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Previous: DONALDSON LUFKIN & JENRETTE INC /NY/, 10-Q, EX-11, 2000-08-14 |
Next: DONALDSON LUFKIN & JENRETTE INC /NY/, 10-Q, EX-12, 2000-08-14 |
EXHIBIT 11.1
DONALDSON, LUFKIN & JENRETTE, INC. & SUBSIDIARIES
Computation of Diluted Earnings Per Share
(In thousands, except per share amounts)
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
------------ ----------- ------------ --------
DLJ Common Stock
----------------
Weighted Average Common Shares:
<S> <C> <C> <C> <C>
Average Common Shares Outstanding 127,669 125,409 127,260 124,625
Average Restricted Stock Units Outstanding 52 1,104 237 1,272
Average Common Shares Issuable Under
Employee Benefit Plans 9,546 13,887 10,339 13,416
---------- ---------- ---------- ----------
Weighted Average Common Shares Outstanding 137,267 140,400 137,836 139,313
========== ========== ========== ==========
Earnings:
Net Income $ 162,200 $ 165,650 $ 407,400 $ 287,300
Less: Preferred Stock Dividend Requirement 5,289 5,289 10,578 10,578
Earnings (Loss) Applicable to Common
Shares-DLJdirect (1,185) 49 1,252 49
---------- ---------- ---------- ----------
Earnings Applicable to Common Shares $ 158,096 $ 160,312 $ 395,570 $ 276,673
========== ========== ========== ==========
Diluted Earnings Per Common Share $ 1.15 $ 1.14 $ 2.87 $ 1.99
========== ========== ========== ==========
DLJdirect Common Stock
----------------------
Weighted Average Common Shares:
Average Common Shares Outstanding 18,400 18,400 18,400 18,400
Average Common Shares Issuable Under
Employee Benefit Plans 0 2,023 1 2,023
---------- ---------- ---------- ----------
Weighted Average Common Shares Outstanding 18,400 20,423 18,401 20,423
========== ========== ========== ==========
Earnings Applicable to Common Shares $ (1,185) $ 49 $ 1,252 $ 49
========== ========== ========== ==========
Diluted Earnings Per Common Share $ (0.06) $ 0.00 $ 0.07 $ 0.00
========== ========== ========== ==========
</TABLE>
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