BECTON, DICKINSON AND COMPANY Exhibit 11 COMPUTATION OF EARNINGS PER SHARE (All amounts in thousands, except per share data)
Six Months Ended March 31, ------------------ PRIMARY EARNINGS PER SHARE 1996 1995 - -------------------------- -------- ------- Net income $119,312 $98,473 Less preferred stock dividends (1,759) (1,812) -------- ------- Net income applicable to common stock $117,553 $96,661 ======== ======= Shares: Average shares outstanding 64,194 67,938 Add dilutive stock equivalents from stock plans 3,073 1,859 -------- ------- Weighted average number of common and common equivalent shares outstanding during the year 67,267 69,797 ======== ======= Earnings per share $ 1.75 $ 1.38 ======== ======= FULLY DILUTED EARNINGS PER SHARE - -------------------------------- Net income applicable to common stock $117,553 $96,661 Add preferred stock dividends using the "if converted" method 1,759 1,812 Less additional ESOP contribution, using the "if converted" method (651) (716) -------- ------- Net income for fully diluted earnings per share $118,661 $97,757 ======== ======= Shares: Average shares outstanding 64,194 67,938 Add: Dilutive stock equivalents from stock plans 3,296 2,169 Shares issuable upon conversion of preferred stock 1,461 1,506 -------- ------- Weighted average number of common shares used in calculating fully diluted earnings per share 68,951 71,613 ======== ======= Fully diluted earnings per share $ 1.72 $ 1.37 ======== =======