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,


 
     2004

    2005

    2004

    2005

 

Loss from continuing operations

   $ (58,484 )   $ (26,569 )   $ (214,011 )   $ (383,629 )

Dividends on preferred stock

     (9,836 )     (9,429 )     (28,864 )     (28,650 )
    


 


 


 


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

     (68,320 )     (35,998 )     (242,875 )     (412,279 )

Income (loss) from discontinued operations

     509,140       (1,497 )     537,250       (649 )
    


 


 


 


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

   $ 440,820     $ (37,495 )   $ 294,375     $ (412,928 )
    


 


 


 


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

     222,841       215,664       221,329       219,167  
    


 


 


 


Per common share—basic and diluted:

                                

Loss from continuing operations

   $ (0.31 )   $ (0.17 )   $ (1.10 )   $ (1.88 )

Income (loss) from discontinued operations

     2.29       —         2.43       —    
    


 


 


 


Net income (loss)

   $ 1.98     $ (0.17 )   $ 1.33     $ (1.88 )