Net gain (loss) from disposal of discontinued operations, net of tax

CROWN CASTLE INTERNATIONAL CORP. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENT OF OPERATIONS ANDCOMPREHENSIVE INCOME (LOSS) (Unaudited)(Amounts in millions, except per share amounts)

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended March 31, |  |  |
|  | 2022 |  | 2021 |  |  |  |  |
| Net revenues: |  |  |  |  |  |  |  |
| Site rental | $ | 1,576  |  |  | $ | 1,369  |  |  |  |  |  |
| Services and other | 166  |  |  | 116  |  |  |  |  |  |
| Net revenues | 1,742  |  |  | 1,485  |  |  |  |  |  |
| Operating expenses: |  |  |  |  |  |  |  |
| Costs of operations:(a) |  |  |  |  |  |  |  |
| Site rental | 396  |  |  | 381  |  |  |  |  |  |
| Services and other | 113  |  |  | 81  |  |  |  |  |  |
| Selling, general and administrative | 181  |  |  | 164  |  |  |  |  |  |
| Asset write-down charges | 14  |  |  | 3  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
| Depreciation, amortization and accretion | 420  |  |  | 408  |  |  |  |  |  |
| Total operating expenses | 1,124  |  |  | 1,037  |  |  |  |  |  |
| Operating income (loss) | 618  |  |  | 448  |  |  |  |  |  |
| Interest expense and amortization of deferred financing costs | (164) |  |  | (170) |  |  |  |  |  |
| Gains (losses) on retirement of long-term obligations | (26) |  |  | (143) |  |  |  |  |  |
| Interest income | —  |  |  | 1  |  |  |  |  |  |
| Other income (expense) | (1) |  |  | (8) |  |  |  |  |  |
| Income (loss) before income taxes | 427  |  |  | 128  |  |  |  |  |  |
| Benefit (provision) for income taxes | (6) |  |  | (7) |  |  |  |  |  |
| Income (loss) from continuing operations | 421  |  |  | 121  |  |  |  |  |  |
| Discontinued operations: |  |  |  |  |  |  |  |
| Net gain (loss) from disposal of discontinued operations, net of tax | —  |  |  | (63) |  |  |  |  |  |
| Income (loss) from discontinued operations, net of tax | —  |  |  | (63) |  |  |  |  |  |
| Net income (loss)  | 421  |  |  | 58  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
| Net income (loss) | $ | 421  |  |  | $ | 58  |  |  |  |  |  |
| Other comprehensive income (loss): |  |  |  |  |  |  |  |
| Foreign currency translation adjustments | 1  |  |  | 1  |  |  |  |  |  |
| Total other comprehensive income (loss) | 1  |  |  | 1  |  |  |  |  |  |
| Comprehensive income (loss)  | $ | 422  |  |  | $ | 59  |  |  |  |  |  |
| Net income (loss), per common share: |  |  |  |  |  |  |  |
| Income (loss) from continuing operations, basic | $ | 0.97  |  |  | $ | 0.28  |  |  |  |  |  |
| Income (loss) from discontinued operations, basic | —  |  |  | (0.15) |  |  |  |  |  |
| Net income (loss)—basic | $ | 0.97  |  |  | $ | 0.13  |  |  |  |  |  |
| Income (loss) from continuing operations, diluted | $ | 0.97  |  |  | $ | 0.28  |  |  |  |  |  |
| Income (loss) from discontinued operations, diluted | —  |  |  | (0.15) |  |  |  |  |  |
| Net income (loss)—diluted | $ | 0.97  |  |  | $ | 0.13  |  |  |  |  |  |
| Weighted-average common shares outstanding: |  |  |  |  |  |  |  |
| Basic | 433 |  | 432  |  |  |  |  |  |
| Diluted | 434 |  | 433  |  |  |  |  |  |



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(a)Exclusive of depreciation, amortization and accretion shown separately.  
See notes to condensed consolidated financial statements.4
