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Exhibit 11 Omnicare, Inc. and Subsidiary Companies
Computation of Earnings Per Common Share
(in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
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1996 1995 1996 1995
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Primary Earnings
Net income $10,396 $ 4,896 $18,525 $10,147
Aftertax expense related to preferred
stock dividend payable to minority
interest in subsidiary 2 3 5 6
Minority interest in net income of
subsidiary (24) (6) (33) (10)
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Net income as adjusted $10,374 $ 4,893 $18,497 $10,143
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Shares
Weighted average number of common
shares outstanding 65,123 52,460 59,425 52,200
Additional shares assuming conversion of:
Stock options and stock warrants 2,218 1,220 2,170 1,244
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Average common shares outstanding and
equivalent as adjusted 67,341 53,680 61,595 53,444
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Primary earnings per common share $ 0.15 $ 0.09 $ 0.30 $ 0.19
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Fully Diluted Earnings
Net income $10,396 $ 4,896 $18,525 $10,147
Aftertax expense related to preferred stock
dividend payable to minority interest in
subsidiary 2 3 5 6
Minority interest in net income of
subsidiary (24) (6) (33) (10)
Aftertax interest expense related to 5 3/4%
convertible subordinated debentures 755 802 1,553 1,605
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Net income as adjusted $11,129 $ 5,695 $20,050 $11,748
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Shares
Weighted average number of common
shares outstanding 65,123 52,460 59,425 52,200
Additional shares assuming conversion of:
Stock options and stock warrants 2,218 1,402 2,239 1,430
Convertible subordinated debentures 10,484 11,150 10,798 11,150
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Average common shares outstanding and
equivalents as adjusted 77,825 65,012 72,462 64,780
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Fully diluted earnings per common share $ 0.14 $ 0.09 $ 0.28 $ 0.18
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