Excel Communications Inc/New – ‘10-Q’ for 9/30/97 – EX-11

As of:  Friday, 11/14/97   ·   For:  9/30/97   ·   Accession #:  930661-97-2662   ·   File #:  1-13433

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      20    111K 
 2: EX-3.1      Certificate of Incorporation                           6     18K 
 3: EX-3.2      Amended and Restated Bylaws of Holdings               17     49K 
 4: EX-4.1      Specimen Certificate for Common Stock of Holdings      2     11K 
 5: EX-11       Computation of Net Income Per Share                    2      8K 
 6: EX-27       Financial Data Schedule                                2      9K 

EX-11   —   Computation of Net Income Per Share

EX-11
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                                                                      EXHIBIT 11
                                                                         PRIMARY
                                                                   (PAGE 1 OF 2)

EXCEL COMMUNICATIONS, INC. AND SUBSIDIARIES 
COMPUTATION OF NET INCOME PER SHARE 

(IN THOUSANDS, EXCEPT PER SHARE DATA) 
(UNAUDITED) 

                                                                [Download Table]

                                          THREE MONTHS ENDED  NINE MONTHS ENDED 
                                             SEPTEMBER 30,      SEPTEMBER 30,   
                                          ------------------- ------------------
                                            1997      1996      1997     1996   
                                          --------- --------- -------- ---------
                                                                                
PRIMARY                                                                         
Net income..............................  $  33,289 $  40,927 $ 40,170 $ 113,333
Adjustment of shares outstanding:                                               
Weighted average shares of common stock                                         
 outstanding............................    107,245   108,800  108,145   104,186
Employee stock plan shares and shares of                                        
 common stock issuable upon the assumed                                         
 exercise of stock options..............      1,853     2,125    1,739     1,745
                                          --------- --------- -------- ---------
Adjusted shares of common stock and                                             
 common stock equivalents for                                                   
 computation............................    109,098   110,925  109,884   105,931
                                          --------- --------- -------- ---------
Net income per share....................  $    0.31 $    0.37 $   0.37 $    1.07
                                          ========= ========= ======== =========

EX-11
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                                                                      EXHIBIT 11
                                                                   FULLY DILUTED
                                                                   (PAGE 2 OF 2)

EXCEL COMMUNICATIONS, INC. AND SUBSIDIARIES 
COMPUTATION OF NET INCOME PER SHARE 

(IN THOUSANDS, EXCEPT PER SHARE DATA) 
(UNAUDITED) 

                                                                [Download Table]

                                          THREE MONTHS ENDED  NINE MONTHS ENDED 
                                             SEPTEMBER 30,      SEPTEMBER 30,   
                                          ------------------- ------------------
                                            1997      1996      1997     1996   
                                          --------- --------- -------- ---------
                                                                                
ASSUMING FULL DILUTION                                                          
Net income..............................  $  33,289 $  40,927 $ 40,170 $ 113,333
Adjustment of shares outstanding:                                               
Weighted average shares of common stock                                         
 outstanding............................    107,245   108,800  108,145   104,186
Employee stock plan shares and shares of                                        
 common stock issuable upon the assumed                                         
 exercise of stock options..............      1,883     2,270    1,883     2,000
                                          --------- --------- -------- ---------
Adjusted shares of common stock and                                             
 common stock equivalents for                                                   
 computation............................    109,128   111,070  110,028   106,186
                                          --------- --------- -------- ---------
Net income per share....................  $    0.31 $    0.37 $   0.37 $    1.07
                                          ========= ========= ======== =========