32
Baxter International Inc. and Subsidiaries
Exhibit 11.1 - Computation of Primary Earnings per Common Share
- ---------------------------------------------------------------------------------------------------------------
(Unaudited - in millions, except per share data) Three months ended Nine months ended
September 30, September 30,
1996 1995 1996 1995
EARNINGS
Income from continuing operations applicable
to common stock $137 $11 $417 $223
Income from discontinued operations 40 152 94 250
- ---------------------------------------------------------------------------------------------------------------
Net income available for common stock $177 $163 $511 $473
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
SHARES
Weighted average number of common
shares outstanding 273 275 272 278
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
PRIMARY EARNINGS PER COMMON SHARE
Income from continuing operations $0.50 $0.04 $1.53 $0.80
Income from discontinued operations 0.15 0.55 0.35 0.90
- ---------------------------------------------------------------------------------------------------------------
Net income $0.65 $0.59 $1.88 $1.70
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------