Document and Entity Information (USD $)
In Billions, except Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
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Feb. 11, 2013
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Jun. 30, 2012
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Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2012 | ||
Document Fiscal Year Focus | 2012 | ||
Document Fiscal Period Focus | FY | ||
Entity Registrant Name | AMERICAN TOWER CORP /MA/ | ||
Entity Central Index Key | 0001053507 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 395,103,065 | ||
Entity Public Float | $ 27.6 | ||
Entity Current Reporting Status | Yes | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For a classified balance sheet, the cumulative difference between the rental income or payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense, by the lessor or lessee, respectively, more than one year after the balance sheet date. Such receivable is reduced by allowances attributable to, for instance, credit risk associated with a lessee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer plus capital lease obligations due to be paid more than one year after the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer, and the aggregate carrying amount of current assets, as of the balance sheet date, not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
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Dec. 31, 2012
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Dec. 31, 2011
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CONSOLIDATED BALANCE SHEETS | ||
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 395,963,218 | 393,642,079 |
Common stock, shares outstanding | 395,091,213 | 393,642,079 |
Treasury stock, shares | 872,005 | 0 |
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2010
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REVENUES: | |||
Rental and management | $ 2,803,490 | $ 2,386,185 | $ 1,936,373 |
Network development services | 72,470 | 57,347 | 48,962 |
Total operating revenues | 2,875,960 | 2,443,532 | 1,985,335 |
OPERATING EXPENSES: | |||
Rental and management (including stock-based compensation expense of $793, 1,105 and $0, respectively) | 686,681 | 590,272 | 447,629 |
Network development services (including stock-based compensation expense of $968, $1,224 and $0, respectively) | 35,798 | 30,684 | 26,957 |
Depreciation, amortization and accretion | 644,276 | 555,517 | 460,726 |
Selling, general, administrative and development expense (including stock-based compensation expense of $50,222, $45,108 and $52,555, respectively) | 327,301 | 288,824 | 229,769 |
Other operating expenses | 62,185 | 58,103 | 35,876 |
Total operating expenses | 1,756,241 | 1,523,400 | 1,200,957 |
OPERATING INCOME | 1,119,719 | 920,132 | 784,378 |
OTHER INCOME (EXPENSE): | |||
Interest income, TV Azteca, net of interest expense of $1,485, $1,474 and $1,487, restpectively | 14,258 | 14,214 | 14,212 |
Interest income | 7,680 | 7,378 | 5,024 |
Interest expense | (401,665) | (311,854) | (246,018) |
Loss on retirement of long-term obligations | (398) | 0 | (1,886) |
Other (expense) income (including unrealized foreign currency (losses) gains of $(34,330), $(131,053) and $4,792, respectively | (38,300) | (122,975) | 315 |
Total other expense | (418,425) | (413,237) | (228,353) |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND INCOME ON EQUITY METHOD INVESTMENTS | 701,294 | 506,895 | 556,025 |
Income tax provision | (107,304) | (125,080) | (182,489) |
Income on equity method investments | 35 | 25 | 40 |
INCOME FROM CONTINUING OPERATIONS | 594,025 | 381,840 | 373,576 |
INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX PROVISION OF $0, $0 and $19, RESPECTIVELY | 0 | 0 | 30 |
NET INCOME | 594,025 | 381,840 | 373,606 |
Net (loss) income attributable to noncontrolling interest | 43,258 | 14,622 | (670) |
NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION | $ 637,283 | $ 396,462 | $ 372,936 |
BASIC: | |||
Income from continuing operations attributable to American Tower Corporation (in dollars per share) | $ 1.61 | $ 1.00 | $ 0.93 |
Income from discontinued operations attributable to American Tower Corporation (in dollars per share) | $ 0 | $ 0 | $ 0.00 |
Net income attributable to American Tower Corporation (in dollars per share) | $ 1.61 | $ 1.00 | $ 0.93 |
DILUTED: | |||
Income from continuing operations attributable to American Tower Corporation (in dollars per share) | $ 1.60 | $ 0.99 | $ 0.92 |
Income from discontinued operations attributable to American Tower Corporation (in dollars per share) | $ 0 | $ 0 | $ 0.00 |
Net income attributable to American Tower Corporation (in dollars per share) | $ 1.60 | $ 0.99 | $ 0.92 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||
BASIC (in shares) | 394,772 | 395,711 | 401,152 |
DILUTED (in shares) | 399,287 | 400,195 | 404,072 |
DISTRIBUTIONS DECLARED, PER SHARE | $ 0.90 | $ 0.35 | $ 0 |
X | ||||||||||
- Definition
Net Interest Income TV Azteca No definition available.
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X | ||||||||||
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Costs incurred and are directly related to generating revenues from leased and rented property or equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Stock-based compensation expense | $ 51,983 | $ 47,437 | $ 52,555 |
Interest expense, TV Azteca | 1,485 | 1,474 | 1,487 |
Discontinued operations, income tax provision | 0 | 0 | 19 |
Unrealized foreign currency (losses) gains | (34,330) | (131,053) | 4,792 |
Rental And Management [Member]
|
|||
Stock-based compensation expense | 793 | 1,105 | |
Network Development Services [Member]
|
|||
Stock-based compensation expense | 968 | 1,224 | |
Selling General Administrative And Development Expense [Member]
|
|||
Stock-based compensation expense | $ 50,222 | $ 45,108 | $ 52,555 |
X | ||||||||||
- Definition
Interest expense related to TV Azteca No definition available.
|
X | ||||||||||
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate unrealized foreign currency transaction gain (loss) (pretax) included in determining net income for the reporting period. Represents the aggregate of gains (losses) on transactions that are unsettled as of the balance sheet date, which is therefore an adjustment to reconcile income (loss) from continuing operations to net cash provided by or used in continuing operations. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting entity's financial statements. For certain entities, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Statement of Income and Comprehensive Income [Abstract] | |||
Net income | $ 594,025 | $ 381,840 | $ 373,606 |
Net change in fair value of cash flow hedges, net of taxes of $905, $1,334 and $6,046, respectively | (5,315) | 1,977 | 9,496 |
Reclassification of unrealized losses on cash flow hedges to net income, net of taxes of $208, $74 and $75, respectively | 1,132 | 225 | 118 |
Net unrealized (loss) gain on available-for-sale securities, net of taxes of $0, $65 and $4, respectively | 0 | (104) | 7 |
Reclassification of unrealized losses on available-for-sale securities to net income | 495 | 0 | 0 |
Foreign currency translation adjustments, net of taxes of $7,677, $1,702 and $3,541, respectively | (58,387) | (187,466) | 41,081 |
Reclassifications due to REIT Conversion | 0 | (1,752) | 0 |
Other comprehensive (loss) income | (62,075) | (187,120) | 50,702 |
Comprehensive income | 531,950 | 194,720 | 424,308 |
Comprehensive loss (income) attributable to non-controlling interest | 64,603 | 21,072 | (670) |
Comprehensive income attributable to American Tower Corporation | $ 596,553 | $ 215,792 | $ 423,638 |
X | ||||||||||
- Definition
Reversal of the deferred tax assets and liabilities related to the entities operating as REIT activities No definition available.
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax and reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment for unrealized (losses) realized upon the write-down of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
CONSOLIDATED STATMENT OF COMPREHENSIVE INCOME (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Statement of Income and Comprehensive Income [Abstract] | |||
Reclssification of unrealized losses on cash flow hedges to net income, tax | $ 208 | $ 74 | $ 75 |
Other comprehensive income (loss), available-for-sale securities, tax | 0 | (65) | 4 |
Foreign currency translation adjustments, tax | (7,677) | (1,702) | 3,541 |
Net change in fair value of cash flow hedges, tax | $ (905) | $ 1,334 | $ 6,046 |
X | ||||||||||
- Definition
Tax of the reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. No definition available.
|
X | ||||||||||
- Definition
Tax effect of the change in gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. No definition available.
|
X | ||||||||||
- Definition
Tax effect of the appreciation (loss) in the value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tax effect of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
CONSOLIDATED STATEMENT OF EQUITY (USD $)
In Thousands, except Share data |
Total
|
Common Stock
|
Treasury Stock
|
Additional Paid-in Capital
|
Accumulated Other Comprehensive (Loss) Income
|
Earnings (Distributions) in Excess of Distributions (Earnings)
|
Noncontrolling Interest
|
---|---|---|---|---|---|---|---|
BALANCE at Dec. 31, 2009 | $ 3,318,125 | $ 4,797 | $ (2,961,177) | $ 8,393,643 | $ (12,649) | $ (2,109,532) | $ 3,043 |
BALANCE (shares) at Dec. 31, 2009 | 479,703,633 | (78,106,649) | |||||
Stock based compensation related activity (shares) | 4,646,904 | ||||||
Stock based compensation related activity | 174,077 | 46 | 174,031 | ||||
Issuance of common stock upon exercise of warrants (shares) | 1,631,061 | ||||||
Issuance of common stock upon exercise of warrants | 6,859 | 16 | 6,843 | ||||
Issuance of common stock-Stock Purchase Plan (shares) | 75,354 | ||||||
Issuance of common stock-Stock Purchase Plan | 2,577 | 1 | 2,576 | ||||
Treasury stock activity (shares) | (9,273,069) | ||||||
Treasury stock activity | (420,789) | (420,789) | |||||
Net change in fair value of cash flow hedges, net of tax | 9,496 | 9,496 | |||||
Reclassification of unrealized losses on cash flow hedges to net income, net of tax | 118 | 118 | |||||
Reclassification of unrealized losses on available-for-sale securities to net income | 0 | ||||||
Net unrealized (loss) gain on available-for-sale securities, net of tax | 7 | 7 | |||||
Foreign currency translation adjustments, net of tax | 41,081 | 41,081 | |||||
Reclassifications Due To REIT Conversion | 0 | ||||||
Other comprehensive (loss) income | 50,702 | ||||||
Distributions to noncontrolling interest | (599) | (599) | |||||
Net income | 373,606 | 372,936 | 670 | ||||
BALANCE at Dec. 31, 2010 | 3,504,558 | 4,860 | (3,381,966) | 8,577,093 | 38,053 | (1,736,596) | 3,114 |
BALANCE (shares) at Dec. 31, 2010 | 486,056,952 | (87,379,718) | |||||
Stock based compensation related activity (shares) | 3,033,698 | ||||||
Stock based compensation related activity | 128,158 | 30 | 128,128 | ||||
Issuance of common stock-Stock Purchase Plan (shares) | 79,049 | ||||||
Issuance of common stock-Stock Purchase Plan | 3,523 | 1 | 3,522 | ||||
Treasury stock activity (shares) | (8,147,902) | ||||||
Treasury stock activity | (423,932) | (423,932) | |||||
Net change in fair value of cash flow hedges, net of tax | 1,977 | 1,977 | |||||
Reclassification of unrealized losses on cash flow hedges to net income, net of tax | 225 | 225 | |||||
Reclassification of unrealized losses on available-for-sale securities to net income | 0 | ||||||
Net unrealized (loss) gain on available-for-sale securities, net of tax | (104) | (104) | |||||
Foreign currency translation adjustments, net of tax | (187,466) | (181,016) | (6,450) | ||||
Reclassifications Due To REIT Conversion | (1,752) | (1,752) | |||||
Other comprehensive (loss) income | (187,120) | ||||||
Retirement of treasury stock (shares) | (95,527,620) | 95,527,620 | |||||
Retirement of treasury stock | (955) | 3,805,898 | (3,804,943) | ||||
Contributions from noncontrolling interests | 141,387 | 141,387 | |||||
Distributions to noncontrolling interest | (507) | (507) | |||||
Dividends/distributions declared | (137,765) | (137,765) | |||||
Net income | 381,840 | 396,462 | (14,622) | ||||
BALANCE at Dec. 31, 2011 | 3,410,142 | 3,936 | 0 | 4,903,800 | (142,617) | (1,477,899) | 122,922 |
BALANCE (shares) at Dec. 31, 2011 | 393,642,079 | 0 | |||||
Stock based compensation related activity (shares) | 2,233,390 | ||||||
Stock based compensation related activity | 103,820 | 22 | 103,798 | ||||
Issuance of common stock-Stock Purchase Plan (shares) | 87,749 | ||||||
Issuance of common stock-Stock Purchase Plan | 4,527 | 1 | 4,526 | ||||
Treasury stock activity (shares) | (872,005) | (872,005) | |||||
Treasury stock activity | (62,728) | (62,728) | |||||
Net change in fair value of cash flow hedges, net of tax | (5,315) | (4,733) | (582) | ||||
Reclassification of unrealized losses on cash flow hedges to net income, net of tax | 1,132 | 998 | 134 | ||||
Reclassification of unrealized losses on available-for-sale securities to net income | 495 | 495 | |||||
Net unrealized (loss) gain on available-for-sale securities, net of tax | 0 | ||||||
Foreign currency translation adjustments, net of tax | (58,387) | (37,490) | (20,897) | ||||
Reclassifications Due To REIT Conversion | 0 | ||||||
Other comprehensive (loss) income | (62,075) | ||||||
Contributions from noncontrolling interests | 53,341 | 53,341 | |||||
Distributions to noncontrolling interest | (580) | (580) | |||||
Dividends/distributions declared | (356,291) | (356,291) | |||||
Net income | 594,025 | 637,283 | (43,258) | ||||
BALANCE at Dec. 31, 2012 | $ 3,684,181 | $ 3,959 | $ (62,728) | $ 5,012,124 | $ (183,347) | $ (1,196,907) | $ 111,080 |
BALANCE (shares) at Dec. 31, 2012 | 395,963,218 | (872,005) |
X | ||||||||||
- Definition
Reversal of the deferred tax assets and liabilities related to the entities operating as REIT activities No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Stock Issued During Period Shares Stock Warrant Exercised No definition available.
|
X | ||||||||||
- Definition
Stock Issued During Period Shares Stock Warrants Exercised No definition available.
|
X | ||||||||||
- Definition
Equity impact of common stock cash dividends declared by an entity during the period. This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Increase in noncontrolling interest balance because of a business combination that occurred during the period. No definition available.
|
X | ||||||||||
- Definition
Net of tax and reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment for unrealized (losses) realized upon the write-down of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares issued during the period as a result of an employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate change in value for stock issued during the period as a result of employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of common and preferred stock retired from treasury during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Net income | $ 594,025 | $ 381,840 | $ 373,606 |
Adjustments to reconcile net income to cash provided by operating activities: | |||
Depreciation, amortization and accretion | 644,276 | 555,517 | 460,726 |
Stock-based compensation expense | 51,983 | 47,437 | 52,555 |
Income taxes related to discontinued operations | 0 | 0 | (19) |
(Increase) decrease in restricted cash | (26,500) | 11,867 | (4,941) |
Loss (gain) on investments, unrealized foreign currency (gain) loss and other non-cash (income) expense | 60,002 | 149,191 | 5,085 |
Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 34,280 | 17,412 | 16,652 |
Loss on retirement of long-term obligations | 0 | 0 | 0 |
Amortization of deferred financing costs, debt discounts and other non-cash interest | 11,090 | 13,092 | 9,408 |
Provision for losses on accounts receivable | (4,155) | 7,101 | 4,188 |
Deferred income taxes | 29,300 | 56,852 | 188,327 |
Changes in assets and liabilities, net of acquisitions: | |||
Accounts receivable | (43,679) | (28,857) | (18,974) |
Prepaid and other assets | 84,640 | (43,659) | (48,834) |
Deferred rent asset | (164,219) | (143,994) | (105,226) |
Accounts payable and accrued expenses | 21,880 | 84,699 | 1,603 |
Accrued interest | 25,031 | 23,360 | 16,633 |
Unearned revenue | 68,015 | (6,351) | 44,382 |
Deferred rent liability | 33,707 | 30,952 | 22,269 |
Other non-current liabilities | (5,285) | 9,483 | 3,537 |
Cash provided by operating activities | 1,414,391 | 1,165,942 | 1,020,977 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||
Payments for purchase of property and equipment and construction activities | (568,048) | (523,015) | (346,664) |
Payments for acquisitions, net of cash acquired | (1,997,955) | (2,320,673) | (899,606) |
Proceeds from sales of short-term investments, available-for-sale securities and other long-term assets | 374,682 | 69,971 | 21,722 |
Payments for short-term investments | (352,306) | (42,590) | (52,197) |
Deposits, restricted cash and other | (14,758) | 25,495 | (24,157) |
Cash used for investing activities | (2,558,385) | (2,790,812) | (1,300,902) |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
(Repayments of) proceeds from short-term borrowings | (55,264) | 128,121 | 0 |
Borrowings under credit facilities | 2,582,000 | 1,005,014 | 500,562 |
Proceeds from issuance of senior notes | 698,670 | 499,290 | 1,698,370 |
Procceds from term loan credit facility | 750,000 | 0 | 0 |
Proceeds from other long-term borrowings | 177,299 | 212,783 | 0 |
Repayments of notes payable, credit facilities and capital leases | (2,658,566) | (395,384) | (983,737) |
Contribution from (distribution to) noncontrolling interest holders, net | 52,761 | 140,880 | (599) |
Purchases of common stock | (62,728) | (437,402) | (430,618) |
Proceeds from stock options, warrants and Stock Purchase Plan | 55,441 | 85,642 | 138,508 |
Distributions | (355,574) | (137,765) | 0 |
Deferred financing costs and other financing activities | (13,673) | (15,084) | (12,156) |
Cash provided by financing activities | 1,170,366 | 1,086,095 | 910,330 |
Net effect of changes in foreign currency exchange rates on cash and cash equivalents | 12,055 | (14,997) | 6,265 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | 38,427 | (553,772) | 636,670 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 330,191 | 883,963 | 247,293 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ 368,618 | $ 330,191 | $ 883,963 |
X | ||||||||||
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity and reported as a separate component of income before extraordinary items and the cumulative effect of accounting changes. Includes the tax effects of: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. No definition available.
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- Definition
Increase/decrease in deferred rent associated with non-cancellable tenant leases that contain fixed escalation clauses over the terms of the applicable leases. No definition available.
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- Definition
Increase/decrease in deferred rent associated with non-cancellable ground leases that contain fixed escalation clauses over the terms of the applicable leases. No definition available.
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- Definition
Loss (gain) on investments and other non-cash (income) expense No definition available.
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- Definition
Non cash gain losses on extinguishments of long term obligations No definition available.
