XML 17 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net revenues:        
Site Rental $ 1,728 $ 1,567 $ 3,352 $ 3,143
Services and other 139 167 288 333
Net Revenues 1,867 1,734 3,640 3,476
Operating expenses:        
Site rental [1] 424 402 839 798
Services and other [1] 98 112 202 225
Selling, general and administrative 210 190 405 371
Asset write-down charges 22 9 22 23
Acquisition and integration costs 1 1 1 1
Depreciation, amortization and accretion 445 427 876 847
Total operating expenses 1,200 1,141 2,345 2,265
Operating income (loss) 667 593 1,295 1,211
Interest expense and amortization of deferred financing costs, net (208) (165) (410) (329)
Gains (losses) on retirement of long-term obligations 0 0 0 (26)
Interest income 5 0 7 1
Other income (expense) (2) (2) (4) (4)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 462 426 888 853
Benefit (provision) for income taxes (7) (5) (14) (11)
Net Income (Loss) Attributable to Parent 455 421 874 842
Foreign currency translation adjustments (1) [2] (2) 0 1
Total other comprehensive income (loss) [2] $ 1 $ (2) $ 0 $ (1)
Weighted-average common shares outstanding, basic 434 433 433 433
Weighted-average common shares outstanding, diluted 434 434 434 434
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 456 $ 419 $ 874 $ 841
Earnings Per Share, Basic $ 1.05 $ 0.97 $ 2.02 $ 1.95
Earnings Per Share, Diluted $ 1.05 $ 0.97 $ 2.01 $ 1.94
[1] Exclusive of depreciation, amortization and accretion shown separately.
[2] See the condensed consolidated statement of operations and other comprehensive income (loss) for the components of other comprehensive income (loss).