Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended |
Sep. 30, 2014 | |
Entity Information [Line Items] | ' |
Entity Registrant Name | 'CC Holdings GS V LLC |
Entity Central Index Key | '0001574291 |
Current Fiscal Year End Date | '--12-31 |
Entity Filer Category | 'Non-accelerated Filer |
Document Type | '10-Q |
Document Period End Date | 30-Sep-14 |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'Q3 |
Amendment Flag | 'false |
Entity Common Stock, Shares Outstanding | 0 |
Entity Voluntary Filers | 'No |
Entity Current Reporting Status | 'Yes |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheet (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $39,945 | $31,036 |
Receivables, net | 5,028 | 3,064 |
Prepaid expenses | 27,700 | 21,625 |
Deferred site rental receivables and other current assets | 8,380 | 6,994 |
Total current assets | 81,053 | 62,719 |
Deferred site rental receivables | 320,736 | 286,375 |
Property and equipment, net of accumulated depreciation of $631,421 and $569,477, respectively | 1,145,123 | 1,147,392 |
Goodwill | 1,338,730 | 1,338,730 |
Other intangible assets, net | 1,297,535 | 1,384,730 |
Long-term prepaid rent, deferred financing costs and other assets, net | 48,537 | 49,573 |
Total assets | 4,231,714 | 4,269,519 |
LIABILITIES AND EQUITY | ' | ' |
Accrued expenses and payables | 19,410 | 17,996 |
Accrued interest | 21,254 | 8,655 |
Deferred revenues | 10,273 | 19,981 |
Total current liabilities | 50,937 | 46,632 |
Debt | 1,500,000 | 1,500,000 |
Deferred Ground Lease Payable | 86,348 | 79,452 |
Above Market Leases and Other Liabilities | 49,597 | 50,069 |
Total liabilities | 1,686,882 | 1,676,153 |
Commitments and contingencies | ' | ' |
Member's equity: | ' | ' |
Member's equity | 2,327,938 | 2,327,938 |
Accumulated earnings (deficit) | 216,894 | 265,428 |
Total member's equity | 2,544,832 | 2,593,366 |
Total liabilities and equity | $4,231,714 | $4,269,519 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheet Parenthetical (Parentheticals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accumulated Depreciation | $631,421 | $569,477 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statement of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Income Statement [Abstract] | ' | ' | ' | ' | ||||
Site rental revenues | $152,946 | $151,038 | $462,934 | $452,225 | ||||
Operating expenses: | ' | ' | ' | ' | ||||
Site rental cost of operationsbthird parties | 38,194 | [1] | 38,222 | [1] | 112,760 | [1] | 112,606 | [1] |
Site rental cost of operationsbrelated parties | 7,639 | [1] | 7,073 | [1] | 22,719 | [1] | 20,920 | [1] |
Site rental cost of operationsbtotal | 45,833 | [1] | 45,295 | [1] | 135,479 | [1] | 133,526 | [1] |
Management feebrelated party | 10,625 | 10,172 | 31,991 | 30,130 | ||||
Asset write-down charges | 1,500 | 2,400 | 2,894 | 4,398 | ||||
Depreciation, amortization and accretion | 50,705 | 49,770 | 150,821 | 147,053 | ||||
Total operating expenses | 108,663 | 107,637 | 321,185 | 315,107 | ||||
Operating income (loss) | 44,283 | 43,401 | 141,749 | 137,118 | ||||
Interest expense and amortization of deferred financing costs | -13,306 | -13,297 | -39,917 | -45,072 | ||||
Gains (losses) on retirement of long-term obligations | 0 | -1 | 0 | -18,103 | ||||
Other income (expense) | 160 | -118 | 147 | -67 | ||||
Income (loss) before income taxes | 31,137 | 29,985 | 101,979 | 73,876 | ||||
Benefit (provision) for income taxes | -100 | -12,007 | -300 | -29,942 | ||||
Net income (loss) | $31,037 | $17,978 | $101,679 | $43,934 | ||||
[1] | Exclusive of depreciation, amortization and accretion shown separately and certain indirect costs included in the management fee. |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statement of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net income (loss) | $101,679 | $43,934 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' |
Depreciation, amortization and accretion | 150,821 | 147,053 |
Amortization of deferred financing costs and other non-cash interest on long-term debt | 2,121 | 6,844 |
Asset write-down charges | 2,894 | 4,398 |
Gains (losses) on retirement of long-term obligations | 0 | 18,103 |
Deferred income tax benefit (provision) | 0 | 27,419 |
Changes in assets and liabilities: | ' | ' |
Increase (decrease) in accrued interest | 12,599 | 16,332 |
Increase (decrease) in accounts payable | -15 | 979 |
Increase (decrease) in deferred revenues, deferred ground lease payable and other liabilities | -2,159 | 16,284 |
