← 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
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)
Net Income (Loss) Attributable to Parent $357.0m $444.6m — — — — $1.7b $1.5b ($3.9b) $444.0m
Net Income (Loss) Available to Common Stockholders, Basic $324.0m $386.3m $558.0m $747.0m $999.0m $1.1b $1.7b $1.5b ($3.9b) $444.0m
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
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
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
Depreciation Amortization Depletion — — — — — — $1.7b $787.0m $736.0m $690.0m
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
Deferred Income Tax Expense (Benefit) $8.6m $14.9m $2.0m $2.0m $3.0m $4.0m $3.0m $8.0m $4.0m $0
Deferred Income Tax — — — — — — $3.0m $9.0m $4.0m $0
Deferred Tax — — — — — — $3.0m $9.0m $4.0m $0
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
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
Goodwill and Intangible Asset Impairment — — — — — — — — ($5.0b) —
Asset Impairment Charge — — — — — — $34.0m $9.0m $11.0m $11.0m
Gain (Loss) on Extinguishment of Debt ($52.3m) ($3.5m) ($106.0m) ($2.0m) ($95.0m) ($145.0m) ($28.0m) $0 $0 $0
Income Tax Expense (Benefit) $16.9m $26.0m ($19.0m) ($21.0m) ($20.0m) ($21.0m) $16.0m $26.0m $24.0m $16.0m
Operating Lease, Expense — — — $648.0m $640.0m $646.0m $660.0m $708.0m $706.0m $599.0m
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:
Additional Financial Items
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)
Payments of Financing Costs $41.5m $29.2m $31.0m ($24.0m) $38.0m $42.0m $14.0m $39.0m ($12.0m) $0
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
Goodwill $5.8b $10.0b $10.1b $10.1b $10.1b $10.1b $10.1b $10.1b $5.1b $5.1b
Investment Income, Interest $796k $18.8m $5.0m $6.0m $2.0m $1.0m $3.0m $15.0m $19.0m $13.0m
Beginning Cash Position — — — — — — $466.0m $327.0m $281.0m $295.0m
Cash Flow From Continuing Financing Activities — — — — — — ($1.7b) ($1.7b) ($1.7b) ($1.9b)
Cash Flow From Continuing Investing Activities — — — — — — ($1.4b) ($334.0m) ($175.0m) ($178.0m)
Cash From Discontinued Investing Activities — — — — — — — ($1.2b) ($1.0b) ($980.0m)
Change In Account Payable — — — — — — ($5.0m) ($9.0m) ($19.0m) $17.0m
Change In Accrued Expense — — — — — — $0 $36.0m $25.0m ($9.0m)
Change In Interest Payable — — — — — — $0 $36.0m $25.0m ($9.0m)
Change In Other Current Assets — — — — — — ($412.0m) ($251.0m) ($113.0m) $11.0m
Change In Other Current Liabilities — — — — — — ($281.0m) ($182.0m) ($170.0m) ($55.0m)
Change In Payable — — — — — — ($5.0m) ($9.0m) ($19.0m) $17.0m
Change In Payables And Accrued Expense — — — — — — ($5.0m) $27.0m $6.0m $8.0m
Change In Receivables — — — — — — ($49.0m) $152.0m $35.0m $3.0m
Change In Working Capital — — — — — — ($747.0m) ($254.0m) ($242.0m) ($33.0m)
Changes In Cash — — — — — — ($139.0m) ($47.0m) $15.0m $13.0m
End Cash Position — — — — — — $327.0m $281.0m $295.0m $308.0m
Financing Cash Flow — — — — — — ($1.7b) ($1.7b) ($1.7b) ($1.9b)
Free Cash Flow — — — — — — $1.6b $2.9b $2.8b $2.9b
Investing Cash Flow — — — — — — ($1.4b) ($1.5b) ($1.2b) ($1.2b)
Net Business Purchase And Sale — — — — — — ($35.0m) ($96.0m) ($8.0m) $0
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
Repurchase Of Capital Stock — — — — — — ($65.0m) ($30.0m) ($33.0m) ($23.0m)
Stock Based Compensation — — — — — — $156.0m $102.0m $84.0m $73.0m
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $0 $0 — — — ($62.0m) $0 $0 $0 ($1.6b)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $0 $0 — — — — — ($265.0m) $5.1b ($916.0m)
Other Operating Income (Expense), Net — — — — ($362.0m) $0 $0 — — —
Net Cash Provided by (Used in) Operating Activities $1.8b $2.0b $2.5b $2.7b $3.1b $2.8b $2.9b $3.1b $2.9b $3.1b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($1.3b) ($243.0m) ($176.0m) ($182.0m)
Capital Expenditure Reported $873.9m $1.2b $1.7b ($2.1b) $1.6b $1.2b ($1.3b) ($243.0m) ($176.0m) ($182.0m)
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
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
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)
Cash flows from financing activities:
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
Issuance Of Debt — — — — — — $4.2b $7.5b $1.2b $1.2b
Long Term Debt Issuance — — — — — — $4.2b $7.5b $1.2b $1.2b
Net Issuance Payments Of Debt — — — — — — $1.0b $1.1b $1.1b $217.0m
Net Long Term Debt Issuance — — — — — — $40.0m $2.4b ($275.0m) ($373.0m)
Net Short Term Debt Issuance — — — — — — $976.0m ($1.2b) $1.3b $590.0m
Repayments of Long-term Debt $4.0b $0 $2.3b ($12.0m) $2.5b $2.1b $1.3b $750.0m ($750.0m) ($1.2b)
Long Term Debt Payments — — — — — — ($4.2b) ($5.1b) ($1.5b) ($1.6b)
Repayment Of Debt — — — — — — ($4.2b) ($5.1b) ($1.5b) ($1.6b)
Net Common Stock Issuance — — — — — — ($65.0m) ($30.0m) ($33.0m) ($23.0m)
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)
Common Stock Payments — — — — — — ($65.0m) ($30.0m) ($33.0m) ($23.0m)
Dividends Payable — $28.4m $0 $0 — — — — — —
Cash Dividends Paid — — — — — — ($2.6b) ($2.7b) ($2.7b) ($2.1b)
Common Stock Dividend Paid — — — — — — ($2.6b) ($2.7b) ($2.7b) ($2.1b)
Preferred Stock Dividend Paid — — — — — $0 $0 — — —
Net Other Financing Charges — — — — — ($42.0m) ($14.0m) ($39.0m) ($12.0m) —
Net Cash Provided by (Used in) Financing Activities ($96.3m) $8.2b ($733.0m) ($692.0m) ($1.3b) ($1.3b) ($1.7b) ($1.7b) ($1.7b) ($1.9b)
Effect Of Exchange Rate Changes — — — — — — $0 $1.0m ($1.0m) $0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — — — $0 $1.0m ($1.0m) $0
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
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($139.0m) ($47.0m) $15.0m $13.0m
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. 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.