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EXHIBIT 11
GENENCOR INTERNATIONAL, INC. AND SUBSIDIARIES
UNAUDITED STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
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<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Net income $ 4,753 $ (293) $ 25,984 $ 7,335
Less: Accrued dividends on preferred stock
(1,819) (1,819) (5,457) (5,457)
------------ ------------ ------------ ------------
Net income available to holders of common $ 2,934 $ (2,112) $ 20,527 $ 1,878
stock (a) ============ ============ ============ ============
Basic:
Weighted average shares of common stock
outstanding (b) 56,873,167 50,000,000 52,703,611 50,000,000
============ ============ ============ ============
Basic earnings per common share [(a)/(b)] $ 0.05 $ (0.04) $ 0.39 $ 0.04
============ ============ ============ ============
Diluted:
Weighted average shares of common stock
outstanding (c) 59,501,875 50,000,000 54,964,499 50,000,000
============ ============ ============ ============
Diluted earnings per common share [(a)/(c)] $ 0.05 $ (0.04) $ 0.37 $ 0.04
============ ============ ============ ============
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