2023 Q4 Form 10-Q Financial Statement

#000105147023000162 Filed on November 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.674B $1.667B
YoY Change -5.1% -4.52%
Cost Of Revenue $455.0M $66.00M
YoY Change -12.84% -87.4%
Gross Profit $1.219B $1.601B
YoY Change -1.85% 31.01%
Gross Profit Margin 72.82% 96.04%
Selling, General & Admin $178.0M $176.0M
YoY Change -7.29% -5.88%
% of Gross Profit 14.6% 10.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $439.0M $439.0M
YoY Change 1.86% 2.33%
% of Gross Profit 36.01% 27.42%
Operating Expenses $617.0M $176.0M
YoY Change -0.96% -71.47%
Operating Profit $602.0M $486.0M
YoY Change -2.75% -19.67%
Interest Expense -$218.0M -$214.0M
YoY Change 14.74% 21.59%
% of Operating Profit -36.21% -44.03%
Other Income/Expense, Net -$2.000M $0.00
YoY Change -60.0% -100.0%
Pretax Income $366.0M $272.0M
YoY Change -11.81% -35.55%
Income Tax $5.000M $7.000M
% Of Pretax Income 1.37% 2.57%
Net Earnings $361.0M $265.0M
YoY Change -12.59% -36.75%
Net Earnings / Revenue 21.57% 15.9%
Basic Earnings Per Share $0.61
Diluted Earnings Per Share $0.83 $0.61
COMMON SHARES
Basic Shares Outstanding 433.7M shares 433.7M shares
Diluted Shares Outstanding 434.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $105.0M $117.0M
YoY Change -32.69% -32.76%
Cash & Equivalents $105.0M $117.0M
Short-Term Investments
Other Short-Term Assets $330.0M $72.00M
YoY Change -3.23% -84.78%
Inventory
Prepaid Expenses $103.0M $143.0M
Receivables $481.0M $512.0M
Other Receivables $116.0M $115.0M
Total Short-Term Assets $1.032B $1.126B
YoY Change -15.2% -4.74%
LONG-TERM ASSETS
Property, Plant & Equipment $21.85B $15.57B
YoY Change -0.36% -28.82%
Goodwill $10.09B $10.09B
YoY Change 0.0% -0.02%
Intangibles $3.276B
YoY Change -11.44%
Long-Term Investments
YoY Change
Other Assets $139.0M $141.0M
YoY Change 2.21% 4.44%
Total Long-Term Assets $37.50B $37.57B
YoY Change -0.55% -0.28%
TOTAL ASSETS
Total Short-Term Assets $1.032B $1.126B
Total Long-Term Assets $37.50B $37.57B
Total Assets $38.53B $38.70B
YoY Change -1.01% -0.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $252.0M $215.0M
YoY Change 6.78% -6.11%
Accrued Expenses $893.0M $857.0M
YoY Change -5.0% 0.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $835.0M $827.0M
YoY Change 1.95% 0.98%
Total Short-Term Liabilities $2.585B $2.549B
YoY Change -5.35% -1.35%
LONG-TERM LIABILITIES
Long-Term Debt $22.09B $21.90B
YoY Change 5.62% 6.0%
Other Long-Term Liabilities $7.475B $1.918B
YoY Change -4.55% -75.83%
Total Long-Term Liabilities $29.56B $1.918B
YoY Change 2.85% -93.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.585B $2.549B
Total Long-Term Liabilities $29.56B $1.918B
Total Liabilities $32.15B $32.03B
YoY Change 2.14% 2.72%
SHAREHOLDERS EQUITY
Retained Earnings -$11.89B -$11.57B
YoY Change 11.47% 11.21%
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 $6.381B $6.669B
YoY Change
Total Liabilities & Shareholders Equity $38.53B $38.70B
YoY Change -1.01% -0.42%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $361.0M $265.0M
YoY Change -12.59% -36.75%
Depreciation, Depletion And Amortization $439.0M $439.0M
YoY Change 1.86% 2.33%
Cash From Operating Activities $867.0M $533.0M
YoY Change 3.21% -23.97%
INVESTING ACTIVITIES
Capital Expenditures $357.0M $347.0M
YoY Change -191.77% -202.97%
Acquisitions
YoY Change
Other Investing Activities -$7.000M -$2.000M
YoY Change -58.82%
Cash From Investing Activities -$364.0M -$349.0M
YoY Change -10.34% 3.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -513.0M -383.0M
YoY Change 12.5% -16.92%
NET CHANGE
Cash From Operating Activities 867.0M 533.0M
Cash From Investing Activities -364.0M -349.0M
Cash From Financing Activities -513.0M -383.0M
Net Change In Cash -10.00M -199.0M
YoY Change -54.55% 105.15%
FREE CASH FLOW
Cash From Operating Activities $867.0M $533.0M
Capital Expenditures $357.0M $347.0M
Free Cash Flow $510.0M $186.0M
YoY Change -58.5% -82.08%

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CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
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us-gaap Interest Expense Debt
InterestExpenseDebt
627000000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
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us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
434000000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
433000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
434000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
433000000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117000000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
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CY2023Q3 us-gaap Restricted Cash
