Crown Castle — Apr 30, 2025 release

     CrownCastle.com News Release continued: Page 15 Components of Capital Expenditures: (a)(c) For the Three Months Ended (in millions) March 31, 2025 March 31, 2024 Discretionary capital expenditures: Towers improvements and other capital projects $ 15  $ 26  Purchases of land interests 18  13  Sustaining capital expenditures 7  8  Total capital expenditures $ 40   $ 47   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) March 31, 2025 March 31, 2024 Interest expense on debt obligations $ 233  $ 223  Amortization of deferred financing costs and adjustments on long-term debt 8  8  Capitalized interest (5) (5) Interest expense and amortization of deferred financing costs, net $ 236   $ 226   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) The financial impact of the Fiber Business is excluded as amounts are presented within discontinued operations. (d) As issued April 30, 2025 and unchanged from the previous Outlook 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 16 Debt Balances and Maturity Dates as of March 31, 2025 : (in millions) Face Value (a) Final Maturity Cash and cash equivalents and restricted cash and cash equivalents (b) $ 239   Senior Secured Notes, Series 2009-1, Class A-2 (c) 31  Aug. 2029 Senior Secured Tower Revenue Notes, Series 2015-2 (d) 700  May 2045 Senior Secured Tower Revenue Notes, Se