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 JUNE 30,


    SIX MONTHS
ENDED JUNE 30,


 
     2004

    2005

    2004

    2005

 

Loss from continuing operations

   $ (65,888 )   $ (229,798 )   $ (155,527 )   $ (357,060 )

Dividends on preferred stock

     (9,332 )     (9,568 )     (19,028 )     (19,221 )
    


 


 


 


Loss from continuing operations applicable to common stock for basic and diluted computations

     (75,220 )     (239,366 )     (174,555 )     (376,281 )

Income from discontinued operations

     15,108       2,347       28,110       848  
    


 


 


 


Net loss applicable to common stock for basic and diluted computations

   $ (60,112 )   $ (237,019 )   $ (146,445 )   $ (375,433 )
    


 


 


 


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

     221,853       218,237       220,574       220,919  
    


 


 


 


Per common share—basic and diluted:

                                

Loss from continuing operations

   $ (0.34 )   $ (1.10 )   $ (0.79 )   $ (1.70 )

Income from discontinued operations

     0.07       .01       0.13       —    
    


 


 


 


Net loss

   $ (0.27 )   $ (1.09 )   $ (0.66 )   $ (1.70 )