EXHIBIT 11
COLUMBIA/HCA HEALTHCARE CORPORATION
COMPUTATION OF EARNINGS PER SHARE
FOR THE QUARTERS ENDED MARCH 31, 1997 AND 1996
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
1997 1996
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PRIMARY EARNINGS PER SHARE:
Net income................................................... $ 479 $ 416
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Shares used in the computation (in thousands):
Weighted average shares outstanding........................ 672,690 670,392
Dilutive effect of common stock equivalents................ 7,015 7,656
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Shares used in computing earnings per share.............. 679,705 678,048
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Primary earnings per share............................. $ .70 $ .61
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FULLY DILUTED EARNINGS PER SHARE:
Net income................................................... $ 479 $ 416
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Shares used in the computation (in thousands):
Weighted average common shares outstanding................. 672,690 670,392
Dilutive effect of common stock equivalents................ 7,031 8,066
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Shares used in computing earnings per share.............. 679,721 678,458
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Fully diluted earnings per share....................... $ .70 $ .61
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