Company Quick10K Filing
Crown Castle
10-Q 2020-03-31 Filed 2020-05-01
10-K 2019-12-31 Filed 2020-03-10
10-Q 2019-09-30 Filed 2019-11-04
10-Q 2019-06-30 Filed 2019-07-31
10-Q 2019-03-31 Filed 2019-05-03
10-K 2018-12-31 Filed 2019-02-25
10-Q 2018-09-30 Filed 2018-11-05
10-Q 2018-06-30 Filed 2018-08-06
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-02-26
10-Q 2017-09-30 Filed 2017-11-07
10-Q 2017-06-30 Filed 2017-08-07
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-02-22
10-Q 2016-09-30 Filed 2016-11-01
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-02-22
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-02-19
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-06
10-K 2013-12-31 Filed 2014-02-24
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-06
10-Q 2013-03-31 Filed 2013-05-03
10-K 2012-12-31 Filed 2013-02-12
10-Q 2012-09-30 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-08-06
10-Q 2012-03-31 Filed 2012-05-03
10-K 2011-12-31 Filed 2012-02-13
10-Q 2011-09-30 Filed 2011-11-03
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-02-15
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-02-16
8-K 2020-05-14 Shareholder Vote
8-K 2020-05-14 Regulation FD, Exhibits
8-K 2020-04-29 Earnings, Regulation FD, Exhibits
8-K 2020-04-03 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-03-31 Other Events
8-K 2020-03-31 Enter Agreement, Other Events, Exhibits
8-K 2020-02-25 Earnings, Amendment, Regulation FD, Exhibits
8-K 2020-02-20 Regulation FD, Exhibits
8-K 2020-02-20 Officers, Exhibits
8-K 2019-12-16 Regulation FD, Exhibits
8-K 2019-10-17
8-K 2019-10-16
8-K 2019-10-16
8-K 2019-08-15 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-08-08 Regulation FD, Exhibits
8-K 2019-08-01 Enter Agreement, Other Events, Exhibits
8-K 2019-07-17 Earnings, Regulation FD, Exhibits
8-K 2019-06-21 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-05-16 Shareholder Vote, Regulation FD, Exhibits
8-K 2019-04-17 Earnings, Regulation FD, Exhibits
8-K 2019-04-08 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-03-20 Enter Agreement, Exhibits
8-K 2019-02-21 Officers, Exhibits
8-K 2019-02-21 Regulation FD, Exhibits
8-K 2019-02-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-01-29 Enter Agreement, Other Events, Exhibits
8-K 2019-01-23 Earnings, Regulation FD, Exhibits
8-K 2018-10-18 Regulation FD, Exhibits
8-K 2018-10-17 Earnings, Regulation FD, Exhibits
8-K 2018-08-02 Regulation FD, Exhibits
8-K 2018-07-18 Earnings, Regulation FD, Exhibits
8-K 2018-07-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-06-26 Regulation FD, Exhibits
8-K 2018-06-20 Other Events, Exhibits
8-K 2018-06-14 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-05-17 Shareholder Vote, Regulation FD, Exhibits
8-K 2018-04-30 Regulation FD
8-K 2018-04-18 Earnings, Regulation FD, Exhibits
8-K 2018-04-06 Enter Agreement, Exhibits
8-K 2018-03-26 Other Events, Exhibits
8-K 2018-02-28 Enter Agreement, Exhibits
8-K 2018-02-21 Officers, Exhibits
8-K 2018-02-21 Regulation FD, Exhibits
8-K 2018-01-24 Earnings, Regulation FD, Exhibits
8-K 2018-01-16 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-01-09 Enter Agreement, Other Events, Exhibits

Crown Castle Financials

CCI Metrics, Comps, Filings

Quarterly | Annual

Business

We own, operate and lease shared communications infrastructure that is geographically dispersed throughout the U.S., including (1) approximately 40,000 towers and other structures, such as rooftops (collectively, "towers"), and (2) approximately 65,000 route miles of fiber primarily supporting small cell networks ("small cells") and fiber solutions. Our towers, fiber and small cells assets are collectively referred to herein as "communications infrastructure," and our customers on our communications infrastructure are referred to herein as "tenants." Our core business is providing access, including space or capacity, to our shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease and service agreements (collectively, "contracts"). We seek to increase our site rental revenues by adding more tenants on our shared communications infrastructure, which we expect to result in significant incremental cash flows due to our low incremental operating costs.

Below is certain information concerning our business:

