Operating Segments Operating Segments (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Segment Reporting Information, by Segment

The following table sets forth the Company's results, including significant expenses not presented in the condensed consolidated statement of operations comprehensive income (loss), for the three and six months ended June 30, 2025 and 2024. Since the Company operates as one reportable segment that constitutes consolidated continuing results of operations, there are no reconciling items between segment and consolidated assets or capital expenditures from continuing operations.


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Net revenues	$	1,060		$	1,107		$	2,121		$	2,221
Less:
Lease expense	185			186			371			372
Employee compensation expense	92		(a)	97		(a)	180		(b)	194		(b)
Other costs of operations expense(c)(d)	66			61			123			123
Other selling, general and administrative expenses(e)	34			66			64			109
Asset write-down charges	2			3			4			8
Depreciation, amortization and accretion	175			180			352			371
Restructuring charges	—			19			—			30
Total operating expenses	554			612			1,094			1,207
Operating income	506			495			1,027			1,014
Interest expense and amortization of deferred financing costs, net	(243)			(230)			(479)			(455)
Interest income	4			4			7			8
Other income (expense)	2			1			3			3
Income (loss) from continuing operations before income taxes	269			270			558			570
Benefit (provision) for income taxes	(4)			(5)			(9)			(11)
Income (loss) from continuing operations	265			265			549			559
Discontinued operations (note 3):
Income (loss) from discontinued operations before gain (loss) from disposal, net of tax	278			(14)			360			3
Gain (loss) from disposal of discontinued operations	(252)			—			(1,082)			—
Income (loss) from discontinued operations, net of tax	26			(14)			(722)			3
Net income (loss)	$	291		$	251		$	(173)		$	562

(a)$28 million and $26 million are included in "Costs of operations" for the three months ended June 30, 2025 and 2024, respectively, and $65 million and $71 million are included in "Selling, general and administrative" for the three months ended June 30, 2025 and 2024, respectively, on the Company's condensed consolidated statement of operations and comprehensive income (loss).

(b)$52 million is included in "Costs of operations" for each of the six months ended June 30, 2025 and 2024, and $128 million and $142 million are included in "Selling, general and administrative" for the six months ended June 30, 2025 and 2024, respectively, on the Company's condensed consolidated statement of operations and comprehensive income (loss).

(c)Exclusive of depreciation, amortization and accretion, shown separately.

(d)Other costs of operations primarily consists of (1) property taxes, (2) repair and maintenance expense, (3) third-party costs related to ancillary services performed and (4) various other insignificant expenses.

(e)Other selling, general and administrative expenses primarily include (1) corporate facilities expense, (2) legal expenses and consulting fees, (3) subscriptions and software costs and (4) other general corporate costs.

CROWN CASTLE INC. 10-Q