Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 05, 2018 | |
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, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 0 | |
Entity Current Reporting Status | Yes | |
Entity Small Business | false | |
Entity Emerging Growth Company | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheet - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and cash equivalents | $ 24,236 | $ 30,771 |
Receivables, net | 2,740 | 2,581 |
Prepaid expenses | 28,615 | 24,300 |
Deferred site rental receivables and other current assets | 25,739 | 25,105 |
Total current assets | 81,330 | 82,757 |
Deferred site rental receivables | 341,633 | 333,164 |
Property and equipment, net of accumulated depreciation of $989,180 and $919,546, respectively | 1,021,517 | 1,041,157 |
Goodwill | 1,338,730 | 1,338,730 |
Other intangible assets, net | 836,156 | 922,526 |
Long-term prepaid rent and other assets, net | 39,252 | 38,154 |
Total assets | 3,658,618 | 3,756,488 |
LIABILITIES AND EQUITY | ||
Accrued expenses and payables | 2,325 | 1,801 |
Accrued interest | 17,748 | 8,126 |
Deferred revenues | 11,709 | 11,586 |
Other accrued liabilities | 8,835 | 8,828 |
Total current liabilities | 40,617 | 30,341 |
Debt | 993,701 | 992,663 |
Deferred Ground Lease Payable | 111,856 | 107,673 |
Above Market Leases and Other Liabilities | 49,936 | 49,340 |
Total liabilities | 1,196,110 | 1,180,017 |
Member's equity: | ||
Member's equity | 2,462,508 | 2,576,471 |
Accumulated earnings (deficit) | 0 | 0 |
Total member's equity | 2,462,508 | 2,576,471 |
Total liabilities and equity | $ 3,658,618 | $ 3,756,488 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheet Parenthetical (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Property, Plant and Equipment [Line Items] | ||
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $ 989,180 | $ 919,546 |
Condensed Consolidated Statemen
Condensed Consolidated Statement of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Income Statement [Abstract] | |||||
Site rental revenues | $ 165,108 | $ 153,732 | $ 492,158 | $ 460,028 | |
Operating expenses: | |||||
Site rental cost of operations—third parties | [1] | 37,616 | 37,504 | 112,469 | 113,185 |
Site rental cost of operations—related parties | [1] | 10,163 | 9,234 | 30,478 | 27,275 |
Site rental cost of operations—total | [1] | 47,779 | 46,738 | 142,947 | 140,460 |
Management fee—related party | 12,207 | 11,779 | 36,227 | 35,069 | |
Asset write-down charges | 0 | 0 | 344 | 0 | |
Depreciation, amortization and accretion | 52,333 | 52,714 | 157,765 | 157,886 | |
Total operating expenses | 112,319 | 111,231 | 337,283 | 333,415 | |
Operating income (loss) | 52,789 | 42,501 | 154,875 | 126,613 | |
Interest expense and amortization of deferred financing costs | (9,969) | (9,969) | (29,906) | (29,906) | |
Other income (expense) | 90 | (720) | 63 | 129 | |
Income (loss) before income taxes | 42,910 | 31,812 | 125,032 | 96,836 | |
Benefit (provision) for income taxes | (93) | (88) | (279) | (264) | |
Net income (loss) | $ 42,817 | $ 31,724 | $ 124,753 | $ 96,572 | |
[1] | Exclusive of depreciation, amortization and accretion shown separately and certain indirect costs included in the management fee. |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 124,753 | $ 96,572 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation, amortization and accretion | 157,765 | 157,886 |
Amortization of deferred financing costs | 1,038 | 1,038 |
Asset write-down charges | 344 | 0 |
Changes in assets and liabilities: | ||
Increase (decrease) in accrued interest | 9,622 | 9,622 |
Increase (decrease) in accounts payable | 500 | (893) |
Increase (decrease) in deferred revenues, deferred ground lease payable and other liabilities | 3,009 | 3,788 |
Decrease (increase) in receivables | (158) | 1,148 |
Decrease (increase) in other current assets, deferred site rental receivable, long-term prepaid rent and other assets | (12,505) | 5,969 |
Net cash provided by (used for) operating activities | 284,368 | 275,130 |
Cash flows from investing activities: | ||
Capital expenditures | (52,187) | (46,001) |
Net cash provided by (used for) investing activities | (52,187) | (46,001) |
Cash flows from financing activities: | ||
Distributions to Member | (238,716) | (224,160) |
Net cash provided by (used for) financing activities | (238,716) | (224,160) |
Net increase (decrease) in cash and cash equivalents | (6,535) | 4,969 |
Cash and cash equivalents at beginning of period | 30,771 | 19,550 |
Cash and cash equivalents at end of period | $ 24,236 | $ 24,519 |
Condensed Consolidated Statem_3
Condensed Consolidated Statement of Equity - USD ($) $ in Thousands | Total | Members' Equity [Member] | Accumulated Earnings (Deficit) [Member] |
