Exhibit 11
OMNICARE, INC. AND SUBSIDIARY COMPANIES
Computation of Earnings Per Common Share (EPS)
(in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
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1999 1998 1999 1998
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Basic Earnings:
Net income $ 4,878 $ 8,106 $ 32,685 $ 28,512
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Shares
Weighted average number of common
shares outstanding 90,890 88,824 90,709 88,466
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Basic earnings per common share $ 0.05 $ 0.09 $ 0.36 $ 0.32
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Diluted Earnings (a):
Net income $ 4,878 $ 8,106 $ 32,685 $ 28,512
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Shares
Weighted average number of common
shares outstanding 90,890 88,824 90,709 88,466
Additional shares assuming conversion of
stock options and stock warrants 183 1,094 267 1,050
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Average common shares outstanding
as adjusted 91,073 89,918 90,976 89,516
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Diluted earnings per common share $ 0.05 $ 0.09 $ 0.36 $ 0.32
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(a) The $345,000,000 of 5.0% Convertible Subordinated Notes due 2007 that are
convertible into 8,712,121 shares at $39.60 per share were outstanding
during the three and six months ended June 30, 1999 and 1998 but were not
included in the computation of diluted EPS because the impact was
anti-dilutive.