LIBERTY FINANCIAL COMPANIES, INC.
EXHIBIT 11 - Statement re Computation of Per Share Earnings
(in millions, except share and 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 net income per common share:
Net income $ 30.0 $ 23.1 $ 65.0 $ 46.9
Less: cumulative preferred
dividends 0.3 0.3 0.5 0.5
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Net income available for
common shareholders $ 29.7 $ 22.8 $ 64.5 $ 46.4
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Weighted average shares
outstanding 28,952,759 28,159,518 28,864,767 27,970,547
Common stock equivalents 1,678,125 1,451,876 1,700,036 1,466,353
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Total 30,630,884 29,611,394 30,564,803 29,436,900
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Primary net income per common
share $ 0.97 $ 0.77 $ 2.11 $ 1.58
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Fully diluted net income per common share:
Net income $ 30.0 $ 23.1 $ 65.0 $ 46.9
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Weighted average shares
outstanding 28,952,759 28,159,518 28,864,767 27,970,547
Common stock equivalents 1,869,455 1,513,687 1,896,456 1,546,353
Convertible preferred stock 345,341 346,060 345,488 346,060
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Total 31,167,555 30,019,265 31,106,711 29,862,960
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Fully diluted net income per
common share $ 0.96 $ 0.77 $ 2.09 $ 1.57
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