Interest income

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

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 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
