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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2018
Property and Equipment, Net [Abstract]  
Property and Equipment, Net

8.PROPERTY AND EQUIPMENT, NET

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





 

 

 

 

 

 



 

 

 

 

 

 



 

As of

 

As of



 

December 31, 2018

 

December 31, 2017



 

 

 

 

 

 



 

(in thousands)

Towers and related components

 

$

 4,951,321 

 

$

 4,772,807 

Construction-in-process

 

 

 35,756 

 

 

 34,689 

Furniture, equipment, and vehicles

 

 

 54,814 

 

 

 53,260 

Land, buildings, and improvements

 

 

 668,459 

 

 

 630,370 

Total property and equipment

 

 

 5,710,350 

 

 

 5,491,126 

Less: accumulated depreciation

 

 

 (2,923,995)

 

 

 (2,678,780)

Property and equipment, net

 

$

 2,786,355 

 

$

 2,812,346 



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 $269.2 million, $258.4 million, and $268.1 million for the years ended December 31, 2018,  2017, and 2016, respectively. At December 31, 2018 and 2017, non-cash capital expenditures that are included in accounts payable and accrued expenses were $12.4 million.