1 EXHIBIT 11 FRESENIUS USA, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE DATA) Three Months Ended --------------------------- June 30, June 30, 1995 1994 -------- -------- Net income $ 3,473 $ 1,519 ======= ======= Primary net income per common and common equivalent share $ .13 $ .07 ======= ======= Weighted average number of shares of common stock and common stock equivalents used to compute primary net income per common and common equivalent share 25,773 21,498 ======= ======= Fully diluted net income per common and common equivalent share $ .13 $ .07 ======= ======= Weighted average number of shares of common stock and common stock equivalents used to compute fully diluted net income per common and common equivalent share 26,694 21,525 ======= ======= 2 EXHIBIT 11 FRESENIUS USA, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE DATA) Six Months Ended --------------------------- June 30, June 30, 1995 1994 -------- -------- Net income $ 6,791 $ 3,056 ======= ======= Primary net income per common and common equivalent share $ .26 $ .14 ======= ======= Weighted average number of shares of common stock and common stock equivalents used to compute primary net income per common and common equivalent share 25,712 21,156 ======= ======= Fully diluted net income per common and common equivalent share $ .26 $ .14 ======= ======= Weighted average number of shares of common stock and common stock equivalents used to compute fully diluted net income per common and common equivalent share 26,658 21,175 ======= =======