Crown Castle Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	11,746	12,177	21,853	21,933	21,951
Cash & Equivalents	99	100	105	156	292
Accounts Receivable	339	293	597	720	635
Goodwill	5,127	5,127	10,085	10,085	10,078
Other Intangible Assets	861	1,037	3,179	3,596	4,046
Restricted Cash	170	170	171	166	169
Other Current Assets	536	527	159	175	158
Deferred Long-Term Tax Assets	42	43	47	54	26
Other Long-Term Assets	12,598	13,262	2,331	2,036	1,685
Total Assets	31,518	32,736	38,527	38,921	39,040
Current Portion of Long-Term Debt	2,783	603	835	819	72
Current Portion of Leases	268	264	332	350	349
Long-Term Debt	21,296	23,179	21,816	20,664	20,315
Long-Term Leases	5,219	5,334	5,831	6,127	6,273
Accounts Payable	71	48	252	236	246
Accrued Expenses	403	411	561	590	583
Current Unearned Revenue	192	141	605	736	776
Other Current Liabilities	762	710	-	-	-
Long-Term Unearned Revenue	245	289	1,310	1,337	1,568
Long-Term Deferred Tax Liabilities	31	31	26	18	14
Other Long-Term Liabilities	1,883	1,859	578	595	586
Total Liabilities	33,153	32,869	32,146	31,472	30,782
Common Stock	4	4	4	4	4
Additional Paid-In Capital	18,527	18,393	18,270	18,116	18,011
Distributions in Excess of Earnings	-20,161	-18,525	-11,889	-10,666	-9,753
Comprehensive Income & Other	-5	-5	-4	-5	-4
Total Common Equity	-1,635	-133	6,381	7,449	8,258
Shareholders' Equity	-1,635	-133	6,381	7,449	8,258
Total Liabilities & Equity	31,518	32,736	38,527	38,921	39,040
Total Debt	29,566	29,380	28,814	27,960	27,009
Net Cash (Debt)	-29,467	-29,280	-28,709	-27,804	-26,717
Net Cash Per Share	-67.43	-67.47	-66.15	-64.06	-61.56
Filing Date Shares Outstanding	436.07	435.43	434.22	433.44	432.21
Total Common Shares Outstanding	435	435	434	433	432
Book Value Per Share	-3.76	-0.31	14.70	17.20	19.12
Tangible Book Value	-7,623	-6,297	-6,883	-6,232	-5,866
Tangible Book Value Per Share	-17.52	-14.48	-15.86	-14.39	-13.58
Land	2,633	2,534	2,442	2,339	2,259
Buildings	182	182	209	221	218
Construction In Progress	134	118	1,134	913	853

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.