RestrictedCash
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CY2023Q3 cci Restricted Cash Fair Value Disclosure
RestrictedCashFairValueDisclosure
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CY2022Q4 us-gaap Restricted Cash
RestrictedCash
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CY2022Q4 cci Restricted Cash Fair Value Disclosure
RestrictedCashFairValueDisclosure
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CY2023Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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CY2023Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
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CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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CY2022Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
19554000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
265000000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
419000000 usd
us-gaap Net Income Loss
NetIncomeLoss
1139000000 usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
434000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
434000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
434000000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.91
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.91
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.470
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.695
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.410
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
2000000 shares
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.565
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
681000000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.565
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
681000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
200000 shares
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
29000000 usd
CY2023Q3 cci Availability Under Atm
AvailabilityUnderATM
750000000 usd
CY2023Q3 cci Tower Count
TowerCount
40000
CY2023Q3 cci Small Cells On Air Or Under Contract
SmallCellsOnAirOrUnderContract
115000
CY2023Q3 cci Fiber Miles
FiberMiles
85000
CY2022Q3 cci Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
4000000 usd
CY2023Q3 cci Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
4000000 usd
cci Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
12000000 usd
cci Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
12000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
429000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
420000000 usd
us-gaap Interest Paid Net
InterestPaidNet
654000000 usd
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
162000000 usd
cci Increase Decreaseinaccountspayableforpurchasesofpropertyandequipment
IncreaseDecreaseinaccountspayableforpurchasesofpropertyandequipment
5000000 usd
cci Increase Decreaseinaccountspayableforpurchasesofpropertyandequipment
IncreaseDecreaseinaccountspayableforpurchasesofpropertyandequipment
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cci Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
45000000 usd
cci Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
17000000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
156000000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
167000000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
166000000 usd
CY2023Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5000000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5000000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
289000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
327000000 usd
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
cci-20230930_lab.xml Edgar Link unprocessable
0001051470-23-000162-index-headers.html Edgar Link pending
0001051470-23-000162-index.html Edgar Link pending
0001051470-23-000162.txt Edgar Link pending
0001051470-23-000162-xbrl.zip Edgar Link pending
cci-20230930.htm Edgar Link pending
cci-20230930.xsd Edgar Link pending
cci-20230930_g1.jpg Edgar Link pending
cci-20230930_g2.jpg Edgar Link pending
cci-20230930_g3.jpg Edgar Link pending
exhibit101separationandrel.htm Edgar Link pending
exhibit311093023.htm Edgar Link pending
exhibit312093023.htm Edgar Link pending
exhibit321093023.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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cci-20230930_def.xml Edgar Link unprocessable
cci-20230930_cal.xml Edgar Link unprocessable
cci-20230930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
cci-20230930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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