EX-11 9 a2062633zex-11.txt EXHIBIT 11 Exhibit 11 HARRAH'S ENTERTAINMENT, INC. COMPUTATIONS OF PER SHARE EARNINGS
Third Quarter Ended Nine Months Ended Sept 30, Sept 30, Sept 30, Sept 30, 2001 2000 2001 2000 ------------- ------------- ------------- ------------- Income before extraordinary losses $ 61,817,000 $ 71,980,000 $ 153,891,000 $ 149,942,000 Extraordinary gain (losses), net 106,000 -- (25,000) (716,000) ------------- ------------- ------------- ------------- Net income $ 61,923,000 $ 71,980,000 $ 153,866,000 $ 149,226,000 ============= ============= ============= ============= BASIC EARNINGS PER SHARE Weighted average number of common shares outstanding 113,241,429 115,041,882 114,610,333 118,276,132 ============= ============= ============= ============= BASIC EARNINGS PER COMMON SHARE Income before extraordinary losses $ 0.55 $ 0.63 $ 1.34 $ 1.27 Extraordinary losses, net -- -- -- (0.01) ------------- ------------- ------------- ------------- Net income $ 0.55 $ 0.63 $ 1.34 $ 1.26 ============= ============= ============= ============= DILUTED EARNINGS PER SHARE Weighted average number of common shares outstanding 113,241,429 115,041,882 114,610,333 118,276,132 Additional shares based on average market price for period applicable to: Restricted stock 655,982 509,132 661,853 424,024 Stock options 1,182,938 1,802,627 1,517,082 1,287,920 ------------- ------------- ------------- ------------- Average number of common and common equivalent shares outstanding 115,080,349 117,353,641 116,789,268 119,988,076 ============= ============= ============= ============= DILUTED EARNINGS PER COMMON AND COMMON EQUIVALENT SHARES Income before extraordinary losses $ 0.54 $ 0.61 $ 1.32 $ 1.25 Extraordinary losses, net -- -- -- (0.01) ------------- ------------- ------------- ------------- Net income $ 0.54 $ 0.61 $ 1.32 $ 1.24 ============= ============= ============= =============