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,

 
     2005     2006     2005     2006  
     (As restated)           (As restated)        

Income (loss) from continuing operations

   $ (25,536 )   $ (15,561 )   $ (379,082 )   $ (41,275 )

Dividends on preferred stock

     (9,429 )     (5,201 )     (28,650 )     (15,604 )
                                

Income (loss) from continuing operations applicable to common stock for basic and diluted computations

     (34,965 )     (20,762 )     (407,732 )     (56,879 )

Income (loss) from discontinued operations, net of tax

     —         —         848       5,657  
                                

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

   $ (34,965 )   $ (20,762 )   $ (406,884 )   $ (51,222 )
                                

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

     215,664       201,070       219,167       209,406  
                                

Per common share—basic and diluted:

        

Income (loss) from continuing operations

   $ (0.16 )   $ (0.10 )   $ (1.86 )   $ (0.27 )

Income (loss) from discontinued operations

     —         —         —         0.03  
                                

Net income (loss)

   $ (0.16 )   $ (0.10 )   $ (1.86 )   $ (0.24 )