Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 1-May-14 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Entity Registrant Name | 'SBA Communications Corp | ' |
Entity Central Index Key | '0001034054 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 128,806,508 |
Trading Symbol | 'SBAC | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $322,914 | $122,112 |
Restricted cash | 35,220 | 47,305 |
Short-term investments | 5,054 | 5,446 |
Accounts receivable, net of allowance of $827 and $686 at March 31, 2014 and December 31, 2013, respectively | 68,102 | 71,339 |
Costs and estimated earnings in excess of billings on uncompleted contracts | 22,114 | 27,864 |
Prepaid and other current assets | 62,724 | 69,586 |
Total current assets | 516,128 | 343,652 |
Property and equipment, net | 2,693,015 | 2,578,444 |
Intangible assets, net | 4,081,286 | 3,387,198 |
Deferred financing fees, net | 80,578 | 73,042 |
Other assets | 420,335 | 400,852 |
Total assets | 7,791,342 | 6,783,188 |
Current Liabilities: | ' | ' |
Accounts payable | 26,310 | 24,302 |
Accrued expenses | 79,639 | 86,131 |
Current maturities of long-term debt | 503,776 | 481,886 |
Deferred revenue | 89,915 | 94,658 |
Accrued interest | 42,205 | 46,689 |
Other current liabilities | 14,934 | 14,007 |
Total current liabilities | 756,779 | 747,673 |
Long-term liabilities: | ' | ' |
Long-term debt | 6,365,982 | 5,394,721 |
Other long-term liabilities | 272,393 | 283,828 |
Total long-term liabilities | 6,638,375 | 5,678,549 |
Shareholders' equity: | ' | ' |
Preferred stock - par value $.01, 30,000 shares authorized, no shares issued or outstanding | ' | ' |
Common stock - Class A, par value $.01, 400,000 shares authorized 128,788 and 128,432 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively | 1,288 | 1,284 |
Additional paid in capital | 2,912,250 | 2,907,446 |
Accumulated deficit | -2,516,678 | -2,518,085 |
Accumulated other comprehensive loss, net | -672 | -33,679 |
Total shareholders' equity | 396,188 | 356,966 |
Total liabilities and shareholders' equity | $7,791,342 | $6,783,188 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Accounts receivable, allowance | $827 | $686 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 30,000,000 | 30,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Class A Common Stock [Member] | ' | ' |
Common stock - Class A, par value | $0.01 | $0.01 |
Common stock - Class A, shares authorized | 400,000,000 | 400,000,000 |
Common stock - Class A, shares issued | 128,788,000 | 128,432,000 |
Common stock - Class A, shares outstanding | 128,788,000 | 128,432,000 |
Consolidated_Statements_Of_Ope
Consolidated Statements Of Operations (USD $) | 3 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | ||
Revenues: | ' | ' | ||
Site leasing | $309,320 | $273,504 | ||
Site development | 36,230 | 39,567 | ||
Total revenues | 345,550 | 313,071 | ||
Operating expenses: | ' | ' | ||
Cost of site leasing | 69,740 | 68,101 | ||
Cost of site development | 27,427 | 32,594 | ||
Selling, general, and administrative | 24,676 | [1] | 20,431 | [1] |
Acquisition related expenses | 8,561 | 5,822 | ||
Asset impairment and decommission costs | 3,568 | 3,722 | ||
Depreciation, accretion, and amortization | 144,442 | 125,636 | ||
Total operating expenses | 278,414 | 256,306 | ||
Operating income | 67,136 | 56,765 | ||
Other income (expense): | ' | ' | ||
Interest income | 86 | 641 | ||
Interest expense | -66,027 | -59,465 | ||
Non-cash interest expense | -10,304 | -17,364 | ||
Amortization of deferred financing fees | -4,237 | -3,604 | ||
Loss from extinguishment of debt, net | -1,951 | -142 | ||
Other income, net | 18,390 | 152 | ||
Total other expense | -64,043 | -79,782 | ||
Income (loss) before provision for income taxes | 3,093 | -23,017 | ||
Benefit (provision) for income taxes | -1,686 | 641 | ||
Net income (loss) | $1,407 | ($22,376) | ||
Income (loss) per common share | ' | ' | ||
Basic | $0.01 | ($0.18) | ||
Diluted | $0.01 | ($0.18) | ||
Weighted average number of common shares | ' | ' | ||
Basic | 128,560 | 127,057 | ||
Diluted | 138,356 | 127,057 | ||
[1] | Includes non-cash compensation of $4,541 and $3,817 for the three months ended March 31, 2014 and 2013, respectively. |
Consolidated_Statements_Of_Ope1
Consolidated Statements Of Operations (Parenthetical) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Non-cash compensation expense | $4,618 | $3,874 |
Selling, General And Administrative Expenses [Member] | ' | ' |
Non-cash compensation expense | $4,541 | $3,817 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (Loss) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Consolidated Statements Of Comprehensive Income (Loss) [Abstract] | ' | ' |
Net income (loss) | $1,407 | ($22,376) |
Foreign currency translation adjustments | 33,007 | 1,554 |
Comprehensive income ( loss) | $34,414 | ($20,822) |
Consolidated_Statements_Of_Sha
Consolidated Statements Of Shareholders' Equity (USD $) | Class A Common Stock [Member] | Additional Paid-In Capital [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive (Loss) Income [Member] | Shares - Hedge [Member] | Total |
In Thousands | Shares - Hedge [Member] | ||||||
BALANCE, Amount at Dec. 31, 2013 | $1,284 | ' | $2,907,446 | ($2,518,085) | ($33,679) | ' | $356,966 |
BALANCE, Shares at Dec. 31, 2013 | 128,432 | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | 1,407 | ' | ' | 1,407 |
Common stock issued in connection with stock purchase/option plans, Amount | 4 | ' | 85 | ' | ' | ' | 89 |
Common stock issued in connection with stock purchase/option plans, Shares | 355 | ' | ' | ' | ' | ' | ' |
Non-cash compensation | ' | ' | 4,684 | ' | ' | ' | 4,684 |
Settlement of convertible notes, Amount | ' | ' | 34 | ' | ' | ' | 34 |
Settlement of convertible notes, Shares | 1 | ' | ' | ' | ' | ' | ' |
Settlement of convertible note hedges, Amount | ' | 1 | ' | ' | ' | 1 | ' |
Foreign currency translation adjustments | ' | ' | ' | ' | 33,007 | ' | 33,007 |
BALANCE, Amount at Mar. 31, 2014 | $1,288 | ' | $2,912,250 | ($2,516,678) | ($672) | ' | $396,188 |
BALANCE, Shares at Mar. 31, 2014 | 128,788 | ' | ' | ' | ' | ' | ' |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income (loss) | $1,407 | ($22,376) |
Adjustments to reconcile net income ( loss) to net cash provided by operating activities: | ' | ' |
Depreciation, accretion, and amortization | 144,442 | 125,636 |
Non-cash interest expense | 10,304 | 17,364 |
Deferred income tax expense (benefit) | 474 | -1,802 |
Non-cash asset impairment and decommission costs | 3,213 | 2,892 |
Non-cash compensation expense | 4,618 | 3,874 |
Amortization of deferred financing fees | 4,237 | 3,604 |
Loss from extinguishment of debt, net | 1,951 | 142 |
Other non-cash items reflected in the Statements of Operations | -297 | 166 |
Changes in operating assets and liabilities, net of acquisitions: | ' | ' |
Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net | 8,644 | -13,688 |
Prepaid and other assets | 1,196 | -18,434 |
Accounts payable and accrued expenses | 657 | -400 |
Accrued interest | -4,485 | -2,094 |
Other liabilities | 2,604 | -656 |
Net cash provided by operating activities | 178,965 | 94,228 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Acquisitions and related earn-outs | -933,110 | -209,542 |
Capital expenditures | -32,238 | -36,423 |
Other investing activities | 444 | 1,308 |
Net cash used in investing activities | -964,904 | -244,657 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Borrowings under Revolving Credit Facility | 175,000 | ' |
Repayments under Revolving Credit Facility | -390,000 | ' |
Repayment of Term Loans | -293,000 | -4,500 |
Proceeds from employee stock purchase/stock option plans | 89 | 4,325 |
Proceeds from Term Loans, net of fees | 1,483,470 | ' |
Proceeds from settlement of convertible note hedges | 1 | 45,230 |
Repayments of BNDES loans | -6,105 | ' |
Payment of deferred financing fees | -676 | -851 |
Payment for purchase of noncontrolling interests | ' | -6,008 |
Other financing activities | -19 | -395 |
Net cash provided by financing activities | 968,760 | 37,801 |
Effect of exchange rate changes on cash and cash equivalents | 17,981 | 1,759 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 200,802 | -110,869 |
CASH AND CASH EQUIVALENTS: | ' | ' |
Beginning of period | 122,112 | 233,099 |
End of period | 322,914 | 122,230 |
Cash paid during the period for: | ' | ' |
Interest | 70,324 | 61,627 |
Income taxes | 1,951 | 1,653 |
SUPPLEMENTAL CASH FLOW INFORMATION OF NON-CASH ACTIVITIES: | ' | ' |
Assets acquired through capital leases | 115 | 436 |
Issuance of stock for conversion of debt, hedges, and warrants | $34 | $5,308 |
Basis_Of_Presentation
Basis Of Presentation | 3 Months Ended |
Mar. 31, 2014 | |
Basis Of Presentation [Abstract] | ' |
Basis of Presentation | ' |
1.BASIS OF PRESENTATION | |
The accompanying consolidated financial statements should be read in conjunction with the Annual Report on Form 10-K for the fiscal year ended December 31, 2013 for SBA Communications Corporation and its subsidiaries (the “Company”). These financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X and, therefore, omit or condense certain footnotes and other information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States. In the opinion of the Company’s management, all adjustments (consisting of normal recurring accruals) considered necessary for fair financial statement presentation have been made. The results of operations for an interim period may not give a true indication of the results for the year. Certain reclassifications have been made to prior year amounts or balances to conform to the presentation adopted in the current year. | |
The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in consolidated financial statements and accompanying notes. While the Company believes that such estimates are fair when considered in conjunction with the consolidated financial statements and accompanying notes, the actual amount of such estimates, when known, will vary from these estimates. | |
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | ||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||
2.FAIR VALUE MEASUREMENTS | |||||||||||||||||||
Items Measured at Fair Value on a Recurring Basis— The Company’s earnouts related to acquisitions are measured at fair value on a recurring basis using Level 3 inputs. The Company determines the fair value of acquisition-related contingent consideration and any subsequent changes in fair value using a discounted probability-weighted approach using Level 3 inputs. The fair value of the earnouts is reviewed quarterly and is based on the payments the Company expects to make based on historical internal observations related to the anticipated performance of the underlying assets. The Company’s estimate of the fair value of its obligation if the performance targets contained in various acquisition agreements were met was $26.9 million and $30.1 million as of March 31, 2014 and December 31, 2013, respectively, which the Company recorded in accrued expenses on its Consolidated Balance Sheets. The maximum potential obligation related to the performance targets was $38.6 million as of March 31, 2014. | |||||||||||||||||||
Items Measured at Fair Value on a Nonrecurring Basis— The Company’s long-lived assets, intangibles, and asset retirement obligations are measured at fair value on a nonrecurring basis using Level 3 inputs. Level 3 valuations rely on unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The Company considers many factors and makes certain assumptions when making this assessment, including but not limited to: general market and economic conditions, historical operating results, geographic location, lease-up potential and expected timing of lease-up. The fair value of the long-lived assets, intangibles, and asset retirement obligations is calculated using a discounted cash flow model. During the three months ended March 31, 2014 and March 31, 2013, the Company recognized an impairment charge of $3.6 million and $3.7 million, respectively. The impairment charge includes the write off of $2.3 million and $0.8 million in carrying value of decommissioned towers and other third party decommission costs incurred related to the Company’s long-lived assets and intangibles for the three months ended March 31, 2014 and March 31, 2013, respectively. These write offs result from the Company’s analysis that the future cash flows from certain towers would not recover the carrying value of the investment in those towers. Impairment charges and the related impaired assets relate to the Company’s site leasing operating segment. | |||||||||||||||||||
Fair Value of Financial Instruments— The carrying values of cash and cash equivalents, accounts receivable, restricted cash, accounts payable, and short-term investments approximate their estimated fair values due to the short maturity of these instruments. Short-term investments consisted of $4.9 million and $5.2 million in certificate of deposits, as of March 31, 2014 and December 31, 2013, respectively. The Company’s estimate of the fair value of its held-to-maturity investments in treasury and corporate bonds, including current portion, are based primarily upon Level 1 reported market values. As of March 31, 2014, the carrying value and fair value of the held-to-maturity investments, including current portion, were $1.2 million and $1.3 million, respectively. As of December 31, 2013, the carrying value and fair value of the held-to-maturity investments, including current portion, was $1.1 million and $1.3 million, respectively. | |||||||||||||||||||
The Company determines fair value of its debt instruments utilizing various Level 2 sources including quoted prices and indicative quotes (non-binding quotes) from brokers that require judgment to interpret market information including implied credit spreads for similar borrowings on recent trades or bid/ask prices. The fair value of the Revolving Credit Facility is considered to approximate the carrying value because the interest payments are based on Eurodollar rates that reset every month. The Company does not believe its credit risk has changed materially from the date the applicable Eurodollar Rate plus 187.5 basis points was set for the Revolving Credit Facility. The following table reflects fair values, principal balances, and carrying values of the Company’s debt instruments (see Note 11). | |||||||||||||||||||
As of March 31, 2014 | As of December 31, 2013 | ||||||||||||||||||
Fair Value | Principal Balance | Carrying Value | Fair Value | Principal Balance | Carrying Value | ||||||||||||||
(in thousands) | |||||||||||||||||||
4.000% Convertible Senior Notes due 2014 | $ | 1,490,982 | $ | 499,910 | $ | 478,564 | $ | 1,479,859 | $ | 499,944 | $ | 468,394 | |||||||
8.250% Senior Notes due 2019 | 258,375 | 243,750 | 242,435 | 262,031 | 243,750 | 242,387 | |||||||||||||
5.625% Senior Notes due 2019 | 521,875 | 500,000 | 500,000 | 514,375 | 500,000 | 500,000 | |||||||||||||
5.750% Senior Notes due 2020 | 835,000 | 800,000 | 800,000 | 832,000 | 800,000 | 800,000 | |||||||||||||
4.254% 2010-1 Tower Securities | 687,609 | 680,000 | 680,000 | 689,717 | 680,000 | 680,000 | |||||||||||||
5.101% 2010-2 Tower Securities | 589,243 | 550,000 | 550,000 | 586,586 | 550,000 | 550,000 | |||||||||||||
2.933% 2012-1Tower Securities | 619,217 | 610,000 | 610,000 | 604,736 | 610,000 | 610,000 | |||||||||||||
2.240% 2013-1C Tower Securities | 417,507 | 425,000 | 425,000 | 408,442 | 425,000 | 425,000 | |||||||||||||
3.722% 2013-2C Tower Securities | 557,267 | 575,000 | 575,000 | 530,098 | 575,000 | 575,000 | |||||||||||||
