Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2017 | Nov. 06, 2017 | |
Entity Information [Line Items] | |||
Entity Registrant Name | CC Holdings GS V LLC | ||
Entity Central Index Key | 1,574,291 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Type | 10-Q | ||
Document Period End Date | Sep. 30, 2017 | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | Q3 | ||
Amendment Flag | false | ||
Entity Common Stock, Shares Outstanding | 0 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | Yes | ||
Entity Current Reporting Status | Yes |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheet - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and cash equivalents | $ 24,519 | $ 19,550 |
Receivables, net | 2,379 | 3,527 |
Prepaid expenses | 25,913 | 24,051 |
Deferred site rental receivables and other current assets | 29,174 | 20,313 |
Total current assets | 81,985 | 67,441 |
Deferred site rental receivables | 330,631 | 346,507 |
Property and equipment, net of accumulated depreciation of $896,689 and $828,670, respectively | 1,061,711 | 1,088,883 |
Goodwill | 1,338,730 | 1,338,730 |
Other intangible assets, net | 951,352 | 1,038,007 |
Long-term prepaid rent and other assets, net | 37,906 | 35,490 |
Total assets | 3,802,315 | 3,915,058 |
LIABILITIES AND EQUITY | ||
Accrued expenses and payables | 13,372 | 13,243 |
Accrued interest | 17,748 | 8,126 |
Deferred revenues | 11,360 | 11,930 |
Total current liabilities | 42,480 | 33,299 |
Debt | 992,317 | 991,279 |
Deferred Ground Lease Payable | 106,677 | 102,519 |
Above Market Leases and Other Liabilities | 49,184 | 48,716 |
Total liabilities | 1,190,658 | 1,175,813 |
Member's equity: | ||
Member's equity | 2,611,657 | 2,739,245 |
Accumulated earnings (deficit) | 0 | 0 |
Total member's equity | 2,611,657 | 2,739,245 |
Total liabilities and equity | $ 3,802,315 | $ 3,915,058 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheet Parenthetical (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Accumulated Depreciation | $ 896,689 | $ 828,670 |
Condensed Consolidated Statemen
Condensed Consolidated Statement of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | ||
Income Statement [Abstract] | |||||
Site rental revenues | $ 153,732 | $ 152,523 | $ 460,028 | $ 458,781 | |
Operating expenses: | |||||
Site rental cost of operations—third parties | [1] | 37,504 | 38,670 | 113,185 | 112,575 |
Site rental cost of operations—related parties | [1] | 9,234 | 8,569 | 27,275 | 25,238 |
Site rental cost of operations—total | [1] | 46,738 | 47,239 | 140,460 | 137,813 |
Management fee—related party | 11,779 | 11,425 | 35,069 | 33,936 | |
Asset write-down charges | 0 | 950 | 0 | 3,724 | |
Depreciation, amortization and accretion | 52,714 | 52,624 | 157,886 | 157,098 | |
Total operating expenses | 111,231 | 112,238 | 333,415 | 332,571 | |
Operating income (loss) | 42,501 | 40,285 | 126,613 | 126,210 | |
Interest expense and amortization of deferred financing costs | (9,969) | (12,934) | (29,906) | (39,546) | |
Gain (Loss) on Extinguishment of Debt | 0 | (10,273) | 0 | (10,273) | |
Other income (expense) | (720) | (74) | 129 | (85) | |
Income (loss) before income taxes | 31,812 | 17,004 | 96,836 | 76,306 | |
Benefit (provision) for income taxes | (88) | (84) | (264) | (253) | |
Net income (loss) | $ 31,724 | $ 16,920 | $ 96,572 | $ 76,053 | |
[1] | Exclusive of depreciation, amortization and accretion shown separately and certain indirect costs included in the management fee. |
Condensed Consolidated Stateme5
Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 96,572 | $ 76,053 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation, amortization and accretion | 157,886 | 157,098 |
Amortization of deferred financing costs | 1,038 | 2,081 |
Asset write-down charges | 0 | 3,724 |
Gain (Loss) on Extinguishment of Debt | 0 | (10,273) |
Changes in assets and liabilities: | ||
Increase (decrease) in accrued interest | 9,622 | 9,093 |
Increase (decrease) in accounts payable | (893) | (399) |
Increase (decrease) in deferred revenues, deferred ground lease payable and other liabilities | 3,788 | 2,515 |
Decrease (increase) in receivables | 1,148 | 1,688 |
Decrease (increase) in other current assets, deferred site rental receivable, long-term prepaid rent, and other assets | 5,969 | (8,951) |
Net cash provided by (used for) operating activities | 275,130 | 253,175 |
Cash flows from investing activities: | ||
Capital expenditures | (46,001) | (39,317) |
Net cash provided by (used for) investing activities | (46,001) | (39,317) |
Cash flows from financing activities: | ||
Repayments of Other Long-term Debt | 0 | (508,472) |
Equity Contribution (Distribution) | (224,160) | (194,678) |
Net cash provided by (used for) financing activities | (224,160) | (194,678) |
Net increase (decrease) in cash and cash equivalents | 4,969 | 19,180 |
Cash and cash equivalents at beginning of period | 19,550 | 20,401 |
Cash and cash equivalents at end of period | 24,519 | 39,581 |
