CROWN CASTLE INTERNATIONAL CORP. CCI Income Statement

Crown castle international corp. (CCI)

Income statement / TTM

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
5,161	5,093	5,023	4,941	4,866	4,795	4,679	4,367	4,048	3,734	3,436	3,355	3,290	3,233	3,201	3,153	3,086	3,018	2,924	2,877	2,850	2,866	2,693	2,597	2,503	2,371	2,423	2,341	2,242	2,124	2,025	1,955	1,894	1,853	1,829	1,797	1,750	1,700	1,656	1,615	1,582	1,543	1,494	1,446	0	0	0
Services and other
615	670	720	681	628	575	423	437	475	521	713	723	711	688	633	606	611	645	685	707	712	672	594	547	498	494	474	429	378	308	252	215	190	179	180	180	183	177	169	157	144	142	131	130	0	0	0
Revenues
5,776	5,763	5,743	5,622	5,494	5,370	5,102	4,804	4,523	4,255	4,149	4,078	4,002	3,921	3,834	3,760	3,697	3,663	3,609	3,584	3,563	3,538	3,288	3,144	3,001	2,865	2,898	2,770	2,620	2,432	2,278	2,170	2,085	2,032	2,009	1,977	1,933	1,878	1,825	1,773	1,726	1,685	1,626	1,576	0	0	0
Operating expenses:
Direct Costs of Leased and Rented Property or Equipment
1,476	1,462	1,448	1,434	1,424	1,410	1,386	1,312	1,226	1,144	1,076	1,052	1,036	1,024	1,009	1,000	984	963	936	920	910	906	833	785	737	686	688	641	593	539	509	496	485	481	483	477	471	467	464	462	460	456	453	452	0	0	0
Services and other
499	524	542	514	475	436	390	379	385	399	440	443	435	417	380	358	351	357	387	401	414	400	351	331	299	304	297	265	235	189	150	125	111	106	109	111	115	114	111	105	97	92	85	85	0	0	0
Selling, General and Administrative Expense
637	614	602	597	580	562	544	499	459	426	391	381	374	371	365	352	334	310	287	276	266	257	235	228	220	213	230	227	219	212	198	185	179	173	172	171	170	165	160	158	155	153	151	150	0	0	0
Asset write-down charges
17	19	22	28	28	25	24	21	19	17	15	19	27	34	42	41	32	33	23	20	20	14	13	12	12	13	18	15	16	15	16	18	20	22	18	20	16	13	13	12	16	19	17	19	0	0	0
Acquisition and integration costs
14	13	19	19	25	27	52	61	61	61	32	22	17	17	15	20	19	15	17	13	30	34	41	41	29	25	19	17	18	18	13	11	4	3	2	2	2	2	1	0	0	-	0	0	-	0	0
Depreciation, Amortization and Accretion, Net
1,577	1,572	1,564	1,561	1,547	1,527	1,498	1,409	1,326	1,241	1,155	1,140	1,120	1,109	1,104	1,085	1,062	1,036	1,008	993	987	985	912	861	805	741	748	707	669	622	585	569	555	552	551	548	545	540	537	532	529	529	527	528	0	0	0
Total operating expenses
4,220	4,204	4,197	4,153	4,079	3,987	3,894	3,681	3,476	3,288	3,112	3,058	3,010	2,972	2,917	2,857	2,784	2,717	2,660	2,626	2,629	2,598	2,388	2,260	2,104	1,985	2,001	1,875	1,753	1,597	1,475	1,406	1,357	1,340	1,337	1,331	1,321	1,303	1,287	1,271	1,259	1,251	1,235	1,236	0	0	0
Operating income (loss)
1,556	1,559	1,546	1,469	1,415	1,383	1,208	1,123	1,047	967	1,036	1,020	992	949	916	903	913	946	949	957	934	940	900	884	897	880	896	894	867	834	802	763	728	692	671	645	611	575	538	501	467	433	390	340	0	0	0
Nonoperating Income (Expense) [Abstract]
Interest Expense, Debt
690	683	-338	-325	-314	-642	-317	-3	297	591	559	535	522	515	514	513	519	527	539	551	561	573	575	575	571	589	620	623	627	601	554	536	518	507	506	502	496	490	483	471	461	445	415	392	0	0	0
Impairment of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Gains (losses) on retirement of long-term obligations
-1	-2	-2	-34	-36	-106	-106	-74	-71	-4	-3	-13	-25	-52	-52	-41	-34	-4	-4	-48	0	-	0	0	-	-37	-153	-153	-160	-131	-14	-14	-7	0	0	-71	-71	-138	-139	-72	-170	-91	-90	-85	0	0	0
Gains (losses) on foreign currency swaps (see note 6)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-286	-271	-225	-170	-92	-111	-53	0	0	0
Interest income
5	6	7	6	6	5	10	20	20	19	12	1	0	1	1	1	2	1	1	0	0	0	0	0	0	0	4	4	4	4	1	1	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Other income (expense)
2	1	-5	1	1	1	-4	-5	-6	1	0	-0	0	-9	-6	-6	53	57	79	80	14	11	-12	-12	-6	-3	-2	-2	-4	-5	-4	-4	-6	-5	-7	-5	-1	-0	-2	-0	3	2	4	2	0	0	0
Income (Loss) Attributable to Parent, before Tax
-	-	872	781	-	641	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
0	-	-	-	0	-	-	-	-	-	486	472	445	374	345	342	415	473	486	482	342	335	268	251	319	251	124	119	78	100	230	209	197	179	166	-29	-169	-338	-354	-264	-328	-190	-245	-212	0	0	0
