Crown Castle (CCI) 10-Q 2006 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,
	2005			2006			2005			2006
	(As restated)						(As restated)
Income (loss) from continuing operations	$	(228,098	)	$	(13,335	)	$	(353,546	)	$	(25,714	)
Dividends on preferred stock		(9,568	)		(5,202	)		(19,221	)		(10,403	)
Income (loss) from continuing operations applicable to common stock for basic and diluted computations		(237,666	)		(18,537	)		(372,767	)		(36,117	)
Income (loss) from discontinued operations		2,347			—			848			5,657
Net income (loss) applicable to common stock for basic and diluted computations	$	(235,319	)	$	(18,537	)	$	(371,919	)	$	(30,460	)
Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands)		218,237			212,675			220,919			213,574
Per common share—basic and diluted:
Income (loss) from continuing operations	$	(1.09	)	$	(0.09	)	$	(1.68	)	$	(0.17	)
Income (loss) from discontinued operations		0.01			—			—			0.03
Net income (loss)	$	(1.08	)	$	(0.09	)	$	(1.68	)	$	(0.14	)