EX-11 11 s615514.txt EXHIBIT 11.1
EXHIBIT 11.1 CORECOMM LIMITED CALCULATION OF NET (LOSS) PER SHARE Weighted Average Number of Shares (1) ----------------------------------------------------------------------------- Date Total Year Ended Year Ended Year Ended Issued Description of Issuance Outstanding 31-Dec-01 31-Dec-00 31-Dec-99 --------------------------------------------------------------------------------------------------------------------------- Balance 12/31/98 29,697,710 29,697,710 29,697,710 29,697,710 01/26/99 Common Stock 2,250 2,250 2,250 2,090 02/09/99 Common Stock 704 704 704 627 02/23/99 Common Stock 1,350 1,350 1,350 1,150 02/24/99 Common Stock 28,800 28,800 28,800 24,460 03/01/99 Common Stock 5,400 5,400 5,400 4,512 03/02/99 Common Stock 11,925 11,925 11,925 9,932 03/05/99 Common Stock 3,375 3,375 3,375 2,783 03/08/99 Common Stock 225 225 225 184 03/09/99 Common Stock 38,250 38,250 38,250 31,124 03/23/99 Common Stock 225 225 225 174 04/01/99 Common Stock 6,750 6,750 6,750 5,067 04/27/99 Common Stock 225 225 225 153 04/28/99 Common Stock 13,500 13,500 13,500 9,136 04/29/99 Common Stock 450,000 450,000 450,000 303,288 04/30/99 Common Stock 900 900 900 604 05/06/99 Common Stock 562,500 562,500 562,500 368,322 05/07/99 Common Stock 46,517 46,517 46,517 30,331 05/10/99 Common Stock 11,250 11,250 11,250 7,243 05/21/99 Common Stock 394 394 394 242 05/24/99 Common Stock 384,082 384,082 384,082 232,554 05/26/99 Common Stock 615,269 615,269 615,269 369,162 05/28/99 Common Stock 506 506 506 301 06/04/99 Common Stock 13,500 13,500 13,500 7,767 06/08/99 Common Stock 209,930 209,930 209,930 118,481 06/09/99 Common Stock 1,989,108 1,989,108 1,989,108 1,117,170 06/10/99 Common Stock 5,850 5,850 5,850 3,270 06/11/99 Common Stock 347,312 347,312 347,312 193,163 06/14/99 Common Stock 59,063 59,063 59,063 32,363 06/15/99 Common Stock 445,080 445,080 445,080 242,660 06/18/99 Common Stock 628,808 628,808 628,808 337,661 06/22/99 Common Stock 102,150 102,150 102,150 53,734 06/24/99 Common Stock 84,926 84,926 84,926 44,208 06/25/99 Common Stock 388,220 388,220 388,220 201,024 06/28/99 Common Stock 59,659 59,659 59,659 30,401 06/29/99 Common Stock 2,954 2,954 2,954 1,497 06/30/99 Common Stock 19,969 19,969 19,969 10,067 07/01/99 Common Stock 2,954 2,954 2,954 1,481 07/02/99 Common Stock 25,693 25,693 25,693 12,811 07/06/99 Common Stock 4,135 4,135 4,135 2,017 07/07/99 Common Stock 1,181 1,181 1,181 573 07/08/99 Common Stock 1,181 1,181 1,181 570 07/20/99 Common Stock 2,239 2,239 2,239 1,006 07/26/99 Common Stock 1,181 1,181 1,181 511 07/30/99 Common Stock 900 900 900 380 08/03/99 Common Stock 22,671 22,671 22,671 9,317 08/04/99 Common Stock 4,500 4,500 4,500 1,837 08/05/99 Common Stock 225 225 225 91 08/10/99 Common Stock 4,255 4,255 4,255 1,667 08/11/99 Common Stock 1,181 1,181 1,181 460 08/12/99 Common Stock 1,181 1,181 1,181 456 08/26/99 Common Stock 1,396,573 1,396,573 1,396,573 485,931 08/27/99 Common Stock 272,520 272,520 272,520 94,075 08/30/99 Common Stock 1,181 1,181 1,181 398 09/08/99 Common Stock 3,090 3,090 3,090 965 09/10/99 Common Stock 600 600 600 184 09/16/99 Common Stock 141,848 141,848 141,848 41,194 09/17/99 Common Stock 14,508 14,508 14,508 4,174 09/20/99 Common Stock 1,182 1,182 1,182 330 09/24/99 Common Stock 225 225 225 60 09/29/99 Common Stock 300 300 300 76 10/06/99 Common Stock 50,466 50,466 50,466 11,891 10/22/99 Common Stock 25,305 25,305 25,305 4,853 11/01/99 Common Stock 150 150 150 25 11/08/99 Common Stock 52,500 52,500 52,500 7,623 11/15/99 Common Stock 1,482 1,482 1,482 187 11/22/99 Common Stock 900 900 900 96 12/01/99 Common Stock 45,014 45,014 45,014 3,700 12/17/99 Common Stock 12,825 12,825 12,825 492 12/20/99 Common Stock 82,591 82,591 82,591 2,489 12/23/99 Common Stock 115,309 115,309 115,309 2,527 12/29/99 Common Stock 1,182 1,182 1,182 6 12/31/99 Common Stock 24,149 24,149 24,149 01/06/00 Common Stock 6,825 6,825 6,713 01/11/00 Common Stock 44,775 44,775 43,429 01/12/00 Common Stock (10,759) (10,759) (10,407) 01/13/00 Common Stock 3,882 3,882 3,744 01/14/00 Common Stock 1,182 1,182 1,137 01/19/00 Common Stock 4,410 4,410 4,181 01/20/00 Common Stock 6,668 6,668 6,303 01/21/00 Common Stock 657 657 620 01/25/00 Common Stock 3,917 3,917 3,650 01/26/00 Common Stock 7,500 7,500 6,967 01/28/00 