Benefit (provision) for income taxes
-20	-21	-20	-20	-21	-19	-52	-44	-34	-26	-17	-15	-16	-17	-29	-38	-46	-51	-15	-13	-12	-11	97	133	173	191	17	15	-89	-100	-28	-58	15	8	3	-6	-17	-26	-20	-34	-85	-76	-80	-138	0	0	0
Income (Loss) from Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	374	380	461	525	481	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	28	38	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Gain (Loss) from Disposal of Discontinued Operations, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
852	860	852	761	715	622	441	405	347	366	470	454	428	357	373	378	1,447	1,524	1,535	1,540	421	398	223	161	179	93	106	103	167	200	259	267	181	171	163	-23	-151	-311	-333	-229	-243	-114	-165	-73	0	0	0
Less: Net income (loss) attributable to the noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	4	0	0	-	0	-	3	3	12	13	13	12	2	1	0	0	0	0	-0	-0	0	0	0	0	-0	-0	0	0	0
Net income (loss) attributable to CCIC stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,520	1,527	1,531	411	390	218	157	176	90	94	90	154	188	257	266	181	171	163	-23	-151	-310	-333	-230	-244	-114	-164	-72	0	0	0
Dividends/distributions on preferred stock
-113	-113	-112	-112	-112	-112	-172	-114	-86	-58	-35	-54	-43	-33	43	43	43	43	43	0	0	-	0	-	22	11	0	0	0	2	7	15	20	22	23	20	20	20	20	20	20	20	10	0	0	0	0
Net income (loss) attributable to CCIC common stockholders
739	747	740	649	603	510	329	291	261	308	440	443	406	324	329	334	1,402	1,477	1,484	1,487	367	346	174	124	153	78	94	90	154	185	249	251	160	148	139	-44	-172	-331	-354	-251	-264	-135	-185	-93	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
852	860	852	761	715	622	441	405	347	366	470	454	428	357	373	378	1,447	1,524	1,535	1,540	421	398	223	161	179	93	106	103	167	200	259	267	181	171	163	-23	-151	-311	-333	-229	-243	-114	-165	-73	0	0	0
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized gains (losses), net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	-6	-8	-6	0	-17	-0	7	6	23	-1	0	0	0
Amounts reclassified into results of operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Net change in fair value of cash flow hedging instruments, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-1	-19	-91	-140	-95	-167	-16	80	-2	148	0	0	0
Derivative instruments:
Interest rate swaps reclassified into results of operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18	-33	-45	-54	-63	-98	-93	-87	-82	-42	-42	-42	-48	-55	-62	-70	-71	-71	-70	-63	-56	-45	-38	-165	-154	-146	-134	0	0	0
Foreign currency translation adjustments
-1	0	0	0	-1	-1	0	0	2	2	0	-1	-1	-2	-1	-0	1	-14	-33	-56	-53	-25	-19	10	-33	-45	-33	-32	-0	6	12	-10	1	-0	4	47	26	27	21	10	52	41	-1	-7	0	0	0
Amounts reclassified into discontinued operations for foreign currency translation adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Net of Tax
0	-	0	0	-	-1	0	0	2	2	0	-1	-1	-2	-1	2	-12	-21	-24	-36	0	37	79	104	54	36	9	10	41	54	68	51	70	62	0	0	0	-	-	-	-	-	-	-	-	-	-
Comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,510	1,503	421	436	302	266	234	130	116	113	208	255	327	319	252	233	230	66	-160	-365	-379	-348	-35	169	28	232	0	0	0
Less: Comprehensive income (loss) attributable to the noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	5	5	6	3	4	2	1	11	11	13	11	1	0	-0	0	0	0	0	-0	0	0	0	-0	-0	-0	0	0	0
Comprehensive income (loss) attributable to CCIC stockholders
851	860	852	761	714	621	441	405	349	368	470	452	426	355	374	384	1,435	1,503	1,505	1,498	416	429	299	261	232	128	104	101	195	243	325	318	252	233	229	65	-160	-365	-379	-349	-36	169	29	233	0	0	0
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	417	416	416	415	415	415	415	409	408	395	364	361	350	337	337	334	333	333	333	332	332	332	332	332	319	290	291	291	290	290	290	284	280	282	285	286	286	286	286	288	287	286	286	285	-	279
Diluted
418	419	418	418	417	417	416	416	410	407	397	366	362	352	338	338	334	335	333	333	333	333	333	333	333	320	291	292	292	295	292	291	285	283	283	287	289	286	286	286	288	285	286	286	287	-	288
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	-