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EXHIBIT 11
THE GEON COMPANY AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
(IN MILLIONS, EXCEPT PER SHARE DATA)
PRIMARY EARNINGS PER SHARE:
1996 1995 1994
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Number of Shares:
Average shares outstanding 24.2 25.4 27.6
Net effect of dilutive stock options - based on the
treasury method using average market price .4 .5 .5
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Total common and common equivalent shares
outstanding 24.6 25.9 28.1
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Earnings per share:
Before extraordinary item and cumulative effect of
change in method of accounting $ .50 $ 1.24 $ 2.06
Extraordinary loss -- -- (.05)
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Net income $ .50 $ 1.24 $ 2.01
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Earnings per share for the years ended December 31, 1996, 1995 and 1994
were computed based on the weighted average number of shares of common stock
outstanding and common stock equivalents. The dilutive effect of options is
based on the treasury stock method using average market price for the period.
The market price of common stock on December 31, 1996 was below the
average for the year then ended. Therefore, a fully diluted earnings per share
calculation is not presented.