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EXHIBIT 11
GENENCOR INTERNATIONAL, INC. AND SUBSIDIARIES
UNAUDITED STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
<TABLE>
<CAPTION>
Three months ended June 30, Six months ended June 30,
--------------------------- -------------------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Net income $ 4,688 $ 2,553 $ 21,231 $ 7,628
Less: Accrued dividends
on preferred stock
(1,819) (1,819) (3,638) (3,638)
------------ ------------ ------------ ------------
Net income available to
holders of common
stock (a) $ 2,869 $ 734 $ 17,593 $ 3,990
============ ============ ============ ============
Basic:
Weighted average shares
of common stock
outstanding (b) 51,237,667 50,000,000 50,618,833 50,000,000
Basic earnings per common
share [(a)/(b)] $ 0.06 $ 0.01 $ 0.35 $ 0.08
============ ============ ============ ============
Diluted:
Weighted average shares
of common stock
outstanding (c) 53,574,886 50,000,000 52,695,810 50,000,000
Diluted earnings per common
share [(a)/(c)] $ 0.05 $ 0.01 $ 0.33 $ 0.08
============ ============ ============ ============
</TABLE>
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