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, |
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| 2002 |
2003 |
2002 |
2003 |
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| Loss before cumulative effect of change in accounting principle |
$ | (68,598 | ) | $ | (80,831 | ) | $ | (171,991 | ) | $ | (147,812 | ) | ||||
| Dividends on preferred stock, net of gains (losses) on purchases of preferred stock |
(20,861 | ) | (20,081 | ) | (40,966 | ) | (34,452 | ) | ||||||||
| Loss before cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations |
(89,459 | ) | (100,912 | ) | (212,957 | ) | (182,264 | ) | ||||||||
| Cumulative effect of change in accounting principle |
— | — | — | (2,035 | ) | |||||||||||
| Net loss applicable to common stock for basic and diluted computations |
$ | (89,459 | ) | $ | (100,912 | ) | $ | (212,957 | ) | $ | (184,299 | ) | ||||
| Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands) |
220,897 | 215,969 | 220,159 | 216,464 | ||||||||||||
| Per common share—basic and diluted: Loss before cumulative effect of change in accounting principle |
$ | (0.41 | ) | $ | (0.47 | ) | $ | (0.97 | ) | $ | (0.84 | ) | ||||
| Cumulative effect of change in accounting principle |
— | — | — | (0.01 | ) | |||||||||||
| Net loss |
$ | (0.41 | ) | $ | (0.47 | ) | $ | (0.97 | ) | $ | (0.85 | ) | ||||