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Ralston Purina Co – ‘10-K’ for 9/30/95 – EX-11

As of:  Wednesday, 12/20/95   ·   For:  9/30/95   ·   Accession #:  81870-95-75   ·   File #:  1-04582

Previous ‘10-K’:  ‘10-K’ on 12/29/94 for 9/30/94   ·   Next:  ‘10-K’ on 12/16/96 for 9/30/96   ·   Latest:  ‘10-K’ on 12/21/00 for 9/30/00

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  As Of                Filer                Filing    For·On·As Docs:Size

12/20/95  Ralston Purina Co                 10-K        9/30/95   16:202K

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         20±    96K 
 2: EX-3        Articles of Incorporation/Organization or By-Laws      7±    34K 
10: EX-10.VIV   Material Contract                                      5±    22K 
 3: EX-10.XII   Material Contract                                      9±    34K 
 4: EX-10.XIII  Material Contract                                     12±    46K 
 5: EX-10.XIV   Material Contract                                      4±    19K 
 6: EX-10.XV    Material Contract                                      4±    18K 
 7: EX-10.XVI   Material Contract                                      4±    19K 
 8: EX-10.XVII  Material Contract                                      5±    25K 
 9: EX-10.XVIII  Material Contract                                     3±    14K 
11: EX-10.XX    Material Contract                                      7±    32K 
12: EX-11       Statement re: Computation of Earnings Per Share        5±    29K 
13: EX-13       Annual or Quarterly Report to Security Holders         5±    31K 
14: EX-21       Subsidiaries of the Registrant                         4±    19K 
15: EX-23       Consent of Experts or Counsel                          1      7K 
16: EX-27       Financial Data Schedule (Pre-XBRL)                     1      9K 