Equity contribution related to debt repayment [Member] | ||
Cash flows from financing activities: | ||
Equity Contribution (Distribution) | $ 0 | $ 508,472 |
Condensed Consolidated Stateme6
Condensed Consolidated Statement of Equity - USD ($) $ in Thousands | Total | Members' Equity [Member] | Accumulated Earnings (Deficit) [Member] |
Balance, beginning at Dec. 31, 2015 | $ 2,404,348 | $ 2,327,938 | $ 76,410 |
Equity [Roll Forward] | |||
Equity Contribution (Distribution) | Equity contribution related to debt repayment [Member] | 508,472 | 508,472 | 0 |
Equity Contribution (Distribution) | (194,678) | (42,215) | (152,463) |
Net income (loss) | 76,053 | 0 | 76,053 |
Balance, ending at Sep. 30, 2016 | 2,794,195 | 2,794,195 | 0 |
Balance, beginning at Jun. 30, 2016 | 2,333,971 | 2,327,938 | 6,033 |
Equity [Roll Forward] | |||
Equity Contribution (Distribution) | Equity contribution related to debt repayment [Member] | 508,472 | 508,472 | 0 |
Equity Contribution (Distribution) | (65,168) | (42,215) | (22,953) |
Net income (loss) | 16,920 | 0 | 16,920 |
Balance, ending at Sep. 30, 2016 | 2,794,195 | 2,794,195 | 0 |
Balance, beginning at Dec. 31, 2016 | 2,739,245 | 2,739,245 | 0 |
Equity [Roll Forward] | |||
Equity Contribution (Distribution) | Equity contribution related to debt repayment [Member] | 0 | ||
Equity Contribution (Distribution) | (224,160) | (127,588) | (96,572) |
Net income (loss) | 96,572 | 0 | 96,572 |
Balance, ending at Sep. 30, 2017 | 2,611,657 | 2,611,657 | 0 |
Balance, beginning at Jun. 30, 2017 | 2,660,691 | 2,660,691 | 0 |
Equity [Roll Forward] | |||
Equity Contribution (Distribution) | (80,758) | (49,034) | (31,724) |
Net income (loss) | 31,724 | 0 | 31,724 |
Balance, ending at Sep. 30, 2017 | $ 2,611,657 | $ 2,611,657 | $ 0 |
General
General | 9 Months Ended |
Sep. 30, 2017 | |
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, "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. Intercompany accounts, transactions, and profits have been eliminated. As used herein, the term "including," and any variation thereof means "including without limitation." The use of the word "or" herein is not exclusive. 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, 2016 , and related notes thereto, included in the 2016 Form 10-K filed by the Company with the SEC. The Company is organized specifically to own, lease and manage sites that are geographically dispersed across the United States ("U.S."). 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. Management services related to the Company's sites are performed by Crown Castle USA Inc. ("CCUSA"), an affiliate of the Company, under the Management Agreement, as the Company has no employees. 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 . CCIC has no obligation to exercise the purchase option. CCIC operates as a real estate investment trust ("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 . 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, 2017 , and the consolidated results of operations and the consolidated cash flows for the nine months ended September 30, 2017 and 2016 . 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"). 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 Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2017 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Summary of Significant Accounting Policies | In February 2016, the FASB issued new guidance on the recognition, measurement, presentation and disclosure of leases. The new guidance requires lessees to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments for all leases with a term greater than 12 months. The accounting for lessors remains largely unchanged from existing guidance. This guidance is effective for the Company as of January 1, 2019 and is required to be applied using a modified retrospective approach for all leases existing at, or entered into after, the beginning of the earliest comparative period presented. Early adoption is permitted, however, the Company does not expect to early adopt the new guidance. CCIC (1) has established and is progressing through the various steps of a cross functional project plan to assess the impact of the standard; (2) expects this guidance to have a material impact on its condensed consolidated balance sheet due to the addition of right-of-use assets and lease liabilities for all lessee arrangements with a term greater than 12 months; and (3) continues to assess additional impacts to its condensed consolidated financial statements, including the condensed consolidated statement of operations and the condensed consolidated statement of cash flows. |
Debt and Other Obligations
Debt and Other Obligations | 9 Months Ended |
Sep. 30, 2017 | |
Extinguishment of Debt [Line Items] | |