Balance, beginning at Dec. 31, 2016 | $ 2,739,245 | $ 2,739,245 | $ 0 |
Equity [Roll Forward] | |||
Distributions to Member | (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] | |||
Distributions to Member | (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 |
Balance, beginning at Dec. 31, 2017 | 2,576,471 | 2,576,471 | 0 |
Equity [Roll Forward] | |||
Distributions to Member | (238,716) | (113,963) | (124,753) |
Net income (loss) | 124,753 | 0 | 124,753 |
Balance, ending at Sep. 30, 2018 | 2,462,508 | 2,462,508 | 0 |
Balance, beginning at Jun. 30, 2018 | 2,498,784 | 2,498,784 | 0 |
Equity [Roll Forward] | |||
Distributions to Member | (79,093) | (36,276) | (42,817) |
Net income (loss) | 42,817 | 0 | 42,817 |
Balance, ending at Sep. 30, 2018 | $ 2,462,508 | $ 2,462,508 | $ 0 |
General
General | 9 Months Ended |
Sep. 30, 2018 | |
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, 2017 , and related notes thereto, included in the 2017 Form 10-K filed by the Company with the SEC. The Company is organized specifically to own, lease and manage towers and other structures (collectively, "towers"), and to a lesser extent, interests in land under third party and related party towers in various forms ("land interests") (collectively, "communications infrastructure" or "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 lease, license, and sublease agreements (collectively, "contracts"). The Company's customers on its communication infrastructure are referred to herein as "tenants." 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. For U.S federal income tax purposes, CCIC operates as a real estate investment trust ("REIT"), and as its indirect subsidiary, the Company's assets and operations are included in 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 state fairly the consolidated financial position of the Company at September 30, 2018 , and the consolidated results of operations and the consolidated cash flows for the nine months ended September 30, 2018 and 2017 . 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 full year. The preparation of financial statements in conformity with GAAP requires management to make estimates and 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 those estimates. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Summary of Significant Accounting Policies | Recently Adopted Accounting Pronouncements In January 2017, the FASB issued new guidance which clarifies the definition of a business in order to assist companies in evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The Company adopted the guidance on January 1, 2018, and the adoption of this guidance did not have a material impact on its condensed consolidated financial statements. In May 2014, the FASB released updated guidance regarding the recognition of revenue from contracts with customers not otherwise addressed by specific guidance (commonly referred to as "ASC 606" or "the revenue recognition standard"). 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 was effective for the Company on January 1, 2018. The Company's site rental revenues are within the scope of lease accounting and were not impacted by this guidance. Recent Accounting Pronouncements Not Yet Adopted 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 adopted using a modified retrospective approach, which after certain additional updates in July 2018, allows the Company to apply the new guidance either (1) as of the beginning of the earliest period presented, or (2) as of the effective date (i.e., January 1, 2019), without adjusting the comparative periods. If necessary under the new guidance, a cumulative-effect adjustment is recognized to the opening balance of retained earnings in the period in which the guidance is initially applied. The Company will apply the guidance as of the effective date, without adjusting the comparative periods and, if necessary, will recognize a cumulative-effect adjustment to the opening balance of retained earnings. Although early adoption is permitted, the Company will not adopt the new guidance prior to January 1, 2019. The Company expects that (1) its lessor and lessee arrangements will continue to be classified as operating leases under the new guidance; (2) this guidance will have a material impact on its condensed consolidated balance sheet due to the addition of right-of-use assets and lease liabilities for lessee arrangements (which primarily consist of ground leases under the Company's towers); and (3) there will not be a material impact to its condensed consolidated statement of operations and condensed consolidated statement of cash flows. CCIC is in the process of updating certain of its existing information technology systems to integrate the new lease guidance requirements. |
