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THE BF GOODRICH COMPANY AND SUBSIDIARIES
EXHIBIT 11 - STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
Year Ended
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1994 1993 1992
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PRIMARY (Dollars in millions,
except per share amounts)
Number of Shares:
----------------
Average number of shares outstanding 25,766,376 25,687,816 25,552,397
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Income:
------
Income from continuing operations $ 65.7 $ 15.3 $ 11.9
Dividends on Preferred Stocks (8.0) (8.2) (8.3)
Income (loss) from discontinued operations 10.0 113.0 (21.3)
Cumulative effect of change in method of
accounting for post retirement benefits
other than pensions - - (286.5)
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Net income (loss) applicable to Common Stock $ 67.7 $ 120.1 $(304.2)
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Per Share Amounts:
-----------------
Continuing operations $ 2.24 $ .28 $ .14
Discontinued operations .39 4.40 (.83)
Cumulative effect of change in method of
accounting for post retirement benefits
other than pensions - - (11.21)
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Net income (loss) $ 2.63 $ 4.68 $ (11.90)
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FULLY DILUTED
Number of Shares:
----------------
Average number of common shares
outstanding 25,738,110 25,643,172 25,552,397
Effect of dilutive stock options -
based on the treasury method using
last day's market price, if higher
than average market price 28,758 44,713 - (A)
Average number of shares of Common
Stock issuable if Convertible Preferred
Stock was converted - (A) 1,999,800 - (A)
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Total average number of common and common
equivalent shares outstanding 25,766,868 27,687,685 25,552,397
========== ========== ==========
Income:
------
Income from continuing operations $ 65.7 $ 15.3 $ 11.9
Dividends on Preferred Stocks (8.0) (8.2) (8.3)
Restore dividend on Convertible
Preferred Stock - (A) 7.7 - (A)
Income (loss) from discontinued operations 10.0 113.0 (21.3)
Cumulative effect of change in method of
accounting for post retirement benefits
other than pensions - - (286.5)
------ ------ ------
Net income (loss) applicable to Common Stock $ 67.7 $ 127.8 $(304.2)
====== ====== ======
Per Share Amounts:
-----------------
Continuing operations $ 2.24 $ .53 $ .14
Discontinued operations .39 4.09 (.83)
Cumulative effect of change in method of
accounting for post retirement benefits
other than pensions - - (11.21)
------- ------- -------
Net income (loss) $ 2.63 $ 4.62 $ (11.90)
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<FN>
(A) Anti-Dilutive