Debt and Other Obligations | Debt The outstanding balance of the 2012 Secured Notes as of both September 30, 2017 and December 31, 2016 was $992 million , comprised of 3.849% secured notes ("3.849% Secured Notes") due April 2023 . The 2012 Secured Notes originally consisted of (1) the previously outstanding $500 million aggregate principal amount of 2.381% secured notes ("2.381% Secured Notes") due December 2017 and (2) $1.0 billion aggregate principal amount of 3.849% Secured Notes due April 2023 . In September 2016, CCIC issued $700 million aggregate principal amount of 2.25% senior secured notes ("September 2016 Senior Notes"). CCIC used a portion of the net proceeds from the September 2016 Senior Notes offering to repay in full the previously outstanding 2.381% Secured Notes. The Company recorded an equity contribution related to the repayment of the 2.381% Secured Notes for the nine months ended September 30, 2016 (see note 4). 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, 2017 2016 2017 2016 Interest expense on debt obligations $ 9,623 $ 12,267 $ 28,868 $ 37,465 Amortization of deferred financing costs 346 667 1,038 2,081 Total $ 9,969 $ 12,934 $ 29,906 $ 39,546 |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2016 | |
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, 2017 , there was approximately 28% 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, 2017 , the Company recorded an equity distribution of $224.2 million reflecting distributions to its member and ultimately other subsidiaries of CCIC. For the nine months ended September 30, 2016, the Company recorded a net equity contribution of $313.8 million , which was inclusive of (1) an equity contribution from CCIC of $508.5 million related to the repayment of the previously outstanding 2.381% Secured Notes (see note 3) and (2) an equity distribution of $194.7 million , reflecting distributions to its member and ultimately other subsidiaries of CCIC. 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. As of September 30, 2017 and 2016 , the Company had no material related party assets or liabilities on its condensed consolidated balance sheet. |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes CCIC operates as a REIT for U.S. federal income tax purposes. As a REIT, CCIC is generally entitled to a deduction for dividends that it pays and therefore is not 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, 2017 and 2016 , the Company's effective tax rate differed from the federal statutory rate predominately due to (1) CCIC's dividends paid deduction, and (2) state taxes. |
Fair Values
Fair Values | 9 Months Ended |
Sep. 30, 2017 | |
Fair Value Disclosures | |
Fair Value Disclosures | Fair Values The fair value of cash and cash equivalents 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, 2016 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, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents 1 $ 24,519 $ 24,519 $ 19,550 $ 19,550 Liabilities: Debt 2 992,317 1,050,230 991,279 1,013,300 |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2017 | |
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, CCIC, through its subsidiaries (including 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. CCIC has no obligation to exercise the purchase option. |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information (Notes) | 9 Months Ended |
Sep. 30, 2017 | |
Supplemental Cash Flow Information [Line Items] | |
Cash Flow, Supplemental Disclosures [Text Block] | 8. Supplemental Cash Flow Information Nine Months Ended September 30, 2017 2016 Supplemental disclosure of cash flow information: Interest paid $ 19,246 $ 28,372 |
Guarantor Subsidiaries (Notes)
Guarantor Subsidiaries (Notes) | 9 Months Ended |
Sep. 30, 2017 | |
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 wholly-owned subsidiary of CCL, other than Crown Castle GS III Corp., which is a co-issuer of the 2012 Secured Notes and a 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 Accoun16
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | In February 2016, the FASB issued new guidance on the recognition, measurement, presentation and disclosure of leases. The new guidance requires lessees to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments for all leases with a term greater than 12 months. The accounting for lessors remains largely unchanged from existing guidance. This guidance is effective for the Company as of January 1, 2019 and is required to be applied using a modified retrospective approach for all leases existing at, or entered into after, the beginning of the earliest comparative period presented. Early adoption is permitted, however, the Company does not expect to early adopt the new guidance. CCIC (1) has established and is progressing through the various steps of a cross functional project plan to assess the impact of the standard; (2) expects this guidance to have a material impact on its condensed consolidated balance sheet due to the addition of right-of-use assets and lease liabilities for all lessee arrangements with a term greater than 12 months; and (3) continues to assess additional impacts to its condensed consolidated financial statements, including the condensed consolidated statement of operations and the condensed consolidated statement of cash flows. |
