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)
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 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
========= ======= ========= ========
Income (loss) used in the computation of earnings per share were as follows:
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
------------------------- -------------------------
CONTINUED OPERATIONS 1999 1998 1999 1998
---- ---- ---- ----
Net earnings (loss)........................................ $(387,205) $14,304 (348,174) $ 36,920
Dividends paid on preferred stocks......................... (130) (130) (390) (390)
--------- ------- --------- ---------
--------- ------- --------- ---------
Income (loss) used in per share computation of earnings.... $(387,335) $14,174 (348,564) $ 36,530
========= ======= ========= =========
Basic and fully dilutive earnings (loss) per share......... $ (4.30) $ 0.16 $ (3.87) $ 0.41
========= ======= ========= =========
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
------------------------- -------------------------
DISCONTINUED OPERATIONS 1999 1998 1999 1998
---- ---- ---- ----
Net loss................................................... $ -- $ 0 -- $(105,897)
Dividends paid on preferred stocks......................... -- -- -- --
--------- ------- --------- ---------
--------- ------- --------- ---------
Loss used in per share computation of earnings............. $ -- $ -- -- $(105,897)
========= ======= ========= =========
Basic and fully dilutive loss per share.................... $ -- $ -- -- $ (1.18)
========= ======= ========= =========
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 1999 1998 1999 1998
---- ---- ---- ----
Cumulative effect of accounting change..................... $ -- $ -- -- $ (4,890)
Dividends paid on preferred stocks......................... -- -- -- --
--------- ------- --------- ---------
--------- ------- --------- ---------
Loss used in per share computation of earnings............. $ -- $ -- -- $ (4,890)
========= ======= ========= =========
Basic and fully dilutive loss per share.................... $ -- $ -- -- $ (0.05)
========= ======= ========= =========
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
CONSOLIDATED 1999 1998 1999 1998
---- ---- ---- ----
Net earnings (loss)........................................ $(387,205) $14,304 (348,174) $ (73,867)
Dividends paid on preferred stocks......................... (130) (130) (390) (390)
--------- ------- --------- ---------
--------- ------- --------- ---------
Income (loss) used in per share computation of earnings.... $(387,335) $14,174 (348,564) $ (74,257)
========= ======= ========= =========
Basic and fully dilutive earnings (loss) per share......... $ (4.30) $ 0.16 (3.87) $ (0.82)
========= ======= ========= =========