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Crown Castle Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Crown Castle holds $31.4B in total assets. Shareholders' equity is -$1.9B against $33.0B in total debt. Cash and equivalents total $325.0M. The current ratio is 0.267 and debt-to-equity is -17.20. Based on the Q1 2026 filing.

Total Assets$31.4BTotal Stockholders Equity-$1.9BLong Term Debt$24.7BCash And Equivalents$325.0MTotal Current Assets$1.3BTotal Current Liabilities$4.7B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$38.1B
P/E Ratio35.98
ROE-66.75%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$48.0M$42.0M$48.0M$65.0M$71.0M$66.0M
Accrued expenses$5.0M———$5.0M—
Accrued interest$244.0M$162.0M$238.0M$160.0M$235.0M$156.0M
Deferred income$141.0M$145.0M$139.0M$147.0M$192.0M$194.0M
Other accrued liabilities$167.0M$141.0M$154.0M$156.0M$168.0M$127.0M
Current portion of long-term debt$610.0M$1.5B$2.3B$2.8B$2.8B$3.1B
Deferred revenue$2.0B$423.0M$406.0M$404.0M$437.0M—
Liabilities held for sale$710.0M$689.0M$706.0M$732.0M$762.0M$756.0M
Note payable to DIRECTV$359.0M$141.0M$154.0M$156.0M$168.0M$127.0M
Operating lease liabilities, current$264.0M$268.0M$267.0M$268.0M$268.0M$258.0M
Total current liabilities$2.2B$3.0B$3.8B$4.3B$4.5B$4.7B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$129.0M$123.0M$100.0M$125.0M$172.0M$188.0M
Assets held for sale$429.0M$442.0M$420.0M$419.0M$434.0M$567.0M
Cash and cash equivalents$295.0M$278.0M$274.0M$255.0M$308.0M$325.0M
Other current assets$24.0M$25.0M$24.0M$22.0M$23.0M$18.0M
Prepaid expenses and other current assets$106.0M$76.0M$70.0M$89.0M$79.0M$80.0M
Tenant receivables$164.0M$185.0M$205.0M$226.0M$167.0M$179.0M
Restricted cash$175.0M$179.0M$166.0M$181.0M$175.0M$172.0M
Total current assets$1.1B$1.1B$1.1B$1.1B$1.1B$1.3B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$18.4B$18.4B$18.5B$18.5B$18.5B$18.6B
Accumulated other comprehensive income (loss)-$5.0M-$5.0M-$5.0M-$4.0M-$5.0M-$5.0M
Common stock1.2B1.2B1.2B1.2B1.2B1.2B
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$4.0M$4.0M$4.0M$4.0M$4.0M$4.0M
Retained earnings-$18.5B-$19.7B-$19.8B-$20.0B-$20.2B-$20.5B
Share Repurchase Authorization Limit—————$1.0B
Total liabilities and stockholders' equity$32.7B$31.8B$31.6B$31.5B$31.5B$31.4B
Total stockholders' equity-$133.0M-$1.3B-$1.4B-$1.5B-$1.6B-$1.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consideration for Disposal of Business—$8.5B$8.5B$8.5B$8.5B$8.5B
Cumulative Cost Basis$17.0B———$17.1B—
Line of Credit Remaining Borrowing Capacity—————$4.5B
Accrued Payroll and Other Compensation$148.0M———$72.0M—
Additional Repayments of Indebtedness—————$2.1B
Aggregate Cash Proceeds—————$8.4B
Availability Under ATM$750.0M$750.0M$750.0M$750.0M—$750.0M
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Common Stock, Shares, Outstanding$435.0M$435.0M$435.0M$435.0M$435.0M$436.0M
Short-term debt and current portion of long-term debt$603.0M$1.5B$2.3B$2.8B$2.8B$3.1B
Long-term debt, gross$24.2B$24.5B$24.4B$24.5B$24.5B$24.8B
Less: net unamortized discount—$151.0M$144.0M$137.0M—$123.0M
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$158.0M———$130.0M—
Deferred Tax Liabilities, Gross$49.0M———$49.0M—
Deferred Revenues and Other Long-Term Liabilities, DISH————$34.0M—
Deferred Site Rental Receivables, DISH————$150.0M—
Deferred Tax Assets, Goodwill and Intangible Assets$29.0M———$29.0M—
Deferred Tax Assets, Gross-$3.0M———-$4.0M—
Deferred Tax Assets, Net-$6.0M———-$7.0M—
Deferred Tax Assets, Net of Valuation Allowance$43.0M———$42.0M—
Deferred Tax Assets, Operating Loss Carryforwards$1.0M———$1.0M—
Accrued expenses$5.0M———$5.0M—
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent$5.0M———$5.0M—
Deferred Tax Assets, Valuation Allowance$3.0M———$3.0M—
Deferred Tax Liabilities, Property, Plant and Equipment$12.0M———$11.0M—
Site rental contracts and tenant relationships, net$29.0M———$30.0M—
Contingent receipts—$8.5B$8.5B$8.5B$8.5B$8.5B
Fair Value Liabilities Measured On Recurring Basis Obligations$22.4B$22.8B$22.9B$23.2B$23.2B$23.3B
Finance Lease Obligations$35.0M$7.0M$7.0M$6.0M$5.0M$4.0M
Finance Leases, Accumulation Amortization$48.0M———$15.0M—
Finance Leases, Gross$86.0M———$21.0M—
Finance Leases, Net$38.0M———$6.0M—
