NTL DELAWARE INC
10-K/A, EX-11, 2000-08-29
CABLE & OTHER PAY TELEVISION SERVICES
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<PAGE>   1
EXHIBIT 11

                                NTL INCORPORATED

                        CALCULATION OF NET LOSS PER SHARE

<TABLE>
<CAPTION>
                                                                                  Weighted Average Number of Shares
                                                                                  ---------------------------------

Date                                             Total               Year Ended             Year Ended             Year Ended
Issued        Description of Issuance         Outstanding            31-Dec-99               31-Dec-98              31-Dec-97
------        -----------------------         -----------            ---------               ---------              ---------
<S>           <C>                             <C>                    <C>                    <C>                    <C>
12/31/95             Common Stock             47,189,173             47,189,173             47,189,173             47,189,173
02/13/96             Common Stock                  3,473                  3,473                  3,473                  3,473
02/22/96             Common Stock                    833                    833                    833                    833
02/28/96             Common Stock                  7,686                  7,686                  7,686                  7,686
03/06/96             Common Stock                  1,770                  1,770                  1,770                  1,770
03/12/96             Common Stock                  9,258                  9,258                  9,258                  9,258
03/20/96             Common Stock                  5,391                  5,391                  5,391                  5,391
03/25/96             Common Stock                117,188                117,188                117,188                117,188
04/11/96             Common Stock                 16,280                 16,280                 16,280                 16,280
04/26/96             Common Stock                 39,063                 39,063                 39,063                 39,063
05/30/96             Common Stock                  2,083                  2,083                  2,083                  2,083
06/13/96             Common Stock                201,239                201,239                201,239                201,239
06/14/96             Common Stock                206,250                206,250                206,250                206,250
08/29/96             Common Stock              2,210,938              2,210,938              2,210,938              2,210,938
11/06/96             Common Stock                     69                     69                     69                     69
11/25/96             Common Stock                  1,738                  1,738                  1,738                  1,738
12/26/96             Common Stock                  8,594                  8,594                  8,594                  8,594
12/27/96             Common Stock                  3,125                  3,125                  3,125                  3,125
12/31/96             Common Stock                 79,167                 79,167                 79,167                 79,167
01/14/97             Common Stock                  1,563                  1,563                  1,563                  1,503
01/17/97             Common Stock                  7,014                  7,014                  7,014                  6,688
01/21/97             Common Stock                 36,456                 36,456                 36,456                 32,678
02/06/97             Common Stock                    348                    348                    348                    286
03/26/97             Common Stock                  2,344                  2,344                  2,344                  1,798
05/30/97             Common Stock                  1,406                  1,406                  1,406                    828
06/20/97             Common Stock                  1,564                  1,564                  1,564                    831
06/25/97             Common Stock                  8,334                  8,334                  8,334                  4,316
07/10/97             Common Stock                 28,073                 28,073                 28,073                 13,383
09/16/97             Common Stock                  5,520                  5,520                  5,520                  1,603
09/26/97             Common Stock                 44,791                 44,791                 44,791                 11,781
10/03/97             Common Stock                    313                    313                    313                     77
10/15/97             Common Stock                 12,873                 12,873                 12,873                  2,714
10/16/97             Common Stock                  3,516                  3,516                  3,516                    731
12/10/97             Common Stock                    869                    869                    869                     50
12/18/97             Common Stock                  1,123                  1,123                  1,123                     41
12/22/97             Common Stock                  3,125                  3,125                  3,125                     77
12/26/97             Common Stock                  3,125                  3,125                  3,125                     42
01/08/98             Common Stock                 62,714                 62,714                 61,339
01/12/98             Common Stock                  8,438                  8,438                  8,159
01/16/98             Common Stock                  5,222                  5,222                  4,994
01/26/98             Common Stock                  2,344                  2,344                  2,177
01/28/98             Common Stock                 30,208                 30,208                 27,891
01/29/98             Common Stock                    469                    469                    431
02/03/98             Common Stock                 12,500                 12,500                 11,336
02/06/98             Common Stock                  1,563                  1,563                  1,405
02/09/98             Common Stock                 11,458                 11,458                 10,202
02/10/98             Common Stock                  1,875                  1,875                  1,664
02/11/98             Common Stock                  5,088                  5,088                  4,502
02/17/98             Common Stock                 12,813                 12,813                 11,128
02/25/98             Common Stock                  4,375                  4,375                  3,703
</TABLE>
<PAGE>   2
EXHIBIT 11

