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EXHIBIT 11. STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Eli Lilly and Company and Subsidiaries
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Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
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(Dollars and shares in millions except per-share data)
<S> <C> <C> <C> <C>
BASIC
Net income....................................................... $ 666.2 $ 576.4 $1,511.7 $1,202.1
Preferred stock dividends........................................ - - - (.1)
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Adjusted net income.............................................. $ 666.2 $ 576.4 $1,511.7 $1,202.0
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Average number of common shares outstanding...................... 1,081.3 1,090.4 1,082.4 1,091.3
Contingently issuable shares..................................... - - .3 .5
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Adjusted average shares.......................................... 1,081.3 1,090.4 1,082.7 1,091.8
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Basic earnings per share......................................... $ .62 $ .53 $ 1.40 $ 1.10
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DILUTED
Net income....................................................... $ 666.2 $ 576.4 $1,511.7 $1,202.1
Preferred stock dividends........................................ - - - (.1)
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Adjusted net income.............................................. $ 666.2 $ 576.4 $1,511.7 $1,202.0
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Average number of common shares outstanding...................... 1,081.3 1,090.4 1,082.4 1,091.3
Incremental shares - stock options and contingently
Issuable shares................................................ 15.2 17.7 14.5 20.2
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Adjusted average shares.......................................... 1,096.5 1,108.1 1,096.9 1,111.5
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Diluted earnings per share....................................... $ .61 $ .52 $ 1.38 $ 1.08
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