3.598% 2013-1D Tower Securities | 322,882 | 330,000 | 330,000 | 318,856 | 330,000 | 330,000 | |||||||||||||
Revolving Credit Facility | — | — | — | 215,000 | 215,000 | 215,000 | |||||||||||||
2011 Term Loan | — | — | — | 180,980 | 180,529 | 180,234 | |||||||||||||
2012-1 Term Loan | 182,044 | 182,500 | 182,500 | 184,538 | 185,000 | 185,000 | |||||||||||||
2012-2 Term Loan | — | — | — | 110,383 | 109,971 | 109,745 | |||||||||||||
2014 Term Loan | 1,500,000 | 1,500,000 | 1,496,047 | — | — | — | |||||||||||||
BNDES Loans | 212 | 212 | 212 | 5,847 | 5,847 | 5,847 | |||||||||||||
Totals | $ | 7,982,213 | $ | 6,896,372 | $ | 6,869,758 | $ | 6,923,448 | $ | 5,910,041 | $ | 5,876,607 | |||||||
Restricted_Cash
Restricted Cash | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Restricted Cash [Abstract] | ' | ||||||||
Restricted Cash | ' | ||||||||
3.RESTRICTED CASH | |||||||||
Restricted cash consists of the following: | |||||||||
As of | |||||||||
31-Mar-14 | 31-Dec-13 | Included on Balance Sheet | |||||||
(in thousands) | |||||||||
Securitization escrow accounts | $ | 34,279 | $ | 46,364 | Restricted cash - current asset | ||||
Payment and performance bonds | 941 | 941 | Restricted cash - current asset | ||||||
Surety bonds and workers compensation | 8,991 | 8,991 | Other assets - noncurrent | ||||||
Total restricted cash | $ | 44,211 | $ | 56,296 | |||||
Pursuant to the terms of the Tower Securities (see Note 11), the Company is required to establish a securitization escrow account, held by an indenture trustee, into which all rents and other sums due on the towers that secure the Tower Securities are directly deposited by the lessees. These restricted cash amounts are used to fund reserve accounts for the payment of (1) debt service costs, (2) ground rents, real estate and personal property taxes and insurance premiums related to towers, (3) trustee and servicing expenses, and (4) management fees and to reserve a portion of advance rents from tenants. The restricted cash in the controlled deposit account in excess of required reserve balances is subsequently released to the Borrowers (as defined in Note 11) monthly, provided that the Borrowers are in compliance with their debt service coverage ratio and that no event of default has occurred. All monies held by the indenture trustee are classified as restricted cash on the Company’s Consolidated Balance Sheets. | |||||||||
Payment and performance bonds relate primarily to collateral requirements for tower construction currently in process by the Company. Cash is pledged as collateral related to surety bonds issued for the benefit of the Company or its affiliates in the ordinary course of business and primarily relates to the Company’s tower removal obligations. As of March 31, 2014, the Company had $42.4 million in surety bonds and payment and performance bonds for which it was only required to post $4.0 million in collateral. As of December 31, 2013, the Company had $42.0 million in surety, payment and performance bonds for which it was only required to post $6.1 million in collateral. The Company periodically evaluates the collateral posted for its bonds to ensure that it meets the minimum requirements. As of March 31, 2014 and December 31, 2013, the Company had also pledged $2.3 million as collateral related to its workers compensation policy. | |||||||||
Other_Assets
Other Assets | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Other Assets [Abstract] | ' | ||||||
Other Assets | ' | ||||||
4.OTHER ASSETS | |||||||
The Company’s other assets are comprised of the following: | |||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Restricted cash | $ | 8,991 | $ | 8,991 | |||
Long-term investments | 52,812 | 52,801 | |||||
Prepaid land rent | 123,810 | 119,047 | |||||
Straight-line rent receivable | 189,663 | 179,292 | |||||
Other | 45,059 | 40,721 | |||||
Total other assets | $ | 420,335 | $ | 400,852 | |||
Acquisitions
Acquisitions | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Acquisitions [Abstract] | ' | ||||||
Acquisitions | ' | ||||||
5.ACQUISITIONS | |||||||
Oi S.A. Acquisition | |||||||
On March 31, 2014, the Company acquired 2,007 towers in Brazil from Oi S.A. for an aggregate purchase price of $673.9 million from cash on hand and borrowings from the 2014 Term Loan. | |||||||
The preliminary estimate of the fair value of the assets acquired and liabilities assumed relating to the Oi S.A. acquisition is summarized below (in thousands): | |||||||
Property and equipment | $ | 103,586 | |||||
Intangible assets | 570,312 | ||||||
Net assets acquired | $ | 673,898 | |||||
The preliminary allocation of the purchase price is subject to adjustment and will be finalized upon the completion of analyses of the fair value of the assets acquired and liabilities assumed (up to one year from the acquisition date). | |||||||
Other Acquisitions | |||||||
In addition to the Oi S.A. acquisition, the Company acquired 181 completed towers and related assets and liabilities during the three months ended March 31, 2014. These acquisitions were not significant to the Company and, accordingly, a preliminary estimate of the fair value of the assets acquired and liabilities assumed has not been presented. The Company evaluates all acquisitions after the applicable closing date of each transaction to determine whether any additional adjustments are needed to the allocation of the purchase price paid for the assets acquired and liabilities assumed by major balance sheet caption, as well as the separate recognition of intangible assets from goodwill if certain criteria are met. | |||||||
Subsequent to March 31, 2014, the Company acquired 12 towers and related assets for $8.9 million in cash. | |||||||
The following table summarizes all of the Company’s cash acquisition capital expenditures: | |||||||
For the three months | |||||||
ended March 31, | |||||||
2014 | 2013 | ||||||
Towers and related intangible assets | $ | 918,730 | $ | 195,753 | |||
Ground lease land purchases (1) | 9,582 | 13,388 | |||||
Earnouts | 4,798 | 401 | |||||
Total cash acquisition capital expenditures | $ | 933,110 | $ | 209,542 | |||
-1 | In addition, the Company paid $1.3 million and $1.7 million for ground lease extensions during the three months ended March 31, 2014 and 2013, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets. | ||||||
Earnouts | |||||||
As of March 31, 2014 and December 31, 2013, the Company’s estimate of the fair value of its obligation if the performance targets contained in various acquisition agreements were met was $26.9 million and $30.1 million, respectively, which the Company has recorded in accrued expenses on the Consolidated Statement of Operations. | |||||||
The Company recorded an adjustment of $0.5 million increasing and $0.6 million decreasing the estimated contingent consideration fair value during the three months ended March 31, 2014 and 2013, respectively, which the Company has recorded in acquisition related expenses on the Consolidated Statement of Operations. | |||||||
Foreign Currency Forward Contract | |||||||
On March 26, 2014, the Company settled two foreign currency contracts entered into during the quarter with an aggregate notional amount of R$1,525.0 million in order to hedge the purchase price of the Oi S.A. acquisition in Brazil, which closed on March 31, 2014. These contracts did not qualify for hedge accounting and, as such, any gains and losses are reflected within Other Income, net in the accompanying Consolidated Statement of Operations. During the three months ended March 31, 2014, the Company realized a gain of $17.9 million related to these foreign currency forward contracts. There were no foreign currency forward contracts outstanding as of March 31, 2014. | |||||||
Intangible_Assets_Net
Intangible Assets, Net | 3 Months Ended | ||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||
Intangible Assets, Net [Abstract] | ' | ||||||||||||||||||
Intangible Assets, Net | ' | ||||||||||||||||||
6.INTANGIBLE ASSETS, NET | |||||||||||||||||||
The following table provides the gross and net carrying amounts for each major class of intangible assets: | |||||||||||||||||||
As of March 31, 2014 | As of December 31, 2013 | ||||||||||||||||||
Gross carrying | Accumulated | Net book | Gross carrying | Accumulated | Net book | ||||||||||||||
amount | amortization | value | amount | amortization | value | ||||||||||||||
(in thousands) | |||||||||||||||||||
Current contract intangibles | $ | 3,827,311 | $ | -704,902 | $ | 3,122,409 | $ | 3,154,616 | $ | -649,861 | $ | 2,504,755 | |||||||
Network location intangibles | 1,305,673 | -346,796 | 958,877 | 1,209,142 | -326,699 | 882,443 | |||||||||||||
Intangible assets, net | $ | 5,132,984 | $ | -1,051,698 | $ | 4,081,286 | $ | 4,363,758 | $ | -976,560 | $ | 3,387,198 | |||||||
All intangible assets noted above are included in the Company’s site leasing segment. The Company amortizes its intangible assets using the straight-line method over an estimated economic life of 15 years. Amortization expense relating to the intangible assets was $74.8 million and $62.0 million for the three months ended March 31, 2014 and March 31, 2013, respectively. These amounts are subject to changes in estimates resulting from purchase price adjustments. | |||||||||||||||||||
Property_And_Equipment_Net
Property And Equipment, Net | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Property And Equipment, Net [Abstract] | ' | ||||||
Property And Equipment, Net | ' | ||||||
7.PROPERTY AND EQUIPMENT, NET | |||||||
Property and equipment, net (including assets held under capital leases) consists of the following: | |||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Towers and related components | $ | 3,990,091 | $ | 3,821,482 | |||
Construction-in-process | 22,118 | 24,275 | |||||
Furniture, equipment, and vehicles | 41,982 | 40,274 | |||||
Land, buildings, and improvements | 377,093 | 364,830 | |||||
4,431,284 | 4,250,861 | ||||||
Less: accumulated depreciation | -1,738,269 | -1,672,417 | |||||
Property and equipment, net | $ | 2,693,015 | $ | 2,578,444 | |||
Construction-in-process represents costs incurred related to towers that are under development and will be used in the Company’s operations. Depreciation expense was $69.0 million and $63.5 million for the three months ended March 31, 2014 and 2013, respectively. At March 31, 2014 and December 31, 2013, non-cash capital expenditures that are included in accounts payable and accrued expenses were $10.6 million and $11.4 million, respectively. | |||||||
Costs_And_Estimated_Earnings_O
Costs And Estimated Earnings On Uncompleted Contracts | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Costs And Estimated Earnings On Uncompleted Contracts [Abstract] | ' | ||||||
Costs And Estimated Earnings On Uncompleted Contracts | ' | ||||||
8.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS | |||||||
Costs and estimated earnings on uncompleted contracts consist of the following: | |||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Costs incurred on uncompleted contracts | $ | 96,310 | $ | 94,145 | |||
Estimated earnings | 39,893 | 32,547 | |||||
Billings to date | -122,401 | -108,070 | |||||
$ | 13,802 | $ | 18,622 | ||||
These amounts are included in the accompanying Consolidated Balance Sheets under the following captions: | |||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Costs and estimated earnings in excess of | |||||||
billings on uncompleted contracts | $ | 22,114 | $ | 27,864 | |||
Other current liabilities (Billings in excess of costs and | |||||||
estimated earnings on uncompleted contracts) | -8,312 | -9,242 | |||||
$ | 13,802 | $ | 18,622 | ||||
Five significant customers comprised 98.7% of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings on uncompleted contracts at March 31, 2014. Eight significant customers comprised 89.6% of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings on uncompleted contracts at December 31, 2013. | |||||||
Concentration_Of_Credit_Risk
Concentration Of Credit Risk | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
Concentration Of Credit Risk [Abstract] | ' | ||||
Concentration of Credit Risk | ' | ||||
9.CONCENTRATION OF CREDIT RISK | |||||
The Company’s credit risks consist primarily of accounts receivable with national, regional, and local wireless service providers and federal and state government agencies. The Company performs periodic credit evaluations of its customers’ financial condition and provides allowances for doubtful accounts, as required, based upon factors surrounding the credit risk of specific customers, historical trends, and other information. The Company generally does not require collateral on its lease agreements or site development contracts. | |||||
The following is a list of significant customers (representing at least 10% of segment revenues for the periods reported) and the percentage of total segment revenues for the specified time periods derived from such customers. | |||||
For the three months ended March 31, | |||||
2014 | 2013 | ||||
Percentage of Site Leasing Revenue | |||||
AT&T Wireless (1) | 25.10% | 22.90% | |||
Sprint (2) | 24.20% | 28.10% | |||
T-Mobile (3) | 17.60% | 16.60% | |||
Verizon Wireless | 12.30% | 11.90% | |||
For the three months ended March 31, | |||||
2014 | 2013 | ||||
Percentage of Site Development Revenue | |||||
Ericsson, Inc. | 18.60% | 40.40% | |||
Sprint (2) | 17.80% | 0.10% | |||
Alcatel-Lucent | 4.70% | 11.30% | |||
(1)Prior year amounts have been adjusted to reflect the merger of AT&T Wireless and Cricket. | |||||
(2)Prior year amounts have been adjusted to reflect the merger of Sprint and Clearwire. | |||||
(3)Prior year amounts have been adjusted to reflect the merger of T-Mobile and Metro PCS. | |||||
Five significant customers comprised 39.3% and 51.5% of total gross accounts receivable at March 31, 2014 and December 31, 2013, respectively. | |||||
Accrued_Expenses
Accrued Expenses | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Accrued Expenses [Abstract] | ' | ||||||
Accrued Expenses | ' | ||||||
10.ACCRUED EXPENSES | |||||||
The Company’s accrued expenses are comprised of the following: | |||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Accrued earnouts | $ | 26,895 | $ | 30,063 | |||
Salaries and benefits | 8,631 | 11,351 | |||||
Real estate and property taxes | 9,091 | 9,814 | |||||
Other | 35,022 | 34,903 | |||||
$ | 79,639 | $ | 86,131 | ||||
Debt
Debt | 3 Months Ended | ||||||||||||||
Mar. 31, 2014 | |||||||||||||||
Debt [Abstract] | ' | ||||||||||||||
Debt | ' | ||||||||||||||
11. DEBT | |||||||||||||||
The carrying and principal values of debt consist of the following (in thousands): | |||||||||||||||
Maturity | As of | As of | |||||||||||||
Date | 31-Mar-14 | 31-Dec-13 | |||||||||||||
Principal Balance | Carrying Value | Principal Balance | Carrying Value | ||||||||||||
4.000% Convertible Senior Notes | Oct. 1, 2014 | $ | 499,910 | $ | 478,564 | $ | 499,944 | $ | 468,394 | ||||||
8.250% Senior Notes | Aug. 15, 2019 | 243,750 | 242,435 | 243,750 | 242,387 | ||||||||||
5.625% Senior Notes | Oct. 1, 2019 | 500,000 | 500,000 | 500,000 | 500,000 | ||||||||||
5.750% Senior Notes | 15-Jul-20 | 800,000 | 800,000 | 800,000 | 800,000 | ||||||||||
4.254% 2010-1 Tower Securities | 15-Apr-15 | 680,000 | 680,000 | 680,000 | 680,000 | ||||||||||
5.101% 2010-2 Tower Securities | 17-Apr-17 | 550,000 | 550,000 | 550,000 | 550,000 | ||||||||||
2.933% 2012-1 Tower Securities | Dec. 15, 2017 | 610,000 | 610,000 | 610,000 | 610,000 | ||||||||||
2.240% 2013-1C Tower Securities | 17-Apr-18 | 425,000 | 425,000 | 425,000 | 425,000 | ||||||||||
