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 SEPTEMBER 30, |
NINE MONTHS ENDED SEPTEMBER 30, |
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| 2002 |
2003 |
2002 |
2003 |
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| Loss before cumulative effect of change in accounting principle |
$ | (65,628 | ) | $ | (99,678 | ) | $ | (237,619 | ) | $ | (247,490 | ) | ||||
| Dividends on preferred stock, net of gains (losses) on purchases of preferred stock |
29,932 | (9,496 | ) | (11,034 | ) | (43,948 | ) | |||||||||
| Loss before cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations |
(35,696 | ) | (109,174 | ) | (248,653 | ) | (291,438 | ) | ||||||||
| Cumulative effect of change in accounting principle |
— | — | — | (2,035 | ) | |||||||||||
| Net loss applicable to common stock for basic and diluted computations |
$ | (35,696 | ) | $ | (109,174 | ) | $ | (248,653 | ) | $ | (293,473 | ) | ||||
| Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands) |
216,656 | 216,621 | 218,991 | 216,516 | ||||||||||||
| Per common share—basic and diluted: |
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| Loss before cumulative effect of change in accounting principle |
$ | (0.16 | ) | $ | (0.50 | ) | $ | (1.14 | ) | $ | (1.35 | ) | ||||
| Cumulative effect of change in accounting principle |
— | — | — | (0.01 | ) | |||||||||||
| Net loss |
$ | (0.16 | ) | $ | (0.50 | ) | $ | (1.14 | ) | $ | (1.36 | ) | ||||