XML 56 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Changes in Allowances Changes in the allowances were as follows:
 
Year Ended December 31,
 
2019
 
2018
 
2017
Balance as of January 1,
$
282.4

 
$
131.0

 
$
45.9

Current year increases
104.3

 
157.8

 
87.2

Write-offs, recoveries and other (1)
(223.4
)
 
(6.4
)
 
(2.1
)
Balance as of December 31,
$
163.3

 
$
282.4

 
$
131.0

_______________
(1)
In 2019, write-offs are primarily related to uncollectible amounts in India. In 2018 and 2017, recoveries include recognition of revenue resulting from collections of previously reserved amounts.
Net Foreign Currency Losses
The Company recorded the following net foreign currency losses:
 
Year Ended December 31,
 
2019
 
2018
 
2017
Foreign currency losses recorded in AOCL
$
45.8

 
$
385.8

 
$
51.6

Foreign currency (gains) losses recorded in Other expense
(6.1
)
 
4.5

 
(26.4
)
Total foreign currency losses
$
39.7

 
$
390.3

 
$
25.2
Schedule of Cash, cash Equivalents, and Restricted Cash
The reconciliation of cash and cash equivalents and restricted cash reported within the applicable balance sheet that sum to the total of the same such amounts shown in the statements of cash flows is as follows:
 
Year Ended December 31,
 
2019
 
2018
 
2017
Cash and cash equivalents
$
1,501.2

 
$
1,208.7

 
$
802.1

Restricted cash
76.8

 
96.2

 
152.8

Total cash, cash equivalents and restricted cash
$
1,578.0

 
$
1,304.9

 
$
954.9
Summary of Non-lease Disaggregated Revenue by Source and Geography
Revenue is disaggregated by geography in a manner consistent with the Company’s business segments, which are discussed further in note 21. A summary of revenue disaggregated by source and geography is as follows:
Year Ended December 31, 2019
 
U.S.
 
Asia
 
Africa
 
Europe
 
Latin
America
 
Total
Non-lease property revenue
 
$
255.7

 
$
8.8

 
$
4.0

 
$
5.1

 
$
138.2

 
$
411.8

Services revenue
 
115.4

 
—

 
—

 
—

 
—

 
115.4

Total non-lease revenue
 
$
371.1

 
$
8.8

 
$
4.0

 
$
5.1

 
$
138.2

 
$
527.2

Property lease revenue
 
3,933.0

 
1,208.2

 
579.9

 
129.5

 
1,202.5

 
7,053.1

Total revenue
 
$
4,304.1

 
$
1,217.0

 
$
583.9

 
$
134.6

 
$
1,340.7

 
$
7,580.3

Year Ended December 31, 2018 (1)
 
U.S.
 
Asia
 
Africa
 
Europe
 
Latin
America
 
Total
Non-lease property revenue
 
$
255.5

 
$
7.0

 
$
1.1

 
$
0.2

 
$
102.1

 
$
365.9

Services revenue
 
125.4

 
—

 
—

 
—

 
—

 
125.4

Total non-lease revenue
 
$
380.9

 
$
7.0

 
$
1.1

 
$
0.2

 
$
102.1

 
$
491.3

Property lease revenue
 
3,566.6

 
1,533.5

 
544.4

 
141.6

 
1,162.7

 
6,948.8

Total revenue
 
$
3,947.5

 
$
1,540.5

 
$
545.5

 
$
141.8

 
$
1,264.8

 
$
7,440.1

_______________
(1)     Prior-period amounts adjusted with the adoption of the new lease accounting guidance, as applicable.
Information About Receivables, Contract Assets and Contract Liabilities From Contracts With Tenants
Information about receivables, contract assets and contract liabilities from contracts with tenants is as follows:
 
 
December 31, 2019
 
December 31, 2018 (1)
Accounts receivable
 
$
80.5

 
$
92.6

Prepaids and other current assets
 
8.3

 
7.7

Notes receivable and other non-current assets
 
21.3

 
22.2

Unearned revenue (2)
 
35.0

 
35.0

Other non-current liabilities (3)
 
79.0

 
54.1

_______________
(1)     Prior-period amounts adjusted with the adoption of the new lease accounting guidance, as applicable.
(2)     Excludes $56.7 million and $55.0 million of capital contributions related to DAS networks as of December 31, 2019 and 2018, respectively.
(3)     Excludes $300.2 million and $313.6 million of capital contributions related to DAS networks as of December 31, 2019 and 2018, respectively.