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EXHIBIT 11
FORM 10-Q for the Quarter
Ended June 30, 1996
File No. 1-11237
AT&T CAPITAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF PRIMARY AND FULLY DILUTED
EARNINGS PER SHARE
(In Thousands, except per share amounts)
(Unaudited)
For the Three Months For the Six Months
Ended June 30, Ended June 30,
1996 1995 1996 1995
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Net income $37,779 $27,912 $74,823 $52,994
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Primary Earnings Per Share:
Weighted average number of
shares outstanding 46,985 46,944 46,979 46,943
Net effect of dilutive
stock options (based on the
treasury stock method using
average market price) 509 83 506 71
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Total 47,494 47,027 47,485 47,014
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Primary Earnings:
Per Share $ .80 $ .59 $ 1.58 $ 1.13
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Fully Diluted Earnings
Per Share:
Weighted average
number of shares
outstanding 46,985 46,944 46,979 46,943
Net effect of dilutive
stock options (based on
the treasury stock method
using the greater of the
average market price or
quarter end price) 586 103 581 107
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Total 47,571 47,047 47,560 47,050
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Fully diluted earnings
per share $ .79 $ .59 $ 1.57 $ 1.13
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* This calculation is submitted in accordance with Regulation S-K item 601(b)
11 although not required by footnote 2 to paragraph 14 of APB Opinion No. 15
because it results in dilution of less than 3%.