Segment Data (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Segment Reporting Information



	Domestic Site		Int'l Site		Site
	Leasing		Leasing ⁽⁴⁾		Development		Other		Total

For the three months ended March 31, 2022	(in thousands)
Revenues	$	432,986	$	126,446	$	60,338	$	—	$	619,770
Cost of revenues ⁽¹⁾		65,804		41,351		45,773		—		152,928
Operating profit		367,182		85,095		14,565		—		466,842
Selling, general, and administrative expenses		23,373		15,494		5,522		17,735		62,124
Acquisition and new business initiatives
related adjustments and expenses		3,599		1,505		—		—		5,104
Asset impairment and decommission costs		5,483		3,029		—		—		8,512
Depreciation, amortization and accretion		123,133		48,881		588		1,721		174,323
Operating income (loss)		211,594		16,186		8,455		(19,456)		216,779
Other expense (principally interest
expense and other expense)								12,004		12,004
Income before income taxes										228,783
Cash capital expenditures ⁽²⁾		39,545		211,771		966		1,581		253,863

For the three months ended March 31, 2021
Revenues	$	403,579	$	101,524	$	43,636	$	—	$	548,739
Cost of revenues ⁽¹⁾		65,120		30,248		34,406		—		129,774
Operating profit		338,459		71,276		9,230		—		418,965
Selling, general, and administrative expenses		28,056		7,760		5,789		9,996		51,601
Acquisition and new business initiatives
related adjustments and expenses		3,332		1,669		—		—		5,001
Asset impairment and decommission costs		3,871		1,032		—		—		4,903
Depreciation, amortization and accretion		137,054		43,121		2,082		1,624		183,881
Operating income (loss)		166,146		17,694		1,359		(11,620)		173,579
Other expense (principally interest
expense and other expense)								(206,246)		(206,246)
Loss before income taxes										(32,667)
Cash capital expenditures ⁽²⁾		1,059,678		16,947		870		750		1,078,245



	Domestic Site		Int'l Site		Site
	Leasing		Leasing ⁽⁴⁾		Development		Other ⁽³⁾		Total

Assets	(in thousands)
As of March 31, 2022	$	6,522,827	$	3,222,276	$	100,594	$	296,403	$	10,142,100
As of December 31, 2021	$	6,628,156	$	2,870,503	$	87,410	$	215,630	$	9,801,699

(1)Excludes depreciation, amortization, and accretion.

(2)Includes cash paid for capital expenditures, acquisitions, and right-of-use assets.

(3)Assets in Other consist primarily of general corporate assets and short-term investments.

(4)For the three months ended March 31, 2022 and 2021, site leasing revenue in Brazil was $65.2 million and $55.4 million, respectively. Other than Brazil, no foreign country represented a material amount of the Company’s total revenues in any of the periods presented. Total long-lived assets in Brazil were $1.0 billion and $0.9 billion as of March 31, 2022 and December 31, 2021, respectively.