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EXHIBIT 11.1
CROWN CASTLE INTERNATIONAL CORP.
COMPUTATION OF NET LOSS
PER COMMON SHARE
(IN THOUSANDS OF DOLLARS, EXCEPT PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
THREE MONTHS NINE MONTHS
ENDED SEPTEMBER 30, ENDED SEPTEMBER 30,
-------------------- ---------------------
1999 2000 1999 2000
-------- -------- -------- ---------
<S> <C> <C> <C> <C>
Loss before extraordinary item and cumulative
effect of change in accounting principle..... $(27,067) $(52,965) $(61,390) $(144,255)
Dividends on preferred stock.................. (6,824) (16,353) (19,846) (39,571)
-------- -------- -------- ---------
Loss before extraordinary item and cumulative
effect of change in accounting principle
applicable to common stock for basic and
diluted computations......................... (33,891) (69,318) $(81,236) (183,826)
Extraordinary item............................ -- -- -- (1,495)
Cumulative effect of change in accounting
principle.................................... -- -- (2,414) --
-------- -------- -------- ---------
Net loss applicable to common stock for basic
and diluted computations..................... $(33,891) $(69,318) $(83,650) $(185,321)
======== ======== ======== =========
Weighted-average number of common shares
outstanding during the period for basic and
diluted computations (in thousands).......... 149,621 191,763 123,067 171,985
======== ======== ======== =========
Per common share--basic and diluted:
Loss before extraordinary item and cumulative
effect of change in accounting principle... $ (0.23) $ (0.36) $ (0.66) $ (1.07)
Extraordinary item............................ -- -- -- (0.01)
Cumulative effect of change in accounting
principle.................................... -- -- (0.02) --
-------- -------- -------- ---------
Net loss................................... $ (0.23) $ (0.36) $ (0.68) $ (1.08)
======== ======== ======== =========
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