3.722% 2013-2C Tower Securities | 17-Apr-23 | 575,000 | 575,000 | 575,000 | 575,000 | ||||||||||
3.598% 2013-1D Tower Securities | 17-Apr-18 | 330,000 | 330,000 | 330,000 | 330,000 | ||||||||||
Revolving Credit Facility | 9-May-17 | — | — | 215,000 | 215,000 | ||||||||||
2011 Term Loan | 30-Jun-18 | — | — | 180,529 | 180,234 | ||||||||||
2012-1 Term Loan | 9-May-17 | 182,500 | 182,500 | 185,000 | 185,000 | ||||||||||
2012-2 Term Loan | Sept. 28, 2019 | — | — | 109,971 | 109,745 | ||||||||||
2014 Term Loan | Mar. 24, 2021 | 1,500,000 | 1,496,047 | — | — | ||||||||||
BNDES Loans | various | 212 | 212 | 5,847 | 5,847 | ||||||||||
Total debt | $ | 6,896,372 | $ | 6,869,758 | $ | 5,910,041 | $ | 5,876,607 | |||||||
Less: current maturities of long-term debt | -503,776 | -481,886 | |||||||||||||
Total long-term debt, net of current maturities | $ | 6,365,982 | $ | 5,394,721 | |||||||||||
The table below reflects cash and non-cash interest expense amounts recognized by debt instrument for the three months ended March 31, 2014 and 2013, respectively: | |||||||||||||||
For the three months ended March 31, | |||||||||||||||
2014 | 2013 | ||||||||||||||
Cash | Non-cash | Cash | Non-cash | ||||||||||||
Interest | Interest | Interest | Interest | ||||||||||||
(in thousands) | |||||||||||||||
1.875% Convertible Senior Notes | $ | — | $ | — | $ | 2,120 | $ | 8,273 | |||||||
4.0% Convertible Senior Notes | 4,998 | 10,202 | 5,000 | 8,975 | |||||||||||
8.25% Senior Notes | 5,027 | 48 | 5,027 | 44 | |||||||||||
5.625% Senior Notes | 7,031 | — | 7,031 | — | |||||||||||
5.75% Senior Notes | 11,500 | — | 11,500 | — | |||||||||||
2010 Secured Tower Revenue Securities | 14,345 | — | 14,344 | — | |||||||||||
2012 Secured Tower Revenue Securities | 4,521 | — | 4,521 | — | |||||||||||
2013 Secured Tower Revenue Securities | 10,804 | — | — | — | |||||||||||
Revolving Credit Facility | 1,332 | — | 1,362 | — | |||||||||||
2011 Term Loan | 696 | 7 | 4,617 | 45 | |||||||||||
2012-1 Term Loan | 1,000 | — | 1,200 | — | |||||||||||
2012-2 Term Loan | 424 | 4 | 2,812 | 27 | |||||||||||
2014 Term Loan | 4,130 | 43 | — | — | |||||||||||
Other | 219 | — | -69 | — | |||||||||||
Total | $ | 66,027 | $ | 10,304 | $ | 59,465 | $ | 17,364 | |||||||
Revolving Credit Facility under the Senior Credit Agreement | |||||||||||||||
The Revolving Credit Facility is governed by the Senior Credit Agreement. As of March 31, 2014, the Revolving Credit Facility consists of a revolving loan under which up to $770.0 million aggregate principal amount may be borrowed, repaid and redrawn, subject to compliance with specific financial ratios and the satisfaction of other customary conditions to borrowing. Amounts borrowed under the Revolving Credit Facility accrue interest at the Eurodollar Rate plus a margin that ranges from 187.5 basis points to 237.5 basis points or at a Base Rate plus a margin that ranges from 87.5 basis points to 137.5 basis points, in each case based on the ratio of Consolidated Total Debt to Annualized Borrower EBITDA, calculated in accordance with the Senior Credit Agreement. If not earlier terminated by SBA Senior Finance II, a subsidiary of the Company, the Revolving Credit Facility will terminate on, and SBA Senior Finance II will repay all amounts outstanding on or before, May 9, 2017. The proceeds available under the Revolving Credit Facility may be used for general corporate purposes. A per annum commitment fee of 0.375% to 0.5% of the unused commitments under the Revolving Credit Facility is charged based on the ratio of Consolidated Total Debt to Annualized Borrower EBITDA (calculated in accordance with the Senior Credit Agreement). SBA Senior Finance II may, from time to time, borrow from and repay the Revolving Credit Facility. Consequently, the amount outstanding under the Revolving Credit Facility at the end of a period may not be reflective of the total amounts outstanding during such period. | |||||||||||||||
During the three months ended March 31, 2014, the Company borrowed $175.0 million and repaid $390.0 million of the outstanding balance under the Revolving Credit Facility. As of March 31, 2014, no borrowings were outstanding under the Revolving Credit Facility, and the amount available based on specified covenants under the facility was $675.0 million. | |||||||||||||||
On February 7, 2014, SBA Senior Finance II entered into a Second Amended and Restated Credit Agreement (as amended and restated, the “Senior Credit Agreement”) with several banks and other financial institutions or entities from time to time parties to the Senior Credit Agreement to, among other things, obtain a $1.5 billion senior secured term loan (the “2014 Term Loan”) and to amend certain terms of the existing senior credit agreement. In addition to providing for the 2014 Term Loan, the Senior Credit Agreement amended the terms of the existing senior credit agreement to, among other things, amend the terms of certain events of default, modify certain financial maintenance covenants and remove the parent financial maintenance leverage covenant to reflect an increased size of SBA Senior Finance II and its restricted subsidiaries. All other material terms of the Senior Credit Agreement, as it existed prior to February 7, 2014, remained unchanged. The Company incurred financing fees of $12.8 million to date associated with the closing of this transaction which are being amortized through the maturity date. Net proceeds from the 2014 Term Loan were used (1) to repay in full the remaining $180.5 million balance of the 2011 Term Loan, (2) to repay in full the remaining $110.0 million balance of the 2012-2 Term Loan, (3) to repay the $390.0 million outstanding balance under the Revolving Credit Facility, and (4) to pay the cash consideration in connection with SBA’s acquisition of towers from Oi S.A. in Brazil. The remaining proceeds will be used for general corporate purposes. | |||||||||||||||
Term Loans under the Senior Credit Agreement | |||||||||||||||
2011 Term Loan | |||||||||||||||
The 2011 Term Loan consisted of a senior secured term loan with an initial aggregate principal amount of $500.0 million and a maturity date of June 30, 2018. The 2011 Term Loan accrued interest, at SBA Senior Finance II’s election, at either the Base Rate plus a margin of 175 basis points (with a Base Rate floor of 2%) or the Eurodollar Rate plus a margin of 275 basis points (with a Eurodollar Rate floor of 1%). The 2011 Term Loan was issued at 99.75% of par value. The Company incurred deferred financing fees of $4.9 million associated with this transaction which were being amortized through the maturity date. | |||||||||||||||
During the year ended December 31, 2013, the Company repaid $312.0 million on the 2011 Term Loan. Included in this amount was a prepayment of $310.7 million made on April 24, 2013 using proceeds from the 2013 Tower Securities. In connection with the prepayment, the Company expensed $2.3 million of net deferred financing fees and $0.6 million of discount related to the debt. As a result of the prepayment, no further scheduled quarterly principal payments were required until the maturity date. | |||||||||||||||
On February 7, 2014, the Company repaid the remaining $180.5 million outstanding principal balance of the 2011 Term Loan. In connection with the prepayment, the Company expensed $0.6 million of net deferred financing fees and $0.1 million of discount related to the debt. | |||||||||||||||
2012-1 Term Loan | |||||||||||||||
The 2012-1 Term Loan consists of a senior secured term loan with an initial aggregate principal amount of $200.0 million that matures on May 9, 2017. The 2012-1 Term Loan accrues interest, at SBA Senior Finance II’s election, at either the Base Rate plus a margin that ranges from 100 to 150 basis points or the Eurodollar Rate plus a margin that ranges from 200 to 250 basis points, in each case based on the ratio of Consolidated Total Debt to Annualized Borrower EBITDA (calculated in accordance with the Senior Credit Agreement). As of March 31, 2014, the 2012-1 Term Loan was accruing interest at 2.16% per annum. Principal payments on the 2012-1 Term Loan commenced on September 30, 2012 and are being made in quarterly installments on the last day of each March, June, September, and December, in an amount equal to $2.5 million for each of the first eight quarters, $3.75 million for the next four quarters and $5.0 million for each quarter thereafter. SBA Senior Finance II has the ability to prepay any or all amounts under the 2012-1 Term Loan without premium or penalty. To the extent not previously repaid, the 2012-1 Term Loan will be due and payable on the maturity date. The 2012-1 Term Loan was issued at par. The Company incurred deferred financing fees of $2.7 million in relation to this transaction which are being amortized through the maturity date. | |||||||||||||||
During the three months ended March 31, 2014, the Company repaid $2.5 million of principal on the 2012-1 Term Loan. As of March 31, 2014, the 2012-1 Term Loan had a principal balance of $182.5 million. | |||||||||||||||
2012-2 Term Loan | |||||||||||||||
The 2012-2 Term Loan consisted of a senior secured term loan with an initial aggregate principal amount of $300.0 million and a maturity date of September 28, 2019. The 2012-2 Term Loan accrued interest, at SBA Senior Finance II’s election, at either the Base Rate plus 175 basis points (with a Base Rate floor of 2%) or Eurodollar Rate plus 275 basis points (with a Eurodollar Rate floor of 1%). The 2012-2 Term Loan was issued at 99.75% of par value. The Company incurred deferred financing fees of approximately $3.5 million in relation to this transaction which were being amortized through the maturity date. | |||||||||||||||
During the year ended December 31, 2013, the Company repaid $190.0 million on the 2012-2 Term Loan. Included in this amount was a prepayment of $189.3 million made on April 24, 2013 using proceeds from the 2013 Tower Securities. In connection with the prepayment, the Company expensed $2.0 million of net deferred financing fees and $0.4 million of discount related to the debt. As a result of the prepayment, no further scheduled quarterly principal payments were required until the maturity date. | |||||||||||||||
On February 7, 2014, the Company repaid the entire $110.0 million outstanding principal balance of the 2012-2 Term Loan. In connection with the prepayment, the Company expensed $0.5 million of net deferred financing fees and $0.1 million of discount related to the debt. | |||||||||||||||
2014 Term Loan | |||||||||||||||
The 2014 Term Loan consists of a senior secured term loan with an initial aggregate principal amount of $1.5 billion that matures on March 24, 2021. The first funding of $750.0 million occurred on February 7, 2014, and the second funding of $750.0 million occurred on March 24, 2014. The 2014 Term Loan accrues interest, at SBA Senior Finance II’s election, at either the Base Rate plus 150 basis points (with a Base Rate floor of 1.75%) or the Eurodollar Rate plus 250 basis points (with a Eurodollar Rate floor of 0.75%). The 2014 Term Loan was issued at 99.75% of par value. As of March 31, 2014, the 2014 Term Loan was accruing interest at 3.25% per annum. Principal payments on the 2014 Term Loan will commence on September 30, 2014 and will be made in quarterly installments on the last day of each March, June, September, and December in an amount equal to $3.75 million. SBA Senior Finance II has the ability to prepay any or all amounts under the 2014 Term Loan. However, to the extent the 2014 Term Loan is prepaid prior to August 7, 2014 from proceeds of certain refinancing or repricing transactions, a prepayment fee equal to 1.0% of the aggregate principal amount of such prepayment will apply. The Company has incurred deferred financing fees of approximately $12.8 million to date in relation to this transaction which are being amortized through the maturity date. | |||||||||||||||
Net proceeds from the 2014 Term Loan were used (1) to repay in full the remaining $180.5 million balance of the 2011 Term Loan, (2) to repay in full the remaining $110.0 million balance of the 2012-2 Term Loan, (3) to repay the $390.0 million outstanding balance under the Revolving Credit Facility, and (4) to pay the cash consideration in connection with SBA’s acquisition of towers from Oi S.A. in Brazil. The remaining proceeds will be used for general corporate purposes. | |||||||||||||||
Secured Tower Revenue Securities | |||||||||||||||
2010 Tower Securities | |||||||||||||||
On April 16, 2010, the Company, through a New York common law trust (the “Trust”), issued $680.0 million of 2010-1 Tower Securities and $550.0 million of 2010-2 Tower Securities (together the “2010 Tower Securities”). The 2010-1 Tower Securities have an annual interest rate of 4.254% and the 2010-2 Tower Securities have an annual interest rate of 5.101%. The weighted average annual fixed interest rate of the 2010 Tower Securities is 4.7%, including borrowers’ fees, payable monthly. The anticipated repayment date and the final maturity date for the 2010–1 Tower Securities is April 15, 2015 and April 16, 2040, respectively. The anticipated repayment date and the final maturity date for the 2010–2 Tower Securities is April 17, 2017 and April 15, 2042, respectively. The sole asset of the Trust consists of a non-recourse mortgage loan made in favor of those SBA entities that are borrowers on the mortgage loan (the “Borrowers”). The Company incurred deferred financing fees of $18.0 million in relation to this transaction which are being amortized through the anticipated repayment date of each of the 2010 Tower Securities. | |||||||||||||||
2012-1 Tower Securities | |||||||||||||||
On August 9, 2012, the Company, through the Trust, issued $610.0 million of Secured Tower Revenue Securities Series 2012-1 (the “2012-1 Tower Securities”) which have an anticipated repayment date of December 15, 2017 and a final maturity date of December 15, 2042. The fixed interest rate of the 2012-1 Tower Securities is 2.933% per annum, payable monthly. The Company incurred deferred financing fees of $14.9 million in relation to this transaction which are being amortized through the anticipated repayment date of the 2012-1 Tower Securities. | |||||||||||||||
2013 Tower Securities | |||||||||||||||
On April 18, 2013, the Company, through the Trust, issued $425.0 million of 2.240% Secured Tower Revenue Securities Series 2013-1C which have an anticipated repayment date of April 17, 2018 and a final maturity date of April 17, 2043, $575.0 million of 3.722% Secured Tower Revenue Securities Series 2013-2C which have an anticipated repayment date of April 17, 2023 and a final maturity date of April 17, 2048, and $330.0 million of 3.598% Secured Tower Revenue Securities Series 2013-1D which have an anticipated repayment date of April 17, 2018 and a final maturity date of April 17, 2043 (collectively the “2013 Tower Securities”). The aggregate $1.33 billion of 2013 Tower Securities have a blended interest rate of 3.218% and a weighted average life through the anticipated repayment date of 7.2 years. The Company incurred an aggregate of deferred financing fees of $25.4 million in relation to this transaction which are being amortized through the anticipated repayment date. | |||||||||||||||
As of March 31, 2014, the Borrowers met the Debt Service Coverage Ratio required by the mortgage loan agreement and were in compliance with all other covenants as set forth in the agreement. | |||||||||||||||
4.0% Convertible Senior Notes due 2014 | |||||||||||||||
