EXHIBIT 11
To Cyprus Amax Minerals Company's
Quarterly Report on Form 10-Q
For the Quarter Ended September 30, 1999
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EXHIBIT 11
CYPRUS AMAX MINERALS COMPANY & SUBSIDIARIES
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Computation of Per Share Earnings
(In millions except per share data)
Three Months Nine Months
Ended September 30, Ended September 30,
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1999 1998 1999 1998
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Net Income (Loss) from Continuing Operations $ (75) $ (5) $ (151) $ (58)
Net Income (Loss) from Discontinued Domestic
Coal Division, Net of Taxes $ - $ 24 $ 3 $ 45
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Net Income (Loss) $ (75) $ 19 $ (148) $ (13)
Preferred Stock Dividends (5) (5) (14) (14)
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Income (Loss) Applicable to Common Shares $ (80) $ 14 $ (162) $ (27)
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Basic:
Average Common Shares Outstanding 90.5 92.9 90.5 93.4
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Diluted:
Average Common Shares Outstanding 90.5 92.9 90.5 93.4
Common Stock Equivalents - Options .8 - .4 -
Conversion of Series A Preferred Stock 9.6 9.6 9.6 9.6
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Diluted Average Common
Shares Outstanding 100.9 102.5 100.5 103.0
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Basic
Earnings (Loss) from Continuing Operations $ (.88) $ (.10) $(1.83) $ (.77)
Earnings (Loss) from Discontinued Domestic
Coal Division, Net of Taxes $ - $ .26 $ .03 $ .49
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Net Loss per Common Share $ (.88) $ .16 $(1.80) $ (.28)
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Diluted
Earnings (Loss) from Continuing Operations $ (.74) $ (.05) $(1.50) $ (.56)
Earnings (Loss) from Discontinued Domestic
Coal Division, Net of Taxes $ - $ .24 $ .02 $ .44
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Net Loss per Common Share $ (.74) $ .19 $(1.48) $ (.12)
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