PROMEDCO MANAGEMENT COMPANY
EXHIBIT 11
Computation of Per Share Earnings
(All amounts are expressed in thousands, except for earnings per share)
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC
Weighted average shares outstanding 22,097 20,532 22,090 20,787
Contingently issuable shares in business
combinations - 335 - 376
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Number of common shares outstanding 22,097 20,867 22,090 21,163
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DILUTED
Weighted average shares outstanding 22,097 20,532 22,090 20,787
Contingently issuable shares in business
combinations - 335 - 376
Net common shares issuable on exercise of certain
stock options and warrants (1) 395 1,587 909 1,670
Net common shares issuable on conversion of
preferred stock(2) - - 1,769 -
Other dilutive securities(2) - 118 78 119
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Number of common shares outstanding 22,492 22,572 24,846 22,952
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Net income (loss) available to common stockholders $ 10 $ 3,962 $ 3,003 $ 7,696
Dividends earned assuming conversion of preferred
stock - - 122 -
Interest expense, net of tax assuming conversion of
convertible subordinated notes payable 67 6 134
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$ 10 $ 4,029 $ 3,131 $ 7,830
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</TABLE>
(1) Net common shares issuable on exercise of certain stock options and
warrants are calculated based on the treasury stock method to the extent
the individual options and warrants are not anti-dilutive.
(2) Redeemable convertible preferred stock and other dilutive securities are
calculated based on the if-converted method to the extent that the
securities are not anti-dilutive.
