EXHIBIT 11
PIMCO Advisors L.P.
Computations of Primary Net Income Per Unit
(in thousands, except per unit amounts)
(Unaudited)
For the nine months ended September 30,
---------------------------------------
General Partner
and Class A Class B
---------------------------------------
1995 1994 1995 1994
------ ------ ------ ------
Net income $44,390 $12,819 $44,390 $12,819
======= ======= ======= =======
Weighted average number of units
outstanding 40,858 N/A 32,961 N/A
Weighted average effect of Limited
Partnership unit options 1,215 N/A 288 N/A
------- ------ ------- -------
Weighted average number of units and
unit equivalents used to calculate net
income per unit 42,073 N/A 33,249 N/A
======= ====== ======= =======
Net income per unit $ 0.81 N/A $ 0.31 N/A
======= ====== ======= =======
For the three months ended September 30,
----------------------------------------
General Partner
and Class A Class B
----------------------------------------
1995 1994 1995 1994
------ ------ ------ ------
Net income $17,141 $3,979 $17,141 $3,979
======= ====== ======= ======
Weighted average number of units
outstanding 40,904 N/A 32,961 N/A
Weighted average effect of Limited
Partnership unit options 1,324 N/A 863 N/A
------- ------ ------- ------
Weighted average number of units and
unit equivalents used to calculate net
income per unit 42,228 N/A 33,824 N/A
======= ====== ======= ======
Net income per unit $ 0.29 N/A $ 0.14 N/A
======= ====== ======= ======
Continued
1
EXHIBIT 11,
Continued
PIMCO Advisors L.P.
Computations of Fully Diluted Net Income Per Unit
(in thousands, except per unit amounts)
(Unaudited)
For the nine months ended September 30,
---------------------------------------
General Partner
and Class A Class B
---------------------------------------
1995 1994 1995 1994
------ ------ ------ ------
Net income $44,390 $12,819 $44,390 $12,819
======= ======= ======= =======
Weighted average number of units
outstanding 40,858 N/A 32,961 N/A
Weighted average effect of Limited
Partnership unit options 1,240 N/A 379 N/A
------- ------ ------- -------
Weighted average number of units and
unit equivalents used to calculate net
income per unit 42,098 N/A 33,340 N/A
======= ====== ======= =======
Net income per unit $ 0.81 N/A $ 0.31 N/A
======= ====== ======= =======
For the three months ended September 30,
----------------------------------------
General Partner
and Class A Class B
----------------------------------------
1995 1994 1995 1994
------ ------ ------ ------
Net income $17,141 $3,979 $17,141 $3,979
======= ====== ======= ======
Weighted average number of units
outstanding 40,904 N/A 32,961 N/A
Weighted average effect of Limited
Partnership unit options 1,324 N/A 863 N/A
------- ------ ------- ------
Weighted average number of units and
unit equivalents used to calculate net
income per unit 42,228 N/A 33,824 N/A
======= ====== ======= ======
Net income per unit $ 0.29 N/A $ 0.14 N/A
======= ====== ======= ======
2