Crown Castle International Corporation (CCI) Financial Statements (2023 and Earlier)

Company Profile

Business Address 8020 KATY FREEWAY
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments292232196277314568179
Cash and cash equivalents292232196277314568179
Restricted cash and investments169144137131121125131
Receivables543431596501398374313
Prepaid expense10595107172162129133
Other current assets145202168148139130225
Total current assets:1,2541,1041,2041,2291,1341,325981
Noncurrent Assets
Property, plant and equipment15,26915,16214,66613,67612,9339,8059,580
Intangible assets, net (including goodwill)10,14210,14610,15010,38510,3576,1095,872
Goodwill10,07810,07810,07810,07810,0215,7585,514
Intangible assets, net (excluding goodwill)646872307335351359
Deferred rent receivables, net1,5881,4081,4241,3661,3001,3181,306
Other noncurrent assets123119116920879820875
Other undisclosed noncurrent assets10,66410,82910,8975,2095,6263,2993,421
Total noncurrent assets:37,78637,66437,25331,55631,09621,35021,055
TOTAL ASSETS:39,04038,76838,45732,78532,23022,67522,036
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities428429503461381286227
Accounts payable246230334313249189160
Interest and dividends payable1821991691481329767
Deferred revenue776704657
Debt72129100107115102106
Deferred revenue and credits457353323
Other liabilities401378361351339221200
Other undisclosed current liabilities349329299498   
Total current liabilities:2,0261,9691,9201,4171,292961855
Noncurrent Liabilities
Long-term debt and lease obligation, including:20,55719,15118,02116,57516,04412,06912,143
Operating lease, liability6,0315,8085,511
Other undisclosed long-term debt and lease obligation14,52613,34312,51016,57516,04412,06912,143
Liabilities, other than long-term debt2,1682,3792,5162,7592,5542,0871,949
Other liabilities2,1682,3792,5162,7592,5542,0871,949
Other undisclosed noncurrent liabilities6,0315,8085,511    
Total noncurrent liabilities:28,75627,33826,04819,33418,59814,15714,092
Total liabilities:30,78229,30727,96820,75119,89015,11814,947
Stockholders' equity
Stockholders' equity attributable to parent8,2589,46110,48912,03412,3397,5577,089
Preferred stock    0 0
Common stock4444443
Additional paid in capital18,01117,93317,85517,76716,84410,9389,549
Accumulated other comprehensive loss(4)(4)(5)(5)(4)(6)(4)
Accumulated deficit(9,753)(8,472)(7,365)(5,732)(4,505)(3,379)(2,458)
Total stockholders' equity:8,2589,46110,48912,03412,3397,5577,089
TOTAL LIABILITIES AND EQUITY:39,04038,76838,45732,78532,23022,67522,036

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,3405,8405,7635,4234,3563,9213,664
Revenue, net4,3563,9213,664
Operating leases, income statement, lease revenue4,716
Cost of revenue(2,974)(3,587)(3,340)(3,388)(2,854)(2,555)(2,363)
Cost of goods and services sold(439)(448)(524)(437)(1,564)(1,441)(1,321)
Gross profit:3,3662,2532,4232,0351,5011,3661,300
Operating expenses(1,365)(752)(864)(603)(457)(417)(354)
Other undisclosed operating income 362     
Operating income:2,0011,8631,5591,4321,044949946
Nonoperating income (expense)(20)(3)7621(8)59
Investment income, nonoperating12651912
Other nonoperating income (expense)(21)(5)112(9)57
Interest and debt expense(802)(807)(685)(106)(606)(574)(23)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 23 (642)127(508)
Income from continuing operations before income taxes:1,1791,076881690471374474
Income tax expense (benefit)21202119(26)(17)51
Other undisclosed loss from continuing operations(42)      
Income from continuing operations:1,1581,096902709445357525
Income (loss) from discontinued operations(62)     56
Income before gain (loss) on sale of properties:1,0961,096902709445357581
Other undisclosed net income (loss) (40)(42)(38)  943
Net income:1,0961,0568606714453571,524
Net loss attributable to noncontrolling interest      (3)
Net income attributable to parent:1,0961,0568606714453571,521
Preferred stock dividends and other adjustments    (58)(33)(44)
Other undisclosed net loss available to common stockholders, basic (57)(113)(113)   
Net income available to common stockholders, diluted:1,0969997475583863241,477

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,0961,0568606714453571,524
Other comprehensive income (loss) 1 (1)2(1)(21)
Comprehensive income:1,0961,0578606704463551,503
Comprehensive loss, net of tax, attributable to noncontrolling interest      (3)
Other undisclosed comprehensive income, net of tax, attributable to parent      3
Comprehensive income, net of tax, attributable to parent:1,0961,0578606704463551,503

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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