Crown Castle (CCI) 10-Q/A 28 Aug 09 2009 Q2 Quarterly report (amended) Financial data

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet (USD $)
In Thousands	Jun. 30, 2009	Dec. 31, 2008
Current assets:
Cash and cash equivalents	$334,989	$155,219
Restricted cash	190,886	147,852
Receivables, net of allowance for doubtful accounts of $6,535 and $6,267, respectively	35,927	37,621
Deferred site rental receivables	22,241	29,650
Prepaid expenses	76,535	74,295
Deferred income tax assets	72,885	28,331
Other current assets	7,771	12,200
Total current assets	741,234	485,168
Restricted cash	5,000	5,000
Deferred site rental receivables	185,157	144,474
Property and equipment, net	4,964,104	5,060,126
Goodwill	1,984,183	1,983,950
Other intangible assets, net	2,478,757	2,551,332
Deferred financing costs and other assets, net of accumulated amortization of $53,131 and $40,096, respectively	193,978	131,672
Total assets	10,552,413	10,361,722
Current liabilities:
Accounts payable	27,324	33,808
Accured interest	60,298	16,771
Deferred revenues	167,527	174,213
Interest rate swaps	161,805	52,539
Other accrued liabilities	66,816	90,810
Short-term debt and current maturities of long-term debt	248,720	466,217
Total current liabilities	732,490	834,358
Long-term debt	6,024,623	5,630,527
Deferred ground lease payables	217,934	199,399
Deferred income tax liabilities	72,747	40,446
Interest rate swaps	119,783	488,632
Other liabilities	145,997	137,769
Total liabilities	7,313,574	7,331,131
Commitments and contingencies (note 9)
Redeemable preferred stock, $0.1 par value; 20,000,000 shares authorized; shares issued and outstanding: June 30, 2009 and December 31, 2009-6,361,000; stated net of unamortized issue costs; mandatory redemption and aggregate liquidation value of $318,050	315,190	314,726
CCIC stockholders' equity:
Common stock, $.01 par value; 600,000,000 shares authorized; shares issued and outstanding: June 30, 2009-290,792,627 and December 31, 2008-288,464,431	2,908	2,885
Additional paid-in capital	5,638,213	5,614,507
Accumulated other comprehensive income (loss)	(111,985)	(408,329)
Accumulated deficit	(2,604,441)	(2,493,198)
Total CCIC stockholder' equity	2,924,695	2,715,865
Noncontrolling interest	(1,046)	0
Total equity	2,923,649	2,715,865
Total liablities and equity	$10,552,413	$10,361,722

1_Condensed Consolidated Balanc

Condensed Consolidated Balance Sheet Parentheticals (USD $)
In Thousands, unless otherwise specified	Jun. 30, 2009	Dec. 31, 2008
Condensed Consolidated Balance Sheet Parentheticals
Allowance for doubtful accounts receivable, current	$6,535	$6,267
Accumulated amortization	53,131	40,096
Par value. redeemable preferred stock	0.1	0.1
Shares authorized, redeemable preferred stock	20,000,000	20,000,000
Shares issued, redeemable preferred stock	6,361,000	6,361,000
Shares outstanding, redeemable preferred stock	6,361,000	6,361,000
Mandatory redemption and aggregate liquidation value, redeemable preferred stock	$318,050	$318,050
Par value, common stock	0.01	0.01
Shares authorized, common stock	600,000,000	600,000,000
Shares issued, common stock	290,792,627	288,464,431
Shares outstanding, common stock	290,792,627	288,464,431

