CROWN CASTLE INTERNATIONAL CORP. CCI Income Statement

Crown castle international corp. (CCI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Net revenues:
Site Rental
1,310,000	1,301,000	1,287,000	1,263,000	1,242,000	1,231,000	1,205,000	1,188,000	1,171,000	1,115,000	893,000	869,000	857,000	817,074	812,032	804,600	799,294	785,336	764,606	737,091	731,380	691,045	717,623	710,783	747,162	518,350	620,766	616,849	615,415	570,312	538,761	517,588	497,529	471,331	468,920	457,103	456,196	447,179	437,079	409,631	406,872	402,615	396,466	376,444	367,667	353,984	348,523
Services and other
111,000	125,000	195,000	184,000	166,000	175,000	156,000	131,000	113,000	23,000	170,000	169,000	159,000	215,117	179,984	157,809	135,090	160,500	153,501	162,346	169,091	200,636	175,260	167,459	128,788	123,436	128,211	118,079	124,645	103,775	82,576	67,923	54,216	48,140	44,963	43,233	42,843	49,135	44,811	46,496	37,455	40,929	32,613	33,430	35,243	30,364	30,990
Revenues
1,421,000	1,426,000	1,482,000	1,447,000	1,408,000	1,406,000	1,361,000	1,319,000	1,284,000	1,138,000	1,063,000	1,038,000	1,016,000	1,032,191	992,016	962,409	934,384	945,836	918,107	899,437	900,471	891,681	892,883	878,242	875,950	641,786	748,977	734,928	740,060	674,087	621,337	585,511	551,745	519,471	513,883	500,336	499,039	496,314	481,890	456,127	444,327	443,544	429,079	409,874	402,910	384,348	379,513
Operating expenses:
Direct Costs of Leased and Rented Property or Equipment
375,000	367,000	369,000	365,000	361,000	353,000	355,000	355,000	347,000	329,000	281,000	269,000	265,000	261,777	256,750	252,852	252,621	247,625	247,000	237,031	232,213	220,445	230,599	227,032	228,076	148,286	181,966	179,015	177,606	149,483	135,314	131,571	122,871	120,081	121,759	121,143	118,415	121,683	116,233	115,465	113,755	118,581	114,899	113,382	109,698	115,758	113,746
Services and other
99,000	117,000	146,000	137,000	124,000	135,000	118,000	98,000	85,000	89,000	107,000	104,000	99,000	130,934	109,228	95,867	80,971	94,380	86,859	89,400	86,918	123,865	101,814	101,901	72,874	74,570	81,998	70,199	77,377	67,938	50,029	40,262	31,521	28,774	25,083	25,906	27,224	31,251	26,767	29,927	26,296	28,125	21,613	21,009	22,061	20,541	21,820
Selling, General and Administrative Expense
175,000	157,000	150,000	155,000	152,000	145,000	145,000	138,000	134,000	127,000	100,000	98,000	101,000	92,092	89,941	91,386	97,581	87,041	76,699	73,125	74,056	63,917	65,212	63,318	64,849	41,979	58,504	54,790	58,246	58,631	55,862	47,078	51,001	44,568	42,922	41,259	44,744	43,907	41,420	40,556	39,473	39,103	39,230	38,102	36,637	37,437	38,492
Asset write-down charges
4,000	5,000	2,000	6,000	6,000	8,000	8,000	6,000	3,000	7,000	5,000	4,000	1,000	5,750	8,339	11,952	7,959	13,816	7,477	3,620	8,555	3,476	4,932	3,105	2,733	2,890	3,893	3,097	3,715	7,298	1,560	3,646	3,044	8,589	3,090	6,205	4,401	5,099	4,429	2,597	1,562	4,778	3,073	7,295	4,091	2,902	4,993
Acquisition and integration costs
5,000	3,000	4,000	2,000	4,000	9,000	4,000	8,000	6,000	34,000	13,000	8,000	6,000	5,541	2,680	3,141	5,638	3,677	7,608	2,377	2,016	5,293	4,068	19,125	5,659	12,388	4,369	7,215	1,602	6,186	2,937	7,495	1,680	1,649	617	490	554	963	867	272	0	-	0	0	-	0	0
Depreciation, Amortization and Accretion, Net
399,000	397,000	388,000	393,000	394,000	389,000	385,000	379,000	374,000	360,000	296,000	296,000	289,000	274,275	280,824	276,026	277,875	269,557	261,662	253,153	251,806	241,801	247,206	246,583	250,191	168,824	195,408	190,651	186,459	175,843	154,867	152,482	139,400	138,964	138,523	138,191	137,273	137,259	136,218	134,426	132,868	133,503	131,463	131,597	133,176	131,714	131,896
