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 SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------------ ------------------------ 1998 1997 1998 1997 --------- --------- --------- --------- LOSSES Adjusted net loss .................. $(102,507) $ (27,914) $(120,402) $ (50,412) Less: Dividends applicable to preferred stock ................... (15,471) (2,288) (27,207) (2,758) --------- --------- --------- --------- Net loss applicable to common stockholders ............... (117,978) (30,202) (147,609) (53,170) Extraordinary loss ................. (69,810) -- (69,810) -- --------- --------- --------- --------- Net loss applicable to common stockholders before extraordinary items ............................. $ (48,168) $ (30,202) $ (77,799) $ (53,170) ========= ========= ========= ========= BASIC Number of shares used to compute loss applicable to common stockholders ...................... 35,785 34,696 35,653 34,539 ========= ========= ========= ========= DILUTED Number of shares used to compute loss applicable to common stockholders ...................... 35,785 34,696 35,653 34,539 ========= ========= ========= ========= BASIC LOSS PER SHARE Before extraordinary item .......... $ (1.35) $ (0.87) $ (2.18) $ (1.54) Extraordinary loss ................. (1.95) -- (1.96) -- --------- --------- --------- --------- Net loss ........................... $ (3.30) $ (0.87) $ (4.14) $ (1.54) ========= ========= ========= ========= DILUTED LOSS PER SHARE Before extraordinary item .......... $ (1.35) $ (0.87) $ (2.18) $ (1.54) Extraordinary loss ................. (1.95) -- (1.96) -- --------- --------- --------- --------- Net loss ........................... $ (3.30) $ (0.87) $ (4.14) $ (1.54) ========= ========= ========= ========= 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. All prior periods have been restated to include the combined results of Eclipse Telecommunications, Inc., formerly Network Long Distance, Inc., following its merger on June 3, 1998 with a subsidiary of the Company in a pooling of interests transaction.