EX-11 4 ex11.txt STATEMENT RE SHARE EARNINGS EXHIBIT (11) NORTHWEST NATURAL GAS COMPANY Statement Re: Computation of Per Share Earnings (Thousands, except per share amounts) (Unaudited)
12 Months Ended December 31, ------------------------------------- 2002 2001 2000 ------------------------------------- Earnings Applicable to Common Stock $ 41,512 $ 47,786 $ 47,768 Debenture Interest Less Taxes 285 370 389 ---------- --------- --------- Net Income Available for Diluted Common Stock $ 41,797 $ 48,156 $ 48,157 ========== ========= ========= Average Common Shares Outstanding 25,431 25,159 25,183 Stock Options 59 32 13 Convertible Debentures 324 421 442 ---------- --------- --------- Diluted Common Shares 25,814 25,612 25,638 ========== ========= ========= Diluted Earnings per Share of Common Stock $1.62 $1.88 $1.88 ========== ========= =========