2019 Q4 Form 10-K Financial Statement

#000105147021000031 Filed on February 22, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018
Revenue $1.426B $1.406B $5.370B
YoY Change 1.42% 13.57% 26.2%
Cost Of Revenue $484.0M $135.0M $434.0M
YoY Change 258.52% -67.7% 8.77%
Gross Profit $942.0M $1.271B $4.936B
YoY Change -25.89% 76.63% 28.01%
Gross Profit Margin 66.06% 90.4% 91.92%
Selling, General & Admin $157.0M $145.0M $563.0M
YoY Change 8.28% 14.35% 32.16%
% of Gross Profit 16.67% 11.41% 11.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $397.0M $389.0M $1.100B
YoY Change 2.06% 7.76% 20.35%
% of Gross Profit 42.14% 30.61% 22.29%
Operating Expenses $554.0M $145.0M $563.0M
YoY Change 282.07% -70.26% 32.16%
Operating Profit $379.0M $367.0M $1.383B
YoY Change 3.27% 37.45% 43.02%
Interest Expense -$172.0M -$166.0M -$637.0M
YoY Change 3.61% 5.2%
% of Operating Profit -45.38% -45.23% -46.06%
Other Income/Expense, Net $7.000M $1.000M $1.000M
YoY Change 600.0% -16.67% 0.0%
Pretax Income $214.0M $170.0M $618.0M
YoY Change 25.88% 395.63% 66.13%
Income Tax -$6.000M -$5.000M -$19.00M
% Of Pretax Income -2.8% -2.94% -3.07%
Net Earnings $208.0M $185.0M $622.0M
YoY Change 12.43% 88.78% 39.92%
Net Earnings / Revenue 14.59% 13.16% 11.58%
Basic Earnings Per Share $0.43 $0.42 $1.23
Diluted Earnings Per Share $0.43 $0.42 $1.23
COMMON SHARES
Basic Shares Outstanding 415.8M shares 415.0M shares 413.0M shares
Diluted Shares Outstanding 417.0M shares 415.0M shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $196.0M $277.0M $277.0M
YoY Change -29.24% -11.78% -11.78%
Cash & Equivalents $196.0M $277.0M $277.0M
Short-Term Investments
Other Short-Term Assets $168.0M $148.0M $451.0M
YoY Change 13.51% 6.47% 6.87%
Inventory
Prepaid Expenses $107.0M $172.0M
Receivables $596.0M $501.0M $501.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.204B $1.229B $1.229B
YoY Change -2.03% 8.38% 8.38%
LONG-TERM ASSETS
Property, Plant & Equipment $14.67B $13.65B $13.65B
YoY Change 7.42% 5.57% 5.57%
Goodwill $10.08B $10.08B
YoY Change 0.0% 0.57%
Intangibles $4.836B $5.516B
YoY Change -12.33% -7.48%
Long-Term Investments
YoY Change
Other Assets $116.0M $920.0M $920.0M
YoY Change -87.39% 4.66% 4.66%
Total Long-Term Assets $37.25B $31.53B $31.53B
YoY Change 18.14% 1.41% 1.41%
TOTAL ASSETS
Total Short-Term Assets $1.204B $1.229B $1.229B
Total Long-Term Assets $37.25B $31.53B $31.53B
Total Assets $38.46B $32.76B $32.76B
YoY Change 17.38% 1.65% 1.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $334.0M $313.0M $313.0M
YoY Change 6.71% 25.7% 25.7%
Accrued Expenses $829.0M $499.0M $499.0M
YoY Change 66.13% 5.94% 5.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0M $107.0M $107.0M
YoY Change -6.54% -6.96% -6.96%
Total Short-Term Liabilities $1.920B $1.506B $1.506B
YoY Change 27.49% 16.56% 16.56%
LONG-TERM LIABILITIES
Long-Term Debt $18.02B $16.58B $16.58B
YoY Change 8.72% 3.31% 3.31%
Other Long-Term Liabilities $2.516B $3.110B $3.110B
YoY Change -19.1% 21.77% 21.77%
Total Long-Term Liabilities $2.516B $3.110B $19.69B
YoY Change -19.1% 21.77% 5.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.920B $1.506B $1.506B
Total Long-Term Liabilities $2.516B $3.110B $19.69B
Total Liabilities $27.97B $21.19B $21.19B
YoY Change 31.98% 6.54% 6.54%
SHAREHOLDERS EQUITY
Retained Earnings -$7.365B -$6.195B
YoY Change 18.89% 25.94%
Common Stock $4.000M $4.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.49B $11.57B $11.57B
YoY Change
Total Liabilities & Shareholders Equity $38.46B $32.76B $32.76B
YoY Change 17.38% 1.65% 1.65%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018
OPERATING ACTIVITIES
Net Income $208.0M $185.0M $622.0M
YoY Change 12.43% 88.78% 39.92%
Depreciation, Depletion And Amortization $397.0M $389.0M $1.100B
YoY Change 2.06% 7.76% 20.35%
Cash From Operating Activities $808.0M $725.0M $2.500B
YoY Change 11.45% 17.12% 23.03%
INVESTING ACTIVITIES
Capital Expenditures -$520.0M -$498.0M -$1.739B
YoY Change 4.42% 36.44% 42.89%
Acquisitions $42.00M
YoY Change -100.45%
Other Investing Activities -$12.00M -$14.00M -$12.00M
YoY Change -14.29% -99.8% 140.0%
Cash From Investing Activities -$532.0M -$512.0M -$1.793B
YoY Change 3.91% -93.18% -82.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $34.00M
YoY Change -247.83%
Debt Paid & Issued, Net $2.346B
YoY Change
Cash From Financing Activities -263.0M -253.0M -$733.0M
YoY Change 3.95% -151.32% -108.95%
NET CHANGE
Cash From Operating Activities 808.0M 725.0M $2.500B
Cash From Investing Activities -532.0M -512.0M -$1.793B
Cash From Financing Activities -263.0M -253.0M -$733.0M
Net Change In Cash 13.00M -40.00M -$26.00M
YoY Change -132.5% -99.37% -89.92%
FREE CASH FLOW
Cash From Operating Activities $808.0M $725.0M $2.500B
Capital Expenditures -$520.0M -$498.0M -$1.739B
Free Cash Flow $1.328B $1.223B $4.239B
YoY Change 8.59% 24.29% 30.47%

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1.23
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.35
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.79
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
423000000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
416000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
413000000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
425000000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
418000000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
415000000 shares
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1056000000 USD
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
860000000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
622000000 USD
CY2020 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1608000000 USD
CY2019 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1572000000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6000000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1000000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-95000000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2000000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-106000000 USD
CY2018 us-gaap Amortization Of Financing Costs And Discounts
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7000000 USD
CY2020 us-gaap Share Based Compensation
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138000000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
117000000 USD
CY2018 us-gaap Share Based Compensation
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103000000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
74000000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
19000000 USD
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
26000000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2000000 USD
CY2020 us-gaap Other Noncash Income Expense
