Crown Castle Inc. (CCI) · 26 Years of Financial statements

Income Statement

Revenue

31

113

346

649

899

902

930

604

677

788

1,385

1,527

1,685

1,879

2,033

2,433

3,022

3,690

3,664

3,921

4,356

5,423

5,763

5,840

6,340

6,986

COGS

13

30

107

234

467

446

418

231

252

273

509

539

549

581

588

729

1,047

1,350

1,321

1,441

1,564

1,847

1,986

1,969

1,993

2,068

Gross Profit

18

83

239

416

432

455

513

373

425

515

876

988

1,136

1,297

1,444

1,704

1,976

2,339

2,342

2,481

2,792

3,576

3,777

3,871

4,347

4,918

Gross Profit Ratio

58.28%

73.56%

69.12%

64.02%

48.02%

50.51%

55.09%

61.76%

62.77%

65.37%

63.26%

64.72%

67.40%

69.05%

71.05%

70.03%

65.37%

63.40%

63.93%

63.26%

64.10%

65.94%

65.54%

66.28%

68.56%

70.40%

Operating Expenses

22

83

229

410

474

465

460

399

394

384

748

676

683

706

726

835

1,013

1,296

1,347

1,480

1,669

2,091

2,186

1,924

2,324

2,457

R&D Expenses

6

5

10

12

7

6

1

4

- -

Selling, G&A Exp.

7

24

44

80

109

100

116

106

96

143

150

153

165

173

213

239

283

311

371

427

563

614

678

680

750

General and Admin. Exp.

7

24

44

80

109

- -

213

239

283

311

371

427

563

- -

678

- -

Selling and Marketing Exp.

- -

Other Expenses

9

55

180

320

353

358

338

292

284

288

605

526

530

541

553

623

774

1,013

1,036

1,109

1,242

1,528

1,572

1,246

1,644

1,707

COGS and Expenses

35

113

336

644

942

911

877

630

646

657

1,257

1,215

1,232

1,288

1,315

1,564

2,060

2,646

2,669

2,920

3,233

3,938

4,172

3,893

4,317

4,525

Interest Income

- -

2

5

2

1

5

1

2

1

19

5

6

2

1

3

Interest Expense

- -

329

446

490

405

512

499

489

484

494

570

620

662

666

632

699

Depreciation and Amortization

9

55

180

320

420

396

398

293

288

294

561

- -

623

774

1,013

1,036

1,109

1,242

1,528

1,572

1,608

1,644

1,707

EBITDA

(3)

18

84

115

71

136

7

523

(110)

253

244

176

255

152

584

1,224

1,562

1,882

2,990

1,976

2,283

2,838

3,115

3,350

3,393

4,097

EBITDA ratio

(8.60)%

15.65%

24.18%

17.75%

7.85%

15.11%

0.72%

86.65%

(16.32)%

32.07%

17.59%

11.53%

15.14%

8.12%

28.73%

50.30%

51.68%

51.00%

81.60%

50.39%

52.41%

52.33%

54.05%

57.36%

53.52%

58.65%

Operating Income

(3)

(0)

10

5

(62)

(27)

52

(27)

23

121

100

293

434

575

692

835

922

994

946

949

1,044

1,432

1,559

1,863

2,001

2,461

Operating Income ratio

(10.83)%

(0.09)%

2.83%

0.80%

(6.91)%

(2.95)%

5.56%

(4.50)%

3.34%

15.41%

7.18%

19.16%

25.75%

30.63%

34.06%

34.31%

30.50%

26.93%

25.82%

24.21%

23.97%

26.41%

27.05%

31.90%

31.56%

35.23%

Total Other Income Exp.(Gains)

1

(37)

(104)

(208)

(289)

(236)

(438)

(285)

(413)

(170)

(417)

(446)

(625)

(913)

(512)

(734)

(629)

(605)

(472)

(575)

(573)

(742)

(678)

(787)

(822)

(770)

Income Before Tax

- -

(37)

(94)

(203)

(351)

(263)

(386)

(312)

(390)

(48)

(317)

(153)

(191)

(338)

180

101

293

388

474

374

471

690

881

1,076

1,179

1,691

Income Before Tax ratio

- -

(33.07)%

(27.18)%

(31.28)%

(39.04)%

(29.14)%

(41.53)%

(51.74)%

(57.65)%

(6.14)%

(22.88)%

(10.04)%

(11.30)%

(18.00)%

8.85%

4.14%

9.68%

10.52%

12.93%

9.53%

10.80%

12.72%

15.29%

18.42%

18.60%

24.21%

Income Tax Expense (Gain)

- -

0

16

12

8

(5)

3

1

(94)

(104)

(76)

(27)

8

(100)

199

(11)

(51)

17

26

19

21

20

21

16

Net Income

(12)

