Carolco Pictures Inc – ‘10-Q’ for 9/30/94 – EX-11

As of:  Tuesday, 11/15/94   ·   For:  9/30/94   ·   Confirming Copy?  Yes ©   ·   Accession #:  801441-94-15   ·   File #:  1-09264

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      33±   153K 
 2: EX-11       Exhibit 11.1                                           1      8K 
 3: EX-27       Financial Data Schedule (Pre-XBRL)                     1      6K 

EX-11   —   Exhibit 11.1

                                                        [Enlarge/Download Table]

                                             EXHIBIT 11.1                                                               
                                         CAROLCO PICTURES INC.                                                          
                                 COMPUTATION OF EARNINGS PER COMMON SHARE                                               

                                                                  Three Months Ended         Nine Months Ended          
                                                                    September 30,               September 30,           
                                                                1993            1994         1993           1994        
                                                                --------------------         -------------------        
                                                                                                                        
Weighted average shares outstanding                          30,623,569     140,015,109      30,623,569     140,015,109 
Less Treasury shares                                         (2,027,381)     (2,373,756)     (1,530,400)     (2,342,839)
                                                            ------------     -----------     -----------    ------------
Total                                                        28,596,188     137,641,353      29,093,169     137,672,270 
                                                            ============    ============     ===========    ============

Loss from continuing operations                            ($12,769,000)    ($8,306,000)   ($31,828,000)   ($31,528,000)
Preferred Dividends                                                   0      (1,061,000)              0      (3,167,000)
                                                            ------------    ------------   -------------    ------------
Loss from continuing operations                                                                                         
    attributable to common shares                          ($12,769,000)    ($9,367,000)   ($31,828,000)   ($34,695,000)
                                                           =============   =============   =============   =============

Loss from continuing operations                                                                                         
    per common share                                             $(0.45)         ($0.07)         ($1.09)         ($0.25)
                                                           =============   =============   =============   =============

Equity in loss from discontinued operations of                                                                          
    affiliated company                                        ($219,000)             $0     ($1,398,000)             $0 
                                                           =============   =============   =============   =============

Loss from discontinued operations per common share               ($0.00)          $0.00          ($0.05)          $0.00 
                                                           =============   =============   =============   =============

Extrordinary gain on early extinguishment of debt            $1,799,000              $0      $1,799,000              $0 
                                                           =============   =============   =============   =============

Income per share from extraordinary gain                          $0.06           $0.00           $0.06           $0.00 
                                                           =============   =============   =============   =============

Net loss                                                   ($11,189,000)    ($8,306,000)   ($31,427,000)   ($31,528,000)
Preferred Dividends                                                   0      (1,061,000)              0      (3,167,000)
                                                           -------------   -------------   -------------   -------------
Net loss attributable to common shares                     ($11,189,000)   ($9,367,000)    ($31,427,000)   ($34,695,000)
                                                           =============   =============   =============   =============

Net loss per common share                                        ($0.39)         ($0.07)         ($1.08)         ($0.25)
                                                            =============    ============  =============   =============