EXHIBIT 11.1
GILEAD SCIENCES, INC.
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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1997 1996 1997 1996
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PRIMARY EARNINGS PER SHARE
Weighted average common and common 29,169 28,330 29,018 26,999
equivalent shares outstanding during the period
Adjustment for dilutive effect of
outstanding stock options 1,888 - - -
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Weighted average common and
common equivalent shares used for
primary earnings (loss) per share 31,057 28,330 29,018 26,999
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NET INCOME (LOSS) $2,711 ($12,158) ($5,237) ($22,960)
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NET INCOME (LOSS) PER SHARE $0.09 ($0.43) ($0.18) ($0.85)
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FULLY DILUTED EARNINGS PER SHARE
Weighted average common and common 29,169 28,330 29,018 26,999
equivalent shares outstanding during the period
Adjustment for dilutive effect of
outstanding stock options 1,945 - - -
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Weighted average common and
common equivalent shares used for
fully diluted earnings (loss) per share 31,114 28,330 29,018 26,999
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NET INCOME (LOSS) $2,711 ($12,158) ($5,237) ($22,960)
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NET INCOME (LOSS) PER SHARE $0.09 ($0.43) ($0.18) ($0.85)
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