Crown Castle (CCI) 10-Q 2004 Q2 Quarterly report

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,
	2003			2004			2003			2004
Loss from continuing operations before cumulative effect of change in accounting principle	$	(82,930	)	$	(56,049	)	$	(156,837	)	$	(135,560	)
Dividends on preferred stock, net of gains (losses) on purchases of preferred stock		(20,081	)		(9,332	)		(34,452	)		(19,028	)
Loss from continuing operations before cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations		(103,011	)		(65,381	)		(191,289	)		(154,588	)
Income from discontinued operations		2,099			16,455			7,541			30,999
Cumulative effect of change in accounting principle		—			—			(551	)		—
Net loss applicable to common stock for basic and diluted computations	$	(100,912	)	$	(48,926	)	$	(184,299	)	$	(123,589	)
Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands)		215,969			221,853			216,464			220,574
Per common share—basic and diluted:
Loss from continuing operations before cumulative effect of change in accounting principle	$	(0.48	)	$	(0.29	)	$	(0.88	)	$	(0.70	)
Income from discontinued operations		0.01			0.07			0.03			0.14
Cumulative effect of change in accounting principle		—			—			—			—
Net loss	$	(0.47	)	$	(0.22	)	$	(0.85	)	$	(0.56	)