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X | ||||||||||
- Definition
The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Also includes the cash inflow from the sale of other tangible or intangible assets used to produce goods or deliver services not otherwise defined in the taxonomy. No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of deferred income taxes and income tax credits less the tax benefit from exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as operating activities. This may include cash restricted for regulatory purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow in the form of ordinary dividends to common shareholders, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from other long-term borrowings not otherwise defined in the taxonomy (with maturities initially due beyond one year or the normal operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the issuance of long-term debt that is not secured by collateral. Excludes proceeds from tax exempt unsecured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from noncontrolled interest to increase or decrease the number of shares they have in the entity. This does not include dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with security instruments that either represent a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Includes repayments of (a) debt, (b) capital lease obligations, (c) mandatory redeemable capital securities, and (d) any combination of (a), (b), or (c). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Adjustment to remove noncash portion of restructuring costs and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Business and Summary of Significant Accounting Policies
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Discription of Business Basis Of Presentation And Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business and Summary of Significant Accounting Policies | 1. BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business—American Tower Corporation is, through its various subsidiaries (collectively, “ATC” or the “Company”), an independent owner, operator and developer of wireless and broadcast communications real estate in the United States, Brazil, Chile, Colombia, Germany, Ghana, India, Mexico, Peru, South Africa and Uganda. The Company's primary business is the leasing of antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries. The Company also manages rooftop and tower sites for property owners, operates in-building and outdoor distributed antenna system (“DAS”) networks, holds property interests under third-party communications sites and provides network development services that primarily support its rental and management operations and the addition of new tenants and equipment on its sites. The Company began operating as a real estate investment trust (“REIT”) for federal income tax purposes effective January 1, 2012.
ATC is a holding company that conducts its operations through its directly and indirectly owned subsidiaries and its joint ventures. ATC's principal domestic operating subsidiaries are American Towers LLC and SpectraSite Communications, LLC. ATC conducts its international operations through its subsidiary, American Tower International, Inc., which in turn conducts operations through its various international operating subsidiaries and joint ventures.
REIT Conversion—In May 2011, the Company announced its intention to reorganize to qualify as a REIT for federal income tax purposes (the “REIT Conversion”). Effective December 31, 2011, the Company completed the merger with its predecessor (“American Tower”) that was approved by the Company's stockholders in November 2011. At the time of the merger all outstanding shares of Class A common stock of American Tower were converted into a right to receive an equal number of shares of common stock of the surviving corporation. In addition, each share of Class A common stock of American Tower held in treasury at December 31, 2011 ceased to be outstanding, and a corresponding adjustment was recorded to additional paid-in capital and common stock.
The Company believes that since January 1, 2012, it has been organized and has operated in a manner that enables it to qualify, and intends to continue to operate in a manner that will allow it to continue to qualify, as a REIT for federal income tax purposes.
The Company holds and operates certain of its assets through one or more taxable REIT subsidiaries (“TRSs”). A TRS is a subsidiary of a REIT that is subject to applicable corporate income tax. The Company's use of TRSs enables it to continue to engage in certain businesses while complying with REIT qualification requirements and also allows the Company to retain income generated by these businesses for reinvestment without the requirement of distributing those earnings. The non-REIT qualified businesses that the Company holds through TRSs include its network development services segment. In addition, the Company has included its international operations and managed networks business within its TRSs. The Company is currently considering changing the election of one or more of its previously designated TRSs, which hold certain of its international operations, to be treated as qualified REIT subsidiaries or other disregarded entities (“QRSs”), and may reorganize and transfer certain assets or operations from its TRSs to other subsidiaries, including QRSs.
As a REIT, the Company generally will not be subject to federal income taxes on its income and gains that the Company distributes to its stockholders, including the income derived from leasing towers. However, even as a REIT, the Company will remain obligated to pay income taxes on earnings from its TRS assets. In addition, the Company's international assets and operations continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted.
Principles of Consolidation and Basis of Presentation —The accompanying consolidated financial statements include the accounts of the Company and those entities in which it has a controlling interest. Investments in entities that the Company does not control are accounted for using the equity or cost method, depending upon the Company's ability to exercise significant influence over operating and financial policies. All intercompany accounts and transactions have been eliminated.
Significant Accounting Policies and Use of Estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates, and such differences could be material to the accompanying consolidated financial statements. The significant estimates in the accompanying consolidated financial statements include impairment of long-lived assets (including goodwill), asset retirement obligations, revenue recognition, rent expense, stock-based compensation, income taxes and accounting for business combinations. The Company considers events or transactions that occur after the balance sheet date but before the financial statements are issued as additional evidence for certain estimates or to identify matters that require additional disclosure.
Changes in Presentation—Changes have been made to the presentation of the Company's consolidated statements of equity for the years ended December 31, 2011 and 2010 to be consistent with the current year presentation. Specifically, other comprehensive income was previously reported in the aggregate, but the individual components are now reported separately in the consolidated statements of equity.
Concentrations of Credit Risk—The Company is subject to concentrations of credit risk related to its cash and cash equivalents, notes receivable, accounts receivable, deferred rent asset and derivative financial instruments. The Company mitigates its risk with respect to cash and cash equivalents and derivative financial instruments by maintaining its deposits and contracts at high quality financial institutions and monitoring the credit ratings of those institutions.
The Company derives the largest portion of its revenues, corresponding accounts receivable and the related deferred rent asset from a relatively small number of tenants in the telecommunications industry, and approximately 51% of its revenues is derived from four customers. In addition, the Company has concentrations of credit risk in certain geographic areas.
The Company mitigates its concentrations of credit risk with respect to notes and trade receivables and the related deferred rent assets by actively monitoring the credit worthiness of its borrowers and tenants. In recognizing customer revenue, the Company must assess the collectibility of both the amounts billed and the portion recognized on a straight-line basis. This assessment takes tenant credit risk and business and industry conditions into consideration to ultimately determine the collectibility of the amounts billed. To the extent the amounts, based on management's estimates, may not be collectible, recognition is deferred until such point as the uncertainty is resolved. Any amounts that were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense included in selling, general, administrative and development expense in the accompanying consolidated statement of operations.
Accounts receivable are reported net of allowances for doubtful accounts related to estimated losses resulting from a tenant's inability to make required payments and allowances for amounts invoiced whose collectibility is not reasonably assured. These allowances are generally estimated based on payment patterns, days past due and collection history, and incorporate changes in economic conditions that may not be reflected in historical trends, such as tenants in bankruptcy, liquidation or reorganization. Receivables are written-off against the allowances when they are determined uncollectible. Such determination includes analysis and consideration of the particular conditions of the account. Changes in the allowances were as follows for the years ended December 31, (in thousands):
Functional Currency — As a result of changes to the organizational structure of the Company's subsidiaries in Latin America in 2010, the Company determined that effective January 1, 2010, the functional currency of its foreign subsidiary in Brazil is the Brazilian Real. From that point forward, all assets and liabilities held by the subsidiary in Brazil are translated into U.S. Dollars at the exchange rate in effect at the end of the applicable reporting period. Revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in equity. The change in functional currency from U.S. Dollars to Brazilian Real gave rise to an increase in the net value of certain non-monetary assets and liabilities. The aggregate impact on such assets and liabilities was $39.8 million with an offsetting increase in accumulated other comprehensive income during the year ended December 31, 2010.
As a result of the renegotiation of the Company's agreements with Grupo Iusacell, S.A. de C.V. (“Iusacell”), which included, among other changes, converting Iusacell's contractual obligations to the Company from U.S. Dollars to Mexican Pesos, the Company determined that effective April 1, 2010, the functional currency of certain of its foreign subsidiaries in Mexico is the Mexican Peso. From that point forward, all assets and liabilities held by those subsidiaries in Mexico are translated into U.S. Dollars at the exchange rate in effect at the end of the applicable reporting period. Revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in equity. The change in functional currency from U.S. Dollars to Mexican Pesos gave rise to a decrease in the net value of certain non-monetary assets and liabilities. The aggregate impact on such assets and liabilities was $33.6 million with an offsetting decrease in accumulated other comprehensive income.
The functional currency of the Company's other foreign operating subsidiaries is also the respective local currency. All assets and liabilities held by the subsidiaries are translated into U.S. Dollars at the exchange rate in effect at the end of the applicable fiscal reporting period. Revenues and expenses are translated at the average monthly exchange rates. The cumulative translation effect is included in equity as a component of accumulated other comprehensive income. Foreign currency transaction gains and losses are recognized in the consolidated statements of operations and are the result of transactions of a subsidiary being denominated in a currency other than its functional currency.
Cash and Cash Equivalents—Cash and cash equivalents include cash on hand, demand deposits and short-term investments, including money market funds, with remaining maturities of three months or less when acquired, whose cost approximates fair value.
Restricted Cash—The Company classifies as restricted cash all cash pledged as collateral to secure obligations and all cash whose use is otherwise limited by contractual provisions, including cash on deposit in reserve accounts relating to the Commercial Mortgage Pass-Through Certificates, Series 2007-1 issued in the Company's securitization transaction and the Secured Cellular Site Revenue Notes, Series 2010-1 Class C, Series 2010-2 Class C and Series 2010-2 Class F, assumed by the Company as a result of the acquisition of certain legal entities from Unison Holdings, LLC and Unison Site Management II, L.L.C. (collectively, “Unison”).
Short-Term Investments and Available-for-Sale Securities—As of December 31, 2012, short-term investments include highly-liquid investments of approximately $6.0 million and as of December 31, 2011, short-term investments and available-for-sale securities include highly-liquid investments of approximately $22.3 million, with original maturities in excess of three months. As of December 31, 2011, the Company's only short-term available-for-sale security was 39,871 shares of common stock of FiberTower Corporation, which had a fair value of less than $0.1 million (at a price of $0.21 per share). These shares were sold during the year ended December 31, 2012. All investments classified as available-for-sale are carried at fair value on the consolidated balance sheet. The net unrealized gains or losses on the available-for-sale securities are reported as accumulated other comprehensive income (loss), unless such changes are deemed other than temporary. The Company periodically reviews the value of available-for-sale securities and records any impairment charges in the consolidated statements of operations for any decline in value that is determined to be other-than-temporary. The Company does not have any investments classified as trading. During the years ended December 31, 2011 and 2010, the Company recorded unrealized (losses) gains on available-for-sale securities of $(0.1) million and $0.1 million, respectively (net of tax benefits (provisions) of less than $ 0.1 million and less than $(0.1) million, respectively).
As of December 31, 2011, the unrealized losses included in accumulated other comprehensive (loss) income totaled $0.4 million. Upon the sale of the available-for-sale securities during the year ended December 31, 2012, the amounts in accumulated other comprehensive (loss) income were recognized.
Property and Equipment—Property and equipment are recorded at cost or, in the case of acquired properties, at estimated fair value on the date acquired. Cost for self-constructed towers includes direct materials and labor, capitalized interest and certain indirect costs associated with construction of the tower, such as transportation costs, employee benefits and payroll taxes. The Company begins the capitalization of costs during the pre-construction period, which is the period during which costs are incurred to evaluate the site, and continues to capitalize costs until the tower is substantially completed and ready for occupancy by a tenant. Labor costs capitalized for the years ended December 31, 2012, 2011 and 2010 were $41.6 million, $35.6 million and $31.9 million, respectively. Interest costs capitalized for the years ended December 31, 2012, 2011 and 2010 were $1.9 million, $2.1 million and $1.0 million, respectively.
Expenditures for repairs and maintenance are expensed as incurred. Augmentation and improvements that extend an asset's useful life or enhance capacity are capitalized.
Depreciation is recorded using the straight-line method over the assets' estimated useful lives. Towers and related assets on leased land are depreciated over the shorter of the term of the ground lease (including renewal options and residual value) or the estimated useful life of the tower.
Towers or assets acquired through capital leases are reflected in property and equipment at the present value of future minimum lease payments or the fair market value of the leased asset at the inception of the lease. Property and equipment, network location intangibles and assets held under capital leases are amortized over the shorter of the lease term or the estimated useful lives of the assets for periods up to twenty years.
Goodwill and Other Intangible Assets— The Company reviews goodwill and intangible assets with indefinite lives for impairment at least annually (as of December 31) or whenever events or circumstances indicate the carrying value of an asset may not be recoverable.
The Company's goodwill is recorded in its domestic and international rental and management segments and network development services segment. The Company utilizes the two step impairment test when testing goodwill for impairment. When conducting this test, the Company employs a discounted cash flow analysis. The key assumptions utilized in the discounted cash flow analysis include current operating performance, terminal sales growth rate, management's expectations of future operating results and cash requirements, the current weighted average cost of capital, and an expected tax rate. Under the first step of this test, the Company compares the fair value of the reporting unit, as calculated under an income approach using future discounted cash flows, to the carrying value of the applicable reporting unit. If the carrying value exceeds the fair value, the Company conducts the second step of this test, in which the implied fair value of the applicable reporting unit's goodwill is compared to the carrying amount of that goodwill. If the carrying amount of goodwill exceeds its implied fair value, an impairment loss would be recognized.
During the years ended December 31, 2012, 2011 and 2010, no potential impairment was identified under the first step of the test, as the fair value of each of the reporting units was in excess of its carrying value.
Intangible assets that are separable from goodwill and are deemed to have a definite life are amortized over their useful lives, generally ranging from three to twenty years and are evaluated separately for impairment at least annually or whenever events or circumstances indicate that the carrying value of an asset may not be recoverable.
Deferred Rent Asset—The Company's deferred rent asset is associated with non-cancellable tenant leases that contain fixed escalation clauses over the terms of the applicable leases.
Notes Receivable and Other Non-Current Assets—Notes receivable and other non-current assets primarily represent the Company's notes receivable from TV Azteca, investments accounted for under the equity method, prepaid ground lease assets, long-term deposits, favorable leasehold interests and other non-current assets.
Derivative Financial Instruments—All derivatives are recorded on the consolidated balance sheet at fair value. Derivatives in an asset position are reflected in notes receivable and other non-current assets and derivatives in a liability position are reflected in other non-current liabilities in the accompanying consolidated balance sheets. If a derivative is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded in accumulated other comprehensive (loss) income and are recognized in the results of operations when the hedged item affects earnings. Ineffective portions of changes in the fair value of cash flow hedges are recognized in the results of operations. For derivative instruments not designated as hedging instruments, changes in fair value are recognized in the results of operations in the period that the change occurs.
The Company is exposed to certain risks related to its ongoing business operations. The primary risk managed through the use of derivative instruments is interest rate risk. From time to time, the Company enters into interest rate swap agreements to manage exposure on the variable rate debt under its credit facilities and to manage variability in cash flows relating to forecasted interest payments. Under these agreements, the Company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract. The Company's credit risk exposure is limited to the current value of the contract at the time the counterparty fails to perform. The Company may also enter into forward starting interest rate swap agreements and treasury lock agreements, which the Company designates as cash flow hedges, to manage exposure to variability in cash flows relating to forecasted interest payments in connection with the likely issuance of new fixed rate debt. Settlement gains and losses on terminations of these forward starting interest rate swap agreements are recorded in other comprehensive income (loss), net of taxes, and amortized to interest expense over the term of the newly issued debt.
The Company assesses, both at the inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items. The Company does not hold derivatives for trading purposes.
The Company may also enter into foreign currency financial instruments in anticipation of future transactions in order to minimize the risk of currency fluctuations. These transactions do not typically qualify for hedge accounting, and as a result, the associated gains and losses are recognized in other income (expense) in the consolidated statements of operations.
Fair Value Measurements— The Company determines the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following are three levels of inputs that may be used to measure fair value:
Level 1 Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.
Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
Discount and Premium on Notes—The Company amortizes the discounts and premiums on its notes using the effective interest method over the term of the obligation. Such amortization is reflected in interest expense in the accompanying consolidated statements of operations.
Accounts Payable and Accrued Expenses—Accounts payable and accrued expenses primarily include amounts payable to vendors in the ordinary course and amounts payable to sellers in conjunction with acquisitions.
Asset Retirement Obligations—The fair value of asset retirement obligations associated with an entity's obligation to retire tangible long-lived assets is recognized in the period in which it is incurred and can be reasonably estimated. Such asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset and depreciated over the asset's estimated useful life or captured as a component of purchase accounting. Fair value estimates of asset retirement obligations generally involve discounting of estimated future cash flows. Periodic accretion of such liabilities due to the passage of time is recorded as an operating expense. Adjustments are also made to the asset retirement obligation liability to reflect changes in the estimates of timing and amount of expected cash flows, with an offsetting adjustment made to the related tangible long-lived asset.
The Company has certain obligations related to tower assets, which are principally obligations to remediate leased land on which certain of the Company's tower assets are located which require the recognition of an asset retirement obligation. The significant assumptions used in estimating the Company's aggregate asset retirement obligation are: timing of tower removals; cost of tower removals; timing and number of land lease renewals; expected inflation rates; and credit-adjusted risk-free interest rates that approximate the Company's incremental borrowing rate.
Income Taxes—The consolidated financial statements reflect provisions for federal, state, local and foreign income taxes. The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, as well as operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carryforwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities as a result of a change in tax rates is recognized in income in the period that includes the enactment date. At December 31, 2011, the Company reversed its deferred tax assets and liabilities related to its REIT activities as a result of a reduction of the expected tax rate. As a REIT, the Company will not pay federal income tax with respect to its QRSs because a dividends paid deduction will be available to offset its taxable income. Additionally, the Company will be permitted to use net operating losses (“NOLs”) to offset its REIT taxable income. The Company does not expect to pay federal income taxes on its REIT taxable income.
The Company provides valuation allowances if, based on the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized within a reasonable period of time. The Company also periodically reviews its valuation allowances on deferred tax assets to reduce these amounts to the amount that management believes is more likely than not to be realized.
The Company classifies uncertain tax positions as non-current income tax liabilities unless expected to be paid within one year. The Company reports penalties and tax-related interest expense as a component of the provision for income taxes and interest income from tax refunds as a component of other income in the consolidated statement of operations.
Other Comprehensive (Loss) Income—Other comprehensive (loss) income refers to revenues, expenses, gains and losses that are included in other comprehensive (loss) income, but excluded from net income, as these amounts are recorded directly as an adjustment to equity, net of tax. The Company's other comprehensive (loss) income is comprised of changes in fair value of derivative cash flow hedges, unrealized losses in available-for-sale securities, foreign currency translation adjustments and reclassification of unrealized losses on derivative cash flow hedges and available-for-sale securities as summarized in the accompanying consolidated statement of other comprehensive (loss) income.
