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 MARCH 31, | ||||||||
2003 | 2004 | |||||||
Loss before cumulative effect of change in accounting principle | $ | (66,981 | ) | $ | (64,967 | ) | ||
Dividends on preferred stock, net of gains on purchases of preferred stock | (14,371 | ) | (9,696 | ) | ||||
Loss before cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations | (81,352 | ) | (74,663 | ) | ||||
Cumulative effect of change in accounting principle | (2,035 | ) | — | |||||
Net loss applicable to common stock for basic and diluted computations | $ | (83,387 | ) | $ | (74,663 | ) | ||
Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands) | 216,958 | 219,294 | ||||||
Per common share—basic and diluted: | ||||||||
Loss before cumulative effect of change in accounting principle | $ | (0.37 | ) | $ | (0.34 | ) | ||
Cumulative effect of change in accounting principle | (0.01 | ) | — | |||||
Net loss | $ | (0.38 | ) | $ | (0.34 | ) | ||