On April 24, 2009, the Company issued $500.0 million of its 4.0% Convertible Senior Notes (“4.0% Notes”) in a private placement transaction. Interest on the 4.0% Notes is payable semi-annually on April 1 and October 1. The maturity date of the 4.0% Notes is October 1, 2014. The Company incurred fees of $11.7 million with the issuance of the 4.0% Notes of which $7.7 million was recorded as deferred financing fees and $4.0 million was recorded as a reduction to shareholders’ equity. | |||||||||||||||
The 4.0% Notes are convertible, at the holder’s option, into shares of the Company’s Class A common stock, at an initial conversion rate of 32.9164 shares of its Class A common stock per $1,000 principal amount of 4.0% Notes (subject to certain customary adjustments), which is equivalent to an initial conversion price of approximately $30.38 per share or a 22.5% conversion premium based on the last reported sale price of $24.80 per share of the Company’s Class A common stock on the Nasdaq Global Select Market on April 20, 2009, the purchase agreement date. | |||||||||||||||
Concurrently with the pricing of the 4.0% Notes, the Company entered into convertible note hedge and warrant transactions with affiliates of certain of the initial purchasers of the convertible notes. The initial strike price of the convertible note hedge transactions relating to the 4.0% Notes is $30.38 per share of the Company’s Class A common stock (the same as the initial conversion price of the 4.0% Notes) and the upper strike price of the warrant transactions is $44.64 per share. | |||||||||||||||
The Company is amortizing the debt discount on the 4.0% Notes utilizing the effective interest method over the life of the 4.0% Notes which increases the effective interest rate of the 4.0% Notes from its coupon rate of 4.0% to 12.9%. As of March 31, 2014, the carrying amount of the equity component related to the 4.0% Notes was $169.0 million. | |||||||||||||||
The 4.0 % Notes are reflected in long-term debt in the Consolidated Balance Sheets at their carrying value. The following table summarizes the balances for the 4.0% Notes: | |||||||||||||||
As of | |||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||
(in thousands) | |||||||||||||||
Principal balance | $ | 499,910 | $ | 499,944 | |||||||||||
Debt discount | -21,346 | -31,550 | |||||||||||||
Carrying value | $ | 478,564 | $ | 468,394 | |||||||||||
The 4.0% Notes are convertible only under the following circumstances: | |||||||||||||||
•during any calendar quarter, if the last reported sale price of the Class A common stock for at least 20 trading days in the 30 consecutive trading day period ending on the last trading day of the preceding calendar quarter is more than 130% of the applicable conversion price per share of Class A common stock on the last day of such preceding calendar quarter, | |||||||||||||||
•during the five business day period after any ten consecutive trading day period in which the trading price per $1,000 principal amount of the 4.0% Notes for each day in the measurement period was less than 95% of the product of the last reported sale price of the Class A common stock and the applicable conversion rate, | |||||||||||||||
•if specified distributions to holders of Class A common stock are made or specified corporate transactions occur, and | |||||||||||||||
•at any time on or after July 22, 2014. | |||||||||||||||
Upon conversion, the Company has the right to settle its conversion obligation in cash, shares of Class A common stock or a combination of cash and shares of its Class A common stock. From time to time, upon notice to the holders of the 4.0% Notes, the Company may change its election regarding the form of consideration that it will use to settle its conversion obligation; provided, however, that it is not permitted to change its settlement election after July 21, 2014 for the 4.0% Notes. At the time of the issuance of the 4.0% Notes, the Company elected to settle its conversion obligations in stock. Effective March 17, 2014, the Company elected to settle the principal amount of any conversions in cash and any additional conversion consideration at the conversion rate then applicable in shares of its Class A common stock. Concurrently with the settlement of any 4.0% Notes converted, the Company will settle the associated convertible note hedges and receive an equal number of shares to those issued to the noteholders. The Company’s obligations under the remaining 16.5 million warrants are scheduled to settle over a 60 trading day period commencing on January 2, 2015. | |||||||||||||||
During the three months ended March 31, 2014, the 4.0% Notes were convertible based on the fact that the Company’s Class A common stock closing price per share exceeded $39.49 for at least 20 trading days during the 30 consecutive trading day period during the prior quarter. As a result of conversions exercised by holders pursuant to the terms of the indenture, during the three months ended March 31, 2014, the Company converted $34,000 in principal amount of 4.0% Notes and settled its conversion obligation through the issuance of 1,116 shares of its Class A common stock. In connection with these conversions, the related convertible note hedges and a portion of the related common stock warrants were settled. As a result, the Company received a net 567 shares of its Class A common stock. In addition, the Company received conversion notices totaling $121.3 million in principal amount of the 4.0% Notes subsequent to the end of the first quarter of 2014, which will settle during the second quarter of 2014 in shares of its Class A common stock and cash for fractional shares. | |||||||||||||||
Senior Notes | |||||||||||||||
8.25% Senior Notes | |||||||||||||||
On July 24, 2009, Telecommunications issued $375.0 million of unsecured senior notes due August 15, 2019 (the “8.25% Notes”). The 8.25% Notes have an interest rate of 8.25% per annum and were issued at a price of 99.152% of their face value. Interest is due semi-annually on February 15 and August 15 of each year beginning on February 15, 2010. The Company incurred deferred financing fees of $5.4 million in relation to the 8.25% Notes which are being amortized through the maturity date. | |||||||||||||||
Net proceeds of this offering were $363.6 million after deducting expenses and the original issue discount. The Company is amortizing the debt discount on the 8.25% Notes utilizing the effective interest method over the life of the 8.25% Notes. | |||||||||||||||
On April 13, 2012, the Company used the proceeds of an equity offering to redeem $131.3 million in aggregate principal amount of its 8.25% Notes and to pay $10.8 million as a premium on the redemption of the notes. The Company expensed $0.9 million and $2.4 million of debt discount and deferred financing fees, respectively, related to the redemption of the 8.25% Notes. | |||||||||||||||
As of March 31, 2014, the principal balance of the 8.25% Notes was $243.8 million. | |||||||||||||||
5.75% Senior Notes | |||||||||||||||
On July 13, 2012, Telecommunications issued $800.0 million of unsecured senior notes due July 15, 2020 (the “5.75% Notes”). The 5.75% Notes accrue interest at a rate of 5.75% and were issued at par. Interest on the 5.75% Notes is due semi-annually on July 15 and January 15 of each year beginning on January 15, 2013. The Company incurred deferred financing fees of $14.0 million in relation to this transaction which are being amortized through the maturity date. | |||||||||||||||
5.625% Senior Notes | |||||||||||||||
On September 28, 2012, the Company issued $500.0 million of unsecured senior notes due October 1, 2019 (the “5.625% Notes”). The 5.625% Notes accrue interest at a rate of 5.625% per annum and were issued at par. Interest on the 5.625% Notes is due semi-annually on October 1 and April 1 of each year beginning on April 1, 2013. The Company incurred deferred financing fees of $8.5 million in relation to this transaction which are being amortized through the maturity date. | |||||||||||||||
BNDES Loans | |||||||||||||||
During the three months ended March 31, 2014, the Company had BNDES Loan borrowings of $0.4 million and repayments of $6.1 million under the BNDES Loans. As of March 31, 2014, the principal and carrying value of the BNDES Loans was $0.2 million. During April 2014, the Company paid off the entire remaining balance of the BNDES Loans. | |||||||||||||||
Shareholders_Equity
Shareholders' Equity | 3 Months Ended |
Mar. 31, 2014 | |
Shareholders' Equity [Abstract] | ' |
Shareholders' Equity | ' |
12.SHAREHOLDERS’ EQUITY | |
Common Stock equivalents | |
The Company has potential common stock equivalents related to its outstanding stock options (see Note 13), restricted stock units, and the 4.0% Notes (see Note 11). These potential common stock equivalents were considered in the Company’s diluted earnings (loss) per share calculation (see Note 17). | |
Stock Repurchases | |
The Company’s Board of Directors authorized a stock repurchase program on April 27, 2011. This program authorizes the Company to purchase, from time to time, up to $300.0 million of the Company’s outstanding Class A common stock through open market repurchases in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended, and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements and other factors. This program became effective on April 28, 2011 and will continue until otherwise modified or terminated by the Company’s Board of Directors at any time in the Company’s sole discretion. | |
During the three months ended March 31, 2014, the Company did not repurchase any shares in conjunction with the stock repurchase program. As of March 31, 2014, the Company had a remaining authorization to repurchase an additional $150.0 million of its common stock under its current $300.0 million stock repurchase program. | |
StockBased_Compensation
Stock-Based Compensation | 3 Months Ended | ||||||||||
Mar. 31, 2014 | |||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||
Stock-Based Compensation | ' | ||||||||||
13.STOCK-BASED COMPENSATION | |||||||||||
Stock Options | |||||||||||
The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes option-pricing model with the assumptions included in the table below. The Company uses a combination of historical data and historical volatility to establish the expected volatility. Historical data is used to estimate the expected option life and the expected forfeiture rate. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated life of the option. The following assumptions were used to estimate the fair value of options granted using the Black-Scholes option-pricing model: | |||||||||||
For the three months ended | |||||||||||
March 31, | |||||||||||
2014 | 2013 | ||||||||||
Risk free interest rate | 1.15% | 0.60% - 0.81% | |||||||||
Dividend yield | 0.00% | 0.00% | |||||||||
Expected volatility | 22.00% | 25.0% - 29.0% | |||||||||
Expected lives | 4.4 years | 3.9 - 4.8 years | |||||||||
The following table summarizes the Company’s activities with respect to its stock option plans for the three months ended March 31, 2014 as follows (dollars and number of shares in thousands, except for per share data): | |||||||||||
Weighted- | |||||||||||
Weighted- | Average | ||||||||||
Average | Remaining | ||||||||||
Number | Exercise Price | Contractual | Aggregate | ||||||||
of Shares | Per Share | Life (in years) | Intrinsic Value | ||||||||
Outstanding at December 31, 2013 | 2,979 | $ | 48.30 | ||||||||
Granted | 1,086 | $ | 95.53 | ||||||||
Exercised | -381 | $ | 33.97 | ||||||||
Canceled | -8 | $ | 63.92 | ||||||||
Outstanding at March 31, 2014 | 3,676 | $ | 63.70 | 5.1 | $ | 105,154 | |||||
Exercisable at March 31, 2014 | 1,417 | $ | 40.12 | 3.3 | $ | 72,039 | |||||
Unvested at March 31, 2014 | 2,259 | $ | 78.50 | 6.2 | $ | 33,115 | |||||
The weighted-average fair value of options granted during the three months ended March 31, 2014 and 2013 was $19.48 and $17.29, respectively. The total intrinsic value for options exercised during the three months ended March 31, 2014 and 2013 was $23.0 million and $8.1 million, respectively. | |||||||||||
Restricted Stock Units | |||||||||||
The following table summarizes the Company’s restricted stock unit activity for the three months ended March 31, 2014: | |||||||||||
Weighted- | |||||||||||
Average | |||||||||||
Grant Date | |||||||||||
Number of | Fair Value per | ||||||||||
Units | Share | ||||||||||
(in thousands) | |||||||||||
Outstanding at December 31, 2013 | 305 | $ | 55.60 | ||||||||
Granted | 110 | $ | 95.53 | ||||||||
Vested | -109 | $ | 49.83 | ||||||||
Forfeited/canceled | -1 | $ | 59.51 | ||||||||
Outstanding at March 31, 2014 | 305 | $ | 72.09 | ||||||||
Income_Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2014 | |
Income Taxes [Abstract] | ' |
Income Taxes | ' |
14.INCOME TAXES | |
The Company had U.S. taxable losses during the three months ended March 31, 2014 and 2013, and, as a result, federal and state net operating loss carry-forwards have been generated. The U.S. federal and state net operating loss carry-forwards of the Company have a full valuation allowance as management believes it is not “more-likely-than-not” that the Company will generate sufficient taxable income in future periods to recognize the losses. A foreign tax provision is recognized because certain international subsidiaries of the Company have profitable operations or a net deferred tax liability position. | |
Segment_Data
Segment Data | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
Segment Data [Abstract] | ' | ||||||||||||
Segment Data | ' | ||||||||||||
15.SEGMENT DATA | |||||||||||||
The Company operates principally in two business segments: site leasing and site development. The Company’s reportable segments are strategic business units that offer different services. They are managed separately based on the fundamental differences in their operations. The site leasing segment includes results of the managed and sublease businesses. The site development segment includes the results of both consulting and construction related activities. | |||||||||||||
Revenues, cost of revenues (exclusive of depreciation, accretion and amortization), capital expenditures (including assets acquired through the issuance of shares of the Company’s Class A common stock) and identifiable assets pertaining to the segments in which the Company continues to operate are presented below: | |||||||||||||
Not | |||||||||||||
Site | Site | Identified by | |||||||||||
Leasing | Development | Segment (1) | Total | ||||||||||
(in thousands) | |||||||||||||
For the three months ended March 31, 2014 | |||||||||||||
Revenues | $ | 309,320 | $ | 36,230 | $ | — | $ | 345,550 | |||||
Cost of revenues (2) | 69,740 | 27,427 | — | 97,167 | |||||||||
Depreciation, amortization and accretion | 143,031 | 519 | 892 | 144,442 | |||||||||
Operating income (loss) | 63,843 | 6,328 | -3,035 | 67,136 | |||||||||
Capital expenditures (3) | 963,446 | 1,841 | 176 | 965,463 | |||||||||
For the three months ended March 31, 2013 | |||||||||||||
Revenues | $ | 273,504 | $ | 39,567 | $ | — | $ | 313,071 | |||||
Cost of revenues (2) | 68,101 | 32,594 | — | 100,695 | |||||||||
Depreciation, amortization and accretion | 124,608 | 559 | 469 | 125,636 | |||||||||
Operating income | 51,593 | 4,482 | 690 | 56,765 | |||||||||
Capital expenditures (3) | 244,139 | 1,808 | 454 | 246,401 | |||||||||
Assets | |||||||||||||
As of March 31, 2014 | $ | 7,287,561 | $ | 61,188 | $ | 442,593 | $ | 7,791,342 | |||||
As of December 31, 2013 | 6,468,370 | 76,214 | 238,604 | 6,783,188 | |||||||||
(1)Assets not identified by segment consist primarily of general corporate assets. | |||||||||||||
(2)Excludes depreciation, amortization, and accretion. | |||||||||||||
(3)Includes cash paid for capital expenditures and acquisitions and related earn-outs and vehicle capital lease additions. | |||||||||||||
For the three months ended March 31, 2014 and 2013, the Company’s leasing revenues generated outside of the United States were 11.1% and 7.1%, respectively, of total consolidated leasing revenues. As of March 31, 2014 and December 31, 2013, the Company’s total assets outside of the United States were 21.9% and 15.3%, respectively, of total consolidated assets. | |||||||||||||
Tenant_Leases
Tenant Leases | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Tenant Leases [Abstract] | ' | ||||||
Tenant Leases | ' | ||||||
16. TENANT LEASES | |||||||
Subsequent to the filing of the Company’s Form 10-K, the Company identified that information regarding annual minimum tower lease income to be received pursuant to non-cancelable tenant operating leases in effect as of December 31, 2013 included in Note 18 of the Company’s audited financials contained immaterial errors. These errors had no impact on the Company’s reported consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive loss, consolidated statements of shareholders’ equity (deficit), or consolidated statements of cash flows for any period. | |||||||
The annual minimum tower lease income to be received for tower space and antenna rental under non-cancelable operating leases in effect as of December 31, 2013 and as of March 31, 2014 is as follows: | |||||||
As of December 31, 2013 | As of March 31, 2014 | ||||||
For the year ended | (in thousands) | ||||||
2014 | $ | 1,047,083 | $ | 1,099,064 | |||
2015 | 948,851 | 1,000,515 | |||||
2016 | 820,805 | 866,892 | |||||
2017 | 702,205 | 743,691 | |||||
2018 | 556,499 | 596,435 | |||||
Earnings_Per_Share
Earnings Per Share | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Earnings Per Share [Abstract] | ' | ||||||
Earnings Per Share | ' | ||||||
17. EARNINGS PER SHARE | |||||||
Basic earnings per share was computed by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding for each respective period. Diluted earnings per share was calculated by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding and any dilutive Common Stock equivalents, including unvested restricted stock and shares issuable upon exercise of stock options and Common Stock warrants as determined under the “Treasury Stock” method. | |||||||
The following table sets forth basic and diluted income from continuing operations per common share for the three months ended March 31, 2014 and 2013 (in thousands, except per share data): | |||||||
For the three months | |||||||
ended March 31, | |||||||
2014 | 2013 | ||||||
Numerator: | |||||||
Net income (loss) | $ | 1,407 | $ | -22,376 | |||
Denominator: | |||||||
Basic weighted-average shares outstanding | 128,560 | 127,057 | |||||
Dilutive impact of stock options and restricted shares | 1,262 | — | |||||
Dilutive impact of common stock warrants | 8,534 | — | |||||
Diluted weighted-average shares outstanding | 138,356 | 127,057 | |||||
Earnings (loss) per share attributable to continuing operations: | |||||||
Basic | $ | 0.01 | $ | -0.18 | |||
Diluted | $ | 0.01 | $ | -0.18 | |||
For the three months ended March 31, 2014, the diluted weighted average number of common shares outstanding excluded 0.3 million shares issuable upon exercise of the Company’s stock options because the impact would be anti-dilutive. For the three months ended March 31, 2014, 16.5 million common share equivalents related to the 4.0% Notes were excluded from the dilutive common shares because the impact would be anti-dilutive. For the three months ended March 31, 2013, all potential common stock equivalents were excluded as the effect would be anti-dilutive. | |||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||
Summary Of Fair Values, Principal Balances, And Carrying Values Of Company's Debt Instruments | ' | ||||||||||||||||||
As of March 31, 2014 | As of December 31, 2013 | ||||||||||||||||||
Fair Value | Principal Balance | Carrying Value | Fair Value | Principal Balance | Carrying Value | ||||||||||||||
(in thousands) | |||||||||||||||||||
4.000% Convertible Senior Notes due 2014 | $ | 1,490,982 | $ | 499,910 | $ | 478,564 | $ | 1,479,859 | $ | 499,944 | $ | 468,394 | |||||||
8.250% Senior Notes due 2019 | 258,375 | 243,750 | 242,435 | 262,031 | 243,750 | 242,387 | |||||||||||||
5.625% Senior Notes due 2019 | 521,875 | 500,000 | 500,000 | 514,375 | 500,000 | 500,000 | |||||||||||||
5.750% Senior Notes due 2020 | 835,000 | 800,000 | 800,000 | 832,000 | 800,000 | 800,000 | |||||||||||||
4.254% 2010-1 Tower Securities | 687,609 | 680,000 | 680,000 | 689,717 | 680,000 | 680,000 | |||||||||||||
5.101% 2010-2 Tower Securities | 589,243 | 550,000 | 550,000 | 586,586 | 550,000 | 550,000 | |||||||||||||
2.933% 2012-1Tower Securities | 619,217 | 610,000 | 610,000 | 604,736 | 610,000 | 610,000 | |||||||||||||
2.240% 2013-1C Tower Securities | 417,507 | 425,000 | 425,000 | 408,442 | 425,000 | 425,000 | |||||||||||||
3.722% 2013-2C Tower Securities | 557,267 | 575,000 | 575,000 | 530,098 | 575,000 | 575,000 | |||||||||||||
3.598% 2013-1D Tower Securities | 322,882 | 330,000 | 330,000 | 318,856 | 330,000 | 330,000 | |||||||||||||
Revolving Credit Facility | — | — | — | 215,000 | 215,000 | 215,000 | |||||||||||||
2011 Term Loan | — | — | — | 180,980 | 180,529 | 180,234 | |||||||||||||
2012-1 Term Loan | 182,044 | 182,500 | 182,500 | 184,538 | 185,000 | 185,000 | |||||||||||||
2012-2 Term Loan | — | — | — | 110,383 | 109,971 | 109,745 | |||||||||||||
2014 Term Loan | 1,500,000 | 1,500,000 | 1,496,047 | — | — | — | |||||||||||||
BNDES Loans | 212 | 212 | 212 | 5,847 | 5,847 | 5,847 | |||||||||||||
Totals | $ | 7,982,213 | $ | 6,896,372 | $ | 6,869,758 | $ | 6,923,448 | $ | 5,910,041 | $ | 5,876,607 | |||||||
Restricted_Cash_Tables
Restricted Cash (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Restricted Cash [Abstract] | ' | ||||||||
Schedule Of Restricted Cash | ' | ||||||||
As of | |||||||||
31-Mar-14 | 31-Dec-13 | Included on Balance Sheet | |||||||
(in thousands) | |||||||||
Securitization escrow accounts | $ | 34,279 | $ | 46,364 | Restricted cash - current asset | ||||
Payment and performance bonds | 941 | 941 | Restricted cash - current asset | ||||||
Surety bonds and workers compensation | 8,991 | 8,991 | Other assets - noncurrent | ||||||
Total restricted cash | $ | 44,211 | $ | 56,296 | |||||
Other_Assets_Tables
Other Assets (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Other Assets [Abstract] | ' | ||||||
Schedule Of Other Assets | ' | ||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Restricted cash | $ | 8,991 | $ | 8,991 | |||
Long-term investments | 52,812 | 52,801 | |||||
Prepaid land rent | 123,810 | 119,047 | |||||
Straight-line rent receivable | 189,663 | 179,292 | |||||
Other | 45,059 | 40,721 | |||||
Total other assets | $ | 420,335 | $ | 400,852 | |||
Acquisitions_Tables
Acquisitions (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Acquisitions [Abstract] | ' | ||||||
Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed | ' | ||||||
Property and equipment | $ | 103,586 | |||||
Intangible assets | 570,312 | ||||||
Net assets acquired | $ | 673,898 | |||||
Schedule Of Acquisition Capital Expenditures | ' | ||||||
For the three months | |||||||
ended March 31, | |||||||
2014 | 2013 | ||||||
Towers and related intangible assets | $ | 918,730 | $ | 195,753 | |||
Ground lease land purchases (1) | 9,582 | 13,388 | |||||
Earnouts | 4,798 | 401 | |||||
Total cash acquisition capital expenditures | $ | 933,110 | $ | 209,542 | |||
-1 | In addition, the Company paid $1.3 million and $1.7 million for ground lease extensions during the three months ended March 31, 2014 and 2013, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets. | ||||||
Intangible_Assets_Net_Tables
Intangible Assets, Net (Tables) | 3 Months Ended | ||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||
Intangible Assets, Net [Abstract] | ' | ||||||||||||||||||
Gross And Net Carrying Amounts For Each Major Class Of Intangible Assets | ' | ||||||||||||||||||
As of March 31, 2014 | As of December 31, 2013 | ||||||||||||||||||
Gross carrying | Accumulated | Net book | Gross carrying | Accumulated | Net book | ||||||||||||||
amount | amortization | value | amount | amortization | value | ||||||||||||||
(in thousands) | |||||||||||||||||||
Current contract intangibles | $ | 3,827,311 | $ | -704,902 | $ | 3,122,409 | $ | 3,154,616 | $ | -649,861 | $ | 2,504,755 | |||||||
Network location intangibles | 1,305,673 | -346,796 | 958,877 | 1,209,142 | -326,699 | 882,443 | |||||||||||||
Intangible assets, net | $ | 5,132,984 | $ | -1,051,698 | $ | 4,081,286 | $ | 4,363,758 | $ | -976,560 | $ | 3,387,198 | |||||||
Property_And_Equipment_Net_Tab
Property And Equipment, Net (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Property And Equipment, Net [Abstract] | ' | ||||||
Property And Equipment, Net (Including Assets Held Under Capital Leases) | ' | ||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Towers and related components | $ | 3,990,091 | $ | 3,821,482 | |||
Construction-in-process | 22,118 | 24,275 | |||||
Furniture, equipment, and vehicles | 41,982 | 40,274 | |||||
Land, buildings, and improvements | 377,093 | 364,830 | |||||
4,431,284 | 4,250,861 | ||||||
Less: accumulated depreciation | -1,738,269 | -1,672,417 | |||||
Property and equipment, net | $ | 2,693,015 | $ | 2,578,444 | |||
Costs_And_Estimated_Earnings_O1
Costs And Estimated Earnings On Uncompleted Contracts (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Costs And Estimated Earnings On Uncompleted Contracts [Abstract] | ' | ||||||
Summary Of Costs And Estimated Earnings On Uncompleted Contracts | ' | ||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Costs incurred on uncompleted contracts | $ | 96,310 | $ | 94,145 | |||
Estimated earnings | 39,893 | 32,547 | |||||
Billings to date | -122,401 | -108,070 | |||||
$ | 13,802 | $ | 18,622 | ||||
Costs And Estimated Earnings On Uncompleted Contracts Accompanying Consolidated Balance Sheets | ' | ||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Costs and estimated earnings in excess of | |||||||
billings on uncompleted contracts | $ | 22,114 | $ | 27,864 | |||
Other current liabilities (Billings in excess of costs and | |||||||
estimated earnings on uncompleted contracts) | -8,312 | -9,242 | |||||
$ | 13,802 | $ | 18,622 | ||||
Concentration_Of_Credit_Risk_T
Concentration Of Credit Risk (Tables) | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
Concentration Of Credit Risk [Abstract] | ' | ||||
Summary Of Significant Customers And Percentage Of Total Revenue For Specified Time Periods Derived From Such Customers | ' | ||||
For the three months ended March 31, | |||||
2014 | 2013 | ||||
Percentage of Site Leasing Revenue | |||||
AT&T Wireless (1) | 25.10% | 22.90% | |||
Sprint (2) | 24.20% | 28.10% | |||
T-Mobile (3) | 17.60% | 16.60% | |||
Verizon Wireless | 12.30% | 11.90% | |||
For the three months ended March 31, | |||||
2014 | 2013 | ||||
Percentage of Site Development Revenue | |||||
Ericsson, Inc. | 18.60% | 40.40% | |||
Sprint (2) | 17.80% | 0.10% | |||
Alcatel-Lucent | 4.70% | 11.30% | |||
(1)Prior year amounts have been adjusted to reflect the merger of AT&T Wireless and Cricket. | |||||
(2)Prior year amounts have been adjusted to reflect the merger of Sprint and Clearwire. | |||||
(3)Prior year amounts have been adjusted to reflect the merger of T-Mobile and Metro PCS. | |||||
Accrued_Expenses_Tables
Accrued Expenses (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Accrued Expenses [Abstract] | ' | ||||||
Schedule Of Accrued Expenses | ' | ||||||
As of | As of | ||||||
31-Mar-14 | 31-Dec-13 | ||||||
(in thousands) | |||||||
Accrued earnouts | $ | 26,895 | $ | 30,063 | |||
Salaries and benefits | 8,631 | 11,351 | |||||
Real estate and property taxes | 9,091 | 9,814 | |||||
Other | 35,022 | 34,903 | |||||
$ | 79,639 | $ | 86,131 | ||||
Debt_Tables
Debt (Tables) | 3 Months Ended | ||||||||||||||
Mar. 31, 2014 | |||||||||||||||
Debt Instrument [Line Items] | ' | ||||||||||||||
Carrying Values Of Debt | ' | ||||||||||||||
Maturity | As of | As of | |||||||||||||
Date | 31-Mar-14 | 31-Dec-13 | |||||||||||||
Principal Balance | Carrying Value | Principal Balance | Carrying Value | ||||||||||||
4.000% Convertible Senior Notes | Oct. 1, 2014 | $ | 499,910 | $ | 478,564 | $ | 499,944 | $ | 468,394 | ||||||
8.250% Senior Notes | Aug. 15, 2019 | 243,750 | 242,435 | 243,750 | 242,387 | ||||||||||
5.625% Senior Notes | Oct. 1, 2019 | 500,000 | 500,000 | 500,000 | 500,000 | ||||||||||
5.750% Senior Notes | 15-Jul-20 | 800,000 | 800,000 | 800,000 | 800,000 | ||||||||||
4.254% 2010-1 Tower Securities | 15-Apr-15 | 680,000 | 680,000 | 680,000 | 680,000 | ||||||||||
5.101% 2010-2 Tower Securities | 17-Apr-17 | 550,000 | 550,000 | 550,000 | 550,000 | ||||||||||
2.933% 2012-1 Tower Securities | Dec. 15, 2017 | 610,000 | 610,000 | 610,000 | 610,000 | ||||||||||
2.240% 2013-1C Tower Securities | 17-Apr-18 | 425,000 | 425,000 | 425,000 | 425,000 | ||||||||||
3.722% 2013-2C Tower Securities | 17-Apr-23 | 575,000 | 575,000 | 575,000 | 575,000 | ||||||||||
3.598% 2013-1D Tower Securities | 17-Apr-18 | 330,000 | 330,000 | 330,000 | 330,000 | ||||||||||
Revolving Credit Facility | 9-May-17 | — | — | 215,000 | 215,000 | ||||||||||
2011 Term Loan | 30-Jun-18 | — | — | 180,529 | 180,234 | ||||||||||
2012-1 Term Loan | 9-May-17 | 182,500 | 182,500 | 185,000 | 185,000 | ||||||||||
2012-2 Term Loan | Sept. 28, 2019 | — | — | 109,971 | 109,745 | ||||||||||
2014 Term Loan | Mar. 24, 2021 | 1,500,000 | 1,496,047 | — | — | ||||||||||
BNDES Loans | various | 212 | 212 | 5,847 | 5,847 | ||||||||||
Total debt | $ | 6,896,372 | $ | 6,869,758 | $ | 5,910,041 | $ | 5,876,607 | |||||||
Less: current maturities of long-term debt | -503,776 | -481,886 | |||||||||||||
Total long-term debt, net of current maturities | $ | 6,365,982 | $ | 5,394,721 | |||||||||||
Schedule Of Cash And Non-Cash Interest Expense | ' | ||||||||||||||
For the three months ended March 31, | |||||||||||||||
2014 | 2013 | ||||||||||||||
Cash | Non-cash | Cash | Non-cash | ||||||||||||
Interest | Interest | Interest | Interest | ||||||||||||
(in thousands) | |||||||||||||||
1.875% Convertible Senior Notes | $ | — | $ | — | $ | 2,120 | $ | 8,273 | |||||||
4.0% Convertible Senior Notes | 4,998 | 10,202 | 5,000 | 8,975 | |||||||||||
8.25% Senior Notes | 5,027 | 48 | 5,027 | 44 | |||||||||||
5.625% Senior Notes | 7,031 | — | 7,031 | — | |||||||||||
5.75% Senior Notes | 11,500 | — | 11,500 | — | |||||||||||
2010 Secured Tower Revenue Securities | 14,345 | — | 14,344 | — | |||||||||||
2012 Secured Tower Revenue Securities | 4,521 | — | 4,521 | — | |||||||||||
2013 Secured Tower Revenue Securities | 10,804 | — | — | — | |||||||||||
Revolving Credit Facility | 1,332 | — | 1,362 | — | |||||||||||
2011 Term Loan | 696 | 7 | 4,617 | 45 | |||||||||||
2012-1 Term Loan | 1,000 | — | 1,200 | — | |||||||||||
2012-2 Term Loan | 424 | 4 | 2,812 | 27 | |||||||||||
2014 Term Loan | 4,130 | 43 | — | — | |||||||||||
Other | 219 | — | -69 | — | |||||||||||
Total | $ | 66,027 | $ | 10,304 | $ | 59,465 | $ | 17,364 | |||||||
4.0% Convertible Senior Notes [Member] | ' | ||||||||||||||
Debt Instrument [Line Items] | ' | ||||||||||||||
Carrying Values Of Debt | ' | ||||||||||||||
As of | |||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||
(in thousands) | |||||||||||||||
Principal balance | $ | 499,910 | $ | 499,944 | |||||||||||
Debt discount | -21,346 | -31,550 | |||||||||||||