Decrease (increase) in receivables | -1,964 | -233 |
Decrease (increase) in other current assets, deferred site rental receivable, long-term prepaid rent, restricted cash and other assets | -42,816 | -47,937 |
Net cash provided by (used for) operating activities | 223,160 | 233,176 |
Cash flows from investing activities: | ' | ' |
Capital expenditures | -64,038 | -64,308 |
Payments for (Proceeds from) Other Investing Activities | 0 | 239 |
Net cash provided by (used for) investing activities | -64,038 | -64,069 |
Cash flows from financing activities: | ' | ' |
Purchases and redemptions of long-term debt | 0 | -312,465 |
Net (increase) decrease in amount due from affiliates | -150,213 | -194,698 |
Net (increase) decrease in restricted cash | 0 | 388,391 |
Net cash provided by (used for) financing activities | -150,213 | -118,772 |
Net increase (decrease) in cash and cash equivalents | 8,909 | 50,335 |
Cash and cash equivalents at beginning of period | 31,036 | 0 |
Cash and cash equivalents at end of period | $39,945 | $50,335 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statement of Equity (USD $) | Total | Members' Equity [Member] | Accumulated Earnings (Deficit) [Member] |
In Thousands, unless otherwise specified | |||
Balance, beginning at Dec. 31, 2012 | $2,363,565 | $2,495,641 | ($132,076) |
Equity [Roll Forward] | ' | ' | ' |
Equity contribution - income taxes | 36,139 | 36,139 | ' |
Equity distribution | -194,698 | -194,698 | ' |
Net income (loss) | 43,934 | ' | 43,934 |
Balance, ending at Sep. 30, 2013 | 2,248,940 | 2,337,082 | -88,142 |
Balance, beginning at Jun. 30, 2013 | 2,247,153 | 2,353,273 | -106,120 |
Equity [Roll Forward] | ' | ' | ' |
Equity contribution - income taxes | 14,624 | 14,624 | ' |
Equity distribution | -30,815 | -30,815 | ' |
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest | 17,978 | ' | 17,978 |
Net income (loss) | 17,978 | ' | ' |
Balance, ending at Sep. 30, 2013 | 2,248,940 | 2,337,082 | -88,142 |
Balance, beginning at Dec. 31, 2013 | 2,593,366 | 2,327,938 | 265,428 |
Equity [Roll Forward] | ' | ' | ' |
Equity contribution - income taxes | 0 | ' | ' |
Equity distribution | -150,213 | ' | -150,213 |
Net income (loss) | 101,679 | ' | 101,679 |
Balance, ending at Sep. 30, 2014 | 2,544,832 | ' | 216,894 |
Balance, beginning at Jun. 30, 2014 | 2,562,421 | 2,327,938 | 234,483 |
Equity [Roll Forward] | ' | ' | ' |
Equity distribution | -48,626 | 0 | -48,626 |
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest | 31,037 | ' | 31,037 |
Net income (loss) | 31,037 | ' | ' |
Balance, ending at Sep. 30, 2014 | $2,544,832 | $2,327,938 | $216,894 |
General
General | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
General | ' |
General | |
The accompanying consolidated financial statements reflect the consolidated financial position, results of operations, and cash flows of CC Holdings GS V LLC ("CCL") and its consolidated wholly-owned subsidiaries (collectively, the "Company"). The Company is a wholly-owned subsidiary of Global Signal Operating Partnership, L.P. ("GSOP"), which is an indirect subsidiary of Crown Castle International Corp., a Delaware corporation ("CCIC" or "Crown Castle"). CCL is a Delaware limited liability company that is a holding company and an issuer of the Company's debt. All significant intercompany accounts, transactions, and profits have been eliminated. | |
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 December 31, 2013, and related notes thereto, included in the 2013 Form 10-K filed by the Company with the SEC. | |
The Company is organized specifically to own, lease and manage sites. The Company's core business is providing access, including space or capacity, to its sites via long-term contracts in various forms, including licenses, subleases and lease agreements. Our wireless infrastructure can accommodate multiple customers for antennas or other equipment necessary for the transmission of signals for wireless communication. The Company's sites are geographically dispersed across the United States. Management services related to the Company's sites are performed by CCUSA, an affiliate of the Company, under the Management Agreement, as the Company has no employees. | |
Effective January 1, 2014, CCIC commenced operating as a REIT for U.S. federal income tax purposes. For U.S. federal income tax purposes, the Company's assets and operations are part of the CCIC REIT. See note 5. | |
