XML 12 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) (USD $)
Share data in Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net revenues:        
Site rental $ 457,103,000 $ 409,631,000 $ 913,299,000 $ 816,503,000
Network services and other 43,233,000 46,496,000 86,076,000 83,951,000
Net revenues 500,336,000 456,127,000 999,375,000 900,454,000
Operating expenses:        
Site rental 121,143,000 [1] 115,465,000 [1] 239,558,000 [1] 229,220,000 [1]
Network services and other 25,906,000 [1] 29,927,000 [1] 53,130,000 [1] 56,223,000 [1]
General and administrative 41,259,000 40,556,000 86,003,000 80,029,000
Asset write-down charges 6,205,000 2,597,000 10,606,000 4,159,000
Acquisition and integration costs 490,000 272,000 1,044,000 272,000
Depreciation, amortization and accretion 138,191,000 134,426,000 275,464,000 267,294,000
Total operating expenses 333,194,000 323,243,000 665,805,000 637,197,000
Operating income (loss) 167,142,000 132,884,000 333,570,000 263,257,000
Interest expense and amortization of deferred financing costs (126,483,000) (120,345,000) (253,169,000) (241,126,000)
Gains (losses) on purchases and redemptions of debt 0 0 0 (66,434,000)
Net gain (loss) on interest rate swaps 0 (114,598,000) 0 (187,874,000)
Interest and other income (expense) (3,890,000) (241,000) (4,325,000) 138,000
Income (loss) before income taxes 36,769,000 (102,300,000) 76,076,000 (232,039,000)
Benefit (provision) for income taxes (5,755,000) 4,686,000 (4,938,000) 15,025,000
Net income (loss) 31,014,000 (97,614,000) 71,138,000 (217,014,000)
Less: Net income (loss) attributable to the noncontrolling interest 143,000 (85,000) 250,000 (210,000)
Net income (loss) attributable to CCIC stockholders 30,871,000 (97,529,000) 70,888,000 (216,804,000)
Dividends on preferred stock (5,202,000) (5,202,000) (10,403,000) (10,403,000)
Net income (loss) attributable to CCIC stockholders after deduction of dividends on preferred stock 25,669,000 (102,731,000) 60,485,000 (227,207,000)
Net income (loss) 31,014,000 (97,614,000) 71,138,000 (217,014,000)
Available-for-sale securities, net of tax of $0, $0, $0 and $0, respectively:        
Unrealized gains (losses) on available-for-sale securities, net of taxes (1,160,000) 184,000 (7,537,000) 1,423,000
Derivative instruments net of taxes of $0, $(866,000), $0, and $(13,215,000), respectively:        
Net change in fair value of cash flow hedging instruments, net of taxes (425,000) (72,613,000) (850,000) (121,546,000)
Amounts reclassified into results of operations, net of taxes 17,959,000 11,484,000 35,848,000 22,680,000
Foreign currency translation adjustments 6,084,000 (14,772,000) 10,154,000 (9,011,000)
Comprehensive income (loss) 53,472,000 (173,331,000) 108,753,000 (323,468,000)
Less: Comprehensive income (loss) attributable to the noncontrolling interest 150,000 (71,000) 633,000 (45,000)
Comprehensive income (loss) attributable to CCIC stockholders $ 53,322,000 $ (173,260,000) $ 108,120,000 $ (323,423,000)
Net income (loss) attributable to CCIC common stockholders, after deduction of dividends on preferred stock, per common share:        
Basic $ 0.09 $ (0.36) $ 0.21 $ (0.79)
Diluted $ 0.09 $ (0.36) $ 0.21 $ (0.79)
Weighted-average common shares outstanding (in thousands):        
Basic 285,280 286,080 286,139 287,266
Diluted 287,026 286,080 288,215 287,266
[1] Exclusive of depreciation, amortization and accretion shown separately.