EXHIBIT 11
ABBOTT LABORATORIES AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
(DOLLARS AND SHARES IN MILLIONS EXCEPT PER SHARE FIGURES)
YEAR ENDED DECEMBER 31
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1993 1992 1991
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1. Net earnings............................................................. $1,399.1 $1,239.1 $1,088.7
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2. Average number of shares outstanding during the year..................... 829.0 844.1 854.1
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3. Earnings per share based upon average outstanding share (1. DIVIDED BY
2.)........................................................................ $1.69 $1.47 $1.27
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4. Fully diluted earnings per share:
a. Stock options granted and outstanding for which the market price at
year-end exceeds the option price......................................... 18.7 20.1 25.9
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b. Aggregate proceeds to the Company from the exercise of options in
4.a....................................................................... $297.0 $295.1 $354.4
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c. Market price of the Company's common stock at year-end................. $29.63 $30.38 $34.44
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d. Shares which could be repurchased under the treasury stock method (4.b.
+ 4.c.)................................................................... 10.0 9.7 10.3
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e. Addition to average outstanding shares (4.a. - 4.d.)................... 8.7 10.4 15.6
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f. Shares for fully diluted earnings per share calculation (2. + 4.e.).... 837.7 854.5 869.7
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g. Fully diluted earnings per share (1. + 4.f.)........................... $1.67 $1.45 $1.25
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