EX-11.1 2 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 MARCH 31,
  
     2003
     2004
  

Loss before cumulative effect of change in accounting principle

    $ (66,981 )   $ (64,967 )

Dividends on preferred stock, net of gains on purchases of preferred stock

      (14,371 )     (9,696 )
    
 

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

      (81,352 )     (74,663 )

Cumulative effect of change in accounting principle

      (2,035 )     —    
    
 

Net loss applicable to common stock for basic and diluted computations

    $ (83,387 )   $ (74,663 )
    
 

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

      216,958       219,294  
    
 

Per common share—basic and diluted:

                 

Loss before cumulative effect of change in accounting principle

    $ (0.37 )   $ (0.34 )

Cumulative effect of change in accounting principle

      (0.01 )     —    
    
 

Net loss

    $ (0.38 )   $ (0.34 )