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, |
||||||||
| 2005 | 2006 | |||||||
| (As restated) | ||||||||
| Loss from continuing operations |
$ | (125,448 | ) | $ | (12,379 | ) | ||
| Dividends on preferred stock |
(9,653 | ) | (5,201 | ) | ||||
| Loss from continuing operations applicable to common stock for basic and diluted computations |
(135,101 | ) | (17,580 | ) | ||||
| Income (loss) from discontinued operations |
(1,499 | ) | 5,657 | |||||
| Net income (loss) applicable to common stock for basic and diluted computations |
$ | (136,600 | ) | $ | (11,923 | ) | ||
| Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands) |
223,601 | 214,473 | ||||||
| Per common share—basic and diluted: |
||||||||
| Loss from continuing operations |
$ | (0.60 | ) | $ | (0.08 | ) | ||
| Income (loss) from discontinued operations |
(0.01 | ) | 0.02 | |||||
| Net income (loss) |
$ | (0.61 | ) | $ | (0.06 | ) | ||