Exhibit 11
DIGITAL EQUIPMENT CORPORATION
Computation of Net Income/(Loss) Per Common and Common Equivalent Share
Year Ended
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July 1, 1995 July 2, 1994 July 3, 1993
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(In Thousands Except Per Share Data)
Net income/(loss)........... $ 121,818 (b) $ (2,156,063) (d) $ (251,330)
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Net income/(loss) applicable
to common and common
equivalent shares........... $ 86,318 $ (2,166,713) $ (251,330)
(a) (b) (c) (d)
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Weighted-average number of
common shares outstanding
during the year............. 144,907 137,090 130,409
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June 27, 1992 June 29, 1991
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(In Thousands Except Per Share Data)
Net income/(loss)........... $ (2,795,507) (e) $ (617,427)
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Net income/(loss) applicable
to common and common
equivalent shares........... $ (2,795,507) (e) $ (617,427)
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Weighted-average number of
common shares outstanding
during the year............. 124,864 121,588
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See next page for notes to Exhibit 11.
Exhibit 11, cont'd.
Year Ended
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July 1, 1995 July 2, 1994 July 3, 1993
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(In Thousands Except Per Share Data)
Common stock equivalents from
application of "treasury stock"
method to unexercised and out-
standing stock options.......... 1,424 -- --
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Total weighted-average number of
common and common equivalent
shares used in the computation
of net income per common and
common equivalent share........ 146,331 137,090 130,409
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Net income/(loss) applicable
per common and common
equivalent share............... $ 0.59 (b) $ (15.80) (d) $ (1.93)
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June 27, 1992 June 29, 1991
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(In Thousands Except Per Share Data)
Common stock equivalents from
application of "treasury stock"
method to unexercised and out-
standing stock options.......... -- --
---------------- ---------------
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Total weighted-average number of
common and common equivalent
shares used in the computation
of net income per common and
common equivalent share........ 124,864 121,588
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Net income/(loss) applicable
per common and common
equivalent share............... $ (22.39) (e) $ (5.08)
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(a) Includes dividends paid and declared on Series A 8 7/8% cumulative
preferred stock totaling $35,500,000.
(b) Net income and net income per common and common equivalent share include
the cumulative effect of a change in accounting principle of $64,503,000
and $0.44, respectively.
(c) Includes dividends paid and declared on Series A 8 7/8% cumulative
preferred stock totaling $10,650,000.
(d) Net loss and net loss per common share include the cumulative effect of
changes in accounting principles of $51,026,000 and $0.37, respectively.
(e) Net loss and net loss per common share include the cumulative effect of a
change in accounting principle of $485,495,000 and $3.89, respectively.