Approximately 68% of the Company's sites are leased or subleased or operated and managed for an initial period of 32 years (through May 2037) under master lease or other agreements with Sprint ("Sprint Sites"). CCIC, through its subsidiaries (including the Company) has the option to purchase in 2037 all (but not less than all) of the Sprint Sites from Sprint for approximately $2.3 billion. The Company has no obligation to exercise the purchase option. | |
Basis of Presentation | |
The condensed 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 fairly state the consolidated financial position of the Company as of September 30, 2014, and the consolidated results of operations and the consolidated cash flows for the nine months ended September 30, 2014 and 2013. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by generally accepted accounting principles in the U.S. ("GAAP"). 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 GAAP requires management to make estimates and use assumptions that affect the reported amounts of assets and liabilities and the disclosure for contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
Summary of Significant Accounting Policies | |
The significant accounting policies used in the preparation of the Company's condensed consolidated financial statements are disclosed in the 2013 Form 10-K. | |
Recently Adopted Accounting Pronouncements | |
No accounting pronouncements adopted during the nine months ended September 30, 2014 had a material impact on the Company's condensed consolidated financial statements. | |
Recent Accounting Pronouncements Not Yet Adopted | |
In May 2014, the Financial Accounting Standards Board ("FASB") released updated guidance regarding the recognition of revenue from contracts with customers, exclusive of those contracts within lease accounting. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (1) identify the contracts with the customer; (2) identify the performance obligations in the contract; (3) determine the contract price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. This guidance is effective for the Company as of January 1, 2017. This guidance is required to be applied (1) retrospectively to each prior reporting period presented, or (2) with the cumulative effect being recognized at the date of initial application. The Company is evaluating the guidance including the impact on its consolidated financial statements. |
Debt_and_Other_Obligations
Debt and Other Obligations | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Debt and Other Obligations [Abstract] | ' | ||||||||||||||||
Debt and Other Obligations | ' | ||||||||||||||||
Debt | |||||||||||||||||
The 2012 Secured Notes consist of $500 million aggregate principal amount of 2.381% secured notes due 2017 and $1.0 billion aggregate principal amount of 3.849% secured notes due 2023. The weighted-average stated interest rate of the 2012 Secured Notes as of September 30, 2014 was 3.4% per annum. The outstanding balance of the 2012 Secured Notes as of September 30, 2013 and December 31, 2013 was $1.5 billion. | |||||||||||||||||
Interest Expense and Amortization of Deferred Financing Costs | |||||||||||||||||
The components of interest expense and amortization of deferred financing costs are as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest expense on debt obligations | $ | 12,599 | 12,595 | $ | 37,796 | $ | 38,228 | ||||||||||
Amortization of deferred financing costs | 707 | 702 | 2,121 | 3,876 | |||||||||||||
Amortization of adjustments on long-term debt | — | — | — | 2,968 | |||||||||||||
Total | $ | 13,306 | $ | 13,297 | $ | 39,917 | $ | 45,072 | (a) | ||||||||
(a) | Inclusive of the impact of the 7.75% Secured Notes, which were redeemed during January 2013. |
Related_Party_Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2014 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Related Party Transactions | |
Pursuant to the Management Agreement, CCUSA has agreed to employ, supervise, and pay at all times a sufficient number of capable employees as may be necessary to perform services in accordance with the operation standards defined in the Management Agreement. CCUSA currently acts as the Manager of the sites held by subsidiaries of CCIC. The management fee is equal to 7.5% of the Company’s Operating Revenues, as defined in the Management Agreement, which is based on the Company’s reported revenues adjusted to exclude certain items including revenues related to the accounting for leases with fixed escalators. The fee is compensation for those functions reasonably necessary to maintain, market, operate, manage and administer the sites, other than the operating expenses (which includes real estate and personal property taxes, ground lease and easement payments, and insurance premiums). Further, in connection with its role as Manager, CCUSA may make certain modifications to the Company's sites. | |
