Exhibit 11 BECTON, DICKINSON AND COMPANY COMPUTATION OF EARNINGS PER SHARE (All amounts in thousands, except per share data)
Three Months Ended December 31, PRIMARY EARNINGS PER SHARE 1995 1994 -------------------------- ---- ---- Net income $ 44,522 $ 33,544 Less preferred stock dividends (882) (909) ---------- ---------- Net income applicable to common stock $ 43,640 $ 32,635 ========== ========== Shares: Average shares outstanding 64,503 68,689 Add dilutive stock equivalents from stock plans 2,840 1,722 ---------- ---------- Weighted average number of common and common equivalent shares outstanding during the year 67,343 70,411 ========== ========== Earnings per share $ .65 $ .46 ========== ========== FULLY DILUTED EARNINGS PER SHARE -------------------------------- Net income applicable to common stock $ 43,640 $ 32,635 Add preferred stock dividends using the "if converted" method 882 909 Less additional ESOP contribution, using the "if converted" method (326) (359) ---------- ---------- Net income for fully diluted earnings per share $ 44,196 $ 33,185 ========== ========== Shares: Average shares outstanding 64,503 68,689 Add: Dilutive stock equivalents from stock plans 3,131 1,763 Shares issuable upon conversion of preferred stock 1,472 1,517 ---------- ---------- Weighted average number of common shares used in calculating fully diluted earnings per share 69,106 71,969 ========== ========== Fully diluted earnings per share $ .64 $ .46 ========== ==========
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