Treasury Stock—The Company records treasury stock purchases using the cost method, whereby the purchase price, including legal costs and commissions, is recorded in a contra equity account (treasury stock). The equity accounts from which the shares were originally issued are not adjusted for any treasury stock purchases unless and until such time as the shares are formally retired. As part of the REIT Conversion, all treasury stock outstanding at the time was retired.
Distributions— A REIT must annually distribute to its stockholders an amount equal to at least 90% of its REIT taxable income (determined before the deduction for distributed earnings and excluding any net capital gain). During the year ended December 31, 2010, a pre-REIT year, there were no cash distributions declared. During the year ended December 31, 2011, the Company paid a one-time special cash distribution to its stockholders of approximately $137.8 million, or $0.35 per share, of earnings and profits accumulated during the years it was taxed as a C corporation, in anticipation of commencing to operate as a REIT effective January 1, 2012. During the year ended December 31, 2012, the Company declared and paid distributions of its REIT taxable income of $355.6 million, or $0.90 per share. The amount, timing and frequency of future distributions will be at the sole discretion of the Board of Directors and will be declared based upon various factors, a number of which may be beyond the Company's control, including the financial condition and operating cash flows, the amount required to maintain REIT status and reduce any income and excise taxes that the Company otherwise would be required to pay, limitations on distributions in our existing and future debt instruments, the Company's ability to utilize NOLs to offset, in whole or in part, the Company's distribution requirements, limitations on its ability to fund distributions using cash generated through its TRSs and other factors that the Board of Directors may deem relevant.
Acquisitions—For transactions that meet the definition of a business combination, the Company allocates the purchase price, including any contingent consideration, to the assets acquired and the liabilities assumed at their estimated fair values as of the date of the acquisition with any excess of the purchase price paid over the estimated fair value of net assets acquired recorded as goodwill. For transactions that do not meet the definition of a business combination, the Company first allocates the purchase price to property and equipment for the fair value of the towers and to identifiable intangible assets (primarily acquired customer-related and network location intangibles). The fair value of the assets acquired and liabilities assumed is typically determined by using either estimates of replacement costs or discounted cash flow valuation methods. When determining the fair value of tangible assets acquired, the Company must estimate the cost to replace the asset with a new asset, adjusted for an estimated reduction in fair value due to depreciation, and the economic useful life. When determining the fair value of intangible assets acquired, the Company must estimate the applicable discount rate and the timing and amount of future customer cash flows. The determination of the final purchase price and the acquisition-date fair value of identifiable assets acquired and liabilities assumed may extend over more than one period and result in adjustments to the preliminary estimate recognized in the prior period financial statements.
Revenue Recognition—Rental and management revenues are recognized on a monthly basis under lease or management agreements when earned and when collectability is reasonably assured. Fixed escalation clauses present in non-cancellable lease agreements, excluding those tied to the Consumer Price Index (“CPI”) or other inflation-based indices, and other incentives present in lease agreements with the Company's tenants are recognized on a straight-line basis over the fixed, non-cancellable terms of the applicable leases and included in the deferred rent asset on the accompanying consolidated balance sheet. Total rental and management straight-line revenues for the years ended December 31, 2012, 2011 and 2010 approximated $165.8 million, $144.0 million and $105.2 million, respectively. Amounts billed up-front for certain services provided in connection with the execution of lease agreements are initially deferred and recognized as revenue over the initial terms of the applicable leases. Amounts billed or received prior to being earned are deferred and reflected in unearned revenue in the accompanying consolidated balance sheets until the criteria for recognition has been met.
Network development services revenues are derived under contracts or arrangements with tenants that provide for billings on a fixed price basis. Revenues are recognized as services are performed, excluding certain fees for services provided in connection with the execution of lease agreements which are initially deferred and recognized as revenue over the initial terms of the applicable leases. Amounts billed or received prior to being earned are deferred and reflected in unearned revenue in the accompanying consolidated balance sheets until the criteria for recognition has been met.
Rent Expense—Many of the leases underlying the Company's tower sites have fixed rent escalations, which provide for periodic increases in the amount of ground rent payable by the Company over time. The Company calculates straight-line ground rent expense for these leases based on the fixed non-cancellable term of the underlying ground lease plus all periods, if any, for which failure to renew the lease imposes an economic penalty to the Company such that renewal appears to be reasonably assured. Certain of the Company's tenant leases require the Company to exercise available renewal options pursuant to the underlying ground lease, if the tenant exercises its renewal option. For towers with these types of tenant leases at the inception of the ground lease, the Company calculates its straight-line ground rent over the term of the ground lease, including all renewal options required to fulfill the tenant lease obligation.
Total rental and management straight-line ground rent expense approximated $33.7 million, $31.0 million and $22.3 million, for the years ended December 31, 2012, 2011 and 2010, respectively. In addition to the straight-line ground rent expense recorded by the Company, the Company also records its straight-line rent liability in other non-current liabilities and records prepaid ground rent in prepaid and other current assets and notes receivable and other non-current assets in the accompanying consolidated balance sheets.
Selling, General, Administrative and Development Expense—Selling, general and administrative expense consists of overhead expenses related to the Company's rental and management and services operations and corporate overhead costs not specifically allocable to any of the Company's individual business operations. Development expense consists of costs related to the Company's acquisition efforts, costs associated with new business initiatives and abandoned site and acquisition costs.
Stock-Based Compensation—Stock-based compensation cost is measured at the accounting measurement date based on the fair value of the award and this fair value is then recognized as an expense over the service period, which generally represents the vesting period. The expense recognized over the service period is required to include an estimate of awards that will not fully vest and be forfeited. The Company calculates the fair value of stock options using the Black-Scholes option-pricing model and the fair value of restricted stock units based on the fair value of the units at the grant date. The Company's stock-based compensation expense is recognized in either selling, general, administrative and development expense, costs of operations or capitalized as part of the Company's cost to construct tower assets.
Litigation Costs—The Company periodically becomes involved in various claims and lawsuits that are incidental to its business. The Company regularly monitors the status of pending legal actions to evaluate both the magnitude and likelihood of any potential loss. The Company accrues for these potential losses when it is probable that a liability has been incurred and the amount of loss, or possible range of loss, can be reasonably estimated. Should the ultimate losses on contingencies or litigation vary from estimates, adjustments to those liabilities may be required. The Company also incurs legal costs in connection with these matters and records estimates of these expenses, which are reflected in selling, general, administrative and development expense in the accompanying consolidated statements of operations.
Other Operating Expenses—Other operating expenses includes the costs incurred by the Company in conjunction with acquisitions and mergers (including changes in estimated fair value of contingent consideration), impairments on long-lived assets and gains and losses recognized upon the disposal of long-lived assets and other discrete items of a non-recurring nature.
The Company expenses acquisition and merger related costs in the period in which they are incurred and services are received. Acquisition and merger related costs may include finder's fees, advisory, legal, accounting, valuation and other professional or consulting fees and general administrative costs. During the years ended December 31, 2012, 2011 and 2010, the Company recognized acquisition and merger related expenses of $25.6 million, $28.1 million and $17.0 million, respectively.
The Company reviews long-lived assets, including intangible assets subject to amortization, for impairment whenever events, changes in circumstances or other evidence indicate that the carrying amount of the Company's assets may not be recoverable.
The Company reviews its tower portfolio and network location intangible assets for indications of impairment on an individual tower basis. Impairments primarily result from a tower not having current tenant leases or from having expenses in excess of revenues. The Company monitors its customer related intangible assets on a customer by customer basis for indications of impairment, such as high levels of turnover or attrition, non-renewal of a significant number of contracts, or the cancellation or termination of a relationship. The Company assesses recoverability by determining whether the carrying value of the related assets will be recovered, either through projected undiscounted future cash flows or anticipated proceeds from sales of the assets. If the Company determines that the carrying value of an asset may not be recoverable, the Company will measure any impairment loss based on the projected future discounted cash flows to be provided from the asset or available market information relative to the asset's fair market value, as compared to the asset's carrying value. The Company records any related impairment charge in the period in which the Company identifies such impairment.
Loss on Retirement of Long-Term Obligations—Loss on retirement of long-term obligations primarily includes cash paid to retire debt in excess of its carrying value, cash paid to holders of convertible notes in connection with note conversions and non-cash charges related to the write-off of deferred financing fees. Loss on retirement of long-term obligations also includes gains from repurchasing or refinancing certain of the Company's debt obligations.
Earnings Per Common Share—Basic and Diluted—Basic income from continuing operations per common share for the years ended December 31, 2012, 2011 and 2010 represents income from continuing operations attributable to American Tower Corporation divided by the weighted average number of common shares outstanding during the period. Diluted income from continuing operations per common share for the years ended December 31, 2012, 2011 and 2010 represents income from continuing operations attributable to American Tower Corporation divided by the weighted average number of common shares outstanding during the period and any dilutive common share equivalents, including unvested restricted stock, shares issuable upon exercise of stock options and warrants as determined under the treasury stock method and upon conversion of the Company's convertible notes, as determined under the if-converted method.
Retirement Plan—The Company has a 401(k) plan covering substantially all employees who meet certain age and employment requirements. The Company's matching contribution for the years ended December 31, 2012, 2011 and 2010 is 50% up to a maximum 6% of a participant's contributions. For the years ended December 31, 2012, 2011 and 2010, the Company contributed approximately $4.4 million, $2.9 million and $1.9 million to the plan, respectively.
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The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Prepaid and Other Current Assets
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Prepaid and Other Current Assets | 2. PREPAID AND OTHER CURRENT ASSETS
Prepaid and other current assets consist of the following as of December 31, (in thousands):
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Prepaid and Other Current Assets No definition available.
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Property and Equipment
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Property and Equipment | 3. PROPERTY AND EQUIPMENT
Property and equipment (including assets held under capital leases) consist of the following:
Depreciation expense for the years ended December 31, 2012, 2011 and 2010 was $411.9 million, $353.4 million and $286.0 million, respectively. Property and equipment, net includes approximately $868.3 million and $790.5 million of capital leases, which are primarily classified as either towers or land and improvements as of December 31, 2012 and 2011, respectively. |
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The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Other Intangible Assets
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Goodwill and Other Intangible Assets | 4. GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying value of goodwill for the Company's business segments are as follows (in thousands):
The Company's other intangible assets subject to amortization consist of the following:
The acquired network location intangible represents the value to the Company of the incremental revenue growth which could potentially be obtained from leasing the excess capacity on acquired communications sites. The acquired customer-related intangibles typically represent the value to the Company of customer contracts and relationships in place at the time of an acquisition, including assumptions regarding estimated renewals. The acquired licenses and other intangibles consist primarily of non-competition agreements acquired from SpectraSite, Inc., and in other tower acquisitions.
The Company amortizes these intangibles on a straight-line basis over the estimated useful lives. As of December 31, 2012, the remaining weighted average amortization period of the Company's intangible assets, excluding the TV Azteca Economic Rights, is approximately 13 years. Amortization of intangible assets for the years ended December 31, 2012, 2011 and 2010 aggregated approximately $207.3 million, $176.4 million and $156.1 million (excluding amortization of deferred financing costs, which is included in interest expense), respectively. The Company expects to record amortization expense (excluding amortization of deferred financing costs) as follows over the next five years (in thousands):
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The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Notes Receivable and Other Non-current Assets
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Notes Receivable and Other Non-Current Assets | 5. NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS
Notes receivable and other non-current assets consist of the following as of December 31, (in thousands):
TV Azteca Note Receivable—In 2000, the Company loaned TV Azteca, S.A. de C.V. (“TV Azteca”), the owner of a major national television network in Mexico, $119.8 million. The loan has an interest rate of 13.11%, payable quarterly which at the time of issuance was determined to be below market and therefore a corresponding discount was recorded. As of December 31, 2012 and 2011, approximately $119.8 million undiscounted (approximately $108.2 million discounted) under the loan was outstanding and included in notes receivable and other non-current assets in the accompanying consolidated balance sheets. The term of the loan is seventy years; however, the loan may be prepaid by TV Azteca without penalty during the last fifty years of the agreement. The discount on the loan is being amortized to interest income, TV Azteca, net of interest expense, using the effective interest method over the seventy-year term of the loan.
Simultaneous with the signing of the loan agreement, the Company also entered into a seventy year Economic Rights Agreement with TV Azteca regarding space not used by TV Azteca on approximately 190 of its broadcast towers. In exchange for the issuance of the below market interest rate loan and the annual payment of $1.5 million to TV Azteca (under the Economic Rights Agreement), the Company has the right to market and lease the unused tower space on the broadcast towers (the “Economic Rights”). TV Azteca retains title to these towers and is responsible for their operation and maintenance. The Company is entitled to 100% of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants.
The term of the Economic Rights Agreement is seventy years; however, TV Azteca has the right to purchase, at fair market value, the Economic Rights from the Company at any time during the last fifty years of the agreement. Should TV Azteca elect to purchase the Economic Rights (in whole or in part), it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election. The Company's obligation to pay TV Azteca $1.5 million annually would also be reduced proportionally.
The Company has accounted for the annual payment of $1.5 million as a capital lease (initially recording an asset and a corresponding liability of approximately $18.6 million). The capital lease asset and the original discount on the note, which aggregated approximately $30.2 million, represent the cost to acquire the Economic Rights, which is recorded as an intangible asset and is being amortized over the seventy-year life of the Economic Rights agreement.
Iusacell Note Receivable—Effective April 1, 2010, the Company renegotiated its agreement with Iusacell. The renegotiated agreement includes, among other changes, the conversion of its accounts receivable, net, outstanding at that time, to a long-term note receivable to be repaid over five years. In December 2011, the Company and Iusacell agreed to amend the repayment terms such that all amounts outstanding will be repaid by April 2014. The loan has an interest rate of 12.0%, but may be reduced, subject to certain capitalization and repayment conditions. As of December 31, 2012, approximately $3.1 million, net, under the loan was outstanding and included in notes receivable and other non-current assets and $12.5 million was outstanding and included in prepaid and other current assets in the accompanying consolidated balance sheets.
Long-Term Prepaid Assets—Long-term prepaid assets consist primarily of long-term prepaid ground rent. |
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Acquisitions and Other Transactions | 6. ACQUISITIONS AND OTHER TRANSACTIONS
All of the acquisitions described below are being accounted for as business combinations and are consistent with the Company's strategy to expand in selected geographic areas.
The estimates of the fair value of the assets acquired and liabilities assumed at the date of the applicable acquisition are subject to adjustment during the measurement period (up to one year from the particular acquisition date). The primary areas of the preliminary purchase price allocations that are not yet finalized relate to the fair value of certain tangible and intangible assets acquired and liabilities assumed, including contingent consideration, and residual goodwill and the related tax impact. The fair values of these net assets acquired are based on management's estimates and assumptions, as well as other information compiled by management, including valuations that utilize customary valuation procedures and techniques. During the measurement period, the Company will adjust assets and/or liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the revised estimated values of those assets and/or liabilities as of that date. The effect of measurement period adjustments to the estimated fair values is reflected as if the adjustments had been completed on the acquisition date. The impact of all changes that do not qualify as measurement period adjustments are included in current period earnings. If the actual results differ from the estimates and judgments used in these fair values, the amounts recorded in the consolidated financial statements could be subject to a possible impairment of the intangible assets and/or goodwill, or require acceleration of the amortization expense of intangible assets in subsequent periods. During the year ended December 31, 2012, the Company made certain purchase accounting measurement period adjustments related to several acquisitions and therefore retrospectively adjusted the fair value of the assets acquired and liabilities assumed in the consolidated balance sheet as of December 31, 2011.
Impact of current year acquisitions—The Company typically acquires communications sites from wireless carriers or other tower operators and subsequently integrates those sites into its existing portfolio of communications sites. The financial results of the Company's acquisitions have been included in the Company's consolidated statements of operations for the year ended December 31, 2012 from the date of acquisition. The date of acquisition, and by extension the point at which the Company begins to recognize the results of an acquisition may be dependent upon, among other things, the receipt of contractual consents, the commencement and extent of leasing arrangements and the timing of the transfer of title or rights to the assets, which may be accomplished in phases. For sites acquired from communication service providers, these sites may never have been operated as a business and were utilized solely by the seller as a component of their network infrastructure. An acquisition, depending on its size and nature, may or may not involve the transfer of business operations or employees.
The Company reviewed the acquisitions completed during the year ended December 31, 2012 and determined that no single acquisition was material in nature. The Company estimates that the impact of the acquisitions in the aggregate on the revenues of the Company's domestic and international rental and management segments for the year ended December 31, 2012 was approximately $3.8 million and $42.9 million, respectively. Additionally, the Company estimates that the impact of the acquisitions in the aggregate on the gross margin of the Company's domestic and international rental and management segments for the year ended December 31, 2012 was approximately $2.8 million and $20.4 million, respectively. The estimated revenue and gross margin amounts also reflect incremental revenues from the addition of new tenants to the acquired sites subsequent to the date of acquisition. Incremental amounts of segment selling, general, administrative and development expense have not been reflected as the amounts attributable to acquisitions are not comparable for the reasons noted above. South Africa Acquisition—On November 4, 2010, the Company entered into a definitive agreement with Cell C (Pty) Limited (“Cell C”) to purchase up to approximately 1,400 existing communications sites, and up to 1,800 additional communications sites that either are under construction or may be constructed, for an aggregate purchase price of up to approximately $430.0 million. On March 8, 2011, July 25, 2011 and December 14, 2011, the Company completed the purchase of 959, 329 and 76 existing communications sites, respectively, through its local South African subsidiary for an aggregate purchase price of $214.5 million (including contingent consideration of $2.6 million and value added tax of $12.3 million), using cash on hand, local financing and funds contributed by South African investors who currently hold an approximate 25% non-controlling interest in the Company's South African subsidiary.
Under the terms of the purchase agreement, legal title to certain of the communications sites acquired on December 14, 2011 will be transferred upon fulfillment of certain conditions by Cell C. Prior to the fulfillment of these conditions, the Company will operate and maintain control of these communications sites, and accordingly, reflect these sites in the allocation of purchase price and the consolidated operating results.
The agreement with Cell C requires the Company to make a one-time payment based on the annualized rent for each collocation installed for a specific wireless carrier on the acquired communications sites occurring within a four-year period after the initial closing date. Based on current estimates, the Company estimates the value of the remaining potential contingent consideration payments required to be made under the agreement to be between zero and $2.0 million and is estimated to be $1.9 million using a probability-weighted average of the expected outcomes at December 31, 2012. The Company has previously made payments under this arrangement of $8.7 million. During the year ended December 31, 2012, the Company recorded an increase in fair value of $3.9 million as other operating expenses in the consolidated statements of operations.
