Operating Segments and Concentrations of Credit Risk (Tables)

12 Months Ended

Dec. 31, 2011

Operating Segments and Concentrations of Credit Risk [Abstract]

The financial results for the Company's operating segments are as follows:



	Year Ended December 31, 2011												Year Ended December 31, 2010												Year Ended December 31, 2009
	CCUSA			CCAL			Elim(a)			Consolidated Total			CCUSA			CCAL			Elim(a)			Consolidated Total			CCUSA			CCAL			Elim(a)			Consolidated Total
Net revenues:
Site rental	$	1,744,993		$	108,557		$	—		$	1,853,550		$	1,608,141		$	92,620		$	—		$	1,700,761		$	1,466,552		$	76,640		$	—		$	1,543,192
Network services and other	161,522			17,657			—			179,179			168,101			9,796			—			177,897			134,545			7,670			—			142,215
Net revenues	1,906,515			126,214			—			2,032,729			1,776,242			102,416			—			1,878,658			1,601,097			84,310			—			1,685,407
Operating expenses:
Costs of operations(b):
Site rental	446,868			34,530			—			481,398			437,812			29,324			—			467,136			433,481			23,079			—			456,560
Network services and other	96,057			10,930			—			106,987			107,668			6,573			—			114,241			88,393			4,415			—			92,808
General and administrative	151,737			21,756			—			173,493			148,374			16,982			—			165,356			141,149			11,923			—			153,072
Asset write-down charges	21,986			299			—			22,285			13,243			444			—			13,687			18,611			626			—			19,237
Acquisition and integration costs	3,310			—			—			3,310			2,102			—			—			2,102			—			—			—			—
Depreciation, amortization and accretion	522,681			30,270			—			552,951			513,433			27,338			—			540,771			502,017			27,722			—			529,739
Total operating expenses	1,242,639			97,785			—			1,340,424			1,222,632			80,661			—			1,303,293			1,183,651			67,765			—			1,251,416
Operating income (loss)	663,876			28,429			—			692,305			553,610			21,755			—			575,365			417,446			16,545			—			433,991
Interest expense and amortization of deferred financing costs	(507,264		)	(22,974		)	22,651			(507,587		)	(488,863		)	(21,381		)	19,975			(490,269		)	(443,960		)	(15,403		)	13,481			(445,882		)
Gains (losses) on retirement of long-term obligations	—			—			—			—			(138,367		)	—			—			(138,367		)	(91,079		)	—			—			(91,079		)
Net gain (loss) on interest rate swaps	—			—			—			—			(286,435		)	—			—			(286,435		)	(92,966		)	—			—			(92,966		)
Interest income	187			479			—			666			1,888			316			—			2,204			2,810			157			—			2,967
Other income (expense)	17,048			26			(22,651		)	(5,577		)	19,151			221			(19,975		)	(603		)	14,619			1,308			(13,481		)	2,446
Benefit (provision) for income taxes	(6,126		)	(2,221		)	—			(8,347		)	28,808			(1,962		)	—			26,846			77,718			(1,318		)	—			76,400
Net income (loss)	167,721			3,739			—			171,460			(310,208		)	(1,051		)	—			(311,259		)	(115,412		)	1,289			—			(114,123		)
Less: Net income (loss) attributable to the noncontrolling interest	(348		)	731			—			383			—			(319		)	—			(319		)	—			209			—			209
Net income (loss) attributable to CCIC stockholders	$	168,069		$	3,008		$	—		$	171,077		$	(310,208	)	$	(732	)	$	—		$	(310,940	)	$	(115,412	)	$	1,080		$	—		$	(114,332	)
Capital expenditures	$	333,862		$	14,080		$	—		$	347,942		$	216,556		$	11,502		$	—		$	228,058		$	166,883		$	6,652		$	—		$	173,535
Total assets (at year end)	$	10,497,387		$	341,852		$	(294,143	)	$	10,545,096		$	10,439,827		$	339,093		$	(309,391	)	$	10,469,529
Goodwill	$	2,034,683		$	707		$	—		$	2,035,390		$	2,028,590		$	706		$	—		$	2,029,296

____________________


(a)	Elimination of inter-company borrowings and related interest expense.