(38)

(97)

(205)

(366)

(273)

(398)

235

(402)

(42)

(223)

(49)

(114)

(311)

171

189

90

391

1,521

357

445

671

860

1,056

1,096

1,675

Net Income Ratio

(37.90)%

(33.42)%

(27.96)%

(31.55)%

(40.73)%

(30.23)%

(42.82)%

38.93%

(59.33)%

(5.31)%

(16.08)%

(3.20)%

(6.78)%

(16.55)%

8.42%

7.75%

2.98%

10.58%

41.51%

9.10%

10.21%

12.37%

14.92%

18.08%

17.29%

23.98%

EPS

(2.27)

(1.02)

(0.74)

(1.48)

(2.08)

(1.16)

(2.09)

0.89

(2.07)

(0.20)

(0.87)

(0.17)

(0.47)

(1.16)

0.52

0.64

0.26

1.04

4.44

0.95

1.01

1.35

1.80

2.36

2.54

3.88

EPS Diluted

(2.27)

(1.02)

(0.74)

(1.48)

(2.08)

(1.16)

(2.09)

0.89

(2.07)

(0.20)

(0.87)

(0.17)

(0.47)

(1.16)

0.52

0.64

0.26

1.04

4.42

0.95

1.01

1.34

1.80

2.35

2.53

3.86

Weighted Avg. Shares Outs.

6

43

131

179

214

218

217

222

218

207

280

282

287

284

289

298

332

333

340

382

413

416

423

432

Weighted Avg. Shares Outs. Dil.

