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 Six Months Ended
Ended June 30, June 30,
1997 1996 1997 1996
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PRIMARY CALCULATION
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Net Loss ($26,842) ($43,509) ($53,923) ($73,386)
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Net Loss per common share ($1.07) ($1.74) ($2.15) ($2.94)
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Weighted-average common shares outstanding 25,120 25,012 25,115 25,003
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FULLY DILUTED CALCULATION
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Net Loss (1) ($26,842) ($40,024) ($53,923) ($67,992)
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Net Loss per common share ($1.07) ($1.59) ($2.14) ($2.69)
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Weighted-average common shares outstanding 25,182 25,155 25,177 25,258
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Three Months Six Months Ended
Ended June 30, June 30,
(1) Calculated as follows: 1997 1996 1997 1996
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Primary net loss $(26,842) ($43,509) ($53,923) ($73,386)
Amortization of debt discount -- 1,258 -- 2,253
Interest on convertible debt -- 2,227 -- 3,141
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($26,842) ($40,024) ($53,923) ($67,992)
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(2) Calculated as follows:
Historical weighted average number of shares 25,120 25,012 25,115 25,003
Assumed exercise of stock options -- 43 -- 108
Assumed exercise of stock purchase warrants 62 100 62 147
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25,182 25,155 25,177 25,258
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