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5000000 USD
CY2019 us-gaap Other Noncash Income Expense
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-2000000 USD
CY2018 us-gaap Other Noncash Income Expense
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2000000 USD
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
31000000 USD
CY2019 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
21000000 USD
CY2018 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
16000000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-77000000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
19000000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
37000000 USD
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-65000000 USD
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
254000000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
271000000 USD
CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
166000000 USD
CY2019 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-96000000 USD
CY2018 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-105000000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
15000000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-71000000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
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-114000000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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3055000000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2698000000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2500000000 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1624000000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2057000000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1739000000 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
107000000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
17000000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
42000000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-10000000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-7000000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-12000000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-1741000000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2081000000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-1793000000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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3733000000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1894000000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
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2742000000 USD
CY2020 us-gaap Repayments Of Other Debt
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105000000 USD
CY2019 us-gaap Repayments Of Other Debt
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86000000 USD
CY2018 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
105000000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2490000000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
12000000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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2346000000 USD
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2430000000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2110000000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1820000000 USD
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2665000000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2660000000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1725000000 USD
CY2020 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
130000000 USD
CY2019 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
155000000 USD
CY2018 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
0 USD
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
38000000 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
24000000 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
31000000 USD
CY2020 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
CY2019 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
CY2018 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
841000000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
76000000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
44000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
34000000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2105000000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1912000000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1782000000 USD
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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85000000 USD
CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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113000000 USD
CY2018 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
113000000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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-1271000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-692000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-733000000 USD
CY2020 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
43000000 USD
CY2019 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-75000000 USD
CY2018 us-gaap Net Cash Provided By Used In Continuing Operations
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-26000000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-1000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
338000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
413000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
440000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
381000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
338000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
413000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11925000000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
116000000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
34000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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-1000000 USD
CY2018 us-gaap Dividends Common Stock Cash
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1785000000 USD
CY2018 us-gaap Dividends Preferred Stock Cash
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113000000 USD
CY2018 us-gaap Profit Loss
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622000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11571000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11571000000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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132000000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
44000000 USD
CY2019 us-gaap Dividends Common Stock Cash
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1917000000 USD
