Operating Segments (Tables)

3 Months Ended

Mar. 31, 2012

Operating Segments

Financial Results of Operating Segments

	Three Months Ended March 31, 2012												Three Months Ended March 31, 2011
	CCUSA			CCAL			Eliminations			Consolidated Total			CCUSA			CCAL			Eliminations			Consolidated Total
Net revenues:
Site rental	$	468,119		$	29,410		$	—		$	497,529		$	430,643		$	25,553		$	—		$	456,196
Network services and other	46,968			7,248			—			54,216			37,664			5,179			—			42,843
Net revenues	515,087			36,658			—			551,745			468,307			30,732			—			499,039
Operating expenses:
Costs of operations:(a)
Site rental	113,944			8,927			—			122,871			110,425			7,990			—			118,415
Network services and other	26,802			4,719			—			31,521			23,957			3,267			—			27,224
General and administrative	43,653			7,348			—			51,001			39,597			5,147			—			44,744
Asset write-down charges	3,033			11			—			3,044			4,357			44			—			4,401
Acquisition and integration costs	1,652			28			—			1,680			554			—			—			554
Depreciation, amortization and accretion	131,641			7,759			—			139,400			129,976			7,297			—			137,273
Total operating expenses	320,725			28,792			—			349,517			308,866			23,745			—			332,611
Operating income (loss)	194,362			7,866			—			202,228			159,441			6,987			—			166,428
Interest expense and amortization of deferred financing costs	(137,459		)	(5,337		)	5,324			(137,472		)	(126,361		)	(5,942		)	5,617			(126,686		)
Gains (losses) on retirement of long-term obligations	(7,068		)	—			—			(7,068		)	—			—			—			—
Interest income	197			157			—			354			70			101			—			171
Other income (expense)	4,287			(40		)	(5,324		)	(1,077		)	5,013			(2		)	(5,617		)	(606		)
Benefit (provision) for income taxes	(6,174		)	(521		)	—			(6,695		)	1,369			(552		)	—			817
Net income (loss)	48,145			2,125			—			50,270			39,532			592			—			40,124
Less: Net income (loss) attributable to the noncontrolling interest	(210		)	449			—			239			—			107			—			107
Net income (loss) attributable to CCIC stockholders	$	48,355		$	1,676		$	—		$	50,031		$	39,532		$	485		$	—		$	40,017
Capital expenditures	$	62,214		$	2,838		$	—		$	65,052		$	51,246		$	1,404		$	—		$	52,650

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(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 months ended March 31, 2012 and 2011.

	Three Months Ended March 31, 2012												Three Months Ended March 31, 2011
	CCUSA			CCAL			Eliminations			Consolidated Total			CCUSA			CCAL			Eliminations			Consolidated Total
Net income (loss)	$	48,145		$	2,125		$	—		$	50,270		$	39,532		$	592		$	—		$	40,124
Adjustments to increase (decrease) net income (loss):
Asset write-down charges	3,033			11			—			3,044			4,357			44			—			4,401
Acquisition and integration costs	1,652			28			—			1,680			554			—			—			554
Depreciation, amortization and accretion	131,641			7,759			—			139,400			129,976			7,297			—			137,273
Amortization of prepaid lease purchase price adjustments	2,550			—			—			2,550			—			—			—			—
Interest expense and amortization of deferred financing costs	137,459			5,337			(5,324		)	137,472			126,361			5,942			(5,617		)	126,686
Gains (losses) on retirement of long-term obligations	7,068			—			—			7,068			—			—			—			—
Interest income	(197		)	(157		)	—			(354		)	(70		)	(101		)	—			(171		)
Other income (expense)	(4,287		)	40			5,324			1,077			(5,013		)	2			5,617			606
Benefit (provision) for income taxes	6,174			521			—			6,695			(1,369		)	552			—			(817		)
Stock-based compensation expense	9,035			2,123			—			11,158			9,496			1,169			—			10,665
Adjusted EBITDA	$	342,273		$	17,787		$	—		$	360,060		$	303,824		$	15,497		$	—		$	319,321