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Consolidated Statements of Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 1,067,041,000 $ 1,057,611,000 $ 1,017,634,000
Costs and Expenses:      
Interest expense, net 497,128,000 390,112,000 319,591,000
Depreciation and amortization 329,403,000 405,754,000 451,750,000
General and administrative expense 104,975,000 102,900,000 85,198,000
Operating expense (exclusive of depreciation, accretion and amortization) 159,337,000 160,024,000 137,065,000
Settlement expense (Note 17) 650,000,000    
Goodwill impairment (Note 3) 71,000,000    
Transaction related and other costs 63,875,000 43,708,000 17,410,000
Gain on sale of real estate (Note 6) (86,267,000) (28,995,000)  
Other (income) expense 11,703,000 (31,463,000) (4,504,000)
Total costs and expenses 1,801,154,000 1,042,040,000 1,006,510,000
(Loss) income before income taxes and equity in earnings (loss) from unconsolidated entities (734,113,000) 15,571,000 11,124,000
Income tax (benefit) expense (15,203,000) 4,663,000 (5,421,000)
Equity in earnings (loss) from unconsolidated entities 98,000    
Net (loss) income (718,812,000) 10,908,000 16,545,000
Net (loss) income attributable to noncontrolling interests (12,511,000) 326,000 358,000
Net (loss) income attributable to shareholders (706,301,000) 10,582,000 16,187,000
Participating securities' share in earnings (1,078,000) (549,000) (2,594,000)
Dividends declared on convertible preferred stock (9,000) (656,000) (2,624,000)
Amortization of discount on convertible preferred stock   (993,000) (2,980,000)
Net (loss) income attributable to common shareholders $ (707,388,000) $ 8,384,000 $ 7,989,000
(Loss) earnings per common share (Note 15):      
Basic $ (3.47) $ 0.04 $ 0.05
Diluted $ (3.47) $ 0.04 $ 0.04
Weighted-average number of common shares outstanding      
Basic 203,600 187,358 176,169
Diluted 203,600 187,358 177,071
Leasing      
Revenues:      
Total revenues $ 745,915,000 $ 716,640,000 $ 699,847,000
Costs and Expenses:      
Depreciation and amortization 201,321,000 282,107,000 337,126,000
Fiber Infrastructure      
Revenues:      
Total revenues 314,363,000 315,605,000 289,239,000
Costs and Expenses:      
Depreciation and amortization 126,211,000 114,566,000 105,651,000
Goodwill impairment (Note 3) 71,000,000 0 0
Tower      
Revenues:      
Total revenues 6,112,000 14,693,000 14,617,000
Costs and Expenses:      
Depreciation and amortization 783,000 6,474,000 6,704,000
Consumer CLEC      
Revenues:      
Total revenues 651,000 10,673,000 13,931,000
Costs and Expenses:      
Depreciation and amortization $ 791,000 $ 1,879,000 $ 1,994,000