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ARONEX PHARMACEUTICALS, INC. AND SUBSIDIARIES
EXHIBIT 11.1
Statement Regarding Computation of Per Share Earnings
The following reflects the information used in calculating the number of shares
in the computation of net loss per share for each of the periods set forth in
the Consolidated Statements of Operations.
AVERAGE LOSS
DAYS SHARES SHARES PER
SHARES OUTSTANDING X DAYS OUTSTANDING LOSS SHARE
Year Ended December 31, 2000: 22,853,782 21 479,
22,873,782 3 68,621,346
22,876,765 4 91,507,060
22,877,930 12 274,535,160
22,879,230 23 526,222,290
22,888,646 6 137,331,876
22,905,144 14 320,672,016
22,922,078 54 1,237,792,212
25,854,652 44 1,137,604,688
25,890,127 75 1,941,759,525
25,890,567 1 25,890,567
25,900,901 5 129,504,505
25,913,022 2 51,826,044
25,918,209 7 181,427,463
25,918,417 2 51,836,834
25,932,005 10 259,320,050
25,937,583 38 985,628,154
25,938,719 5 129,693,595
25,950,578 17 441,159,826
25,954,893 22 571,007,646
25,973,674 1 25,973,674
366 9,069,243,953 /366 24,847,244 (13,502,000) (0.54)
24,847,244 (17,957,000) (0.72)
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AVERAGE LOSS
DAYS SHARES SHARES PER
SHARES OUTSTANDING X DAYS OUTSTANDING LOSS SHARE
Year Ended December 31, 1999: 16,379,309 3 49,137,927
16,415,664 50 820,783,200
22,415,664 14 313,819,296
22,463,211 21 471,727,431
22,474,987 1 22,474,987
22,494,671 1 22,494,671
22,495,050 64 1,439,683,200
22,496,505 26 584,909,130
22,555,435 1 22,555,435
22,555,977 8 180,447,816
22,560,179 27 609,124,833
22,697,866 20 453,957,320
22,719,999 6 136,319,994
22,723,765 3 68,171,295
22,723,927 13 295,411,051
22,773,927 5 113,869,635
22,775,753 9 204,981,777
22,788,071 54 1,230,555,834
22,815,293 21 479,121,153
22,815,793 1 22,815,793
22,830,369 16 365,285,904
22,853,783 1 22,853,783
365 7,930,501,465 /365 21,727,401 (14,094,000) (0.65)
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AVERAGE LOSS
DAYS SHARES SHARES PER
SHARES OUTSTANDING X DAYS OUTSTANDING LOSS SHARE
Year Ended December 31, 1998: 15,459,166 11 170,050,826
15,460,684 71 1,097,708,564
15,465,729 1 15,465,729
15,467,281 97 1,500,326,257
15,497,443 92 1,425,764,756
15,503,745 1 15,503,745
15,503,745 40 620,149,800
15,508,745 9 139,578,705
15,509,301 5 77,546,505
16,347,290 23 375,987,670
16,349,706 6 98,098,236
16,352,277 6 98,113,662
16,352,763 2 32,705,526
16,379,309 1 16,379,309
365 5,683,379,290 /365 15,570,902 18,231,000 (1.17)
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