EXHIBIT 11
Endo Pharmaceuticals Holdings Inc.
Statement Regarding Computation of Per Share Earnings
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<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
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2000 1999 2000 1999
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Numerator:
Net income (loss) available to
<S> <C> <C> <C> <C>
common stockholders $(136,548) $ 95 $ (153,534) $ (3,622)
Denominator:
For basic per share data -
weighted average shares 85,847,875 71,333,558 76,202,417 71,334,717
Effect of dilutive stock options - - - -
For diluted per share data 85,847,875 71,333,558 76,202,417 71,334,717
Basic earnings (loss) per share $(1.59) $(.00) $(2.01) $(.05)
Diluted earnings (loss) per share $(1.59) $(.00) $(2.01) $(.05)
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