EXHIBIT 11
HOST MARRIOTT CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF EARNINGS (LOSS) PER COMMON SHARE
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
Twelve Weeks Ended Thirty-six Weeks Ended
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September 9, September 10, September 9, September 10,
1994 1993 1994 1993
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Net income (loss).................................... $ 8 $ 27 $ (10) $ 80
Less: Dividends on convertible preferred stock...... - (4) -- (12)
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Net income (loss) available for common shareholders.. $ 8 $ 23 $ (10) $ 68
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Primary Earnings (Loss) Per Common Share
- - ----------------------------------------
Shares:
Weighted average number of common shares outstanding............. 152.7 102.8 151.2 102.2
Assuming distribution of common shares issuable for
warrants in 1994 and granted under comprehensive
stock plan, less shares assumed purchased at
average market (2)............................................ 8.4 7.0 -- 6.9
Assuming distribution of common shares reserved under
employee stock purchase plan, based on withholdings
to date, less shares assumed purchased at average market (2).. -- .1 -- .2
----- ----- ----- -----
161.1 109.9 151.2 109.3
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Primary Earnings (Loss) Per Common Share........................... $ .05 $ .21 $ (.07) $ .63
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Fully Diluted Earnings (Loss) Per Common Share
- - ----------------------------------------------
Shares:
Weighted average number of common shares outstanding.... 152.7 102.8 151.2 102.2
Assuming distribution of common shares issuable for
warrants in 1994 and granted under comprehensive
stock plan, less shares assumed purchased at
higher of average or ending market (2)............... 8.8 7.2 -- 7.4
Assuming distribution of common shares reserved under
employee stock purchase plan, based on withholdings
to date, less shares assumed purchased at higher of
average or ending market (2)......................... -- .1 -- .2
Assuming issuance of common shares upon conversion of
convertible subordinated debt (1).................... -- -- -- --
Assuming issuance of common shares upon conversion of
convertible preferred stock (1)...................... 4.9 -- -- --
----- ----- ----- -----
166.4 110.1 151.2 109.8
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Fully Diluted Earnings (Loss) Per Common Share............ $ .05 $ .21 $ (.07) $ .63
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(1) Convertible subordinated debt and convertible preferred stock were antidilutive in the twelve and thirty-six week periods
ended September 10, 1993, and the thirty-six week period ended September 9, 1994.
(2) Common equivalent shares and other potentially dilutive securities were anti-dilutive in the thirty-six week period ended
September 9, 1994.