Segment Data (Tables)

3 Months Ended

Mar. 31, 2023

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.