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)
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Three Months Nine Months
Ended September 30, Ended September 30,
1996 1995 1996 1995
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PRIMARY CALCULATION
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Net Loss $(30,003) $(12,502) $(103,388) $(26,964)
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Net Loss per common share $ (1.20) $ (.50) $ (4.13) $ (1.08)
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Weighted-average common shares outstanding 25,065 24,941 25,024 24,884
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FULLY DILUTED CALCULATION
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Net Loss(1) $(30,003) $(12,502) $ (97,994) $(26,964)
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Net Loss per common share $ (1.19) $ (.50) $ (3.88) $ (1.07)
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Weighted-average common shares outstanding(2) 25,200 25,155 25,229 25,099
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(1) Calculated as follows: Three Months Nine Months
Ended September 30, Ended September 30,
1996 1995 1996 1995
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Primary net loss $(30,003) $(12,502) $(103,388) $(26,964)
Amortization of debt discount -- -- 2,253 --
Interest on convertible debt -- -- 3,141 --
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$(30,003) $(12,502) $ (97,994) $(26,964)
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(2) Calculated as follows:
Historical weighted average
number of shares outstanding 25,065 24,941 25,024 24,884
Assumed exercise of stock options 35 57 105 58
Assumed exercise of stock purchase warrants 100 157 100 157
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25,200 25,155 25,229 25,099
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