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, | |||||||||||||||
2002 | 2003 | 2002 | 2003 | |||||||||||||
Loss before cumulative effect of change in accounting principle | $ | (65,628 | ) | $ | (99,678 | ) | $ | (237,619 | ) | $ | (247,490 | ) | ||||
Dividends on preferred stock, net of gains (losses) on purchases of preferred stock | 29,932 | (9,496 | ) | (11,034 | ) | (43,948 | ) | |||||||||
Loss before cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations | (35,696 | ) | (109,174 | ) | (248,653 | ) | (291,438 | ) | ||||||||
Cumulative effect of change in accounting principle | — | — | — | (2,035 | ) | |||||||||||
Net loss applicable to common stock for basic and diluted computations | $ | (35,696 | ) | $ | (109,174 | ) | $ | (248,653 | ) | $ | (293,473 | ) | ||||
Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands) | 216,656 | 216,621 | 218,991 | 216,516 | ||||||||||||
Per common share—basic and diluted: | ||||||||||||||||
Loss before cumulative effect of change in accounting principle | $ | (0.16 | ) | $ | (0.50 | ) | $ | (1.14 | ) | $ | (1.35 | ) | ||||
Cumulative effect of change in accounting principle | — | — | — | (0.01 | ) | |||||||||||
Net loss | $ | (0.16 | ) | $ | (0.50 | ) | $ | (1.14 | ) | $ | (1.36 | ) | ||||