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EXHIBIT 11
CREDIT SUISSE FIRST BOSTON (USA), INC. AND SUBSIDIARIES
(Formerly Donaldson, Lufkin & Jenrette, Inc. and Subsidiaries)
Computation of Basic Earnings Per Share
(In thousands, except per share amounts)
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Three Months Ended Nine Months Ended
September 30, September 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
CSFB (USA) COMMON STOCK
Weighted Average Common Shares:
Average Common Shares Outstanding 129,704 125,835 128,229 125,053
Average Restricted Stock Units Outstanding 158 158 158 158
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Weighted Average Common Shares Outstanding 129,862 125,993 128,387 125,211
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Earnings:
Net Income $ 49,800 $ 122,200 $ 457,200 $ 409,500
Less: Preferred Stock Dividend Requirement 5,289 5,289 15,867 15,867
Earnings (Loss) Applicable to Common
Shares-DLJdirect (745) (596) 507 (547)
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Earnings Applicable to Common Shares $ 45,256 $ 117,507 $ 440,826 $ 394,180
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Basic Earnings Per Common Share $ 0.35 $ 0.93 $ 3.43 $ 3.15
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DLJdirect COMMON STOCK
Weighted Average Common Shares:
Average Common Shares Outstanding 18,400 18,400 18,400 18,400
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Earnings Applicable to Common Shares $ (745) $ (596) $ 507 $ (547)
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Basic Earnings Per Common Share $ (0.04) $ (0.03) $ 0.03 $ (0.03)
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