Cash flow Crown Castle Inc.

Equities

CCI

US22822V1017

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2025-12-04 pm EST			5-day change	1st Jan Change
88.61 ^USD	+0.32%		-2.14%	-2.37%

Dec. 03	BMO Capital Adjusts Price Target on Crown Castle to $107 From $114, Maintains Outperform Rating	MT
Dec. 01	Crown Castle Shares Fall After Downgrade From Barclays	MT

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Published financial data: CROWN CASTLE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	5.32B	5.72B	6.29B	6.53B	6.36B
Other Revenues, Total	520M	621M	697M	449M	210M
Total Revenues	5.84B	6.34B	6.99B	6.98B	6.57B
Property Expenses	1.95B	1.99B	2.07B	1.98B	1.85B
Selling General & Admin Expenses, Total	678M	680M	750M	759M	706M
Depreciation & Amortization - (IS) - (Collected)	1.61B	1.64B	1.71B	1.75B	1.74B
Total Operating Expenses	4.24B	4.32B	4.52B	4.49B	4.29B
Operating Income (REIT / Utility Template)	1.6B	2.02B	2.46B	2.49B	2.28B
Interest Expense, Total	-689M	-657M	-699M	-850M	-932M
Interest and Investment Income	2M	1M	3M	15M	19M
Net Interest Expenses	-687M	-656M	-696M	-835M	-913M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-5M	-21M	-10M	-6M	-28M
EBT, Excl. Unusual Items	913M	1.35B	1.76B	1.65B	1.34B
Restructuring Charges	-20M	-	-	-85M	-109M
Total Merger & Related Restructuring Charges	-10M	-1M	-2M	-1M	-
Impairment of Goodwill	-	-	-	-	-4.96B
Asset Writedown	-74M	-21M	-34M	-33M	-148M
Other Unusual Items	267M	-145M	-28M	-	-
EBT, Incl. Unusual Items	1.08B	1.18B	1.69B	1.53B	-3.88B
Income Tax Expense	20M	21M	16M	26M	24M
Earnings From Continuing Operations	1.06B	1.16B	1.68B	1.5B	-3.9B
Earnings Of Discontinued Operations	-	-62M	-	-	-
Net Income to Company	1.06B	1.1B	1.68B	1.5B	-3.9B
Minority Interest	-	-	-	-	-
Net Income - (IS)	1.06B	1.1B	1.68B	1.5B	-3.9B
Preferred Dividend and Other Adjustments	57M	-	-	-	-
Net Income to Common Incl Extra Items	999M	1.1B	1.68B	1.5B	-3.9B
Net Income to Common Excl. Extra Items	999M	1.16B	1.68B	1.5B	-3.9B
Per Share Items
Net EPS - Basic	2.36	2.54	3.87	3.46	-8.99
Basic EPS - Continuing Operations	2.36	2.68	3.87	3.46	-8.99
Basic Weighted Average Shares Outstanding	423M	432M	433M	434M	434M
Net EPS - Diluted	2.35	2.53	3.86	3.46	-8.99
Diluted EPS - Continuing Operations	2.35	2.67	3.86	3.46	-8.99
Diluted Weighted Average Shares Outstanding	425M	434M	434M	434M	434M
Normalized Basic EPS	1.35	1.95	2.53	2.37	1.92
Normalized Diluted EPS	1.34	1.94	2.53	2.37	1.92
Dividend Per Share	4.93	5.46	5.98	6.26	6.26
Payout Ratio	207.39	216.51	155.34	181.29	-69.92
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	3.16B	3.61B	4.12B	4.2B	3.97B
EBITA	2B	2.43B	2.88B	2.91B	2.66B
EBIT	1.6B	2.02B	2.46B	2.49B	2.28B
EBITDAR	3.95B	4.42B	4.95B	5.11B	4.89B
Total Revenues (As Reported)	5.84B	6.34B	6.99B	6.98B	6.57B
Effective Tax Rate - (Ratio)	1.86	1.78	0.95	1.7	-0.62
Current Domestic Taxes	11M	9M	4M	9M	14M
Current Foreign Taxes	6M	8M	9M	9M	6M
Total Current Taxes	17M	17M	13M	18M	20M
Deferred Domestic Taxes	-	-	-	-	-1M
Deferred Foreign Taxes	3M	4M	3M	8M	5M