CY2019 us-gaap Dividends Preferred Stock Cash
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113000000 USD
CY2019 us-gaap Profit Loss
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860000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10489000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10489000000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
154000000 USD
CY2020 cci Revenue Recognition Noncancelable Lease Term
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five to 15 years
CY2020 us-gaap Stock Repurchased And Retired During Period Value
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76000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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1000000 USD
CY2020 us-gaap Dividends Common Stock Cash
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2106000000 USD
CY2020 us-gaap Dividends Preferred Stock Cash
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57000000 USD
CY2020 us-gaap Profit Loss
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1056000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9461000000 USD
CY2020 cci Capitalized Labor Costs
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270000000 USD
CY2019 cci Capitalized Labor Costs
CapitalizedLaborCosts
246000000 USD
CY2018 cci Capitalized Labor Costs
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212000000 USD
CY2020 cci Revenue Recognitionfor Fiber Solutions Tenants
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three to 20 years
CY2020 us-gaap Revenue Performance Obligation Description Of Payment Terms
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45 to 60 days
CY2019Q4 us-gaap Revenue Remaining Performance Obligation
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2900000000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
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2800000000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
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575000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
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2700000000 USD
CY2020 us-gaap Finite Lived Intangible Asset Useful Life
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P20Y
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
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510000000 USD
CY2020 cci Employee Severance Payments
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20000000 USD
CY2018 us-gaap Amortization Of Financing Costs
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21000000 USD
CY2020 us-gaap Interest Costs Capitalized
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17000000 USD
CY2019 us-gaap Interest Costs Capitalized
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20000000 USD
CY2018 us-gaap Interest Costs Capitalized
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15000000 USD
CY2020 us-gaap Interest Expense Other
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0 USD
CY2020 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
683000000 USD
CY2019 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
682000000 USD
CY2018 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
635000000 USD
CY2020 us-gaap Amortization Of Financing Costs
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23000000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
21000000 USD
CY2019 us-gaap Interest Expense Other
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0 USD
CY2018 us-gaap Interest Expense Other
InterestExpenseOther
1000000 USD
CY2020 us-gaap Interest Expense Debt
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689000000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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747000000 USD
CY2019 us-gaap Interest Expense Debt
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683000000 USD
CY2018 us-gaap Interest Expense Debt
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642000000 USD
CY2020 cci Percentage Of Tax Position That Is Likely Of Being Realized Upon Ultimate Settlement
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0.50
CY2020 us-gaap Profit Loss
ProfitLoss
1056000000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
860000000 USD
CY2018 us-gaap Profit Loss
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622000000 USD
CY2020 us-gaap Dividends Preferred Stock
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57000000 USD
CY2019 us-gaap Dividends Preferred Stock
DividendsPreferredStock
113000000 USD
CY2018 us-gaap Dividends Preferred Stock
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113000000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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999000000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
509000000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
423000000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
416000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
413000000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
425000000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
418000000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
415000000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.36
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.80
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.23
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.35
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.79
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.93
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.58
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.28
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
4354000000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
4153000000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
3564000000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
2875000000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
2380000000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
9560000000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
26886000000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable
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26886000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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25965000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
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24334000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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10803000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9668000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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15162000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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14666000000 USD
