Crown Castle — Mar 13, 2025 release

     CrownCastle.com News Release continued: Page 21 Components of Capital Expenditures: (a) For the Three Months Ended December 31, 2024 December 31, 2023 (in millions) Towers Fiber Other Total Towers Fiber Other Total Discretionary capital expenditures: Communications infrastructure improvements and other capital projects $ 14  $ 223  $ 4  $ 241  $ 21  $ 288  $ 7  $ 316  Purchases of land interests 20  —  —  20  13  —  —  13  Sustaining capital expenditures 3  3  9  15  —  15  13  28  Total capital expenditures $ 37   $ 226   $ 13   $ 276   $ 34   $ 303   $ 20   $ 357   For the Twelve Months Ended December 31, 2024 December 31, 2023 (in millions) Towers Fiber Other Total Towers Fiber Other Total Discretionary capital expenditures: Communications infrastructure improvements and other capital projects $ 65  $ 992  $ 20  $ 1,077  $ 122  $ 1,131  $ 24  $ 1,277  Purchases of land interests 58  —  —  58  64  —  —  64  Sustaining capital expenditures 10  53  24  87  8  44  31  83  Total capital expenditures $ 133   $ 1,045   $ 44   $ 1,222   $ 194   $ 1,175   $ 55   $ 1,424   Outlook for Discretionary Capital Expenditures Less Prepaid Rent Additions: (b)(c) (in millions) Full Year 2025 Outlook (d) Discretionary capital expenditures $185 to $185 Less: Prepaid rent additions (e) ~$40 Discretionary capital expenditures less prepaid rent additions $145 to $145 Components of Interest Expense: For the Three Months Ended (in millions) December 31, 2024 December 31, 2023 Interest expense on debt obligations $ 236  $ 220  Amortization of deferred financing costs and adjustments on long-term debt 8  7  Capitalized interest (4) (4) Interest expense and amortization of deferred financing costs, net $ 240   $ 223   Outlook for Components of Interest Expense: (in millions) Full Year 2025 Outlook (d) Interest expense on debt obligations $970 to $1,010 Amortization of deferred financing costs and adjustments on long-term debt $20 to $30 Capitalized interest $(15) to $(5) Interest expense and amortization of deferred financing costs, net $982 to $1,027 (a) See our definitions of discretionary capital expenditures and sustaining capital expenditures in this "Non-GAAP Measures and Other Information." (b) Excludes sustaining capital expenditures. See " Non-GAAP Measures and Other Information " for our definitions of discretionary capital expenditures and sustaining capital expenditures. (c) Exclusive of discretionary capital expenditures less prepaid rent additions expected to be recorded to discontinued operations related to small cells and fiber solutions. (d) As issued on March 13, 2025. (e) 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.     The pathway to possible.      CrownCastle.com News Release continued: Page 22 Debt Balances and Maturity Dates as of December 31, 2024 : (in millions) Face Value (a) Final Maturity Cash and cash equivalents and restricted cash and cash equivalents $ 295   Senior Secured Notes, Series 2009-1, Class A-2 (b) 33  Aug. 2029 Senior Secured Tower Revenue