Debt and Other Obligations
Debt and Other Obligations | 9 Months Ended |
Sep. 30, 2018 | |
Extinguishment of Debt [Line Items] | |
Debt and Other Obligations | Debt The outstanding balance of the 3.849% Secured Notes due April 2023 as of September 30, 2018 and December 31, 2017 was $994 million and $993 million , respectively. 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, 2018 2017 2018 2017 Interest expense on debt obligations $ 9,623 $ 9,623 $ 28,868 $ 28,868 Amortization of deferred financing costs 346 346 1,038 1,038 Total $ 9,969 $ 9,969 $ 29,906 $ 29,906 |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2017 | |
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 towers. 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 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 contract for the land that existed prior to an affiliate acquiring rights to such land. As of September 30, 2018 , approximately 30% of the Company's towers were located on land which was controlled by an affiliate. Also, the Company receives site rental revenue from affiliates for land controlled by the Company on which affiliates have towers and pays ground rent expense to affiliates for land owned by affiliates on which the Company has towers. For the nine months ended September 30, 2018 and 2017, the Company recorded equity distributions of $238.7 million and $224.2 million , respectively, reflecting distributions to its member. 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, 2018 and 2017 , 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, 2018 | |
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 included in the CCIC REIT. For the nine months ended September 30, 2018 and 2017 , the Company's effective tax rate differed from the federal statutory rate predominately due to (1) CCIC's REIT status, including the dividends paid deduction and (2) state taxes. |
Fair Values
Fair Values | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
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, non-binding quotes from brokers. Quotes from brokers require judgment and are based on the brokers' interpretation of 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, 2017 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, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents 1 $ 24,236 $ 24,236 $ 30,771 $ 30,771 Liabilities: Debt 2 993,701 994,300 992,663 1,032,530 |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
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, 2018 | |
Supplemental Cash Flow Information [Line Items] | |
Cash Flow, Supplemental Disclosures [Text Block] | Supplemental Cash Flow Information Nine Months Ended September 30, 2018 2017 Supplemental disclosure of cash flow information: Interest paid $ 19,246 $ 19,246 |
Guarantor Subsidiaries (Notes)
Guarantor Subsidiaries (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Guarantees [Abstract] | |
Guarantor Subsidiaries | Guarantor Subsidiaries CCL has no independent assets or operations. The 3.849% 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 Secured Notes 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 Secured Notes Indenture, or (4) upon the discharge of the Secured Notes Indenture in accordance with its terms. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Recently Adopted Accounting Pronouncements In January 2017, the FASB issued new guidance which clarifies the definition of a business in order to assist companies in evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The Company adopted the guidance on January 1, 2018, and the adoption of this guidance did not have a material impact on its condensed consolidated financial statements. In May 2014, the FASB released updated guidance regarding the recognition of revenue from contracts with customers not otherwise addressed by specific guidance (commonly referred to as "ASC 606" or "the revenue recognition standard"). 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 was effective for the Company on January 1, 2018. The Company's site rental revenues are within the scope of lease accounting and were not impacted by this guidance. Recent Accounting Pronouncements Not Yet Adopted 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 adopted using a modified retrospective approach, which after certain additional updates in July 2018, allows the Company to apply the new guidance either (1) as of the beginning of the earliest period presented, or (2) as of the effective date (i.e., January 1, 2019), without adjusting the comparative periods. If necessary under the new guidance, a cumulative-effect adjustment is recognized to