Total Deferred Taxes	3M	4M	3M	8M	4M
Normalized Net Income	571M	841M	1.1B	1.03B	835M
Interest Capitalized	17M	12M	12M	15M	20M
Interest on Long-Term Debt	706M	669M	711M	865M	952M
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	793M	810M	835M	913M	915M
Imputed Operating Lease Interest Expense	182M	165M	173M	223M	239M
Imputed Operating Lease Depreciation	611M	645M	662M	690M	676M
Stock-Based Comp., COGS (Total)	24M	22M	28M	29M	25M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	109M	109M	109M	128M	106M
Stock-Based Comp., Other (Total)	5M	-	19M	-	-
Total Stock-Based Compensation	138M	131M	156M	157M	131M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	32.43B	33.89B	35B	36.13B	36.84B
Accumulated Depreciation	-10.8B	-11.94B	-13.07B	-14.28B	-15.54B
Net Property Plant And Equipment	21.63B	21.95B	21.93B	21.85B	21.29B
Total Real Estate Assets	21.63B	21.95B	21.93B	21.85B	21.29B
Cash And Equivalents	232M	292M	156M	105M	119M
Accounts Receivable, Total	583M	635M	720M	597M	654M
Goodwill	10.08B	10.08B	10.08B	10.08B	5.13B
Other Intangibles, Total	4.43B	4.05B	3.6B	3.18B	2.78B
Restricted Cash	144M	169M	166M	171M	171M
Other Current Assets, Total	145M	158M	175M	159M	146M
Deferred Tax Assets Long-Term (Collected)	26M	26M	25M	47M	43M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.5B	1.68B	2.06B	2.33B	2.4B
Total Assets	38.77B	39.04B	38.92B	38.53B	32.74B
Liabilities
Current Portion of Long-Term Debt	129M	72M	819M	835M	610M
Current Portion of Leases	329M	349M	350M	332M	296M
Long-Term Debt	18.92B	20.32B	20.66B	21.82B	23.44B
Long-Term Leases	6.04B	6.27B	6.13B	5.83B	5.27B
Accounts Payable, Total	230M	246M	236M	252M	192M
Accrued Expenses, Total	577M	583M	590M	533M	555M
Unearned Revenue, Current	704M	776M	736M	605M	476M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	-	28M	48M
Unearned Revenue Non Current	1.71B	1.57B	1.34B	1.31B	1.36B
Deferred Tax Liability Non-Current	11M	14M	18M	26M	31M
Other Non Current Liabilities	661M	586M	595M	578M	598M
Total Liabilities	29.31B	30.78B	31.47B	32.15B	32.87B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	17.93B	18.01B	18.12B	18.27B	18.39B
Distributions In Excess Of Earnings	-8.47B	-9.75B	-10.67B	-11.89B	-18.52B
Comprehensive Income and Other	-4M	-4M	-5M	-4M	-5M
Total Common Equity	9.46B	8.26B	7.45B	6.38B	-133M
Total Equity	9.46B	8.26B	7.45B	6.38B	-133M
Total Liabilities And Equity	38.77B	39.04B	38.92B	38.53B	32.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	431M	432M	433M	434M	435M
ECS Total Common Shares Outstanding	431M	432M	433M	434M	435M
Book Value / Share	21.94	19.12	17.2	14.7	-0.31
Tangible Book Value	-5.05B	-5.87B	-6.23B	-6.88B	-8.04B
Tangible Book Value Per Share	-11.71	-13.58	-14.39	-15.86	-18.49
Total Debt	25.42B	27.01B	27.96B	28.81B	29.61B
Net Debt	25.18B	26.72B	27.8B	28.71B	29.49B
Debt Equivalent Oper. Leases	6.34B	6.48B	6.68B	7.3B	7.32B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	2.17B	2.26B	2.34B	2.44B	2.54B
Buildings, Total	147M	218M	221M	209M	213M
