Common stock, shares authorized

  
PART I—FINANCIAL INFORMATIONITEM 1.FINANCIAL STATEMENTSCROWN CASTLE INTERNATIONAL CORP. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)(Amounts in millions, except par values)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | March 31,2022 |  | December 31, 2021 |
| ASSETS |   |  |   |
| Current assets: |  |  |  |
| Cash and cash equivalents | $ | 312  |  |  | $ | 292  |  |
| Restricted cash | 165  |  |  | 169  |  |
| Receivables, net | 503  |  |  | 543  |  |
| Prepaid expenses | 119  |  |  | 105  |  |
| Other current assets | 162  |  |  | 145  |  |
| Total current assets | 1,261  |  |  | 1,254  |  |
| Deferred site rental receivables | 1,682  |  |  | 1,588  |  |
| Property and equipment, net of accumulated depreciation of $12,220 and $11,937, respectively | 15,226  |  |  | 15,269  |  |
| Operating lease right-of-use assets | 6,739  |  |  | 6,682  |  |
| Goodwill | 10,078  |  |  | 10,078  |  |
| Other intangible assets, net | 3,935  |  |  | 4,046  |  |
| Other assets, net | 130  |  |  | 123  |  |
| Total assets | $ | 39,051  |  |  | $ | 39,040  |  |
|  |  |  |  |
| LIABILITIES AND EQUITY |   |  |   |
| Current liabilities: |   |  |   |
| Accounts payable | $ | 224  |  |  | $ | 246  |  |
| Accrued interest | 117  |  |  | 182  |  |
| Deferred revenues | 721  |  |  | 776  |  |
| Other accrued liabilities | 288  |  |  | 401  |  |
| Current maturities of debt and other obligations | 71  |  |  | 72  |  |
| Current portion of operating lease liabilities | 355  |  |  | 349  |  |
| Total current liabilities | 1,776  |  |  | 2,026  |  |
| Debt and other long-term obligations | 21,055  |  |  | 20,557  |  |
| Operating lease liabilities | 6,078  |  |  | 6,031  |  |
| Other long-term liabilities | 2,106  |  |  | 2,168  |  |
| Total liabilities | 31,015  |  |  | 30,782  |  |
| Commitments and contingencies (note 8) |  |  |  |
| Stockholders' equity: |  |  |  |
| Common stock, $0.01 par value; 600 shares authorized; shares issued and outstanding: March 31, 2022—433 and December 31, 2021—432 | 4  |  |  | 4  |  |
| Additional paid-in capital | 18,006  |  |  | 18,011  |  |
| Accumulated other comprehensive income (loss) | (3) |  |  | (4) |  |
| Dividends/distributions in excess of earnings | (9,971) |  |  | (9,753) |  |
| Total equity | 8,036  |  |  | 8,258  |  |
| Total liabilities and equity | $ | 39,051  |  |  | $ | 39,040  |  |

  
See notes to condensed consolidated financial statements.3
