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Operating Segments and Concentrations of Credit Risk (Tables)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Segments and Concentrations of Credit Risk [Abstract]      
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Year Ended December 31, 2024
TowersFiber
Other Non-Segment Items
Total
Segment site rental revenues$4,266 $2,092 $6,358 
Segment services and other revenues192 18 210 
Segment revenues4,458 2,110 6,568 
Segment site rental costs of operations959 734 1,693 
Segment services and other costs of operations101 12 113 
Segment costs of operations(a)(b)
1,060 746 1,806 
Segment adjusted site rental gross margin
3,307 1,358 4,665 
Segment adjusted services and other gross margin
91 97 
Segment selling, general and administrative expenses(b)
76 176 252 
Segment operating profit (loss)3,322 1,188 4,510 
Other selling, general and administrative expenses(b)
$348 348 
Stock-based compensation expense, net131 131 
Depreciation, amortization and accretion
1,738 1,738 
Restructuring charges
109 109 
Interest expense and amortization of deferred financing costs, net932 932 
Goodwill impairment
4,958 4,958 
Other (income) expenses to reconcile to income (loss) before income taxes(c)
173 173 
Income (loss) before income taxes
$(3,879)
Capital expenditures$133 $1,045 $44 $1,222 
Total assets (at year end)$20,814 $11,283 $639 $32,736 
Total goodwill (at year end)$5,127 $— $— $5,127 
Year Ended December 31, 2023
TowersFiber
Other Non-Segment Items
Total
Segment site rental revenues$4,313 $2,219 $6,532 
Segment services and other revenues421 28 449 
Segment revenues4,734 2,247 6,981 
Segment site rental costs of operations943 686 1,629 
Segment services and other costs of operations294 12 306 
Segment costs of operations(a)(b)
1,237 698 1,935 
Segment adjusted site rental gross margin
3,370 1,533 4,903 
Segment adjusted services and other gross margin
127 16 143 
Segment selling, general and administrative expenses(b)
104 194 298 
Segment operating profit (loss)3,393 1,355 4,748 
Other selling, general and administrative expenses(b)
$333 333 
Stock-based compensation expense, net157 157 
Depreciation, amortization and accretion
1,754 1,754 
Restructuring charges
85 85 
Interest expense and amortization of deferred financing costs, net850 850 
Other (income) expenses to reconcile to income (loss) before income taxes(c)
41 41 
Income (loss) before income taxes
$1,528 
Capital expenditures$194 $1,175 $55 $1,424 
Total assets (at year end)$21,550 $16,308 $669 $38,527 
Total goodwill (at year end)$5,127 $4,958 $— $10,085 
Year Ended December 31, 2023
TowersFiber
Other Non-Segment Items
Total
Segment costs of operations:
Lease expense
$732 $347 $— $1,079 
Employee compensation expense
122 98 — 220 
Repairs and maintenance expense
58 107 — 165 
Other segment costs of operations expense
325 146 — 471 
Total segment costs of operations(a)(b)
1,237 698 — 1,935 
Segment selling, general and administrative expenses:
Employee compensation expense82 117 171 370 
Other segment selling, general and administrative expenses22 77 162 261 
Total segment selling, general and administrative expenses(b)
$104 $194 $333 $631 
(a)Exclusive of depreciation, amortization and accretion shown separately.
(b)Segment costs of operations for the year ended December 31, 2023 excludes (1) stock-based compensation expense, net of $29 million and (2) prepaid lease purchase price adjustments of $16 million. For the year ended December 31, 2023, segment selling, general and administrative expenses and other selling, general and administrative expenses exclude stock-based compensation expense, net of $128 million.
(c)See consolidated statement of operations and comprehensive income (loss) for further information.
Year Ended December 31, 2022
TowersFiber
Other Non-Segment Items
Total
Segment site rental revenues$4,322 $1,967 $6,289 
Segment services and other revenues685 12 697 
Segment revenues5,007 1,979 6,986 
Segment site rental costs of operations918 650 1,568 
Segment services and other costs of operations447 456 
Segment costs of operations(a)(b)
1,365 659 2,024 
Segment adjusted site rental gross margin
3,404 1,317 4,721 
Segment adjusted services and other gross margin
238 241 
Segment selling, general and administrative expenses(b)
115 190 305 
Segment operating profit (loss)3,527 1,130 4,657 
Other selling, general and administrative expenses(b)
$317 317 
Stock-based compensation expense, net156 156 
Depreciation, amortization and accretion
1,707 1,707 
Interest expense and amortization of deferred financing costs, net699 699 
Other (income) expenses to reconcile to income (loss) before income taxes(c)
87 87 
Income (loss) before income taxes
$1,691 
Capital expenditures$185 $1,058 $67 $1,310 
Total assets (at year end)$22,210 $16,010 $701 $38,921 
Total goodwill (at year end)$5,127 $4,958 $— $10,085 
Year Ended December 31, 2022
TowersFiber
Other Non-Segment Items
Total
Segment costs of operations:
Lease expense
$707 $321 $— $1,028 
Employee compensation expense
159 100 — 259 
Repairs and maintenance expense
56 97 — 153 
Other segment costs of operations expense
443 141 — 584 
Total segment costs of operations(a)(b)
1,365 659 — 2,024 
Segment selling, general and administrative expenses:
Employee compensation expense93 118 183 394 
Other segment selling, general and administrative expenses22 72 134 228 
Total segment selling, general and administrative expenses(b)
$115 $190 $317 $622 
(a)Exclusive of depreciation, amortization and accretion shown separately.
(b)Segment costs of operations for the year ended December 31, 2022 excludes (1) stock-based compensation expense, net of $28 million and (2) prepaid lease purchase price adjustments of $16 million. For the year ended December 31, 2022, segment selling, general and administrative expenses and other selling, general and administrative expenses exclude stock-based compensation expense, net of $128 million.
(c)See consolidated statement of operations and comprehensive income (loss) for further information.
A Summary of the Percentage of the Consolidated Revenues for Those Customers Accounting for More than 10% of the Consolidated Revenues
The following table summarizes the percentage of the consolidated revenues for those tenants accounting for more than 10% of the Company's consolidated revenues.
 Years Ended December 31,
 
2024
2023
2022
T-Mobile 35 %38 %38 %
AT&T 19 %19 %18 %
Verizon Wireless19 %19 %18 %
Total73 %76 %74 %
   
Significant Segment Expenses
Year Ended December 31, 2024
TowersFiber
Other Non-Segment Items
Total
Segment costs of operations:
Lease expense
$745 $369 $— $1,114 
Employee compensation expense
90 95 — 185 
Repairs and maintenance expense
54 120 — 174 
Other segment costs of operations expense
171 162 — 333 
Total segment costs of operations(a)(b)
1,060 746 — 1,806 
Segment selling, general and administrative expenses:
Employee compensation expense63 102 160 325 
Other segment selling, general and administrative expenses13 74 188 275 
Total segment selling, general and administrative expenses(b)
$76 $176 $348 $600 
(a)Exclusive of depreciation, amortization and accretion shown separately.
(b)Segment costs of operations for the year ended December 31, 2024 excludes (1) stock-based compensation expense, net of $25 million and (2) prepaid lease purchase price adjustments of $16 million. For the year ended December 31, 2024, segment selling, general and administrative expenses and other selling, general and administrative expenses exclude stock-based compensation expense, net of $106 million.
(c)See consolidated statement of operations and comprehensive income (loss) for further information.