1
EXHIBIT 11
FRESENIUS MEDICAL CARE HOLDINGS, INC. AND SUBSIDIARIES
WEIGHTED AVERAGE NUMBER OF SHARES AND EARNINGS USED IN PER SHARE COMPUTATION
(DOLLARS AND SHARES IN THOUSANDS)
TWELVE MONTHS ENDED DECEMBER 31,
------------------------------------------
1999 1998 1997
------ ------ ------
The weighted average number of shares of
Common Stock were as follows ......... 90,000 90,000 90,000
====== ====== ======
Income used in the computation of earnings per share were as follows:
TWELVE MONTHS ENDED DECEMBER 31,
-------------------------------------------------
CONTINUED OPERATIONS 1999 1998 1997
--------- --------- ---------
Net Earnings ................................... $(327,027) $ 51,837 $ 33,920
Dividends paid on preferred stocks ............. (520) (520) (520)
--------- --------- ---------
Income used in per share computation of earnings $(327,547) $ 51,317 $ 33,400
========= ========= =========
Basic and fully dilutive earnings per share .... $ (3.64) $ 0.57 $ 0.37
========= ========= =========
TWELVE MONTHS ENDED DECEMBER 31,
-----------------------------------------------
DISCONTINUED OPERATIONS 1999 1998 1997
---- --------- ---------
Net Earnings ................................... $ -- $(105,897) $ (13,783)
Dividends paid on preferred stocks ............. -- -- --
---- --------- ---------
---- --------- ---------
Income used in per share computation of earnings $ -- $(105,897) $ (13,783)
==== ========= =========
Basic and fully dilutive earnings per share .... $ -- $ (1.18) $ (0.15)
==== ========= =========
TWELVE MONTHS ENDED DECEMBER 31,
-------------------------------------------
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 1999 1998 1997
------- ------- -------
Cumulative effect of accounting change ......... $ -- $(4,890) $ --
Dividends paid on preferred stocks ............. -- -- --
------- ------- -------
Income used in per share computation of earnings $ -- $(4,890) $ --
======= ======= =======
Basic and fully dilutive earnings per share .... $ -- $ (0.05) $ --
======= ======= =======
TWELVE MONTHS ENDED DECEMBER 31,
-----------------------------------------------------
CONSOLIDATED 1999 1998 1997
--------- --------- ---------
Net Earnings ................................... $(327,027) $ (58,950) $ 20,137
Dividends paid on preferred stocks ............. (520) (520) (520)
--------- --------- ---------
Income used in per share computation of earnings $(327,547) $ (59,470) $ 19,617
========= ========= =========
Basic and fully dilutive earnings per share .... $ (3.64) $ (0.66) $ 0.22
========= ========= =========