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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| 2005 | 2006 | 2005 | 2006 | |||||||||||||
| (As restated) |
(As restated) |
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| Income (loss) from continuing operations |
$ | (228,098 | ) | $ | (13,335 | ) | $ | (353,546 | ) | $ | (25,714 | ) | ||||
| Dividends on preferred stock |
(9,568 | ) | (5,202 | ) | (19,221 | ) | (10,403 | ) | ||||||||
| Income (loss) from continuing operations applicable to common stock for basic and diluted computations |
(237,666 | ) | (18,537 | ) | (372,767 | ) | (36,117 | ) | ||||||||
| Income (loss) from discontinued operations |
2,347 | — | 848 | 5,657 | ||||||||||||
| Net income (loss) applicable to common stock for basic and diluted computations |
$ | (235,319 | ) | $ | (18,537 | ) | $ | (371,919 | ) | $ | (30,460 | ) | ||||
| Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands) |
218,237 | 212,675 | 220,919 | 213,574 | ||||||||||||
| Per common share—basic and diluted: |
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| Income (loss) from continuing operations |
$ | (1.09 | ) | $ | (0.09 | ) | $ | (1.68 | ) | $ | (0.17 | ) | ||||
| Income (loss) from discontinued operations |
0.01 | — | — | 0.03 | ||||||||||||
| Net income (loss) |
$ | (1.08 | ) | $ | (0.09 | ) | $ | (1.68 | ) | $ | (0.14 | ) | ||||