EX-11 5 dex11.htm COMPUTATION OF NET LOSS Computation of Net Loss

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,

 
     1999

    2000

    2001

    2002

    2003

 

Loss before cumulative effect of changes in accounting principles

   $ (94,347 )   $ (204,786 )   $ (366,167 )   $ (272,521 )   $ (396,330 )

Dividends on preferred stock

     (28,881 )     (59,469 )     (79,028 )     (79,786 )     (54,294 )

Gains (losses) on purchases of preferred stock

     —         —         —         99,424       349  
    


 


 


 


 


Loss before cumulative effect of changes in accounting principles applicable to common stock for basic and diluted computations

     (123,228 )     (264,255 )     (445,195 )     (252,883 )     (450,275 )

Cumulative effect of changes in accounting principles

     (2,414 )     —         —         —         (2,035 )
    


 


 


 


 


Net loss applicable to common stock for basic and diluted computations

   $ (125,642 )   $ (264,255 )   $ (445,195 )   $ (252,883 )   $ (452,310 )
    


 


 


 


 


Weighted-average number of common shares outstanding during the period for basic and diluted computations (in thousands)

     131,466       178,588       214,246       218,028       216,947  
    


 


 


 


 


Per common share—basic and diluted:

                                        

Loss before cumulative effect of change in accounting principle

   $ (0.94 )   $ (1.48 )   $ (2.08 )   $ (1.16 )   $ (2.08 )

Cumulative effect of change in accounting principle

     (0.02 )     —         —         —         (0.01 )
    


 


 


 


 


Net loss

   $ (0.96 )   $ (1.48 )   $ (2.08 )   $ (1.16 )   $ (2.09 )