United States securities and exchange commission logo
May 21, 2024
Daniel K. Schlanger
Chief Financial Officer
Crown Castle Inc.
8020 Katy Freeway
Houston, TX 77024-1908
Re: Crown Castle Inc.
Form 10-K for the
fiscal year ended December 31, 2023
File No. 001-16441
Dear Daniel K. Schlanger:
We have limited our review of your filing to the financial
statements and related
disclosures and have the following comments.
Please respond to this letter within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe a
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to this letter, we may have additional comments.
Form 10-K for the fiscal year ended December 31, 2023
Notes to Consolidated Financial Statements
Note 3. Revenues, page 66
1. We observed a decrease
in total contracted amounts from $40.2 billion as of December
31, 2022 to $38.7
billion as of December 31, 2023. However, we note an increase in total
deferred site rental
receivables for the same comparable periods. Please provide us with
the factors
contributing to these fluctuations and the relationship between contracted
amounts and deferred
site rental receivables. Also, please consider expanding your
MD&A disclosure to
address the facts and circumstances that drove the changes and
whether these
fluctuations represent a trend that have or are reasonably likely to have a
material impact on your
operations. Refer to Item 303 of Regulation S-K.
Note 13. Leases, page 79
2. Please tell us your
consideration for expanding your disclosure to provide disclosures
required by ASC
842-20-50-4, as applicable, for your finance leases.
Daniel K. Schlanger
Crown Castle Inc.
May 21, 2024
Page 2
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.
Please contact Kellie Kim at 202-551-3129 or Isaac Esquivel at
202-551-3395 with any
questions.
Sincerely,
FirstName LastNameDaniel K. Schlanger
Division of
Corporation Finance
Comapany NameCrown Castle Inc.
Office of Real Estate
& Construction
May 21, 2024 Page 2
cc: Robert S. Collins
FirstName LastName