Carrying value | $ | 478,564 | $ | 468,394 | |||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 3 Months Ended | ||||||||||
Mar. 31, 2014 | |||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||
Schedule Of Assumptions Used To Estimate Fair Value Of Stock Options | ' | ||||||||||
For the three months ended | |||||||||||
March 31, | |||||||||||
2014 | 2013 | ||||||||||
Risk free interest rate | 1.15% | 0.60% - 0.81% | |||||||||
Dividend yield | 0.00% | 0.00% | |||||||||
Expected volatility | 22.00% | 25.0% - 29.0% | |||||||||
Expected lives | 4.4 years | 3.9 - 4.8 years | |||||||||
Company's Activities With Respect To Its Stock Options | ' | ||||||||||
Weighted- | |||||||||||
Weighted- | Average | ||||||||||
Average | Remaining | ||||||||||
Number | Exercise Price | Contractual | Aggregate | ||||||||
of Shares | Per Share | Life (in years) | Intrinsic Value | ||||||||
Outstanding at December 31, 2013 | 2,979 | $ | 48.30 | ||||||||
Granted | 1,086 | $ | 95.53 | ||||||||
Exercised | -381 | $ | 33.97 | ||||||||
Canceled | -8 | $ | 63.92 | ||||||||
Outstanding at March 31, 2014 | 3,676 | $ | 63.70 | 5.1 | $ | 105,154 | |||||
Exercisable at March 31, 2014 | 1,417 | $ | 40.12 | 3.3 | $ | 72,039 | |||||
Unvested at March 31, 2014 | 2,259 | $ | 78.50 | 6.2 | $ | 33,115 | |||||
Company's Restricted Stock Unit Activity | ' | ||||||||||
Weighted- | |||||||||||
Average | |||||||||||
Grant Date | |||||||||||
Number of | Fair Value per | ||||||||||
Units | Share | ||||||||||
(in thousands) | |||||||||||
Outstanding at December 31, 2013 | 305 | $ | 55.60 | ||||||||
Granted | 110 | $ | 95.53 | ||||||||
Vested | -109 | $ | 49.83 | ||||||||
Forfeited/canceled | -1 | $ | 59.51 | ||||||||
Outstanding at March 31, 2014 | 305 | $ | 72.09 | ||||||||
Segment_Data_Tables
Segment Data (Tables) | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
Segment Data [Abstract] | ' | ||||||||||||
Segment Reporting Information Disclosure | ' | ||||||||||||
Not | |||||||||||||
Site | Site | Identified by | |||||||||||
Leasing | Development | Segment (1) | Total | ||||||||||
(in thousands) | |||||||||||||
For the three months ended March 31, 2014 | |||||||||||||
Revenues | $ | 309,320 | $ | 36,230 | $ | — | $ | 345,550 | |||||
Cost of revenues (2) | 69,740 | 27,427 | — | 97,167 | |||||||||
Depreciation, amortization and accretion | 143,031 | 519 | 892 | 144,442 | |||||||||
Operating income (loss) | 63,843 | 6,328 | -3,035 | 67,136 | |||||||||
Capital expenditures (3) | 963,446 | 1,841 | 176 | 965,463 | |||||||||
For the three months ended March 31, 2013 | |||||||||||||
Revenues | $ | 273,504 | $ | 39,567 | $ | — | $ | 313,071 | |||||
Cost of revenues (2) | 68,101 | 32,594 | — | 100,695 | |||||||||
Depreciation, amortization and accretion | 124,608 | 559 | 469 | 125,636 | |||||||||
Operating income | 51,593 | 4,482 | 690 | 56,765 | |||||||||
Capital expenditures (3) | 244,139 | 1,808 | 454 | 246,401 | |||||||||
Assets | |||||||||||||
As of March 31, 2014 | $ | 7,287,561 | $ | 61,188 | $ | 442,593 | $ | 7,791,342 | |||||
As of December 31, 2013 | 6,468,370 | 76,214 | 238,604 | 6,783,188 | |||||||||
(1)Assets not identified by segment consist primarily of general corporate assets. | |||||||||||||
(2)Excludes depreciation, amortization, and accretion. | |||||||||||||
(3)Includes cash paid for capital expenditures and acquisitions and related earn-outs and vehicle capital lease additions. | |||||||||||||
Tenant_Leases_Tables
Tenant Leases (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Tenant Leases [Abstract] | ' | ||||||
Annual Minimum Tower Lease Income | ' | ||||||
As of December 31, 2013 | As of March 31, 2014 | ||||||
For the year ended | (in thousands) | ||||||
2014 | $ | 1,047,083 | $ | 1,099,064 | |||
2015 | 948,851 | 1,000,515 | |||||
2016 | 820,805 | 866,892 | |||||
2017 | 702,205 | 743,691 | |||||
2018 | 556,499 | 596,435 | |||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Earnings Per Share [Abstract] | ' | ||||||
Weighted-Average Shares of Common Stock Outstanding Used in Calculation of Basic and Diluted Earnings Per Share | ' | ||||||
For the three months | |||||||
ended March 31, | |||||||
2014 | 2013 | ||||||
Numerator: | |||||||
Net income (loss) | $ | 1,407 | $ | -22,376 | |||
Denominator: | |||||||
Basic weighted-average shares outstanding | 128,560 | 127,057 | |||||
Dilutive impact of stock options and restricted shares | 1,262 | — | |||||
Dilutive impact of common stock warrants | 8,534 | — | |||||
Diluted weighted-average shares outstanding | 138,356 | 127,057 | |||||
Earnings (loss) per share attributable to continuing operations: | |||||||
Basic | $ | 0.01 | $ | -0.18 | |||
Diluted | $ | 0.01 | $ | -0.18 | |||
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Fair Value Measurements [Abstract] | ' | ' | ' |
Accrued earnouts | $26.90 | ' | $30.10 |
Performance targets, maximum potential obligation | 38.6 | ' | ' |
Impairment charge recognized, related to long-lived assets | 3.6 | 3.7 | ' |
Write-offs relating to long-lived assets and intangibles | 2.3 | 0.8 | ' |
Certificate of deposits | 4.9 | ' | 5.2 |
Held-to-maturity investments, carrying value | 1.2 | ' | 1.1 |
Held-to-maturity investments, fair value | $1.30 | ' | $1.30 |
Interest rate under Revolving Credit Facility | 1.88% | ' | ' |
Fair_Value_Measurements_Summar
Fair Value Measurements (Summary Of Fair Values, Principal Balances, And Carrying Values Of Company's Debt Instruments) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Apr. 29, 2009 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Jul. 24, 2009 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Sep. 28, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Jul. 13, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Apr. 16, 2010 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Apr. 16, 2010 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Aug. 09, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Apr. 18, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Apr. 18, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Apr. 18, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2014 Term Loan [Member] | 2014 Term Loan [Member] | 2014 Term Loan [Member] | BNDES Loans [Member] | BNDES Loans [Member] | BNDES Loans [Member] | BNDES Loans [Member] | BNDES Loans [Member] | BNDES Loans [Member] |
Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Principal Balance [Member] | Carrying Value [Member] | Fair Value [Member] | Principal Balance [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Principal Balance [Member] | Carrying Value [Member] | Fair Value [Member] | Principal Balance [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | |||||||||||||||||||||||||||
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, Fair Value | $7,982,213 | $6,923,448 | $6,896,372 | $5,910,041 | $6,869,758 | $5,876,607 | ' | ' | $1,490,982 | $1,479,859 | $499,910 | $499,944 | $478,564 | $468,394 | ' | ' | $258,375 | $262,031 | $243,750 | $243,750 | $242,435 | $242,387 | ' | ' | $521,875 | $514,375 | $500,000 | $500,000 | $500,000 | $500,000 | ' | ' | $835,000 | $832,000 | $800,000 | $800,000 | $800,000 | $800,000 | ' | ' | $687,609 | $689,717 | $680,000 | $680,000 | $680,000 | $680,000 | ' | ' | $589,243 | $586,586 | $550,000 | $550,000 | $550,000 | $550,000 | ' | ' | $619,217 | $604,736 | $610,000 | $610,000 | $610,000 | $610,000 | ' | ' | $417,507 | $408,442 | $425,000 | $425,000 | $425,000 | $425,000 | ' | ' | $557,267 | $530,098 | $575,000 | $575,000 | $575,000 | $575,000 | ' | ' | $322,882 | $318,856 | $330,000 | $330,000 | $330,000 | $330,000 | $215,000 | $215,000 | $215,000 | $180,980 | $180,529 | $180,234 | $182,044 | $184,538 | $182,500 | $185,000 | $182,500 | $185,000 | $110,383 | $109,971 | $109,745 | $1,500,000 | $1,500,000 | $1,496,047 | $212 | $5,847 | $212 | $5,847 | $212 | $5,847 |
Debt instrument stated percentage | ' | ' | ' | ' | ' | ' | 4.00% | 4.00% | ' | ' | ' | ' | ' | ' | 8.25% | 8.25% | ' | ' | ' | ' | ' | ' | 5.63% | 5.63% | ' | ' | ' | ' | ' | ' | 5.75% | 5.75% | ' | ' | ' | ' | ' | ' | 4.25% | 4.25% | ' | ' | ' | ' | ' | ' | 5.10% | 5.10% | ' | ' | ' | ' | ' | ' | 2.93% | 2.93% | ' | ' | ' | ' | ' | ' | 2.24% | 2.24% | ' | ' | ' | ' | ' | ' | 3.72% | 3.72% | ' | ' | ' | ' | ' | ' | 3.60% | 3.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted_Cash_Narrative_Deta
Restricted Cash (Narrative) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Restricted Cash [Abstract] | ' | ' |
Surety, payment and performance bonds | $42.40 | $42 |
Collateral payment for performance bonds | 4 | 6.1 |
Collateral related to workers compensation policy | $2.30 | $2.30 |
Restricted_Cash_Schedule_Of_Re
Restricted Cash (Schedule Of Restricted Cash) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Total restricted cash | $44,211 | $56,296 |
Restricted Cash - Current Asset [Member] | Securitization Escrow Accounts [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Total restricted cash | 34,279 | 46,364 |
Restricted Cash - Current Asset [Member] | Payment and Performance Bonds [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Total restricted cash | 941 | 941 |
Other Assets - Noncurrent [Member] | Surety Bonds and Workers Compensation [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Total restricted cash | $8,991 | $8,991 |
Other_Assets_Schedule_Of_Other
Other Assets (Schedule Of Other Assets) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other Assets [Abstract] | ' | ' |
Restricted cash | $8,991 | $8,991 |
Long-term investments | 52,812 | 52,801 |
Prepaid land rent | 123,810 | 119,047 |
Straight-line rent receivable | 189,663 | 179,292 |
Other | 45,059 | 40,721 |
Total other assets | $420,335 | $400,852 |
Acquisitions_Narrative_Details
Acquisitions (Narrative) (Details) | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | ||||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 26, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 |
USD ($) | USD ($) | USD ($) | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | Oi. S. A. Acquisition [Member] | Oi. S. A. Acquisition [Member] | Other Acquisitions [Member] | Subsequent Event [Member] | |
BRL | USD ($) | item | USD ($) | item | USD ($) | ||||
contract | item | ||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of towers, acquired right to use | ' | ' | ' | ' | ' | 2,007 | ' | ' | ' |
Aggregate purchase price | ' | ' | ' | ' | ' | ' | $673.90 | ' | ' |
Cash paid for acquisition | ' | ' | ' | ' | ' | ' | ' | ' | 8.9 |
Business acquistions period after closing date to determine additional adjustments | ' | ' | ' | ' | ' | '1 year | ' | ' | ' |
Number of towers acquired | ' | ' | ' | ' | ' | ' | ' | 181 | 12 |
Potential obligation recorded in accrued expenses | 26.9 | ' | 30.1 | ' | ' | ' | ' | ' | ' |
Increase (decrease) in estimated contingent consideration fair value | 0.5 | -0.6 | ' | ' | ' | ' | ' | ' | ' |
Number of contracts settled | ' | ' | ' | 2 | ' | ' | ' | ' | ' |
Foreign currency forward contracts, notional amount | ' | ' | ' | 1,525 | ' | ' | ' | ' | ' |
Gain (loss) on derivative | ' | ' | ' | ' | 17.9 | ' | ' | ' | ' |
Foreign currency forward contracts, outstanding amount | ' | ' | ' | ' | $0 | ' | ' | ' | ' |
Acquisitions_Schedule_Of_Recog
Acquisitions (Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed) (Details) (Oi. S. A. Acquisition [Member], USD $) | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |
Oi. S. A. Acquisition [Member] | ' |
Business Acquisition [Line Items] | ' |
Property and equipment | $103,586 |
Intangible assets | 570,312 |
Net assets acquired | $673,898 |
Acquisitions_Schedule_Of_Acqui
Acquisitions (Schedule Of Acquisition Capital Expenditures) (Details) (USD $) | 3 Months Ended | |||
Mar. 31, 2014 | Mar. 31, 2013 | |||
Acquisitions [Abstract] | ' | ' | ||
Towers and related intangible assets | $918,730,000 | $195,753,000 | ||
Ground lease land purchases | 9,582,000 | [1] | 13,388,000 | [1] |
Earnouts | 4,798,000 | 401,000 | ||
Total cash acquisition capital expenditures | 933,110,000 | 209,542,000 | ||
Ground lease extensions | $1,300,000 | $1,700,000 | ||
[1] | In addition, the Company paid $1.3 million and $1.7 million for ground lease extensions during the three months ended March 31, 2014 and 2013, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets. |
Intangible_Assets_Net_Narrativ
Intangible Assets, Net (Narrative) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Intangible Assets, Net [Abstract] | ' | ' |
Intangible assets, useful life | '15 years | ' |
Amortization expense | $74.80 | $62 |
Intangible_Assets_Net_Gross_An
Intangible Assets, Net (Gross And Net Carrying Amounts For Each Major Class Of Intangible Assets) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross amount | $5,132,984 | $4,363,758 |
Accumulated amortization | -1,051,698 | -976,560 |
Net book value | 4,081,286 | 3,387,198 |
Current Contract Intangibles [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross amount | 3,827,311 | 3,154,616 |
Accumulated amortization | -704,902 | -649,861 |
Net book value | 3,122,409 | 2,504,755 |
Network Location Intangibles [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross amount | 1,305,673 | 1,209,142 |
Accumulated amortization | -346,796 | -326,699 |
Net book value | $958,877 | $882,443 |
Property_And_Equipment_Net_Nar
Property And Equipment, Net (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Property And Equipment, Net [Abstract] | ' | ' | ' |
Depreciation expense | $69 | $63.50 | ' |
Non-cash capital expenditures | $10.60 | ' | $11.40 |
Property_And_Equipment_Net_Pro
Property And Equipment, Net (Property And Equipment, Net (Including Assets Held Under Capital Leases)) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $4,431,284 | $4,250,861 |
Less: accumulated depreciation | -1,738,269 | -1,672,417 |
Property and equipment, net | 2,693,015 | 2,578,444 |
Towers and Related Components [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 3,990,091 | 3,821,482 |
Construction-In-Process [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 22,118 | 24,275 |
Furniture, Equipment and Vehicles [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 41,982 | 40,274 |
Land, Buildings, and Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $377,093 | $364,830 |
Costs_And_Estimated_Earnings_O2
Costs And Estimated Earnings On Uncompleted Contracts (Narrative) (Details) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
customer | customer | |
Costs And Estimated Earnings On Uncompleted Contracts [Abstract] | ' | ' |
Costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings, percentage comprised by significant customers | 98.70% | 89.60% |
Number of significant customers | 5 | 8 |
Costs_And_Estimated_Earnings_O3
Costs And Estimated Earnings On Uncompleted Contracts (Summary Of Costs And Estimated Earnings On Uncompleted Contracts) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Contracts In Progress Costs And Earnings [Line Items] | ' | ' |
Costs and estimated earnings on uncompleted contracts | $13,802 | $18,622 |
Cost Incurred on Uncompleted Contracts [Member] | ' | ' |
Contracts In Progress Costs And Earnings [Line Items] | ' | ' |
Costs and estimated earnings on uncompleted contracts | 96,310 | 94,145 |
Estimated Earnings [Member] | ' | ' |
Contracts In Progress Costs And Earnings [Line Items] | ' | ' |
Costs and estimated earnings on uncompleted contracts | 39,893 | 32,547 |
Billings to Date [Member] | ' | ' |
Contracts In Progress Costs And Earnings [Line Items] | ' | ' |
Costs and estimated earnings on uncompleted contracts | ($122,401) | ($108,070) |
Costs_And_Estimated_Earnings_O4
