Exhibit 11
CASEY'S GENERAL STORES, INC.
Computation of Per Share Earnings
[CAPTION]
Three Months Ended
October 31,
1994 1993
-----------------------
PRIMARY EARNINGS PER SHARE
Weighted average number of
common and common equivalent
shares:
Weighted average number
of shares outstanding 25,924,873 22,194,456
Shares applicable to
stock options 98,622 67,790
---------- ----------
26,023,495 22,262,246
---------- ----------
Net income $ 7,534,529 5,380,785
---------- ----------
Earnings per common and
common equivalent share $ .29 .24
---------- ----------
FULLY DILUTED EARNINGS PER SHARE
Net income $ 7,534,529 5,380,785
Interest savings net of income
taxes on assumed conversion
of convertible debentures --- 334,961
---------- ----------
Earnings applicable to fully
diluted shares $ 7,534,529 5,715,746
---------- ----------
Average common shares outstanding 25,924,873 22,194,456
Average common equivalent shares
applicable to stock options 127,066 73,406
Average common shares issuable on
assumed conversion of
convertible debentures --- 3,684,210
---------- ----------
26,051,939 25,952,072
---------- ----------
Earnings per share-fully
diluted basis $ .29 .22
---------- ----------
Exhibit 11
(continued)
CASEY'S GENERAL STORES, INC.
Computation of Per Share Earnings
[CAPTION]
Six Months Ended
October 31,
1994 1993
-----------------------
PRIMARY EARNINGS PER SHARE
Weighted average number of
common and common equivalent
shares:
Weighted average number
of shares outstanding 25,922,539 22,185,706
Shares applicable to
stock options 92,195 53,948
26,014,734 22,239,654
---------- ----------
Net income $13,964,916 10,135,637
---------- ----------
Earnings per common and
common equivalent share $ .54 .46
---------- ----------
FULLY DILUTED EARNINGS PER SHARE
Net income $13,964,916 10,135,637
Interest savings net of income
taxes on assumed conversion
of convertible debentures --- 669,922
---------- ----------
Earnings applicable to fully
diluted shares $13,964,916 10,805,559
---------- ----------
Average common shares outstanding 25,922,539 22,185,706
Average common equivalent shares
applicable to stock options 128,549 75,872
Average common shares issuable on
assumed conversion of
convertible debentures --- 3,684,210
---------- ----------
26,051,088 25,945,788
---------- ----------
Earnings per share-fully
diluted basis $ .54 .42
---------- ----------