Finite-Lived Intangible Assets, Accumulated Amortization$3.6B———$3.8B—
2028$371.0M———$89.0M—
2030$284.0M———$84.0M—
2031$284.0M———$84.0M—
2027$375.0M———$172.0M—
2029$288.0M———$85.0M—
Gross Carrying Amount$4.6B———$4.6B—
Lessor Operating Lease Payments To Be Received, DISH————$3.5B$3.5B
Liabilities of discontinued operations (Note 2)$1.5B$1.5B$1.5B$1.5B$1.6B$1.5B
Long-Term Debt and Lease Obligation$23.5B$22.9B$22.0B$21.6B$21.6B$21.5B
2028$2.8B$3.3B$3.7B$4.2B$4.2B$5.5B
2029$3.3B$2.6B$2.6B$2.6B$2.6B$2.6B
2029$2.5B———$772.0M$773.0M
2030$2.6B$2.5B$2.5B$2.5B$2.5B$2.5B
Thereafter$11.1B$11.1B$10.4B$10.4B$9.7B$9.7B
Remainder of 2026—$2.3B$2.5B$2.0B—$3.8B
Master Prepaid Lease and Finance Lease, Gross$4.3B———$4.2B—
Master Prepaid Leases, Accumulated Amortization$3.0B———$3.2B—
Master Prepaid Leases and Finance Leases, Accumulated Amortization$3.1B———$3.2B—
Master Prepaid Leases and Finance Leases, Net$1.3B———$1.1B—
Master Prepaid Leases, Gross$4.2B———$4.2B—
Master Prepaid Leases, Net$1.2B———$1.0B—
Net Assets, DISH————$165.0M$165.0M
Preliminary Purchase Price Adjustments, Strategic Fiber Transaction—————$124.0M
Prepaid expenses$74.0M$76.0M$70.0M$89.0M$79.0M$80.0M
Real Estate Accumulated Depreciation$15.0B———$15.6B—
Real Estate And Accumulated Depreciation Amount Of Encumbrances$1.8B———$1.1B—
Real Estate Gross At Carrying Value$30.5B———$31.6B—
Restricted Cash and Cash Equivalents Fair Value Disclosure$176.0M$179.0M$166.0M$181.0M$175.0M$172.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$430.0M$423.0M$406.0M$404.0M$437.0M—
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Discontinued Operations-$5.1B———-$5.2B—
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross, Discontinued Operations$14.0B———$15.1B—
Site rental contracts and tenant relationships, net$2.7B———$834.0M$790.0M
Small cells either currently generating revenue or under contract10500000.0%———10500000.0%—
Share Repurchase Program, Authorized, Amount—————$1.0B
Tower Count4000000.0%4000000.0%4000000.0%4000000.0%4000000.0%4000000.0%
Remainder of Fiscal Year 2024—$2.3B$2.5B$2.0B—$3.8B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 2024—$2.3B$2.5B$2.0B—$3.8B
Debt Maturity - 2027$3.3B$2.6B$2.6B$2.6B$2.6B$2.6B
Debt Maturity - Thereafter$11.1B$11.1B$10.4B$10.4B$9.7B$9.7B
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$158.0M$151.0M$144.0M$137.0M$130.0M$123.0M
Deferred tax liabilities$47.0M———$49.0M—
Deferred Tax Liabilities - Leasing Arrangements$7.0M———$8.0M—
Long-term debt$24.1B$24.4B$24.3B$24.3B$24.3B$24.7B
Long-Term Debt and Finance Lease Obligations$23.5B$22.9B$22.0B$21.6B$21.6B$21.5B
Operating lease liabilities, non-current$5.1B$5.0B$5.0B$5.0B$5.0B$4.9B
Other non-current liabilities$645.0M$641.0M$628.0M$623.0M$607.0M$611.0M
Total Carrying Value of Debt$24.2B$24.5B$24.4B$24.5B$24.5B$24.8B
Total liabilities$32.9B$33.0B$33.0B$33.0B$33.2B$33.3B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$1.0M$1.0M$0.0$0.0$1.0M$1.0M
Deferred Tax Assets and Other Non-Current Assets$6.0M$57.0M$63.0M$63.0M$5.0M$60.0M
Deferred Tax Assets - Reserves and Accruals$5.0M———$5.0M—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$284.0M———$84.0M—
Finite Lived Intangible Assets - Gross$8.0B———$4.6B—
Goodwill$5.1B$5.1B$5.1B$5.1B$5.1B$5.1B
Intangible assets, net$54.0M$993.0M$949.0M$905.0M$27.0M$27.0M
Net Investment in Lease$35.9B$5.6B$5.6B$5.5B$5.5B$5.4B
DEFERRED RENT ASSET$2.3B$2.3B$2.3B$2.2B$2.3B$2.3B
Intangible assets — net$1.0B———$861.0M—
Operating lease right-of-use assets$5.6B$5.6B$5.6B$5.5B$5.5B$5.4B
Other non-current assets$58.0M$57.0M$63.0M$63.0M$61.0M$60.0M
Other Intangible Assets Net$28.0M$993.0M$949.0M$905.0M$27.0M$27.0M
Property, plant and equipment at cost$17.0B———$17.1B—
Operating lease right-of-use assets$7.0M$5.6B$5.6B$5.5B$8.0M$5.4B
Operating Lease Right-of-Use Assets in Other Assets$5.6B$5.6B$5.6B$5.5B$5.5B$5.4B
Other non-current assets$35.9B$57.0M$63.0M$63.0M$61.0M$60.0M
Accumulated depreciation-$10.4B$10.5B$10.6B$10.7B$10.8B$11.0B
Property and equipment, net$6.6B$6.5B$6.4B$6.3B$6.3B$6.2B
Software and Technology Licenses, Net$58.0M$57.0M$63.0M$63.0M$61.0M$60.0M
Tax Credit Carryforward Valuation Allowance$3.0M———$3.0M—
Total assets$32.7B$31.8B$31.6B$31.5B$31.5B$31.4B