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Pursuant to the agreement with Cell C entered into on November 4, 2010, the Company completed the purchase of an additional 197 and 39 communications sites on July 31, 2012 and August 31, 2012, respectively, for an aggregate purchase price of $35.0 million (including value added tax of $4.3 million). Under the terms of the agreement, legal title to certain of the communications sites acquired will be transferred upon fulfillment of certain conditions by Cell C. Prior to the fulfillment of these conditions, the Company will operate and maintain control of these communications sites, and accordingly, reflect these sites in the allocation of purchase price and the consolidated operating results. The following table summarizes the preliminary allocation of the aggregate purchase price consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Brazil Acquisition—On March 1, 2011, the Company acquired 100% of the outstanding shares of a company that owned 627 communications sites in Brazil for $553.2 million, which was subsequently increased to $585.4 million as a result of acquiring 39 additional communications sites during the year ended December 31, 2011. During the year ended December 31, 2012, the purchase price was reduced to $585.3 million after certain post-closing purchase price adjustments.
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Brazil – Vivo Acquisition—On March 30, 2012, the Company entered into a definitive agreement to purchase up to 1,500 towers from Vivo S.A. (“Vivo”). Pursuant to the agreement, on March 30, 2012, the Company purchased 800 communications sites for an aggregate purchase price of $151.7 million. On June 30, 2012, the Company purchased the remaining 700 communications sites for an aggregate purchase price of $126.3 million, subject to post-closing adjustments. In addition, the Company and Vivo amended the asset purchase agreement to allow for the acquisition of up to an additional 300 communications sites by the Company, subject to regulatory approval. On August 31, 2012, the Company purchased an additional 192 communications sites from Vivo for an aggregate purchase price of $32.7 million, subject to post-closing adjustments. The following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Ghana Acquisition—On December 6, 2010, the Company entered into a definitive agreement with MTN Group Limited (“MTN Group”) to establish a joint venture in Ghana. The joint venture is controlled by a holding company of which a wholly owned subsidiary of the Company (the “ATC Ghana Subsidiary”) holds a 51% interest and Mobile Telephone Networks (Netherlands) B.V., a wholly owned subsidiary of MTN Group (the “MTN Ghana Subsidiary”) holds a 49% interest. The joint venture is managed and controlled by the Company and owns a tower operations company in Ghana.
Pursuant to the agreement, on May 6, 2011, August 11, 2011 and December 23, 2011, the joint venture acquired 400, 770 and 686 communications sites, respectively, from MTN Group's operating subsidiary in Ghana for an aggregate purchase price of $515.6 million (including contingent consideration of $2.3 million and value added tax of $65.6 million). The aggregate purchase price was subsequently increased to $517.7 million (including contingent consideration of $2.3 million and value added tax of $65.6 million) after certain post-closing adjustments.
Under the terms of the purchase agreement, legal title to certain of the communications sites acquired on December 23, 2011 will be transferred upon fulfillment of certain conditions by MTN Group. Prior to the fulfillment of these conditions, the Company will operate and maintain control of these communications sites, and accordingly, reflect these sites in the allocation of purchase price and the consolidated operating results.
In December 2011, the Company signed an amendment to its agreement with MTN Group, which requires the Company to make additional payments upon the conversion of certain barter agreements with other wireless carriers to cash-paying master lease agreements. The Company currently estimates the fair value of remaining potential contingent consideration payments required to be made under the amended agreement to be between zero and $1.0 million and is estimated to be $0.9 million using a probability weighted average of the expected outcomes at December 31, 2012. The Company has previously made payments under this arrangement of $2.6 million. During the year ended December 31, 2012, the Company recorded an increase in fair value of $0.4 million as other operating expenses in the consolidated statements of operations.
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Mexico Acquisition—On November 3, 2011, the Company entered into a definitive agreement to purchase up to approximately 730 communications sites from Telefónica's Mexican subsidiary, Pegaso PCS, S.A. de C.V. (“Telefónica Mexico”). On December 15, 2011, the Company completed the purchase of 584 communications sites, for an aggregate purchase price of $121.9 million (including value added tax of $16.7 million). On December 7, 2011, the Company entered into a definitive agreement to purchase up to approximately 1,778 additional communications sites from Telefónica Mexico. On December 28, 2011, April 3, 2012, June 29, 2012 and July 10, 2012, the Company completed the purchase of 1,422, 55, 74 and 3 communications sites, respectively, for an aggregate purchase price of $323.3 million (including value added tax of $44.7 million).
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
On September 12, 2012, the Company entered into a definitive agreement to purchase up to approximately 348 additional communications sites from Telefónica Mexico. On September 27, 2012 and December 14, 2012, the Company completed the purchase of 279 and 2 communications sites, for an aggregate purchase price of $63.5 million (including value added tax of $8.8 million).
The following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
On November 16, 2012, the Company entered into an agreement to purchase up to 198 additional communications sites from Telefónica Mexico. On December 14, 2012, the Company completed the purchase of 188 communications sites, for an aggregate purchase price of $64.2 million (including value added tax of $8.9 million).
The following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Colombia – Telefónica Moviles Acquisition—During the year ended December 31, 2011, the Company acquired 125 communications sites from Telefónica Moviles Colombia S.A. (“Telefónica Colombia”) for an aggregate purchase price of $17.5 million.
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
During the year ended December 31, 2012, the Company acquired an additional 31 communications sites from Telefónica Colombia for an aggregate purchase price of $4.7 million.
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Colombia – Colombia Movil Acquisition—On July 17, 2011, the Company entered into a definitive agreement with Colombia Movil S.A. E.S.P. (“Colombia Movil”), whereby ATC Sitios Infraco, S.A.S., a Colombian subsidiary of the Company (“ATC Infraco”), would purchase up to 2,126 communications sites from Colombia Movil for an aggregate purchase price of approximately $182.0 million.
From December 21, 2011 through the year ended December 31, 2012, ATC Infraco completed the purchase of 1,526 communications sites for an aggregate purchase price of $136.2 million (including contingent consideration of $17.3 million), subject to post-closing adjustments. Through a subsidiary, Millicom International Cellular S.A. (“Millicom”) exercised its option to acquire an indirect, substantial non-controlling interest in ATC Infraco.
Under the terms of the agreement, the Company is required to make additional payments upon the conversion of certain barter agreements with other wireless carriers to cash paying lease agreements. Based on the Company's current estimates, the value of potential contingent consideration payments required to be made under the amended agreement is expected to be between zero and $32.8 million and is estimated to be $17.3 million using a probability weighted average of the expected outcomes at December 31, 2012. During the year ended December 31, 2012, the Company recorded a reduction in fair value of $1.2 million, which is included in other operating expenses in the consolidated statements of operations.
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
On December 11, 2012, the Company returned 15 communications sites to Colombia Movil pursuant to the terms of the agreement. On February 1, 2013, the Company purchased an additional 13 communications sites for an aggregate purchase price of $1.3 million (including contingent consideration of $0.2 million). Chile – Telefónica Moviles Acquisition—On December 30, 2011, the Company purchased 100% of the outstanding shares of a subsidiary of Telefónica Moviles Chile S.A. that owned 558 communications sites, for an aggregate purchase price of $94.9 million. The purchase price is subject to additional post-closing adjustments, following completion of the Company's post-closing due diligence of the communications sites acquired.
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase price consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Uganda Acquisition—On December 8, 2011, the Company entered into a definitive agreement with MTN Group to establish a joint venture in Uganda. The joint venture is controlled by a holding company of which a wholly owned subsidiary of the Company (the “ATC Uganda Subsidiary”) holds a 51% interest and a wholly owned subsidiary of MTN Group (the “MTN Uganda Subsidiary”) holds a 49% interest. The joint venture is managed and controlled by the Company and owns a tower operations company in Uganda.
Pursuant to the agreement, the joint venture agreed to purchase a total of up to 1,000 existing communications sites from MTN Group's operating subsidiary in Uganda, subject to customary closing conditions. On June 29, 2012, the joint venture acquired 962 communications sites for an aggregate purchase price of $171.5 million, subject to post-closing adjustments. The aggregate purchase price was subsequently increased to $173.2 million, subject to future post-closing adjustments.
Under the terms of the purchase agreement, legal title to certain of these communications sites will be transferred upon fulfillment of certain conditions by MTN Group. Prior to the fulfillment of these conditions, the Company will operate and maintain control of these communications sites, and accordingly, reflect these sites in the allocation of purchase price and the consolidated operating results. The following table summarizes the preliminary allocation of the aggregate purchase price consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Germany Acquisition—On November 14, 2012, the Company entered into a definitive agreement to purchase communications sites from E-Plus Mobilfunk GmbH & Co. KG. On December 4, 2012, the Company completed the purchase of 2,031 communications sites, for an aggregate purchase price of $525.7 million.
The following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Skyway Acquisition—On December 20, 2012, the Company acquired an entity holding a portfolio of 318 communications sites from Skyway Towers Holdings, LLC for an aggregate purchase price of $169.6 million, including cash paid of approximately $169.5 million and net liabilities assumed of approximately $0.1 million.
The following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Diamond Acquisition—On December 28, 2012, the Company acquired Diamond Communications Trust and its subsidiary New Towers LLC, which hold a portfolio of 316 communications sites and 24 property interests under third-party communications sites, for an aggregate purchase price of $322.5 million, including cash paid of $320.1 million and net liabilities assumed of $2.4 million.
The following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
Other U.S. Acquisitions—During the year ended December 31, 2012, the Company acquired a total of 128 additional communications sites and equipment in the United States for an aggregate purchase price of $146.2 million, of which $144.8 million was paid during 2012. The remaining $1.4 million is reflected in accounts payable in the consolidated balance sheet as of December 31, 2012.
The following table summarizes the preliminary allocation of the aggregate purchase consideration paid for acquisitions that closed during the year ended December 31, 2012 and the amounts of assets acquired and liabilities assumed based on the estimated fair value at the date of acquisition (in thousands):
During the year ended December 31, 2012, the Company purchased the remaining 67.5% interest in one of its equity method investments for $0.8 million. As a result of the acquisition, the Company also re-measured its original investment and recorded a gain of $0.2 million, which is included in other operating expenses in the consolidated statements of operations.
The following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon the estimated fair value at the acquisition date for acquisitions which closed during the year ended December 31, 2011 (in thousands):
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase price consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands):
U.S. Property Interests-Other—On October 21, 2011, the Company acquired property interests under approximately 240 communications sites in the United States for an aggregate purchase price of $72.6 million. The property interests acquired are located underneath existing communication sites owned or subleased by the Company. The deferred rent liability associated with the underlying ground leases was approximately $4.3 million on the date of acquisition. As a result of the Company's acquisition of these property interests, the preexisting land leases were considered to be effectively settled. The terms of these land leases were determined to represent fair value at the acquisition date. As such, the Company did not record any gain or loss separately from the acquisition and the $4.3 million unamortized deferred rent liability was included as part of the fair value of consideration transferred.
The fair value of the consideration transferred consists of the following (in thousands):
The property interests acquired included perpetual easements, prepaid operating ground leases and term easements for land located under the Company's communication sites and sites owned by communications service providers and third-party tower operators.
The allocation of the purchase price was finalized during the year ended December 31, 2012. The following table summarizes the allocation of the aggregate purchase price consideration paid and the amounts of assets acquired based upon their estimated fair value at the date of acquisition (in thousands):
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Long-Term Obligations | 8. LONG-TERM OBLIGATIONS Outstanding amounts under the Company's long-term financing arrangements consist of the following as of December 31, (in thousands):
Commercial Mortgage Pass-Through Certificates, Series 2007-1—During the year ended December 31, 2007, the Company completed a securitization transaction (the “Securitization”) involving assets related to 5,295 broadcast and wireless communications towers (the “Secured Towers”) owned by two special purpose subsidiaries of the Company, through a private offering of $1.75 billion of Commercial Mortgage Pass-Through Certificates, Series 2007-1 (the “Certificates”). As of December 31, 2012, 5,278 Secured Towers are owned by the two special purpose subsidiaries.
The Certificates were issued by American Tower Trust I (the “Trust”), a trust established by American Tower Depositor Sub, LLC (the “Depositor”), an indirect wholly owned special purpose subsidiary of the Company. The assets of the Trust consist of a recourse loan (the “Loan”) initially made by the Depositor to American Tower Asset Sub, LLC and American Tower Asset Sub II, LLC (the “Borrowers”), pursuant to a Loan and Security Agreement among the foregoing parties dated as of May 4, 2007 (the “Loan Agreement”). The Borrowers are special purpose entities formed solely for the purpose of holding the Secured Towers subject to the Securitization.
The Certificates were issued in seven separate classes, comprised of Class A-FX, Class A-FL, Class B, Class C, Class D, Class E and Class F. Each of the Certificates in Classes B, C, D, E and F are subordinated in right of payment to any other class of Certificates which has an earlier alphabetical designation. The Certificates were issued with terms identical to the Loan except for the Class A-FL Certificates, which bear interest at a floating rate while the related component of the Loan bears interest at a fixed rate, as described below. The various classes of Certificates were issued with a weighted average interest rate of approximately 5.61%. The Certificates have an expected life of approximately seven years with a final repayment date in April 2037.
The Loan will be paid by the Borrowers solely from the cash flows generated by the Secured Towers. These funds in turn will be used by or on behalf of the Trust to service the payment of interest on the Certificates and for any other payments required by the Loan Agreement. The Borrowers are required to make monthly payments of interest on the Loan. Subject to certain limited exceptions described below, no payments of principal will be required to be made prior to the anticipated repayment date for the Loan in April 2014. On a monthly basis, after payment of all required amounts under the Loan Agreement, the excess cash flows generated from the operation of the Secured Towers are released to the Borrowers, which can then be distributed to, and used by, the Company. However, if the debt service coverage ratio (the “DSCR”), generally defined as the net cash flow divided by the amount of interest, servicing fees and trustee fees that the Borrowers will be required to pay over the succeeding 12 months on the Loan, is 1.75x or less for such quarter, and such DSCR continues to exist for two consecutive calendar quarters (the “Cash Trap DSCR”), then all cash flow in excess of amounts required to make debt service payments, to fund required reserves, to pay management fees and budgeted operating expenses and to make other payments required under the loan documents, referred to as excess cash flow, will be deposited into a reserve account instead of being released to the Borrowers. The funds in the reserve account will not be released to the Borrowers unless the DSCR exceeds the Cash Trap DSCR for two consecutive calendar quarters. An “amortization period” commences if (i) as of the end of any calendar quarter the DSCR falls below 1.45x (the “Minimum DSCR”) for such calendar quarter and such DSCR continues to exist until the end of any two consecutive calendar quarters the DSCR exceeds the Minimum DSCR for such two consecutive calendar quarters or (ii) on the anticipated repayment date the Loan has not been repaid in full.
The Borrowers may prepay the Loan in whole or in part at any time provided it is accompanied by applicable prepayment consideration. If the prepayment occurs within nine months of the anticipated repayment date, no prepayment consideration is due. The entire unpaid principal balance of the Loan components will be due in April 2037. The Loan may be defeased in whole or in part at any time.
The Loan is secured by (1) mortgages, deeds of trust and deeds to secure debt on substantially all of the Secured Towers and their operating cash flows, (2) a security interest in substantially all of the Borrowers' personal property and fixtures and (3) the Borrowers' rights under the Management Agreement entered into in connection with the Securitization. American Tower Holding Sub, LLC, whose only material assets are its equity interests in each of the Borrowers, and American Tower Guarantor Sub, LLC, whose only material asset is its equity interest in American Tower Holding Sub, LLC, each have guaranteed repayment of the Loan and pledged their equity interests in their respective subsidiary or subsidiaries as security for such payment obligations. American Tower Guarantor Sub, LLC, American Tower Holding Sub, LLC, the Depositor and the Borrowers each were formed as special purpose entities solely for purposes of the Securitization, and the assets and credit of these entities are not available to satisfy the debts and other obligations of the Company or any other person, except as set forth in the Loan Agreement. The Loan Agreement includes operating covenants and other restrictions customary for loans subject to rated securitizations. Among other things, the Borrowers are prohibited from incurring other indebtedness for borrowed money or further encumbering their assets. The organizational documents of the Borrowers contain provisions consistent with rating agency securitization criteria for special purpose entities, including the requirement that the Borrowers maintain at least two independent directors. The Loan Agreement also contains certain covenants that require the Borrowers to provide the Trustee with regular financial reports and operating budgets, promptly notify the Trustee of events of default and material breaches under the Loan Agreement and other agreements related to the Secured Towers, and allow the Trustee reasonable access to the Secured Towers, including the right to conduct site investigations.
A failure to comply with the covenants in the Loan Agreement could prevent the Borrowers from taking certain actions with respect to the Secured Towers, and could prevent the Borrowers from distributing any excess cash from the operation of the Secured Towers to the Company. If the Borrowers were to default on the Loan, the Bank of New York (the “Servicer”) could seek to foreclose upon or otherwise convert the ownership of the Secured Towers, in which case the Company could lose the Secured Towers and the revenue associated with the Secured Towers.
Under the Loan Agreement, the Borrowers are required to maintain reserve accounts, including for debt service payments, ground rents, real estate and personal property taxes, insurance premiums and management fees, and to reserve a portion of advance rents from tenants on the Secured Towers. Based on the terms of the Loan Agreement, all rental cash receipts received for each month are restricted for the succeeding month and held by the Trustee and then released. The $61.9 million held in the reserve accounts as of December 31, 2012 is classified as restricted cash on the Company's accompanying consolidated balance sheet.
Revolving Credit Facility—On January 31, 2012, the Company repaid and terminated the Revolving Credit Facility with proceeds from borrowings under the 2011 Credit Facility and the 2012 Credit Facility.
The Revolving Credit Facility had a term of five years and a maturity date of June 8, 2012. Any outstanding principal and accrued but unpaid interest was due and payable in full at maturity. The Revolving Credit Facility was paid prior to maturity at the Company's option without penalty or premium.
The Company had the option of choosing either a defined base rate or the London Interbank Offered Rate (“LIBOR”) as the applicable base rate for borrowings under the Revolving Credit Facility. The interest rate ranged between 0.40% to 1.25% above LIBOR for LIBOR based borrowings or between 0.00% to 0.25% above the defined base rate for base rate borrowings, in each case based upon the Company's debt ratings. A quarterly commitment fee on the undrawn portion of the Revolving Credit Facility was required, ranging from 0.08% to 0.25% per annum, based upon the Company's debt ratings.
