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# Crown Castle Shifts $157 Million Payment Into Operating Cash Flow, Cutting Nine-Month Total To $1,096 Million
- URL: https://www.bullished.co/crown-castle-shifts-157-million-payment-into-operating-cash-flow-cutting-nine-month-total-3b852b34/
- Published: 2026-11-04T23:08:09.000Z
- Updated: 2026-11-04T23:08:09.000Z
- Description: An amended filing moves the third-quarter payment out of investing activities; total assets and the income statement are unchanged.
- Author: Matteo Parrino
- Tags: Earnings, CCI, Industry: Real Estate

[Crown Castle](https://www.bullished.co/tag/cci/), which owns and leases about 40,000 towers across the U.S., has now disclosed in an [amended filing](https://www.sec.gov/Archives/edgar/data/0001051470/000105147026000091/cci-20261021.htm?ref=bullished.co) that a [$157 million payment](https://www.sec.gov/Archives/edgar/data/0001051470/000105147026000091/q32026earningsrelease8-ka.htm?ref=bullished.co) made in the third quarter belongs in operating activities, not investing. The company said it made the change to match the quarterly report on Form 10-Q.

## Where the $157 million went

The amendment to the October 21 earnings report pulls the $157 million out of "Other intangible assets, net" on the balance sheet. Of that, $90 million now sits in operating lease right-of-use assets and $67 million in other assets, net.

The related cash outflow moves with it, from investing activities to operating activities in the cash flow statement. The company said the reclassification has no effect on total assets or the statement of operations.

Net cash from operating activities for the first nine months of 2026 now reads $1,096 million, against $2,187 million for the same period a year earlier. Net cash from investing activities for the nine months is $7,907 million, a figure that includes $8.4 billion of net proceeds from the sale of the Fiber Business.

## Earnings figures stand

Third-quarter results are untouched. Net income was $283 million, and adjusted funds from operations, or AFFO, was $530 million, both as originally reported. Crown Castle's full-year 2026 outlook, issued October 21, is also unchanged in the amended release.

The supplemental information package was also amended, with a new version posted on the company's website on November 4\. The reclassification changes two measures there, consolidated return on invested capital and cash yield on invested capital.

## A tower company after the fiber sale

Crown Castle leases space on its towers to wireless carriers under long-term contracts. It completed the sale of its small cells and fiber businesses on May 1, 2026, receiving net cash proceeds of $8.4 billion on a gross price of $8.5 billion, after $124 million of preliminary purchase price adjustments that remain subject to a post-closing settlement.

The new exhibits replace those in the [original 8-K](https://www.sec.gov/Archives/edgar/data/0001051470/000105147026000085/cci-20261021.htm?ref=bullished.co) in their entirety.

The amended release leaves the company's 2026 outlook for AFFO at a midpoint of $1,980 million, as issued October 21.

Learn

- [8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples →](https://www.bullished.co/learn/8-k-items-explained/)  
What every common 8-K item means, from 1.01 to 9.01: which are routine, which are rare, what to check, with real examples and counts from 90 days of filings.

### Sources

- [8-K/A Filing (Amendment) — CROWN CASTLE INC. (CCI)](https://www.sec.gov/Archives/edgar/data/0001051470/000105147026000091/cci-20261021.htm?ref=bullished.co) — SEC EDGAR
- [Original 8-K — CROWN CASTLE INC. (filed 2026-10-21)](https://www.sec.gov/Archives/edgar/data/0001051470/000105147026000085/cci-20261021.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit q32026earningsrelease8-ka.htm — CROWN CASTLE INC. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001051470/000105147026000091/q32026earningsrelease8-ka.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit q32026supplement8-ka.htm — CROWN CASTLE INC. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001051470/000105147026000091/q32026supplement8-ka.htm?ref=bullished.co) — SEC EDGAR

### More on Crown Castle

- [Crown Castle CEO Calls DISH's Built Network 'The Industry Cheat Code' For SpaceX, Won't Say If It Has Called](https://www.bullished.co/crown-castle-ceo-calls-dishs-built-network-the-industry-cheat-code-for-spacex-wont-say-if-6fbad887/)
- [Crown Castle's Cash Earnings Per Share Rose 11% As Site Rental Revenue Fell To $966 Million](https://www.bullished.co/crown-castles-cash-earnings-per-share-rose-11-as-site-rental-revenue-fell-to-966-million-df440fda/)

[All Crown Castle (CCI) coverage →](https://www.bullished.co/tag/cci/)