Debt and Other Obligations (Tab
Debt and Other Obligations (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Extinguishment of Debt [Line Items] | |
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, 2017 2016 2017 2016 Interest expense on debt obligations $ 9,623 $ 12,267 $ 28,868 $ 37,465 Amortization of deferred financing costs 346 667 1,038 2,081 Total $ 9,969 $ 12,934 $ 29,906 $ 39,546 |
Fair Value Disclosures (Tables)
Fair Value Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
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, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents 1 $ 24,519 $ 24,519 $ 19,550 $ 19,550 Liabilities: Debt 2 992,317 1,050,230 991,279 1,013,300 |
Supplemental Cash Flow Inform19
Supplemental Cash Flow Information (Tables) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Supplemental Cash Flow Information [Line Items] | ||
Interest Paid | $ 19,246 | $ 28,372 |
General Business (Details)
General Business (Details) - Leased or Operated Under Master Lease Agreements [Member] $ in Billions | Sep. 30, 2017USD ($) |
Purchase Option, Percentage of Towers | 68.00% |
Purchase Options, Land | $ 2.3 |
Debt and Other Obligations (Ind
Debt and Other Obligations (Indebtedness) (Details) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | |
Debt Instrument [Line Items] | |||
Debt | $ 992,317 | $ 991,279 | |
2012 secured notes tranche A [Member] | |||
Debt Instrument [Line Items] | |||
Total debt and other obligations | $ 500,000 | ||
Stated interest rate | 2.381% | ||
Debt Instrument, Maturity Date | Dec. 1, 2017 | ||
2012 secured notes tranche B [Member] | |||
Debt Instrument [Line Items] | |||
Debt | $ 992,317 | ||
Total debt and other obligations | $ 1,000,000 | ||
Stated interest rate | 3.849% | ||
Debt Instrument, Maturity Date | Apr. 1, 2023 | ||
Debt issued by Parent [Member] | September 2016 Senior Unsecured Notes [Member] | |||
Debt Instrument [Line Items] | |||
Stated interest rate | 2.25% | ||
Debt Instrument, Face Amount | $ 700,000 |
Debt and Other Obligations (Com
Debt and Other Obligations (Components of Interest Expense and Amortization of Deferred Financing Costs) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Debt and Other Obligations [Abstract] | ||||
Interest expense on debt obligations | $ 9,623 | $ 12,267 | $ 28,868 | $ 37,465 |
Amortization of deferred financing costs | 346 | 667 | 1,038 | 2,081 |
Total | $ 9,969 | $ 12,934 | $ 29,906 | $ 39,546 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Related Party Transaction [Line Items] | ||||
Net Equity Distribution | $ 80,758 | $ 65,168 | $ 224,160 | $ 194,678 |
2012 secured notes tranche A [Member] | ||||
Related Party Transaction [Line Items] | ||||
Stated interest rate | 2.381% | 2.381% | ||
Affiliated Entity [Member] | ||||
Related Party Transaction [Line Items] | ||||
Percentage of land controlled by affiliate | 28.00% | 28.00% | ||
Members' Equity [Member] | ||||
Related Party Transaction [Line Items] | ||||
Net Equity Distribution | $ 49,034 | 42,215 | $ 127,588 | 42,215 |
Accumulated Earnings (Deficit) [Member] | ||||
Related Party Transaction [Line Items] | ||||
Net Equity Distribution | $ 31,724 | 22,953 | 96,572 | 152,463 |
Net Equity contribution (distribution) from parent [Member] | Members' Equity [Member] | ||||
Related Party Transaction [Line Items] | ||||
Net Equity Distribution | 224,160 | (313,794) | ||
Equity contribution related to debt repayment [Member] | ||||
Related Party Transaction [Line Items] | ||||
Net Equity Distribution | (508,472) | $ 0 | (508,472) | |
Equity contribution related to debt repayment [Member] | Members' Equity [Member] | ||||
Related Party Transaction [Line Items] | ||||
Net Equity Distribution | (508,472) | (508,472) | ||
Equity contribution related to debt repayment [Member] | Accumulated Earnings (Deficit) [Member] | ||||
Related Party Transaction [Line Items] | ||||
Net Equity Distribution | $ 0 | $ 0 |
Fair Value Disclosures (Estimat
Fair Value Disclosures (Estimated Fair Values and Carrying Amounts of Assets and Liabilities) (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Dec. 31, 2015 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents, carrying value | $ 24,519 | $ 19,550 | $ 39,581 | $ 20,401 |
Debt | 992,317 | 991,279 | ||
Fair Value, Inputs, Level 1 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents, fair value | 24,519 | 19,550 | ||
Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt and other obligations, fair value | $ 1,050,230 | $ 1,013,300 |
Commitments and Contingencies T
Commitments and Contingencies Tower count as a percentage of total towers (Details) | Sep. 30, 2017 |
Leased or Operated Under Master Lease Agreements [Member] | |
Contractual Terms [Line Items] | |
Purchase Option, Percentage of Towers | 68.00% |
Supplemental Cash Flow Inform26
Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Interest Paid | $ 19,246 | $ 28,372 |