XML 60 R45.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Segment Data (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Data [Abstract] |
Schedule of Segment Reporting Information |
|  | Domestic Site |  | Int'l Site |  | Site |  |  |  |
|  | Leasing |  | Leasing |  | Development |  | Other |  | Total
For the year ended December 31, 2023 |  | (in thousands)
Revenues (1) |  | $ | 1,846,554 |  | $ | 670,381 |  | $ | 194,649 |  | $ | — |  | $ | 2,711,584
Cost of revenues (2) |  |  | 268,572 |  |  | 204,115 |  |  | 139,935 |  |  | — |  |  | 612,622
Operating profit |  |  | 1,577,982 |  |  | 466,266 |  |  | 54,714 |  |  | — |  |  | 2,098,962
Selling, general, and administrative expenses |  |  | 121,782 |  |  | 66,619 |  |  | 21,316 |  |  | 58,219 |  |  | 267,936
Acquisition and new business initiatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
related adjustments and expenses |  |  | 10,725 |  |  | 10,946 |  |  | — |  |  | — |  |  | 21,671
Asset impairment and decommission costs |  |  | 138,699 |  |  | 28,089 |  |  | 372 |  |  | 2,227 |  |  | 169,387
Depreciation, amortization and accretion |  |  | 457,169 |  |  | 248,758 |  |  | 3,704 |  |  | 6,678 |  |  | 716,309
Operating income (loss) |  |  | 849,607 |  |  | 111,854 |  |  | 29,322 |  |  | (67,124) |  |  | 923,659
Other expense, net (principally interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
expense and other income) |  |  |  |  |  |  |  |  |  |  |  | (375,156) |  |  | (375,156)
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 548,503
Cash capital expenditures (3) |  |  | 244,366 |  |  | 118,972 |  |  | 2,573 |  |  | 2,702 |  |  | 368,613
For the year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues (1) |  | $ | 1,777,593 |  | $ | 558,982 |  | $ | 296,879 |  | $ | — |  | $ | 2,633,454
Cost of revenues (2) |  |  | 264,149 |  |  | 181,536 |  |  | 222,965 |  |  | — |  |  | 668,650
Operating profit |  |  | 1,513,444 |  |  | 377,446 |  |  | 73,914 |  |  | — |  |  | 1,964,804
Selling, general, and administrative expenses |  |  | 102,619 |  |  | 62,911 |  |  | 22,911 |  |  | 73,412 |  |  | 261,853
Acquisition and new business initiatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
related adjustments and expenses |  |  | 13,280 |  |  | 13,527 |  |  | — |  |  | — |  |  | 26,807
Asset impairment and decommission costs |  |  | 33,880 |  |  | 9,280 |  |  | — |  |  | — |  |  | 43,160
Depreciation, amortization and accretion |  |  | 489,072 |  |  | 209,563 |  |  | 2,521 |  |  | 6,420 |  |  | 707,576
Operating income (loss) |  |  | 874,593 |  |  | 82,165 |  |  | 48,482 |  |  | (79,832) |  |  | 925,408
Other expense, net (principally interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
expense and other income) |  |  |  |  |  |  |  |  |  |  |  | (399,565) |  |  | (399,565)
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 525,843
Cash capital expenditures (3) |  |  | 235,787 |  |  | 1,148,941 |  |  | 4,057 |  |  | 5,610 |  |  | 1,394,395
For the year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues (1) |  | $ | 1,681,372 |  | $ | 422,715 |  | $ | 204,747 |  | $ | — |  | $ | 2,308,834
Cost of revenues (2) |  |  | 258,612 |  |  | 127,779 |  |  | 159,093 |  |  | — |  |  | 545,484
Operating profit |  |  | 1,422,760 |  |  | 294,936 |  |  | 45,654 |  |  | — |  |  | 1,763,350
Selling, general, and administrative expenses |  |  | 115,458 |  |  | 37,768 |  |  | 20,636 |  |  | 46,167 |  |  | 220,029
Acquisition and new business initiatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
related adjustments and expenses |  |  | 14,452 |  |  | 13,169 |  |  | — |  |  | — |  |  | 27,621
Asset impairment and decommission costs |  |  | 20,135 |  |  | 12,763 |  |  | — |  |  | 146 |  |  | 33,044
Depreciation, amortization and accretion |  |  | 514,234 |  |  | 177,059 |  |  | 2,295 |  |  | 6,573 |  |  | 700,161
Operating income (loss) |  |  | 758,481 |  |  | 54,177 |  |  | 22,723 |  |  | (52,886) |  |  | 782,495
Other expense, net (principally interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
expense and other income) |  |  |  |  |  |  |  |  |  |  |  | (529,931) |  |  | (529,931)
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 252,564
Cash capital expenditures (3) |  |  | 1,249,075 |  |  | 135,591 |  |  | 2,563 |  |  | 6,269 |  |  | 1,393,498
|  | Domestic Site |  | Int'l Site |  | Site |  |  |  |
|  | Leasing |  | Leasing |  | Development |  | Other (4) |  | Total
Assets |  | (in thousands)
As of December 31, 2023 |  | $ | 5,876,648 |  | $ | 3,871,164 |  | $ | 66,001 |  | $ | 364,628 |  | $ | 10,178,441
As of December 31, 2022 |  | $ | 6,308,204 |  | $ | 3,808,699 |  | $ | 158,137 |  | $ | 310,001 |  | $ | 10,585,041
(1)For the years ended December 31, 2023, 2022, and 2021, site leasing revenue in Brazil was $392.0 million, $299.5 million, and $233.5 million, respectively. Other than Brazil, no foreign country represented more than 5% of the Company’s total site leasing 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.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration