EX-11 4 d92004ex11.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE (In thousands of dollars, except per share data)
Nine Months Ended September 30, ------------------------------- 2001 2000 ------------ ------------ Numerator: Net income (loss) $ (778,427) $ 440,760 Effect of dilutive securities: Convertible debt - 2.625% issued in 1998 7,019* 7,358 Convertible debt - 1.5% issued in 1999 6,975* 7,313 LYONS - 1996 issue (225)* (364) LYONS - 1998 issue 3,426* 3,427 Less: Anti-dilutive items 17,195 -- ------------ ------------ Numerator for net income (loss) per common share - diluted $ (778,427) $ 458,494 ------------ ------------ Denominator: Weighted average common shares 590,015 370,099 Effect of dilutive securities: Stock options and common stock warrants 14,063* 10,063 Convertible debt - 2.625% issued in 1998 9,282* 9,282 Convertible debt - 1.5% issued in 1999 9,454* 9,454 LYONS - 1996 issue 2,324* 3,871 LYONS - 1998 issue 3,085* 3,085 Less: Anti-dilutive items 38,208 -- ------------ ------------ Denominator for net income per common share - diluted 590,015 405,854 ------------ ------------ Net income (loss) per common share: Basic $ (1.32) $ 1.19 ------------ ------------ Diluted $ (1.32) $ 1.13 ------------ ------------
* Denotes items that are anti-dilutive to the calculation of earnings per share.