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EXHIBIT 11.3
ALLEGIANCE TELECOM, INC.
COMPUTATION OF PER SHARE EARNINGS (LOSS)
THREE MONTHS ENDED SEPTEMBER 30, 1999
(Dollar in thousands, except per share amounts)
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<CAPTION>
Number of Percent
Shares Outstanding Equivalent Shares
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<S> <C> <C> <C>
Prior to Initial Public Offering
1997 Common Stock Offering 639 100.00% 639
After Initial Public Offering
1998 Common Stock Offering 15,000,000 100.00% 15,000,000
Preferred Stock Converted to Common Stock 60,511,692 100.00% 60,511,692
1999 Common Stock Offering 21,041,100 100.00% 21,041,100
Treasury Shares (37,968) 100.00% (37,968)
Warrants Exercised 540,807 90.60% 489,957
Stock Options Exercised 116,397 62.46% 72,702
Employee Stock Discount Purchase Plan Shares Issued 124,586 98.76% 123,038
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WEIGHTED AVERAGE SHARES OUTSTANDING 97,201,160
NET LOSS APPLICABLE TO COMMON STOCK $ (56,393,000)
NET LOSS PER SHARE, BASIC AND DILUTED $ (0.58)
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