1
Exhibit 11.1
KINETIC CONCEPTS, INC. AND SUBSIDIARIES
EARNINGS PER SHARE COMPUTATIONS
(In thousands, except per share data)
Year ended December 31,
------------------------------
1994 1993 1992
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Earnings before income taxes, minority
interest, extraordinary item and cumulative
effects of changes in accounting principles $119,550 $ 14,627 $ 47,917
Income taxes (55,949) (7,175) (19,405)
Minority interest in subsidiary loss 40 560 -
-------- -------- --------
Net earnings before extraordinary item and
cumulative effects of changes in accounting
principles 63,641 8,012 28,512
Extraordinary item - (400) -
Cumulative effect of change in method of
accounting for inventory 742 - -
Cumulative effect of change in method of
accounting for income taxes - 450 -
-------- -------- --------
Net earnings 64,383 8,062 28,512
Dividends and accretion related to
preferred stock - (171) (322)
-------- -------- --------
Net earnings available to common shareholders $ 64,383 $ 7,891 $ 28,190
======== ======== ========
Shares used in earnings per share computations 44,143 44,627 45,060
======== ======== ========
Earnings per share:
Earnings before extraordinary item and
cumulative effects of changes in
accounting principles $ 1.44 $ 0.18 $ 0.63
Extraordinary item - (0.01) -
Cumulative effect of change in method of
accounting for inventory 0.02 - -
Cumulative effect of change in method of
accounting for income taxes - 0.01 -
-------- -------- --------
$ 1.46 $ 0.18 $ 0.63
======== ======== ========
Shares used in earnings per share
computations - assuming full dilution 44,709 44,634 45,129
======== ======== ========
Earnings per share - assuming full dilution:
Earnings before extraordinary item and
cumulative effects of changes in
accounting principles $ 1.42 $ 0.18 $ 0.63
Extraordinary item - (0.01) -
Cumulative effect of change in method of
accounting for inventory 0.02 - -
Cumulative effect of change in method of
accounting for income taxes - 0.01 -
-------- -------- --------
$ 1.44 $ 0.18 $ 0.63
======== ======== ========
2
Exhibit 11.1 (Continued)
KINETIC CONCEPTS, INC. AND SUBSIDIARIES
EARNINGS PER SHARE COMPUTATIONS
(In thousands, except per share data)
COMPUTATION OF SHARES USED IN EARNINGS PER SHARE COMPUTATIONS
Year ended December 31,
------------------------------
1994 1993 1992
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Average outstanding common shares 43,912 44,249 43,834
Average common equivalent shares - dilutive
effect of option shares 231 378 1,226
------ ------ ------
Shares used in earnings per share computation 44,143 44,627 45,060
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SHARES USED IN EARNINGS PER SHARE COMPUTATIONS ASSUMING FULL DILUTION
Year ended December 31,
------------------------------
1994 1993 1992
------------------------------
Average outstanding common shares 43,912 44,249 43,834
Average common equivalent shares - dilutive
effect of option shares 797 385 1,295
------ ------ ------
Shares used in earnings per share computation
- assuming full dilution 44,709 44,634 45,129
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