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EXHIBIT 11
CHRYSLER CORPORATION AND CONSOLIDATED SUBSIDIARIES
Earnings Per Common Share Data
APB Opinion No.15 Calculation
Period Ended June 30, 1994
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Three Months Ended Six Months Ended
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1994 1993 1994 1993
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(In millions of dollars and shares)
Primary:
Net earnings (loss) $ 956 $ 685 $ 1,894 $ (3,751)
Preferred stock dividend (20) (20) (40) (40)
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Earnings (loss) attributable to common stock $ 936 $ 665 $ 1,854 $ (3,791)
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Weighted average shares outstanding 354.1 350.3 354.0 338.0
Shares issued on exercise of dilutive options 10.5 11.4 10.6 --
Shares purchased with proceeds of options (6.0) (5.3) (5.5) --
Shares contingently issuable 0.5 1.2 0.5 --
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Shares applicable to primary earnings (loss) 359.1 357.6 359.6 338.0
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Fully Diluted:
Net earnings $ 956 $ 685 $ 1,894 $ --
Preferred stock dividend -- -- -- --
-------- -------- -------- ---------
Earnings attributable to common stock $ 956 $ 685 $ 1,894 $ --
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Weighted average shares outstanding 354.1 350.3 354.0 --
Shares issued on exercise of dilutive options 10.5 11.4 10.6 --
Shares purchased with proceeds of options (6.0) (4.9) (5.5) --
Shares applicable to convertible preferred stock 47.9 47.9 47.9 --
Shares contingently issuable 1.0 1.3 0.9 --
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Shares applicable to fully diluted earnings 407.5 406.0 407.9 --
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Per Common Share Data: (In dollars)
Primary:
Earnings before cumulative effect of
changes in accounting principles $ 2.61 $ 1.86 $ 5.16 $ 3.48
Cumulative effect of changes in
accounting principles -- -- -- (14.70)
-------- -------- -------- ---------
Net earnings (loss) per common share $ 2.61 $ 1.86 $ 5.16 $ (11.22)
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Fully Diluted:
Earnings before cumulative effect of
changes in accounting principles $ 2.35 $ 1.69 $ 4.64 $ --
Cumulative effect of changes in
accounting principles -- -- -- --
-------- -------- -------- ---------
Net earnings per common share $ 2.35 $ 1.69 $ 4.64 $ --
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Note: Earnings (loss) per common share amounts were computed by dividing
earnings (loss) after deduction of preferred stock dividends by the
average number of common and dilutive equivalent shares outstanding.
In the three months ended June 30, 1994 and 1993, and in the six
months ended June 30, 1994, fully diluted per common share amounts
assume conversion of the convertible preferred stock, the elimination
of the related preferred stock dividend requirement, and the issuance of
common stock for all other potentially dilutive equivalents outstanding.
Computations of primary earnings per common share exclude the effect of
common stock equivalents and shares contingently issuable for any period
in which their inclusion would have the effect of increasing the earnings
per common share amount or decreasing the loss per common share amount
otherwise computed. Fully diluted per common share amounts are not
applicable for loss periods.