Full Time Employees	4.9K	5K	5K	4.7K	3.9K
Accumulated Allowance for Doubtful Accounts (Supple)	17M	17M	19M	19M	22M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.06B	1.1B	1.68B	1.5B	-3.9B
Depreciation, Depletion & Amortization	1.15B	1.18B	1.24B	1.28B	1.31B
Amortization of Goodwill and Intangible Assets - (CF)	399M	410M	417M	426M	382M
Total Depreciation, Depletion & Amortization	1.55B	1.59B	1.66B	1.71B	1.7B
Amortization of Deferred Charges, Total	6M	13M	17M	29M	32M
Total Asset Writedown	74M	21M	34M	33M	5.11B
Stock-Based Compensation (CF)	138M	129M	156M	157M	131M
Change in Accounts Receivable	166M	-113M	-49M	115M	6M
Change in Accounts Payable	-77M	15M	-5M	-14M	-22M
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-19M	-248M	-693M	-472M	-184M
Other Operating Activities	161M	286M	85M	67M	81M
Net Cash From Discontinued Operations	-	-62M	-	-	-
Cash from Operations	3.06B	2.73B	2.88B	3.13B	2.94B
Acquisition of Real Estate Assets, Total	-1.62B	-1.23B	-1.31B	-1.42B	-1.22B
Net Sale / Acquisition of Real Estate Assets	-1.62B	-1.23B	-1.31B	-1.42B	-1.22B
Cash Acquisitions	-107M	-111M	-35M	-96M	-8M
Other Investing Activities, Total	-10M	8M	-7M	1M	10M
Cash from Investing	-1.74B	-1.33B	-1.35B	-1.52B	-1.22B
Short Term Debt Issued, Total	130M	-	976M	-	1.34B
Long-Term Debt Issued, Total	6.16B	5.23B	4.24B	7.46B	1.24B
Total Debt Issued	6.29B	5.23B	5.22B	7.46B	2.58B
Short Term Debt Repaid, Total	-	-20M	-	-1.24B	-
Long-Term Debt Repaid, Total	-5.26B	-4.04B	-4.2B	-5.08B	-1.52B
Total Debt Repaid	-5.26B	-4.06B	-4.2B	-6.32B	-1.52B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-76M	-70M	-65M	-30M	-33M
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-2.1B	-2.37B	-2.6B	-2.72B	-2.73B
Preferred Dividends Paid	-85M	-	-	-	-
Common & Preferred Stock Dividends Paid	-2.19B	-2.37B	-2.6B	-2.72B	-2.73B
Other Financing Activities, Total	-38M	-42M	-14M	-39M	-12M
Cash from Financing	-1.27B	-1.31B	-1.66B	-1.65B	-1.71B
Foreign Exchange Rate Adjustments	-	-	-	1M	-1M
Net Change in Cash	43M	85M	-139M	-46M	14M
Supplemental Items
Cash Interest Paid	653M	661M	684M	800M	895M
Cash Income Tax Paid (Refund)	19M	20M	10M	18M	17M
Net Debt Issued / Repaid	1.03B	1.18B	1.02B	1.14B	1.07B
Levered Free Cash Flow	768M	1.36B	1.48B	1.48B	1.29B
Unlevered Free Cash Flow	1.19B	1.76B	1.9B	1.99B	1.84B
Change In Net Working Capital	-126M	-4M	142M	10M	191M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.6	3.25	3.95	4.02	3.99
Return on Total Capital	2.9	3.6	4.35	4.4	4.4
Return On Equity %	10.59	13.07	21.33	21.72	-124.94
Return on Common Equity	10.02	13.07	21.33	21.72	-124.94
Margin Analysis
Gross Profit Margin %	66.63	68.56	70.4	71.64	71.88
SG&A Margin	11.61	10.73	10.74	10.87	10.75
EBITDA Margin %	54.02	56.99	58.96	60.12	60.49
EBITA Margin %	34.32	38.38	41.2	41.74	40.48
EBIT Margin %	27.48	31.91	35.23	35.64	34.67
Income From Continuing Operations Margin %	18.08	18.26	23.98	21.52	-59.42
Net Income Margin %	18.08	17.29	23.98	21.52	-59.42
Net Avail. For Common Margin %	17.11	18.26	23.98	21.52	-59.42
