EXHIBIT 11
COLUMBIA/HCA HEALTHCARE CORPORATION
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
FOR THE QUARTERS AND SIX MONTHS ENDED JUNE 30, 1995 AND 1994
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
QUARTER SIX MONTHS
---------------- ----------------
1995 1994 1995 1994
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PRIMARY EARNINGS PER COMMON AND COMMON
EQUIVALENT SHARE:
Earnings (loss):
Income before extraordinary item.......... $ 78 $ 243 $ 436 $ 430
Extraordinary loss on extinguishment of
debt, net of income tax benefit.......... (96) - (96) (92)
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Net income (loss)..................... $ (18) $ 243 $ 340 $ 338
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Shares used in the computation (000):
Weighted average common shares outstand-
ing...................................... 442,768 415,100 442,628 411,892
Dilutive effect of common stock equiva-
lents.................................... 4,902 6,104 4,930 6,949
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Shares used in earnings per common and
common equivalent share computation.... 447,670 421,204 447,558 418,841
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Primary earnings per common and common
equivalent share:
Income before extraordinary item.......... $ .17 $ .58 $ .97 $ 1.03
Extraordinary loss on extinguishment of
debt..................................... (.21) - (.21) (.22)
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Net income (loss)..................... $ (.04) $ .58 $ .76 $ .81
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FULLY DILUTED EARNINGS PER COMMON AND COMMON
EQUIVALENT SHARE:
Earnings (loss):
Income before extraordinary item.......... $ 78 $ 243 $ 436 $ 430
Interest add-back on convertible
securities, net of income taxes.......... 2 1 4 1
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Income applicable to common stock......... 80 244 440 431
Extraordinary loss on extinguishment of
debt, net of
income tax benefit....................... (96) - (96) (92)
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Net income (loss)..................... $ (16) $ 244 $ 344 $ 339
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Shares used in the computation (000):
Weighted average common shares
outstanding.............................. 442,768 415,100 442,628 411,892
Dilutive effect of common stock
equivalents and other
dilutive securities...................... 7,267 8,199 7,524 8,176
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Shares used in earnings per common and
common equivalent share computation.... 450,035 423,299 450,152 420,068
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Fully diluted earnings per common and common
equivalent share:
Income before extraordinary item $ .18 $ .58 $ .98 $ 1.02
Extraordinary loss on extinguishment of
debt..................................... (.22) - (.22) (.21)
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Net income (loss)..................... $ (.04) $ .58 $ .76 $ .81
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