In addition, CCUSA may perform installation services on the Company's towers, for which the Company is not a party to any agreement and for which no operating results are reflected herein. | |
As part of the CCIC strategy to obtain long-term control of the land under its towers, affiliates of the Company have acquired rights to land interests under the Company's towers. These affiliates then lease the land to the Company. Under such circumstances, the Company's obligation typically continues with the same or similar economic terms as the lease agreement for the land that existed prior to an affiliate acquiring rights to such land. As of September 30, 2014, there was approximately 25% of the Company's sites where the land under the tower is controlled by an affiliate. Also, the Company receives rent revenue from affiliates for land controlled by the Company that affiliates have towers on. | |
For the nine months ended September 30, 2014, the Company recorded an equity distribution of $150.2 million reflecting distributions to its member and ultimately other subsidiaries of CCIC. For the nine months ended September 30, 2013, the Company recorded a net equity distribution of $158.6 million, reflecting (1) distributions to its member and ultimately other subsidiaries of CCIC, inclusive of the distribution of excess cash from the refinancing of the 7.75% Secured Notes, and (2) non-cash equity contributions primarily related to the use by the Company of the tax attributes from other members of CCIC's federal consolidated group. Cash on hand above the amount that is required by the Management Agreement has been, and is expected to continue to be, distributed to the Company's parent company. See note 5 for a discussion of the equity contribution related to income taxes. |
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Income Taxes | |
Effective January 1, 2014, CCIC commenced operating as a REIT for U.S. federal income tax purposes. As a REIT, CCIC will generally be entitled to a deduction for dividends that it pays and therefore will not be subject to U.S. federal corporate income tax on its net taxable income that is currently distributed to its stockholders. For U.S. federal income tax purposes, the Company's assets and operations are part of the CCIC REIT. | |
For the nine months ended September 30, 2014, the Company's effective tax rate differed from the federal statutory rate predominately due to CCIC's dividends paid deduction. For the nine months ended September 30, 2013, the Company's effective tax rate differed from the federal statutory rate predominately due to state taxes. During the nine months ended September 30, 2013, the Company recorded non-cash equity contributions primarily related to the use by the Company of the tax attributes from other members of CCIC's federal consolidated group. |
Fair_Values
Fair Values | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures | ' | |||||||||||||||||
Fair Value Disclosures | ' | |||||||||||||||||
Fair Values | ||||||||||||||||||
The fair value of cash and cash equivalents and restricted cash approximates the carrying value. The Company determines the fair value of its debt securities based on indicative quotes (that are 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 applicable. There were no changes since December 31, 2013 in the Company's valuation techniques used to measure fair values. The estimated fair values of the Company's financial instruments, along with the carrying amounts of the related assets and liabilities, are as follows: | ||||||||||||||||||
Level in Fair Value Hierarchy | September 30, 2014 | December 31, 2013 | ||||||||||||||||
Carrying | Fair | Carrying | Fair | |||||||||||||||
Amount | Value | Amount | Value | |||||||||||||||
Assets: | ||||||||||||||||||
Cash and cash equivalents | 1 | $ | 39,945 | $ | 39,945 | $ | 31,036 | $ | 31,036 | |||||||||
Liabilities: | ||||||||||||||||||
Debt | 2 | 1,500,000 | 1,490,900 | 1,500,000 | 1,426,880 | |||||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2014 | |
Commitments and Contingencies Disclosure | ' |
