EXHIBIT 11.1
GILEAD SCIENCES, INC.
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
---------------------- -----------------------
1996 1995 1996 1995
-------- --------- --------- ---------
PRIMARY EARNINGS PER SHARE
Weighted average common shares 28,500 21,085 27,500 19,785
outstanding during the period
Adjustment for dilutive effect of
outstanding stock options 2,049 - - -
------- ------- -------- --------
Weighted average common and
common equivalent shares used for
primary earnings (loss) per share 30,549 21,085 27,500 19,785
------- ------- -------- --------
------- ------- -------- --------
NET INCOME (LOSS) $ 9,310 $(8,426) $(13,650) $(25,234)
------- ------- -------- --------
------- ------- -------- --------
NET INCOME (LOSS) PER SHARE $ 0.30 $ (0.40) $ (0.50) $ (1.28)
------- ------- -------- --------
------- ------- -------- --------
FULLY DILUTED EARNINGS PER SHARE
Weighted average common shares 28,500 21,085 27,500 19,785
outstanding during the period
Adjustment for dilutive effect of
outstanding stock options 2,431 - - -
------- ------- -------- --------
Weighted average common and
common equivalent shares used for
fully diluted earnings (loss) per
share 30,931 21,085 27,500 19,785
------- ------- -------- --------
------- ------- -------- --------
NET INCOME (LOSS) $ 9,310 $(8,426) $(13,650) $(25,234)
------- ------- -------- --------
------- ------- -------- --------
NET INCOME (LOSS) PER SHARE $ 0.30 $ (0.40) $ (0.50) $ (1.28)
------- ------- -------- --------
------- ------- -------- --------