EX-11.1 5 a2105284zex-11_1.htm EX 11.1
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Exhibit 11.1

WESTERN GAS RESOURCES, INC.
COMPUTATION OF PER SHARE EARNINGS
DECEMBER 31, 2002

 
  Weighted Average Shares Of Common Stock Outstanding
  Net
Income

  Earnings Per Share Of Common Stock
Net income       $ 50,589,000      

Weighted average shares of common stock outstanding

 

32,952,543

 

 

 

 

 

 

Less preferred stock dividends:

 

 

 

 

 

 

 

 
  $2.28 cumulative preferred stock         (1,265,053 )    
  Special dividend on redemption of $2.28 cumulative preferred stock         (688,000 )    
  $2.625 cumulative convertible preferred stock         (7,245,000 )    
   
 
     
    32,952,543   $ 41,390,947      
   
 
     

Basic earnings per share of common stock

 

 

 

 

 

 

$

1.26
             

Assume exercise of common stock equivalents (Anti-dilutive common stock equivalents are not used in this calculation)

 

655,017

 

 

 

 

 

 
    33,607,560   $ 41,390,947      
   
 
     

Fully diluted earnings per share of common stock

 

 

 

 

 

 

$

1.23
             



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