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Concentration of Credit Risk
9 Months Ended
Sep. 30, 2013
Risks And Uncertainties [Abstract]  
Concentration of Credit Risk
15. CONCENTRATION OF CREDIT RISK

The Company’s credit risks consist primarily of accounts receivable with national, regional, and local wireless service providers and federal and state government agencies. The Company performs periodic credit evaluations of its customers’ financial condition and provides allowances for doubtful accounts, as required, based upon factors surrounding the credit risk of specific customers, historical trends, and other information. The Company generally does not require collateral.

The following is a list of significant customers (representing at least 10% of revenue for the periods reported) and the percentage of total revenue for the specified time periods derived from such customers:

 

     For the three months     For the nine months  
Site Leasing Revenue    ended September 30,     ended September 30,  
     2013     2012     2013     2012  

Sprint (1)

     28.2     24.2     28.5     24.9

AT&T

     22.7     23.0     22.3     23.8

T-Mobile(2)

     16.5     18.0     16.7     16.6

Verizon

     12.3     13.3     12.2     13.7

 

     For the three months     For the nine months  
Site Development Revenue    ended September 30,     ended September 30,  
     2013     2012     2013     2012  

Ericsson, Inc.

     32.2     23.6     38.1     19.7

T-Mobile(2)

     10.5     2.5     7.9     8.3

Alcatel-Lucent

     8.1     8.3     10.1     6.1

Nsoro

     2.1     17.3     3.1     19.9

 

(1) Prior year amounts have been adjusted to reflect the merger of Sprint and Clearwire.
(2) Prior year amounts have been adjusted to reflect the merger of T-Mobile and Metro PCS.

At September 30, 2013, five significant customers comprised 53.9% of total gross accounts receivable compared to five significant customers which comprised 55.5% of total gross accounts receivable at December 31, 2012.