CROWN CASTLE INC.

For the period ended Dec 31, 2024. Filed Mar 14, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 14, 2025

CCI$87.83-0.9%Stored close · as of Nov 9, 2026

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Contents

Item 16. Form 10-K Summary

N/A

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

Additions · Deductions
Balance at Beginning of Year · Charged to Operations · Written Off · Balance atEnd of Year
Allowance for Credit Losses:
2024	$19	$9	$(6)	$22
2023	$19	$11	$(11)	$19
2022	$17	$8	$(6)	$19

Additions · Deductions
Balance at Beginning of Year · Charged to Operations · Credited to Operations · Balance atEnd of Year
Deferred Tax Valuation Allowance:
2024	$2	$1	$—	$3
2023	$2	$—	$—	$2
2022	$—	$2	$—	$2

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION

YEARS ENDED DECEMBER 31, 2024, 2023 and 2022

Description · Encumbrances · Initial Cost to Company · Cost Capitalized Subsequent to Acquisition · Gross Amount Carried at Close of Current Period · Accumulated Depreciation at Close of Current Period · Date of Construction · Date Acquired · Life on Which Depreciation in Latest Income Statement is Computed
Communications infrastructure(a)	$1,782(b)(c)(c)	$30,474	$(15,049)	Various	Various	Up to 20 years

(a)Includes (1) more than 40,000 towers, (2) approximately 105,000 small cell nodes either currently generating revenue or under contract and (3) approximately 90,000 route miles of fiber. No single asset exceeds 5% of the aggregate gross amounts at which the assets were carried at the close of the period set forth in the table above.

(b)Encumbrances are reported at face value, without contemplating the effect of deferred financing costs, discounts or premiums. Certain of the Company's debt is secured by (1) a security interest in substantially all of the applicable issuers' assignable personal property, (2) a pledge of the equity interests in each applicable issuer and (3) a security interest in the applicable issuers' leases with tenants to lease tower space (space licenses).

(c)The Company has omitted this information, as it would be impracticable to compile such information on an asset-by-asset basis.

	2024	2023	2022
Gross amount at beginning	$29,383	$27,936	$26,679
Additions during period:
Acquisitions through foreclosure	—	—	—
Other acquisitions(a)	10	50	32
Communications infrastructure construction and improvements	1,063	1,254	1,138
Purchase of land interests	58	64	53
Sustaining capital expenditures	59	52	52
Other(b)	78	105	127
Total additions	1,268	1,525	1,402
Deductions during period:
Cost of real estate sold or disposed	(177)	(78)	(145)
Other	—	—	—
Total deductions	(177)	(78)	(145)
Balance at end	$30,474	$29,383	$27,936

(a)Includes acquisitions of communications infrastructure.

(b)Predominately relates to (1) the purchase of property and equipment under finance leases and installment land purchases, (2) asset retirement obligations and (3) capitalized stock-based compensation.

	2024	2023	2022
Gross amount of accumulated depreciation at beginning	$(13,817)	$(12,649)	$(11,582)
Additions during period:
Depreciation	(1,257)	(1,222)	(1,181)
Total additions	(1,257)	(1,222)	(1,181)
Deductions during period:
Amount for assets sold or disposed	22	38	105
Other	3	16	9
Total deductions	25	54	114
Balance at end	$(15,049)	$(13,817)	$(12,649)

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