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data	3 Months Ended Jun. 30, 2009		3 Months Ended Jun. 30, 2008		6 Months Ended Jun. 30, 2009		6 Months Ended Jun. 30, 2008
Net revenues:
Site rental	$376,444		$348,523		$744,111		$693,556
Network services and other	33,430		30,990		68,673		56,578
Net revenues	409,874		379,513		812,784		750,134
Costs of operations:
Site rental	113,382	[1]	113,746	[1]	223,080	[1]	226,126	[1]
Network services and other	21,009	[1]	21,820	[1]	43,070	[1]	40,231	[1]
General and administrative	38,102		38,492		74,739		73,478
Asset write-down charges	7,295		4,993		11,386		6,297
Acquisition and integration costs	0		0		0		2,504
Depreciation, amortization and accretion	131,597		131,896		264,773		263,929
Total operating expenses	311,385		310,947		617,048		612,565
Operating income (loss)	98,489		68,566		195,736		137,569
Interest expense and amortization of deferred financing costs	(110,250)		(88,757)		(215,837)		(177,902)
Gains (losses) on purchases and redemptions of debt	(98,676)		0		(85,326)		0
Net gain (loss) on interest rate swaps	(59,528)		0		(55,733)		0
Interest and other income (expense)	3,249		206		3,003		2,516
Income (loss) before income taxes	(166,716)		(19,985)		(158,157)		(37,817)
Benefit (provision) for income taxes	54,949		80,324		56,440		84,983
Net income (loss)	(111,767)		60,339		(101,717)		47,166
Less: Net income (loss) attributable to the noncontrolling interest	(349)		0		(876)		0
Net income (loss) attributable to CCIC stockholders	(111,418)		60,339		(100,841)		47,166
Dividends on preferred stock	(5,201)		(5,201)		(10,402)		(10,403)
Net income (loss) attributable to CCIC stockholders after deduction of dividends on preferred stock	(116,619)		55,138		(111,243)		36,763
Net income (loss)	(111,767)		60,339		(101,717)		47,166
Available-for-sale securities, net of tax:
Unrealized gains (losses) on available-for-sale securities, net of taxes of $0, $0, $0 and $0, respectively	8,038		(9,487)		8,960		(23,191)
Derivative instruments:
Net change in fair value of cash flow hedging instruments, net of taxes of $52,370, 33,088, $46,999 and $983, respectively	78,432		61,450		126,666		1,827
Amounts reclassified into results of operations, net of taxes of $265, $1,059, $529 and $938, respectively	137,916		1,966		138,809		1,742
Foreign currency translation adjustments	26,889		9,048		21,877		15,993
Comprehensive income (loss)	139,508		123,316		194,595		43,537
Less: Comprehensive income (loss) attributable to the noncontrolling interest	(369)		0		(908)		0
Comprehensive income attributable to CCIC stockholders	$139,877		$123,316		$195,503		$43,537
Net income (loss) attributable to CCIC common stockholders, after deduction of dividends on preferred stock, per common share:
Basic	-0.41		0.2		-0.39		0.13
Diluted	-0.41		0.19		-0.39		0.13
Weighted-average common shares outstanding:
Basic	286,449		279,428		286,181		279,384
Diluted	286,449		288,427		286,181		288,242
[1]Exclusive of depreciation, amortization, and accretion shown separately.

2_Condensed Consolidated Statem

Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) Parentheticals (USD $)
In Thousands	3 Months Ended Jun. 30, 2009	3 Months Ended Jun. 30, 2008	6 Months Ended Jun. 30, 2009	6 Months Ended Jun. 30, 2008
Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) Parentheticals
Tax effect of unrealized gains (losses) on available-for-sale securities	$0	$0	$0	$0
Tax effect of net change in fair value of cash flow hedging instruments	52,370	33,088	46,999	983
Taxes resulting from amounts reclassified into results of operations	$265	$1,059	$529	$938

3_Condensed Consolidated Statem

Condensed Consolidated Statement of Cash Flows (USD $)
In Thousands	6 Months Ended Jun. 30, 2009	6 Months Ended Jun. 30, 2008
Cash flows from operating activities:
Net income (loss)	($101,717)	$47,166
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation, amortization and accretion	264,773	263,929
(Gains) losses on purchases and redemptions of long-term debt	85,326	0
Amortization of deferred financing costs and other non-cash interest	25,662	11,070
Stock-based compensation expense	15,031	12,040
Asset write-down charges	11,386	6,297
Deferred income tax benefit (provision)	(59,780)	(83,312)
Income (expense) from forward-starting interest rate swaps	55,733	0
Other adjustments	380	742
Changes in assets and liabilities, excluding the effects of acquistions:
Increase (decrease) in accrued interest	43,527	413
Increase (decrease) in accounts payable	(7,040)	(4,597)
Increase (decrease) in deferred revenues, deferred ground lease payables, other accrued liablilites and other liabilities	(28,382)	(335)
Decrease (increase) in receivables	2,852	7,602
Decrease (increase) in prepaid expenses, deferred site rental receivables and other assets	(38,293)	(44,904)
Net cash provided by (used for) operating activities	269,458	216,111
Cash flows from investing activities:
Proceeds from disposition of property and equipment	3,172	1,117
Payment for acquisitions (net of cash acquired) of businesses	1,739	0
Capital expenditures	(78,908)	(202,434)
Net cash provided by (used for) investing activities	(77,475)	(201,317)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	1,978,848	0
Proceeds from issuance of capital stock	9,778	6,506
Principal payments on long-term debt	(3,250)	(3,250)
Purchases and redemptions of long-term debt	(1,721,486)	0
Purchases of capital stock	(1,218)	(44,338)
Borrowings under revolving credit agreements	50,000	75,000
Payments under revolving credit agreements	(219,400)	0
Payments for financing costs	(49,815)	(1,538)
Net (increase) decrease in restricted cash	(43,034)	(15,082)
Dividends on preferred stock	(9,938)	(9,939)
Net cash provided by (used for) financing activities	(9,515)	7,359
Effect of exchange rate changes on cash	(2,698)	1,356
Net increase (decrease) in cash and cash equivalents	179,770	23,509
Cash and cash equivalents at beginning of the period	155,219	75,245
Cash and cash equivalents at end of period	$334,989	$98,754

