EXHIBIT 11
CHIRON CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
YEAR ENDED DECEMBER 31,
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1996 1995 1994
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EARNINGS PER SHARE
Net income (loss) available for common shares and common
stock equivalent shares deemed to have a dilutive effect... $ 55,145,000 $ (512,463,000) $ 18,325,000
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Primary earnings (loss) per share.............................. $ 0.31 $ (3.15) $ 0.13
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Fully diluted earnings (loss) per share........................ $ 0.31 $ (3.15) $ 0.13
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Shares used in primary earnings (loss) per share computation:
Weighted average common shares outstanding................. 169,345,000 162,442,000 131,888,000
Weighted average dilutive incremental common shares
issuable from exercise of warrants....................... 257,000 -- 272,000
Weighted average dilutive incremental common shares
issuable under employee stock option programs............ 7,450,000 -- 5,012,000
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Total common shares and common stock equivalent shares
deemed to have a dilutive effect......................... 177,052,000 162,442,000 137,172,000
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Shares used in fully dilutive earnings (loss) per share
computation:
Weighted average common shares outstanding................. 169,345,000 162,442,000 131,888,000
Weighted average dilutive incremental common shares
issuable from exercise of warrants....................... 257,000 -- 412,000
Weighted average dilutive incremental common shares
issuable under employee stock option programs............ 7,451,000 -- 6,552,000
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Total common shares and common stock equivalent shares
deemed to have a dilutive effect......................... 177,053,000 162,442,000 138,852,000
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