Exhibit 11.1
CROWN CASTLE INTERNATIONAL CORP.
COMPUTATION OF NET INCOME (LOSS) PER COMMON SHARE
(IN THOUSANDS OF DOLLARS, EXCEPT PER SHARE AMOUNTS)
Years Ended December 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | 2014 | 2013 | ||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
Net income (loss) attributable to CCIC stockholders | $ | 90,111 | $ | 188,584 | $ | 171,077 | $ | (310,940 | ) | $ | (114,332 | ) | $ | 101,497 | $ | 15,462 | ||||||||||||
Dividends on preferred stock and losses on purchases of preferred stock | (11,363 | ) | (2,629 | ) | (22,940 | ) | (20,806 | ) | (20,806 | ) | (10,997 | ) | — | |||||||||||||||
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Net income (loss) attributable to CCIC common stockholders | $ | 78,748 | $ | 185,955 | $ | 148,137 | $ | (331,746 | ) | $ | (135,138 | ) | $ | 90,500 | $ | 15,462 | ||||||||||||
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Weighted-average number of common shares outstanding (in thousands): | ||||||||||||||||||||||||||||
Basic weighted-average number of common shares outstanding | 298,083 | 289,285 | 283,821 | 286,764 | 286,622 | 332,034 | 291,102 | |||||||||||||||||||||
Effect of assumed dilution from potential common shares relating to stock options and restricted stock awards | 1,210 | 1,985 | 2,126 | — | — | 1,011 | 1,468 | |||||||||||||||||||||
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Diluted weighted-average number of common shares outstanding | 299,293 | 291,270 | 285,947 | 286,764 | 286,622 | 333,045 | 292,570 | |||||||||||||||||||||
Net income (loss) attributable to CCIC common stockholders, per common share: | ||||||||||||||||||||||||||||
Basic | $ | 0.26 | $ | 0.64 | $ | 0.52 | $ | (1.16 | ) | $ | (0.47 | ) | $ | 0.27 | $ | 0.05 | ||||||||||||
Diluted | $ | 0.26 | $ | 0.64 | $ | 0.52 | $ | (1.16 | ) | $ | (0.47 | ) | $ | 0.27 | $ | 0.05 |