EXHIBIT 11
PAGE 1 OF 2
HOST MARRIOTT CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
1996 1995 1994
------ ------ ------
Net income (loss)...................................... $ (13) $ (143) $ (25)
====== ====== ======
Primary Earnings (Loss) Per Common Share
Shares:
Weighted average number of common shares outstanding. 188.7 158.3 151.5
Assuming distribution of common shares reserved under
employee stock purchase plan, based on withholdings
to date, less shares assumed purchased at average
market (/1/)........................................ -- -- --
Assuming distribution of common shares granted under
comprehensive stock plan, less shares assumed
purchased at average market (/1/)................... -- -- --
Assuming distribution of common shares issuable for
warrants, less shares assumed purchased at average
market (/1/)........................................ -- -- --
------ ------ ------
188.7 158.3 151.5
====== ====== ======
Primary Earnings (Loss) Per Common Share............... $ (.07) $ (.90) $ (.17)
====== ====== ======
- --------
(/1/Common)equivalent shares and other potentially dilutive securities were
antidilutive for all years presented.
E-1
EXHIBIT 11
PAGE 2 OF 2
HOST MARRIOTT CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
1996 1995 1994
------ ------ ------
Fully Diluted Earnings (Loss) Per Common Share
Shares:
Weighted average number of common shares outstanding. 188.7 158.3 151.5
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 (/1/)...................... -- -- --
Assuming distribution of common shares granted under
comprehensive stock plan, less shares assumed
purchased at higher of average or ending market
(/1/)............................................... -- -- --
Assuming distribution of common shares issuable for
warrants, less shares assumed purchased at higher of
average or ending market (/1/)...................... -- -- --
Assuming issuance of common shares upon conversion of
convertible preferred stock (/1/)................... -- -- --
Assuming issuance of common shares upon conversion of
Company-obligated mandatorily redeemable convertible
securities of a subsidiary trust (/1/)(/2/)......... -- -- --
------ ------ ------
188.7 158.3 151.5
====== ====== ======
Fully Diluted Earnings (Loss) Per Common Share......... $ (.07) $ (.90) $ (.17)
====== ====== ======
- --------
(/1/Common)equivalent shares and other potentially dilutive securities were
antidilutive for all years presented.
(/2/Company-obligated)mandatorily redeemable convertible securities of a
subsidiary trust were issued in 1996.
E-2