EXHIBIT 11
COLUMBIA/HCA HEALTHCARE CORPORATION
COMPUTATION OF EARNINGS PER SHARE
FOR THE QUARTERS AND NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
QUARTER NINE MONTHS
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1997 1996 1997 1996
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PRIMARY EARNINGS PER SHARE:
Earnings:
Income from continuing operations............ $ 91 $ 299 $ 931 $ 1,063
Income from discontinued operations, net of
income taxes................................ 6 12 57 28
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Net income................................. $ 97 $ 311 $ 988 $ 1,091
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Shares used in the computation (in thousands):
Weighted average shares outstanding.......... 653,559 670,938 662,679 670,892
Dilutive effect of common stock equivalents.. 4,248 6,479 5,457 6,922
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Shares used in computing earnings per
share..................................... 657,807 677,417 668,136 677,814
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Earnings per share:
Income from continuing operations............ $ .15 $ .44 $ 1.39 $ 1.57
Income from discontinued operations.......... .01 .02 .09 .04
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Net income................................. $ .16 $ .46 $ 1.48 $ 1.61
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FULLY DILUTED EARNINGS PER SHARE:
Earnings:
Income from continuing operations............ $ 91 $ 299 $ 931 $ 1,063
Income from discontinued operations, net of
income taxes................................ 6 12 57 28
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Net income................................. $ 97 $ 311 $ 988 $ 1,091
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Shares used in the computation (in thousands):
Weighted average common shares outstanding... 653,559 670,938 662,679 670,892
Dilutive effect of common stock equivalents.. 4,248 6,831 5,733 7,222
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Shares used in computing earnings per
share..................................... 657,807 677,769 668,412 678,114
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Earnings per share:
Income from continuing operations............ $ .15 $ .44 $ 1.39 $ 1.57
Income from discontinued operations.......... .01 .02 .09 .04
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Net income................................. $ .16 $ .46 $ 1.48 $ 1.61
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