← 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
Total Revenue $3.9b $4.4b $707.0m $670.0m $520.0m $621.0m $697.0m $449.0m $210.0m $215.0m
Cost of Revenue $2.6b $2.9b $437.0m $524.0m $448.0m $439.0m $466.0m $316.0m $119.0m $113.0m
Gross Profit (Calculated) (derived) $1.3b $1.5b $270.0m $146.0m $72.0m $182.0m ($1.3b) ($1.5b) ($1.6b) $102.0m
Operating Income (Loss) $949.2m $1.0b $1.4b $1.6b $1.9b $2.0b $2.4b $2.4b ($2.9b) $2.1b
Additional Financial Items
Amortization of Intangible Assets — — — — $439.0m $444.0m $446.0m $447.0m $397.0m $177.0m
Income (Loss) Attributable to Parent, before Tax $0 $0 — $881.0m $1.1b $1.2b $1.7b $1.5b ($3.9b) $916.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $349.0m $450.8m $667.0m $850.0m $1.0b $1.1b $1.7b $1.5b ($3.9b) $1.1b
Income (Loss) from Continuing Operations, Per Basic Share — — — $2 $2 $3 $4 $3 $3 $3
Income (Loss) from Continuing Operations, Per Diluted Share $1 $1 $1 $2 $2 $3 $4 $3 ($9) $3
Preferred Stock Dividends and Other Adjustments $33.0m $58.3m — — — — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — — — — $1.3b $1.2b $1.1b
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 $1.2b $1.1b
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $0 — — — ($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) from Continuing Operations Available to Common Shareholders, Basic $324.0m $386.3m $558.0m $747.0m $999.0m $1.2b $1.7b $1.5b ($3.9b) $444.0m
Net Income (Loss) Attributable to Parent $357.0m $444.6m $558.0m $747.0m $999.0m $1.1b $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) Attributable to Noncontrolling Interest $0 $0 — — — — — $1.3b $1.2b $1.1b
Earnings Per Share, Basic $0.95 $1.01 $1.35 $1.80 $2.36 $2.54 $3.87 $3.46 ($8.98) $1.02
Earnings Per Share, Diluted $0.95 $1.01 $1.34 $1.79 $2.35 $2.53 $3.86 $3.46 ($8.98) $1.01
Common Stock, Dividends, Per Share, Declared $3.61 $3.90 $4.28 $4.58 $4.93 $5.46 $5.98 $6.26 $6.26 $4.75
Weighted Average Number of Shares Outstanding, Basic 340.3m 381.7m 413.0m 416.0m 423.0m 432.0m 433.0m 434.0m 434.0m 435.0m
Weighted Average Number of Shares Outstanding, Diluted 340.9m 383.2m 415.0m 418.0m 425.0m 434.0m 434.0m 434.0m 434.0m 437.0m
Selling, General and Administrative Expense $371.0m $426.7m $563.0m $614.0m $678.0m $680.0m $750.0m $759.0m $706.0m $383.0m
Other Nonoperating Income (Expense) ($8.8m) $2.0m $1.0m $1.0m ($5.0m) ($21.0m) ($10.0m) ($6.0m) ($28.0m) $3.0m
Current Income Tax Expense (Benefit) $8.3m $11.2m $17.0m $19.0m $17.0m $17.0m ($13.0m) ($18.0m) ($20.0m) ($16.0m)
Direct Costs of Leased and Rented Property or Equipment $1.0b $1.1b $1.4b $1.5b $1.5b $1.6b $1.6b $1.7b $1.7b $992.0m
Interest Expense $0 $0 — — — — — — — —
Interest Expense, Debt $500.7m $581.3m $635.0m $683.0m $689.0m $657.0m $699.0m $850.0m ($932.0m) $972.0m
Operating Lease, Expense — — — $648.0m $640.0m $646.0m $660.0m $708.0m $706.0m $599.0m
Income Tax Expense (Benefit) $16.9m $26.0m ($19.0m) ($21.0m) ($20.0m) ($21.0m) $16.0m $26.0m $24.0m $16.0m
Other Operating Income (Expense), Net $949.2m $1.0b $1.4b $1.6b ($362.0m) $0 $0 $2.4b $2.9b $2.1b

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.