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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| 2005 | 2006 | 2005 | 2006 | |||||||||||||
| (As restated) | (As restated) | |||||||||||||||
| Income (loss) from continuing operations |
$ | (25,536 | ) | $ | (15,561 | ) | $ | (379,082 | ) | $ | (41,275 | ) | ||||
| Dividends on preferred stock |
(9,429 | ) | (5,201 | ) | (28,650 | ) | (15,604 | ) | ||||||||
| Income (loss) from continuing operations applicable to common stock for basic and diluted computations |
(34,965 | ) | (20,762 | ) | (407,732 | ) | (56,879 | ) | ||||||||
| Income (loss) from discontinued operations, net of tax |
— | — | 848 | 5,657 | ||||||||||||
| Net income (loss) applicable to common stock for basic and diluted computations |
$ | (34,965 | ) | $ | (20,762 | ) | $ | (406,884 | ) | $ | (51,222 | ) | ||||
| Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands) |
215,664 | 201,070 | 219,167 | 209,406 | ||||||||||||
| Per common share—basic and diluted: |
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| Income (loss) from continuing operations |
$ | (0.16 | ) | $ | (0.10 | ) | $ | (1.86 | ) | $ | (0.27 | ) | ||||
| Income (loss) from discontinued operations |
— | — | — | 0.03 | ||||||||||||
| Net income (loss) |
$ | (0.16 | ) | $ | (0.10 | ) | $ | (1.86 | ) | $ | (0.24 | ) | ||||