PULTE CORPORATION
EXHIBIT 11 - STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(Unaudited)
(000's omitted, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
------------------- -----------------
1996 1995 1996 1995
---- ---- ---- ----
Primary
Net income ................................ $18,194 $10,672 $25,274 $14,139
======= ======= ======= =======
Weighted average common shares
outstanding .......................... 25,491 26,993 26,237 27,197
Common stock equivalents - stock options . 212 270 240 260
------- ------- ------- -------
Total................................. 25,703 27,263 26,477 27,457
======= ======= ======= =======
Net income per share ...................... $ .71 $ .38 $ .95 $ .51
======= ======= ======= =======
Fully diluted
Net income ................................ $18,194 $10,672 $25,274 $14,139
======= ======= ======= =======
Weighted average common shares
outstanding .......................... 25,491 26,993 26,237 27,197
Common stock equivalents - stock options .. 212 301 240 282
------- ------- ------- -------
Total............................... 25,703 27,294 26,477 27,479
======= ======= ======= =======
Net income per share ....................... $ .71 $ .38 $ .95 $ .51
======= ======= ======= =======
29
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
PULTE CORPORATION
/s/ MICHAEL D. HOLLERBACH
-------------------------
Michael D. Hollerbach
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
/s/ VINCENT J. FREES
-------------------------
Vincent J. Frees
Vice President and Controller
(Principal Accounting Officer)
Date: August 13 , 1996
30