1
THE B.F.GOODRICH COMPANY AND SUBSIDIARIES
EXHIBIT 11 - STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
Year Ended
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1996 1995 1994
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(Dollars in millions, except per share amounts)
PRIMARY
Number of Shares:
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Average number of shares outstanding (including
common stock equivalent shares outstanding) 53,979,757 52,339,140 51,532,752
Income:
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Income from continuing operations $ 106.2 $ 110.3 $ 58.2
Income from discontinued operations 45.5 7.7 17.5
Dividends on Preferred Stocks - (4.4) (8.0)
Premium on Preferred Stocks redeeemed - (1.2) -
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Net income applicable to Common Stock $ 151.7 $ 112.4 $ 67.7
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Per Share Amounts:
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Continuing operations $ 1.97 $ 2.00 $ 0.97
Discontinued operations 0.84 0.15 0.34
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Net income $ 2.81 $ 2.15 $ 1.31
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FULLY DILUTED
Number of Shares:
-----------------
Average number of common shares
outstanding 53,363,363 51,999,448 51,476,220
Effect of dilutive stock options -
based on the treasury method using
last day's market price, if higher
than average market price 647,852 620,796 57,516
Average number of shares of Common
Stock issuable if Convertible Preferred
Stock was converted - - (A) - (A)
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Total average number of common and common
equivalent shares outstanding 54,011,215 52,620,244 51,533,736
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Income:
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Income from continuing operations $ 106.2 $ 110.3 $ 58.2
Income from discontinued operations 45.5 7.7 17.5
Dividends on Preferred Stocks - (4.4) (8.0)
Restore dividend on Convertible
Preferred Stock - - (A) - (A)
Premium on Preferred Stocks redeemed - (1.2) -
Restore premium on Preferred Stocks redeemed - - (A) -
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Net income applicable to Common Stock $ 151.7 $ 112.4 $ 67.7
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Per Share Amounts:
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Continuing operations $ 1.97 $ 1.99 $ 0.97
Discontinued operations 0.84 0.15 0.34
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Net income $ 2.81 $ 2.14 $ 1.31
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(A) Anti-Dilutive