2024 Q3 Form 10-Q Financial Statement

#000105147024000186 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.652B $1.626B
YoY Change -0.9% -12.91%
Cost Of Revenue $460.0M $459.0M
YoY Change 596.97% -12.07%
Gross Profit $1.192B $1.167B
YoY Change -25.55% -13.23%
Gross Profit Margin 72.15% 71.77%
Selling, General & Admin $153.0M $204.0M
YoY Change -13.07% -2.86%
% of Gross Profit 12.84% 17.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $432.0M $430.0M
YoY Change -1.59% -3.37%
% of Gross Profit 36.24% 36.85%
Operating Expenses $585.0M $634.0M
YoY Change 232.39% -3.21%
Operating Profit $607.0M $533.0M
YoY Change 24.9% -22.75%
Interest Expense -$230.0M -$226.0M
YoY Change 7.48% 11.33%
% of Operating Profit -37.89% -42.4%
Other Income/Expense, Net -$6.000M -$1.000M
YoY Change -50.0%
Pretax Income $308.0M $258.0M
YoY Change 13.24% -44.16%
Income Tax $5.000M $7.000M
% Of Pretax Income 1.62% 2.71%
Net Earnings $303.0M $251.0M
YoY Change 14.34% -44.84%
Net Earnings / Revenue 18.34% 15.44%
Basic Earnings Per Share $0.70 $0.58
Diluted Earnings Per Share $0.70 $0.58
COMMON SHARES
Basic Shares Outstanding 434.6M shares 434.5M shares
Diluted Shares Outstanding 436.0M shares 435.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $194.0M $155.0M
YoY Change 65.81% -43.84%
Cash & Equivalents $194.0M $155.0M
Short-Term Investments
Other Short-Term Assets $359.0M $377.0M
YoY Change 398.61% -18.04%
Inventory
Prepaid Expenses $144.0M $155.0M
Receivables $413.0M $420.0M
Other Receivables $158.0M $129.0M
Total Short-Term Assets $1.124B $1.081B
YoY Change -0.18% -19.87%
LONG-TERM ASSETS
Property, Plant & Equipment $21.49B $21.63B
YoY Change 37.97% -1.49%
Goodwill $10.09B $10.09B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $130.0M $137.0M
YoY Change -7.8% 0.74%
Total Long-Term Assets $36.92B $37.17B
YoY Change -1.74% -1.4%
TOTAL ASSETS
Total Short-Term Assets $1.124B $1.081B
Total Long-Term Assets $36.92B $37.17B
Total Assets $38.04B $38.25B
YoY Change -1.7% -2.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0M $225.0M
YoY Change -6.98% -6.25%
Accrued Expenses $803.0M $895.0M
YoY Change -6.3% 2.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $611.0M $865.0M
YoY Change -26.12% 5.62%
Total Short-Term Liabilities $2.097B $2.494B
YoY Change -17.73% -8.48%
LONG-TERM LIABILITIES
Long-Term Debt $23.45B $22.85B
YoY Change 7.07% 5.81%
Other Long-Term Liabilities $7.198B $7.246B
YoY Change 275.29% -5.55%
Total Long-Term Liabilities $30.65B $30.10B
YoY Change 1498.02% 2.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.097B $2.494B
Total Long-Term Liabilities $30.65B $30.10B
Total Liabilities $32.75B $32.59B
YoY Change 2.24% 1.87%
SHAREHOLDERS EQUITY
Retained Earnings -$13.07B -$12.69B
YoY Change 12.99% 13.8%
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 $5.296B $5.652B
YoY Change
Total Liabilities & Shareholders Equity $38.04B $38.25B
YoY Change -1.7% -2.04%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $303.0M $251.0M
YoY Change 14.34% -44.84%
Depreciation, Depletion And Amortization $432.0M $430.0M
YoY Change -1.59% -3.37%
Cash From Operating Activities $699.0M $768.0M
YoY Change 31.14% -31.43%
INVESTING ACTIVITIES
Capital Expenditures $297.0M $329.0M
YoY Change -14.41% -13.19%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.000M
YoY Change -100.0% -95.0%
Cash From Investing Activities -$297.0M -$330.0M
YoY Change -14.9% -17.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -362.0M -405.0M
YoY Change -5.48% -34.57%
NET CHANGE
Cash From Operating Activities 699.0M 768.0M
Cash From Investing Activities -297.0M -330.0M
Cash From Financing Activities -362.0M -405.0M
Net Change In Cash 40.00M 33.00M
YoY Change -120.1% -67.65%
FREE CASH FLOW
Cash From Operating Activities $699.0M $768.0M
Capital Expenditures $297.0M $329.0M
Free Cash Flow $402.0M $439.0M
YoY Change 116.13% -40.76%

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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
435000000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
434000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
435000000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.565
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.565
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
1000000 shares
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.565
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
683000000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.565
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
300000 shares
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30000000 usd
CY2023Q4 cci At The Market Stock Offering Program Aggregate Value Of Common Stock
AtTheMarketStockOfferingProgramAggregateValueOfCommonStock
750000000 usd
CY2024Q1 cci At The Market Stock Offering Program Terminated2021 Program Remaining Unsold
AtTheMarketStockOfferingProgramTerminated2021ProgramRemainingUnsold
750000000 usd
CY2024Q2 cci Availability Under2024 Atm Program
AvailabilityUnder2024ATMProgram
750000000 usd
CY2024Q2 cci Small Cells On Air Or Under Contract
SmallCellsOnAirOrUnderContract
115000
CY2024Q2 cci Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
4000000 usd
CY2023Q2 cci Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
4000000 usd
cci Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
8000000 usd
cci Amortization Of Prepaid Lease Purchase Price Adjustments
AmortizationOfPrepaidLeasePurchasePriceAdjustments
8000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
283000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
284000000 usd
us-gaap Interest Paid Net
InterestPaidNet
441000000 usd
us-gaap Interest Paid Net
InterestPaidNet
367000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
-70000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28000000 usd
cci Increase Decreaseinaccountspayableforpurchasesofpropertyandequipment
IncreaseDecreaseinaccountspayableforpurchasesofpropertyandequipment
-18000000 usd
cci Increase Decreaseinaccountspayableforpurchasesofpropertyandequipment
IncreaseDecreaseinaccountspayableforpurchasesofpropertyandequipment
16000000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
13000000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
14000000 usd
cci Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
41000000 usd
cci Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
Purchaseofpropertyandequipmentundercapitalleasesandinstallmentpurchases
39000000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
105000000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
171000000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
171000000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
331000000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
281000000 usd
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

Files In Submission

Name View Source Status
cci-20240630_pre.xml Edgar Link unprocessable
cci-20240630_cal.xml Edgar Link unprocessable
0001051470-24-000186-index-headers.html Edgar Link pending
0001051470-24-000186-index.html Edgar Link pending
0001051470-24-000186.txt Edgar Link pending
0001051470-24-000186-xbrl.zip Edgar Link pending
cci-20240630.htm Edgar Link pending
cci-20240630.xsd Edgar Link pending
cci-20240630_g1.jpg Edgar Link pending
cci-20240630_g2.jpg Edgar Link pending
cci-20240630_g3.jpg Edgar Link pending
exhibit311063024.htm Edgar Link pending
exhibit312063024.htm Edgar Link pending
exhibit321063024.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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cci-20240630_def.xml Edgar Link unprocessable
cci-20240630_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
cci-20240630_htm.xml Edgar Link completed
R4.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending