Property And Equipment, Net

9 Months Ended

Sep. 30, 2014

Property And Equipment, Net [Abstract]

7.PROPERTY AND EQUIPMENT, NET

Property and equipment, net (including assets held under capital leases) consists of the following:



	As of		As of
	September 30, 2014		December 31, 2013

	(in thousands)
Towers and related components	$	4,070,524	$	3,821,482
Construction-in-process		37,867		24,275
Furniture, equipment, and vehicles		50,686		40,274
Land, buildings, and improvements		405,212		364,830
		4,564,289		4,250,861
Less: accumulated depreciation		(1,876,462)		(1,672,417)
Property and equipment, net	$	2,687,827	$	2,578,444

Construction-in-process represents costs incurred related to towers that are under development and will be used in the Company’s operations. Depreciation expense was $73.0 million and $65.1 million for the three months ended September 30, 2014 and 2013, respectively, and $213.7 million and $198.1 million for the nine months ended September 30, 2014 and 2013, respectively. At September 30, 2014 and December 31, 2013, non-cash capital expenditures that are included in accounts payable and accrued expenses were $19.3 million and $11.4 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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