Crown Castle Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Crown Castle Inc reported revenue of $4.3B (-35.1% year on year) and net income of $444.0M.
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Site rental revenues | $4.0B | $6.4B | $6.5B | $6.3B |
| Services and other revenues | $215.0M | $210.0M | $449.0M | $697.0M |
| Net Revenues | $4.3B | $6.6B | $7.0B | $7.0B |
| Site rental | $992.0M | $1.7B | $1.7B | $1.6B |
| Services and other | $113.0M | $119.0M | $316.0M | $466.0M |
| Selling, general and administrative | $383.0M | $706.0M | $759.0M | $750.0M |
| Asset write-down charges | $11.0M | $148.0M | $33.0M | $34.0M |
| Acquisition and integration costs | $0 | $0 | $1.0M | $2.0M |
| Depreciation, amortization and accretion | $690.0M | $1.7B | $1.8B | $1.7B |
| Restructuring Charges | $0 | $109.0M | $85.0M | — |
| Total operating expenses | $2.2B | $9.5B | $4.6B | $4.6B |
| Operating income (loss) | $2.1B | ($2.9B) | $2.4B | $2.4B |
| Interest expense and amortization of deferred financing costs, net | $972.0M | ($932.0M) | $850.0M | $699.0M |
| Gains (losses) on retirement of long-term obligations | $0 | $0 | $0 | ($28.0M) |
| Interest income | $13.0M | $19.0M | $15.0M | $3.0M |
| Other income (expense) | $3.0M | ($28.0M) | ($6.0M) | ($10.0M) |
| Benefit (provision) for income taxes | ($16.0M) | ($24.0M) | ($26.0M) | ($16.0M) |
| Income (loss) from continuing operations | $1.1B | — | $1.5B | $1.7B |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $916.0M | — | — | — |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | ($1.6B) | — | $0 | $0 |
| Net income (loss) from discontinued operations, net of tax | ($659.0M) | — | — | — |
| Net Income (Loss) | $444.0M | — | — | — |
| Foreign currency translation adjustments | $0 | ($1.0M) | $1.0M | ($1.0M) |
| Total other comprehensive income (loss) | $0 | ($1.0M) | $1.0M | ($1.0M) |
| Comprehensive income (loss) | $444.0M | ($3.9B) | $1.5B | $1.7B |
| Income (loss) from continuing operations, basic | $2.53 | — | $3.46 | $3.87 |
| Income (loss) from discontinued operations, basic | ($1.51) | — | $0 | $0 |
| Basic (in dollars per share) | $1.02 | -$8.98 | $3.46 | $3.87 |
| Income (Loss), Per Diluted Share | $2.52 | — | $3.46 | $3.86 |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share | ($1.51) | — | $0 | $0 |
| Diluted (in dollars per share) | $1.01 | -$8.98 | $3.46 | $3.86 |
| Basic (in shares) | 435.0M | 434.0M | 434.0M | 433.0M |
| Diluted (in shares) | 437.0M | 434.0M | 434.0M | 434.0M |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $1.1B | — | — | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Site Rental | $967.0M | $961.0M | $1.0B | $1.0B |
| Services and other | $41.0M | $49.0M | $60.0M | $52.0M |
| Net Revenues | $1.0B | $1.0B | $1.1B | $1.1B |
| Site rental | $249.0M | $240.0M | $250.0M | $251.0M |
| Services and other | $19.0M | $26.0M | $30.0M | $27.0M |
| Selling, general and administrative | $97.0M | $90.0M | $97.0M | $99.0M |
| Asset write-down charges | $2.0M | $3.0M | $3.0M | $2.0M |
| Depreciation, amortization and accretion | $171.0M | $172.0M | $167.0M | $175.0M |
| Restructuring Charges | $0 | $14.0M | $0 | $0 |
| Total operating expenses | $538.0M | $545.0M | $547.0M | $554.0M |
| Operating income (loss) | $470.0M | $465.0M | $525.0M | $506.0M |
| Interest expense and amortization of deferred financing costs, net | ($208.0M) | ($242.0M) | ($247.0M) | ($243.0M) |
| Gains (losses) on retirement of long-term obligations | $24.0M | $0 | — | — |
| Interest income | $18.0M | $3.0M | $3.0M | $4.0M |
| Other income (expense) | ($1.0M) | ($1.0M) | $0 | $2.0M |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $303.0M | $225.0M | $281.0M | $269.0M |
| Benefit (provision) for income taxes | ($4.0M) | ($5.0M) | ($4.0M) | ($4.0M) |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $299.0M | $220.0M | $277.0M | $265.0M |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $75.0M | $276.0M | $277.0M | $278.0M |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation | ($280.0M) | ($345.0M) | ($231.0M) | ($252.0M) |
| Net income (loss) from discontinued operations, net of tax | ($205.0M) | ($69.0M) | $46.0M | $26.0M |
| Net Income (Loss) Attributable to Parent | $94.0M | $151.0M | $323.0M | $291.0M |
| Foreign currency translation adjustments | $0 | $0 | $1.0M | $0 |
| Total other comprehensive income (loss) | $0 | $0 | $1.0M | $0 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $94.0M | $151.0M | $324.0M | $291.0M |
| Income (Loss) from Continuing Operations, Per Basic Share | $0.69 | $0.5 | $0.64 | $0.61 |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Per Basic Share | ($0.47) | ($0.16) | $0.1 | $0.06 |
| Earnings Per Share, Basic | $0.22 | $0.34 | $0.74 | $0.67 |
| Income (Loss) from Continuing Operations, Per Diluted Share | $0.69 | $0.5 | $0.64 | $0.61 |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Per Diluted Share | ($0.47) | ($0.16) | $0.1 | $0.06 |
| Earnings Per Share, Diluted | $0.22 | $0.34 | $0.74 | $0.67 |
| Weighted-average common shares outstanding, basic | 433.0M | 436.0M | 435.0M | 435.0M |
| Weighted-average common shares outstanding, diluted | 434.0M | 437.0M | 437.0M | 437.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $99.0M | $119.0M | $105.0M | $156.0M |
| Restricted cash and cash equivalents | $170.0M | $171.0M | $171.0M | $166.0M |
| Receivables, net of allowance of $9 and $9, respectively | $172.0M | $478.0M | $481.0M | $593.0M |
| Prepaid expenses | $79.0M | $106.0M | $103.0M | $102.0M |
| Deferred site rental receivables, current | $167.0M | $176.0M | $116.0M | $127.0M |
| Other current assets | $23.0M | $40.0M | $56.0M | $73.0M |
| Disposal Group, Including Discontinued Operation, Assets, Current | $434.0M | — | — | — |
| Total current assets | $1.1B | $1.1B | $1.0B | $1.2B |
| Deferred site rental receivables | $2.3B | $2.3B | $2.2B | $2.0B |
| Property and equipment, net | $6.3B | $15.5B | $15.7B | $15.4B |
| Operating lease right-of-use assets | $5.5B | $5.8B | $6.2B | $6.5B |
| Goodwill | $5.1B | $5.1B | $10.1B | $10.1B |
| Site rental contracts and tenant relationships, net | $834.0M | $2.7B | $3.1B | $3.5B |
| Other intangible assets, net | $27.0M | $54.0M | $57.0M | $61.0M |
| Other assets, net | $61.0M | $103.0M | $139.0M | $136.0M |
| Disposal Group, Including Discontinued Operation, Assets, Noncurrent | $10.3B | — | — | — |
| Total assets | $31.5B | $32.7B | $38.5B | $38.9B |
| Accounts payable | $71.0M | $192.0M | $252.0M | $236.0M |
| Accrued interest | $235.0M | $244.0M | $219.0M | $183.0M |
| Deferred revenues | $192.0M | $476.0M | $605.0M | $736.0M |
| Other accrued liabilities | $168.0M | $359.0M | $342.0M | $407.0M |
| Current maturities of debt and other obligations | $2.8B | $610.0M | $835.0M | $819.0M |
| Current portion of operating lease liabilities | $268.0M | $296.0M | $332.0M | $350.0M |
