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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)
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
------------------------- -------------------------
1999 1998 1999 1998
---------- ---------- ---------- ----------
The weighted average number of shares of ---------- ---------- ---------- ----------
Common Stock were as follows.................................... 90,000 90,000 90,000 90,000
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Income used in the computation of earnings per share were as follows:
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
------------------------- -------------------------
CONTINUED OPERATIONS 1999 1998 1999 1998
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Net Earnings..................................................... $ 21,404 $ 12,770 39,031 $ 22,616
Dividends paid on preferred stocks............................... (130) (130) (260) (260)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Income used in per share computation of earnings................. $ 21,274 $ 12,640 38,771 $ 22,356
========== ========== ========== ==========
Basic and fully dilutive earnings per share...................... $ 0.24 $ 0.14 0.43 $ 0.25
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THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
------------------------- -------------------------
DISCONTINUED OPERATIONS 1999 1998 1999 1998
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Net Earnings..................................................... $ -- $(101,468) -- $(105,897)
Dividends paid on preferred stocks............................... -- -- -- --
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Income used in per share computation of earnings................. $ -- $(101,468) -- $(105,897)
========== ========== ========== ==========
Basic and fully dilutive earnings per share...................... $ -- $ (1.13) -- - $ (1.18)
========== ========== ========== ==========
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
------------------------- ---------------------------
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 1999 1998 1999 1998
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
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)
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THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
------------------------- -------------------------
CONSOLIDATED 1999 1998 1999 1998
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Net Earnings..................................................... $ 21,404 $ (88,698) 39,031 $ (88,171)
Dividends paid on preferred stocks............................... (130) (130) (260) (260)
---------- ---------- ---------- ----------
Income used in per share computation of earnings................. $ 21,274 $ (88,828) 38,771 $ (88,431)
========== ========== ========== ==========
Basic and fully dilutive earnings per share...................... $ 0.24 $ (0.99) 0.43 $ (0.98)
========== ========== ========== ==========