Total operating expenses
1,057,000	1,046,000	1,059,000	1,058,000	1,041,000	1,039,000	1,015,000	984,000	949,000	946,000	802,000	779,000	761,000	770,369	747,762	731,224	722,645	716,096	687,305	658,706	655,564	658,797	653,831	661,064	624,382	448,937	526,138	504,967	505,005	465,379	400,569	382,534	349,517	342,625	331,994	333,194	332,611	340,162	325,934	323,243	313,954	324,090	310,278	311,385	305,663	308,352	310,947
Operating income (loss)
364,000	380,000	423,000	389,000	367,000	367,000	346,000	335,000	335,000	192,000	261,000	259,000	255,000	261,822	244,254	231,185	211,739	229,740	230,802	240,731	244,907	232,884	239,052	217,178	251,568	192,849	222,839	229,961	235,055	208,708	220,768	202,977	202,228	176,846	181,889	167,142	166,428	156,152	155,956	132,884	130,373	119,454	118,801	98,489	97,247	75,996	68,566
Nonoperating Income (Expense) [Abstract]
Interest Expense, Debt
175,000	857,000	-173,000	-169,000	168,000	-164,000	-160,000	-158,000	-160,000	161,000	154,000	142,000	134,000	129,344	129,916	129,362	126,378	128,346	129,877	134,466	134,439	141,070	141,287	144,534	146,400	142,989	142,016	140,256	164,369	173,683	144,949	144,940	137,472	127,299	127,119	126,483	126,686	125,947	123,196	120,345	120,781	118,876	111,169	110,250	105,587	88,138	88,757
Impairment of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,718	-
Gains (losses) on retirement of long-term obligations
0	0	0	-1,000	-1,000	0	-32,000	-3,000	-71,000	0	0	0	-4,000	292	-10,274	-11,468	-30,550	24	0	-4,181	0	-	0	-44,629	-	-640	-1	-577	-35,909	-117,388	0	-7,518	-7,068	0	0	0	0	0	-71,933	0	-66,434	-905	-4,848	-98,676	13,350	0	0
Gains (losses) on foreign currency swaps (see note 6)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,860	-104,421	-114,598	-73,276	21,094	-58,327	-59,528	3,795	2,404	0
Interest income
1,000	1,000	2,000	1,000	2,000	2,000	1,000	1,000	1,000	7,000	11,000	1,000	0	546	175	105	174	736	789	325	56	-73	107	108	173	95	236	328	297	3,529	291	382	354	112	175	208	171	-	-	-	-	-	-	-	-	-	-
Other income (expense)
0	7,000	-5,000	0	-1,000	1,000	1,000	0	-1,000	-4,000	0	-1,000	6,000	-4,377	-832	-518	-3,273	-1,506	-1,214	59,973	-225	21,343	-694	-5,920	-2,736	-3,149	-631	507	-629	-1,434	-632	-2,249	-1,077	-136	-737	-4,098	-606	-1,588	847	-241	379	-3,126	2,569	3,249	-246	-847	206
Income (Loss) Attributable to Parent, before Tax
-	-	247,000	220,000	-	206,000	156,000	175,000	104,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
190,000	-	-	-	199,000	-	-	-	-	-	118,000	117,000	123,000	128,939	103,407	89,942	51,712	100,648	100,500	162,382	110,299	113,084	97,178	22,203	102,605	46,166	80,427	89,963	34,445	-80,268	75,478	48,652	56,965	49,523	54,208	36,769	39,307	36,681	-142,747	-102,300	-129,739	20,608	-52,974	-166,716	8,559	-34,303	-19,985
Benefit (provision) for income taxes
-5,000	-6,000	-5,000	-4,000	-6,000	-5,000	-5,000	-5,000	-4,000	-38,000	3,000	5,000	4,000	-29,797	5,041	3,884	3,872	-42,077	-3,801	-4,144	-1,435	-5,978	-1,977	-3,101	-188	102,746	33,959	36,587	17,708	-70,624	32,300	-68,432	6,695	584	2,825	5,755	-817	-4,224	-7,597	-4,686	-10,339	1,876	-21,836	-54,949	-1,491	-2,096	-80,324
