EXHIBIT 11.2 TENET HEALTHCARE CORPORATION AND SUBSIDIARIES STATEMENT RE: COMPUTATION OF PRO FORMA PER SHARE EARNINGS* YEAR ENDED MAY 31, 1995 ------------------------ (AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) FOR PRIMARY EARNINGS PER SHARE Shares outstanding at beginning of period............................................... 166,081 Shares issued in connection with the Merger............................................. 33,157 Shares issued upon exercise of stock options............................................ 311 Dilutive effect of outstanding stock options............................................ 2,067 -------- Weighted average number of shares and share equivalents outstanding..................... 201,616 -------- -------- Income from continuing operations....................................................... $ 222,900 -------- -------- Earnings per share from continuing operations before cumulative effect of a change in accounting principle................................................................... $ 1.11 -------- -------- FOR FULLY DILUTED EARNINGS PER SHARE Weighted average number of shares used in primary calculation........................... 201,616 Additional dilutive effect of stock options............................................. 203 Assumed conversion of dilutive convertible debentures................................... 13,119 -------- Fully diluted weighted average number of shares......................................... 214,938 -------- -------- Income from continuing operations used in primary calculation........................... $ 222,900 Adjustments for interest expense, contractual allowances and income taxes............... 7,547 -------- Adjusted income from continuing operations used in fully diluted calculation............ $ 230,447 -------- -------- Earnings per share from continuing operations before cumulative effect of a change in accounting principle................................................................... $ 1.07 -------- -------- <FN> ------------------------ *All shares in these tables are weighted on the basis of the number of days the shares were outstanding or assumed to be outstanding during each period.