EX-11   —   Statement re: Computation of Earnings Per Share



[Enlarge/Download Table] EXHIBIT 11 RALSTON PURINA COMPANY COMPUTATION OF PRO FORMA EARNINGS PER SHARE ASSUMING ONE CLASS OF COMMON STOCK (in millions except per share data) Year Ended September 30, 1995 1994 PRO FORMA EARNINGS PER COMMON SHARE Earnings before extraordinary item $300.1 $218.4 Dividend on Series A ESOP convertible preferred stock, net of tax (18.8) (20.2) ---------- --------- 281.31 98.2 Extraordinary item (3.7) (9.5) ---------- --------- Net earnings $277.6 $188.7 ========== ========= Weighted average shares - primary earnings per share calculation 101.9 * 102.4* ========== ========= Earnings per common share outstanding Earnings before extraordinary item $2.76 $1.93 Extraordinary item (0.04) (0.09) ---------- --------- Net earnings $2.72 $1.84 ========== ========= PRO FORMA EARNINGS PER SHARE ASSUMING FULL DILUTION Earnings before extraordinary item $300.1 $218.4 Adjustments to net earnings to reflect assumed ESOP preferred stock conversion (6.1) (6.9) ---------- -------- 294.02 11.5 Extraordinary item (3.7) (9.5) ---------- -------- Net earnings for fully diluted earnings per share calculation $290.3 $202.0 ========= ======== Weighted average number of common shares outstanding 101.9 * 102.4 * Convertible preferred stock 7.2 9.7 Dilutive effect of stock options 1.3 0.2 Shares issuable on conversion of debentures 0.1 Dilutive effect of deferred compensation awards 0.2 0.1 ---------- --------- Weighted average shares - fully diluted earnings per share calculation 110.61 112.5 Earnings per share assuming full dilution Earnings before extraordinary item $2.66 $1.88 Extraordinary item (0.03) (0.08) ---------- --------- Net earnings $2.63 $1.80 ========== ========= *Excludes 4,135,000 and 4,033,000 shares held in Grantor Trust at September 30, 1995 and 1994, respectively. [Enlarge/Download Table] EXHIBIT 11 RALSTON PURINA COMPANY COMPUTATION OF EARNINGS PER SHARE (in millions except per share data) Year Ended September 30, 1995 1994 EARNINGS PER COMMON SHARE OUTSTANDING Earnings before extraordinary item $308.1 $231.1 Dividend on Series A ESOP convertible preferred stock, net of tax (17.6) (18.4) --------- --------- 290.5 212.7 Extraordinary item (3.7) (7.9) --------- --------- Net earnings $286.8 $204.8 ========= ========= Weighted average shares - primary earnings per share calculation 100.7 ** 100.5 ** ==================== Earnings per common share outstanding Earnings before extraordinary item $2.89 $2.12 Extraordinary item (0.04) (0.08) -------------------- Net earnings $2.85 $2.04 ==================== EARNINGS PER SHARE ASSUMING FULL DILUTION * Earnings before extraordinary item $308.1 $231.1 Adjustments to net earnings to reflect assumed ESOP preferred stock conversion (5.2) (5.0) --------- --------- 302.9 226.1 Extraordinary item (3.7) (7.9) --------- --------- Net earnings for fully diluted earnings per share calculation $299.2 $218.2 ========= ========= Weighted average number of common shares outstanding 100.7 ** 100.5 ** Convertible preferred stock 7.2 9.6 Dilutive effect of stock options 1.3 0.2 Shares issuable on conversion of debentures 0.1 Dilutive effect of deferred compensation awards 0.2 0.1 ---------- --------- Weighted average shares - fully diluted earnings per share calculation 109.4 110.5 ========== ========= Earnings per share assuming full dilution Earnings before extraordinary item $2.77 $2.05 Extraordinary item (0.03) (0.07) -------------------- Net earnings $2.74 $1.98 ==================== *Based on RPG Group earnings through May 15, 1995 and consolidated Ralston earnings thereafter **Excludes 4,135,000 and 4,033,000 shares held in Grantor Trust at September 30, 1995 and 1994, respectively. [Enlarge/Download Table] EXHIBIT 11 CONTINENTAL BAKING GROUP COMPUTATION OF EARNINGS PER SHARE (in millions except per share data) 34 Weeks 52 Weeks Ended May 15, Sept. 24, 1995 1994 LOSS PER COMMON SHARE Loss before extraordinary item ($15.5) ($25.8) Dividend on Series A ESOP convertible preferred stock, net of tax (1.2) (1.8) -------- -------- (16.7) (27.6) ======== ======== Extraordinary item(1.6) -------- -------- Net loss ($16.7) ($29.2) ======== ======== Weighted average number of shares outstanding 20.6 20.5 Shares issuable with respect to RPG Group's retained interest in the CBG Group 16.7 16.8 -------- -------- Weighted average shares - primary earnings per share calculation 37.3 37.3 ======== ======== Loss per common share outstanding Loss before extraordinary item ($0.45) ($0.74) Extraordinary item (0.04) -------- --------- Net loss ($0.45) ($0.78) ======== ========= LOSS PER SHARE ASSUMING FULL DILUTION Loss before extraordinary item ($15.5) ($25.8) Adjustments to net loss to reflect assumed ESOP preferred stock conversion (1.8) (3.1) -------- -------- (17.3) (28.9) Extraordinary item (1.6) -------- -------- Net loss for fully diluted earnings per share calculation ($17.3) ($30.5) ======== ======== Weighted average number of common 20.6 20.5 shares outstanding Shares issuable with respect to RPG Group's retained interest in the CBG Group 16.7 16.8 Convertible preferred stock 1.7 1.7 Dilutive effect of deferred compensation awards 0.1 -------- ------- Weighted average shares - fully diluted earnings per share calculation 39.1 39.0 ======== ======== Loss per share assuming full dilution Loss before extraordinary item ($0.44) ($0.74) Extraordinary item (0.04) --------- --------- Net loss ($0.44)* ($0.78) ========= ========= * Due to anti-dilution as computed above for the 34 weeks ended May 15, 1995, fully diluted earnings per share as reported on the statement of earnings is revised to exclude anti-dilutive securities from the computation.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:12/20/95
For Period End:9/30/95PRE 14A
5/15/95
9/30/9410-K
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Filing Submission 0000081870-95-000075   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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