Exhibit 11
to
Form 10-K for 1993
CINCINNATI BELL INC.
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(Dollars in thousands, except per share amounts; shares in thousands)
1993 1992 1991
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Income (loss) before extraordinary charges . . . . $(56,795) $38,937 $42,710
Extraordinary charges, net of income
tax benefit. . . . . . . . . . . . . . . . . . . -- (3,690) --
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Net income (loss). . . . . . . . . . . . . . . . . $(56,795) $35,247 $42,710
Preferred dividend requirements. . . . . . . . . . 2,248 4,350 4,350
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Income (loss) applicable to common shares. . . . . $(59,043) $30,897 $38,360
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Weighted average number of common
shares outstanding . . . . . . . . . . . . . . . 63,296 61,914 61,334
Common share conversions applicable to
common share options . . . . . . . . . . . . . . 74 41 108
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Total number of shares for computing
primary earnings (loss) per share. . . . . . . . 63,370 61,955 61,442
Average contingent issues of common shares
from convertible preferred shares. . . . . . . . 1,531 3,158 3,158
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Total number of shares for computing
fully diluted earnings (loss) per share. . . . . 64,901 65,113 64,600
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Earnings (Loss) per Common Share
As Reported
Income (loss) before extraordinary charges $ (.93) $ .56 $ .63
Extraordinary charges. . . . . . . . . . . . . -- (.06) --
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Net income (loss). . . . . . . . . . . . . . . $ (.93) $ .50 $ .63
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Primary
Income (loss) before extraordinary charges . . $ (.93) $ .56 $ .62
Extraordinary charges. . . . . . . . . . . . . -- (.06) --
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Net income (loss). . . . . . . . . . . . . . . $ (.93) $ .50 $ .62
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Fully Diluted
Income (loss) before extraordinary charges . . $ (.88) $ .60 $ .66
Extraordinary charges. . . . . . . . . . . . . -- (.06) --
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Net income (loss). . . . . . . . . . . . . . . $ (.88) $ .54 $ .66
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Earnings (loss) per share amounts for the years ended December 31, 1993, 1992
and 1991 as reported in the Consolidated Statements of Income are based on the
weighted average number of common shares outstanding for the respective periods.
Primary and fully diluted earnings (loss) per share amounts are not shown in the
Consolidated Statements of Income as they differ from the reported earnings
(loss) per share amounts by less than three percent or are antidilutive.