Exhibit 11.1
AMERICAN MOBILE SATELLITE CORPORATION
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COMPUTATIONS OF EARNING PER COMMON SHARE
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(in thousands, except per share amounts)
Three Months Six Months
Ended Ended
June 30, June 30,
1996 1995 1996 1995
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PRIMARY CALCULATION
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Net Loss $(43,509) $(8,133) $(73,386) $(14,462)
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Net Loss per common share $(1.72) $(.33) $(2.94) $(.58)
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Weighted-average common shares outstanding 25,286 24,899 25,003 24,854
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FULLY DILUTED CALCULATION
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Net Loss (1) $(40,024) $(8,133) $(67,992) $(14,462)
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Net Loss per common share $(1.57) $(.33) $(2.69) $(.58)
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Weighted-average common shares outstanding (2) 25,429 24,955 25,258 24,895
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(1) Calculated as follows: Three Months Six Months
Ended Ended
June 30, June 30,
1996 1995 1996 1995
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Primary net loss $(43,509) $(8,133) $(73,386) $(14,462)
Amortization of debt discount 1,258 -- 2,253 --
Interest on convertible debt 2,227 -- 3,141 --
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$(40,024) $(8,133) $(67,992) $(14,462)
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(2) Calculated as follows:
Historical weighted average number of shares outstanding 25,286 24,899 25,003 24,854
Assumed exercise of stock options 43 56 108 41
Assumed exercise of stock purchase warrants 100 -- 147 --
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25,429 24,955 25,258 24,895
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