Costs And Estimated Earnings On Uncompleted Contracts (Costs And Estimated Earnings On Uncompleted Contracts Accompanying Consolidated Balance Sheets) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Costs And Estimated Earnings On Uncompleted Contracts [Abstract] | ' | ' |
Costs and estimated earnings in excess of billings on uncompleted contracts | $22,114 | $27,864 |
Other current liabilities (Billings in excess of costs and estimated earnings on uncompleted contracts) | -8,312 | -9,242 |
Costs in excess of billings on uncompleted contracts or programs | $13,802 | $18,622 |
Concentration_Of_Credit_Risk_N
Concentration Of Credit Risk (Narrative) (Details) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
customer | customer | |
Concentration Risk [Line Items] | ' | ' |
Number of significant customers | 5 | 8 |
Accounts Receivable [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Number of significant customers | 5 | 5 |
Concentration risk percentage of accounts receivable | 39.30% | 51.50% |
Concentration_Of_Credit_Risk_S
Concentration Of Credit Risk (Summary Of Significant Customers And Percentage Of Total Revenue For Specified Time Periods Derived From Such Customers) (Details) | 3 Months Ended | |||
Mar. 31, 2014 | Mar. 31, 2013 | |||
Site Leasing Revenue [Member] | AT&T [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Concentration risk percentage of revenue | 25.10% | [1] | 22.90% | [1] |
Site Leasing Revenue [Member] | Sprint [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Concentration risk percentage of revenue | 24.20% | [2] | 28.10% | [2] |
Site Leasing Revenue [Member] | T-Mobile [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Concentration risk percentage of revenue | 17.60% | [3] | 16.60% | [3] |
Site Leasing Revenue [Member] | Verizon [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Concentration risk percentage of revenue | 12.30% | 11.90% | ||
Site Development Revenue [Member] | Ericsson, Inc [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Concentration risk percentage of revenue | 18.60% | 40.40% | ||
Site Development Revenue [Member] | Sprint [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Concentration risk percentage of revenue | 17.80% | [2] | 0.10% | [2] |
Site Development Revenue [Member] | Alcatel-Lucent [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Concentration risk percentage of revenue | 4.70% | 11.30% | ||
[1] | Prior year amounts have been adjusted to reflect the merger of AT&T Wireless and Cricket. | |||
[2] | Prior year amounts have been adjusted to reflect the merger of Sprint and Clearwire. | |||
[3] | Prior year amounts have been adjusted to reflect the merger of T-Mobile and Metro PCS. |
Accrued_Expenses_Details
Accrued Expenses (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accrued Expenses [Abstract] | ' | ' |
Accrued earnouts | $26,895 | $30,063 |
Salaries and benefits | 8,631 | 11,351 |
Real estate and property taxes | 9,091 | 9,814 |
Other | 35,022 | 34,903 |
Accrued expenses | $79,639 | $86,131 |
Debt_Revolving_Credit_Facility
Debt (Revolving Credit Facility Under The Senior Credit Agreement) (Narrative) (Details) (USD $) | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 3 Months Ended | 0 Months Ended | 12 Months Ended | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Feb. 07, 2014 | Mar. 31, 2014 | Feb. 07, 2014 | Feb. 07, 2014 | Feb. 07, 2014 | Feb. 07, 2014 | Apr. 24, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Feb. 07, 2014 | Apr. 24, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | |
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | 2014 Term Loan [Member] | 2014 Term Loan [Member] | 2014 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | |||
Eurodollar [Member] | Base Rate [Member] | Eurodollar [Member] | Base Rate [Member] | Eurodollar [Member] | Base Rate [Member] | Eurodollar [Member] | Base Rate [Member] | Revolving Credit Facility [Member] | Eurodollar [Member] | Base Rate [Member] | Revolving Credit Facility [Member] | ||||||||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum borrowing capacity | ' | ' | ' | $770,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis spread on variable interest rate | ' | ' | ' | ' | ' | 2.50% | 1.50% | ' | ' | ' | ' | 2.75% | 1.75% | ' | ' | ' | ' | 2.75% | 1.75% | 1.88% | 0.88% | ' | 2.38% | 1.38% | ' |
Line of credit facility, commitment fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | ' | ' | 0.50% |
Borrowings on the revolving credit facility | ' | ' | ' | 175,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of revolving credit facility | 390,000,000 | ' | 390,000,000 | 390,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, outstanding | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, remaining borrowing capacity | ' | ' | ' | 675,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | ' | ' | ' | ' | 1,500,000,000 | ' | ' | ' | ' | ' | 500,000,000 | ' | ' | ' | ' | ' | 300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred financing fees | ' | ' | ' | ' | 12,800,000 | ' | ' | ' | ' | ' | 4,900,000 | ' | ' | ' | ' | ' | 3,500,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Repayment of term loans | $293,000,000 | $4,500,000 | ' | ' | ' | ' | ' | $180,500,000 | $310,700,000 | $312,000,000 | ' | ' | ' | $110,000,000 | $189,300,000 | $190,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Term_Loans_Under_The_Seni
Debt (Term Loans Under The Senior Credit Agreement) (Narrative) (Details) (USD $) | 3 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | |||||||||||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Feb. 07, 2014 | Apr. 24, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Feb. 07, 2014 | Apr. 24, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Feb. 07, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Feb. 07, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Feb. 07, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Feb. 07, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 24, 2014 | |
2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2014 Term Loan [Member] | 2014 Term Loan [Member] | 2014 Term Loan [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Base Rate [Member] | Base Rate [Member] | Eurodollar [Member] | Eurodollar [Member] | Eurodollar [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Scenario, Forecast [Member] | ||||
First Eight Quarters [Member] | Next Four Quarters [Member] | Each Quarter Thereafter [Member] | 2011 Term Loan [Member] | 2012-2 Term Loan [Member] | 2014 Term Loan [Member] | 2011 Term Loan [Member] | 2012-2 Term Loan [Member] | 2014 Term Loan [Member] | Base Rate [Member] | Base Rate [Member] | Eurodollar [Member] | Eurodollar [Member] | Base Rate [Member] | Base Rate [Member] | Eurodollar [Member] | Eurodollar [Member] | 2014 Term Loan [Member] | ||||||||||||||||||||
2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | ||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | ' | ' | ' | ' | ' | $500,000,000 | ' | $200,000,000 | ' | ' | ' | ' | ' | ' | $300,000,000 | ' | $1,500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | ' | ' | ' | 30-Jun-18 | ' | 9-May-17 | ' | ' | ' | ' | ' | ' | 28-Sep-19 | ' | 24-Mar-21 | 24-Mar-21 | ' | ' | 9-May-17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis spread on variable interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | 1.75% | 1.50% | 2.75% | 2.75% | 2.50% | 0.88% | 1.00% | 1.88% | 2.00% | 1.38% | 1.50% | 2.38% | 2.50% | ' |
Base rate floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 2.00% | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Eurodollar rate floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | 1.00% | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term Loan, percentage of par value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 99.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued interest on Term Loan | ' | ' | ' | ' | ' | ' | ' | 2.16% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of par value price for issuance of term loan | ' | ' | ' | ' | ' | 99.75% | ' | ' | ' | ' | ' | ' | ' | ' | 99.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred financing fees | ' | ' | ' | ' | ' | 4,900,000 | ' | 2,700,000 | ' | ' | ' | ' | ' | ' | 3,500,000 | ' | 12,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | 3,750,000 | 5,000,000 | ' | ' | ' | ' | ' | 3,750,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayment of term loans | 293,000,000 | 4,500,000 | ' | 180,500,000 | 310,700,000 | ' | 312,000,000 | 2,500,000 | ' | ' | ' | ' | 110,000,000 | 189,300,000 | ' | 190,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortized deferred financing fees | 4,237,000 | 3,604,000 | ' | 600,000 | 2,300,000 | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off of discount related to debt | ' | ' | ' | 100,000 | 600,000 | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate debt | 6,869,758,000 | ' | 5,876,607,000 | ' | ' | ' | 180,234,000 | 182,500,000 | 185,000,000 | ' | ' | ' | ' | ' | ' | 109,745,000 | ' | 1,496,047,000 | ' | ' | ' | 215,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of revolving credit facility | 390,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 390,000,000 | 390,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from funding of term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $750,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $750,000,000 |
Percentage fee charged for prepayment equal to aggregate principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Secured_Tower_Revenue_Sec
Debt (Secured Tower Revenue Securities) (Narrative) (Details) (USD $) | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | |||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Apr. 16, 2010 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 16, 2010 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 16, 2010 | Aug. 09, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 18, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 18, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 18, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 18, 2013 | |
4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 2010 Secured Tower Revenue Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 2013 Secured Tower Revenue Securities [Member] | ||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | ' | ' | ' | $680,000,000 | ' | ' | $550,000,000 | ' | ' | ' | $610,000,000 | ' | ' | $425,000,000 | ' | ' | $575,000,000 | ' | ' | $330,000,000 | ' | ' | $1,330,000,000 |
Debt instrument, interest rate, stated percentage | ' | ' | ' | 4.25% | 4.25% | ' | 5.10% | 5.10% | ' | ' | 2.93% | 2.93% | ' | 2.24% | 2.24% | ' | 3.72% | 3.72% | ' | 3.60% | 3.60% | ' | ' |
Debt instrument, weighted average interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.70% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.22% |
Repayment date of debt instrument | ' | ' | ' | 'April 15, 2015 | ' | ' | 'April 17, 2017 | ' | ' | ' | 'December 15, 2017 | ' | ' | 'April 17, 2018 | ' | ' | 'April 17, 2023 | ' | ' | 'April 17, 2018 | ' | ' | ' |
Debt instrument, maturity date | ' | ' | ' | 16-Apr-40 | 15-Apr-15 | ' | 15-Apr-42 | 17-Apr-17 | ' | ' | 15-Dec-42 | 15-Dec-17 | ' | 17-Apr-43 | 17-Apr-18 | ' | 17-Apr-48 | 17-Apr-23 | ' | 17-Apr-43 | 17-Apr-18 | ' | ' |
Amortized deferred financing fees | 4,237,000 | 3,604,000 | ' | ' | ' | ' | ' | ' | ' | 18,000,000 | 14,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,400,000 |
Weighted average life of debt instrument through the anticipated repayment date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years 2 months 12 days |
Aggregate debt | $6,869,758,000 | ' | $5,876,607,000 | ' | $680,000,000 | $680,000,000 | ' | $550,000,000 | $550,000,000 | ' | ' | $610,000,000 | $610,000,000 | ' | $425,000,000 | $425,000,000 | ' | $575,000,000 | $575,000,000 | ' | $330,000,000 | $330,000,000 | ' |
Debt_40_Convertible_Senior_Not
Debt (4.0% Convertible Senior Notes Due 2014) (Narrative) (Details) (USD $) | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 3 Months Ended | ||||||
Mar. 31, 2014 | Mar. 31, 2013 | Apr. 29, 2009 | Mar. 31, 2014 | Apr. 24, 2009 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | |
4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | Circumstance A [Member] | Circumstance A [Member] | Circumstance B [Member] | Circumstance B [Member] | |||
Class A Common Stock [Member] | Class A Common Stock [Member] | Minimum [Member] | Maximum [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | Class A Common Stock [Member] | Maximum [Member] | |||||
Class A Common Stock [Member] | Minimum [Member] | Class A Common Stock [Member] | ||||||||||
Class A Common Stock [Member] | ||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, issuance date | ' | ' | 24-Apr-09 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible senior notes issued | ' | ' | $500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | 4.00% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Interest payable dates | ' | ' | 'April 1 and October 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | 1-Oct-14 | 1-Oct-14 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance fee of convertible senior notes | ' | ' | 11,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortized deferred financing fees | 4,237,000 | 3,604,000 | 7,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing fees recorded as a reduction to shareholders' equity | ' | ' | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion rate | ' | ' | ' | ' | 0.0329164 | ' | ' | ' | ' | ' | ' | ' |
Per share conversion price | ' | ' | ' | ' | $30.38 | ' | ' | ' | ' | ' | ' | ' |
Conversion premium | ' | ' | ' | ' | 22.50% | ' | ' | ' | ' | ' | ' | ' |
Last reported selling price | ' | ' | ' | ' | $24.80 | ' | ' | ' | ' | ' | ' | ' |
Upper strike price of warrants | ' | ' | ' | ' | $44.64 | ' | ' | ' | ' | ' | ' | ' |
Coupon rate of notes | ' | ' | ' | ' | ' | ' | 4.00% | 12.90% | ' | ' | ' | ' |
Carrying amount of the equity component | ' | ' | ' | 169,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible notes conversion criteria associated with common stock trading price | ' | ' | ' | 'during any calendar quarter, if the last reported sale price of the Class A common stock for at least 20 trading days in the 30 consecutive trading day period ending on the last trading day of the preceding calendar quarter is more than 130% of the applicable conversion price per share of Class A common stock on the last day of such preceding calendar quarter | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible notes conversion criteria associated with common stock and convertible notes trading price | ' | ' | ' | 'during the five business day period after any ten consecutive trading day period in which the trading price per $1,000 principal amount of the 4.0% Notes for each day in the measurement period was less than 95% of the product of the last reported sale price of the ClassB A common stock and the applicable conversion rate | ' | ' | ' | ' | ' | ' | ' | ' |
Trading days | ' | ' | ' | ' | ' | '20 days | ' | ' | '20 days | ' | ' | ' |
Consecutive trading days | ' | ' | ' | ' | ' | '30 days | ' | ' | '30 days | ' | '10 days | ' |
Threshold percentage of stock trigger price | ' | ' | ' | ' | ' | ' | ' | ' | ' | 130.00% | ' | ' |
Measurement period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 days | ' |
Measurement period threshold percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 95.00% |
Settlement trading days | ' | ' | ' | '60 days | ' | ' | ' | ' | ' | ' | ' | ' |
Number of warrants remaining under obligation | ' | ' | ' | 16,500,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock closing price per share | ' | ' | ' | ' | ' | $39.49 | ' | ' | ' | ' | ' | ' |
