1 EXHIBIT 11.1 -- COMPUTATION OF PER-SHARE LOSS IXC COMMUNICATIONS, INC COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE FOR THE THREE MONTHS ENDED MARCH 31, 1998 AND 1997 THREE MONTHS ENDED MARCH 31, --------------------- 1998 1997 --------- -------- LOSSES Adjusted net loss....................................... $ (19,397) $(19,878) Less: Dividends applicable to preferred stock........... (11,736) (470) --------- -------- Net loss applicable to common stockholders.............. (31,133) (20,348) Extraordinary loss...................................... -- -- --------- -------- Net loss applicable to common stockholders before extraordinary items.................................. $ (31,133) $(20,348) ========= ======== BASIC Number of shares used to compute loss applicable to common stockholders.................................. 31,626 30,799 ========= ======== DILUTED Number of shares used to compute loss applicable to common stockholders.................................. 31,626 30,799 ========= ======== BASIC LOSS PER SHARE Before extraordinary item............................... $ (0.98) $ (0.66) Extraordinary loss...................................... -- -- --------- -------- Net loss................................................ $ (0.98) $ (0.66) ========= ======== DILUTED LOSS PER SHARE Before extraordinary item............................... $ (0.98) $ (0.66) Extraordinary loss...................................... -- -- --------- -------- Net loss................................................ $ (0.98) $ (0.66) ========= ======== Note: 1997 loss per share data has been restated in accordance with the adoption of the Financial Accounting Standards Board Statement 128 and the Securities Exchange Commission Staff Accounting Bulletin 98.