Normalized Net Income Margin	9.77	13.27	15.7	14.75	12.71
Levered Free Cash Flow Margin	13.16	21.49	21.19	21.27	19.59
Unlevered Free Cash Flow Margin	20.43	27.77	27.2	28.46	27.97
Asset Turnover
Asset Turnover	0.15	0.16	0.18	0.18	0.18
Fixed Assets Turnover	0.28	0.29	0.32	0.32	0.3
Receivables Turnover (Average Receivables)	8.23	9.39	9.28	9.92	10.16
Short Term Liquidity
Current Ratio	0.56	0.62	0.45	0.4	0.5
Quick Ratio	0.41	0.46	0.32	0.27	0.36
Operating Cash Flow to Current Liabilities	1.55	1.35	1.05	1.21	1.35
Days Sales Outstanding (Average Receivables)	44.48	38.87	39.32	36.8	36.01
Average Days Payable Outstanding	52.96	43.59	42.54	44.98	43.99
Long Term Solvency
Total Debt/Equity	268.65	327.06	375.35	451.56	-22.27K
Total Debt / Total Capital	72.87	76.58	78.96	81.87	100.45
LT Debt/Equity	263.81	321.97	359.66	433.27	-21.58K
Long-Term Debt / Total Capital	71.56	75.39	75.66	78.55	97.38
Total Liabilities / Total Assets	75.6	78.85	80.86	83.44	100.41
EBIT / Interest Expense	2.33	3.08	3.52	2.93	2.44
EBITDA / Interest Expense	5.73	6.73	7.09	6.01	5.24
(EBITDA - Capex) / Interest Expense	3.37	4.86	5.21	4.34	3.93
Total Debt / EBITDA	6.44	6.11	5.64	5.64	6.06
Net Debt / EBITDA	6.38	6.04	5.61	5.62	6.03
Total Debt / (EBITDA - Capex)	10.94	8.46	7.67	7.82	8.08
Net Debt / (EBITDA - Capex)	10.84	8.36	7.63	7.79	8.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.34	8.56	10.19	-0.07	-5.92
Gross Profit, 1 Yr. Growth %	3.02	11.72	13.14	1.69	-5.6
EBITDA, 1 Yr. Growth %	1.84	14.52	14	1.89	-5.34
EBITA, 1 Yr. Growth %	1.78	21.41	18.29	1.25	-8.75
EBIT, 1 Yr. Growth %	0.88	26.04	21.65	1.1	-8.48
Earnings From Cont. Operations, 1 Yr. Growth %	22.79	9.66	44.65	-10.33	-359.85
Net Income, 1 Yr. Growth %	22.79	3.79	52.83	-10.33	-359.85
Diluted EPS Before Extra, 1 Yr. Growth %	31.28	13.62	44.57	-10.36	-359.92
Normalized Net Income, 1 Yr. Growth %	-0.22	47.43	30.39	-6.15	-18.88
Net Property, Plant and Equip., 1 Yr. Growth %	3.98	1.5	-0.08	-0.36	-2.57
Accounts Receivable, 1 Yr. Growth %	-17.89	8.92	13.39	-17.08	9.55
Total Assets, 1 Yr. Growth %	0.81	0.7	-0.3	-1.01	-15.03
Common Equity, 1 Yr. Growth %	-9.8	-12.72	-9.8	-14.34	-102.08
Tangible Book Value, 1 Yr. Growth %	14.12	16.16	6.24	10.45	16.82
Cash From Operations, 1 Yr. Growth %	13.23	-10.74	5.54	8.62	-5.85
Capital Expenditures, 1 Yr. Growth %	-21.05	-24.32	6.59	8.7	-14.19
Levered Free Cash Flow, 1 Yr. Growth %	281.39	77.33	8.62	0.3	-13.34
Unlevered Free Cash Flow, 1 Yr. Growth %	90.18	47.54	7.94	4.57	-7.54
Dividend Per Share, 1 Yr. Growth %	7.64	10.75	9.43	4.68	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.28	4.89	9.37	4.93	-3.04
Gross Profit, 2 Yr. CAGR %	5.05	7.28	12.43	7.26	-2.02
EBITDA, 2 Yr. CAGR %	4.43	7.99	14.26	7.78	-1.79
EBITA, 2 Yr. CAGR %	5.28	11.16	20.38	9.89	-3.54
EBIT, 2 Yr. CAGR %	5.72	12.76	23.83	10.9	-3.81
Earnings From Cont. Operations, 2 Yr. CAGR %	30.3	16.04	25.94	13.89	52.65
Net Income, 2 Yr. CAGR %	30.3	12.89	25.94	17.07	52.65
Diluted EPS Before Extra, 2 Yr. CAGR %	38.22	22.13	28.16	13.84	52.64
