Acquisitions Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

The unaudited pro forma financial results for the years ended December 31, 2017 and 2016 combine the historical results of the Company, along with the historical results of the 2017 Acquisitions for the respective periods. The following table presents the unaudited pro forma consolidated results of operations of the Company as if each acquisition was completed as of January 1, 2016 for the periods presented below. The unaudited pro forma amounts are presented for illustrative purposes only and are not necessarily indicative of future consolidated results of operations.

	Twelve Months Ended December 31,
	2017				2016
Net revenues	$	5,050,166			$	4,864,852
Income (loss) before income taxes	541,389			(b)(c)	367,326			(b)(c)(d)
Benefit (provision) for income taxes	(28,960		)	(a)	(20,968		)	(a)
Net income (loss)	$	512,429		(b)(c)	$	346,358		(b)(c)(d)
Basic net income (loss) attributable to CCIC common stockholders, per common share	$	0.89		(c)(e)	$	0.51		(c)(e)
Diluted net income (loss) attributable to CCIC common stockholders, per common share	$	0.88		(c)(e)	$	0.51		(c)(e)

(a) For the years ended December 31, 2017 and 2016, amounts are inclusive of pro forma adjustments to the benefit (provision) for income tax as a result of the Company's REIT status. The vast majority of the assets and related income from the FiberNet Acquisition, the Wilcon Acquisition, and the Lightower Acquisition are included in the Company's REIT. The remaining assets are included in the Company's TRS. For purposes of the unaudited pro forma financial results, an adjustment has been made to reflect the additional tax impact of the income related to the TRS assets.

(b) For the years ended December 31, 2017 and 2016, amounts are inclusive of pro forma adjustments to depreciation and amortization of$247.1 million and$315.9 million, respectively, related to property and equipment and intangibles recorded as a result of the 2017 Acquisitions.

(c) Pro forma amounts include the impact of the interest expense and common stock share issuances associated with the related debt and equity financings for the 2017 Acquisitions (see above and notes 8 and 12).

(d) Amounts are inclusive of a total of $120 million of Lightower stock-based compensation expense and acquisition and integration costs.

(e) Pro forma amounts include the impact of the preferred stock dividends related to the Mandatory Convertible Preferred Stock Offering (as defined in note 12) for the Lightower Acquisition (see above and note 12).

Sunesys [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The final purchase price allocation for the Sunesys Acquisition is shown below.

Final Purchase Price Allocation
Current assets	$	15,306
Property and equipment	444,394
Goodwill(a)	331,775
Other intangible assets, net	254,079
Current liabilities	(20,233		)
Other non-current liabilities	(37,356		)
Net assets acquired(b)	$	987,965

(a) The final purchase price allocation for the Sunesys Acquisition resulted in the recognition of goodwill based on the Company's expectation to leverage the Sunesys fiber footprint to support new small cells. The Sunesys fiber is complementary to the Company's existing fiber assets and is located where the Company expects to see wireless carrier network investments.

(b) Assets acquired in the Sunesys Acquisition are included in the Company's REIT and as such, no deferred taxes were recorded in connection with the Sunesys Acquisition.

Lightower Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The preliminary purchase price allocation for the Lightower Acquisition is shown below and is based upon a preliminary valuation which is subject to change as the Company obtains additional information with respect to fixed assets, intangible assets and certain liabilities.

Preliminary Purchase Price Allocation
Current assets	$	104,643
Property and equipment	2,197,466
Goodwill(a)	3,116,010
Other intangible assets, net(b)	2,177,090
Other non-current assets	28,834
Current liabilities	(172,399		)
Other non-current liabilities	(299,667		)
Net assets acquired(c)	$	7,151,977

(a) The preliminary purchase price allocation for the Lightower Acquisition resulted in the recognition of goodwill based on:

• the Company's expectation to leverage the Lightower fiber footprint to support new small cells and fiber solutions,

• the complementary nature of the Lightower fiber to the Company's existing fiber assets and its location where the Company expects to see wireless carrier network investments,

• the Company's belief that the acquired fiber assets are well-positioned to benefit from the continued growth trends in the demand for data, and

• other intangibles not qualified for separate recognition, including the assembled workforce.

(b) Predominantly comprised of site rental contracts and customer relationships.

(c) The vast majority of the assets will be included in the Company's REIT. As such, no deferred taxes were recorded in connection with the Lightower Acquisition

FiberNet Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The preliminary purchase price allocation for the FiberNet Acquisition is shown below and is based upon a preliminary valuation which is subject to change as the Company obtains additional information with respect to fixed assets, intangible assets and certain liabilities.

Preliminary Purchase Price Allocation
Current assets	$	52,274
Property and equipment	438,478
Goodwill(a)	777,563
Other intangible assets, net(b)	327,338
Other non-current assets	2,449
Current liabilities	(41,120		)
Other non-current liabilities	(36,152		)
Net assets acquired(c)	$	1,520,830

(a) The preliminary purchase price allocation for the FiberNet Acquisition resulted in the recognition of goodwill based on:

• the Company's expectation to leverage the FiberNet fiber footprint to support new small cells and fiber solutions,

• the complementary nature of the FiberNet fiber to the Company's existing fiber assets and its location in top metro markets where the Company expects to see wireless carrier network investments,

• the Company's belief that the acquired fiber assets are well-positioned to benefit from the continued growth trends in the demand for data, and

• other intangibles not qualified for separate recognition, including the assembled workforce.

(b) Predominantly comprised of site rental contracts and customer relationships.

(c) The vast majority of the assets will be included in the Company's REIT. As such, no deferred taxes were recorded in connection with the FiberNet Acquisition.