IVAX CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(In thousands, except per share data)
PERIOD ENDED JUNE 30, THREE MONTHS SIX MONTHS
1997 1996 1997 1996
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PRIMARY EARNINGS (LOSS) PER COMMON SHARE:
Income (loss) before extraordinary items $ (45,377) $ (13,931) $ (53,316) $ 21,965
Extraordinary items, net of tax (2,137) (2,072) (2,137) (2,073)
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Net income (loss) for primary computation $ (47,514) $ (16,003) $ (55,453) $ 19,892
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Average number of common and dilutive
common equivalent shares-primary 121,488 121,015 121,484 121,858
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Earnings (loss) before extraordinary items $ (.37) $ (.11) $ (.44) $ .18
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Net earnings (loss) $ (.39) $ (.13) $ (.46) $ .16
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FULLY DILUTED EARNINGS (LOSS) PER COMMON SHARE:
Income (loss) before extraordinary items $ (45,377) $ (13,931) $ (53,316) $ 21,965
Extraordinary items, net of tax (2,137) (2,072) (2,137) (2,073)
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Net income (loss) for fully diluted computation $ (47,514) $ (16,003) $ (55,453) $ 19,892
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Average number of common and dilutive
common equivalent shares-fully diluted 121,488 121,015 121,484 121,882
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Earnings (loss) before extraordinary items $ (.37) $ (.11) $ (.44) $ .18
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Net earnings (loss) $ (.39) $ (.13) $ (.46) $ .16
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AVERAGE NUMBER OF COMMON SHARES AND
DILUTIVE COMMON SHARES EQUIVALENTS
Primary shares:
Average number of common shares outstanding 121,488 121,015 121,484 120,423
Incremental shares for options and warrants - - - 1,435
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121,488 121,015 121,484 121,858
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Fully diluted shares:
Average number of common shares outstanding 121,488 121,015 121,484 120,423
Incremental shares for options and warrants - - - 1,459
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121,488 121,015 121,484 121,882
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