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Segment Data (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Data [Abstract] |
Schedule of Segment Reporting Information |
|  | Domestic Site |  | Int'l Site |  | Site |  |  |  |
|  | Leasing |  | Leasing |  | Development |  | Other |  | Total
For the three months ended March 31, 2023 |  | (in thousands)
Revenues (1) |  | $ | 454,833 |  | $ | 162,435 |  | $ | 58,248 |  | $ | — |  | $ | 675,516
Cost of revenues (2) |  |  | 69,750 |  |  | 50,369 |  |  | 44,185 |  |  | — |  |  | 164,304
Operating profit |  |  | 385,083 |  |  | 112,066 |  |  | 14,063 |  |  | — |  |  | 511,212
Selling, general, and administrative expenses |  |  | 31,743 |  |  | 16,730 |  |  | 6,077 |  |  | 17,659 |  |  | 72,209
Acquisition and new business initiatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
related adjustments and expenses |  |  | 3,232 |  |  | 2,825 |  |  | — |  |  | — |  |  | 6,057
Asset impairment and decommission costs |  |  | 19,435 |  |  | 4,886 |  |  | — |  |  | 2,069 |  |  | 26,390
Depreciation, amortization and accretion |  |  | 119,487 |  |  | 60,412 |  |  | 916 |  |  | 1,600 |  |  | 182,415
Operating income (loss) |  |  | 211,186 |  |  | 27,213 |  |  | 7,070 |  |  | (21,328) |  |  | 224,141
Other expense, net (principally interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
expense and other income) |  |  |  |  |  |  |  |  |  |  |  | (80,079) |  |  | (80,079)
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 144,062
Cash capital expenditures (3) |  |  | 44,636 |  |  | 23,033 |  |  | 395 |  |  | 1,256 |  |  | 69,320
For the three months ended March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues (1) |  | $ | 432,986 |  | $ | 126,446 |  | $ | 60,338 |  | $ | — |  | $ | 619,770
Cost of revenues (2) |  |  | 65,804 |  |  | 41,351 |  |  | 45,773 |  |  | — |  |  | 152,928
Operating profit |  |  | 367,182 |  |  | 85,095 |  |  | 14,565 |  |  | — |  |  | 466,842
Selling, general, and administrative expenses |  |  | 23,373 |  |  | 15,494 |  |  | 5,522 |  |  | 17,735 |  |  | 62,124
Acquisition and new business initiatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
related adjustments and expenses |  |  | 3,599 |  |  | 1,505 |  |  | — |  |  | — |  |  | 5,104
Asset impairment and decommission costs |  |  | 5,483 |  |  | 3,029 |  |  | — |  |  | — |  |  | 8,512
Depreciation, amortization and accretion |  |  | 123,133 |  |  | 48,881 |  |  | 588 |  |  | 1,721 |  |  | 174,323
Operating income (loss) |  |  | 211,594 |  |  | 16,186 |  |  | 8,455 |  |  | (19,456) |  |  | 216,779
Other income, net (principally interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
expense and other income) |  |  |  |  |  |  |  |  |  |  |  | 12,004 |  |  | 12,004
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 228,783
Cash capital expenditures (3) |  |  | 39,545 |  |  | 211,771 |  |  | 966 |  |  | 1,581 |  |  | 253,863
|  | Domestic Site |  | Int'l Site |  | Site |  |  |  |
|  | Leasing |  | Leasing |  | Development |  | Other (4) |  | Total
Assets |  | (in thousands)
As of March 31, 2023 |  | $ | 6,186,249 |  | $ | 3,855,779 |  | $ | 127,215 |  | $ | 372,286 |  | $ | 10,541,529
As of December 31, 2022 |  | $ | 6,308,204 |  | $ | 3,808,699 |  | $ | 158,137 |  | $ | 310,001 |  | $ | 10,585,041
(1)For the three months ended March 31, 2023 and 2022, site leasing revenue in Brazil was $93.8 million and $65.2 million, respectively. Other than Brazil, no foreign country represented more than 5% of the Company’s total revenues in any of the periods presented. (2)Excludes depreciation, amortization, and accretion. (3)Includes cash paid for capital expenditures, acquisitions, and right-of-use assets. (4)Assets in Other consist primarily of general corporate assets and short-term investments.

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