General

General
	6 Months Ended Jun. 30, 2009 USD / shares
General
Organization Consolidation Presentation of Financial Statements and Significant Accounting Policies	1. General The information contained in the following notes to the consolidated financial statements is condensed from that which would appear in the annual consolidated financial statements; accordingly, the consolidated financial statements included herein should be reviewed in conjunction with the consolidated financial statements for the fiscal year ended December31, 2008, and related notes thereto, included in the 2008 Form 10-K filed by Crown Castle International Corp. (CCIC) with the Securities and Exchange Commission (SEC). All references to the Company include CCIC and its subsidiary companies unless otherwise indicated or the context indicates otherwise. The Company owns, operates and leases towers and other communications structures (collectively, towers). The Companys primary business is the renting of antenna space to wireless communication companies under long-term contracts. To a lesser extent, the Company also provides complementary services to its customers including initial antenna installation and subsequent augmentation, site acquisition, site development and construction, network design and site selection, site management and other services. The Companys assets are primarily located throughout the U.S. and Australia and to a much lesser extent in Puerto Rico, Canada and the U.K. Basis of Presentation The consolidated financial statements included herein are unaudited; however, they include all adjustments (consisting only of normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the consolidated financial position of the Company at June30, 2009, the consolidated results of operations for the three and six months ended June30, 2008 and 2009 and the consolidated cash flows for the six months ended June30, 2008 and 2009. Accounting measurements at interim dates inherently involve greater reliance on estimates than at year end. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the entire year. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company has evaluated subsequent events through August5, 2009, which was the date the financial statements were issued. Certain reclassifications have been made to the financial statements for prior periods in order to conform to the presentation for the six months ended June30, 2009. In addition, the Company adopted the presentation and disclosure requirements of SFAS 160. See note 2. Summary of Significant Accounting Policies The significant accounting policies used in the preparation of the Companys consolidated financial statements are disclosed in the Companys 2008 Form 10-K with the exception of acquisition and integration costs

