1
EXIHIBIT 11.2
Page 1 of 2
GREYHOUND LINES, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED
JUNE 30, 1997
------------------
PRIMARY LOSS PER SHARE
Net loss ............................................................................. $(30,234,000)
============
Shares
Weighted average number of common shares issued .................................. 58,924,289
Less weighted average treasury stock ............................................. (109,192)
Assuming exercise of options reduced by the number of common shares which
could have been purchased with the proceeds from exercise of such options ... ---*
------------
Weighted average number of common shares outstanding, as adjusted ................ 58,815,097
------------
Net loss per share ................................................................... $ (0.51)
============
FULLY DILUTED LOSS PER SHARE
Net loss ............................................................................. $(30,234,000)
Plus interest expense on Convertible Debentures ...................................... ---**
Plus dividends on the Convertible Exchangeable Preferred Stock ....................... ---**
------------
Adjusted net loss .................................................................... $(30,234,000)
============
Shares
Weighted average number of common shares issued .................................. 58,924,289
Less weighted average treasury stock ............................................. (109,192)
Assuming exercise of options reduced by the number of common shares which
could have been purchased with the proceeds from exercise of such options ... ---*
Assuming conversion of Convertible Debentures into shares of Common Stock ........ ---**
Assuming conversion of the Convertible Exchangeable Preferred Stock .............. ---**
------------
Weighted average number of common shares outstanding, as adjusted ................ 58,815,097
------------
Net loss per share ................................................................... $ (0.51)
============
* Option exercises not considered in calculation as exercise would not have
a dilutive effect.
** Not used in calculation of weighted average number of common shares due to
the antidilutive effect of the assumed conversion of the Convertible
Debentures and the Convertible Exchangeable Preferred Stock.
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EXIHIBIT 11.2
Page 2 of 2
GREYHOUND LINES, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
SIX MONTHS ENDED
JUNE 30, 1997
----------------
PRIMARY LOSS PER SHARE
Net loss ............................................................................. $(47,402,000)
============
Shares
Weighted average number of common shares issued .................................. 58,738,978
Less weighted average treasury stock ............................................. (109,192)
Assuming exercise of options reduced by the number of common shares which
could have been purchased with the proceeds from exercise of such options ... ---*
------------
Weighted average number of common shares outstanding, as adjusted ................ 58,629,786
------------
Net loss per share ................................................................... $ (0.81)
============
FULLY DILUTED LOSS PER SHARE
Net loss ............................................................................. $(47,402,000)
Plus interest expense on Convertible Debentures ...................................... ---**
Plus dividends on the Convertible Exchangeable Preferred Stock ....................... ---**
------------
Adjusted net loss .................................................................... $(47,402,000)
============
Shares
Weighted average number of common shares issued .................................. 58,738,978
Less weighted average treasury stock ............................................. (109,192)
Assuming exercise of options reduced by the number of common shares which
could have been purchased with the proceeds from exercise of such options ... ---*
Assuming conversion of Convertible Debentures into shares of Common Stock ........ ---**
Assuming conversion of the Convertible Exchangeable Preferred Stock .............. ---**
------------
Weighted average number of common shares outstanding, as adjusted ................ 58,629,786
------------
Net loss per share ................................................................... $ (0.81)
============
* Option exercises not considered in calculation as exercise would not have
a dilutive effect.
** Not used in calculation of weighted average number of common shares due to
the antidilutive effect of the assumed conversion of the Convertible
Debentures and the Convertible Exchangeable Preferred Stock.