Crown Castle (CCI) FY2022 results: revenue $7.0 billion, up 10.2% on the year
Crown Castle Inc. (CCI) reported revenue of $7.0 billion for fiscal 2022, the year ended 31 December 2022, up 10.2% on the year before. Net income was $1.7 billion, up 52.8%, and diluted earnings per share $3.86. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$7.0 billion
+10.2% on the year
FY2015FY2022
Operating margin
34.7%
31.6% a year earlier
FY2015FY2022
Net income
$1.7 billion
+52.8% on the year
FY2015FY2022
Diluted EPS
$3.86
+52.6% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,878
2,789
3,055
+3.2%
Capital expenditure
1,310
1,229
1,624
+6.6%
Free cash flow
1,568
1,560
1,431
+0.5%
Free cash flow margin
22.4%
24.6%
24.5%
Cash from investing
-1,352
-1,332
-1,741
Cash from financing
-1,665
-1,310
-1,271
Depreciation and amortisation
1,707
1,644
1,608
+3.8%
Share-based compensation
156
129
138
+20.9%
Buybacks
-65.0
70.0
76.0
Dividends paid
-2,602
2,373
2,105
Dividend per share
$5.98
$5.46
$4.93
+9.5%
Diluted shares, weighted
434m
434m
425m
0.0%
Shares outstanding at period end
433m
432m
431m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,449
8,258
9,461
-9.8%
Debt
21,729
20,629
19,280
+5.3%
Operating lease liabilities
5,881
6,031
5,808
-2.5%
Other liabilities
3,862
4,122
4,219
-6.3%
Total liabilities and equity
38,921
39,040
38,768
-0.3%
Fixed assets
15,407
15,269
15,162
+0.9%
Goodwill
10,085
10,078
10,078
+0.1%
Intangible assets
3,596
4,046
4,433
-11.1%
Cash and equivalents
156
292
232
-46.6%
Receivables
593
543
431
+9.2%
Other assets
9,084
8,812
8,432
+3.1%
Total assets
38,921
39,040
38,768
-0.3%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.