CY2020 us-gaap Depreciation
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1200000000 USD
CY2019 us-gaap Depreciation
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1100000000 USD
CY2018 us-gaap Depreciation
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1100000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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7940000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3507000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4433000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
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7904000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3068000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4836000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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439000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
428000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
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445000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
444000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
444000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
442000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
393000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
371000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
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2379000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
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2516000000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
18000000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
15000000 USD
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
14000000 USD
CY2020Q4 us-gaap Below Market Lease Amortization Income Year Three
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45000000 USD
CY2020Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
41000000 USD
CY2020Q4 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
33000000 USD
CY2020Q4 cci Estimated Future Undiscounted Cash Flows Expected To Be Paid Relating To Asset Retirement Obligations
EstimatedFutureUndiscountedCashFlowsExpectedToBePaidRelatingToAssetRetirementObligations
1000000000.0 USD
CY2018 cci Amortizationof Above Market Leases
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18000000 USD
CY2020 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
58000000 USD
CY2019 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
65000000 USD
CY2018 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
69000000 USD
CY2020Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
53000000 USD
CY2020Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
48000000 USD
CY2020Q4 cci Accrued Payrolland Other Compensation
AccruedPayrollandOtherCompensation
192000000 USD
CY2019Q4 cci Accrued Payrolland Other Compensation
AccruedPayrollandOtherCompensation
174000000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
19280000000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
18121000000 USD
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CY2020 us-gaap Current Income Tax Expense Benefit
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CY2020Q4 cci Availability Under Atm
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CY2020Q3 us-gaap Dividends Common Stock Cash
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CY2019 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
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338000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
413000000 USD
CY2020Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
3295000000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
25441000000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
10478000000 USD
CY2020Q4 cci Tower Count
TowerCount
40000
CY2020Q4 cci Fiber Miles
FiberMiles
80000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
23854000000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
21840000000 USD
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
68000000 USD
CY2019 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
4000000 USD
CY2020 cci Communications Infrastructure Construction
CommunicationsInfrastructureConstruction
1438000000 USD
CY2019 cci Communications Infrastructure Construction
CommunicationsInfrastructureConstruction
1878000000 USD
CY2020 cci Purchaseoflandinterests
Purchaseoflandinterests
64000000 USD
CY2019 cci Purchaseoflandinterests
Purchaseoflandinterests
53000000 USD
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
66000000 USD
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
84000000 USD
CY2020 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
47000000 USD
CY2019 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
101000000 USD
CY2020 cci Real Estate Period Additionsto Cost
RealEstatePeriodAdditionstoCost
1683000000 USD
CY2019 cci Real Estate Period Additionsto Cost
RealEstatePeriodAdditionstoCost
2120000000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
96000000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
45000000 USD
CY2020 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
0 USD
CY2019 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
61000000 USD
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
96000000 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
106000000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
25441000000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
23854000000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
9382000000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
8338000000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
1114000000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
1087000000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
1114000000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
1087000000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
18000000 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
24000000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
0 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
19000000 USD
CY2020 cci Real Estate Period Deductionsto Accumulated Depreciation
RealEstatePeriodDeductionstoAccumulatedDepreciation
18000000 USD
CY2019 cci Real Estate Period Deductionsto Accumulated Depreciation
RealEstatePeriodDeductionstoAccumulatedDepreciation
43000000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
10478000000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
9382000000 USD

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