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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Site leasing $ 452,183 $ 430,542
Site development 41,110 27,760
Total revenues 493,293 458,302
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):    
Cost of site leasing 92,714 92,817
Cost of site development 31,101 22,520
Selling, general, and administrative [1],[2] 50,959 36,049
Acquisition and new business initiatives related adjustments and expenses 2,437 3,044
Asset impairment and decommission costs 5,771 8,506
Depreciation, accretion, and amortization 171,038 165,398
Total operating expenses 354,020 328,334
Operating income 139,273 129,968
Other income (expense):    
Interest income 1,800 1,295
Interest expense (98,667) (88,923)
Non-cash interest expense (641) (733)
Amortization of deferred financing fees (5,061) (5,388)
Loss from extinguishment of debt, net   (645)
Other income (expense), net (508) 4,553
Total other expense, net (103,077) (89,841)
Income before income taxes 36,196 40,127
Provision for income taxes (10,207) (8,582)
Net income $ 25,989 $ 31,545
Net income per common share    
Basic $ 0.23 $ 0.27
Diluted $ 0.23 $ 0.27
Weighted average number of common shares    
Basic 112,708 116,494
Diluted 114,344 118,293
[1] Includes non-cash compensation of $22,605 and $9,893 for the three months ended March 31, 2019 and 2018, respectively.
[2] Includes the impact of a partial recovery of $2.3 million of Oi prepetition obligations received during the three months ended March 31, 2019.