EX-11 3 dex11.txt STATEMENT RE. COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 CROWN CASTLE INTERNATIONAL CORP. COMPUTATION OF NET LOSS PER COMMON SHARE (IN THOUSANDS OF DOLLARS, EXCEPT PER SHARE AMOUNTS)
YEARS ENDED DECEMBER 31, ------------------------------------------------------------ 1997 1998 1999 2000 2001 -------- -------- -------- -------- -------- Loss before extraordinary item and cumulative effect of change in accounting principle............... $(11,942) $(37,775) $ (94,347) $(203,291) $(366,167) Dividends on preferred stock........ (2,199) (5,411) (28,881) (59,469) (79,028) -------- -------- --------- --------- --------- Loss before extraordinary item and cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations............... (14,141) (43,186) (123,228) (262,760) (445,195) Extraordinary item.................. -- -- -- (1,495) -- Cumulative effect of change in accounting principle............... -- -- (2,414) -- -- -------- -------- --------- --------- --------- Net loss applicable to common stock for basic and diluted computations............... $(14,141) $(43,186) $(125,642) $(264,255) $(445,195) ======== ======== ========= ========= ========= Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands)..................... 6,238 42,518 131,466 178,588 214,246 ======== ======== ========= ========= ========= Per common share--basic and diluted: Loss before extraordinary item and cumulative effect of change in accounting principle............. $ (2.27) $ (1.02) $ (0.94) $ (1.47) $ (2.08) Extraordinary item.................. -- -- -- (0.01) -- Cumulative effect of change in accounting principle............... -- -- (0.02) -- -- -------- -------- --------- --------- --------- Net loss......................... $ (2.27) $ (1.02) $ (0.96) $ (1.48) $ (2.08) ======== ======== ========= ========= =========