New Accounting Pronouncements

New Accounting Pronouncements
	6 Months Ended Jun. 30, 2009 USD / shares
New Accounting Pronouncements
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	2. New Accounting Pronouncements In September 2006, the FASB issued SFAS 157, which defines fair value, establishes a framework for measuring fair value in U.S. generally accepted accounting principles, and expands disclosures about fair value measurements. In April 2009, FASB amended SFAS 157 to provide additional guidance for estimating fair value when the volume and level of activity have significantly decreased and guidance on identifying a transaction that is not orderly. On January1, 2008, the Company adopted the provisions of SFAS 157, with the exception of a one-year deferral of implementation for non-financial assets and liabilities that are not recognized or disclosed at fair value on a recurring basis (at least annually), which was adopted on January1, 2009. The significant categories of assets and liabilities included in the Companys deferred implementation of SFAS 157 are (1)non-financial assets and liabilities initially measured at fair value in a business combination, (2)impairment assessments of long-lived assets, goodwill, and other intangible assets, and (3)asset retirement obligations initially measured at fair value. The requirements of SFAS 157 were applied prospectively. The January1, 2009 adoption of the portions of SFAS 157 which were permitted to be initially deferred did not have a material impact on the Companys consolidated financial statements. In December 2007, the FASB issued SFAS 160, which amends Accounting Research Bulletin No.51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. SFAS 160 clarifies that a noncontrolling interest in a subsidiary is an ownershipinterest in the consolidated entity that should be reported as equity in the consolidated financial statements. SFAS 160 requires consolidated net income to be reported at amounts that include the amounts attributable to both the parent and the noncontrolling interest. On January1, 2009, the Company adopted the provisions SFAS 160. The adoption of SFAS 160 did not have a material impact on the Companys consolidated financial statements. As a result of adoption of SFAS 160, the Company has prospectively recorded the income or losses applicable to the noncontrolling interest of CCAL even though the noncontrolling stockholders share of the cumulative losses exceeded its equity interest. In December 2007, the FASB issued SFAS 141(R), which replaces SFAS 141. SFAS 141(R) establishes principles and requirements for recognizing and measuring identifiable assets and goodwill acquired, liabilities assumed and any noncontrolling interest in an acquisition, at their fair value as of the acquisition date. SFAS 141(R) changed the accounting treatment of certain items, including (1)acquisition and restructuring costs are generally expensed as incurred, (2)noncontrolling interests are valued at fair value at the acquisition date, (3)contingent consideration will be recognized at the time of acquisition, and (4)changes in deferred tax asset valuation allowances and income tax uncertainties after the acquisition date will affect the provision for income taxes.

Property and Equipment

Property and Equipment
	6 Months Ended Jun. 30, 2009 USD / shares
Property and Equipment
Property, Plant and Equipment Disclosure [Text Block]	3. Property and Equipment The major classes of property and equipment are as follows: Estimated UsefulLives December31, 2008 June30, 2009 Land $ 596,100 $ 605,944 Buildings 40years 35,040 35,782 Telecommunications towers 1-20years 6,802,316 6,935,106 Transportation and other equipment 3-5 years 26,505 25,809 Office furniture and equipment 2-10 years 110,997 115,114 Construction in process 103,623 78,425 7,674,581 7,796,180 Less: accumulated depreciation (2,614,455 ) (2,832,076 ) $ 5,060,126 $ 4,964,104 Depreciation expense was $191.1 million and $190.5 million for the six months ended June30, 2008 and 2009, respectively.

Intangible Assets

Intangible Assets
	6 Months Ended Jun. 30, 2009 USD / shares
Intangible Assets
Intangible Assets Disclosure [Text Block]	4. Intangible Assets Virtually all of the intangible assets are recorded at CCUSA. As of June30, 2009, $2.4 billion of the consolidated net intangible assets relate to site rental contracts. As of June30, 2009, the accumulated amortization on the consolidated intangible assets was $401.7 million. Amortization expense related to intangible assets is classified as follows on the Companys consolidated statement of operations and comprehensive income (loss): Three Months Ended June 30, Six Months Ended June 30, Classification 2008 2009 2008 2009 Depreciation, amortization and accretion $ 35,824 $ 36,075 $ 71,502 $ 72,089 Site rental costs of operations 1,133 1,020 2,300 2,047 Total amortization expense $ 36,957 $ 37,095 $ 73,802 $ 74,136

