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EXHIBIT 11-10
DTE ENERGY COMPANY
BASIC AND DILUTED EARNINGS PER SHARE
OF COMMON STOCK
Year Ended December 31
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1997 1996 1995
---- ---- ----
(Thousands, except per share amounts)
BASIC:
Net Income................................. $417,333 $309,296 $405,914
Weighted average number of common
shares outstanding (a)................... 145,101 145,120 144,940
Earnings per share of Common Stock
based on weighted average number
of shares outstanding.................... $ 2.88 $ 2.13 $ 2.80
DILUTED:
Net Income................................. $417,333 $309,296 $405,914
Convertible Preferred Stock dividends...... - - 205
-------- -------- --------
$417,333 $309,296 $406,119
======== ======== ========
Weighted average number of common
shares outstanding (a)................... 145,101 145,120 144,940
Conversion of convertible Preferred Stock - - 237
Incremental shares from assumed
conversion of options.................... 12 - -
-------- -------- --------
145,113 145,120 145,177
======== ======== ========
Earnings per share of Common Stock
assuming conversion of outstanding
convertible Preferred Stock and options.. $ 2.88 $ 2.13 $ 2.80
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(a) Based on a daily average.