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 1997 1996 -------------------------- -------- -------- Net Income $210,927 $196,479 Less preferred stock dividends (2,549) (2,613) -------- -------- Net income applicable to common stock $208,378 $193,866 ======== ======== Shares: Average shares outstanding 122,653 127,516 Add dilutive stock equivalents from stock plans 6,420 6,142 -------- -------- Weighted average number of common and common equivalent shares outstanding during the year 129,073 133,658 ======== ======== Earnings per share $1.61 $1.45 ======== ======== FULLY DILUTED EARNINGS PER SHARE -------------------------------- Net income applicable to common stock $208,378 $193,866 Add preferred stock dividends using the "if converted" method 2,549 2,613 Less additional ESOP contribution, using the "if converted" method (855) (963) -------- -------- Net income for fully diluted earnings per share $210,072 $195,516 ======== ======== Shares: Average shares outstanding 122,653 127,516 Add: Dilutive stock equivalents from stock plans 7,044 6,338 Shares issuable upon conversion of preferred stock 2,796 2,892 -------- -------- Weighted average number of common shares used in calculating fully diluted earnings per share 132,493 136,746 ======== ======== Fully diluted earnings per share $1.59 $1.43 ======== ========