SEC Comment Letter 0000000000-24-005889 to CROWN CASTLE INC. (CCI)
CROWN CASTLE INC.
Date: May 21, 2024 · CIK: 0001051470 · Accession: 0000000000-24-005889
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-16441
Letter
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.
FirstName LastNameDaniel K. Schlanger Comapany NameCrown Castle Inc. May 21, 2024 Page 2 FirstName LastName 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, Division of Corporation Finance Office of Real Estate & Construction cc: Robert S. Collins
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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.
FirstName LastNameDaniel K. Schlanger
Comapany NameCrown Castle Inc.
May 21, 2024 Page 2
FirstName LastName
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,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Robert S. Collins