Exhibit 11
BELL ATLANTIC CORPORATION AND SUBSIDIARIES
Computation of Per Common Share Earnings
(Dollars In Millions, Except Per Share Amounts)
Years Ended December 31,
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1996 1995 1994
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Income before extraordinary items and cumulative
effect of change in accounting principle.............. $ 1,739.4 $ 1,861.8 $ 1,401.9
Extraordinary items.................................... -- (3.5) (2,156.7)
Cumulative effect of change in accounting
principle............................................. 142.1 -- --
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Net income (loss)...................................... $ 1,881.5 $ 1,858.3 $ (754.8)
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Earnings (Loss) Per Common Share
Weighted average shares outstanding.................... 437,749,196 436,760,686 436,283,155
Incremental shares from assumed exercise of stock
options and payment of performance share awards....... 1,810,215 1,584,328 952,652
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Total shares........................................... 439,559,411 438,345,014 437,235,807
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Income before extraordinary items and cumulative
effect of change in accounting principle.............. $ 3.96 $ 4.25 $ 3.21
Extraordinary items.................................... -- (.01) (4.94)
Cumulative effect of change in accounting
principle............................................. .32 -- --
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Net income (loss)...................................... $ 4.28 $ 4.24 $ (1.73)
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Fully Diluted Earnings (Loss) Per Common Share*
Weighted average shares outstanding.................... 437,749,196 436,760,686 436,283,155
Incremental shares from assumed exercise of stock
options and payment of performance share awards....... 1,960,128 1,815,245 1,007,218
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Total shares........................................... 439,709,324 438,575,931 437,290,373
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Income before extraordinary items and cumulative
effect of change in accounting principle.............. $ 3.96 $ 4.25 $ 3.21
Extraordinary items.................................... -- (.01) (4.94)
Cumulative effect of change in accounting
principle............................................. .32 -- --
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Net income (loss)...................................... $ 4.28 $ 4.24 $ (1.73)
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*Fully diluted earnings per share calculation is presented in accordance with
Regulation S-K item 601(b)(11) although not required by footnote 2 to paragraph
14 of Accounting Principles Board Opinion No. 15 because it results in dilution
of less than 3%.