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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 5.71. 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$40.2B
P/E Ratio37.93
ROE20.53%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$48M$42M$48M$65M$71M$66M
Accrued expenses$167M$141M$154M$156M$168M$127M
Accrued interest$244M$162M$238M$160M$235M$156M
Deferred income$141M$145M$139M$147M$192M$194M
Other accrued liabilities$167M$141M$154M$156M$168M$127M
Current portion of long-term debt$603M$1.5B$2.3B$2.8B$2.8B$3.1B
Deferred revenue$430M$423M$406M$404M$437M—
Liabilities held for sale$710M$689M$706M$732M$762M$756M
Operating lease liabilities, current$264M$268M$267M$268M$268M$258M
Total current liabilities$2.2B$3B$3.8B$4.3B$4.5B$4.7B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$129M$123M$100M$125M$172M$188M
Assets held for sale$429M$442M$420M$419M$434M$567M
Cash and cash equivalents$295M$278M$274M$255M$308M$325M
Other current assets$24M$25M$24M$22M$23M$18M
Prepaid expenses and other current assets$74M$76M$70M$89M$79M$80M
Tenant receivables$164M$185M$205M$226M$167M$179M
Restricted cash$175M$179M$166M$181M$175M$172M
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)-$5M-$5M-$5M-$4M-$5M-$5M
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$4M$4M$4M$4M$4M$4M
Retained earnings-$18.5B-$19.7B-$19.8B-$20B-$20.2B-$20.5B
Share Repurchase Authorization Limit—————$1B
Total liabilities and stockholders' equity$32.7B$31.8B$31.6B$31.5B$31.5B$31.4B
Total stockholders' equity-$133M-$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$17B———$17.1B—
Line of Credit Remaining Borrowing Capacity—————$4.5B
Accrued Payroll and Other Compensation$58M———$72M—
Additional Repayments of Indebtedness—————$2.1B
Aggregate Cash Proceeds—————$8.4B
Availability Under ATM$750M$750M$750M$750M—$750M
Common stock, par value (in dollars per share)$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$435M$435M$435M$435M$435M$436M
Short-term debt and current portion of long-term debt$603M$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—$151M$144M$137M—$123M
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$158M———$130M—
Deferred Tax Liabilities, Gross$49M———$49M—
Deferred Revenues and Other Long-Term Liabilities, DISH————$34M—
Deferred Site Rental Receivables, DISH————$150M—
Deferred Tax Assets, Goodwill and Intangible Assets$29M———$29M—
Deferred Tax Assets, Gross-$3M———-$4M—
Deferred Tax Assets, Net-$6M———-$7M—
Deferred Tax Assets, Net of Valuation Allowance$43M———$42M—
Deferred Tax Assets, Operating Loss Carryforwards$1M———$1M—
Accrued expenses$5M———$5M—
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent$5M———$5M—
Deferred Tax Assets, Valuation Allowance$3M———$3M—
Deferred Tax Liabilities, Property, Plant and Equipment$12M———$11M—
Site rental contracts and tenant relationships, net$30M———$30M—
Fair Value Liabilities Measured On Recurring Basis Obligations$22.4B$22.8B$22.9B$23.2B$23.2B$23.3B
Finance Lease Obligations$8M$7M$7M$6M$5M$4M
Finance Leases, Accumulation Amortization$21M———$15M—
Finance Leases, Gross$26M———$21M—
Finance Leases, Net$5M———$6M—
Finite-Lived Intangible Assets, Accumulated Amortization$3.6B———$3.8B—
2028$371M———$89M—
2030$284M———$84M—
2031$284M———$84M—
2027$375M———$172M—
2029$288M———$85M—
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$22B$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———$772M$773M
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$2B—$3.8B
Master Prepaid Lease and Finance Lease, Gross$4.3B———$4.2B—
Master Prepaid Leases, Accumulated Amortization$3B———$3.2B—
Master Prepaid Leases and Finance Leases, Accumulated Amortization$3B———$3.2B—
Master Prepaid Leases and Finance Leases, Net$1.2B———$1.1B—
Master Prepaid Leases, Gross$4.2B———$4.2B—
Master Prepaid Leases, Net$1.2B———$1B—
Net Assets, DISH————$165M$165M
Preliminary Purchase Price Adjustments, Strategic Fiber Transaction—————$124M
Prepaid expenses$74M$76M$70M$89M$79M$80M
Real Estate Accumulated Depreciation$15B———$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$175M$179M$166M$181M$175M$172M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$430M$423M$406M$404M$437M—
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$14B———$15.1B—
Site rental contracts and tenant relationships, net$1B———$834M$790M
Small cells either currently generating revenue or under contract$105K———$105K—
Share Repurchase Program, Authorized, Amount—————$1B
Tower Count$40K$40K$40K$40K$40K$40K
Remainder of Fiscal Year 2024—$2.3B$2.5B$2B—$3.8B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 2024—$2.3B$2.5B$2B—$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$158M$151M$144M$137M$130M$123M
Deferred tax liabilities$49M———$49M—
Deferred Tax Liabilities - Leasing Arrangements$7M———$8M—
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$22B$21.6B$21.6B$21.5B
Operating lease liabilities, non-current$5.1B$5B$5B$5B$5B$4.9B
Other non-current liabilities$645M$641M$628M$623M$607M$611M
Total Carrying Value of Debt$24.2B$24.5B$24.4B$24.5B$24.5B$24.8B
Total liabilities$32.9B$33B$33B$33B$33.2B$33.3B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$1M$1M——$1M$1M
Deferred Tax Assets and Other Non-Current Assets$6M$57M$63M$63M$5M$60M
Deferred Tax Assets - Reserves and Accruals$5M———$5M—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$284M———$84M—
Finite Lived Intangible Assets - Gross$4.6B———$4.6B—
Goodwill$5.1B$5.1B$5.1B$5.1B$5.1B$5.1B
Intangible assets, net$28M$993M$949M$905M$27M$27M
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$1B———$861M—
Operating lease right-of-use assets$5.6B$5.6B$5.6B$5.5B$5.5B$5.4B
Other non-current assets$58M$57M$63M$63M$61M$60M
Other Intangible Assets Net$28M$993M$949M$905M$27M$27M
Property, plant and equipment at cost$17B———$17.1B—
Operating lease right-of-use assets$7M$5.6B$5.6B$5.5B$5.5B$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$58M$57M$63M$63M$61M$60M
Accumulated depreciation-$10.4B$10.5B$10.6B$10.7B$10.8B$11B
Property and equipment, net$6.6B$6.5B$6.4B$6.3B$6.3B$6.2B
Software and Technology Licenses, Net$58M$57M$63M$63M$61M$60M
Tax Credit Carryforward Valuation Allowance$3M———$3M—
Total assets$32.7B$31.8B$31.6B$31.5B$31.5B$31.4B