Income (Loss) from Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	98,365	86,058	47,840	142,725	104,301	166,526	111,734	-	99,155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,312	13,378	-	8,882	10,053	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Gain (Loss) from Disposal of Discontinued Operations, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-522	981,540	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-522	987,852	-	-	8,882	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
185,000	209,000	242,000	216,000	193,000	201,000	151,000	170,000	100,000	20,000	115,000	112,000	119,000	124,736	98,366	86,058	47,840	141,066	103,779	1,154,378	125,112	152,587	108,037	35,357	102,793	-22,680	46,468	53,376	16,737	-9,644	43,178	117,084	50,270	48,939	51,383	31,014	40,124	40,905	-135,150	-97,614	-119,400	18,732	-31,138	-111,767	10,050	-32,207	60,339
Less: Net income (loss) attributable to the noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,018	2,325	-	1,100	-	1,296	866	632	1,017	1,275	9,861	1,133	1,071	239	28	105	143	107	32	-141	-85	-125	584	501	-349	-527	0	0
Net income (loss) attributable to CCIC stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	141,066	103,779	1,153,360	122,787	148,070	106,937	34,009	101,497	-23,546	45,836	52,359	15,462	-19,505	42,045	116,013	50,031	48,911	51,278	30,871	40,017	40,873	-135,009	-97,529	-119,275	18,148	-31,639	-111,418	10,577	-32,207	60,339
Dividends/distributions on preferred stock
-28,000	-29,000	-28,000	-28,000	-28,000	-28,000	-28,000	-28,000	-28,000	-88,000	30,000	0	0	-65,991	10,997	10,997	10,997	10,997	10,997	10,997	10,997	-	10,997	-	10,997	11,363	0	0	0	0	0	0	2,629	4,996	7,541	5,202	5,201	5,202	5,201	5,202	5,201	5,202	5,202	5,201	5,201	-5,201	-5,201
Net income (loss) attributable to CCIC common stockholders
157,000	180,000	214,000	188,000	165,000	173,000	123,000	142,000	72,000	-8,000	85,000	112,000	119,000	124,727	87,369	75,061	36,843	130,069	92,782	1,142,363	111,790	137,073	95,940	23,012	90,500	-34,909	45,836	52,359	15,462	-19,505	42,045	116,013	47,402	43,915	43,737	25,669	34,816	35,671	-140,210	-102,731	-124,476	12,946	-36,841	-116,619	5,376	-37,408	55,138
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
185,000	209,000	242,000	216,000	193,000	201,000	151,000	170,000	100,000	20,000	115,000	112,000	119,000	124,736	98,366	86,058	47,840	141,066	103,779	1,154,378	125,112	152,587	108,037	35,357	102,793	-22,680	46,468	53,376	16,737	-9,644	43,178	117,084	50,270	48,939	51,383	31,014	40,124	40,905	-135,150	-97,614	-119,400	18,732	-31,138	-111,767	10,050	-32,207	60,339
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized gains (losses), net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,160	-6,377	580	-1,265	184	1,239	-17,446	15,285	8,038	922	-528	-9,487
Amounts reclassified into results of operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,718	-
Net change in fair value of cash flow hedging instruments, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-80	-43	-425	-425	-1,086	-17,562	-72,613	-48,933	43,447	-89,324	78,432	48,234	-39,979	61,450
Derivative instruments:
Interest rate swaps reclassified into results of operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,744	-7,490	-7,491	-15,253	-15,551	-16,162	-16,182	-50,372	-10,544	-10,557	-10,570	-10,583	-10,594	-10,609	-16,338	-17,873	-17,986	-17,959	-17,889	-17,944	-16,266	-11,484	-11,196	-6,280	-9,802	-137,916	-893	1,874	1,966
Foreign currency translation adjustments
