18.SEGMENT DATA

The Company operates principally in two business segments: site leasing and site development. The Company’s site leasing business includes two reportable segments, domestic site leasing and international site leasing. The Company’s business segments are strategic business units that offer different services. They are managed separately based on the fundamental differences in their operations. The site leasing segment includes results of the managed and sublease businesses. The site development segment includes the results of both consulting and construction related activities. The Company’s Chief Operating Decision Maker utilizes segment operating profit and operating income as his two measures of segment profit in assessing performance and allocating resources at the reportable segment level. The Company has applied the aggregation criteria to operations within the international site leasing segment on a basis that is consistent with management’s review of information and performance evaluations of the individual markets in this region.

Revenues, cost of revenues (exclusive of depreciation, accretion and amortization), capital expenditures (including assets acquired through the issuance of shares of the Company’s Class A common stock) and identifiable assets pertaining to the segments in which the Company continues to operate are presented below.



	Domestic Site		Int'l Site		Site		Not Identified
	Leasing		Leasing		Development		by Segment		Total

For the year ended December 31, 2018	(in thousands)
Revenues	$	1,400,095	$	340,339	$	125,261	$	—	$	1,865,695
Cost of revenues (2)		266,131		106,165		96,499		—		468,795
Operating profit		1,133,964		234,174		28,762		—		1,396,900
Selling, general, and administrative		72,879		27,082		16,215		26,350		142,526
Acquisition related adjustments and expenses		5,268		5,693		—		—		10,961
Asset impairment and decommission costs		18,857		7,932		345		—		27,134
Depreciation, amortization and accretion		511,823		151,570		2,556		6,164		672,113
Operating income (loss)		525,137		41,897		9,646		(32,514)		544,166
Other expense (principally interest expense
and other expense)								(492,482)		(492,482)
Income before provision for income taxes										51,684
Cash capital expenditures (3)		338,610		258,785		1,561		3,724		602,680
For the year ended December 31, 2017
Revenues	$	1,308,389	$	314,784	$	104,501	$	—	$	1,727,674
Cost of revenues (2)		260,826		98,701		86,785		—		446,312
Operating profit		1,047,563		216,083		17,716		—		1,281,362
Selling, general, and administrative		67,263		24,320		15,433		23,681		130,697
Acquisition related adjustments and expenses		8,171		4,196		—		—		12,367
Asset impairment and decommission costs		29,523		6,994		180		—		36,697
Depreciation, amortization and accretion		498,842		135,155		2,580		6,523		643,100
Operating income (loss)		443,764		45,418		(477)		(30,204)		458,501
Other expense (principally interest expense
and other expense)								(341,610)		(341,610)
Income before provision for income taxes										116,891
Cash capital expenditures (3)		225,074		358,691		1,221		3,859		588,845
For the year ended December 31, 2016
Revenues	$	1,273,866	$	264,204	$	95,055	$	—	$	1,633,125
Cost of revenues (2)		260,941		81,274		78,682		—		420,897
Operating profit		1,012,925		182,930		16,373		—		1,212,228
Selling, general, and administrative (4)		72,701		35,897		13,039		21,712		143,349
Acquisition related adjustments and expenses		6,233		6,907		—		—		13,140
Asset impairment and decommission costs		26,073		1,824		—		2,345		30,242
Depreciation, amortization and accretion		509,108		119,466		3,402		6,213		638,189
Operating income (loss)		398,810		18,836		(68)		(30,270)		387,308
Other expense (principally interest expense
and other expense)								(300,005)		(300,005)
Income before provision for income taxes										87,303
Cash capital expenditures (3)		310,256		102,282		1,955		3,710		418,203



	Domestic Site		Int'l Site		Site		Not Identified
	Leasing		Leasing		Development		by Segment (1)		Total

Assets	(in thousands)
As of December 31, 2018	$	5,035,826	$	2,042,800	$	60,775	$	74,306	$	7,213,707
As of December 31, 2017	$	5,171,190	$	2,028,479	$	49,487	$	71,049	$	7,320,205

(1)Assets not identified by segment consist primarily of general corporate assets.

(2)Excludes depreciation, amortization, and accretion.

(3)Includes cash paid for capital expenditures and acquisitions and vehicle capital lease additions.

(4) International site leasing includes the impact of the $16,498 Oi reserve for the year ended December 31, 2016.

Other than Brazil, no foreign country represented a material amount of the Company’s total revenues in any of the periods presented. For the year ended December 31, 2018, 2017, and 2016, site leasing revenue in Brazil was $221.5 million, 217.4 million, and $178.3 million, respectively. Total long-lived assets in Brazil were $1,031.6 million and $1,278.9 million as of December 31, 2018, and 2017, respectively.