XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2021
Property and Equipment, Net [Abstract]  
Property and Equipment, Net 7.PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

As of

As of

March 31, 2021

December 31, 2020

(in thousands)

Towers and related components

$

5,204,880

$

5,213,019

Construction-in-process (1)

34,040

38,065

Furniture, equipment, and vehicles

54,270

54,610

Land, buildings, and improvements

821,752

818,272

Total property and equipment

6,114,942

6,123,966

Less: accumulated depreciation

(3,506,416)

(3,446,640)

Property and equipment, net

$

2,608,526

$

2,677,326

(1)Construction-in-process represents costs incurred related to towers that are under development and will be used in the Company’s site leasing operations.

Depreciation expense was $71.5 million and $71.8 million for the three months ended March 31, 2021 and 2020, respectively. At March 31, 2021 and December 31, 2020, unpaid capital expenditures that are included in accounts payable and accrued expenses were $5.3 million and $6.1 million, respectively.