EXHIBIT 11.2
DONALDSON, LUFKIN & JENRETTE, INC.
SCHEDULE OF COMPUTATION OF WEIGHTED AVERAGE NUMBER OF
COMMON SHARES AND COMMON SHARE EQUIVALENTS OUTSTANDING
AND DILUTED EARNINGS PER SHARE FOR THE YEARS ENDED
DECEMBER 31, 1998, 1997 AND 1996
Years Ended December 31,
1998 1997 1996
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(in thousands, except per share data)
Weighted Average Common Shares:
Average Common Shares Outstanding 119,111 110,278 106,600
Average Restricted Stock Units Outstanding 2,497 7,086 10,304
Average Common Shares Issuable Under
Employee Benefit Plans 10,372 7,660 1,808
Average Common Shares Issuable for
Convertible Debt - 474 -
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Weighted Average Common Shares Outstanding 131,980 125,498 118,712
Earnings:
Net Income $ 370,800 $ 408,250 $ 291,300
Less: Preferred Stock Dividend Requirement 21,310 12,144 18,653
Less: Interest, net of taxes on Convertible Debt - 308 -
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Earnings Applicable to Diluted Common Shares $ 349,490 $ 396,414 $ 272,647
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Diluted Earnings Per Common Share: $ 2.65 $ 3.16 $ 2.30
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