Operating Segments (Tables)

9 Months Ended

Sep. 30, 2011



	Three Months Ended September 30, 2011												Three Months Ended September 30, 2010
	CCUSA			CCAL			Eliminations			Consolidated Total			CCUSA			CCAL			Eliminations			Consolidated Total
Net revenues:
Site rental	$	441,137		$	27,783		$	—		$	468,920		$	414,265		$	22,814		$	—		$	437,079
Network services and other	40,853			4,110			—			44,963			42,544			2,267			—			44,811
Net revenues	481,990			31,893			—			513,883			456,809			25,081			—			481,890
Operating expenses:
Costs of operations:(a)
Site rental	112,843			8,916			—			121,759			108,966			7,267			—			116,233
Network services and other	22,713			2,370			—			25,083			25,192			1,575			—			26,767
General and administrative	37,295			5,627			—			42,922			37,495			3,925			—			41,420
Asset write-down charges	3,165			(75		)	—			3,090			4,325			104			—			4,429
Acquisition and integration costs	617			—			—			617			867			—			—			867
Depreciation, amortization and accretion	130,878			7,645			—			138,523			129,169			7,049			—			136,218
Total operating expenses	307,511			24,483			—			331,994			306,014			19,920			—			325,934
Operating income (loss)	174,479			7,410			—			181,889			150,795			5,161			—			155,956
Interest expense and amortization of deferred financing costs	(127,119		)	(5,755		)	5,755			(127,119		)	(122,905		)	(5,368		)	5,077			(123,196		)
Gains (losses) on purchases and redemptions of debt	—			—			—			—			(71,933		)	—			—			(71,933		)
Net gain (loss) on interest rate swaps	—			—			—			—			(104,421		)	—			—			(104,421		)
Interest and other income (expense)	5,067			126			(5,755		)	(562		)	5,789			135			(5,077		)	847
Benefit (provision) for income taxes	(2,261		)	(564		)	—			(2,825		)	8,096			(499		)	—			7,597
Net income (loss)	50,166			1,217			—			51,383			(134,579		)	(571		)	—			(135,150		)
Less: Net income (loss) attributable to the noncontrolling interest	(141		)	246			—			105			—			(141		)	—			(141		)
Net income (loss) attributable to CCIC stockholders	$	50,307		$	971		$	—		$	51,278		$	(134,579	)	$	(430	)	$	—		$	(135,009	)
Capital expenditures	$	144,129		$	4,296		$	—		$	148,425		$	53,423		$	3,086		$	—		$	56,509

________________


(a)	Exclusive of depreciation, amortization and accretion shown separately.



	Nine Months Ended September 30, 2011												Nine Months Ended September 30, 2010
	CCUSA			CCAL			Eliminations			Consolidated Total			CCUSA			CCAL			Eliminations			Consolidated Total
Net revenues:
Site rental	$	1,301,234		$	80,985		$	—		$	1,382,219		$	1,186,276		$	67,306		$	—		$	1,253,582
Network services and other	118,534			12,505			—			131,039			121,665			7,097			—			128,762
Net revenues	1,419,768			93,490			—			1,513,258			1,307,941			74,403			—			1,382,344
Operating expenses:
Costs of operations:(a)
Site rental	335,421			25,896			—			361,317			324,660			20,793			—			345,453
Network services and other	70,246			7,967			—			78,213			77,984			5,006			—			82,990
General and administrative	113,594			15,331			—			128,925			109,335			12,114			—			121,449
Asset write-down charges	13,452			244			—			13,696			8,461			127			—			8,588
Acquisition and integration costs	1,661			—			—			1,661			1,139			—			—			1,139
Depreciation, amortization and accretion	391,342			22,645			—			413,987			382,418			21,094			—			403,512
Total operating expenses	925,716			72,083			—			997,799			903,997			59,134			—			963,131
Operating income (loss)	494,052			21,407			—			515,459			403,944			15,269			—			419,213
Interest expense and amortization of deferred financing costs	(379,964		)	(17,513		)	17,189			(380,288		)	(363,235		)	(15,380		)	14,293			(364,322		)
Gains (losses) on purchases and redemptions of debt	—			—			—			—			(138,367		)	—			—			(138,367		)
Net gain (loss) on interest rate swaps	—			—			—			—			(292,295		)	—			—			(292,295		)
Interest and other income (expense)	11,937			365			(17,189		)	(4,887		)	15,068			210			(14,293		)	985
Benefit (provision) for income taxes	(6,076		)	(1,687		)	—			(7,763		)	24,025			(1,403		)	—			22,622
Net income (loss)	119,949			2,572			—			122,521			(350,860		)	(1,304		)	—			(352,164		)
Less: Net income (loss) attributable to the noncontrolling interest	(141		)	496			—			355			—			(351		)	—			(351		)
Net income (loss) attributable to CCIC stockholders	$	120,090		$	2,076		$	—		$	122,166		$	(350,860	)	$	(953	)	$	—		$	(351,813	)
Capital expenditures	$	256,455		$	8,660		$	—		$	265,115		$	140,875		$	7,399		$	—		$	148,274

