EX-11.1 3 dex111.htm COMPUTATION OF NET LOSS PER COMMON SHARE 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
ENDED JUNE 30,


   

SIX MONTHS

ENDED JUNE 30,


 
     2002

    2003

    2002

    2003

 

Loss before cumulative effect of change in accounting principle

   $ (68,598 )   $ (80,831 )   $ (171,991 )   $ (147,812 )

Dividends on preferred stock, net of gains (losses) on purchases of preferred stock

     (20,861 )     (20,081 )     (40,966 )     (34,452 )
    


 


 


 


Loss before cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations

     (89,459 )     (100,912 )     (212,957 )     (182,264 )

Cumulative effect of change in accounting principle

     —         —         —         (2,035 )
    


 


 


 


Net loss applicable to common stock for basic and diluted computations

   $ (89,459 )   $ (100,912 )   $ (212,957 )   $ (184,299 )
    


 


 


 


Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands)

     220,897       215,969       220,159       216,464  
    


 


 


 


Per common share—basic and diluted: Loss before cumulative effect of change in accounting principle

   $ (0.41 )   $ (0.47 )   $ (0.97 )   $ (0.84 )

Cumulative effect of change in accounting principle

     —         —         —         (0.01 )
    


 


 


 


Net loss

   $ (0.41 )   $ (0.47 )   $ (0.97 )   $ (0.85 )