Segment Data (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Segment Reporting Information



	Domestic Site		Int'l Site		Site
	Leasing		Leasing		Development		Other		Total

For the three months ended March 31, 2024	(in thousands)
Revenues ⁽¹⁾	$	461,499	$	166,777	$	29,586	$	—	$	657,862
Cost of revenues ⁽²⁾		65,970		48,843		23,178		—		137,991
Operating profit		395,529		117,934		6,408		—		519,871
Selling, general, and administrative expenses		34,348		15,708		4,426		14,216		68,698
Acquisition and new business initiatives
related adjustments and expenses		5,298		2,119		—		—		7,417
Asset impairment and decommission costs		29,913		13,735		—		—		43,648
Depreciation, amortization and accretion		40,345		33,829		834		1,742		76,750
Operating income (loss)		285,625		52,543		1,148		(15,958)		323,358
Other expense, net (principally interest
expense and other income)								(151,888)		(151,888)
Income before income taxes										171,470
Cash capital expenditures ⁽³⁾		41,021		35,602		59		594		77,276

For the three months ended March 31, 2023
Revenues ⁽¹⁾	$	454,833	$	162,435	$	58,248	$	—	$	675,516
Cost of revenues ⁽²⁾		69,750		50,369		44,185		—		164,304
Operating profit		385,083		112,066		14,063		—		511,212
Selling, general, and administrative expenses		31,743		16,730		6,077		17,659		72,209
Acquisition and new business initiatives
related adjustments and expenses		3,232		2,825		—		—		6,057
Asset impairment and decommission costs		19,435		4,886		—		2,069		26,390
Depreciation, amortization and accretion		119,487		60,412		916		1,600		182,415
Operating income (loss)		211,186		27,213		7,070		(21,328)		224,141
Other expense, net (principally interest
expense and other income)								(80,079)		(80,079)
Income before income taxes										144,062
Cash capital expenditures ⁽³⁾		44,636		23,033		395		1,256		69,320



	Domestic Site		Int'l Site		Site
	Leasing		Leasing		Development		Other ⁽⁴⁾		Total

Assets	(in thousands)
As of March 31, 2024	$	5,832,986	$	3,743,958	$	42,665	$	375,657	$	9,995,266
As of December 31, 2023	$	5,876,648	$	3,871,164	$	66,001	$	364,628	$	10,178,441

(1)For the three months ended March 31, 2024 and 2023, site leasing revenue in Brazil was $97.5 million and $93.8 million, respectively. Other than Brazil, no foreign country represented more than 5% of the Company’s total site leasing revenue in any of the periods presented.

(2)Excludes depreciation, amortization, and accretion.

(3)Includes cash paid for capital expenditures, acquisitions, and right-of-use assets.

(4)Assets in Other consist primarily of general corporate assets and short-term investments.