________________


(a)	Exclusive of depreciation, amortization and accretion shown separately.

Reconciliation of Net Income (Loss) to Adjusted EBITDA

The following are reconciliations of net income (loss) to Adjusted EBITDA for the three and nine months ended September 30, 2011 and 2010.



	Three Months Ended September 30, 2011											Three Months Ended September 30, 2010
	CCUSA			CCAL			Eliminations			Consolidated Total		CCUSA			CCAL			Eliminations			Consolidated Total
Net income (loss)	$	50,166		$	1,217		$	—		$	51,383	$	(134,579	)	$	(571	)	$	—		$	(135,150	)
Adjustments to increase (decrease) net income (loss):
Asset write-down charges	3,165			(75		)	—			3,090		4,325			104			—			4,429
Acquisition and integration costs	617			—			—			617		867			—			—			867
Depreciation, amortization and accretion	130,878			7,645			—			138,523		129,169			7,049			—			136,218
Interest expense and amortization of deferred financing costs	127,119			5,755			(5,755		)	127,119		122,905			5,368			(5,077		)	123,196
Gains (losses) on purchases and redemptions of debt	—			—			—			—		71,933			—			—			71,933
Net gain (loss) on interest rate swaps	—			—			—			—		104,421			—			—			104,421
Interest and other income (expense)	(5,067		)	(126		)	5,755			562		(5,789		)	(135		)	5,077			(847		)
Benefit (provision) for income taxes	2,261			564			—			2,825		(8,096		)	499			—			(7,597		)
Stock-based compensation expense	7,683			596			—			8,279		8,042			625			—			8,667
Adjusted EBITDA	$	316,822		$	15,576		$	—		$	332,398	$	293,198		$	12,939		$	—		$	306,137



	Nine Months Ended September 30, 2011											Nine Months Ended September 30, 2010
	CCUSA			CCAL			Eliminations			Consolidated Total		CCUSA			CCAL			Eliminations			Consolidated Total
Net income (loss)	$	119,949		$	2,572		$	—		$	122,521	$	(350,860	)	$	(1,304	)	$	—		$	(352,164	)
Adjustments to increase (decrease) net income (loss):
Asset write-down charges	13,452			244			—			13,696		8,461			127			—			8,588
Acquisition and integration costs	1,661			—			—			1,661		1,139			—			—			1,139
Depreciation, amortization and accretion	391,342			22,645			—			413,987		382,418			21,094			—			403,512
Interest expense and amortization of deferred financing costs	379,964			17,513			(17,189		)	380,288		363,235			15,380			(14,293		)	364,322
Gains (losses) on purchases and redemptions of debt	—			—			—			—		138,367			—			—			138,367
Net gain (loss) on interest rate swaps	—			—			—			—		292,295			—			—			292,295
Interest and other income (expense)	(11,937		)	(365		)	17,189			4,887		(15,068		)	(210		)	14,293			(985		)
Benefit (provision) for income taxes	6,076			1,687			—			7,763		(24,025		)	1,403			—			(22,622		)
Stock-based compensation expense	24,937			1,874			—			26,811		26,185			1,835			—			28,020
Adjusted EBITDA	$	925,444		$	46,170		$	—		$	971,614	$	822,147		$	38,325		$	—		$	860,472

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details