The loan agreement for the Revolving Credit Facility contained certain reporting, information, financial ratios and operating covenants and other restrictions applicable to the Company and its subsidiaries, other than those subsidiaries designated thereunder as unrestricted subsidiaries, on a consolidated basis. These included limitations on additional debt, distributions and dividends, guaranties, sales of assets and liens, as well as certain financial maintenance tests. Any failure to comply with the financial maintenance tests and operating covenants of the loan agreement for the Revolving Credit Facility would not only have prevented the Company from being able to borrow additional funds, but would have constituted a default, which could have resulted in, among other things, the amounts outstanding, including all accrued interest and unpaid fees, becoming immediately due and payable.
2008 Term Loan—On January 31, 2012, the Company repaid the 2008 Term Loan with proceeds from the 2011 Credit Facility and the 2012 Credit Facility.
The 2008 Term Loan was governed by the terms of the loan agreement for the Revolving Credit Facility. Consistent with the terms of the Revolving Credit Facility, the borrower under the 2008 Term Loan was American Tower Corporation, and the maturity date for the 2008 Term Loan was June 8, 2012. Any outstanding principal and accrued but unpaid interest would be due and payable in full at maturity. The 2008 Term Loan was paid prior to maturity at the Company's option without penalty or premium. The Company had the option of choosing either a defined base rate or LIBOR rate as the applicable base rate for borrowings under the Term Loan. The interest rate ranged between 0.50% to 1.50% above LIBOR for LIBOR based borrowings or between 0.00% to 0.50% above the defined base rate for base rate borrowings, in each case based upon the Company's debt ratings.
2011 Credit Facility— As of December 31, 2012, the Company had $265.0 million outstanding under the 2011 Credit Facility and had approximately $5.7 million of undrawn letters of credit. On January 8, 2013, the Company repaid the amount outstanding with net proceeds received from the offering of the 3.50% Notes. The Company continues to maintain the ability to draw down and repay amounts under the 2011 Credit Facility in the ordinary course.
The 2011 Credit Facility has a term of five years and matures on April 8, 2016. Any outstanding principal and accrued but unpaid interest will be due and payable in full at maturity. The 2011 Credit Facility may be paid prior to maturity in whole or in part at the Company's option without penalty or premium.
The Company has the option of choosing either a defined base rate or LIBOR as the applicable base rate for borrowings under the 2011 Credit Facility. The interest rate ranges between 1.350% to 2.600% above LIBOR rate for LIBOR based borrowings or between 0.350% to 1.600% above the defined base rate for base rate borrowings, in each case based upon the Company's debt ratings. A quarterly commitment fee on the undrawn portion of the 2011 Credit Facility is required, ranging from 0.250% to 0.550% per annum, based upon the Company's debt ratings. The current margin over LIBOR that the Company would incur on borrowings is 1.850% and the current commitment fee on the undrawn portion of the 2011 Credit Facility is 0.350%.
The loan agreement contains certain reporting, information, financial ratios and operating covenants and other restrictions (including limitations on additional debt, guaranties, sales of assets and liens) with which the Company must comply. Any failure to comply with the financial and operating covenants of the loan agreement would not only prevent the Company from being able to borrow additional funds, but would constitute a default, which could result in, among other things, the amounts outstanding, including all accrued interest and unpaid fees, becoming immediately due and payable.
2012 Credit Facility—On January 31, 2012, the Company entered into the 2012 Credit Facility. The 2012 Credit Facility has a term of five years and matures on January 31, 2017. Any outstanding principal and accrued but unpaid interest will be due and payable in full at maturity. The 2012 Credit Facility may be paid prior to maturity in whole or in part at the Company's option without penalty or premium. The Company has the option of choosing either a defined base rate or LIBOR as the applicable base rate for borrowings under the 2012 Credit Facility. The interest rate ranges between 1.075% to 2.400% above LIBOR for LIBOR based borrowings or between 0.075% to 1.400% above the defined base rate for base rate borrowings, in each case based upon the Company's debt ratings. A quarterly commitment fee on the undrawn portion of the 2012 Credit Facility is required, ranging from 0.125% to 0.450% per annum, based upon the Company's debt ratings. The current margin over LIBOR that the Company would incur on borrowings is 1.625%, and the current commitment fee on the undrawn portion of the 2012 Credit Facility is 0.225%. The loan agreement contains certain reporting, information, financial and operating covenants and other restrictions (including limitations on additional debt, guaranties, sales of assets and liens) with which the Company must comply. Any failure to comply with the financial and operating covenants of the loan agreement would not only prevent the Company from being able to borrow additional funds, but would constitute a default, which could result in, among other things, the amounts outstanding, including all accrued interest and unpaid fees, becoming immediately due and payable. As of December 31, 2012, the Company had $992.0 million outstanding under the 2012 Credit Facility and had approximately $2.7 million of undrawn letters of credit. On January 8, 2013, the Company repaid $719.0 million of the amount outstanding with net proceeds received from the offering of the 3.50% Notes and cash on hand. The Company continues to maintain the ability to draw down and repay amounts under the 2012 Credit Facility in the ordinary course.
2012 Term Loan—On June 29, 2012, the Company entered into a $750.0 million unsecured term loan (“2012 Term Loan”). The Company received net proceeds of approximately $746.4 million, of which $632.0 million were used to repay certain existing indebtedness under the 2012 Credit Facility.
The 2012 Term Loan has a term of five years and matures on June 29, 2017. Any outstanding principal and accrued but unpaid interest will be due and payable in full at maturity. The 2012 Term Loan may be paid prior to maturity in whole or in part at the Company's option without penalty or premium. The Company has the option of choosing either a defined base rate or LIBOR as the applicable base rate. The interest rate ranges between 1.25% to 2.50% above LIBOR for LIBOR based borrowings or between 0.25% to 1.50% above the defined base rate for base rate borrowings, in each case based upon the Company's debt ratings. As of December 31, 2012, the interest rate under the 2012 Term Loan is LIBOR plus 1.75%.
The loan agreement contains certain reporting, information, financial and operating covenants and other restrictions (including limitations on additional debt, guaranties, sales of assets and liens) with which the Company must comply. Any failure to comply with the financial and operating covenants of the loan agreement would constitute a default, which could result in, among other things, the amounts outstanding, including all accrued interest and unpaid fees, becoming immediately due and payable.
As of December 31, 2012, the Company had $750.0 million outstanding under the 2012 Term Loan.
Unison Notes—In connection with the Company's acquisition of a portfolio of property interests that it leases to communications service providers and other third-party tower operators under approximately 1,810 communications sites in the United States from Unison on October 14, 2011, the Company assumed $196.0 million of existing indebtedness with a fair value of $209.3 million under three separate classes of Secured Cellular Site Revenue Notes (the “Unison Notes”) issued by Unison Ground Lease Funding, LLC (the “Unison Issuer”) in a securitization transaction (the “Unison Securitization”). The three classes of Unison Notes bear interest at rates of 5.349%, 6.392% and 9.522%, respectively, with anticipated repayment dates of April 15, 2017, April 15, 2020 and April 15, 2020, respectively, and a final maturity date of April 15, 2040. The Unison Notes are secured by, among other things, liens on approximately 1,470 real property interests owned by two special purpose subsidiaries of the Unison Issuer (together with the Unison Issuer, the “Unison Obligors”) and other related assets. The indenture for the Unison Notes (the “Unison Indenture”) includes certain financial ratios and operating covenants and other restrictions customary for notes subject to rated securitizations. Among other things, the Unison Obligors are restricted from incurring other indebtedness or further encumbering their assets. Under the terms of the Unison Indenture, the Unison Notes will be paid solely from the cash flows generated by the communications sites subject to the Unison Securitization. The Unison Issuer is required to make monthly payments of interest to holders of the Unison Notes. On a monthly basis, cash flows in excess of amounts needed to make debt service payments and other payments required under the Unison Indenture are to be distributed to the Unison Issuer, which may then be distributed to, and used by, the Company. The Unison Issuer may prepay the Unison Notes in whole or in part at any time subsequent to May 6, 2012, provided such payment is accompanied by applicable prepayment consideration. If the prepayment occurs within six months of the anticipated repayment date, no prepayment consideration is due. A failure to comply with the covenants in the Unison Indenture could prevent the Unison Obligors from taking certain actions with respect to the property interests subject to the Unison Securitization and a failure to meet certain financial ratio tests could prevent excess cash flow from being distributed to the Unison Issuer. In addition, if the Unison Issuer were to default on the Unison Notes, the trustee could seek to foreclose upon the property interests subject to the Unison Securitization, in which case the Company could lose ownership of the property interests and the revenue associated with those property interests.
As of December 31, 2012, the Company had $207.2 million outstanding under the Unison Notes, including $11.2 million of unamortized premium recorded as a result of fair value adjustments recognized upon acquisition of property interests from Unison.
Colombian Short-Term Credit Facility— The 141.1 billion Colombian Peso (“COP”) denominated short-term credit facility (the “Colombian Short-Term Credit Facility”) was executed by one of the Company's Colombian subsidiaries (“ATC Sitios”), on July 25, 2011, to refinance the credit facility entered into in connection with the purchase of the exclusive use rights for towers from Telefónica S.A.'s Colombian subsidiary, Colombia Telecomunicaciones S.A. E.S.P. On November 30, 2012, the Colombian Short-Term Credit Facility was repaid in full with proceeds from the Colombian Long-Term Credit Facility, described below.
Colombian Long-Term Credit Facility— On October 19, 2012, ATC Sitios entered into a loan agreement for a COP denominated long-term credit facility (the “Colombian Long-Term Credit Facility”), which it used to refinance the Colombian Short-Term Credit Facility on November 30, 2012.
The Colombian Long-Term Credit Facility generally matures on November 30, 2020, subject to earlier maturity as a result of any mandatory prepayments. Any outstanding principal and accrued but unpaid interest will be due and payable in full at maturity. The Colombian Long-Term Credit Facility may be prepaid in whole or in part, subject to certain limitations and prepayment consideration, at any time.
Under the terms of the Colombian Long-Term Credit Facility, ATC Sitios paid the lenders a one-time structuring fee and upfront fee of 2.9 billion COP (approximately $1.6 million), including value added tax. Principal and interest are payable quarterly in arrears with principal due in accordance with the repayment schedule included in the loan agreement. Interest accrues at a per annum rate equal to 5% above the quarterly advanced Inter-bank Rate (“IBR”) in effect at the beginning of each Interest Period (as defined in the loan agreement). The interest rate in effect at December 31, 2012 was 9.10%.
The Colombian Long-Term Credit Facility is secured by, among other things, liens on towers owned by ATC Sitios. The loan agreement contains certain reporting, information, financial ratios and operating covenants. Failure to comply with certain of the financial and operating covenants would constitute a default, which could result in, among other things, the amounts outstanding, including all accrued interest and unpaid fees, becoming immediately due and payable. The loan agreement also requires that ATC Sitios manage exposure to variability in interest rates on at least fifty percent of the amounts outstanding under the Colombian Long-Term Credit Facility for the first four years of the loan, and seventy-five percent thereafter. Accordingly, ATC Sitios entered into interest rate swap agreements with an aggregate notional value of 101.3 billion COP (approximately $57.3 million) with certain of the lenders under the Colombian Long-Term Credit Facility on December 5, 2012.
As of December 31, 2012, 135.0 billion COP (approximately $76.3 million) were outstanding under the Colombian Long-Term Credit Facility. As of December 31, 2012, the interest rate, after giving effect to the interest rate swap agreements, was 10.36%.
Colombian Bridge Loans—In connection with the acquisition of communications sites from Colombia Movil, another of the Company's Colombian subsidiaries entered into five COP denominated bridge loans. As of December 31, 2012, the aggregate principal amount outstanding under these bridge loans was 94.0 billion COP (approximately $53.2 million). As of December 31, 2012, the bridge loans had an interest rate of 7.99% and mature on June 22, 2013. Colombian Loan—In connection with the establishment of the Company's joint venture with Millicom and the acquisition of certain communications sites in Colombia, ATC Colombia B.V., a 60% owned subsidiary of the Company, entered into a U.S. Dollar-denominated shareholder loan agreement (the “Colombian Loan”), as the borrower, with the Company's wholly owned subsidiary (the “ATC Colombian Subsidiary”), and a wholly owned subsidiary of Millicom (the “Millicom Subsidiary”), as the lenders. The Colombian Loan accrues interest at 8.30% and matures on February 22, 2022. The portion of the Colombian Loan made by the ATC Colombian Subsidiary is eliminated in consolidation, and the portion of the Colombian Loan made by the Millicom Subsidiary is reported as outstanding debt of the Company. As of December 31, 2012, an aggregate of $19.2 million was payable to the Millicom Subsidiary.
South African Facility— The Company's 1.2 billion South African Rand (“ZAR”) denominated credit facility (“South African Facility”) was executed in November 2011 to refinance the bridge loan entered into in connection with the acquisition of communications sites from Cell C by the Company's local South African subsidiaries (“SA Borrower”). On August 8, 2012 and September 14, 2012, the Company borrowed an additional 123.0 million ZAR (approximately $15.1 million) and 24.2 million ZAR (approximately $2.9 million), respectively to increase total borrowings under the South African Facility to 834.3 million ZAR (approximately $98.5 million) as of December 31, 2012.
The South African Facility generally matures on March 31, 2020, subject to earlier maturity resulting from repayment increases tied either to SA Borrower's excess cash flows or permitted distributions to SA Borrower's parent. Principal and interest are payable quarterly in arrears with principal due in accordance with the repayment schedule included in the loan agreement. Outstanding principal and accrued but unpaid interest will be due and payable in full at maturity. The South African Facility generally may not be prepaid in whole or in part during the first twenty-four months from financial close absent prepayment consideration, but may thereafter be prepaid absent such consideration. Borrowings may only be used to repay the Bridge Loan or fund the purchase price for additional communications sites from Cell C.
The South African Facility is secured by, among other things, liens on towers owned by one of the Company's South African subsidiaries. The loan agreement contains certain reporting, information, financial ratios and operating covenants. Failure to comply with certain of the financial and operating covenants would constitute a default, which could result in, among other things, the amounts outstanding, including all accrued interest and unpaid fees, becoming immediately due and payable. The loan agreement requires that SA Borrower manage exposure to variability in interest rates on at least fifty percent of the amounts outstanding under the South African Facility. Accordingly, during the year ended December 31, 2012, SA Borrower entered into nine interest rate swap agreements with an aggregate notional value of 423.6 million ZAR (approximately $50.0 million) with certain of the lenders under the South African Facility to manage its exposure to variability in interest rates. After giving effect to the interest rate swap agreements, the facility accrues interest at a weighted average rate of 9.84%.
Under the terms of the South African Facility, interest is payable quarterly at a rate generally equal to 3.75% per annum, plus the three month Johannesburg Interbank Agreed Rate (“JIBAR”) and a quarterly commitment fee of 0.75% per annum applies to additional available borrowings. The interest rate in effect at December 31, 2012 was 8.88%.
Ghana Loan—In connection with the establishment of the Company's joint venture with MTN Group and acquisitions of communications sites in Ghana, Ghana Tower Interco B.V., a 51% owned subsidiary of the Company, entered into a U.S. Dollar-denominated shareholder loan agreement (“Ghana Loan”), as the borrower, with the ATC Ghana Subsidiary and the MTN Ghana Subsidiary, as the lenders. Pursuant to the terms of the Ghana Loan, loans were made to the joint venture in connection with the acquisition of communications sites from MTN Ghana. The Ghana Loan accrues interest at 9.0% and matures on May 4, 2016. The portion of the loans made by the ATC Ghana Subsidiary is eliminated in consolidation and the portion of the loans made by the MTN Ghana Subsidiary is reported as outstanding debt of the Company. As of December 31, 2012, an aggregate of $131.0 million was payable to the MTN Ghana Subsidiary. Uganda Loan—In connection with the establishment of the Company's joint venture with MTN Group and acquisitions of communications sites in Uganda, Uganda Tower Interco B.V., a 51% owned subsidiary of the Company, entered into a U.S. Dollar-denominated shareholder loan agreement (the “Uganda Loan”), as the borrower, with the ATC Uganda Subsidiary and the MTN Uganda Subsidiary, as the lenders. The Uganda Loan matures on June 29, 2019 and accrues interest at 5.30% above LIBOR, reset annually, which as of December 31, 2012 was 6.368%. The portion of the Uganda Loan made by the ATC Uganda Subsidiary is eliminated in consolidation, and the portion of the Uganda Loan made by the MTN Uganda Subsidiary is reported as outstanding debt of the Company. As of December 31, 2012, an aggregate of $61.0 million was payable to the MTN Uganda Subsidiary.
Outstanding Notes—The following is a description of the Company's outstanding senior notes as of December 31, 2012 and 2011.
4.625% Senior Notes—The 4.625% senior notes due 2015 (“4.625% Notes”) were issued during the year ended December 31, 2009 and mature on April 1, 2015, and interest is payable semi-annually in arrears on April 1 and October 1 of each year. The Company may redeem the 4.625% Notes at any time at a redemption price equal to 100% of the principal amount, plus a make-whole premium, together with accrued interest to the redemption date. The indenture for the 4.625% Notes contains certain covenants that limit the Company's ability to merge, consolidate or sell assets and its (together with its subsidiaries') ability to incur liens. These covenants are subject to a number of exceptions, including that the Company and its subsidiaries may incur certain liens on assets, mortgages or other liens securing indebtedness, if the aggregate amount of such liens shall not exceed 3.5x Adjusted EBITDA, as defined in the indenture. If the Company undergoes a change of control and ratings decline (in the event that on, or within 90 days after, an announcement of a change of control, both of the Company's current investment grade credit ratings cease to be investment grade), each as defined in the indenture for the 4.625% Notes, it may be required to repurchase all of the 4.625% Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest, if any, and additional interest, if any, to but not including the date of repurchase. The 4.625% Notes rank equally with all of the Company's other senior unsecured debt and are structurally subordinated to all existing and future indebtedness and other obligations of the Company's subsidiaries.
As of December 31, 2012 and 2011, the Company had $599.6 million and $599.5 million net, respectively ($600.0 million aggregate principal amount) outstanding under the 4.625% Notes. As of December 31, 2012 and 2011, the carrying value includes a discount of $0.4 million and $0.5 million, respectively.