Debt and Interest Rate Swaps

Debt and Interest Rate Swaps
	6 Months Ended Jun. 30, 2009 USD / shares
Debt and Interest Rate Swaps	5. Debt and Interest Rate Swaps The Companys indebtedness consists of the following: Original IssueDate Contractual MaturityDate Outstanding Balanceasof December31, 2008 Outstanding Balanceasof June30, 2009 StatedInterest Rate as of June30, 2009(d) Bank debt variable rate: Revolver Jan.2007 Jan. 2010 $ 169,400 $ 1.7 %(g) 2007 Term Loans Jan./March2007 March2014 638,625 635,375 1.8 %(g) Total bank debt 808,025 635,375 Securitized debt fixed rate: 2006 Mortgage Loan Feb. 2006(a) Feb. 2011 1,548,351 2004 Mortgage Loan Dec. 2004(a) Dec. 2009 290,317 219,774 (i)(c) 4.7 % 2006 Tower Revenue Notes Nov. 2006 Nov.2036(b) 1,550,000 1,550,000 5.7 %(b) 2005 Tower Revenue Notes June 2005 June2035(b) 1,900,000 1,884,179 (i) 4.9 %(b) Total securitized debt 5,288,668 3,653,953 High yield bonds fixed rate: 9% Senior Notes(h) Jan. 2009 Jan. 2015 818,334 (f) 9.0 %(f) 7.75% Secured Notes(h) April 2009 May 2017 1,165,630 7.8 %(e) 7.5% Senior Notes Dec. 2003 Dec. 2013 51 51 7.5 % Total high yield bonds 51 1,984,015 Total indebtedness 6,096,744 6,273,343 Less: current maturities and short-term debt 466,217 248,720 Non-current portion of long-term debt $ 5,630,527 $ 6,024,623 (a) The 2004 Mortgage Loan and 2006 Mortgage Loan remained outstanding as obligations of Global Signal following the completion of the Global Signal Merger. (b) If the 2005 Tower Revenue Notes and the 2006 Tower Revenue Notes (collectively, Tower Revenue Notes) are not paid in full on or prior to June 2010 or November 2011, respectively, then Excess Cash Flow (as defined in the indenture) of the Issuers (as defined in the indenture) will be used to repay principal of the Tower Revenue Notes, and additional interest (by an additional approximately 5%per annum) will accrue on the Tower Revenue Notes. (c) The 2004 Mortgage Loan is net of $1.7 million of unamortized purchase price adjustments as of June30, 2009. (d) Represents the weighted-average stated interest rate. (e) The effective yield is approximately 8.2%, inclusive of the discount. (f) The effective yield is approximat

Stockholders' Equity

Stockholders' Equity
	1/1/2009 - 6/30/2009 USD / shares
Stockholders' Equity Note Disclosure [Text Block]	6. Stockholders Equity In February 2009, the Company issued 59,500 shares of common stock to the non-employee members of its board of directors. In connection with these shares, the Company recognized stock-based compensation expense of $1.0 million for the six months ended June30, 2009. The following table provides a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to the CCIC stockholders and equity attributable to the noncontrolling interest. CCIC Stockholders Noncontrolling Interest Total Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Income (Loss) Accumulated Deficit Balance, March31, 2008 $ 2,823 $ 5,525,492 $ (40,440 ) $ (2,441,909 ) $ $ 3,045,966 Issuances of capital stock, net of forfeitures 4 5,721 5,725 Purchases and retirement of capital stock (1,975 ) (1,975 ) Stock-based compensation 6,622 6,622 Other comprehensive income(a) 62,977 62,977 Dividends on preferred stock (5,201 ) (5,201 ) Net income (loss) 60,339 60,339 Balance, June30, 2008 $ 2,827 $ 5,535,860 $ 22,537 $ (2,386,771 ) $ $ 3,174,453 CCIC Stockholders Noncontrolling Interest Total Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Income (Loss) Accumulated Deficit Balance, March31, 2009 $ 2,905 $ 5,624,485 $ (363,280 ) $ (2,487,822 ) $ (539 ) $ 2,775,749 Issuances of capital stock, net of forfeitures 3 5,701 5,704 Purchases and retirement of capital stock (28 ) (138 ) (166 ) Stock-based compensation 8,055 8,055 Other comprehensive income(a) 251,295 (20 ) 251,275 Dividends on preferred stock (5,201 ) (5,201 ) Net income (loss) (111,418 ) (349 ) (111,767 ) Balance, June30, 2009 $ 2

