(11)
Exhibit 11
to
Form 10-K for 1996
CINCINNATI BELL INC.
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
Dollars in millions, except per share amounts; shares in thousands
(Unaudited)
1996 1995 1994
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PRIMARY
Weighted average common shares outstanding . . . . . . . . . . . . . . 67,233 66,271 65,443
Net effect of dilutive stock options - based on
the Treasury stock method using the average
market price . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,356 457 9
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Total shares for computing primary earnings per share 68,589 66,728 65,452
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Net income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . $ 185.0 $ (32.3) $ 72.6
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Net income (loss) per share. . . . . . . . . . . . . . . . . . . . . . $ 2.70 $ (.48) $ 1.11
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FULLY DILUTED
Weighted average common shares outstanding . . . . . . . . . . . . . . 67,233 66,271 65,443
Net effect of dilutive stock options - based on
the Treasury stock method using the higher
of average or period - end market price. . . . . . . . . . . . . . 1,713 871 9
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Total shares for computing fully diluted earnings per share. . . . . . 68,946 67,142 65,452
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Net income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . $ 185.0 $ (32.3) $ 72.6
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Net income (loss) per share. . . . . . . . . . . . . . . . . . . . . . $ 2.68 $ (.48) $ 1.11
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