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, | |||||||||||||||
2002 | 2003 | 2002 | 2003 | |||||||||||||
Loss before cumulative effect of change in accounting principle | $ | (68,598 | ) | $ | (80,831 | ) | $ | (171,991 | ) | $ | (147,812 | ) | ||||
Dividends on preferred stock, net of gains (losses) on purchases of preferred stock | (20,861 | ) | (20,081 | ) | (40,966 | ) | (34,452 | ) | ||||||||
Loss before cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations | (89,459 | ) | (100,912 | ) | (212,957 | ) | (182,264 | ) | ||||||||
Cumulative effect of change in accounting principle | — | — | — | (2,035 | ) | |||||||||||
Net loss applicable to common stock for basic and diluted computations | $ | (89,459 | ) | $ | (100,912 | ) | $ | (212,957 | ) | $ | (184,299 | ) | ||||
Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands) | 220,897 | 215,969 | 220,159 | 216,464 | ||||||||||||
Per common share—basic and diluted: Loss before cumulative effect of change in accounting principle | $ | (0.41 | ) | $ | (0.47 | ) | $ | (0.97 | ) | $ | (0.84 | ) | ||||
Cumulative effect of change in accounting principle | — | — | — | (0.01 | ) | |||||||||||
Net loss | $ | (0.41 | ) | $ | (0.47 | ) | $ | (0.97 | ) | $ | (0.85 | ) | ||||