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EXHIBIT 11
THE ACTAVA GROUP INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED
MARCH 31,
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1995 1994
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INCOME (LOSS) PER SHARE -- PRIMARY
Net (loss) available for Common
Stock and Common Stock equivalents . . . . . . . . . . . . . . . . . . . . $(7,035) $(12,673)
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COMMON STOCK AND COMMON STOCK EQUIVALENTS
Weighted average Actava common shares outstanding during
the period, less stock in treasury . . . . . . . . . . . . . . . . . . . 17,858 17,635
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(Loss) Per Share -- Primary . . . . . . . . . . . . . . . . . . . . . . . . . $ (.39) $ (.72)
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INCOME (LOSS) PER SHARE -- ASSUMING FULL DILUTION (A)
Net (loss) available for Common Stock and Common Stock
equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(7,035) $(12,673)
Interest savings on assumed conversion of 6 1/2% Convertible
Debentures, net of income tax . . . . . . . . . . . . . . . . . . . . . . . 827 827
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Net income (loss) available for Common Stock and
Common Stock equivalents assuming full dilution . . . . . . . . . . . . $(6,208) $(11,846)
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Common Stock & Common Stock equivalents . . . . . . . . . . . . . . . . . . . 17,858 17,635
Shares issuable upon assumed conversion of 6 1/2% Convertible
Debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,802 1,802
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Common Stock and Common stock equivalents assuming full
dilution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,660 19,437
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Income (Loss) Per Share -- Assuming Full Dilution . . . . . . . . . . . . . . $ (.32) $ (.61)
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(a) Fully diluted income (loss) per share is not used in 1995 and 1994 because
it exceeds primary earnings (loss) per share.