CROWN CASTLE INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
CCI$89.35+1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
(In millions of dollars)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $311 | $418 |
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | ||
| Depreciation, amortization and accretion | 439 | 431 |
| Amortization of deferred financing costs and other non-cash interest | 8 | 7 |
| Stock-based compensation expense, net | 38 | 41 |
| Asset write-down charges | 6 | — |
| Deferred income tax (benefit) provision | 4 | 1 |
| Other non-cash adjustments, net | 4 | 2 |
| Changes in assets and liabilities, excluding the effects of acquisitions: | ||
| Increase (decrease) in accrued interest | (59) | (51) |
| Increase (decrease) in accounts payable | (19) | (5) |
| Increase (decrease) in other liabilities | (160) | (127) |
| Decrease (increase) in receivables | 101 | 28 |
| Decrease (increase) in other assets | (74) | (139) |
| Net cash provided by (used for) operating activities | 599 | 606 |
| Cash flows from investing activities: | ||
| Capital expenditures | (320) | (341) |
| Payments for acquisitions, net of cash acquired | (1) | (67) |
| Other investing activities, net | 1 | 1 |
| Net cash provided by (used for) investing activities | (320) | (407) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | — | 999 |
| Principal payments on debt and other long-term obligations | (14) | (19) |
| Borrowings under revolving credit facility | — | 1,434 |
| Payments under revolving credit facility | (670) | (1,305) |
| Net issuances (repayments) under commercial paper program | 1,138 | (524) |
| Payments for financing costs | — | (10) |
| Purchases of common stock | (27) | (28) |
| Dividends/distributions paid on common stock | (688) | (686) |
| Net cash provided by (used for) financing activities | (261) | (139) |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | 18 | 60 |
| Effect of exchange rate changes | (1) | 1 |
| Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 281 | 327 |
| Cash and cash equivalents and restricted cash and cash equivalents at end of period | $298 | $388 |
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