Crown Castle (CCI) FY2024 results: revenue $4.5 billion, down 5.8% on the year
Crown Castle Inc. (CCI) reported revenue of $4.5 billion for fiscal 2024, the year ended 31 December 2024, down 5.8% on the year before. Net income was -$3.9 billion, and diluted earnings per share $-8.98. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2025.
Revenue
$4.5 billion
-5.8% on the year
FY2017FY2024
Operating margin
47.5%
44.3% a year earlier
FY2017FY2024
Net income
-$3.9 billion
FY2017FY2024
Diluted EPS
-$8.98
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,943
3,126
2,878
-5.9%
Capital expenditure
176
243
1,310
-27.6%
Free cash flow
2,767
2,883
1,568
-4.0%
Free cash flow margin
62.0%
60.9%
22.4%
Cash from investing
-1,220
-1,519
-1,352
Cash from financing
-1,708
-1,654
-1,665
Depreciation and amortisation
736
787
1,707
-6.5%
Share-based compensation
84.0
102
156
-17.6%
Buybacks
-33.0
-30.0
-65.0
Dividends paid
-2,729
-2,723
-2,602
Dividend per share
$6.26
$6.26
$5.98
0.0%
Diluted shares, weighted
434m
434m
434m
0.0%
Shares outstanding at period end
435m
434m
433m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-133
6,381
7,449
Debt
24,081
22,921
21,729
+5.1%
Operating lease liabilities
5,062
5,561
5,881
-9.0%
Other liabilities
3,726
3,664
3,862
+1.7%
Total liabilities and equity
32,736
38,527
38,921
-15.0%
Fixed assets
6,577
15,666
15,407
-58.0%
Goodwill
5,127
10,085
10,085
-49.2%
Intangible assets
1,037
3,179
3,596
-67.4%
Cash and equivalents
100
105
156
-4.8%
Receivables
129
481
593
-73.2%
Other assets
19,766
9,011
9,084
+119.4%
Total assets
32,736
38,527
38,921
-15.0%
10-K for the year ended 31 December 2024, filed 14 March 2025: the filing.