Crown Castle Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Income	1,039	1,103	1,162	1,237	1,675	1,158
Depreciation & Amortization	716	722	768	816	1,724	1,657
Stock-Based Compensation	73	73	84	102	156	129
Other Adjustments	10	7	48	33	70	191
Change in Receivables	-15	3	35	152	-49	-113
Changes in Accounts Payable	24	17	-19	-9	-5	15
Changes in Accrued Expenses	-6	-9	25	36	-	-17
Changes in Other Operating Activities	1,084	1,141	840	759	-693	-293
Operating Cash Flow	2,925	3,057	2,943	3,126	2,878	2,789
Operating Cash Flow Growth	-2.01%	3.87%	-5.85%	8.62%	3.19%	-8.71%
Capital Expenditures	-199	-182	-176	-243	-1,310	-1,229
Payments for Business Acquisitions	-	-	-8	-96	-35	-111
Other Investing Activities	-1,017	-976	-1,036	-1,180	-7	8
Investing Cash Flow	-1,216	-1,158	-1,220	-1,519	-1,352	-1,332
Short-Term Debt Issued	2,550	1,200	-	3,613	3,495	1,245
Short-Term Debt Repaid	-315	-255	-670	-4,248	-2,855	-870
Net Short-Term Debt Issued (Repaid)	2,235	945	-670	-635	640	375
Long-Term Debt Issued	-	-	1,244	3,843	748	3,985
Long-Term Debt Repaid	-2,222	-1,318	-849	-829	-1,348	-3,165
Net Long-Term Debt Issued (Repaid)	-2,222	-1,318	395	3,014	-600	820
Repurchase of Common Stock	-27	-23	-33	-30	-65	-70
Net Common Stock Issued (Repurchased)	-27	-23	-33	-30	-65	-70
Common Dividends Paid	-1,863	-2,080	-2,729	-2,723	-2,602	-2,373
Other Financing Activities	215	590	1,329	-1,280	962	-62
Financing Cash Flow	-1,662	-1,886	-1,708	-1,654	-1,665	-1,310
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-1	1	-	-
Net Cash Flow	47	13	15	-47	-139	85
Free Cash Flow	2,726	2,875	2,767	2,883	1,568	1,560
Free Cash Flow Growth	-5.18%	3.90%	-4.02%	83.86%	0.51%	9.01%
FCF Margin	64.70%	67.42%	62.04%	60.90%	22.44%	24.61%
Free Cash Flow Per Share	6.24	6.58	6.38	6.64	3.61	3.59
Levered Free Cash Flow	2,709	1,095	-7,753	5,515	1,507	2,694
Unlevered Free Cash Flow	3,607	3,734	3,525	3,421	2,119	2,106

SEC Filings: 10-K · 10-Q