-Over the last two decades, we have assembled a leading portfolio of towers predominately through acquisitions from large wireless carriers or their predecessors. More recently, through both acquisitions (see note 3 to our consolidated financial statements) and new construction of small cells and fiber, we have extended our communications infrastructure presence by investing significantly in our Fiber segment. Through our product offerings of towers and small cells, we seek to provide a comprehensive solution to enable our wireless tenants to expand coverage and capacity for wireless networks. Furthermore, within our Fiber segment, we are able to generate cash flow growth and stockholder return by deploying our fiber for both small cells' and fiber solutions' tenants.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
American Tower (AMT) 98,992 72% 32.8 4% 39,307 32,937 7,788 5,620 1,640 3,624 119,027
Simon Property Group (SPG) 70,696 0% 22.8 6% 30,651 25,409 5,266 0 1,932 4,054 92,497
Crown Castle (CCI) 57,630 69% 52.3 2% 38,344 27,019 5,837 4,008 913 1,440 75,273
Prologis (PLD) 56,208 0% 21.8 5% 39,448 13,513 3,312 0 1,966 3,063 66,730
Equinix (EQIX) 49,567 49% 29.5 2% 22,842 14,081 5,455 2,700 493 1,957 57,636
Public Storage (PSA) 42,781 54% 19.6 15% 11,414 2,625 2,822 1,520 1,726 2,260 44,216
Welltower (WELL) 36,282 36% 22.9 3% 31,864 15,168 5,100 1,831 1,090 2,116 48,408
Equity Residential (EQR) 33,567 0% 25.1 3% 21,054 10,152 2,017 0 708 1,334 33,483
AvalonBay Communities (AVB) 29,966 0% 22.3 5% 19,060 8,242 2,310 0 1,004 1,660 37,054
SBA Communications (SBAC) 28,336 57% 55.8 1% 9,201 12,747 1,985 1,129 137 683 38,108
Digital Realty Trust (DLR) 28,117 0% 26.4 1% 23,173 12,943 3,200 0 304 1,479 39,101
Ventas (VTR) 27,433 25% 18.6 2% 24,804 13,731 3,800 942 490 1,464 27,225
Equity Lifestyle Properties (ELS) 25,670 0% 89.0 7% 4,137 2,818 1,022 0 288 288 25,628
Realty Income (O) 25,137 0% 25.8 2% 17,180 7,862 1,094 0 308 966 24,878
Essex Property Trust (ESS) 22,280 0% 28.7 3% 12,998 6,544 1,085 0 454 977 28,052
Weyerhaeuser (WY) 20,746 13% 49.6 -1% 16,832 8,233 6,649 895 -155 570 28,299
Boston Properties (BXP) 20,149 56% 13.4 3% 21,289 13,286 2,908 1,629 625 1,448 19,344
Alexandria Real Estate Equities (ARE) 17,631 0% 28.6 2% 17,058 8,095 1,432 0 320 837 23,935
Extra Space Storage (EXR) 16,083 57% 21.2 5% 8,318 5,410 1,280 724 440 756 16,016
WP Carey (WPC) 15,339 76% 23.6 3% 14,084 7,119 1,195 909 372 892 21,048

Balance Sheet ($MM)2009-12-312010-03-312010-09-302011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash7663973042351992292571,0642852785811611672192232012272391762403391841791762021565682052006,719314345336453413408429325
Accounts Receivable4441555457657780124141193213201236250246304312329293253325313255229276374303306318398402455471501545591667
Inventory
PP&E4,8964,8424,8974,8544,8294,8648,6854,8365,3485,38111,1676,8826,8926,90413,6818,9278,8888,87114,5879,1409,0429,49915,3799,5599,6709,71416,41910,29410,50810,60020,43313,05113,21813,43322,24213,88314,15114,416
Assets10,95710,56110,65310,39710,38510,44310,54512,12512,59812,73616,08915,37315,39315,56820,59520,57020,67220,78521,14321,10521,01221,99622,03621,71822,15322,17222,67523,77724,48431,01232,23032,25032,37432,64432,78537,77838,14738,344
Accounts Payable3325283033303232464811697112120145127133175168147154157160142143149189155179179249248272302313311337368
Long-Term Debt6,3626,3696,5946,7036,7866,9036,9588,4738,4348,42711,61410,83610,78110,76911,59411,57311,57011,57311,92112,07111,13512,14512,25311,96312,52112,68812,26213,58313,93515,31216,26215,86216,06616,53816,79117,33317,68117,968
Liabilities7,7057,5587,9567,6177,6997,8257,8539,3889,7329,79413,13712,40812,46812,57013,65413,63513,79313,92214,40614,54713,60714,75514,94714,56515,20515,41815,11816,41316,89318,33919,89019,41819,80820,34920,75126,03226,62427,019
Stockholders' Equity2,9362,6872,3812,4632,3692,3132,3862,7372,8642,9402,9392,9502,9112,9836,9276,9186,8616,8456,7166,5377,4047,2407,089
Income Statement ($MM)2009-12-312010-03-312010-09-302011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue4444824995005145195526236216747408547497988769169309689418999189469349629921,0321,0161,0381,0631,2381,2991,3301,3751,4191,4261,4781,514
Cost of Revenue262727262529324750687770829273103103126898987948196109131991051071108699119125138147
Gross Profit4184554724744894915205775716066637836677068038138278418528108318518538678839019179349571,1281,2131,2311,2561,3011,3401,367
R&D
SG&A394145454345515556595857596765697177797377879891909210198101127134138145152155150
Tax-100163-07232711837343732-115-4-4-427454453154125-5-6-4-5
Net Income-1190403151495011743-20175346-24103901081481251,15410414148869812511911211598114180164185210246272
Cash Flow ($MM)2009-12-312010-03-312010-09-302011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating84128156171188162162200248287273279399362401429474461458372503438481387478446488483627452659664512715664
Cash Investing-57-53-75-169-102-285-1,073-161-2,681-129-146-158-5,088-204-194-293-552-223-216-1,249-271-208-669-263-271-1,763-911-297-7,523-384-394-503-489-521-540
Cash Financing-396-106-55-35-801,105-56-182,756-436-160-294,688-174-181-12316-172-1,252724-235-346214-1692049544176,333491-163-273-44-28-173-228