6

43

131

179

214

218

217

222

218

207

280

282

287

286

291

299

333

334

341

383

415

418

425

434

SEC Link

Link

Balance Sheet

Cash and Cash Equivalents

55

297

549

454

805

516

462

567

65

593

75

155

766

113

80

441

223

176

179

568

314

277

323

232

292

156

Short-Term Investments

- -

38

73

116

- -

Cash & Short-Term Investments

55

297

549

492

878

632

462

567

65

593

75

155

766

113

80

441

223

176

179

568

314

277

323

232

292

156

Net Receivables

10

36

79

173

191

136

82

28

26

44

59

67

58

60

77

193

250

329

313

374

398

501

471

431

543

720

Inventory

1

7

19

79

103

46

16

6

- -

Other Current Assets

1

3

15

29

45

54

82

35

130

163

363

263

372

373

442

947

419

427

489

384

422

451

455

441

419

341

Total Current Assets

67

342

662

772

1,216

867

642

637

221

800

497

485

1,196

545

599

1,581

893

932

981

1,325

1,134

1,229

1,249

1,104

1,254

1,217

PP&E

82

593

2,468

4,303

4,845

4,828

4,742

3,370

3,294

3,246

5,051

5,060

4,896

4,894

4,861

6,918

8,948

9,148

9,580

9,805

12,933

13,676

13,410

21,626

21,951

21,933

Goodwill

- -

340

391

1,971

1,984

1,985

2,029

2,035

3,120

4,916

5,210

5,514

5,758

10,021

10,078

10,074

10,078

10,085

Intangible Assets

153

570

596

1,113

1,051

1,067

1,207

334

- -

225

2,676

2,551

103

117

2,178

2,942

4,058

3,716

3,780

3,650

5,962

5,516

5,620

4,433

4,046

3,596

Goodwill and Intangible Assets

153

570

596

1,113

1,051

1,067

1,207

334

340

617

4,647

4,535

2,088

2,146

4,214

6,062

8,974

8,926

9,293

9,408

15,983

15,594

15,694

14,511

14,124

13,681

Investments

- -

155

60

4

- -

Tax Assets

- -

34

19

21

- -

Other Non-Current Assets

70

19

111

252

263

130

147

231

275

188

233

277

2,777

2,885

871

1,494

1,761

2,117

2,181

2,137

2,180

2,286

2,268

1,527

1,711

2,090

Total Non-Current Assets

304

1,181

3,175

5,668

6,159

6,026

6,096

3,934

3,910

4,206

9,991

9,877

9,761

9,924

9,946

14,507

19,702

20,212

21,055

21,350

31,096

31,556

31,372

37,664

37,786

37,704

Other Assets

- -

Total Assets

371

1,523

3,837

6,440

7,375

6,893

6,738

4,572

4,131

5,006

10,488

10,362

10,957

10,470

10,545

16,089

20,595

21,143

22,036

22,675

32,230

32,785

32,621

38,768

39,040

38,921

Accounts Payable

8

46

101

104

64

41

12

19

37

34

33

40

32

116

145

168

160

189

249

313

302

230

246

236

Short-Term Debt

- -

29

14

267

97

295

- -

82

466

217

29

33

688

104

113

106

102

115

107

111

458

421

1,169

Tax Payable

- -

Deferred Revenue

- -

208

267

117

132

103

145

174

180

202

167

241

260

348

323

353

457

498

568

704

776

736

Other Current Liabilities

4

47

85

224

278

74

68

59

25

80

108

160

324

170

193

247

270

267

318

471

499

407

577

583

590

Total Current Liabilities

12

93

131

325

411

361

644

285

464

201

372

834

754

441

402

1,238

756

899

855

961

1,292

1,417

1,388

1,969

2,026

2,731

Long-Term Debt

156

430

1,542

2,603

3,394

3,213

3,183

1,753

1,976

3,514

5,988

5,631

6,362

6,750

6,853

10,923

11,491

11,808

12,143

12,069

16,044

16,575

16,313

19,151

26,588

26,791

Deferred Revenue

- -

611

864

983

1,077

1,267

- -

1,707

1,568

- -

Deferred Tax Liabilities

- -

281

40

74

67

98

66

57

40

2

8

5

7

- -

11

14

- -

Other Non-Current Liabilities

1

23

67

93

1,036

939

718

669

486

506

680

1,141

830

767

805

911

1,350

1,049

1,082

1,096

1,472

1,485

3,074

6,469

586

1,950

Total Non-Current Liabilities

157

452

1,610

2,696

4,430

4,152

3,901

2,422

2,462

4,020

6,949

6,811

7,266

7,584

7,756

11,900

12,897

13,507

14,092

14,157

18,598

19,334

19,387

27,338

28,756

28,741

Other Liabilities

- -

Capital Lease Obligations

- -

5,810

6,137

6,380

6,231

Total Liabilities

169

545

1,741

3,021

4,842

4,513

4,545

2,707

2,926

4,221

7,321

7,646

8,021

8,025

8,158

13,137

13,654

14,406

14,947

15,118

19,890

20,751

20,775

29,307

30,782

31,472

Preferred Stock

- -

305

- -

0

- -

0

- -

Common Stock

- -

2

3

4

Retained Earnings

(17)

(60)

(186)

(450)

(895)

(1,148)

(1,601)

(1,600)

(2,038)

(2,185)

(2,424)

(2,493)

(2,628)

(2,960)

(2,812)

(2,626)

(2,536)

(2,815)

(2,458)

(3,379)

(4,505)

(5,732)

(5,896)

(8,472)

(9,753)

(10,666)

Other Compreh. Income(Loss)

(5)

(23)

(120)

(306)

(567)

39

249

45

40

65

26

(408)

(124)

(179)

(117)

(62)

(24)

16

(4)

(6)

(4)

(5)

(4)

(5)

Other Total Stockhold. Equity

224

1,061

2,400

4,173

3,994

3,315

3,333

3,387

3,174

2,874

5,561

5,615

5,686

5,582

5,007

5,624

9,483

9,512

9,549

10,938

16,844

17,767

17,743

17,933

18,011

- -

Total Stockholders Equity

203

978

2,096

3,419

2,534

2,208

1,984

1,834

1,178

756

3,167

2,716

2,936

2,445

2,386

2,939

6,927

6,716

7,089

7,557

12,339

12,034

11,846

9,461

8,258

7,449

Total Liab.&Stockhold. Equity

371

1,523

3,837

6,440

7,375

6,721

6,529

4,541

4,105

4,977

10,488

10,362

10,957

10,470

10,544

16,076

20,580

21,122

22,036

22,675

32,230

32,785

32,621

38,768

39,040

38,921

Minority Interest

- -

Total Liabilities & Equity

371

1,523

3,837

6,440

7,375

6,721

6,529

4,541

4,105

4,977

10,488

10,362

10,957

10,470

10,544

16,076

20,580

21,122

22,036

22,675

32,230

32,785

32,621

38,768

39,040

38,921

SEC Link

Link

Cash Flow Statement

Net Income

(12)

(38)

(97)

(205)

(366)

(273)

(398)

235

(402)

(42)

(223)

(49)

(114)

(311)

171

189

90

391

1,521

357

445

671

860

1,056

1,096

1,675

Depreciation and Amortization

9

55

180

320

420

396

398

293

288

294

561

- -

623

774

1,013

1,036

1,109

1,242

1,528

1,572

1,608

1,644

1,707

Deferred Income Tax

- -

(99)

(114)

(74)

(26)

5

(110)

180

(26)

(61)

9

15

2

3

4

3

Stock Based Compensation

- -

26

29

37

33

42

39

51

61

79

92

103

117

138

129

156

Change in Working Capital

1

15

2

45

48

76

74

18

(5)

(60)

(7)

(62)

(161)

(248)

(240)

(4)

114

221

123

222

57

127

70

(346)

(747)

