Crown Castle (CCI) FY2021 results: revenue $6.3 billion, up 8.6% on the year
Crown Castle Inc. (CCI) reported revenue of $6.3 billion for fiscal 2021, the year ended 31 December 2021, up 8.6% on the year before. Net income was $1.1 billion, up 9.7%, and diluted earnings per share $2.53. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$6.3 billion
+8.6% on the year
FY2014FY2021
Operating margin
31.6%
31.9% a year earlier
FY2014FY2021
Net income
$1.1 billion
+9.7% on the year
FY2014FY2021
Diluted EPS
$2.53
+7.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,789
3,055
2,698
-8.7%
Capital expenditure
1,229
1,624
2,057
-24.3%
Free cash flow
1,560
1,431
641
+9.0%
Free cash flow margin
24.6%
24.5%
11.1%
Cash from investing
-1,332
-1,741
-2,081
Cash from financing
-1,310
-1,271
-692
Depreciation and amortisation
1,644
1,608
1,572
+2.2%
Share-based compensation
129
138
117
-6.5%
Buybacks
70.0
76.0
44.0
-7.9%
Dividends paid
2,373
2,105
1,912
+12.7%
Dividend per share
$5.46
$4.93
$4.58
+10.8%
Diluted shares, weighted
434m
425m
418m
+2.1%
Shares outstanding at period end
432m
431m
416m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
8,258
9,461
10,489
-12.7%
Debt
20,629
19,280
18,121
+7.0%
Operating lease liabilities
6,031
5,808
5,511
+3.8%
Other liabilities
4,122
4,219
4,336
-2.3%
Total liabilities and equity
39,040
38,768
38,457
+0.7%
Fixed assets
15,269
15,162
14,666
+0.7%
Goodwill
10,078
10,078
10,078
0.0%
Intangible assets
4,046
4,433
4,836
-8.7%
Cash and equivalents
292
232
196
+25.9%
Receivables
543
431
596
+26.0%
Other assets
8,812
8,432
8,085
+4.5%
Total assets
39,040
38,768
38,457
+0.7%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.