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SPELLING ENTERTAINMENT GROUP INC. AND SUBSIDIARIES
EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE
(In Thousands, Except Per Share Data)
Year ended December 31,
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1994 1993 1992
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NET INCOME:
Income from continuing operations $24,108 $23,659 $ 7,917
Dividends on preferred stock - 724 810
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Income from continuing operations
applicable to common stock 24,108 22,935 7,107
Loss from discontinued operations - (3,971) (2,043)
Extraordinary items - (2,022) 3,948
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Net income applicable to common stock $24,108 $16,942 $ 9,012
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Shares:
Basic shares - weighted average of common
shares outstanding 74,377 54,253 47,789
Additional shares assuming conversion
of stock options and warrants 1,354 427 139
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Primary shares 75,731 54,680 47,928
Additional shares assuming full dilution of
stock options and warrants 131 524 -
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Fully-diluted shares 75,862 55,204 47,928
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Basic, primary and fully-diluted net income (loss)
per common and common equivalent share:
Continuing operations $ 0.32 $ 0.42 $ 0.15
Discontinued operations - (0.07) (0.04)
Extraordinary Items - (0.04) 0.08
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Net income per common and common equivalent share $ 0.32 $ 0.31 $ 0.19
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