                                NTL INCORPORATED

                       CALCULATION OF NET LOSS PER SHARE


<TABLE>
                                                                                  Weighted Average Number of Shares
                                                                                  ---------------------------------

Date                                                     Total               Year Ended            Year Ended            Year Ended
Issued                  Description of Issuance       Outstanding            31-Dec-99              31-Dec-98             31-Dec-97
------                  -----------------------       -----------            ---------              ---------             ---------
<S>                     <C>                         <C>                    <C>                     <C>                   <C>
      03/04/98             Common Stock                    313                    313                    258
      03/06/98             Common Stock                  5,938                  5,938                  4,880
      03/11/98             Common Stock                 14,531                 14,531                 11,744
      03/12/98             Common Stock                  2,188                  2,188                  1,763
      03/13/98             Common Stock                  4,063                  4,063                  3,261
      03/23/98             Common Stock                 11,042                 11,042                  8,563
      04/02/98             Common Stock                  4,688                  4,688                  3,506
      04/06/98             Common Stock                  5,938                  5,938                  4,375
      04/07/98             Common Stock                 10,417                 10,417                  7,648
      04/13/98             Common Stock                  2,656                  2,656                  1,906
      04/20/98             Common Stock                  5,781                  5,781                  4,039
      04/24/98             Common Stock             10,871,123             10,871,123              7,475,759
      04/27/98             Common Stock                  1,563                  1,563                  1,061
      05/07/98             Common Stock              3,048,438              3,048,438              1,987,748
      05/12/98             Common Stock                  1,250                  1,250                    798
      05/18/98             Common Stock                  3,125                  3,125                  1,944
      05/19/98             Common Stock                  6,875                  6,875                  4,256
      05/21/98             Common Stock                  4,219                  4,219                  2,589
      05/26/98             Common Stock                 37,761                 37,761                 22,656
      05/27/98             Common Stock                  5,625                  5,625                  3,359
      06/05/98             Common Stock                  3,125                  3,125                  1,789
      06/08/98             Common Stock                  1,523                  1,523                    859
      06/10/98             Common Stock                  5,000                  5,000                  2,794
      06/25/98             Common Stock                 15,625                 15,625                  8,091
      06/29/98             Common Stock                    625                    625                    317
      07/02/98             Common Stock                 19,661                 19,661                  9,805
      07/06/98             Common Stock                  2,500                  2,500                  1,219
      07/14/98             Common Stock                  7,344                  7,344                  3,420
      07/16/98             Common Stock                    313                    313                    144
      07/22/98             Common Stock                  1,250                  1,250                    555
      07/23/98             Common Stock                  1,719                  1,719                    758
      07/29/98             Common Stock                 41,875                 41,875                 17,784
      08/03/98             Common Stock                 47,917                 47,917                 19,692
      08/12/98             Common Stock                 10,156                 10,156                  3,923
      08/20/98             Common Stock                  3,438                  3,438                  1,253
      08/26/98             Common Stock                 26,667                 26,667                  9,278
      09/17/98             Common Stock                 11,719                 11,719                  3,372
      10/02/98             Common Stock                    625                    625                    155
      10/05/98             Common Stock                 17,353                 17,353                  4,136
      10/07/98             Common Stock                    406                    406                     95
      10/19/98             Common Stock                  4,427                  4,427                    886
      10/21/98             Common Stock                  7,019                  7,019                  1,366
      10/27/98             Common Stock             13,522,119             13,522,119              2,408,048
      10/30/98             Common Stock                     55                     55                      9
      11/09/98             Common Stock                    156                    156                     22
      11/16/98             Common Stock                 20,234                 20,234                  2,495
      11/17/98             Common Stock             15,775,705             15,775,705              1,901,725
      11/19/98             Common Stock                 19,938                 19,938                  2,294
      11/24/98             Common Stock                  9,375                  9,375                    950
      11/25/98             Common Stock                    120                    120                     13
</TABLE>
<PAGE>   3
EXHIBIT 11