Fair Value Disclosures

Fair Value Disclosures
	6 Months Ended Jun. 30, 2009 USD / shares
Fair Value Disclosures
Fair Value Disclosures [Text Block]	7. Fair Value Disclosures The following is the estimated fair values of the Companys financial instruments, along with the carrying amounts of the related assets (liabilities). December31, 2008 June30, 2009 Carrying Amount Fair Value Carrying Amount Fair Value Cash and cash equivalents $ 155,219 $ 155,219 $ 334,989 $ 334,989 Restricted cash 152,852 152,852 195,886 195,886 Available-for-sale securities 4,216 4,216 13,176 13,176 Short-term and long-term debt (6,096,744 ) (4,803,540 ) (6,273,343 ) (6,279,951 ) Interest rate swaps, net (541,171 ) (541,171 ) (281,588 ) (281,588 ) The fair value of available-for-sale securities is based on quoted market prices. The fair value of interest rate swaps is determined using the income approach and is predominately based on observable interest rates and yield curves and, to a lesser extent, the Companys and the contract counterpartys credit risk. The credit risk input for interest rate swap fair values is primarily based on implied spreads from quoted market prices on the Companys outstanding debt and managements knowledge of current credit spreads in the debt market. The fair value of cash and cash equivalents and restricted cash approximate the carrying value. The estimated fair value of the Companys debt securities is based on indicative quotes (that is 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 or quotes from active markets if available. There were no changes since December31, 2008 in the Companys valuation techniques used to measure fair values. The following table presents information about the Companys assets and liabilities measured at fair value on a recurring basis as of June30, 2009 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. Assets at Fair Value as of June30, 2009 Level1 Level2 Level3 Total Cash and cash equivalents $ 334,989 $ 334,989 Restricted cash 195,886 195,886 Available-for-sale securities 13,176 13,176 $ 544,051 $ 544,051 Liabilities at Fair Value as of June30, 2009 Level1 Level2 Level3 Total Interest rate swaps $ $ $ 281,588 (a) $ 281,588 (a) As of June30, 2009, the liability on a cash settlement basis of $310.0 million has been reduced by $28.4 million, related to credit risk (primarily the Companys non-performance risk) to reflect the interest rate swaps at fair value. The

Per Share Information

Per Share Information
	6 Months Ended Jun. 30, 2009 USD / shares
Per Share Information (PerShareInformation)
Per Share Information	8. Per Share Information Basic net income (loss) attributable to CCIC common stockholders, after deduction of dividends on preferred stock, per common share excludes dilution and is computed by dividing net income (loss) attributable to CCIC stockholders after deduction of dividends on preferred stock by the weighted-average number of common shares outstanding in the period. Diluted income (loss) attributable to CCIC common stockholders, after deduction of dividends on preferred stock, per common share is computed by dividing net income (loss) attributable to CCIC stockholders after deduction of dividends on preferred stock by the weighted-average number of common shares outstanding during the period plus any potential dilutive common share equivalents, including shares issuable (1)upon exercise of stock options and warrants and the vesting of restricted stock awards as determined under the treasury stock method and (2)upon conversion of the Companys convertible notes and preferred stock, as determined under the if-converted method. A reconciliation of the numerators and denominators of the basic and diluted per share computations is as follows: ThreeMonthsEnded June30, SixMonthsEnded June30, 2008 2009 2008 2009 Net income (loss) attributable to CCIC stockholders $ 60,339 $ (111,418 ) $ 47,166 $ (100,841 ) Dividends on preferred stock (5,201 ) (5,201 ) (10,403 ) (10,402 ) Net income (loss) attributable to CCIC stockholders after deduction of dividends on preferred stock for basic and diluted computations 55,138 (116,619 ) 36,763 (111,243 ) Effect of assumed dilution from potential common shares: Interest expense on 4% convertible senior notes, net of tax 414 829 Net income (loss) attributable to CCIC stockholders after deduction of dividends on preferred stock for dilutive computation $ 55,552 $ (116,619 ) $ 37,592 $ (111,243 ) Weighted average number of common shares outstanding (in thousands): Basic weighted-average number of common shares outstanding 279,428 286,449 279,384 286,181 Effect of assumed dilution from potential common shares: Options to purchase shares of common stock 2,472 2,387 Shares of restricted common stock 644 588 4% Convertible Senior Notes 5,883 5,883 Diluted weighted-average number of common shares outstanding 288,427 286,449 288,242 286,181

Commitments and Contingencies D

Commitments and Contingencies Disclosure
	6 Months Ended Jun. 30, 2009 USD / shares
Commitments and Contingencies
Commitments and Contingencies Disclosure [Text Block]	9. Commitments and Contingencies The Company is involved in various claims, lawsuits and proceedings arising in the ordinary course of business along with a derivative lawsuit as described below. While there are uncertainties inherent in the ultimate outcome of such matters and it is impossible to presently determine the ultimate costs or losses that may be incurred, if any, management believes the resolution of such uncertainties and the incurrence of such costs should not have a material adverse effect on the Companys consolidated financial position or results of operations. In February 2007, plaintiffs filed a consolidated petition styled In Re Crown Castle International Corp. Derivative Litigation, Cause No.2006-49592; in the 234th Judicial District Court, Harris County, Texas which consolidated five stockholder derivative lawsuits filed in 2006. The lawsuit names various of the Companys current and former directors and officers. The lawsuit makes allegations relating to the Companys historic stock option practices and alleges claims for breach of fiduciary duty and other similar matters. Among the forms of relief, the lawsuit seeks alleged monetary damages sustained by CCIC.

