CROWN CASTLE INC.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $528 | $150 |
| (Income) loss from discontinued operations before (gain) loss from disposal, net of tax | (350) | (637) |
| (Gain) loss from disposal of discontinued operations | 625 | 1,313 |
| Income (loss) from continuing operations | 803 | 826 |
| Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used for) operating activities: | ||
| Depreciation, amortization and accretion | 523 | 520 |
| (Gains) losses on retirement of long-term obligations | (24) | — |
| Amortization of deferred financing costs and other non-cash interest | 20 | 24 |
| Stock-based compensation expense, net | 65 | 55 |
| Asset write-down charges | 6 | 7 |
| Deferred income tax (benefit) provision | 5 | 1 |
| Other non-cash adjustments, net | — | (4) |
| Net cash provided by (used for) operating activities from discontinued operations | 108 | 897 |
| Changes in assets and liabilities, excluding the effects of acquisitions: | ||
| Increase (decrease) in accrued interest | (97) | (84) |
| Increase (decrease) in accounts payable | — | 15 |
| Increase (decrease) in other liabilities | (83) | (42) |
| Decrease (increase) in receivables | 16 | 5 |
| Decrease (increase) in other assets | (246) | (33) |
| Net cash provided by (used for) operating activities | 1,096 | 2,187 |
| Cash flows from investing activities: | ||
| Capital expenditures | (182) | (123) |
| Other investing activities, net | — | 5 |
| Net cash provided by (used for) investing activities from discontinued operations(a) | 8,089 | (687) |
| Net cash provided by (used for) investing activities | 7,907 | (805) |
| Cash flows from financing activities: | ||
| Principal payments on debt and other long-term obligations | (56) | (89) |
| Purchases and redemptions of long-term debt | (4,191) | (1,200) |
| Borrowings under revolving credit facility | 1,800 | 900 |
| Payments under revolving credit facility | (2,295) | — |
| Net issuances (repayments) under commercial paper program | (1,831) | 605 |
| Payments for financing costs | (6) | — |
| Purchases of common stock | (1,043) | (23) |
| Dividends/distributions paid on common stock | (1,384) | (1,615) |
| Net cash provided by (used for) financing activities | (9,006) | (1,422) |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | (3) | (40) |
| Effect of exchange rate changes | — | — |
| Cash and cash equivalents and restricted cash and cash equivalents at beginning of period(b) | 308 | 295 |
| Cash and cash equivalents and restricted cash and cash equivalents at end of period(c) | $305 | $255 |
(a)Represents $8.4 billion of net cash proceeds from the sale of the Fiber Business, which was completed on May 1, 2026, partially offset by capital expenditures from discontinued operations. See note 3.
(b)Inclusive of cash and cash equivalents and restricted cash and cash equivalents included in discontinued operations. See note 12.
(c)Inclusive of cash and cash equivalents and restricted cash and cash equivalents included in discontinued operations for the period ended September 30, 2025.
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