Accounts Receivable

- -

166

- -

Inventory

(2)

(4)

(37)

(89)

46

4

(9)

(15)

- -

Accounts Payable

- -

(3)

(2)

2

(7)

35

29

10

(5)

11

(34)

37

19

(77)

15

- -

Other Working Capital

55

249

531

447

805

506

(2)

352

(243)

599

125

(349)

442

104

20

99

242

401

326

196

176

223

254

(65)

(772)

- -

Other Non-Cash Items

1

13

7

5

30

9

187

(435)

327

34

171

656

793

1,065

683

270

158

123

(982)

106

29

141

20

180

200

84

Cash Provided by Operating Activities

(1)

45

93

165

132

209

260

112

209

281

350

513

571

603

643

773

1,238

1,666

1,797

1,782

2,044

2,502

2,698

3,055

2,727

2,878

CAPEX

(52)

(149)

(1,502)

(637)

(683)

(277)

(119)

(43)

(65)

(428)

(300)

(451)

(174)

(228)

(348)

(441)

(568)

(780)

(909)

(874)

(1,228)

(1,741)

(2,057)

(1,624)

(1,229)

(1,310)

Acquisitions Net

- -

(1,144)

(156)

(4)

(6)

(295)

(147)

- -

(494)

(28)

(3)

(139)

(38)

(3,759)

(4,960)

(466)

(1,102)

(557)

(9,260)

(42)

(17)

(107)

(111)

(35)

Purchases of Investments

- -

(175)

(337)

(195)

(56)

(491)

- -

(6)

(1)

- -

(27)

- -

Sales/Maturities of Investments

- -

311

280

172

518

- -

4

- -

54

8

- -

Other Investing Activities

(60)

- -

(7)

(2)

(30)

19

0

(8)

(52)

2

- -

(449)

(170)

(225)

(362)

(440)

(561)

(777)

(912)

(862)

(1,234)

(1,753)

(2,064)

(1,634)

(1,221)

(1,317)

Cash Used for Investing Activities

(112)

(149)

(1,509)

(1,958)

(895)

(177)

(9)

(320)

(264)

(432)

(791)

(477)

(172)

(391)

(400)

(4,200)

(5,521)

(1,243)

(1,960)

(1,410)

(10,494)

(1,795)

(2,081)

(1,741)

(1,332)

(1,352)

Debt Repayment

- -

(7)

(2,418)

(3,568)

(224)

(2,311)

(2,719)

(1,651)

(2,532)

(8,706)

(1,959)

(4,176)

(2,758)

(5,260)

(4,055)

(4,203)

Common Stock Issued

140

340

806

743

375

1

8

32

59

46

31

8

45

19

2

0

2,981

- -

1,326

4,221

841

- -

Common Stock Repurchased

(2)

(1)

- -

(333)

(344)

(59)

(515)

(518)

(730)

(45)

(3)

(160)

(318)

(36)

(99)

(22)

(30)

(25)

(23)

(34)

(44)

(76)

(70)

(65)

Dividends Paid

- -

(1)

- -

(22)

(20)

(19)

(2)

- -

(669)

(1,160)

(1,283)

(1,539)

(1,895)

(2,025)

(2,190)

(2,373)

(2,602)

Other Financing Activities

22

6

866

964

735

(3)

22

(1,659)

32

1,171

641

111

2,610

2,862

285

6,136

3,901

1,879

2,787

8,592

7,495

4,531

4,135

6,255

5,188

5,205

Cash Used/Provided by Financing Activities

160

345

1,670

1,707

1,109

(335)

(314)

(1,686)

(445)

679

(78)

48

214

(867)

(276)

3,787

4,063

(463)

(935)

(96)

8,195

(733)

(692)

(1,271)

(1,310)

(1,665)

Effect of Forex Changes on Cash

- -

0

(1)

(10)

5

15

9

1

(0)

(1)

1

(4)

(3)

1

(0)

1

2

(8)

(2)

(0)

1

(1)

- -

Net Change In Cash

- -

253

(95)

351

(288)

(54)

(1,893)

(501)

527

(517)

80

611

(654)

(32)

361

(218)

(48)

3

389

(254)

(27)

(75)

43

85

(139)

Cash at the End of Period

- -

549

454

805

516

462

567

65

593

75

155

766

113

80

441

223

176

179

568

314

413

338

381

466

327

Cash at the Beginning of Period

7

55

297

549

454

805

516

2,460

567

65

593

75

155

766

113

80

441

223

176

179

568

440

413

338

381

466

Free Cash Flow

(53)

(104)

(1,410)

(471)

(551)

(68)

141

69

144

(147)

50

62

398

375

296

331

670

886

888

908

816

761

641

1,431

1,498

1,568

SEC Link

Link

Forex Rate

- -

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