EXHIBIT 11
KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF EARNINGS (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE(1)
(In millions of dollars, except per share amounts)
Quarter Ended
March 31,
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1996 1995
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Earnings:
Net income $ 9.9 $ 3.5
Dividends on preferred stock:
Series A Mandatory Conversion Premium Dividend Preferred Stock (3.2)
PRIDES (2.1) (2.1)
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Net income (loss) available to common shareholders $ 7.8 $ (1.8)
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Shares (000):
Weighted average common shares outstanding 71,641 58,205
Assuming exercise of nonqualified stock options 254
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Weighted average common and common equivalent shares 71,895 58,205
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Earnings (loss) per common and common equivalent share $ .11 $ (.03)
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(1) See Note 3 of Notes to Interim Consolidated Financial Statements.
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