Principal amount converted | ' | ' | ' | 34,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock | ' | ' | ' | ' | ' | 1,116 | ' | ' | ' | ' | ' | ' |
Common stock received | ' | ' | ' | ' | ' | 567 | ' | ' | ' | ' | ' | ' |
Additional conversion notices aggregate value | ' | ' | ' | $121,300,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Senior_Notes_Narrative_De
Debt (Senior Notes) (Narrative) (Details) (USD $) | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | ||||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Apr. 13, 2012 | Jul. 24, 2009 | Mar. 31, 2014 | Dec. 31, 2013 | Jul. 13, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 28, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Jul. 24, 2009 | |
8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unsecured senior notes | ' | ' | ' | ' | $375,000,000 | ' | ' | $800,000,000 | ' | ' | $500,000,000 | ' | ' | ' |
Debt instrument, maturity date | ' | ' | ' | ' | 15-Aug-19 | 15-Aug-19 | ' | 15-Jul-20 | 15-Jul-20 | ' | 1-Oct-19 | 1-Oct-19 | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | ' | 8.25% | 8.25% | ' | 5.75% | 5.75% | ' | 5.63% | 5.63% | ' | ' |
Percentage of face value price for issuance of senior notes | ' | ' | ' | ' | 99.15% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest payable dates | ' | ' | ' | ' | ' | ' | ' | 'July 15 and January 15 | ' | ' | 'October 1 and April 1 | ' | ' | 'February 15 and August 15 |
Amortized deferred financing fees | 4,237,000 | 3,604,000 | ' | 2,400,000 | 5,400,000 | ' | ' | 14,000,000 | ' | ' | 8,500,000 | ' | ' | ' |
Net proceeds of offering after deducting discounts | ' | ' | ' | ' | 363,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, aggregate principal amount redeemed | ' | ' | ' | 131,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Premium on redemption | ' | ' | ' | 10,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt discount expensed | ' | ' | ' | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, principal balance | 6,896,372,000 | ' | 5,910,041,000 | ' | ' | 243,750,000 | 243,750,000 | ' | 800,000,000 | 800,000,000 | ' | 500,000,000 | 500,000,000 | ' |
Debt instrument, carrying value | $6,869,758,000 | ' | $5,876,607,000 | ' | ' | $242,435,000 | $242,387,000 | ' | $800,000,000 | $800,000,000 | ' | $500,000,000 | $500,000,000 | ' |
Debt_BNDES_Loans_Narrative_Det
Debt (BNDES Loans) (Narrative) (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Dec. 31, 2013 | |
Debt Instrument [Line Items] | ' | ' |
Repayments of BNDES Loans | $6,105,000 | ' |
Debt instrument, principal balance | 6,896,372,000 | 5,910,041,000 |
Debt instrument, carrying value | 6,869,758,000 | 5,876,607,000 |
BNDES Loans [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, additional borrowings | 400,000 | ' |
Debt instrument, principal balance | 212,000 | 5,847,000 |
Debt instrument, carrying value | $212,000 | $5,847,000 |
Debt_Carrying_Values_Of_Debt_D
Debt (Carrying Values Of Debt) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 29, 2009 | Mar. 31, 2014 | Dec. 31, 2013 | Jul. 24, 2009 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 28, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Jul. 13, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 16, 2010 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 16, 2010 | Mar. 31, 2014 | Dec. 31, 2013 | Aug. 09, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 18, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 18, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 18, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Feb. 07, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 |
4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2014 Term Loan [Member] | 2014 Term Loan [Member] | 2014 Term Loan [Member] | BNDES Loans [Member] | BNDES Loans [Member] | |||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal Balance | $6,896,372,000 | $5,910,041,000 | ' | $499,910,000 | $499,944,000 | ' | $243,750,000 | $243,750,000 | ' | $500,000,000 | $500,000,000 | ' | $800,000,000 | $800,000,000 | ' | $680,000,000 | $680,000,000 | ' | $550,000,000 | $550,000,000 | ' | $610,000,000 | $610,000,000 | ' | $425,000,000 | $425,000,000 | ' | $575,000,000 | $575,000,000 | ' | $330,000,000 | $330,000,000 | ' | $215,000,000 | ' | $180,529,000 | $182,500,000 | $185,000,000 | ' | $109,971,000 | ' | $1,500,000,000 | ' | $212,000 | $5,847,000 |
Carrying Value | 6,869,758,000 | 5,876,607,000 | ' | 478,564,000 | 468,394,000 | ' | 242,435,000 | 242,387,000 | ' | 500,000,000 | 500,000,000 | ' | 800,000,000 | 800,000,000 | ' | 680,000,000 | 680,000,000 | ' | 550,000,000 | 550,000,000 | ' | 610,000,000 | 610,000,000 | ' | 425,000,000 | 425,000,000 | ' | 575,000,000 | 575,000,000 | ' | 330,000,000 | 330,000,000 | ' | 215,000,000 | ' | 180,234,000 | 182,500,000 | 185,000,000 | ' | 109,745,000 | ' | 1,496,047,000 | ' | 212,000 | 5,847,000 |
Less: current maturities of long-term debt | -503,776,000 | -481,886,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term debt, net of current maturities | $6,365,982,000 | $5,394,721,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | 1-Oct-14 | 1-Oct-14 | ' | 15-Aug-19 | 15-Aug-19 | ' | 1-Oct-19 | 1-Oct-19 | ' | 15-Jul-20 | 15-Jul-20 | ' | 16-Apr-40 | 15-Apr-15 | ' | 15-Apr-42 | 17-Apr-17 | ' | 15-Dec-42 | 15-Dec-17 | ' | 17-Apr-43 | 17-Apr-18 | ' | 17-Apr-48 | 17-Apr-23 | ' | 17-Apr-43 | 17-Apr-18 | ' | 9-May-17 | ' | 30-Jun-18 | ' | 9-May-17 | ' | 28-Sep-19 | ' | 24-Mar-21 | 24-Mar-21 | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | 4.00% | 4.00% | ' | 8.25% | 8.25% | ' | 5.63% | 5.63% | ' | 5.75% | 5.75% | ' | 4.25% | 4.25% | ' | 5.10% | 5.10% | ' | 2.93% | 2.93% | ' | 2.24% | 2.24% | ' | 3.72% | 3.72% | ' | 3.60% | 3.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Schedule_Of_Cash_And_NonC
Debt (Schedule Of Cash And Non-Cash Interest Expense) (Details) (USD $) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Apr. 29, 2009 | Mar. 31, 2014 | Mar. 31, 2013 | Jul. 24, 2009 | Mar. 31, 2014 | Mar. 31, 2013 | Sep. 28, 2012 | Mar. 31, 2014 | Mar. 31, 2013 | Jul. 13, 2012 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 |
1.875% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 2010 Secured Tower Revenue Securities [Member] | 2010 Secured Tower Revenue Securities [Member] | 2012 Secured Tower Revenue Securities [Member] | 2012 Secured Tower Revenue Securities [Member] | 2013 Secured Tower Revenue Securities [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-1 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2014 Term Loan [Member] | Other [Member] | Other [Member] | |||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash Interest | $66,027 | $59,465 | $2,120 | $4,998 | $5,000 | ' | $5,027 | $5,027 | ' | $7,031 | $7,031 | ' | $11,500 | $11,500 | ' | $14,345 | $14,344 | $4,521 | $4,521 | $10,804 | $1,332 | $1,362 | $696 | $4,617 | $1,000 | $1,200 | $424 | $2,812 | $4,130 | $219 | ($69) |
Non-cash Interest | $10,304 | $17,364 | $8,273 | $10,202 | $8,975 | ' | $48 | $44 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $7 | $45 | ' | ' | $4 | $27 | $43 | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | 4.00% | ' | 4.00% | 8.25% | ' | 8.25% | 5.63% | ' | 5.63% | 5.75% | ' | 5.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_40_Convertible_Senior_Not1
Debt (4.0% Convertible Senior Notes due 2014 - Carrying Value Of Debt) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Debt Instrument [Line Items] | ' | ' |
Principal Balance | $6,896,372,000 | $5,910,041,000 |
Carrying Value | 6,869,758,000 | 5,876,607,000 |
4.0% Convertible Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Principal Balance | 499,910,000 | 499,944,000 |
Debt discount | -21,346,000 | -31,550,000 |
Carrying Value | $478,564,000 | $468,394,000 |
Shareholders_Equity_Narrative_
Shareholders' Equity (Narrative) (Details) (USD $) | Mar. 31, 2014 | Apr. 29, 2009 | Apr. 27, 2011 | Mar. 31, 2014 |
In Millions, unless otherwise specified | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | Current Stock Repurchase Program [Member] | Current Stock Repurchase Program [Member] |
Class A Common Stock [Member] | Class A Common Stock [Member] | |||
Class of Stock [Line Items] | ' | ' | ' | ' |
Debt instrument stated percentage | 4.00% | 4.00% | ' | ' |
Stock repurchase program, authorized | ' | ' | $300 | $300 |
Stock repurchase program, remaining authorization | ' | ' | ' | $150 |
StockBased_Compensation_Narrat
Stock-Based Compensation (Narrative) (Details) (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Stock-Based Compensation [Abstract] | ' | ' |
Weighted-average fair value of options granted | $19.48 | $17.29 |
Total intrinsic value for options exercised | $23 | $8.10 |
StockBased_Compensation_Schedu
Stock-Based Compensation (Schedule Of Assumptions Used To Estimate Fair Value Of Stock Options) (Details) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Risk free interest rate | 1.15% | ' |
Risk free interest rate, Minimum | ' | 0.60% |
Risk free interest rate, Maximum | ' | 0.81% |
Dividend yield | 0.00% | 0.00% |
Expected volatility | 22.00% | ' |
Expected lives | '4 years 4 months 24 days | ' |
Minimum [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Expected volatility | ' | 25.00% |
Expected lives | ' | '3 years 10 months 24 days |
Maximum [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Expected volatility | ' | 29.00% |
Expected lives | ' | '4 years 9 months 18 days |
StockBased_Compensation_Compan
Stock-Based Compensation (Company's Activities With Respect To Its Stock Options) (Details) (USD $) | 3 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 |
Stock-Based Compensation [Abstract] | ' |
Number of Shares Outstanding, Beginning Balance | 2,979 |
Number of Shares, Granted | 1,086 |
Number of Shares, Exercised | -381 |
Number of Shares, Canceled | -8 |
Number of Shares Outstanding, Ending Balance | 3,676 |
Number of Shares Exercisable, Ending Balance | 1,417 |
Number of Shares Unvested, Ending Balance | 2,259 |
Weighted-Average Exercise Price Per Share Outstanding, Beginning Balance | $48.30 |
Weighted-Average Exercise Price Per Share, Granted | $95.53 |
Weighted-Average Exercise Price Per Share, Exercised | $33.97 |
Weighted-Average Exercise Price Per Share, Canceled | $63.92 |
Weighted-Average Exercise Price Per Share Outstanding, Ending Balance | $63.70 |
Weighted-Average Exercise Price Per Share Exercisable, Ending Balance | $40.12 |
Weighted-Average Exercise Price Per Share Unvested, Ending Balance | $78.50 |
Weighted-Average Remaining Contractual Life (in Years) Outstanding at March 31, 2014 | '5 years 1 month 6 days |
Weighted-Average Remaining Contractual Life (in years) Exercisable at March 31, 2014 | '3 years 3 months 18 days |
Weighted-Average Remaining Contractual Life (in years) Unvested at March 31, 2014 | '6 years 2 months 12 days |
Aggregate Intrinsic Value Exercisable at March 31, 2014 | $105,154 |
Aggregate Intrinsic Value Outstanding at March 31, 2014 | 72,039 |
Aggregate Intrinsic Value Unvested at March 31, 2014 | $33,115 |
StockBased_Compensation_Compan1
Stock-Based Compensation (Company's Restricted Stock Unit Activity) (Details) (USD $) | 3 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 |
Stock-Based Compensation [Abstract] | ' |
Number of Units Outstanding, Beginning Balance | 305 |
Number of Units, Granted | 110 |
Number of Units, Vested | -109 |
Number of Units, Forfeited/Canceled | -1 |
Number of Units Outstanding, Ending Balance | 305 |
Weighted-Average Grant Date Fair Value per Share Outstanding, Beginning Balance | $55.60 |
Weighted-Average Grant Date Fair Value per Share, Granted | $95.53 |
Weighted-Average Grant Date Fair Value per Share, Vested | $49.83 |
Weighted-Average Grant Date Fair Value per Share, Forfeited/Canceled | $59.51 |
Weighted-Average Grant Date Fair Value per Share Outstanding, Ending Balance | $72.09 |
Segment_Data_Narrative_Details
Segment Data (Narrative) (Details) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
segment | |||
Segment Data [Abstract] | ' | ' | ' |
Number of business segments | 2 | ' | ' |
Percentage of revenue generated from the foreign countries | 11.10% | 7.10% | ' |
Percentage of total assets in the foreign countries | 21.90% | ' | 15.30% |
Segment_Data_Segment_Reporting
Segment Data (Segment Reporting Information Disclosure) (Details) (USD $) | 3 Months Ended | |||||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |||
Segment Reporting Information [Line Items] | ' | ' | ' | |||
Revenues | $345,550 | $313,071 | ' | |||
Cost of revenues | 97,167 | [1] | 100,695 | [1] | ' | |
Depreciation, amortization and accretion | 144,442 | 125,636 | ' | |||
Operating income (loss) | 67,136 | 56,765 | ' | |||
Capital expenditures | 965,463 | [2] | 246,401 | [2] | ' | |
Assets | 7,791,342 | ' | 6,783,188 | |||
Site Leasing Revenue [Member] | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | |||
Revenues | 309,320 | 273,504 | ' | |||
Cost of revenues | 69,740 | [1] | 68,101 | [1] | ' | |
Depreciation, amortization and accretion | 143,031 | 124,608 | ' | |||
Operating income (loss) | 63,843 | 51,593 | ' | |||
Capital expenditures | 963,446 | [2] | 244,139 | [2] | ' | |
Assets | 7,287,561 | ' | 6,468,370 | |||
Site Development [Member] | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | |||
Revenues | 36,230 | 39,567 | ' | |||
Cost of revenues | 27,427 | [1] | 32,594 | [1] | ' | |
Depreciation, amortization and accretion | 519 | 559 | ' | |||
Operating income (loss) | 6,328 | 4,482 | ' | |||
Capital expenditures | 1,841 | [2] | 1,808 | [2] | ' | |
Assets | 61,188 | ' | 76,214 | |||
Not Identified by Segment [Member] | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | |||
Depreciation, amortization and accretion | 892 | [3] | 469 | [3] | ' | |
Operating income (loss) | -3,035 | [3] | 690 | [3] | ' | |
Capital expenditures | 176 | [2],[3] | 454 | [2],[3] | ' | |
Assets | $442,593 | [3] | ' | $238,604 | [3] | |
[1] | Excludes depreciation, amortization, and accretion. | |||||
[2] | Includes cash paid for capital expenditures and acquisitions and related earn-outs and vehicle capital lease additions. | |||||
[3] | Assets not identified by segment consist primarily of general corporate assets. |
Tenant_Leases_Details
Tenant Leases (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Tenant Leases [Abstract] | ' | ' |
2014 | $1,099,064 | $1,047,083 |
2015 | 1,000,515 | 948,851 |
2016 | 866,892 | 820,805 |
2017 | 743,691 | 702,205 |
2018 | $596,435 | $556,499 |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 3 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Apr. 29, 2009 | Mar. 31, 2014 | Mar. 31, 2014 |
4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | Stock Options [Member] | Convertible Debt Securities [Member] | |||
4.0% Convertible Senior Notes [Member] | ||||||
Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' |
Net income (loss) | $1,407 | ($22,376) | ' | ' | ' | ' |
Basic weighted-average shares outstanding | 128,560,000 | 127,057,000 | ' | ' | ' | ' |
Dilutive impact of stock options and restricted shares | 1,262,000 | ' | ' | ' | ' | ' |
Dilutive impact of common stock warrants | 8,534,000 | ' | ' | ' | ' | ' |
Diluted weighted-average shares outstanding | 138,356,000 | 127,057,000 | ' | ' | ' | ' |
Earnings (loss) per share attributable to continuing operations: | ' | ' | ' | ' | ' | ' |
Basic | $0.01 | ($0.18) | ' | ' | ' | ' |
Diluted | $0.01 | ($0.18) | ' | ' | ' | ' |
Securities excluded from earnings per share calculation | ' | ' | ' | ' | 300,000 | 16,500,000 |
Debt instrument stated percentage | ' | ' | 4.00% | 4.00% | ' | ' |