Crown Castle — Oct 16, 2024 release

     CrownCastle.com News Release continued: Page 19 Components of Capital Expenditures: (a) For the Three Months Ended September 30, 2024 September 30, 2023 (in millions) Towers Fiber Other Total Towers Fiber Other Total Discretionary capital expenditures: Communications infrastructure improvements and other capital projects $ 16  $ 239  $ 5  $ 260  $ 34  $ 273  $ 5  $ 312  Purchases of land interests 14  —  —  14  13  —  —  13  Sustaining capital expenditures 2  18  3  23  2  14  6  22  Total capital expenditures $ 32   $ 257   $ 8   $ 297   $ 49   $ 287   $ 11   $ 347   For the Nine Months Ended September 30, 2024 September 30, 2023 (in millions) Towers Fiber Other Total Towers Fiber Other Total Discretionary capital expenditures: Communications infrastructure improvements and other capital projects $ 51  $ 769  $ 16  $ 836  $ 101  $ 843  $ 17  $ 961  Purchases of land interests 38  —  —  38  51  —  —  51  Sustaining capital expenditures 7  50  15  72  8  29  18  55  Total capital expenditures $ 96   $ 819   $ 31   $ 946   $ 160   $ 872   $ 35   $ 1,067   Outlook for Discretionary Capital Expenditures Less Prepaid Rent Additions: (d) (in millions) Full Year 2023 Full Year 2024 Outlook (b) Discretionary capital expenditures $1,341 $1,230 to $1,330 Less: Prepaid rent additions (c) $348 ~$355 Discretionary capital expenditures less prepaid rent additions $993 $875 to $975 Components of Interest Expense: For the Three Months Ended (in millions) September 30, 2024 September 30, 2023 Interest expense on debt obligations $ 234  $ 213  Amortization of deferred financing costs and adjustments on long-term debt 8  8  Capitalized interest (6) (4) Interest expense and amortization of deferred financing costs, net $ 236   $ 217   Outlook for Components of Interest Expense: (in millions) Full Year 2024 Outlook (b) Interest expense on debt obligations $915 to $955 Amortization of deferred financing costs and adjustments on long-term debt $20 to $30 Capitalized interest $(17) to $(7) Interest expense and amortization of deferred financing costs, net $926 to $971 (a) See our definitions of discretionary capital expenditures and sustaining capital expenditures in this "Non-GAAP Measures and Other Information." (b) As issued on October 16, 2024 and unchanged from previous outlook issued on July 17, 2024. (c) Reflects up-front consideration from long-term tenant contracts (commonly referred to as prepaid rent) that are amortized and recognized as revenue over the associated estimated lease term in accordance with GAAP. (d) Excludes sustaining capital expenditures.