EXHIBIT 11-16
DTE ENERGY COMPANY
| Three | |||||||||
| Months | Six Months | ||||||||
| Ended | Ended | ||||||||
| June 30, 1999 | June 30, 1999 | ||||||||
| (Thousands, except per share | |||||||||
| amounts) | |||||||||
| BASIC: | |||||||||
| Net income | $ | 109,943 | $ | 225,085 | |||||
| Weighted average number of common shares outstanding(a) | 145,045 | 145,051 | |||||||
| Earnings per share of common stock based on weighted average number of shares outstanding | $ | 0.76 | $ | 1.55 | |||||
| DILUTED: | |||||||||
| Net income | $ | 109,943 | $ | 225,085 | |||||
| Weighted average number of common shares outstanding(a) | 145,045 | 145,051 | |||||||
| Incremental shares from assumed exercise of options | 120 | 117 | |||||||
| 145,165 | 145,168 | ||||||||
| Earnings per share of common stock assuming exercise of options | $ | 0.76 | $ | 1.55 | |||||
| (a) | Based on a daily average. |