Crown Castle owns, operates and leases shared wireless infrastructure that is geographically dispersed throughout the United States and Puerto Rico, including towers and other structures, such as rooftops, and fiber primarily supporting small cell networks. The Company's core business is providing access, including space or capacity, to a shared wireless infrastructure via long-term contracts in various forms, including license, sublease and lease agreements.

Type
Public
HQ
Houston, US
Founded
1994
Size (employees)
2,700 (est)
Crown Castle was founded in 1994 and is headquartered in Houston, US
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Key People/Management at Crown Castle

Jay Brown

Jay Brown

President and Chief Executive Officer
Laura Nichol

Laura Nichol

Senior Vice President, Business Support
James Young

James Young

Senior Vice President and Chief Operating Officer, Fiber
Robert Ackerman

Robert Ackerman

Senior Vice President and Chief Operating Officer, Towers and Small Cells
Daniel Schlanger

Daniel Schlanger

Senior Vice President and Chief Financial Officer
Kenneth Simon

Kenneth Simon

Senior Vice President and General Counsel
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Crown Castle Office Locations

Crown Castle has offices in Memphis, Virginia Beach, Ogden, Salt Lake City and in 73 other locations
Houston, US (HQ)
600 1220 Augusta Dr
Canonsburg, US
2000 Corporate Dr
Memphis, US
6380 E Holmes Rd
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Crown Castle Financials and Metrics

Crown Castle Financials

Crown Castle's revenue was reported to be $3.92 b in FY, 2016 which is a 7% increase from the previous period.
USD

Revenue (Q2, 2017)

1 b

Net income (Q2, 2017)

112.1 m

EBIT (Q2, 2017)

258.5 m

Market capitalization (18-Apr-2018)

40.8 b

Cash (30-Jun-2017)

199.7 m

EV

54.5 b
Crown Castle's current market capitalization is $40.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3 b3.7 b3.7 b3.9 b

Revenue growth, %

22%(1%)7%

EBIT

921.8 m993.6 m946.2 m949.2 m

EBIT margin, %

30%27%26%24%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

749 m876 m916.3 m930 m900.5 m899.4 m918.1 m934.4 m962.4 m992 m1 b1 b

General and administrative expense

58.5 m64.8 m69.2 m71.4 m79.5 m73.1 m76.7 m97.6 m91.4 m89.9 m100.7 m97.7 m

Operating expense total

526.1 m624.4 m686.2 m679.7 m678 m658.7 m687.3 m722.6 m731.2 m747.8 m759.4 m779.8 m

EBIT

222.8 m251.6 m230.2 m250.3 m244.9 m240.7 m230.8 m211.7 m231.2 m244.3 m256.5 m258.5 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

223.4 m175.6 m178.8 m567.6 m

Accounts Receivable

249.9 m329.2 m313.3 m373.5 m

Prepaid Expenses

132 m155.1 m133.2 m128.7 m

Current Assets

892.7 m931.5 m981.2 m1.3 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

218.6 m200.5 m227.5 m238.6 m240.2 m338.6 m184.1 m175.7 m202.3 m156.2 m205.2 m199.7 m

Accounts Receivable

292.6 m253.3 m324.6 m254.7 m229 m276.3 m302.7 m306 m

Prepaid Expenses

144.3 m138.4 m143.7 m141.5 m138 m157.1 m153.3 m176 m

Current Assets

999.8 m852.3 m947.7 m978.8 m927.5 m1.1 b1 b820.9 m817.6 m839.7 m916.4 m951.3 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

93.9 m398.8 m525.3 m357 m

Depreciation and Amortization

774.2 m1 b1 b1.1 b

Accounts Payable

28.7 m10.3 m(5.3 m)10.6 m

Cash From Operating Activities

1.2 b1.7 b1.8 b1.8 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

46.5 m102.8 m35.4 m108 m111.7 m278.3 m382.6 m47.8 m133.9 m232.3 m119.1 m231.3 m

Depreciation and Amortization

195.4 m250.2 m254.2 m254.9 m251.8 m505 m766.6 m277.9 m553.9 m834.7 m288.5 m584.2 m

Accounts Payable

(6.9 m)1.5 m(8.3 m)(9.4 m)(6.7 m)(12.5 m)(29.8 m)(16.9 m)

Cash From Operating Activities

453.1 m918.9 m1.3 b437.7 m918.2 m1.3 b446.1 m934.1 m
USDY, 2017

EV/EBIT

210.8 x

EV/CFO

58.3 x

EV/FCF

147 x

Debt/Equity

1.8 x

Debt/Assets

0.6 x

Financial Leverage

3.2 x
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Crown Castle Operating Metrics

FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Fiber Miles

16 k16.50 k17 k17 k26.50 k27.50 k29 k

Towers

41.80 k40 k40 k40 k40 k40 k40 k40 k
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Crown Castle Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
CCS & E LLC
CC Towers Holding LLC
CCATT LLC
CCGS Holdings Corp.
Crown Castle GT Company LLC
Fibernet Direct Holdings LLC
Global Signal Operating Partnership L.P.
InfraSource FI LLC
Pinnacle Towers Acquisition Holdings LLC
WCP Wireless Site RE Holdco LLC
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Crown Castle News and Updates

BRIEF-AT&T And Crown Castle Expand Strategic Relationship

* IN ADDITION TO MACRO SITES, NEW DEAL COVERS SMALL CELL DEPLOYMENTS Source text for Eikon: Further company coverage:
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