1
Exhibit 11
FLEXTRONICS INTERNATIONAL LTD.
Computation of net income (loss) per share
(in thousands, except share data)
March 31,
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1994 1995 1996
Shares issued and outstanding 6,779 11,404 12,536
Common Stock Equivalent
Warrants and Stock Options 951 699
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7,730 12,103 12,536
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Net income/(loss) before extraordinary gain $1,735 $6,156 $(17,412)
Extraordinary gain $ 416
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Net income/(loss) after extraordinary gain $2,151 $6,156 $(17,412)
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Earnings per share:
Net income/(loss) before extraordinary gain $ 0.23 $ 0.51 $ (1.39)
Extraordinary gain $ 0.05
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Net income/(loss) after extraordinary gain $ 0.28 $ 0.51 $ (1.39)
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Note:
Net income is computed using the weighted average number of Ordinary Share
equivalents outstanding during the respective periods. Ordinary Share
equivalents include Ordinary Shares issuable upon the exercise of stock
options computed using the treasury stock method.
The computations of the respective years give retroactive effect to the
acquisition of nCHIP, Inc. which was accounted for under the pooling of
interest method. Hence, the number of share equivalents and net income are
restated as if the acquisition took place on April 1, 1993.