Commitments and Contingencies | ' |
Commitments and Contingencies | |
The Company is involved in various claims, lawsuits or proceedings arising in the ordinary course of business. 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 Company's consolidated financial position or results of operations. In addition, the Company has the option to purchase in 2037 all (but not less than all) of the Sprint Sites, which represent approximately 68% of the Company's sites. The Company has no obligation to exercise the purchase option. |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||
Supplemental Cash Flow Information | ' | |||||||
Supplemental Cash Flow Information | ||||||||
Nine Months Ended September 30, | ||||||||
2014 | 2013 | |||||||
Supplemental disclosure of cash flow information: | ||||||||
Interest paid | $ | 25,197 | $ | 21,896 | ||||
Supplemental disclosure of non-cash investing and financing activities: | ||||||||
Non-cash equity contribution (distribution)—income taxes | — | 36,139 | ||||||
Equity contribution (distribution) of amount due to affiliates (note 4) | (150,213 | ) | (194,698 | ) |
Guarantor_Subsidiaries_Notes
Guarantor Subsidiaries (Notes) | 9 Months Ended |
Sep. 30, 2014 | |
Guarantees [Abstract] | ' |
Guarantor Subsidiaries | ' |
Guarantor Subsidiaries | |
CCL has no independent assets or operations. The 2012 Secured Notes are guaranteed by all subsidiaries of CCL, each of which is a 100% wholly-owned subsidiary of CCL, other than Crown Castle GS III Corp., which is a co-issuer of the 2012 Secured Notes and a 100% wholly-owned finance subsidiary. Such guarantees are full and unconditional and joint and several. Subject to the provisions of the Indenture, a guarantor may be released and relieved of its obligations under its guarantee under certain circumstances including: (1) in the event of any sale or other disposition of all or substantially all of the assets of any guarantor, by way of merger, consolidation or otherwise to a person that is not (either before or after giving effect to such transaction) CCL or a subsidiary of CCL, (2) in the event of any sale or other disposition of all of the capital stock of any guarantor, to a person that is not (either before or after giving effect to such transaction) CCL or a subsidiary of CCL, (3) upon CCL's exercise of legal defeasance in accordance with the relevant provisions of the Indenture, or (4) upon the discharge of the Indenture in accordance with its terms. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
New accounting prounouncements | ' |
No accounting pronouncements adopted during the nine months ended September 30, 2014 had a material impact on the Company's condensed consolidated financial statements. | |
Recent Accounting Pronouncements Not Yet Adopted | |
In May 2014, the Financial Accounting Standards Board ("FASB") released updated guidance regarding the recognition of revenue from contracts with customers, exclusive of those contracts within lease accounting. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (1) identify the contracts with the customer; (2) identify the performance obligations in the contract; (3) determine the contract price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. This guidance is effective for the Company as of January 1, 2017. This guidance is required to be applied (1) retrospectively to each prior reporting period presented, or (2) with the cumulative effect being recognized at the date of initial application. The Company is evaluating the guidance including the impact on its consolidated financial statements. |
Debt_and_Other_Obligations_Tab
Debt and Other Obligations (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Debt and Other Obligations [Abstract] | ' | ||||||||||||||||
Components of Interest Expense and Amortization of Deferred Financing Costs | ' | ||||||||||||||||
The components of interest expense and amortization of deferred financing costs are as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest expense on debt obligations | $ | 12,599 | 12,595 | $ | 37,796 | $ | 38,228 | ||||||||||
Amortization of deferred financing costs | 707 | 702 | 2,121 | 3,876 | |||||||||||||
Amortization of adjustments on long-term debt | — | — | — | 2,968 | |||||||||||||
Total | $ | 13,306 | $ | 13,297 | $ | 39,917 | $ | 45,072 | (a) | ||||||||
(a) | Inclusive of the impact of the 7.75% Secured Notes, which were redeemed during January 2013. |
Fair_Value_Disclosures_Tables