                                NTL INCORPORATED

                       CALCULATION OF NET LOSS PER SHARE
<TABLE>
                                                                                  Weighted Average Number of Shares
                                                                                  ---------------------------------

Date                                             Total               Year Ended             Year Ended             Year Ended
Issued        Description of Issuance         Outstanding            31-Dec-99               31-Dec-98              31-Dec-97
------        -----------------------         -----------            ---------               ---------              ---------
<S>           <C>                             <C>                    <C>                     <C>                    <C>
11/30/98             Common Stock                 21,875                 21,875                  1,858
12/02/98             Common Stock                    642                    642                     52
12/07/98             Common Stock                 12,672                 12,672                    833
12/08/98             Common Stock                 18,802                 18,802                  1,184
12/11/98             Common Stock                  3,125                  3,125                    172
12/15/98             Common Stock                    391                    391                     17
12/22/98             Common Stock                     58                     58                      2
12/23/98             Common Stock                    148                    148                      3
12/24/98             Common Stock                    125                    125                      3
12/29/98             Common Stock                 15,625                 15,625                     86
12/30/98             Common Stock                  2,402                  2,402                      6
12/31/98             Common Stock                 13,413                 13,413
01/04/99             Common Stock                  6,250                  6,182
01/06/99             Common Stock                    469                    461
01/07/99             Common Stock                    156                    153
01/11/99             Common Stock                 46,044                 44,655
01/12/99             Common Stock                115,782                111,974
01/14/99             Common Stock                  2,394                  2,302
01/15/99             Common Stock                  7,031                  6,742
01/19/99             Common Stock                    250                    237
01/20/99             Common Stock                 28,125                 26,584
01/21/99             Common Stock                  1,876                  1,768
01/22/99             Common Stock                 10,574                  9,937
01/25/99             Common Stock                 80,158                 74,667
01/26/99             Common Stock                 14,687                 13,641
01/27/99             Common Stock                    938                    868
01/28/99             Common Stock                  4,688                  4,328
01/29/99             Common Stock                 18,906                 17,404
02/01/99             Common Stock                  5,313                  4,846
02/02/99             Common Stock                 13,438                 12,222
02/03/99             Common Stock                    499                    452
02/05/99             Common Stock                 35,976                 32,425
02/08/99             Common Stock                  4,219                  3,768
02/09/99             Common Stock                  6,250                  5,565
02/10/99             Common Stock                 27,083                 24,041
02/12/99             Common Stock                  9,464                  8,350
02/16/99             Common Stock                  5,313                  4,629
02/17/99             Common Stock                 10,625                  9,228
02/19/99             Common Stock                  7,813                  6,742
02/22/99             Common Stock                     75                     64
02/23/99             Common Stock                  6,563                  5,591
02/26/99             Common Stock                 39,844                 33,622
03/01/99             Common Stock                 40,625                 33,947
03/03/99             Common Stock                    274                    227
03/05/99             Common Stock                     57                     48
03/08/99             Common Stock             19,855,189             16,210,538
03/11/99             Common Stock                 20,677                 16,711
03/12/99             Common Stock                 10,000                  8,054
03/15/99             Common Stock                 16,615                 13,245
03/16/99             Common Stock                 15,939                 12,662
</TABLE>
<PAGE>   4
EXHIBIT 11

                                NTL INCORPORATED

                       CALCULATION OF NET LOSS PER SHARE

<TABLE>
                                                                                  Weighted Average Number of Shares
                                                                                  ---------------------------------

