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EXHIBIT 11
FRESENIUS NATIONAL MEDICAL CARE HOLDINGS, INC. AND SUBSIDIARIES
WEIGHTED AVERAGE NUMBER OF SHARES AND
EARNINGS USED IN PER SHARE COMPUTATIONS
The weighted average number of shares of common Stock outstanding were
as follows:
(IN THOUSANDS)
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
------------------- ------------------
1996 1995 1996 1995
-------- ------- ------- -------
Weighted average number of shares
of Common Stock outstanding $91,092 $96,708 $95,188 $95,330
Income used in the computation of earnings per share was as follows:
(IN THOUSANDS EXCEPT PER SHARE)
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
------------------- ------------------
1996 1995 1996 1995
-------- ------- ------- -------
Net income $(2,518 $20,710 $62,881 $83,831
Dividends paid on preferred
stocks (230) (131) (391) (392)
------- ------- ------- -------
Income used in per share
computation of earnings $(2,388) $20,579 $62,490 $83,439
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Earnings per share $ 0.03 $ 0.21 $ 0.66 $ 0.88
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