7.00% Senior Notes—The 7.00% senior notes due 2017 (“7.00% Notes”) were issued during the year ended December 31, 2007 and mature on October 15, 2017, and interest is payable semi-annually in arrears on April 15 and October 15 of each year. The Company may redeem the 7.00% Notes at any time at a redemption price equal to 100% of the principal amount, plus a make-whole premium, together with accrued interest to the redemption date. The indenture for the 7.00% Notes contains certain covenants that restrict the Company's ability to merge, consolidate or sell assets and its (together with its subsidiaries') ability to incur liens. These covenants are subject to a number of exceptions, including that the Company and its subsidiaries may incur liens on assets, mortgages or other liens securing indebtedness, if the aggregate amount of such liens shall not exceed 3.5x Adjusted EBITDA as defined in the indenture. If the Company undergoes a change of control and ratings decline (in the event that on, or within 90 days after, an announcement of a change of control, both of the Company's current investment grade credit ratings cease to be investment grade), each as defined in the indenture for the 7.00% Notes, the Company may be required to repurchase all of the 7.00% Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest, if any, and additional interest, if any, to but not including the date of repurchase. The 7.00% Notes rank equally with all of the Company's other senior unsecured debt and are structurally subordinated to all existing and future indebtedness and other obligations of the Company's subsidiaries.
As of December 31, 2012 and 2011, the Company had $500.0 million outstanding under the 7.00% Notes.
4.50% Senior Notes—The 4.50% senior notes due 2018 (“4.50% Notes”) were issued during the year ended December 31, 2010 and mature on January 15, 2018, and interest is payable semi-annually in arrears on January 15 and July 15 of each year. The Company may redeem the 4.50% Notes at any time at a redemption price equal to 100% of the principal amount, plus a make-whole premium, together with accrued interest to the redemption date. The supplemental indenture contains certain covenants that restrict the Company's ability to merge, consolidate or sell assets and its (together with its subsidiaries') ability to incur liens. These covenants are subject to a number of exceptions, including that the Company and its subsidiaries may incur certain liens on assets, mortgages or other liens securing indebtedness, if the aggregate amount of such liens does not exceed 3.5x Adjusted EBITDA, as defined in the supplemental indenture. If the Company undergoes a change of control and ratings decline (in the event that on or within 90 days after an announcement of a change of control, both of its current investment grade credit ratings cease to be investment grade), each as defined in the supplemental indenture, the Company will be required to offer to repurchase all of the 4.50% Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest (including additional interest, if any) up to but not including the repurchase date. The 4.50% Notes rank equally with all of the Company's other senior unsecured debt and are structurally subordinated to all existing and future indebtedness and other obligations of its subsidiaries.
As of December 31, 2012 and 2011, the Company had $999.4 million and $999.3 million net, respectively ($1.0 billion aggregate principal amount) outstanding under the 4.50% Notes. As of December 31, 2012 and 2011, the carrying value includes a discount of $0.6 million and $0.7 million, respectively.
7.25% Senior Notes—The 7.25% senior notes due 2019 (“7.25% Notes”) were issued during the year ended December 31, 2009 and mature on May 15, 2019, and interest is payable semi-annually in arrears on May 15 and November 15 of each year. The Company may redeem the 7.25% Notes at any time at a redemption price equal to 100% of the principal amount, plus a make-whole premium, together with accrued interest to the redemption date. The indenture for the 7.25% Notes contains certain covenants that may restrict the Company's ability to merge, consolidate or sell assets and its (together with its subsidiaries) ability to incur liens. These covenants are subject to a number of exceptions, including that the Company and its subsidiaries may incur liens on assets, mortgages or other liens securing indebtedness, if the aggregate amount of such liens does not exceed 3.5x Adjusted EBITDA as defined in the indenture. If the Company undergoes a change of control and ratings decline (in the event that on, or within 90 days after, an announcement of a change of control, both of the Company's current investment grade credit ratings cease to be investment grade), each as defined in the indenture for the 7.25% Notes, the Company may be required to repurchase all of the 7.25% Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest, if any, and additional interest, if any, to but not including the date of repurchase. The 7.25% Notes rank equally with all of the Company's other senior unsecured debt and are structurally subordinated to all existing and future indebtedness and other obligations of our subsidiaries. As of December 31, 2012 and 2011, the Company had $296.3 million and $295.8 million net, respectively ($300.0 million aggregate principal amount) outstanding under the 7.25% Notes. As of December 31, 2012 and 2011, the carrying value includes a discount of $3.7 million and $4.2 million, respectively. 5.05% Senior Notes—The 5.05% senior notes due 2020 (“5.05% Notes”) were issued during the year ended December 31, 2010 and mature on September 1, 2020, and interest is payable semi-annually in arrears on March 1 and September 1 of each year. The Company may redeem the 5.05% Notes at any time at a redemption price equal to 100% of the principal amount, plus a make-whole premium, together with accrued interest to the redemption date. The supplemental indenture contains certain covenants that restrict the Company's ability to merge, consolidate or sell assets and its (together with its subsidiaries') ability to incur liens. These covenants are subject to a number of exceptions, including that the Company and its subsidiaries may incur certain liens on assets, mortgages or other liens securing indebtedness, if the aggregate amount of such liens does not exceed 3.5x Adjusted EBITDA, as defined in the supplemental indenture. If the Company undergoes a change of control and ratings decline (in the event that on or within 90 days after an announcement of a change of control, both of its current investment grade credit ratings cease to be investment grade), each as defined in the supplemental indenture, the Company will be required to offer to repurchase all of the 5.05% Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest (including additional interest, if any) up to but not including the repurchase date. The 5.05% Notes rank equally with all of the Company's other senior unsecured debt and are structurally subordinated to all existing and future indebtedness and other obligations of its subsidiaries.
As of December 31, 2012 and 2011, the Company had $699.3 million, net ($700.0 million aggregate principal amount) outstanding under the 5.05% Notes. As of December 31, 2012 and 2011, the carrying value includes a discount of $0.7 million.
5.90% Senior Notes—The 5.90% senior notes due 2021 (“5.90% Notes”) were issued during the year ended December 31, 2011 and mature on November 1, 2021, and interest is payable semi-annually in arrears on May 1 and November 1 of each year. The Company may redeem the 5.90% Notes at any time at a redemption price equal to 100% of the principal amount, plus a make-whole premium, together with accrued interest to the redemption date. The supplemental indenture contains certain covenants that restrict the Company's ability to merge, consolidate or sell assets and its (together with its subsidiaries') ability to incur liens. These covenants are subject to a number of exceptions, including that the Company and its subsidiaries may incur certain liens on assets, mortgages or other liens securing indebtedness, if the aggregate amount of such liens does not exceed 3.5x Adjusted EBITDA, as defined in the supplemental indenture. If the Company undergoes a change of control and ratings decline (in the event that on or within 90 days after an announcement of a change of control, both of its current investment grade credit ratings cease to be investment grade), each as defined in the supplemental indenture, the Company will be required to offer to repurchase all of the 5.90% Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest (including additional interest, if any) up to but not including the repurchase date. The 5.90% Notes rank equally with all of the Company's other senior unsecured debt and are structurally subordinated to all existing and future indebtedness and other obligations of its subsidiaries.
As of December 31, 2012 and 2011, the Company had $499.4 million and $499.3 million, net, respectively ($500.0 million aggregate principal amount) outstanding under the 5.90% Notes. As of December 31, 2012 and 2011, the carrying value includes a discount of $0.6 million and $0.7 million, respectively. 4.70% Senior Notes—The 4.70% senior notes due 2022 (“4.70% Notes”) were issued during the year ended December 31, 2012 and mature on March 15, 2022, and interest is payable semi-annually in arrears on March 15 and September 15 of each year. The Company may redeem the 4.70% Notes at any time at a redemption price equal to 100% of the principal amount, plus a make-whole premium, together with accrued interest to the redemption date. The supplemental indenture contains certain covenants that restrict the Company's ability to merge, consolidate or sell assets and its (together with its subsidiaries') ability to incur liens. These covenants are subject to a number of exceptions, including that the Company and its subsidiaries may incur certain liens on assets, mortgages or other liens securing indebtedness, if the aggregate amount of such liens does not exceed 3.5x Adjusted EBITDA, as defined in the supplemental indenture. If the Company undergoes a change of control and ratings decline (in the event that on or within 90 days after an announcement of a change of control, both of its current investment grade credit ratings cease to be investment grade), each as defined in the supplemental indenture, the Company will be required to offer to repurchase all of the 4.70% Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest (including additional interest, if any) up to but not including the repurchase date. The 4.70% Notes rank equally with all of the Company's other senior unsecured debt and are structurally subordinated to all existing and future indebtedness and other obligations of its subsidiaries.
As of December 31, 2012, the Company had $698.8 million, net ($700.0 million aggregate principal amount) outstanding under the 4.70% Notes. As of December 31, 2012, the carrying value includes a discount of $1.2 million. Capital Lease Obligations—The Company's capital lease obligations approximated $57.3 million and $46.8 million as of December 31, 2012 and 2011, respectively. These obligations are secured by the related assets and bear interest at rates ranging from 2.74% to 9.00% and mature in periods ranging from less than one year to approximately seventy years.
Maturities—As of December 31, 2012, aggregate principal maturities of long-term debt, including capital leases, for the next five years and thereafter are estimated to be (in thousands):
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The entire disclosure for long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Non-Current Liabilities
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Other Non-Current Liabilities | 9. OTHER NON-CURRENT LIABILITIES Other non-current liabilities consist of the following as of December 31, (in thousands):
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Asset Retirement Obligations
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Asset Retirement Obligations | 10. ASSET RETIREMENT OBLIGATIONS The changes in the carrying value of the Company's asset retirement obligations for the years ended December 31, 2012 and 2011 are as follows (in thousands):
As of December 31, 2012, the estimated undiscounted future cash outlay for asset retirement obligations was approximately $1.5 billion. |
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The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments
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Derivative Financial Instruments | 11. DERIVATIVE FINANCIAL INSTRUMENTS
The Company is exposed to certain risks related to its ongoing business operations. The primary risk managed through the use of derivative instruments is interest rate risk. From time to time, the Company enters into interest rate protection agreements to manage exposure to variability in cash flows relating to forecasted interest payments. Under these agreements, the Company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract. The Company's credit risk exposure is limited to the current value of the contract at the time the counterparty fails to perform.
If a derivative is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded in accumulated other comprehensive income (loss) and are recognized in the results of operations when the hedged item affects earnings. Ineffective portions of changes in the fair value of cash flow hedges are recognized immediately in the results of operations. For derivative instruments not designated as hedging instruments, changes in fair value are recognized in the results of operations in the period in which the change occurs.
The Company has entered into the following interest rate swap agreements to manage its exposure to variability in interest rates on debt in South Africa that accrues interest based on JIBAR: (i) on January 16, 2012, the Company entered into three interest rate swap agreements with an aggregate notional value of 350.0 million ZAR (ii) on August 29, 2012, the Company entered into three additional interest rate swap agreements with an aggregate notional value of 61.5 million ZAR and (iii) on September 28, 2012, the Company entered into three additional interest rate swap agreements with an aggregate notional value of 12.1 million ZAR. The Company's South African interest rate swap agreements have been designated as cash flow hedges, have fixed interest rates ranging from 6.09% to 7.25% and expire on March 31, 2020.
In addition, on December 5, 2012, the Company entered into an interest rate swap agreement with a notional value of 101.3 billion COP to manage its exposure to variability in interest rates on debt in Colombia that accrues interest based on IBR. The Company's Colombian interest rate swap agreement has been designated as a cash flow hedge, has a fixed interest rate of 5.78%, and expires on November 30, 2020.
No interest rate swap agreements were outstanding at December 31, 2011. As of December 31, 2012, the carrying amounts of the Company's derivative financial instruments, along with the estimated fair values of the related liabilities were as follows (in thousands):
During the years ended December 31, 2012, 2011 and 2010, the interest rate swap agreements held by the Company had the following impact on other comprehensive income (“OCI”) included in the consolidated balance sheets and in the consolidated statements of operations (in thousands):
As of December 31, 2012, 2011 and 2010, accumulated other comprehensive (loss) income included the following items related to derivative financial instruments (in thousands):
As of December 31, 2012, $1.8 million of the amount related to derivatives designated as cash flow hedges and recorded in accumulated other comprehensive (loss) income is expected to be reclassified into earnings in the next twelve months.
During the years ended December 31, 2012, 2011 and 2010, the Company recorded aggregate net unrealized (losses) gains of approximately $(4.8) million, $1.9 million, and $9.5 million, respectively (net of tax benefits (provisions) of approximately $0.7 million, $(1.3) million, and $(6.0) million, respectively) in accumulated other comprehensive (loss) income for the change in fair value of interest rate swaps designated as cash flow hedges.
The Company is amortizing the deferred loss on the settlement of the treasury rate lock as additional interest expense over the term of the 7.00% Notes, and is amortizing the deferred gain on the settlement of interest rate swap agreements entered into in connection with the Securitization as a reduction in interest expense over the five-year period for which the interest rate swaps were designated as hedges. For the year ended December 31, 2012, the Company reclassified $0.6 million into results of operations. The Company reclassified an aggregate of $0.1 million (net of income tax provisions of $0.1 million) into results of operations during the years ended December 31, 2011 and 2010.
As a result of the REIT Conversion described in note 1, effective December 31, 2011, the Company reversed the deferred tax assets and liabilities related to the entities operating its REIT activities. Accordingly, approximately $1.8 million of deferred tax assets associated with the deferred loss on the settlement of the treasury rate lock and the deferred gain on the settlement of the interest rate swap agreement entered into in connection with the Securitization were reclassified to other comprehensive income.
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The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements
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Fair Value Measurements | 12. FAIR VALUE MEASUREMENTS
The Company determines the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Below are the three levels of inputs that may be used to measure fair value:
Level 1 Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
Items Measured at Fair Value on a Recurring Basis—The fair value of the Company's financial assets and liabilities that is required to be measured at fair value on a recurring basis is as follows:
Cash and cash equivalents include short-term investments, including money market funds, with original maturities of three months or less whose fair value approximated cost at December 31, 2012 and 2011. The fair value of the Company's interest rate swap agreements recorded as liabilities is included in other non-current liabilities in the accompanying consolidated balance sheets. Fair valuations of the Company's interest rate swap agreements reflect the value of the instrument including the values associated with counterparty risk and the Company's own credit standing. The Company includes in the valuation of the derivative instrument the value of the net credit differential between the counterparties to the derivative contract.
The Company may be required to pay additional consideration under certain agreements for the acquisitions of communications sites in Brazil, Colombia, Ghana, South Africa and the United States if specific conditions are met or events occur, such as the (i) collocation of certain wireless carriers subsequent to acquiring the communications sites, (ii) conversion of certain barter agreements with other wireless carriers to cash-paying master lease agreements or (iii) achievement of certain earnings targets.
Acquisition-related contingent consideration is initially measured and recorded at fair value as an element of consideration paid in connection with an acquisition with subsequent adjustments recognized in other operating expenses in the consolidated statements of operations. The Company determines the fair value of acquisition-related contingent consideration, and any subsequent changes in fair value using a discounted probability-weighted approach. This approach takes into consideration Level 3 unobservable inputs including probability assessments of expected future cash flows over the period in which the obligation is expected to be settled and applies a discount factor that captures the uncertainties associated with the obligation. Changes in these unobservable inputs could significantly impact the fair value of the liabilities recorded in the accompanying consolidated balance sheets and operating expenses in the consolidated statements of operations.
As of December 31, 2012, the Company estimates the value of all potential acquisition-related contingent consideration required payments to be between zero and $43.6 million. During the years ended December 31, 2012 and 2011, the fair value of the contingent consideration changed as follows (in thousands):
Items Measured at Fair Value on a Nonrecurring Basis—During the year ended December 31, 2012, certain long-lived assets held and used with a carrying value of $5,379.2 million were written down to their net realizable value of $5,357.7 million as a result of an asset impairment charge of $21.5 million, which was recorded in other operating expenses in the accompanying consolidated statements of operations. During the year ended December 31, 2011, long-lived assets held and used with a carrying value of $4,280.8 million were written down to their net realizable value of $4,271.8 million, resulting in an asset impairment charge of $9.0 million. These adjustments were determined by comparing the estimated proceeds from sale of assets or the projected future discounted cash flows to be provided from the long-lived assets (calculated using Level 3 inputs) to the asset's carrying value. There were no other items measured at fair value on a nonrecurring basis during the year ended December 31, 2012. Fair Value of Financial Instruments—The carrying value of the Company's financial instruments, with the exception of long-term obligations, including the current portion, reasonably approximate the related fair value as of December 31, 2012 and 2011. The Company's estimates of fair value of its long-term obligations, including the current portion, are based primarily upon reported market values. For long-term debt not actively traded, fair value was estimated using a discounted cash flow analysis using rates for debt with similar terms and maturities. As of December 31, 2012, the carrying value and fair value of long-term obligations, including the current portion, were $8.8 billion and $9.4 billion, respectively, of which $4.9 billion was measured using Level 1 inputs and $4.5 billion was measured using Level 2 inputs. As of December 31, 2011, the carrying value and fair value of long-term obligations, including the current portion, were $7.2 billion and $7.5 billion, respectively, of which $3.8 billion was measured using Level 1 inputs and $3.7 billion was measured using Level 2 inputs.
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes | 13. INCOME TAXES
The Company has filed, for prior taxable years through its taxable year ended December 31, 2011, a consolidated U.S. federal tax return, which includes all of its wholly owned domestic subsidiaries. For its taxable year commencing January 1, 2012, the Company intends to file as a REIT, and its domestic TRSs intend to file as C corporations. The Company also files tax returns in various states and countries. The Company's state tax returns reflect different combinations of the Company's subsidiaries and are dependent on the connection each subsidiary has with a particular state. The following information pertains to the Company's income taxes on a consolidated basis.
The income tax provision from continuing operations was comprised of the following for the years ended December 31, (in thousands):
The income tax provision for the year ended December 31, 2011 is net of the deferred tax benefit due to the REIT Conversion of approximately $121 million.