the opening balance of retained earnings in the period in which the guidance is initially applied. The Company will apply the guidance as of the effective date, without adjusting the comparative periods and, if necessary, will recognize a cumulative-effect adjustment to the opening balance of retained earnings. Although early adoption is permitted, the Company will not adopt the new guidance prior to January 1, 2019. The Company expects that (1) its lessor and lessee arrangements will continue to be classified as operating leases under the new guidance; (2) this guidance will have a material impact on its condensed consolidated balance sheet due to the addition of right-of-use assets and lease liabilities for lessee arrangements (which primarily consist of ground leases under the Company's towers); and (3) there will not be a material impact to its condensed consolidated statement of operations and condensed consolidated statement of cash flows. CCIC is in the process of updating certain of its existing information technology systems to integrate the new lease guidance requirements. |
Debt and Other Obligations (Tab
Debt and Other Obligations (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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, 2018 2017 2018 2017 Interest expense on debt obligations $ 9,623 $ 9,623 $ 28,868 $ 28,868 Amortization of deferred financing costs 346 346 1,038 1,038 Total $ 9,969 $ 9,969 $ 29,906 $ 29,906 |
Fair Value Disclosures (Tables)
Fair Value Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
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, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents 1 $ 24,236 $ 24,236 $ 30,771 $ 30,771 Liabilities: Debt 2 993,701 994,300 992,663 1,032,530 |
Supplemental Cash Flow Inform_2
Supplemental Cash Flow Information (Tables) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Supplemental Cash Flow Information [Line Items] | ||
Interest Paid | $ 19,246 | $ 19,246 |
General Business (Details)
General Business (Details) - Leased or Operated Under Sprint Master Lease Agreements [Member] $ in Billions | Sep. 30, 2018USD ($) |
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, 2018 | Dec. 31, 2017 | |
Debt Instrument [Line Items] | ||
Debt | $ 993,701 | $ 992,663 |
2012 secured notes tranche B [Member] | ||
Debt Instrument [Line Items] | ||
Debt | $ 993,701 | $ 992,663 |
Stated interest rate | 3.849% | |
Debt Instrument, Maturity Date | Apr. 1, 2023 |
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, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Debt and Other Obligations [Abstract] | ||||
Interest expense on debt obligations | $ 9,623 | $ 9,623 | $ 28,868 | $ 28,868 |
Amortization of deferred financing costs | 346 | 346 | 1,038 | 1,038 |
Total | $ 9,969 | $ 9,969 | $ 29,906 | $ 29,906 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Related Party Transaction [Line Items] | ||||
Property Management Fee, Percent Fee | 7.50% | |||
Distributions to Member | $ (79,093) | $ (80,758) | $ (238,716) | $ (224,160) |
Affiliated Entity [Member] | ||||
Related Party Transaction [Line Items] | ||||
Related Party Transaction, Percentage of Towers Where Land is Owned by Related Party | 30.00% | 30.00% | ||
Accumulated Earnings (Deficit) [Member] | ||||
Related Party Transaction [Line Items] | ||||
Distributions to Member | $ (42,817) | (31,724) | $ (124,753) | (96,572) |
Members' Equity [Member] | ||||
Related Party Transaction [Line Items] | ||||
Distributions to Member | $ (36,276) | $ (49,034) | (113,963) | (127,588) |
Net Equity contribution (distribution) from parent [Member] | Members' Equity [Member] | ||||
Related Party Transaction [Line Items] | ||||
Distributions to Member | $ (238,716) | $ (224,160) |
Fair Value Disclosures (Estimat
Fair Value Disclosures (Estimated Fair Values and Carrying Amounts of Assets and Liabilities) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Dec. 31, 2016 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents, carrying value | $ 24,236 | $ 30,771 | $ 24,519 | $ 19,550 |
Debt | 993,701 | 992,663 | ||
Fair Value, Inputs, Level 1 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents, fair value | 24,236 | 30,771 | ||
Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt and other obligations, fair value | $ 994,300 | $ 1,032,530 |
Commitments and Contingencies T
Commitments and Contingencies Tower count as a percentage of total towers (Details) | Sep. 30, 2018 |
Leased or Operated Under Sprint Master Lease Agreements [Member] | |
Contractual Terms [Line Items] | |
Purchase Option, Percentage of Towers | 68.00% |
Supplemental Cash Flow Inform_3
Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Interest Paid | $ 19,246 | $ 19,246 |