EX-11.1 4 0004.txt COMPUTATION OF NET LOSS PER COMMON SHARE EXHIBIT 11.1 CROWN CASTLE INTERNATIONAL CORP. COMPUTATION OF NET LOSS PER COMMON SHARE (IN THOUSANDS OF DOLLARS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS SIX MONTHS ENDED JUNE 30, ENDED JUNE 30, -------------------- --------------------- 1999 2000 1999 2000 -------- -------- -------- --------- Loss before extraordinary item and cumulative effect of change in accounting principle..... $(20,850) $(59,230) $(34,323) $ (91,290) Dividends on preferred stock.................. (6,614) (11,725) (13,022) (23,218) -------- -------- -------- --------- Loss before extraordinary item and cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations......................... (27,464) (70,955) $(47,345) (114,508) Extraordinary item............................ -- -- -- (1,495) Cumulative effect of change in accounting principle.................................... -- -- (2,414) -- -------- -------- -------- --------- Net loss applicable to common stock for basic and diluted computations..................... $(27,464) $(70,955) $(49,759) $(116,003) ======== ======== ======== ========= Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands).......... 124,849 165,625 109,791 162,095 ======== ======== ======== ========= Per common share--basic and diluted: Loss before extraordinary item and cumulative effect of change in accounting principle... $ (0.22) $ (0.43) $ (0.43) $ (0.71) Extraordinary item............................ -- -- -- (0.01) Cumulative effect of change in accounting principle.................................... -- -- (0.02) -- -------- -------- -------- --------- Net loss................................... $ (0.22) $ (0.43) $ (0.45) $ (0.72) ======== ======== ======== =========