The domestic and foreign components of income from continuing operations before income taxes and income on equity method investments were as follows for the years ended December 31, (in thousands):
For the year ended December 31, 2011, the Company recorded an income tax expense of $125.1 million, net of a benefit due to the adjustment of approximately $121 million in deferred tax liabilities (net of deferred tax assets) the values of which were reduced as a result of its REIT Conversion. A reconciliation between the U.S. statutory rate and the effective rate from continuing operations was as follows for the years ended December 31:
The components of the net deferred tax asset and related valuation allowance are as follows as of December 31, (in thousands):
The valuation allowance increased from $5.8 million as of December 31, 2011 to $95.6 million as of December 31, 2012.
At December 31, 2012, the Company has provided a valuation allowance of approximately $95.6 million which primarily relates to foreign items. During 2012, the Company increased amounts recorded as valuation allowances due to the uncertainty as to the timing and the Company's ability to recover net deferred tax assets in certain foreign operations in the foreseeable future. The amount of deferred tax assets considered realizable, however, could be adjusted if objective evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as our projections for growth.
The recoverability of the Company's net deferred tax asset has been assessed utilizing projections based on its current operations. Accordingly, the recoverability of the net deferred tax asset is not dependent on material asset sales or other non-routine transactions. Based on its current outlook of future taxable income during the carryforward period, management believes that the net deferred tax asset will be realized.
The Company's deferred tax assets as of December 31, 2012 and 2011 in the table above do not include $6.9 million and $3.0 million, respectively, of excess tax benefits from the exercises of employee stock options that are a component of net operating losses as these benefits can only be recognized when the related tax deduction reduces income taxes payable. If these benefits had been fully recognized in 2012, total equity as of December 31, 2012 would have increased by $6.9 million.
The Company considers the earnings of certain non-U.S. subsidiaries to be indefinitely invested outside the United States on the basis of estimates that future domestic cash generation will be sufficient to meet future domestic cash needs. The Company has not recorded a deferred tax liability related to the U.S. federal and state income taxes and foreign withholding taxes on approximately $101 million of undistributed earnings of foreign subsidiaries indefinitely invested outside of the United States. Should the Company decide to repatriate the foreign earnings, it may have to adjust the income tax provision in the period it determined that the earnings will no longer be indefinitely invested outside of the United States.
At December 31, 2012, the Company had net federal, state, and foreign operating loss carryforwards available to reduce future taxable income, including losses related to employee stock options of approximately $0.3 billion. If not utilized, the Company's net operating loss carryforwards expire as follows (in thousands):
In addition, the Company has Mexican tax credits of $2.9 million which if not utilized would expire in 2017.
As of December 31, 2012 and 2011, the total amount of unrecognized tax benefits that would impact the effective tax rate, if recognized, was $30.6 million and $34.5 million, respectively. The Company expects the unrecognized tax benefits to change over the next 12 months if certain tax matters ultimately settle with the applicable taxing jurisdiction during this timeframe, or if the applicable statute of limitations lapses. The impact of the amount of such changes to previously recorded uncertain tax positions could range from zero to $1.3 million. A reconciliation of the beginning and ending amount of unrecognized tax benefits are as follows for the years ended December 31, (in thousands):
During the years ended December 31, 2012, 2011 and 2010, the statute of limitations on certain unrecognized tax benefits lapsed and certain positions were effectively settled, which resulted in a decrease of $4.9 million, $0.5 million and less than $0.1 million, respectively, in the liability for uncertain tax benefits, all of which reduced the income tax provision.
During the year ended December 31, 2012, the Company recorded penalties and tax-related interest benefit to the tax provision of $2.9 million. During the years ended December 31, 2011 and 2010, the Company recorded penalties and tax-related interest expense to the tax provision of $9.1 million and $2.3 million. As of December 31, 2012 and 2011, the total unrecognized tax benefits included in other non-current liabilities in the consolidated balance sheets were $34.3 million and $36.6 million, respectively. As of December 31, 2012 and 2011, the total amount of accrued income tax-related interest and penalties included in other non-current liabilities in the consolidated balance sheets were $28.7 million and $31.5 million, respectively.
The Company has filed for prior taxable years, and for its taxable year ended December 31, 2012 will file, numerous consolidated and separate income tax returns, including U.S. federal and state tax returns and foreign tax returns. The Company is subject to examination in the U.S. and various state and foreign jurisdictions for certain tax years. As a result of the Company's ability to carryforward federal, state and foreign net operating losses, the applicable tax years generally remain open to examination several years after the applicable loss carryforwards have been used or expired.
The Company regularly assesses the likelihood of additional assessments in each of the tax jurisdictions resulting from these examinations. The Company believes that adequate provisions have been made for income taxes for all periods through December 31, 2012. |
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The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock-Based Compensation | 14. STOCK-BASED COMPENSATION
The Company recognized stock-based compensation of $52.0 million, $47.4 million and $52.6 million for the years ended December 31, 2012, 2011 and 2010, respectively. Stock-based compensation for the year ended December 31, 2011 included $3.0 million related to the modification of the vesting and exercise terms for a certain employee's equity awards. The Company capitalized $2.2 million and $3.1 million of stock-based compensation expense as property and equipment during the years ended December 31, 2012 and 2011, respectively, and did not capitalize any stock-based compensation expense for the year ended December 31, 2010.
Summary of Stock-Based Compensation Plans—The Company maintains equity incentive plans that provide for the grant of stock-based awards to its directors, officers and employees. The 2007 Equity Incentive Plan (“2007 Plan”) provides for the grant of non-qualified and incentive stock options, as well as restricted stock units, restricted stock and other stock-based awards. Exercise prices in the case of non-qualified and incentive stock options are not less than the fair value of the underlying common stock on the date of grant. Equity awards typically vest ratably over various periods, generally four years, and generally expire ten years from the date of grant. In January 2013, the Company began granting awards under the 2007 Plan that allow for vesting of such awards upon retirement if the employee has reached certain eligibility requirements. The Company will recognize compensation expense for all stock-based compensation over the shorter of (i) the four year vesting period or (ii) the period from the date of grant to the date the employee becomes eligible for such retirement benefits. As of December 31, 2012, the Company had the ability to grant stock-based awards with respect to an aggregate of 18.6 million shares of common stock under the 2007 Plan.
Stock Options—The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model based on the assumptions noted in the table below. The risk-free treasury rate is based on the U.S. Treasury yield approximating the estimated life in effect at the accounting measurement date. The expected life (estimated period of time outstanding) is estimated using the vesting term and historical exercise behavior of Company employees. The expected volatility is based on historical volatility for a period equal to the expected life of the stock options. The expected annual dividend is the Company's best estimate of expected future dividend yield.
Key assumptions used to apply this pricing model are as follows:
The weighted average grant date fair value per share during the years ended December 31, 2012, 2011 and 2010 was $17.46, $17.18 and $15.03, respectively. The intrinsic value of stock options exercised during the years ended December 31, 2012, 2011 and 2010 was $59.5 million, $54.6 million and $62.7 million, respectively. As of December 31, 2012, total unrecognized compensation expense related to unvested stock options was approximately $30.8 million and is expected to be recognized over a weighted average period of approximately two years. The amount of cash received from the exercise of stock options was approximately $50.9 million during the year ended December 31, 2012. During the year ended December 31, 2012, the Company realized approximately $2.1 million of state tax benefits from the exercise of stock options.
The following table summarizes the Company's option activity for the periods presented:
The following table sets forth information regarding options outstanding at December 31, 2012:
Restricted Stock Units—During the year ended December 31, 2012, the Company granted restricted stock units pursuant to the 2007 Plan. Restricted stock units typically vest ratably over various periods, generally four years. The Company recognizes the expense associated with the units over the vesting term. The expense is based on the fair value of the units awarded at the date of grant, times the number of shares subject to the units awarded.
The following table summarizes the Company's restricted stock unit activity during the year ended December 31, 2012:
The total fair value of restricted stock units which vested during the year ended December 31, 2012 was $56.3 million.
As of December 31, 2012, total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 Plan was $68.8 million and is expected to be recognized over a weighted average period of approximately two years.
Employee Stock Purchase Plan —The Company maintains an employee stock purchase plan (“ESPP”) for all eligible employees. Under the ESPP, shares of the Company's common stock may be purchased on the last day of each bi-annual offering period at 85% of the lower of the fair value on the first or the last day of such offering period. Employees may purchase shares having a value not exceeding 15% of their gross compensation during an offering period and may not purchase more than $25,000 worth of stock in a calendar year (based on market values at the beginning of each offering period). The offering periods run from June 1 through November 30 and from December 1 through May 31 of each year. During the 2012, 2011 and 2010 offering periods employee contributions were accumulated to purchase an estimated 87,749, 79,049 and 75,354 shares, respectively, at weighted average prices per share of $51.59, $44.56 and $34.16, respectively. The fair value of the ESPP offerings is estimated on the offering period commencement date using a Black-Scholes pricing model with the expense recognized over the expected life, which is the six month offering period over which employees accumulate payroll deductions to purchase the Company's common stock. The weighted average fair value for the ESPP shares purchased during 2012, 2011 and 2010 was $13.64, $12.18 and $9.43, respectively. At December 31, 2012, 3.5 million shares remain reserved for future issuance under the plan.
Key assumptions used to apply this pricing model for the years ended December 31, are as follows:
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The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Equity | 15. EQUITY Warrants—In August 2005, the Company completed its merger with SpectraSite, Inc. and assumed outstanding warrants to purchase shares of SpectraSite, Inc. common stock. As of the merger completion date, each warrant was exercisable for two shares of SpectraSite, Inc. common stock at an exercise price of $32 per warrant. Upon completion of the merger, each warrant to purchase shares of SpectraSite, Inc. common stock automatically converted into a warrant to purchase shares of the Company's common stock, such that upon exercise of each warrant, the holder has a right to receive 3.575 shares of the Company's common stock in lieu of each share of SpectraSite, Inc. common stock that would have been receivable under each assumed warrant prior to the merger. Upon completion of the Company's merger with SpectraSite, Inc., these warrants were exercisable for approximately 6.8 million shares of common stock. These warrants expired on February 10, 2010. No warrants were outstanding at December 31, 2012, 2011 and 2010. Stock Repurchase Program—During the year ended December 31, 2012, the Company continued to repurchase shares of its common stock pursuant to its publicly announced stock repurchase program. In March 2011, the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to purchase up to an additional $1.5 billion of common stock (“2011 Buyback”).
During the year ended December 31, 2012, the Company repurchased 872,005 shares of its common stock for an aggregate of $62.7 million, including commissions and fees, pursuant to the 2011 Buyback. As of December 31, 2012, the Company had repurchased a total of approximately 4.3 million shares of its common stock under the 2011 Buyback for an aggregate of $243.9 million, including commissions and fees.
Between January 1, 2013 and January 21, 2013, the Company repurchased an additional 15,790 shares of its common stock for an aggregate of $1.2 million, including commissions and fees, pursuant to the 2011 Buyback. As of January 21, 2013, the Company had repurchased a total of approximately 4.3 million shares of its common stock under the 2011 Buyback for an aggregate of $245.2 million, including commissions and fees. Under the 2011 Buyback, the Company is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices in accordance with securities laws and other legal requirements, and subject to market conditions and other factors. To facilitate repurchases, the Company makes purchases pursuant to trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, which allows the Company to repurchase shares during periods when it otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. The Company continues to manage the pacing of the remaining $1.3 billion under the 2011 Buyback in response to general market conditions and other relevant factors. In the near term, the Company expects to fund any further repurchases of its common stock through a combination of cash on hand, cash generated by operations and borrowings under its credit facilities. Purchases under the 2011 Buyback are subject to the Company having available cash to fund repurchases.
Distributions—During the year ended December 31, 2012, the Company declared and paid the following regular cash distributions to the stockholders:
The Company accrues distributions on unvested restricted stock unit awards granted subsequent to January 1, 2012, which will be payable upon vesting. As of December 31, 2012, the Company had accrued $0.7 million of distributions payable upon the vesting of restricted stock units.
To maintain its REIT status, the Company expects to continue paying regular distributions, the amount, timing and frequency of which will be determined and be subject to adjustment by the Company's Board of Directors.
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The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Impairments, Net Loss on Sale of Long-Lived Assets
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Property, Plant and Equipment Impairment or Disposal [Abstract] | |
Asset Impairment Charges [Text Block] | 16. IMPAIRMENTS, NET LOSS ON SALE OF LONG-LIVED ASSETS During the years ended December 31, 2012, 2011 and 2010, the Company recorded impairment charges and net losses on sale of long-lived assets of $34.4 million, $17.4 million and $16.7 million, respectively. These charges are primarily related to assets included in the Company's domestic rental and management segment and are included in other operating expenses in the consolidated statements of operation.
Included in these amounts are impairment charges of approximately $21.5 million, $9.0 million and $12.2 million for the years ended December 31, 2012, 2011 and 2010, respectively, to write down certain assets to net realizable value after an indicator of impairment had been identified. Included in amounts recorded for the year ended December 31, 2012, was an impairment charge of approximately $10.8 million resulting from the impairment of one of the Company's outdoor DAS networks upon the termination of a tenant lease.
Also included in these amounts are net losses associated with the sale or disposal of certain non-core towers, other assets and other miscellaneous items of $12.9 million, $8.4 million and $4.5 million for the years ended December 31, 2012, 2011 and 2010, respectively.
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The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. No definition available.
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Earnings Per Common Share
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Earnings Per Common Share | 17. EARNINGS PER COMMON SHARE Basic income from continuing operations per common share represents income from continuing operations attributable to American Tower Corporation divided by the weighted average number of common shares outstanding during the period. Diluted income from continuing operations per common share represents income from continuing operations attributable to American Tower Corporation divided by the weighted average number of common shares outstanding during the period and any dilutive common share equivalents, including unvested restricted stock, shares issuable upon exercise of stock options and warrants as determined under the treasury stock method and upon conversion of the Company's convertible notes, as determined under the if-converted method. Dilutive common share equivalents also include the dilutive impact of the Verizon transaction (see note 18).
The following table sets forth basic and diluted income from continuing operations per common share computational data for the years ended December 31, 2012, 2011 and 2010 (in thousands, except per share data):
For the year ended December 31, 2010, the weighted average number of common shares outstanding excludes shares issuable upon conversion of the Company's convertible notes of 0.1 million. For the years ended December 31, 2012, 2011 and 2010, the diluted weighted average number of common shares outstanding excludes shares issuable upon exercise of the Company's stock options and share based awards of 1.0 million, 0.9 million and 1.1 million, respectively, as the effect would be anti-dilutive.
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies
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Commitments and Contingencies | 18. COMMITMENTS AND CONTINGENCIES
Litigation—The Company periodically becomes involved in various claims, lawsuits and proceedings that are incidental to its business. In the opinion of Company management, after consultation with counsel, there are no matters currently pending that would, in the event of an adverse outcome, materially impact the Company's consolidated financial position, results of operations or liquidity.
SEC Subpoena—On June 2, 2011, the Company received a subpoena from the Securities and Exchange Commission (the “SEC”) requesting certain documents from 2007 through the date of the subpoena, including in particular documents related to our tax accounting and reporting. On November 6, 2012, the SEC notified the Company that the SEC's investigation has been completed. The SEC indicated that it does not intend to recommend any enforcement action against the Company. Mexico Litigation—One of the Company's subsidiaries, SpectraSite Communications, Inc. (“SCI ”), a predecessor in interest by conversion to SpectraSite Communications, LLC, was involved in a lawsuit brought in Mexico against a former Mexican subsidiary of SCI (the subsidiary of SCI was sold in 2002, prior to the Company's acquisition of SCI in 2005). The lawsuit concerns a terminated tower construction contract and related agreements with a wireless carrier in Mexico. The primary issue for the Company is whether SCI itself can be found liable to the Mexican carrier. The trial and lower appellate courts initially found that SCI had no such liability in part because Mexican courts did not have the necessary jurisdiction over SCI. In September 2010, following several decisions by Mexican appellate courts, including the Supreme Court of Mexico, and related appeals by both parties, an intermediate appellate court issued a new decision that would have, if enforceable, re-imposed liability on SCI if the primary defendant in the case were unable to satisfy the judgment. In its decision, the intermediate appellate court identified potential damages, in the form of potential statutory interest, of approximately $6.7 million as of that date. On October 14, 2010, the Company filed a new constitutional appeal to again dispute the decision, which was rejected on January 24, 2012. The case was returned to the trial court to determine whether any actual damages should be awarded to the Mexican carrier. On August 2, 2012, the trial court entered judgment against the primary defendant and SCI in the amount of approximately $6.5 million. Each party appealed the trial court's determination and on October 17, 2012, the appellate court entered judgment against the primary defendant in the amount of approximately $7.9 million with SCI responsible for any amount not recoverable from the primary defendant. On November 9, 2012, SCI filed a constitutional appeal of the appellate court ruling. In connection with the Company's acquisition of a portfolio of communications sites from the Mexican carrier on January 31, 2013, the Mexican carrier released all of its claims against SCI, including any obligation of SCI to pay any damages.
Lease Obligations—The Company leases certain land, office and tower space under operating leases that expire over various terms. Many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option. Escalation clauses present in operating leases, excluding those tied to CPI or other inflation-based indices, are recognized on a straight-line basis over the non-cancellable term of the lease.
Future minimum rental payments under non-cancellable operating leases include payments for certain renewal periods at the Company's option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases, thereby making it reasonably assured that the Company will renew the lease. Such payments in effect at December 31, 2012 are as follows (in thousands):
Aggregate rent expense (including the effect of straight-line rent expense) under operating leases for the years ended December 31, 2012, 2011 and 2010 approximated $419.0 million, $366.1 million and $300.0 million, respectively.
Future minimum payments under capital leases in effect at December 31, 2012 are as follows (in thousands):
Tenant Leases—The Company's lease agreements with its tenants vary depending upon the region and the industry of the tenant. In the United States, initial terms for television and radio broadcast leases typically range between 10 to 20 years, while leases for wireless communications providers generally have initial terms of five to ten years. Internationally, the Company's typical tenant leases have an initial term of 10 years. In most cases, the Company's tenant leases have multiple renewal terms at the option of the tenant.