Date                                             Total               Year Ended             Year Ended             Year Ended
Issued        Description of Issuance         Outstanding            31-Dec-99               31-Dec-98              31-Dec-97
------        -----------------------         -----------            ---------               ---------              ---------
<S>           <C>                             <C>                    <C>                     <C>                    <C>
03/17/99             Common Stock                 5,125                 4,058
03/23/99             Common Stock                 7,019                 5,442
03/26/99             Common Stock                39,068                29,970
03/30/99             Common Stock                14,377                10,870
03/31/99             Common Stock                70,326                52,985
04/01/99             Common Stock                10,156                 7,624
04/08/99             Common Stock               465,893               340,804
04/09/99             Common Stock                   469                   342
04/12/99             Common Stock                    63                    45
04/13/99             Common Stock                19,063                13,683
04/14/99             Common Stock                19,531                13,966
04/15/99             Common Stock                29,689                21,147
04/19/99             Common Stock                17,368                12,180
04/20/99             Common Stock                   625                   437
04/21/99             Common Stock                    31                    22
04/23/99             Common Stock                    63                    43
04/26/99             Common Stock                29,890                20,391
04/28/99             Common Stock                17,031                11,526
04/29/99             Common Stock                24,688                16,639
04/30/99             Common Stock                 7,813                 5,244
05/03/99             Common Stock                14,063                 9,324
05/04/99             Common Stock                15,625                10,317
05/05/99             Common Stock                 9,156                 6,021
05/07/99             Common Stock                20,423                13,317
05/10/99             Common Stock                15,775                10,157
05/12/99             Common Stock                 3,438                 2,194
05/14/99             Common Stock                22,188                14,042
05/17/99             Common Stock                 1,563                   976
05/18/99             Common Stock               100,938                62,775
05/19/99             Common Stock                 2,188                 1,354
05/20/99             Common Stock                58,552                36,094
05/21/99             Common Stock                 8,396                 5,152
05/24/99             Common Stock                 6,852                 4,149
05/25/99             Common Stock                11,874                 7,156
05/26/99             Common Stock                16,250                 9,750
05/28/99             Common Stock                 6,563                 3,902
06/02/99             Common Stock                11,781                 6,843
06/04/99             Common Stock                31,250                17,979
06/07/99             Common Stock                   141                    80
06/08/99             Common Stock                52,032                29,366
06/10/99             Common Stock               542,944               303,453
06/11/99             Common Stock                 3,907                 2,173
06/14/99             Common Stock                97,524                53,438
06/15/99             Common Stock                   156                    85
06/16/99             Common Stock                 7,500                 4,068
06/17/99             Common Stock               575,574               310,651
06/18/99             Common Stock                 7,969                 4,279
06/21/99             Common Stock               850,569               449,753
06/22/99             Common Stock             4,415,447             2,320,208
06/24/99             Common Stock               571,959               297,732
</TABLE>
<PAGE>   5
EXHIBIT 11

                                NTL INCORPORATED

                       CALCULATION OF NET LOSS PER SHARE

<TABLE>
                                                                                  Weighted Average Number of Shares
                                                                                  ---------------------------------