| Disposal Group, Including Discontinued Operation, Liabilities, Current | $762.0M | — | — | — |
| Total current liabilities | $4.5B | $2.2B | $2.6B | $2.7B |
| Debt and other long-term obligations | $21.6B | $23.5B | $22.1B | $20.9B |
| Operating lease liabilities | $5.0B | $5.2B | $5.6B | $5.9B |
| Other long-term liabilities | $607.0M | $2.0B | $1.9B | $1.9B |
| Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent | $1.6B | — | — | — |
| Total liabilities | $33.2B | $32.9B | $32.1B | $31.5B |
| Common stock, $0.01 par value; 1,200 shares authorized; shares issued and outstanding: December 31, 2025—435 and December 31, 2024—435 | 4.0M | 4.0M | 4.0M | 4.0M |
| Additional paid-in capital | $18.5B | $18.4B | $18.3B | $18.1B |
| Accumulated other comprehensive income (loss) | ($5.0M) | ($5.0M) | ($4.0M) | ($5.0M) |
| Dividends/distributions in excess of earnings | ($20.2B) | ($18.5B) | ($11.9B) | ($10.7B) |
| Total equity (deficit) | ($1.6B) | ($133.0M) | $6.4B | $7.4B |
| Total liabilities and equity (deficit) | $31.5B | $32.7B | $38.5B | $38.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.0B | $55.0M | $57.0M | $94.0M |
| Restricted cash and cash equivalents, current | $207.0M | $167.0M | $176.0M | $161.0M |
| Receivables, net | $179.0M | $188.0M | $125.0M | $100.0M |
| Prepaid expenses | $78.0M | $80.0M | $89.0M | $70.0M |
| Deferred site rental receivables | $191.0M | $179.0M | $226.0M | $205.0M |
| Other current assets | $19.0M | $18.0M | $22.0M | $24.0M |
| Disposal Group, Including Discontinued Operation, Assets, Current | $0 | $567.0M | $419.0M | $420.0M |
| Assets, Current, Total | $1.7B | $1.3B | $1.1B | $1.1B |
| Deferred site rental receivables | $2.3B | $2.3B | $2.2B | $2.3B |
| Property and equipment, net of accumulated depreciation of $11,068 and $10,841, respectively | $6.2B | $6.2B | $6.3B | $6.4B |
| Operating lease right-of-use assets | $5.4B | $5.4B | $5.5B | $5.6B |
| Goodwill | $5.1B | $5.1B | $5.1B | $5.1B |
| Other Intangible Assets, Net | $27.0M | $27.0M | $905.0M | $949.0M |
| Other assets, net | $63.0M | $60.0M | $63.0M | $63.0M |
| Disposal Group, Including Discontinued Operation, Assets, Noncurrent | $0 | $10.2B | $10.2B | $10.2B |
| Assets, Total | $21.5B | $31.4B | $31.5B | $31.6B |
| Accounts payable | $90.0M | $66.0M | $65.0M | $48.0M |
| Accrued interest | $210.0M | $156.0M | $160.0M | $238.0M |
| Deferred revenues | $259.0M | $194.0M | $147.0M | $139.0M |
| Other accrued liabilities | $213.0M | $127.0M | $156.0M | $154.0M |
| Current maturities of debt and other obligations | $2.3B | $3.1B | $2.8B | $2.3B |
| Current portion of operating lease liabilities | $258.0M | $258.0M | $268.0M | $267.0M |
| Disposal Group, Including Discontinued Operation, Liabilities, Current | $0 | $756.0M | $732.0M | $706.0M |
| Liabilities, Current, Total | $3.3B | $4.7B | $4.3B | $3.8B |
| Debt and other long-term obligations | $16.0B | $21.5B | $21.6B | $22.0B |
| Operating lease liabilities | $4.9B | $4.9B | $5.0B | $5.0B |
| Other long-term liabilities | $606.0M | $611.0M | $623.0M | $628.0M |
| Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent | $0 | $1.5B | $1.5B | $1.5B |
| Liabilities, Total | $24.8B | $33.3B | $33.0B | $33.0B |
| Common stock, shares outstanding | 426.0M | — | — | — |
| Common Stock, Shares, Issued | 437.0M | — | — | — |
| Common Stock, Value, Issued | $4.0M | $4.0M | $4.0M | $4.0M |
| Additional Paid in Capital | $18.6B | $18.6B | $18.5B | $18.5B |
