Operating Segments (Tables)

9 Months Ended

Sep. 30, 2014



	Nine Months Ended September 30, 2014												Nine Months Ended September 30, 2013
	CCUSA			CCAL			Eliminations			Consolidated Total			CCUSA			CCAL			Eliminations			Consolidated Total
Net revenues:
Site rental	$	2,143,198		$	102,197		$	—		$	2,245,395		$	1,754,266		$	98,764		$	—		$	1,853,030
Network services and other	469,690			7,235			—			476,925			352,982			17,953			—			370,935
Net revenues	2,612,888			109,432			—			2,722,320			2,107,248			116,717			—			2,223,965
Operating expenses:
Costs of operations^(a):
Site rental	676,275			29,902			—			706,177			509,617			28,970			—			538,587
Network services and other	275,514			3,830			—			279,344			215,812			13,762			—			229,574
General and administrative	187,171			18,226			—			205,397			154,098			17,441			—			171,539
Asset write-down charges	10,673			471			—			11,144			9,633			1,072			—			10,705
Acquisition and integration costs	28,852			72			—			28,924			12,875			311			—			13,186
Depreciation, amortization and accretion	738,965			20,323			—			759,288			548,951			23,567			—			572,518
Total operating expenses	1,917,450			72,824			—			1,990,274			1,450,986			85,123			—			1,536,109
Operating income (loss)	695,438			36,608			—			732,046			656,262			31,594			—			687,856
Interest expense and amortization of deferred financing costs	(432,221		)	(11,475		)	11,475			(432,221		)	(446,641		)	(12,710		)	12,710			(446,641		)
Gains (losses) on retirement of long-term obligations	(44,629		)	—			—			(44,629		)	(36,487		)	—			—			(36,487		)
Interest income	329			225			—			554			592			269			—			861
Other income (expense)	2,125			(127		)	(11,475		)	(9,477		)	11,922			35			(12,710		)	(753		)
Benefit (provision) for income taxes	8,118			(8,204		)	—			(86		)	(82,455		)	(5,799		)	—			(88,254		)
Net income (loss)	229,160			17,027			—			246,187			103,193			13,389			—			116,582
Less: net income (loss) attributable to the noncontrolling interest	—			3,744			—			3,744			—			2,925			—			2,925
Net income (loss) attributable to CCIC stockholders	$	229,160		$	13,283		$	—		$	242,443		$	103,193		$	10,464		$	—		$	113,657
Capital expenditures	$	498,960		$	14,592		$	—		$	513,552		$	373,653		$	11,829		$	—		$	385,482

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



	Three Months Ended September 30, 2014												Three Months Ended September 30, 2013
	CCUSA			CCAL			Eliminations			Consolidated Total			CCUSA			CCAL			Eliminations			Consolidated Total
Net revenues:
Site rental	$	717,623		$	34,270		$	—		$	751,893		$	589,415		$	31,351		$	—		$	620,766
Network services and other	175,260			2,872			—			178,132			122,063			6,148			—			128,211
Net revenues	892,883			37,142			—			930,025			711,478			37,499			—			748,977
Operating expenses:
Costs of operations^(a):
Site rental	230,599			10,511			—			241,110			172,791			9,175			—			181,966
Network services and other	101,814			1,209			—			103,023			77,929			4,069			—			81,998
General and administrative	65,212			6,183			—			71,395			52,312			6,192			—			58,504
Asset write-down charges	4,932			343			—			5,275			3,022			871			—			3,893
Acquisition and integration costs	4,068			—			—			4,068			4,243			126			—			4,369
Depreciation, amortization and accretion	247,206			7,656			—			254,862			186,521			8,887			—			195,408
Total operating expenses	653,831			25,902			—			679,733			496,818			29,320			—			526,138
Operating income (loss)	239,052			11,240			—			250,292			214,660			8,179			—			222,839
Interest expense and amortization of deferred financing costs	(141,287		)	(3,862		)	3,862			(141,287		)	(142,016		)	(3,949		)	3,949			(142,016		)
Gains (losses) on retirement of long-term obligations	—			—			—			—			(1		)	—			—			(1		)
Interest income	107			85			—			192			144			92			—			236
Other income (expense)	3,168			16			(3,862		)	(678		)	3,295			23			(3,949		)	(631		)
Benefit (provision) for income taxes	1,977			(2,459		)	—			(482		)	(32,538		)	(1,421		)	—			(33,959		)
Net income (loss)	103,017			5,020			—			108,037			43,544			2,924			—			46,468
Less: net income (loss) attributable to the noncontrolling interest	—			1,100			—			1,100			—			632			—			632
Net income (loss) attributable to CCIC stockholders	$	103,017		$	3,920		$	—		$	106,937		$	43,544		$	2,292		$	—		$	45,836
Capital expenditures	$	199,662		$	4,150		$	—		$	203,812		$	125,941		$	4,722		$	—		$	130,663

