← CROWN CASTLE INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $1.7b $1.2b $1.2b ($472.0m) ($44.0m)
Net Income (Loss) Available to Common Stockholders, Basic $324.0m
$386.3m +19.22%
$558.0m +44.46%
$747.0m +33.87%
$999.0m +33.73%
$1.1b +9.71%
$1.7b +52.83%
$1.5b -10.33%
($3.9b) -359.85%
$444.0m +111.38%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $357.0m $444.6m $671.0m $860.0m $1.1b $1.1b $1.7b $1.5b ($3.9b) $444.0m —
Net Income (Loss) Attributable to Noncontrolling Interest $0 $0 — — — — — ($265.0m) $5.1b ($916.0m) —
Amortization of Debt Issuance Costs $19.1m $19.0m $21.0m $21.0m $23.0m $25.0m $26.0m $29.0m $32.0m $31.0m —
Amortization of Debt Issuance Costs and Discounts — — — $1.0m $6.0m $13.0m $17.0m $29.0m $32.0m $32.0m —
Amortization of Intangible Assets — — — — $439.0m $444.0m $446.0m $447.0m $397.0m $177.0m —
Depreciation $832.7m $914.9m $1.1b $1.1b $1.2b $1.2b $1.2b $1.3b $1.3b $488.0m $681.0m
Depreciation Amortization Depletion — — — — — — $1.7b $787.0m $736.0m $690.0m $681.0m
Depreciation, Amortization and Accretion, Net $1.1b $1.2b $1.5b $1.6b $1.6b $1.6b $1.7b $1.8b $1.7b $690.0m $681.0m
Deferred Income Tax Expense (Benefit) $8.6m $14.9m $2.0m $2.0m $3.0m $4.0m $3.0m $8.0m $4.0m $0 $3.0m
Deferred Tax — — — — — — $3.0m $9.0m $4.0m $0 $3.0m
Share-based Payment Arrangement, Noncash Expense $79.3m $91.6m $103.0m $117.0m $138.0m $129.0m $156.0m $157.0m $131.0m $73.0m $84.0m
Share-based Payment Arrangement, Expense $96.5m $96.4m $108.0m $116.0m $133.0m $131.0m $156.0m $157.0m $131.0m $73.0m $84.0m
Goodwill and Intangible Asset Impairment — — — — — — — — ($5.0b) — —
Asset Impairment Charge — — — — — — $34.0m $9.0m $11.0m $11.0m $12.0m
Other Nonoperating Income (Expense) ($8.8m) $2.0m $1.0m $1.0m ($5.0m) ($21.0m) ($10.0m) ($6.0m) ($28.0m) $3.0m —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — ($747.0m) ($254.0m) ($242.0m) ($33.0m) $51.0m
Change In Receivables — — — — — — ($49.0m) $152.0m $35.0m $3.0m ($30.0m)
Change In Payables And Accrued Expense — — — — — — ($5.0m) $27.0m $6.0m $8.0m $38.0m
Change In Accrued Expense — — — — — — $0 $36.0m $25.0m ($9.0m) ($28.0m)
Increase (Decrease) in Other Operating Assets $55.3m $15.3m $114.0m ($71.0m) $15.0m ($113.0m) $412.0m $243.0m $118.0m ($11.0m) —
Change In Other Current Assets — — — — — — ($412.0m) ($251.0m) ($113.0m) $11.0m $75.0m
Change In Other Current Liabilities — — — — — — ($281.0m) ($182.0m) ($170.0m) ($55.0m) ($4.0m)
Other Operating Income (Expense), Net — — — — ($362.0m) $0 $0 — — — —
Net Cash Provided by (Used in) Operating Activities $1.8b
$2.0b +14.70%
$2.5b +22.40%
$2.7b +7.83%
$3.1b +13.23%
$2.8b -8.71%
$2.9b +3.19%
$3.1b +8.62%
$2.9b -5.85%
$3.1b +3.87%
$1.9b -37.46%
Cash flows from investing activities:
Capital Expenditure $873.9m $1.2b $1.7b ($2.1b) $1.6b $1.2b ($1.3b) ($243.0m) ($176.0m) ($182.0m) ($218.0m)
