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Previous: DONALDSON LUFKIN & JENRETTE INC /NY/, 10-Q, 2000-08-14 |
Next: DONALDSON LUFKIN & JENRETTE INC /NY/, 10-Q, EX-11.1, 2000-08-14 |
EXHIBIT 11
DONALDSON, LUFKIN & JENRETTE, INC. & SUBSIDIARIES
Computation of Basic 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
----------------
<S> <C> <C> <C> <C>
Weighted Average Common Shares:
Average Common Shares Outstanding 127,668 125,409 127,260 124,625
Average Restricted Stock Units Outstanding 158 158 158 158
------------- ------------- ----------- -----------
Weighted Average Common Shares Outstanding 127,826 125,567 127,418 124,783
============= ============= =========== ===========
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
============= ============= =========== ===========
Basic Earnings Per Common Share $ 1.24 $ 1.28 $ 3.10 $ 2.22
============= ============= =========== ===========
DLJdirect Common Stock
----------------------
Weighted Average Common Shares:
Average Common Shares Outstanding 18,400 18,400 18,400 18,400
============= ============= ============ ===========
Earnings Applicable to Common Shares $ (1,185) $ 49 $ 1,252 $ 49
============= ============= =========== ===========
Basic Earnings Per Common Share $ (0.06) $ 0.00 $ 0.07 $ 0.00
============= ============= =========== ===========
</TABLE>
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