EX-11.1 2 0002.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 NINE MONTHS ENDED SEPTEMBER 30, ENDED SEPTEMBER 30, -------------------- --------------------- 1999 2000 1999 2000 -------- -------- -------- --------- Loss before extraordinary item and cumulative effect of change in accounting principle..... $(27,067) $(52,965) $(61,390) $(144,255) Dividends on preferred stock.................. (6,824) (16,353) (19,846) (39,571) -------- -------- -------- --------- Loss before extraordinary item and cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations......................... (33,891) (69,318) $(81,236) (183,826) Extraordinary item............................ -- -- -- (1,495) Cumulative effect of change in accounting principle.................................... -- -- (2,414) -- -------- -------- -------- --------- Net loss applicable to common stock for basic and diluted computations..................... $(33,891) $(69,318) $(83,650) $(185,321) ======== ======== ======== ========= Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands).......... 149,621 191,763 123,067 171,985 ======== ======== ======== ========= Per common share--basic and diluted: Loss before extraordinary item and cumulative effect of change in accounting principle... $ (0.23) $ (0.36) $ (0.66) $ (1.07) Extraordinary item............................ -- -- -- (0.01) Cumulative effect of change in accounting principle.................................... -- -- (0.02) -- -------- -------- -------- --------- Net loss................................... $ (0.23) $ (0.36) $ (0.68) $ (1.08) ======== ======== ======== =========