Operating Segments

Operating Segments
	6 Months Ended Jun. 30, 2009 USD / shares
Operating Segments
Segment Reporting Disclosure [Text Block]	10. Operating Segments The Companys reportable operating segments for the three and six months ended June30, 2009 are (1)CCUSA, primarily consisting of the Companys U.S. (including Puerto Rico) tower operations and (2)CCAL, the Companys Australian tower operations. Financial results for the Company are reported to management and the board of directors in this manner. The measurement of profit or loss currently used by management to evaluate the results of operations for the Company and its operating segments is earnings before interest, taxes, depreciation, amortization and accretion, as adjusted (Adjusted EBITDA). The Company defines Adjusted EBITDA as net income (loss) plus restructuring charges (credits), asset write-down charges, acquisition and integration costs, depreciation, amortization and accretion, interest expense and amortization of deferred financing costs, gains (losses) on purchases and redemptions of debt, net gain (loss) on interest rate swaps, impairment of available-for-sale securities, interest and other income (expense), benefit (provision) for income taxes, cumulative effect of change in accounting principle, income (loss) from discontinued operations and stock-based compensation expense. Adjusted EBITDA is not intended as an alternative measure of operating results or cash flow from operations (as determined in accordance with U.S. generally accepted accounting principles), and the Companys measure of Adjusted EBITDA may not be comparable to similarly titled measures of other companies. There are no significant revenues resulting from transactions between the Companys operating segments. Inter-company borrowings and related interest between segments are eliminated to reconcile segment results and assets to the consolidated basis. The financial results for the Companys operating segments are as follows: Three Months Ended June30, 2008 Three Months Ended June30, 2009 CCUSA CCAL Eliminations Consolidated Total CCUSA CCAL Eliminations Consolidated Total Net revenues: Site rental $ 328,952 $ 19,571 $ $ 348,523 $ 358,511 $ 17,933 $ $ 376,444 Network services and other 27,016 3,974 30,990 32,098 1,332 33,430 355,968 23,545 379,513 390,609 19,265 409,874 Costs of operations:(a) Site rental 107,474 6,272 113,746 107,983 5,399 113,382 Network services and other 20,320 1,500 21,820 19,915 1,094 21,009 Genera

Stock-Based Compensation

Stock-Based Compensation
	6 Months Ended Jun. 30, 2009 USD / shares
Stock-Based Compensation
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	11. Stock-Based Compensation Restricted Common Stock A summary of restricted stock activity for the six months ended June30, 2009 is as follows: Numberof Shares (Inthousandsofshares) Shares outstanding at December31, 2008 2,749 Shares granted(a) 2,230 Shares vested (202 ) Shares forfeited (450 ) Shares outstanding at June30, 2009 4,327 (a) Weighted-average grant-date fair value of $10.02 per share and a weighted-average requisite service period of 2.6 years. The awards with market conditions included an expected volatility of 46% in the Monte Carlo simulation used to measure grant date fair value. During the six months ended June30, 2009, the Company granted 0.8million shares of restricted stock awards that time vest over a three-year period. During the six months ended June30, 2009, the Company granted 1.4million shares of restricted stock awards (2009 performance awards) to the Companys executives and certain other employees which may vest on the third anniversary of the grant date subject to a market condition. The number of 2009 performance awards that may cliff vest on the third anniversary of the grant date is based upon achieving a price appreciation hurdle along a price range continuum using the highest average closing price per share of common stock for 20 consecutive trading days during the last 180 days of the performance period. If the highest average price achieved during the performance period is the minimum, target and maximum prices of $23.15, $28.10 and $39.06, then 25%, 50% or 100%, respectively, of the 2009 performance awards vest. Achieving a highest average price equal to the minimum price, target price or maximum price would require the common stock to achieve a compound annual growth rate (CAGR) of approximately 13%, 21% or 35%, respectively, from the grant date closing common stock price per share of $15.99. If the highest average price achieved during the performance period is between the minimum, target and maximum prices then the percentage of the shares that vest is determined based on a pro rata basis in relation to the minimum, target and maximum price. To the extent that the requisite service period is rendered, compensation cost for accounting purposes is not reversed; rather, it is recognized regardless of whether or not the market performance target is achieved. The Company recognized stock-based compensation expense related to restricted stock awards of $10.8 million and $14.0 million for the six months ended June, 2008 and 2009, respectively. The unrecognized compensation expense (net of estimated forfeitures) related to restricted stock awards as of June30, 2009 is $38.7 million. Stock-Based Compensation Expense The following table summarizes the components of stock-based compensation expense. For the three and six months ended June30, 2009, the Company recorded tax benefits of $2.8 million and $5.3 million, respectively, related to stock-based compensation expenses. ThreeMonthsEndedJune30,2008 ThreeMonthsEndedJune3

