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 8, September 9, September 8, September 9,
1995 1994 1995 1994
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Net income (loss).................................................. $ (5) $ 8 $ (49) $ (10)
Less: Dividends on convertible preferred stock.................... -- -- -- --
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Net income (loss) available for common shareholders................ $ (5) $ 8 $ (49) $ (10)
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Primary Earnings (Loss) Per Common Share
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Shares:
Weighted average number of common shares outstanding............. 158.8 152.7 157.9 151.2
Assuming distribution of common shares granted under
comprehensive stock plan, less shares assumed purchased
at average market *............................................. -- 8.4 -- --
Assuming distribution of common shares reserved under
employee stock purchase plan, based on withholdings
to date, less shares assumed purchased at average market *...... -- -- -- --
Assuming distribution of common shares issuable for warrants,
less shares assumed purchased at average market *............... -- -- -- --
------- ------- ------- --------
158.8 161.1 157.9 151.2
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Primary Earnings (Loss) Per Common Share........................... $ (.03) $ .05 $ (.31) $ (.07)
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Fully Diluted Earnings (Loss) Per Common Share
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Shares:
Weighted average number of common shares outstanding............. 158.8 152.7 157.9 151.2
Assuming distribution of common shares granted under
comprehensive stock plan, less shares assumed purchased
at higher of average or ending market *......................... -- 8.8 -- --
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 *...................................... -- -- -- --
Assuming distribution of common shares issuable for
warrants, less shares assumed purchased at higher
of average or ending market *................................... -- -- -- --
Assuming issuance of common shares upon conversion of
convertible preferred stock *................................... -- 4.9 -- --
------- ------- ------- --------
158.8 166.4 157.9 151.2
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Fully Diluted Earnings (Loss) Per Common Share..................... $ (.03) $ .05 $ (.31) $ (.07)
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* Common equivalent shares and other potentially dilutive securities were
anti-dilutive in the twelve and thirty-six weeks ended September 8, 1995
and the thirty-six weeks ended September 9, 1994, respectively.