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,
--------------------
2002 2003
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Loss before cumulative effect of change in
accounting principle............................ $(103,393) $(66,981)
Dividends on preferred stock..................... (20,105) (14,371)
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Loss before cumulative effect of change in
accounting principle applicable to common stock
for basic and diluted computations.............. (123,498) (81,352)
Cumulative effect of change in accounting
principle....................................... -- (2,035)
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Net loss applicable to common stock for basic and
diluted computations............................ $(123,498) $(83,387)
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Weighted-average number of common shares
outstanding during the period for basic and
diluted computations (in thousands)............. 219,420 216,958
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Per common share--basic and diluted:
Loss before cumulative effect of change in
accounting principle........................... $ (0.56) $ (0.37)
Cumulative effect of change in accounting
principle...................................... -- (0.01)
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Net loss........................................ $ (0.56) $ (0.38)
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