EX-11 5 dex11.txt STATEMENT REGARDING 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, ----------------------------------------------------------- 1998 1999 2000 2001 2002 -------- -------- -------- -------- -------- Loss before cumulative effect of change in accounting principle..... $(37,775) $ (94,347) $(204,786) $(366,167) $(272,521) Dividends on preferred stock........ (5,411) (28,881) (59,469) (79,028) (79,786) Gains on repurchases of preferred stock.................... -- -- -- -- 99,424 -------- --------- --------- --------- --------- Loss before cumulative effect of change in accounting principle applicable to common stock for basic and diluted computations..... (43,186) (123,228) (264,255) (445,195) (252,883) Cumulative effect of change in accounting principle............... -- (2,414) -- -- -- -------- --------- --------- --------- --------- Net loss applicable to common stock for basic and diluted computations............... $(43,186) $(125,642) $(264,255) $(445,195) $(252,883) ======== ========= ========= ========= ========= Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands)..................... 42,518 131,466 178,588 214,246 218,028 ======== ========= ========= ========= ========= Per common share--basic and diluted: Loss before cumulative effect of change in accounting principle... $ (1.02) $ (0.94) $ (1.48) $ (2.08) $ (1.16) Cumulative effect of change in accounting principle............... -- (0.02) -- -- -- -------- --------- --------- --------- --------- Net loss......................... $ (1.02) $ (0.96) $ (1.48) $ (2.08) $ (1.16) ======== ========= ========= ========= =========