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

Reconciliation of Net Income (Loss) to Adjusted EBITDA



	Nine Months Ended September 30, 2014												Nine Months Ended September 30, 2013
	CCUSA			CCAL			Eliminations			Consolidated Total			CCUSA			CCAL			Eliminations			Consolidated Total
Net income (loss)	$	229,160		$	17,027		$	—		$	246,187		$	103,193		$	13,389		$	—		$	116,582
Adjustments to increase (decrease) net income (loss):
Asset write-down charges	10,673			471			—			11,144			9,633			1,072			—			10,705
Acquisition and integration costs	28,852			72			—			28,924			12,875			311			—			13,186
Depreciation, amortization and accretion	738,965			20,323			—			759,288			548,951			23,567			—			572,518
Amortization of prepaid lease purchase price adjustments	14,546			—			—			14,546			11,595			—			—			11,595
Interest expense and amortization of deferred financing costs	432,221			11,475			(11,475		)	432,221			446,641			12,710			(12,710		)	446,641
Gains (losses) on retirement of long-term obligations	44,629			—			—			44,629			36,487			—			—			36,487
Interest income	(329		)	(225		)	—			(554		)	(592		)	(269		)	—			(861		)
Other income (expense)	(2,125		)	127			11,475			9,477			(11,922		)	(35		)	12,710			753
Benefit (provision) for income taxes	(8,118		)	8,204			—			86			82,455			5,799			—			88,254
Stock-based compensation expense	43,199			1,421			—			44,620			29,335			550			—			29,885
Adjusted EBITDA^(a)	$	1,531,673		$	58,895		$	—		$	1,590,568		$	1,268,651		$	57,094		$	—		$	1,325,745

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(a)	The above reconciliation excludes line items included in the Company's Adjusted EBITDA definition for which there is no activity for the periods shown.



	Three Months Ended September 30, 2014												Three Months Ended September 30, 2013
	CCUSA			CCAL			Eliminations			Consolidated Total			CCUSA			CCAL			Eliminations			Consolidated Total
Net income (loss)	$	103,017		$	5,020		$	—		$	108,037		$	43,544		$	2,924		$	—		$	46,468
Adjustments to increase (decrease) net income (loss):
Asset write-down charges	4,932			343			—			5,275			3,022			871			—			3,893
Acquisition and integration costs	4,068			—			—			4,068			4,243			126			—			4,369
Depreciation, amortization and accretion	247,206			7,656			—			254,862			186,521			8,887			—			195,408
Amortization of prepaid lease purchase price adjustments	4,988			—			—			4,988			3,870			—			—			3,870
Interest expense and amortization of deferred financing costs	141,287			3,862			(3,862		)	141,287			142,016			3,949			(3,949		)	142,016
Gains (losses) on retirement of long-term obligations	—			—			—			—			1			—			—			1
Interest income	(107		)	(85		)	—			(192		)	(144		)	(92		)	—			(236		)
Other income (expense)	(3,168		)	(16		)	3,862			678			(3,295		)	(23		)	3,949			631
Benefit (provision) for income taxes	(1,977		)	2,459			—			482			32,538			1,421			—			33,959
Stock-based compensation expense	13,358			112			—			13,470			9,862			316			—			10,178
Adjusted EBITDA^(a)	$	513,604		$	19,351		$	—		$	532,955		$	422,178		$	18,379		$	—		$	440,557

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(a)	The above reconciliation excludes line items included in the Company's Adjusted EBITDA definition for which there is no activity for the periods shown.

- 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.

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