Payments to Acquire Businesses, Net of Cash Acquired $556.9m $9.3b $42.0m ($17.0m) $107.0m $111.0m $35.0m $96.0m $8.0m $0 ($1.0m)
Payments for (Proceeds from) Other Investing Activities ($12.4m) $5.5m $12.0m ($7.0m) ($10.0m) $8.0m $7.0m ($1.0m) ($10.0m) ($4.0m) —
Net Other Investing Changes — — — — — — ($7.0m) $5.0m $9.0m $4.0m $7.0m
Net Cash Provided by (Used in) Investing Activities ($1.4b) ($10.5b) ($1.8b) ($2.1b) ($1.7b) ($1.3b) ($1.4b) ($1.5b) ($1.2b) ($1.2b) ($217.0m)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt ($52.3m) ($3.5m) ($106.0m) ($2.0m) ($95.0m) ($145.0m) ($28.0m) $0 $0 $0 —
Repayments of Long-term Debt $4.0b $0 $2.3b ($12.0m) $2.5b $2.1b $1.3b $750.0m ($750.0m) ($1.2b) ($6.3b)
Proceeds from Issuance of Long-term Debt $5.2b $3.1b $2.7b $1.9b $3.7b $4.0b $748.0m $3.8b $1.2b $0 $2.1b
Issuance Of Debt — — — — — — $4.2b $7.5b $1.2b $1.2b $2.1b
Long Term Debt Issuance — — — — — — $4.2b $7.5b $1.2b $1.2b $2.1b
Long Term Debt Payments — — — — — — ($4.2b) ($5.1b) ($1.5b) ($1.6b) ($6.3b)
Net Issuance Payments Of Debt — — — — — — $1.0b $1.1b $1.1b $217.0m ($6.1b)
Net Long Term Debt Issuance — — — — — — $40.0m $2.4b ($275.0m) ($373.0m) ($4.2b)
Net Short Term Debt Issuance — — — — — — $976.0m ($1.2b) $1.3b $590.0m ($1.9b)
Repayment Of Debt — — — — — — ($4.2b) ($5.1b) ($1.5b) ($1.6b) ($6.3b)
Payments for Repurchase of Common Stock $24.9m $23.3m $34.0m ($44.0m) $76.0m $70.0m $65.0m $30.0m ($33.0m) ($23.0m) —
Payments of Ordinary Dividends, Common Stock $1.2b $1.5b $1.8b ($1.9b) $2.1b $2.4b $2.6b $2.7b ($2.7b) ($2.1b) ($1.9b)
Common Stock Dividend Paid — — — — — — ($2.6b) ($2.7b) ($2.7b) ($2.1b) ($1.9b)
Common Stock Payments — — — — — — ($65.0m) ($30.0m) ($33.0m) ($23.0m) ($1.0b)
Net Common Stock Issuance — — — — — — ($65.0m) ($30.0m) ($33.0m) ($23.0m) ($1.0b)
Repurchase Of Capital Stock — — — — — — ($65.0m) ($30.0m) ($33.0m) ($23.0m) ($1.0b)
Dividends Payable — $28.4m $0 $0 — — — — — — —
Cash Dividends Paid — — — — — — ($2.6b) ($2.7b) ($2.7b) ($2.1b) ($1.9b)
Preferred Stock Dividend Paid — — — — — $0 $0 — — — $0
Net Other Financing Charges — — — — — ($42.0m) ($14.0m) ($39.0m) ($12.0m) — ($12.0m)
Net Cash Provided by (Used in) Financing Activities ($96.3m)
$8.2b +8610.73%
($733.0m) -108.94%
($692.0m) +5.59%
($1.3b) -83.67%
($1.3b) -3.07%
($1.7b) -27.10%
($1.7b) +0.66%
($1.7b) -3.26%
($1.9b) -10.42%
($9.0b) -376.25%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — — — $0 $1.0m ($1.0m) $0 $1.3b
Beginning Cash Position — — — — — — $466.0m $327.0m $281.0m $295.0m $274.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $413.0m $338.0m $381.0m $466.0m $327.0m $281.0m $295.0m $308.0m $1.3b
Effect Of Exchange Rate Changes — — — — — — $0 $1.0m ($1.0m) $0 $0