| Treasury Stock, Value | ($1.0B) | — | — | — |
| Treasury Stock, Common, Shares | 11.0M | — | — | — |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($5.0M) | ($5.0M) | ($4.0M) | ($5.0M) |
| Retained Earnings (Accumulated Deficit) | ($20.8B) | ($20.5B) | ($20.0B) | ($19.8B) |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total | ($3.3B) | ($1.9B) | ($1.5B) | ($1.4B) |
| Liabilities and Equity, Total | $21.5B | $31.4B | $31.5B | $31.6B |
| Site rental contracts and tenant relationships, net | $746.0M | $790.0M | — | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Income (Loss) | $444.0M | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($916.0M) | — | — | — |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $1.6B | — | — | — |
| Income (loss) from continuing operations | $1.1B | ($3.9B) | $1.5B | $1.7B |
| Depreciation, amortization and accretion | $690.0M | $1.7B | $1.8B | $1.7B |
| (Gains) losses on disposals | $0 | $0 | $0 | $28.0M |
| Amortization of deferred financing costs and other non-cash interest | $32.0M | $32.0M | $29.0M | $17.0M |
| Stock-based compensation expense, net | $73.0M | $131.0M | $157.0M | $156.0M |
| Asset write-down charges | $11.0M | $148.0M | $33.0M | $34.0M |
| Deferred income tax (benefit) provision | $0 | $4.0M | $8.0M | $3.0M |
| Restructuring Reserve, Settled without Cash | $0 | $12.0M | — | — |
| Other non-cash adjustments, net | ($4.0M) | $23.0M | $14.0M | $5.0M |
| Cash Provided by (Used in) Operating Activity, Discontinued Operation | $1.2B | — | $0 | $0 |
| Increase (decrease) in accrued interest | ($9.0M) | $25.0M | $36.0M | $0 |
| Increase (decrease) in accounts payable | $17.0M | ($22.0M) | ($14.0M) | ($5.0M) |
| Increase (decrease) in other liabilities | ($55.0M) | ($91.0M) | ($265.0M) | ($281.0M) |
| Decrease (increase) in receivables | $3.0M | $6.0M | $115.0M | ($49.0M) |
| Decrease (increase) in other assets | $11.0M | ($118.0M) | ($243.0M) | ($412.0M) |
| Net cash provided by (used for) operating activities | $3.1B | $2.9B | $3.1B | $2.9B |
| Payments to Acquire Productive Assets | ($182.0M) | ($1.2B) | ($1.4B) | $1.3B |
| Payments for acquisitions, net of cash acquired | $0 | ($8.0M) | ($96.0M) | $35.0M |
| Other investing activities, net | $4.0M | $10.0M | $1.0M | ($7.0M) |
| Cash Provided by (Used in) Investing Activity, Discontinued Operation | ($980.0M) | — | — | — |
| Net cash provided by (used for) investing activities | ($1.2B) | ($1.2B) | ($1.5B) | ($1.4B) |
| Proceeds from issuance of long-term debt | $0 | $1.2B | $3.8B | $748.0M |
| Principal payments on debt and other long-term obligations | ($118.0M) | ($99.0M) | $79.0M | $74.0M |
| Purchases and redemptions of long-term debt | ($1.2B) | ($750.0M) | $750.0M | $1.3B |
| Borrowings under revolving credit facility | $1.2B | $0 | $3.6B | $3.5B |
| Payments under revolving credit facility | ($255.0M) | ($670.0M) | $4.2B | $2.9B |
| Net issuances (repayments) under commercial paper program | $590.0M | $1.3B | ($1.2B) | $976.0M |
| Payments for financing costs | $0 | ($12.0M) | $39.0M | $14.0M |
| Purchases of common stock | ($23.0M) | ($33.0M) | $30.0M | $65.0M |
| Dividends/distributions paid on common stock | ($2.1B) | ($2.7B) | $2.7B | $2.6B |
| Net cash provided by (used for) financing activities | ($1.9B) | ($1.7B) | ($1.7B) | ($1.7B) |
| Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | $13.0M | $15.0M | — | — |
| Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $0 | ($1.0M) | $1.0M | $0 |