Common Stock 37,656 37,656 34,776 01/31/00 Common Stock 2,500 2,500 2,288 02/02/00 Common Stock 25,000 25,000 22,746 02/03/00 Common Stock 18,000 18,000 16,328 02/08/00 Common Stock 72,164 72,164 64,474 02/09/00 Common Stock 12,000 12,000 10,688 02/10/00 Common Stock 129,199 129,199 114,726 02/11/00 Common Stock 28,030 28,030 24,814 02/14/00 Common Stock 21,042 21,042 18,456 02/18/00 Common Stock 4,500 4,500 3,898 02/22/00 Common Stock 10,500 10,500 8,980 02/24/00 Common Stock 13,500 13,500 11,472 02/28/00 Common Stock 47,114 47,114 39,519 03/01/00 Common Stock 20,250 20,250 16,875 03/02/00 Common Stock 51,665 51,665 42,913 03/06/00 Common Stock 66,330 66,330 54,368 03/07/00 Common Stock (139) (139) (114) 03/09/00 Common Stock 80,578 80,578 65,387 03/10/00 Common Stock 31,531 31,531 25,500 03/14/00 Common Stock 54,488 54,488 43,472 03/15/00 Common Stock (83) (83) (65) 03/16/00 Common Stock 16,415 16,415 13,006 03/17/00 Common Stock 2,520 2,520 1,990 03/21/00 Common Stock 251,566 251,566 195,892 03/28/00 Common Stock 47 47 36 03/29/00 Common Stock 178,131 178,131 134,815 03/31/00 Common Stock 550 550 413 04/03/00 Common Stock 21,500 21,500 15,978 04/05/00 Common Stock 70,875 70,875 52,285 04/07/00 Common Stock 1,200 1,200 879 04/10/00 Common Stock (541) (541) (392) 04/11/00 Common Stock 21,095 21,095 15,216 04/14/00 Common Stock 600 600 428 04/18/00 Common Stock 105,621 105,621 74,166 04/24/00 Common Stock 14,064 14,064 9,645 05/04/00 Common Stock 30,540 30,540 20,109 05/08/00 Common Stock 1,500 1,500 971 05/10/00 Common Stock 1,000 1,000 642 05/11/00 Common Stock 1,200 1,200 769 05/15/00 Common Stock 10,120 10,120 6,359 05/16/00 Common Stock 40 40 25 05/18/00 Common Stock 1,080 1,080 670 05/22/00 Common Stock 240 240 144 05/24/00 Common Stock 40 40 24 05/30/00 Common Stock 13,500 13,500 7,930 06/05/00 Common Stock 40,627 40,627 23,199 06/07/00 Common Stock 30 30 17 06/14/00 Common Stock 4,000 4,000 2,186 06/16/00 Common Stock 1,250 1,250 676 06/20/00 Common Stock 3,678 3,678 1,949 06/22/00 Common Stock 1,040 1,040 546 06/26/00 Common Stock 1,262 1,262 648 06/29/00 Common Stock 4,300 4,300 2,174 07/07/00 Common Stock 700 700 339 07/18/00 Common Stock 1,500 1,500 680 07/19/00 Common Stock 1,020 1,020 460 07/28/00 Common Stock 8,500 8,500 3,623 08/08/00 Common Stock 750 750 297 08/17/00 Common Stock 20,875 20,875 7,757 09/22/00 Common Stock 11,813 11,813 3,228 09/29/00 Common Stock 30,149,477 30,149,477 7,660,933 09/29/00 Treasury Stock (1,328,682) (1,328,682) (337,616) 10/24/00 Common Stock 1,684,779 1,684,779 313,019 01/02/01 Common Stock 541,659 538,691 01/09/01 Common Stock 1,173 1,144 01/12/01 Common Stock 1,181 1,142 03/05/01 Common Stock 20 16 04/12/01 Common Stock 25,446,202 18,335,209 04/19/01 Common Stock 351,113 246,260 10/01/01 Common Stock 43,513,048 10,848,459 12/14/01 Common Stock 2 0 12/26/01 Common Stock (228,408) (3,129) ----------------------------------------------------------------------------- Total 140,326,706 100,668,508 47,479,965 34,189,068 =============================================================================
Year Ended December 31, 2001 2000 1999 ----------------- ------------------ ------------------ Loss before extraordinary item ($659,088,000) ($313,811,000) ($103,524,000) Preferred stock dividend (17,808,000) (4,491,000) - Preferred stock accretion to redemption value (4,579,000) (1,099,000) - ----------------- ------------------ ------------------ Loss available to common shareholders before extraordinary item (681,475,000) (319,401,000) (103,524,000) Extraordinary item 39,498,000 - - ----------------- ------------------ ------------------ Loss available to common shareholders ($641,977,000) ($319,401,000) ($103,524,000) ================= ================== ================== Basic and diluted net loss per share: Loss before extraordinary item ($6.77) ($6.73) ($3.03) Extraordinary item 0.39 - - ----------------- ------------------ ------------------ Net loss per common share ($6.38) ($6.73) ($3.03) ================= ================== ================== (1) The weighted average number of shares are equivalent to Cellular Communications of Puerto Rico Inc.'s historical weighted average shares on a one-for-one basis, plus CoreComm Limited's weighted average shares in the 1998 period.