Normalized Net Income, 2 Yr. CAGR %	6.83	21.29	38.64	10.62	-12.75
Net Property, Plant and Equip., 2 Yr. CAGR %	25.86	2.73	0.71	-0.22	-1.47
Accounts Receivable, 2 Yr. CAGR %	-0.85	-5.43	11.13	-3.04	-4.69
Total Assets, 2 Yr. CAGR %	8.78	0.76	0.2	-0.66	-8.29
Common Equity, 2 Yr. CAGR %	-9.58	-11.27	-11.27	-12.1	-86.64
Tangible Book Value, 2 Yr. CAGR %	12.04	15.14	11.09	8.32	13.59
Cash From Operations, 2 Yr. CAGR %	10.54	0.54	-2.94	7.07	1.12
Capital Expenditures, 2 Yr. CAGR %	-3.36	-22.7	-10.19	7.64	-3.42
Levered Free Cash Flow, 2 Yr. CAGR %	35.39	160.06	38.79	4.38	-6.77
Unlevered Free Cash Flow, 2 Yr. CAGR %	21.11	67.51	26.2	6.24	-1.67
Dividend Per Share, 2 Yr. CAGR %	7.33	9.19	10.09	7.08	2.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.13	5.69	6.63	6.13	1.18
Gross Profit, 3 Yr. CAGR %	12.79	7.23	9.2	8.73	2.79
EBITDA, 3 Yr. CAGR %	11.96	7.69	9.96	9.98	3.22
EBITA, 3 Yr. CAGR %	14.53	10.4	13.49	13.63	3.29
EBIT, 3 Yr. CAGR %	15.38	12.1	15.65	15.73	4.02
Earnings From Cont. Operations, 3 Yr. CAGR %	42.36	23.02	24.88	12.46	49.93
Net Income, 3 Yr. CAGR %	42.36	20.78	24.88	12.46	52.71
Diluted EPS Before Extra, 3 Yr. CAGR %	43.22	29.48	29.19	13.76	49.9
Normalized Net Income, 3 Yr. CAGR %	24.42	18.94	24.25	21.73	-0.25
Net Property, Plant and Equip., 3 Yr. CAGR %	18.69	17.15	1.79	0.35	-1.01
Accounts Receivable, 3 Yr. CAGR %	6.4	2.31	0.47	0.79	0.99
Total Assets, 3 Yr. CAGR %	6.35	6.02	0.4	-0.21	-5.7
Common Equity, 3 Yr. CAGR %	-8.47	-10.63	-10.78	-12.3	-74.75
Tangible Book Value, 3 Yr. CAGR %	11.49	13.4	12.09	10.87	11.09
Cash From Operations, 3 Yr. CAGR %	14.56	2.94	2.18	0.77	2.57
Capital Expenditures, 3 Yr. CAGR %	10.09	-10.93	-13.96	-4.29	-0.19
Levered Free Cash Flow, 3 Yr. CAGR %	6.89	48.13	94.4	24.55	-1.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.43	29.34	44.68	18.53	1.43
Dividend Per Share, 3 Yr. CAGR %	8.13	8.46	9.27	8.29	4.66
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.77	10.09	10.42	5.39	2.65
Gross Profit, 5 Yr. CAGR %	10.68	11.88	12.64	7.24	4.56
EBITDA, 5 Yr. CAGR %	9.58	11.75	12.88	7.73	5.1
EBITA, 5 Yr. CAGR %	10.4	14.43	16.62	10.02	6.19
EBIT, 5 Yr. CAGR %	10.03	15.13	18.69	11.62	7.43
Earnings From Cont. Operations, 5 Yr. CAGR %	14.99	26.53	35.55	19.28	35.33
Net Income, 5 Yr. CAGR %	-7.04	25.15	35.55	19.28	35.33
Diluted EPS Before Extra, 5 Yr. CAGR %	10.45	22.96	36.99	22.98	38.11
Normalized Net Income, 5 Yr. CAGR %	11.84	23.06	29.93	15.54	7.86
Net Property, Plant and Equip., 5 Yr. CAGR %	17.69	17.49	11.14	9.86	0.47
Accounts Receivable, 5 Yr. CAGR %	11.1	7.58	8.27	0.13	-1.63
Total Assets, 5 Yr. CAGR %	12.06	11.48	3.85	3.29	-3.17
Common Equity, 5 Yr. CAGR %	5.94	1.79	-9.6	-11.22	-58.25
Tangible Book Value, 5 Yr. CAGR %	18.03	25.95	11.33	11.34	12.69
Cash From Operations, 5 Yr. CAGR %	11.2	8.82	7.21	4.57	1.75
Capital Expenditures, 5 Yr. CAGR %	12.31	7.06	1.48	-3.92	-9.89
Levered Free Cash Flow, 5 Yr. CAGR %	0.52	12.13	18.66	28.78	44.89
Unlevered Free Cash Flow, 5 Yr. CAGR %	2.76	10.33	13.94	19.56	23.97
Dividend Per Share, 5 Yr. CAGR %	8.03	8.63	8.91	7.9	6.45