Exhibit 11 BECTON, DICKINSON AND COMPANY COMPUTATION OF EARNINGS PER SHARE (All amounts in thousands, except per share data)
Nine Months Ended June 30, ------------------------------- PRIMARY EARNINGS PER SHARE 1995 1994 - -------------------------- --------------- -------------- Net income $ 165,123 $ 140,863 Less preferred stock dividends (2,706) (2,795) ------------- ------------- Net income applicable to common stock $ 162,417 $ 138,068 ============= ============= Shares: Average shares outstanding 67,557 72,658 Add dilutive stock equivalents from stock plans 2,046 990 ------------- ------------- Weighted average number of common and common equivalent shares outstanding during the year 69,603 73,648 ============= ============= Earnings per share $ 2.33 $ 1.87 ============= ============= FULLY DILUTED EARNINGS PER SHARE - -------------------------------- Net income applicable to common stock $ 162,417 $ 138,068 Add preferred stock dividends using the "if converted" method 2,706 2,795 Less additional ESOP contribution, using the "if converted" method (1,068) (1,159) ------------- ------------- Net income for fully diluted earnings per share $ 164,055 $ 139,704 ============= ============= Shares: Average shares outstanding 67,557 72,658 Add: Dilutive stock equivalents from stock plans 2,484 1,369 Shares issuable upon conversion of preferred stock 1,495 1,538 ------------- ------------- Weighted average number of common shares used in calculating fully diluted earnings per share 71,536 75,565 ============= ============= Fully diluted earnings per share $ 2.29 $ 1.85 ============= =============