| Cash, Cash Equivalents and Restricted Cash and Cash Equivalents - Beginning of Period | $295.0M | $281.0M | $327.0M | $466.0M |
| Cash, Cash Equivalents and Restricted Cash and Cash Equivalents - End of Period | $308.0M | $295.0M | $281.0M | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent | $245.0M | $151.0M | $150.0M | ($173.0M) |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($350.0M) | ($276.0M) | ($637.0M) | ($360.0M) |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation | $625.0M | $345.0M | $1.3B | $1.1B |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $520.0M | $220.0M | $826.0M | $549.0M |
| Depreciation, amortization and accretion | $343.0M | $172.0M | $520.0M | $352.0M |
| Amortization of deferred financing costs and other non-cash interest | $14.0M | $7.0M | $24.0M | $16.0M |
| Stock-based compensation expense, net | $47.0M | $18.0M | $55.0M | $36.0M |
| Asset write-down charges | $5.0M | $3.0M | $7.0M | $4.0M |
| Deferred income tax (benefit) provision | $4.0M | $1.0M | $1.0M | $1.0M |
| Other non-cash adjustments, net | $1.0M | $1.0M | ($4.0M) | ($4.0M) |
| Cash Provided by (Used in) Operating Activity, Discontinued Operation | $108.0M | $213.0M | $897.0M | $581.0M |
| Increase (decrease) in accrued interest | ($25.0M) | ($79.0M) | ($84.0M) | ($6.0M) |
| Increase (decrease) in accounts payable | $21.0M | $1.0M | $15.0M | $0 |
| Increase (decrease) in other liabilities | $19.0M | ($48.0M) | ($42.0M) | ($32.0M) |
| Decrease (increase) in receivables | ($4.0M) | ($12.0M) | $5.0M | $29.0M |
| Decrease (increase) in other assets | $11.0M | $12.0M | ($33.0M) | ($53.0M) |
| Net cash provided by (used for) operating activities | $1.0B | $509.0M | $2.2B | $1.5B |
| Capital expenditures | ($116.0M) | ($57.0M) | ($123.0M) | ($80.0M) |
| Other investing activities, net | $0 | $0 | $5.0M | $3.0M |
| Cash Provided by (Used in) Investing Activity, Discontinued Operation | $8.1B | ($256.0M) | ($687.0M) | ($446.0M) |
| Net cash provided by (used for) investing activities | $8.0B | ($313.0M) | ($805.0M) | ($523.0M) |
| Principal payments on debt and other long-term obligations | ($45.0M) | ($32.0M) | ($89.0M) | ($59.0M) |
| Purchases and redemptions of long-term debt | ($3.2B) | ($900.0M) | ($1.2B) | ($700.0M) |
| Borrowings under revolving credit facility | $1.4B | $1.4B | $900.0M | $400.0M |
| Payments under revolving credit facility | ($2.3B) | ($60.0M) | $0 | $0 |
| Net issuances (repayments) under commercial paper program | ($1.9B) | ($39.0M) | $605.0M | $564.0M |
| Payments for financing costs | ($6.0M) | — | $0 | — |
| Purchases of common stock | ($1.0B) | ($25.0M) | ($23.0M) | ($23.0M) |
| Dividends/distributions paid on common stock | ($932.0M) | ($473.0M) | ($1.6B) | ($1.2B) |
| Net cash provided by (used for) financing activities | ($8.1B) | ($179.0M) | ($1.4B) | ($971.0M) |
| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents | $946.0M | $17.0M | ($40.0M) | ($21.0M) |
| Effect of Exchange Rate on Cash and Cash Equivalents and Restricted Cash and Cash Equivalents | $0 | $0 | $0 | $0 |
| Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | $308.0M | $308.0M | $295.0M | $295.0M |
| Cash and cash equivalents and restricted cash and cash equivalents at end of period | $1.3B | $325.0M | $255.0M | $274.0M |
| Gains (losses) on retirement of long-term obligations | $24.0M | — | — | — |
Crown Castle Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.