EX-11.1 5 a2130409zex-11_1.htm EX-11.1
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NTL INCORPORATED
CALCULATION OF LOSS PER COMMON STOCK


Exhibit 11.1

 
  Number of
shares outstanding(1)

  Weighted average number of shares outstanding for the quarter
  Adjustment for effect of rights offering
  Revised weighted average number of shares outstanding for the quarter
  Weighted average number of shares outstanding for the year
 
  (in millions)

Predecessor Company                    
Pro forma shares oustanding January 1, 2001 (2)   50.5   50.5   9.0   59.5   59.5
   
 
 
 
 
Pro forma shares outstanding December 31, 2001   50.5   50.5   9.0   59.5   59.5
   
 
 
 
 
Pro forma shares outstanding December 31, 2002   50.5   50.5   9.0   59.5   59.5
   
 
 
 
 

Reorganized Company

 

 

 

 

 

 

 

 

 

 
Shares issued on emergence from Chapter 11   50.5   50.5   9.0   59.5   59.5
Issue of shares            
   
 
 
 
   
Shares outstanding at March 31, 2003   50.5   50.5   9.0   59.5    
Issue of shares            
   
 
 
 
   
Shares outstanding at June 30, 2003   50.5   50.5   9.0   59.5    
Issue of shares   0.2   0.1     0.1    
   
 
 
 
   
Shares outstanding at September 30, 2003   50.7   50.6   9.0   59.6    
Issue of shares   0.2   0.1   0.2   0.3   0.1
Issue of shares in connection with the rights offering   35.9   14.4     14.4   3.6
   
 
 
 
 
Shares outstanding at December 31, 2003   86.8   65.1   9.2   74.3   63.2
   
 
 
 
 
(1)
Excludes 0.1 million shares of common stock in escrow

(2)
Pro forma shares oustanding assumes that the 50.5 million shares issued in connection with the Company's emergence from Chapter 11 reorganization on January 10, 2003 were outstanding as of January 1, 2001.



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NTL INCORPORATED CALCULATION OF LOSS PER COMMON STOCK