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EXHIBIT 11. STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
ELI LILLY AND COMPANY AND SUBSIDIARIES
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<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 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............................................................ $ 778.8 $ 732.6 $2,290.5 $1,934.7
Preferred stock dividends............................................. - - - (.1)
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Adjusted net income................................................... $ 778.8 $ 732.6 $2,290.5 $1,934.6
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Average number of common shares outstanding........................... 1,081.0 1,084.1 1,081.9 1,088.9
Contingently issuable shares.......................................... - - .2 .4
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Adjusted average shares............................................... 1,081.0 1,084.1 1,082.1 1,089.3
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Basic earnings per share.............................................. $ .72 $ .68 $ 2.12 $ 1.78
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DILUTED
Net income............................................................ $ 778.8 $ 732.6 $2,290.5 $1,934.7
Preferred stock dividends............................................. - - - (.1)
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Adjusted net income................................................... $ 778.8 $ 732.6 $2,290.5 $1,934.6
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Average number of common shares outstanding........................... 1,081.0 1,084.1 1,081.9 1,088.9
Incremental shares - stock options and contingently
issuable shares..................................................... 16.5 16.3 16.0 19.1
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Adjusted average shares............................................... 1,097.5 1,100.4 1,097.9 1,108.0
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Diluted earnings per share............................................ $ .71 $ .67 $ 2.09 $ 1.75
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