-1,000	0	0	0	0	0	0	-1,000	0	1,000	0	1,000	0	-857	-1,535	971	-579	-644	-632	3,401	-16,262	-19,724	-24,177	6,332	12,137	-13,371	5,874	-37,827	-390	-812	6,876	-6,645	6,889	5,814	-16,816	6,084	4,070	10,811	26,108	-14,772	5,761	4,805	14,717	26,889	-5,012	-38,215	9,048
Amounts reclassified into discontinued operations for foreign currency translation adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-25,678	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Net of Tax
-1,000	-	0	0	-	0	0	-1,000	0	1,000	0	1,000	0	-857	-1,535	971	-579	-644	3,112	-14,787	-8,771	-4,471	-8,626	22,494	28,319	37,001	16,418	-27,270	10,180	9,771	17,470	3,964	23,227	23,607	1,127	22,458	15,157	-	-	-	-	-	-	-	-	-	-
Comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	106,891	1,139,591	116,341	148,116	99,411	57,851	131,112	14,321	62,886	26,106	26,917	127	60,648	121,048	73,497	72,546	52,510	53,472	55,281	69,154	-111,603	-173,331	-150,137	55,818	-80,658	139,508	55,087	-85,337	123,316
Less: Comprehensive income (loss) attributable to the noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,401	1,070	3,232	-327	1,696	1,944	140	898	-798	1,700	9,790	1,171	1,057	-487	29	88	150	483	18	-196	-71	26	564	326	-369	-539	0	0
Comprehensive income (loss) attributable to CCIC stockholders
184,000	209,000	242,000	216,000	193,000	201,000	151,000	169,000	100,000	21,000	115,000	113,000	119,000	123,879	96,831	87,029	47,261	142,893	106,891	1,138,190	115,271	144,884	99,738	56,155	129,168	14,181	61,988	26,904	25,217	-9,663	59,477	119,991	73,984	72,517	52,422	53,322	54,798	69,136	-111,407	-173,260	-150,163	55,254	-80,984	139,877	55,626	-85,337	123,316
Net income (loss) attributable to CCIC common stockholders, per common share:
Earnings Per Share [Abstract]
Basic
0.38	0.44	0.51	0.45	0.40	0.42	0.30	0.34	0.18	-0.06	0.22	0.31	0.33	0.36	0.26	0.22	0.11	0.39	0.28	3.43	0.34	0.41	0.29	0.07	0.27	-0.13	0.16	0.18	0.05	-0.07	0.14	0.40	0.17	0.15	0.16	0.09	0.12	0.12	-0.49	-0.36	-0.43	-	-0.13	-	0.02	-	0.20
Diluted
0.38	0.43	0.51	0.45	0.40	0.42	0.30	0.34	0.18	-0.05	0.21	0.31	0.33	0.36	0.26	0.22	0.11	0.38	0.28	3.42	0.34	0.41	0.29	0.07	0.27	-0.13	0.16	0.18	0.05	-0.07	0.14	0.40	0.17	0.16	0.15	0.09	0.12	0.12	-0.49	-0.36	-0.43	-	-0.13	-	0.02	-	0.19
Weighted-average common shares outstanding (in millions):
Basic
416,000	417,000	416,000	416,000	415,000	415,000	415,000	415,000	409,000	408,000	395,000	364,000	361,000	350,721	337,564	337,560	334,155	333,156	333,049	333,091	332,712	332,417	332,413	332,344	332,034	319,633	290,372	291,225	291,102	290,816	290,762	290,649	284,913	280,975	282,031	285,280	286,998	286,406	286,119	286,080	288,451	287,419	286,707	286,449	285,913	-	279,428
Diluted
418,000	419,000	418,000	418,000	417,000	417,000	416,000	416,000	410,000	407,000	397,000	366,000	362,000	352,053	338,409	338,609	334,929	335,319	333,711	333,733	333,485	333,693	333,241	333,081	333,045	320,518	291,378	292,706	292,570	295,926	292,098	291,203	285,853	283,858	283,899	287,026	289,005	286,406	286,119	286,080	288,451	285,724	286,707	286,449	287,608	-	288,427
Common Stock, Dividends, Per Share, Declared
-	-	-	-	-	-	-	-	-	-	0.95	0.95	0.95	-	0.88	-	-	-	-	-	-	-	-	-	0.35	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to CCIC common stockholders, after deduction of dividends on preferred stock, per common share - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.13	-
Weighted-average common shares outstanding - basic and diluted (in thousands)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	283,573	-