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 SEPTEMBER 30,


   

NINE MONTHS

ENDED SEPTEMBER 30,


 
     2002

    2003

    2002

    2003

 

Loss before cumulative effect of change in accounting principle

   $ (65,628 )   $ (99,678 )   $ (237,619 )   $ (247,490 )

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

     29,932       (9,496 )     (11,034 )     (43,948 )
    


 


 


 


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

     (35,696 )     (109,174 )     (248,653 )     (291,438 )

Cumulative effect of change in accounting principle

     —         —         —         (2,035 )
    


 


 


 


Net loss applicable to common stock for basic and diluted computations

   $ (35,696 )   $ (109,174 )   $ (248,653 )   $ (293,473 )
    


 


 


 


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

     216,656       216,621       218,991       216,516  
    


 


 


 


Per common share—basic and diluted:

                                

Loss before cumulative effect of change in accounting principle

   $ (0.16 )   $ (0.50 )   $ (1.14 )   $ (1.35 )

Cumulative effect of change in accounting principle

     —         —         —         (0.01 )
    


 


 


 


Net loss

   $ (0.16 )   $ (0.50 )   $ (1.14 )   $ (1.36 )