(b)	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 years ended December 31, 2011, 2010 and 2009:



	Year Ended December 31, 2011												Year Ended December 31, 2010												Year Ended December 31, 2009
	CCUSA			CCAL			Elim(a)			Consolidated Total			CCUSA			CCAL			Elim(a)			Consolidated Total			CCUSA			CCAL			Elim(a)			Consolidated Total
Net income (loss)	$	167,721		$	3,739		$	—		$	171,460		$	(310,208	)	$	(1,051	)	$	—		$	(311,259	)	$	(115,412	)	$	1,289		$	—		$	(114,123	)
Adjustments to increase (decrease) net income (loss):
Asset write-down charges	21,986			299			—			22,285			13,243			444			—			13,687			18,611			626			—			19,237
Acquisition and integration costs	3,310			—			—			3,310			2,102			—			—			2,102			—			—			—			—
Depreciation, amortization and accretion	522,681			30,270			—			552,951			513,433			27,338			—			540,771			502,017			27,722			—			529,739
Interest expense and amortization of deferred financing costs	507,264			22,974			(22,651		)	507,587			488,863			21,381			(19,975		)	490,269			443,960			15,403			(13,481		)	445,882
Gains (losses) on retirement of long-term obligations	—			—			—			—			138,367			—			—			138,367			91,079			—			—			91,079
Net gain (loss) on interest rate swaps	—			—			—			—			286,435			—			—			286,435			92,966			—			—			92,966
Interest income	(187		)	(479		)	—			(666		)	(1,888		)	(316		)	—			(2,204		)	(2,810		)	(157		)	—			(2,967		)
Other income (expense)	(17,048		)	(26		)	22,651			5,577			(19,151		)	(221		)	19,975			603			(14,619		)	(1,308		)	13,481			(2,446		)
Benefit (provision) for income taxes	6,126			2,221			—			8,347			(28,808		)	1,962			—			(26,846		)	(77,718		)	1,318			—			(76,400		)
Stock-based compensation expense	32,610			3,381			—			35,991			36,540			3,425			—			39,965			29,225			1,080			—			30,305
Adjusted EBITDA	$	1,244,463		$	62,379		$	—		$	1,306,842		$	1,118,928		$	52,962		$	—		$	1,171,890		$	967,299		$	45,973		$	—		$	1,013,272

____________________


(a)	Elimination of inter-company borrowings and related interest expense.

Summary of Net Revenue by Country

A summary of net revenues by country, based on the location of the Company's subsidiaries, is as follows:



	Years Ended December 31,
	2011		2010		2009
United States	$	1,902,536	$	1,772,793	$	1,597,790
Australia	126,214		102,416		84,310
Other countries	3,979		3,449		3,307
Total net revenues	$	2,032,729	$	1,878,658	$	1,685,407

Summary of Long-Lived Assets by Country of Location

A summary of long-lived assets (property and equipment, goodwill and other intangible assets) by country of location is as follows:



	December 31,
	2011		2010
United States	$	8,847,161	$	8,997,016
Australia	212,067		222,938
Other countries	15,571		16,922
Total long-lived assets	$	9,074,799	$	9,236,876

A Summary of the Percentage of the Consolidated Revenues for Those Customers Accounting for More than 10% of the Consolidated Revenues

The following table summarizes the percentage of the consolidated revenues for those customers accounting for more than 10% of the consolidated revenues, all of which relates to CCUSA.



	Years Ended December 31,
	2011		2010		2009
AT&T	23	%	21	%	20	%
Sprint	21	%	20	%	22	%
Verizon Wireless	19	%	21	%	19	%
T-Mobile	11	%	11	%	13	%
Total	74	%	73	%	74	%

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

+ References+ Details

- 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