Fair Value Disclosures (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures | ' | |||||||||||||||||
Estimated Fair Values and Carrying Amounts of Assets and Liabilities | ' | |||||||||||||||||
The estimated fair values of the Company's financial instruments, along with the carrying amounts of the related assets and liabilities, are as follows: | ||||||||||||||||||
Level in Fair Value Hierarchy | September 30, 2014 | December 31, 2013 | ||||||||||||||||
Carrying | Fair | Carrying | Fair | |||||||||||||||
Amount | Value | Amount | Value | |||||||||||||||
Assets: | ||||||||||||||||||
Cash and cash equivalents | 1 | $ | 39,945 | $ | 39,945 | $ | 31,036 | $ | 31,036 | |||||||||
Liabilities: | ||||||||||||||||||
Debt | 2 | 1,500,000 | 1,490,900 | 1,500,000 | 1,426,880 | |||||||||||||
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||
Supplemental Disclosure of Cash Flow Information and Non-cash Investing and Financing Activities | ' | |||||||
Nine Months Ended September 30, | ||||||||
2014 | 2013 | |||||||
Supplemental disclosure of cash flow information: | ||||||||
Interest paid | $ | 25,197 | $ | 21,896 | ||||
Supplemental disclosure of non-cash investing and financing activities: | ||||||||
Non-cash equity contribution (distribution)—income taxes | — | 36,139 | ||||||
Equity contribution (distribution) of amount due to affiliates (note 4) | (150,213 | ) | (194,698 | ) |
General_Business_Details
General Business (Details) (Leased or Operated Under Master Lease Agreements [Member]) | Sep. 30, 2014 |
Leased or Operated Under Master Lease Agreements [Member] | ' |
Purchase Option, Percentage of Towers | 68.00% |
Debt_and_Other_Obligations_Ind
Debt and Other Obligations (Indebtedness) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Total debt and other obligations | $1,500,000 | $1,500,000 |
2012 Secured Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt and other obligations | 1,500,000 | ' |
Stated interest rate | 3.40% | ' |
2012 secured notes tranche A [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt and other obligations | 500,000 | ' |
2012 secured notes tranche B [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt and other obligations | $1,000,000 | ' |
Debt_and_Other_Obligations_Com
Debt and Other Obligations (Components of Interest Expense and Amortization of Deferred Financing Costs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Debt and Other Obligations [Abstract] | ' | ' | ' | ' | |
Interest expense on debt obligations | $12,599 | $12,595 | $37,796 | $38,228 | |
Amortization of deferred financing costs | 707 | 702 | 2,121 | 3,876 | |
Amortization of adjustments on long-term debt | 0 | ' | 0 | 2,968 | |
Total | $13,306 | $13,297 | $39,917 | $45,072 | [1] |
[1] | Inclusive of the impact of the 7.75% Secured Notes, which were redeemed during January 2013. |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Equity distribution | ($48,626) | ($30,815) | ($150,213) | ($194,698) |
Affiliated Entity [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Tower Count | 25.00% | ' | 25.00% | ' |
Accumulated Earnings (Deficit) [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Equity distribution | -48,626 | ' | -150,213 | ' |
Increase (Decrease) Due from Affiliates, net of tax | ' | ' | ' | ($158,559) |
Fair_Value_Disclosures_Estimat
Fair Value Disclosures (Estimated Fair Values and Carrying Amounts of Assets and Liabilities) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, carrying value | $39,945 | $31,036 | $50,335 | $0 |
Debt and other obligations, carrying amount | 1,500,000 | 1,500,000 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, fair value | 39,945 | 31,036 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Debt and other obligations, fair value | $1,490,900 | $1,426,880 | ' | ' |
Commitments_and_Contingencies_
Commitments and Contingencies Tower count as a percentage of total towers (Details) (Leased or Operated Under Master Lease Agreements [Member]) | Sep. 30, 2014 |
Leased or Operated Under Master Lease Agreements [Member] | ' |
Commitments and Contingencies Disclosure [Abstract] | ' |
Purchase Option, Percentage of Towers | 68.00% |
Supplemental_Cash_Flow_Informa2
Supplemental Cash Flow Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' |
Interest paid | ' | $25,197 | $21,896 |
Non-cash Equity Contribution (Distribution) Due to (from) Affliates, Income Taxes | 14,624 | 0 | 36,139 |
Equity contribution (distribution) of amount due to affiliates | ' | ($150,213) | ($194,698) |