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Payments of Financing Costs $41.5m $29.2m $31.0m ($24.0m) $38.0m $42.0m $14.0m $39.0m ($12.0m) $0 —
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $653.0m $661.0m $684.0m $800.0m $895.0m $965.0m —
Income Taxes Paid, Net $13.8m $16.4m $17.0m $16.0m $19.0m $20.0m $10.0m $18.0m $17.0m $15.0m —
Additional Financial Items
Asset Retirement Obligation, Accretion Expense $11.3m $13.1m $14.0m $15.0m $18.0m $20.0m $20.0m $24.0m $27.0m $25.0m —
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $0 $0 — — — ($62.0m) $0 $0 $0 ($1.6b) —
Goodwill $5.8b $10.0b $10.1b $10.1b $10.1b $10.1b $10.1b $10.1b $5.1b $5.1b $12.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $357.0m $444.6m $671.0m $860.0m $1.1b $1.2b $1.7b $1.5b ($3.9b) $1.1b —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — $1.2b $1.7b $1.5b $5.1b ($916.0m) —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — ($62.0m) $0 $0 $5.1b ($916.0m) —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 $0 — — — — — ($265.0m) $5.1b $916.0m —
Income Tax Expense (Benefit) $16.9m $26.0m ($19.0m) ($21.0m) ($20.0m) ($21.0m) $16.0m $26.0m $24.0m $16.0m —
Investment Income, Interest $796k $18.8m $5.0m $6.0m $2.0m $1.0m $3.0m $15.0m $19.0m $13.0m —
Operating Lease, Expense — — — $648.0m $640.0m $646.0m $660.0m $708.0m $706.0m $599.0m —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $0 $0 — — — — — ($265.0m) $5.1b ($916.0m) —
Cash Flow From Continuing Financing Activities — — — — — — ($1.7b) ($1.7b) ($1.7b) ($1.9b) ($9.0b)
Cash Flow From Continuing Investing Activities — — — — — — ($1.4b) ($334.0m) ($175.0m) ($178.0m) ($217.0m)
Cash From Discontinued Investing Activities — — — — — — — ($1.2b) ($1.0b) ($980.0m) $7.6b
Change In Account Payable — — — — — — ($5.0m) ($9.0m) ($19.0m) $17.0m $38.0m
Change In Cash Supplemental As Reported — — — — — — ($139.0m) ($47.0m) $15.0m $13.0m —
Change In Interest Payable — — — — — — $0 $36.0m $25.0m ($9.0m) ($28.0m)
Change In Payable — — — — — — ($5.0m) ($9.0m) ($19.0m) $17.0m $38.0m
Changes In Cash — — — — — — ($139.0m) ($47.0m) $15.0m $13.0m $980.0m
End Cash Position — — — — — — $327.0m $281.0m $295.0m $308.0m $1.3b
Financing Cash Flow — — — — — — ($1.7b)
($1.7b) +0.66%
($1.7b) -3.26%
($1.9b) -10.42%
($9.0b) -376.25%
Free Cash Flow — — — — — — $1.6b $2.9b $2.8b $2.9b $2.4b
Investing Cash Flow — — — — — — ($1.4b) ($1.5b) ($1.2b) ($1.2b) ($217.0m)
Net Business Purchase And Sale — — — — — — ($35.0m) ($96.0m) ($8.0m) $0 ($1.0m)
Operating Gains Losses — — — — — $145.0m $28.0m — — — —
Other Non Cash Items — — — — — — $22.0m $44.0m $65.0m $1.6b —
Provisionand Write Offof Assets — — — — — $4.0m $3.0m $8.0m — — —
Purchase Of Business — — — — — — ($35.0m) ($96.0m) ($8.0m) $0 ($1.0m)
Stock Based Compensation — — — — — — $156.0m $102.0m $84.0m $73.0m $84.0m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.