Exhibit 11 BECTON, DICKINSON AND COMPANY COMPUTATION OF EARNINGS PER SHARE (All amounts in thousands, except per share data)
Six Months Ended March 31, ------------------------- PRIMARY EARNINGS PER SHARE 1995 1994 - -------------------------- ----------- ----------- Net income $ 98,473 $ 82,789 Less preferred stock dividends (1,812) (1,877) -------- -------- Net income applicable to common stock $ 96,661 $ 80,912 ======== ======== Shares: Average shares outstanding 67,938 73,165 Add dilutive stock equivalents from stock plans 1,859 983 -------- -------- Weighted average number of common and common equivalent shares outstanding during the year 69,797 74,148 ======== ======== Earnings per share $ 1.38 $ 1.09 ======== ======== FULLY DILUTED EARNINGS PER SHARE - -------------------------------- Net income applicable to common stock $ 96,661 $ 80,912 Add preferred stock dividends using the "if converted" method 1,812 1,877 Less additional ESOP contribution, using the "if converted" method (716) (767) -------- -------- Net income for fully diluted earnings per share $ 97,757 $ 82,022 ======== ======== Shares: Average shares outstanding 67,938 73,165 Add: Dilutive stock equivalents from stock plans 2,169 1,032 Shares issuable upon conversion of preferred stock 1,506 1,557 -------- -------- Weighted average number of common shares used in calculating fully diluted earnings per share 71,613 75,754 ======== ======== Fully diluted earnings per share $ 1.37 $ 1.08 ======== ========