Date                                             Total               Year Ended             Year Ended             Year Ended
Issued        Description of Issuance         Outstanding            31-Dec-99               31-Dec-98              31-Dec-97
------        -----------------------         -----------            ---------               ---------              ---------
<S>           <C>                             <C>                   <C>                      <C>                    <C>
06/28/99             Common Stock             3,024,169             1,541,084
07/08/99             Common Stock                 6,656                 3,210
07/09/99             Common Stock                 3,438                 1,648
07/13/99             Common Stock             1,273,094               596,436
07/14/99             Common Stock                78,414                36,522
07/20/99             Common Stock                18,345                 8,241
07/22/99             Common Stock                39,367                17,471
07/23/99             Common Stock                 1,406                   620
07/26/99             Common Stock                   156                    68
07/28/99             Common Stock                20,592                 8,801
08/02/99             Common Stock                   969                   401
08/05/99             Common Stock                29,063                11,784
08/09/99             Common Stock                 2,500                   986
08/12/99             Common Stock                 8,136                 3,143
08/13/99             Common Stock             4,222,974             1,619,771
08/16/99             Common Stock                 3,750                 1,408
08/17/99             Common Stock                 6,250                 2,329
08/18/99             Common Stock                 4,073                 1,506
08/20/99             Common Stock                 4,845                 1,765
08/23/99             Common Stock                24,531                 8,737
09/03/99             Common Stock                   938                   306
09/07/99             Common Stock                   470                   148
09/09/99             Common Stock                 1,954                   604
09/10/99             Common Stock                12,610                 3,869
09/13/99             Common Stock                 1,402                   418
09/17/99             Common Stock                 3,125                   899
09/21/99             Common Stock                 1,563                   432
09/23/99             Common Stock                25,471                 6,909
09/27/99             Common Stock                 1,719                   447
09/30/99             Common Stock                   625                   158
10/04/99             Common Stock                 8,487                 2,045
10/12/99             Common Stock                 2,266                   496
10/15/99             Common Stock                 1,563                   330
10/21/99             Common Stock                   416                    81
10/25/99             Common Stock                 4,688                   860
10/26/99             Common Stock               156,516                28,301
11/02/99             Common Stock                 1,250                   202
11/03/99             Common Stock                 8,438                 1,340
11/05/99             Common Stock                 5,938                   911
11/08/99             Common Stock                13,125                 1,906
11/10/99             Common Stock                32,941                 4,603
11/12/99             Common Stock                22,814                 3,063
11/15/99             Common Stock                 6,220                   783
11/16/99             Common Stock                13,750                 1,695
11/18/99             Common Stock                   626                    74
11/19/99             Common Stock                26,875                 3,092
11/22/99             Common Stock                15,000                 1,603
11/23/99             Common Stock                   264                    27
11/24/99             Common Stock                20,815                 2,014
11/29/99             Common Stock                   156                    14
</TABLE>
<PAGE>   6
EXHIBIT 11

                                NTL INCORPORATED

                       CALCULATION OF NET LOSS PER SHARE

<TABLE>
<CAPTION>
                                                                                  Weighted Average Number of Shares
                                                                                  ---------------------------------
Date                                             Total               Year Ended             Year Ended             Year Ended
Issued        Description of Issuance         Outstanding            31-Dec-99               31-Dec-98              31-Dec-97
------        -----------------------         -----------            ---------               ---------              ---------
<S>           <C>                             <C>                    <C>                     <C>                    <C>
12/01/99             Common Stock              3,750                    308
12/03/99             Common Stock             12,875                    988
12/07/99             Common Stock             15,313                  1,007
12/08/99             Common Stock             15,563                    981
12/10/99             Common Stock             33,201                  1,910
12/13/99             Common Stock              2,594                    128
12/16/99             Common Stock             15,189                    625
12/17/99             Common Stock             91,542                  3,510
12/21/99             Common Stock              5,000                    137
12/22/99             Common Stock              2,500                     62
12/23/99             Common Stock             76,408                  1,674
12/27/99             Common Stock             27,345                    300
12/29/99             Common Stock             51,261                    281
12/30/99             Common Stock             13,744                     37
12/31/99             Common Stock             14,250
                                         ---------------------------------------------------------------------------------------
                     Total               132,415,895            119,418,138                   64,378,182              50,182,745
                                         =======================================================================================

                     Loss before extraordinary item           ($732,683,000)               ($503,927,000)         ($328,557,000)
                     Preferred stock dividend                   (73,709,000)                 (18,761,000)           (11,978,000)
                                                              ------------------------------------------------------------------
                                                               (806,392,000)                (522,688,000)          (340,535,000)

                     Extraordinary item                          (3,034,000)                 (30,689,000)            (4,500,000)
                                                              ------------------------------------------------------------------
                     Loss available to common
                        shareholders                          ($809,426,000)               ($553,377,000)         ($345,035,000)
                                                              ==================================================================
                     Basic and diluted net loss per
                        common share:
                     Loss before extraordinary item                  ($6.75)                      ($8.12)                ($6.79)
                     Extraordinary item                               (0.03)                       (0.48)                 (0.09)
                                                              ------------------------------------------------------------------
                     Net loss                                        ($6.78)                      ($8.60)                ($6.88)
                                                              ==================================================================
</TABLE>






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