EXHIBIT 11 QWEST COMMUNICATIONS INTERNATIONAL INC. AND SUBSIDIARIES COMPUTATION OF PER SHARE INCOME (LOSS) (AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) ================================================================================ Three Months Ended Nine Months Ended September 30, September 30, -------------------- -------------------- 1997 1996 1997 1996 --------- -------- -------- --------- Net income (loss) to common stockholders $ 12,651 $ 3,454 $ 2,263 $ (8,901) Total weighted average number of shares of common stock outstanding: Weighted average number of shares of common stock outstanding 105,812 86,500 93,945 86,500 Common stock issuable under Growth Share Plan - 1,658 - 1,658 --------- -------- -------- --------- Total weighted average number of shares of common stock outstanding 105,812 88,158 93,945 88,158 Net income (loss) per share $ 0.12 $ 0.04 $ 0.02 $ (0.10)