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Segment Data | 3 Months Ended
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Mar. 31, 2021
Segment Data [Abstract] |
Segment Data | 14.SEGMENT DATA The Company operates principally in two business segments: site leasing and site development. The Company’s site leasing business includes two reportable segments, domestic site leasing and international site leasing. The Company’s business segments are strategic business units that offer different services. They are managed separately based on the fundamental differences in their operations. The site leasing segment includes results of the managed and sublease businesses. The site development segment includes the results of both consulting and construction related activities. The Company’s Chief Operating Decision Maker utilizes segment operating profit and operating income as his two measures of segment profit in assessing performance and allocating resources at the reportable segment level. The Company has applied the aggregation criteria to operations within the international site leasing segment on a basis that is consistent with management’s review of information and performance evaluations of the individual markets in this region. Revenues, cost of revenues (exclusive of depreciation, accretion and amortization), capital expenditures (including assets acquired through the issuance of shares of the Company’s Class A common stock) and identifiable assets pertaining to the segments in which the Company continues to operate are presented below.
|  | Domestic Site |  | Int'l Site |  | Site |  |  |  |
|  | Leasing |  | Leasing |  | Development |  | Other |  | Total
For the three months ended March 31, 2021 |  | (in thousands)
Revenues |  | $ | 403,579 |  | $ | 101,524 |  | $ | 43,636 |  | $ | — |  | $ | 548,739
Cost of revenues (1) |  |  | 65,120 |  |  | 30,248 |  |  | 34,406 |  |  | — |  |  | 129,774
Operating profit |  |  | 338,459 |  |  | 71,276 |  |  | 9,230 |  |  | — |  |  | 418,965
Selling, general, and administrative expenses |  |  | 28,056 |  |  | 7,760 |  |  | 5,789 |  |  | 9,996 |  |  | 51,601
Acquisition and new business initiatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
related adjustments and expenses |  |  | 3,332 |  |  | 1,669 |  |  | — |  |  | — |  |  | 5,001
Asset impairment and decommission costs |  |  | 3,871 |  |  | 1,032 |  |  | — |  |  | — |  |  | 4,903
Depreciation, amortization and accretion |  |  | 137,054 |  |  | 43,121 |  |  | 2,082 |  |  | 1,624 |  |  | 183,881
Operating income (loss) |  |  | 166,146 |  |  | 17,694 |  |  | 1,359 |  |  | (11,620) |  |  | 173,579
Other expense (principally interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and other expense) |  |  |  |  |  |  |  |  |  |  |  | (206,246) |  |  | (206,246)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (32,667)
Cash capital expenditures (2) |  |  | 1,059,678 |  |  | 16,947 |  |  | 870 |  |  | 750 |  |  | 1,078,245
For the three months ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 386,345 |  | $ | 106,011 |  | $ | 24,711 |  | $ | — |  | $ | 517,067
Cost of revenues (1) |  |  | 63,905 |  |  | 31,894 |  |  | 19,715 |  |  | — |  |  | 115,514
Operating profit |  |  | 322,440 |  |  | 74,117 |  |  | 4,996 |  |  | — |  |  | 401,553
Selling, general, and administrative expenses |  |  | 27,323 |  |  | 7,931 |  |  | 4,456 |  |  | 9,907 |  |  | 49,617
Acquisition and new business initiatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
related adjustments and expenses |  |  | 2,597 |  |  | 1,202 |  |  | — |  |  | — |  |  | 3,799
Asset impairment and decommission costs |  |  | 10,826 |  |  | 3,529 |  |  | — |  |  | — |  |  | 14,355
Depreciation, amortization and accretion |  |  | 133,806 |  |  | 46,612 |  |  | 616 |  |  | 1,545 |  |  | 182,579
Operating income (loss) |  |  | 147,888 |  |  | 14,843 |  |  | (76) |  |  | (11,452) |  |  | 151,203
Other expense (principally interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and other expense) |  |  |  |  |  |  |  |  |  |  |  | (345,674) |  |  | (345,674)
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (194,471)
Cash capital expenditures (2) |  |  | 101,306 |  |  | 26,433 |  |  | 782 |  |  | 1,194 |  |  | 129,715
|  | Domestic Site |  | Int'l Site |  | Site |  |  |  |
|  | Leasing |  | Leasing |  | Development |  | Other (3) |  | Total
Assets |  | (in thousands)
As of March 31, 2021 |  | $ | 6,776,019 |  | $ | 2,696,652 |  | $ | 81,127 |  | $ | 209,662 |  | $ | 9,763,460
As of December 31, 2020 |  | $ | 5,893,636 |  | $ | 2,955,563 |  | $ | 61,729 |  | $ | 247,090 |  | $ | 9,158,018
(1)Excludes depreciation, amortization, and accretion. (2)Includes cash paid for capital expenditures, acquisitions, and right-of-use assets. (3)Assets in Other consist primarily of general corporate assets and short-term investments. For the three months ended March 31, 2021 and 2020, site leasing revenue in Brazil was $55.4 million and $63.1 million, respectively. Other than Brazil, no foreign country represented a material amount of the Company’s total revenues in any of the periods presented. Total long-lived assets in Brazil were $0.9 billion and $1.0 billion as of March 31, 2021 and December 31, 2020, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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