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Exhibit 11
HARRAH'S ENTERTAINMENT, INC.
COMPUTATIONS OF PER SHARE EARNINGS
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Third Quarter Ended Nine Months Ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Income before extraordinary
losses $ 71,980,000 $ 75,044,000 $ 149,942,000 $ 160,312,000
Extraordinary losses, net -- (410,000) (716,000) (11,033,000)
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Net income $ 71,980,000 $ 74,634,000 $ 149,226,000 $ 149,279,000
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BASIC EARNINGS PER SHARE
Weighted average number of common
shares outstanding 115,041,882 126,338,401 118,276,132 126,000,852
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BASIC EARNINGS PER COMMON SHARE
Income before extraordinary
losses $ 0.63 $ 0.59 $ 1.27 $ 1.27
Extraordinary losses, net -- -- (0.01) (0.09)
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Net income $ 0.63 $ 0.59 $ 1.26 $ 1.18
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DILUTED EARNINGS PER SHARE
Weighted average number of common
shares outstanding 115,041,882 126,338,401 118,276,132 126,000,852
Additional shares based on
average market price for
period applicable to:
Restricted stock 509,132 837,506 424,024 677,093
Stock options 1,802,627 2,179,568 1,287,920 1,591,365
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Average number of common and
common equivalent shares
outstanding 117,353,641 129,355,475 119,988,076 128,269,310
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DILUTED EARNINGS PER COMMON AND
COMMON EQUIVALENT SHARES
Income before extraordinary
losses $ 0.61 $ 0.58 $ 1.25 $ 1.25
Extraordinary losses, net -- -- (0.01) (0.09)
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Net income $ 0.61 $ 0.58 $ 1.24 $ 1.16
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