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 SEPTEMBER 30,


   

NINE MONTHS

ENDED SEPTEMBER 30,


 
     2003

    2004

    2003

    2004

 

Loss from continuing operations before cumulative effect of change in accounting principle

   $ (104,754 )   $ (56,116 )   $ (261,591 )   $ (191,676 )

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

     (9,496 )     (9,836 )     (43,948 )     (28,864 )
    


 


 


 


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

     (114,250 )     (65,952 )     (305,539 )     (220,540 )

Income from discontinued operations

     5,076       517,449       12,617       548,448  

Cumulative effect of change in accounting principle

     —         —         (551 )     —    
    


 


 


 


Net income (loss) applicable to common stock for basic and diluted computations

   $ (109,174 )   $ 451,497     $ (293,473 )   $ 327,908  
    


 


 


 


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

     216,621       222,841       216,516       221,329  
    


 


 


 


Per common share—basic and diluted:

                                

Loss from continuing operations before cumulative effect of change in accounting principle

   $ (0.53 )   $ (0.30 )   $ (1.41 )   $ (1.00 )

Income from discontinued operations

     0.03       2.32       0.06       2.48  

Cumulative effect of change in accounting principle

     —         —         (0.01 )     —    
    


 


 


 


Net income (loss)

   $ (0.50 )   $ 2.02     $ (1.36 )   $ 1.48