Supplemental Cash Flow Informat

Supplemental Cash Flow Information
	6 Months Ended Jun. 30, 2009 USD / shares
Supplemental Cash Flow Information
Cash Flow, Supplemental Disclosures [Text Block]	12. Supplemental Cash Flow Information Supplemental disclosures of cash flow information and non-cash investing and financing activities are as follows: SixMonthsEnded June30, 2008 2009 Supplemental disclosure of cash flow information: Interest paid $ 164,867 $ 145,643 Income taxes paid 3,382 4,424 Supplemental disclosure of non-cash investing and financing activities: Increase (decrease) in the fair value of available-for-sale securities (23,191 ) 8,960 Increase (decrease) in the fair value of interest rate swaps (note 5) 7,770 (174,067 )

Subsequent Events

Subsequent Events
	6 Months Ended Jun. 30, 2009 USD / shares
Subsequent Events
Schedule of Subsequent Events [Text Block]	13. Subsequent Events Debt Purchases The following is a summary of the purchases of debt through August5, 2009. PrincipalAmount CashPaid(a) Gain(losses)on Purchases 2005 Tower Revenue Notes(b) $ 180,415 $ 181,807 $ (2,110 ) Total purchases $ 180,415 $ 181,807 $ (2,110 ) (a) Exclusive of accrued interest. (b) These debt purchases were made by CCIC, rather than by the subsidiaries issuing the debt, because of restrictions upon the subsidiaries issuing the debt; as a result, the debt remains outstanding at the Companys subsidiaries. 2009 Securitized Notes On July31, 2009, indirect subsidiaries of the Company (2009 Securitized Notes Issuers) issued $250 million principal amount of senior secured notes, series 2009-1 (2009 Securitized Notes) pursuant to an indenture. Such subsidiaries hold a portion of the U.S. towers acquired in the Global Signal Merger. The 2009 Securitized Notes are secured on a first priority basis by a pledge of the equity interests of the subsidiaries holding such towers and by certain other assets of such subsidiaries. The 2009 Securitized Notes are not guaranteed by and are not obligations of CCIC or any of its subsidiaries other than the 2009 Securitized Notes Issuers and the indirect subsidiary of the Company that is the direct parent of the 2009 Securitized Notes Issuers. The 2009 Securitized Notes will be paid solely from the cash flows generated from operations of the towers held by the issuers of the 2009 Securitized Notes. The Company has used the net proceeds to repay the portion of the 2004 Mortgage Loan not previously purchased. The 2009 Securitized Notes consist of $175 million of principal that amortizes during the period beginning in January 2010 and ending in 2019, and $75 million of principal that amortizes during the period beginning in 2019 and ending in 2029. The Company may prepay the 2009 Securitized Notes in whole or in part at any time after the second anniversary of the closing date, provided it is accompanied by any applicable prepayment consideration. The indenture governing the 2009 Securitized Notes contains covenants and restrictions customary for rated securitizations, including provisions prohibiting the issuers from incurring additional indebtedness or further encumbering their assets. The 2009 Securitized Notes contain financial covenants that could result in cash being deposited in a reserve account, with such cash being applied to repay the debt.

Document Information

Document Information
	6 Months Ended Jun. 30, 2009 USD / shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Amendment Description	N/A
Document Period End Date	2009-06-30

Entity Information

Entity Information (USD $)
In Thousands, except Share data	6 Months Ended Jun. 30, 2009	Dec. 31, 2008
Entity Information [Line Items]
Entity Registrant Name	Crown Castle International Corp.
Entity Central Index Key	0001051470
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$10,600,000
Entity Common Stock, Shares Outstanding		288,665,752