Future minimum rental receipts expected from tenants under non-cancellable operating lease agreements in effect at December 31, 2012 are as follows (in thousands):
AT&T Transaction—The Company has an agreement with SBC Communications Inc., a predecessor entity to AT&T Inc. (“AT&T”), for the lease or sublease of approximately 2,450 towers from AT&T commencing between December 2000 and August 2004. All of the towers are part of the Company's Securitization. The average term of the lease or sublease for all sites at the inception of the agreement was approximately 27 years, assuming renewals or extensions of the underlying ground leases for the sites. The Company has the option to purchase the sites subject to the applicable lease or sublease upon its expiration. Each tower is assigned to an annual tranche, ranging from 2013 to 2032, which represents the outside expiration date for the sublease rights to that tower. The purchase price for each site is a fixed amount stated in the sublease for that site plus the fair market value of certain alterations made to the related tower by AT&T. The aggregate purchase option price for the towers leased and subleased was approximately $545.2 million as of December 31, 2012, and will accrete at a rate of 10% per year to the applicable expiration of the lease or sublease of a site. For all such sites purchased by the Company prior to June 30, 2020, AT&T will continue to lease the reserved space at the then-current monthly fee which shall escalate in accordance with the standard master lease agreement for the remainder of AT&T's tenancy. Thereafter, AT&T shall have the right to renew such lease for up to four successive five-year terms. For all such sites purchased by the Company subsequent to June 30, 2020, AT&T has the right to continue to lease the reserved space for successive one-year terms at a rent equal to the lesser of the agreed upon market rate and the then current monthly fee, which is subject to an annual increase based on changes in the Consumer Price Index.
Verizon Transaction—In December 2000, the Company entered into an agreement with ALLTEL, a predecessor entity to Verizon Wireless (“Verizon”) to acquire towers through a 15-year sublease agreement. Pursuant to the agreement with Verizon, as amended, the Company acquired rights to a total of approximately 1,800 towers in tranches between April 2001 and March 2002. The Company has the option to purchase each tower at the expiration of the applicable sublease, which will occur in tranches between April 2016 and March 2017 based on the original closing date for such tranche of towers. The purchase price per tower as of the original closing date was $27,500 and will accrete at a rate of 3% per annum through the expiration of the applicable sublease. The aggregate purchase option price for the subleased towers was approximately $69.1 million as of December 31, 2012. At Verizon's option, at the expiration of the sublease, the purchase price would be payable in cash or with 769 shares of the Company's common stock per tower, which at December 31, 2012 would be valued at approximately $105.5 million.
Guaranties and Indemnifications—The Company enters into agreements from time to time in the ordinary course of business pursuant to which it agrees to guarantee or indemnify third parties for certain claims. The Company has also entered into purchase and sale agreements relating to the sale or acquisition of assets containing customary indemnification provisions. The Company's indemnification obligations under these agreements generally are limited solely to damages resulting from breaches of representations and warranties or covenants under the applicable agreements, but do not guaranty future performance. In addition, payments under such indemnification clauses are generally conditioned on the other party making a claim that is subject to whatever defenses the Company may have and are governed by dispute resolution procedures specified in the particular lease. Further, the Company's obligations under these agreements may be limited in duration and/or amount, and in some instances, the Company may have recourse against third parties for payments made by the Company. The Company has not historically made any material payments under these agreements and, as of December 31, 2012, is not aware of any agreements that could result in a material payment.
Other Contingencies—The Company is subject to income tax and other taxes in the geographic areas where it operates, and periodically receives notifications of audits, assessments or other actions by taxing authorities. The Company evaluates the circumstances of each notification based on the information available, and records a liability for any potential outcome that is probable or more likely than not unfavorable, if the liability is also reasonably estimable. Subsequent to December 31, 2012, the Company received a notice from the Indian tax authorities in connection with a review of transactions by Essar Telecom Infrastructure Private Limited (“ETIPL”) in 2008, prior to the Company's acquisition of ETIPL in August 2010. The Company believes that under its definitive agreement, the seller is obligated to indemnify and defend the Company with respect to any tax-related liability that may arise from activities prior to March 31, 2010.
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Supplemental Cash Flow Information
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Supplemental Cash Flow Information | 19. SUPPLEMENTAL CASH FLOW INFORMATION Supplemental cash flow information and non-cash investing and financing activities for the years ended December 31, 2012, 2011 and 2010 are as follows (in thousands):
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Business Segments | 20. BUSINESS SEGMENTS The Company operates in three business segments: domestic rental and management, international rental and management and network development services. The Company's primary business is leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. This business is referred to as the Company's rental and management operations and is comprised of domestic and international segments:
The Company has applied the aggregation criteria to operations within the international rental and management operating segments on a basis consistent with management's review of information and performance evaluation.
The Company's network development services segment offers tower-related services in the United States, including site acquisition, zoning and permitting services and structural analysis services, which primarily support its site leasing business and the addition of new tenants and equipment on its sites. The network development services segment is a strategic business unit that offers different services from the rental and management operating segments and requires different resources, skill sets and marketing strategies.
The accounting policies applied in compiling segment information below are similar to those described in note 1. In evaluating financial performance in each business segment, management uses segment gross margin and segment operating profit. The Company defines segment gross margin as segment revenue less segment operating expenses excluding stock-based compensation expense recorded in costs of operations; depreciation, amortization and accretion; selling, general, administrative and development expense; and other operating expenses. The Company defines segment operating profit as segment gross margin less selling, general, administrative and development expense attributable to the segment, excluding stock-based compensation expense and corporate expenses. For reporting purposes, the international rental and management segment operating profit and segment gross margin also include interest income, TV Azteca, net. These measures of segment gross margin and segment operating profit are also before interest income, interest expense, loss on retirement of long-term obligations, other (expense) income, net income (loss) attributable to noncontrolling interest, income (loss) on equity method investments, income taxes and discontinued operations. The categories of expenses indicated above, such as depreciation, have been excluded from segment operating performance as they are not considered in the review of information or the evaluation of results by management. There are no significant revenues resulting from transactions between the Company's operating segments. All intercompany transactions are eliminated to reconcile segment results and assets to the consolidated statements of operations and consolidated balance sheets.
Summarized financial information concerning the Company's reportable segments for the years ended December 31, 2012, 2011 and 2010 is shown in the following tables. The Other column represents amounts excluded from specific segments, such as business development operations, stock-based compensation expense and corporate expenses included in selling, general, administrative and development expense; other operating expense; interest income; interest expense; loss on retirement of long-term obligations; and other (expense) income, as well as reconciles segment operating profit to income from continuing operations before income taxes and income on equity method investments, as the amounts are not utilized in assessing each segment's performance.
Summarized geographic information related to the Company's operating revenues and long-lived assets as of and for the years ended December 31, 2012, 2011 and 2010, is as follows (in thousands):
Three tenants within the domestic and international rental and management segments and network development services segment accounted for 10% or more of the Company's consolidated operating revenues for the years ended December 31, 2012, 2011 and 2010 is as follows:
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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Related Party Transactions | 21. RELATED PARTY TRANSACTIONS During the years ended December 31, 2012, 2011, and 2010, the Company had no significant related party transactions.
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Selected Quarterly Financial Data
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Selected Quarterly Financial Data | 22. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Selected quarterly financial data for the years ended December 31, 2012 and 2011 is as follows (in thousands, except per share data):
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The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Subsequent Events | 23. SUBSEQUENT EVENTS
3.50% Senior Notes—On January 8, 2013, the Company completed a registered offering of $1.0 billion aggregate principal amount of the 3.50% Notes. The 3.50% Notes have an interest rate of 3.50% per annum and were issued at a price equal to 99.185% of their face value. The net proceeds to the Company from the offering were approximately $983.4 million, after deducting commissions and expenses. The Company used $265.0 million of the net proceeds to repay the outstanding indebtedness under the 2011 Credit Facility and $718.4 million to repay a portion of the outstanding indebtedness under the 2012 Credit Facility.
The 3.50% Notes mature on January 31, 2023, and interest is payable semi-annually in arrears on January 31 and July 31 of each year, commencing on July 31, 2013. The Company may redeem the 3.50% Notes at any time at a redemption price equal to 100% of the principal amount, plus a make-whole premium, together with accrued interest to the redemption date.
If the Company undergoes a change of control and ratings decline, each as defined in the supplemental indenture, the Company will be required to offer to repurchase all of the 3.50% Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest up to but not including the repurchase date. The 3.50% Notes rank equally with all of the Company's other senior unsecured debt and are structurally subordinated to all existing and future indebtedness and other obligations of its subsidiaries.
The supplemental indenture contains certain covenants that restrict the Company's ability to merge, consolidate or sell assets and its (together with its subsidiaries') ability to incur liens. These covenants are subject to a number of exceptions, including that the Company and its subsidiaries may incur certain liens on assets, mortgages or other liens securing indebtedness, if the aggregate amount of such liens does not exceed 3.5x Adjusted EBITDA, as defined in the supplemental indenture.
Mexico – Axtel Acquisition—On January 23, 2013, the Company entered into a definitive agreement to purchase communications sites from Axtel, S.A.B. de C.V. (“Axtel”). Pursuant to the definitive agreement, on January 31, 2013, the Company acquired 883 sites from Axtel for an aggregate purchase price of $248.5 million, subject to post-closing adjustments and value added tax.
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Real Estate and Accumulated Depreciation
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Real Estate and Accumulated Depreciation Disclosure |
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The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Business and Summary of Significant Accounting Policies (Policy)
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Discription of Business Basis Of Presentation And Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business | Business—American Tower Corporation is, through its various subsidiaries (collectively, “ATC” or the “Company”), an independent owner, operator and developer of wireless and broadcast communications real estate in the United States, Brazil, Chile, Colombia, Germany, Ghana, India, Mexico, Peru, South Africa and Uganda. The Company's primary business is the leasing of antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries. The Company also manages rooftop and tower sites for property owners, operates in-building and outdoor distributed antenna system (“DAS”) networks, holds property interests under third-party communications sites and provides network development services that primarily support its rental and management operations and the addition of new tenants and equipment on its sites. The Company began operating as a real estate investment trust (“REIT”) for federal income tax purposes effective January 1, 2012.
ATC is a holding company that conducts its operations through its directly and indirectly owned subsidiaries and its joint ventures. ATC's principal domestic operating subsidiaries are American Towers LLC and SpectraSite Communications, LLC. ATC conducts its international operations through its subsidiary, American Tower International, Inc., which in turn conducts operations through its various international operating subsidiaries and joint ventures.
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REIT Conversion | REIT Conversion—In May 2011, the Company announced its intention to reorganize to qualify as a REIT for federal income tax purposes (the “REIT Conversion”). Effective December 31, 2011, the Company completed the merger with its predecessor (“American Tower”) that was approved by the Company's stockholders in November 2011. At the time of the merger all outstanding shares of Class A common stock of American Tower were converted into a right to receive an equal number of shares of common stock of the surviving corporation. In addition, each share of Class A common stock of American Tower held in treasury at December 31, 2011 ceased to be outstanding, and a corresponding adjustment was recorded to additional paid-in capital and common stock.
The Company believes that since January 1, 2012, it has been organized and has operated in a manner that enables it to qualify, and intends to continue to operate in a manner that will allow it to continue to qualify, as a REIT for federal income tax purposes.
The Company holds and operates certain of its assets through one or more taxable REIT subsidiaries (“TRSs”). A TRS is a subsidiary of a REIT that is subject to applicable corporate income tax. The Company's use of TRSs enables it to continue to engage in certain businesses while complying with REIT qualification requirements and also allows the Company to retain income generated by these businesses for reinvestment without the requirement of distributing those earnings. The non-REIT qualified businesses that the Company holds through TRSs include its network development services segment. In addition, the Company has included its international operations and managed networks business within its TRSs. The Company is currently considering changing the election of one or more of its previously designated TRSs, which hold certain of its international operations, to be treated as qualified REIT subsidiaries or other disregarded entities (“QRSs”), and may reorganize and transfer certain assets or operations from its TRSs to other subsidiaries, including QRSs.
As a REIT, the Company generally will not be subject to federal income taxes on its income and gains that the Company distributes to its stockholders, including the income derived from leasing towers. However, even as a REIT, the Company will remain obligated to pay income taxes on earnings from its TRS assets. In addition, the Company's international assets and operations continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted.
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Principles of Consolidation and Basis of Presentation | Principles of Consolidation and Basis of Presentation —The accompanying consolidated financial statements include the accounts of the Company and those entities in which it has a controlling interest. Investments in entities that the Company does not control are accounted for using the equity or cost method, depending upon the Company's ability to exercise significant influence over operating and financial policies. All intercompany accounts and transactions have been eliminated. |
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Significant Accounting Policies and Use of Estimates | Significant Accounting Policies and Use of Estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates, and such differences could be material to the accompanying consolidated financial statements. The significant estimates in the accompanying consolidated financial statements include impairment of long-lived assets (including goodwill), asset retirement obligations, revenue recognition, rent expense, stock-based compensation, income taxes and accounting for business combinations. The Company considers events or transactions that occur after the balance sheet date but before the financial statements are issued as additional evidence for certain estimates or to identify matters that require additional disclosure. |
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Change in Presentation | Changes in Presentation—Changes have been made to the presentation of the Company's consolidated statements of equity for the years ended December 31, 2011 and 2010 to be consistent with the current year presentation. Specifically, other comprehensive income was previously reported in the aggregate, but the individual components are now reported separately in the consolidated statements of equity.
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Concentration of Credit Risk | Concentrations of Credit Risk—The Company is subject to concentrations of credit risk related to its cash and cash equivalents, notes receivable, accounts receivable, deferred rent asset and derivative financial instruments. The Company mitigates its risk with respect to cash and cash equivalents and derivative financial instruments by maintaining its deposits and contracts at high quality financial institutions and monitoring the credit ratings of those institutions.
The Company derives the largest portion of its revenues, corresponding accounts receivable and the related deferred rent asset from a relatively small number of tenants in the telecommunications industry, and approximately 51% of its revenues is derived from four customers. In addition, the Company has concentrations of credit risk in certain geographic areas.
The Company mitigates its concentrations of credit risk with respect to notes and trade receivables and the related deferred rent assets by actively monitoring the credit worthiness of its borrowers and tenants. In recognizing customer revenue, the Company must assess the collectibility of both the amounts billed and the portion recognized on a straight-line basis. This assessment takes tenant credit risk and business and industry conditions into consideration to ultimately determine the collectibility of the amounts billed. To the extent the amounts, based on management's estimates, may not be collectible, recognition is deferred until such point as the uncertainty is resolved. Any amounts that were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense included in selling, general, administrative and development expense in the accompanying consolidated statement of operations.
Accounts receivable are reported net of allowances for doubtful accounts related to estimated losses resulting from a tenant's inability to make required payments and allowances for amounts invoiced whose collectibility is not reasonably assured. These allowances are generally estimated based on payment patterns, days past due and collection history, and incorporate changes in economic conditions that may not be reflected in historical trends, such as tenants in bankruptcy, liquidation or reorganization. Receivables are written-off against the allowances when they are determined uncollectible. Such determination includes analysis and consideration of the particular conditions of the account. Changes in the allowances were as follows for the years ended December 31, (in thousands):
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Functional Currency | Functional Currency — As a result of changes to the organizational structure of the Company's subsidiaries in Latin America in 2010, the Company determined that effective January 1, 2010, the functional currency of its foreign subsidiary in Brazil is the Brazilian Real. From that point forward, all assets and liabilities held by the subsidiary in Brazil are translated into U.S. Dollars at the exchange rate in effect at the end of the applicable reporting period. Revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in equity. The change in functional currency from U.S. Dollars to Brazilian Real gave rise to an increase in the net value of certain non-monetary assets and liabilities. The aggregate impact on such assets and liabilities was $39.8 million with an offsetting increase in accumulated other comprehensive income during the year ended December 31, 2010.
As a result of the renegotiation of the Company's agreements with Grupo Iusacell, S.A. de C.V. (“Iusacell”), which included, among other changes, converting Iusacell's contractual obligations to the Company from U.S. Dollars to Mexican Pesos, the Company determined that effective April 1, 2010, the functional currency of certain of its foreign subsidiaries in Mexico is the Mexican Peso. From that point forward, all assets and liabilities held by those subsidiaries in Mexico are translated into U.S. Dollars at the exchange rate in effect at the end of the applicable reporting period. Revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in equity. The change in functional currency from U.S. Dollars to Mexican Pesos gave rise to a decrease in the net value of certain non-monetary assets and liabilities. The aggregate impact on such assets and liabilities was $33.6 million with an offsetting decrease in accumulated other comprehensive income.
The functional currency of the Company's other foreign operating subsidiaries is also the respective local currency. All assets and liabilities held by the subsidiaries are translated into U.S. Dollars at the exchange rate in effect at the end of the applicable fiscal reporting period. Revenues and expenses are translated at the average monthly exchange rates. The cumulative translation effect is included in equity as a component of accumulated other comprehensive income. Foreign currency transaction gains and losses are recognized in the consolidated statements of operations and are the result of transactions of a subsidiary being denominated in a currency other than its functional currency. |
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Cash and Cash Equivalents | Cash and Cash Equivalents—Cash and cash equivalents include cash on hand, demand deposits and short-term investments, including money market funds, with remaining maturities of three months or less when acquired, whose cost approximates fair value.
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Restricted Cash | Restricted Cash—The Company classifies as restricted cash all cash pledged as collateral to secure obligations and all cash whose use is otherwise limited by contractual provisions, including cash on deposit in reserve accounts relating to the Commercial Mortgage Pass-Through Certificates, Series 2007-1 issued in the Company's securitization transaction and the Secured Cellular Site Revenue Notes, Series 2010-1 Class C, Series 2010-2 Class C and Series 2010-2 Class F, assumed by the Company as a result of the acquisition of certain legal entities from Unison Holdings, LLC and Unison Site Management II, L.L.C. (collectively, “Unison”).
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Short-Term Investments and Available for Sale Securities | Short-Term Investments and Available-for-Sale Securities—As of December 31, 2012, short-term investments include highly-liquid investments of approximately $6.0 million and as of December 31, 2011, short-term investments and available-for-sale securities include highly-liquid investments of approximately $22.3 million, with original maturities in excess of three months. As of December 31, 2011, the Company's only short-term available-for-sale security was 39,871 shares of common stock of FiberTower Corporation, which had a fair value of less than $0.1 million (at a price of $0.21 per share). These shares were sold during the year ended December 31, 2012. All investments classified as available-for-sale are carried at fair value on the consolidated balance sheet. The net unrealized gains or losses on the available-for-sale securities are reported as accumulated other comprehensive income (loss), unless such changes are deemed other than temporary. The Company periodically reviews the value of available-for-sale securities and records any impairment charges in the consolidated statements of operations for any decline in value that is determined to be other-than-temporary. The Company does not have any investments classified as trading. During the years ended December 31, 2011 and 2010, the Company recorded unrealized (losses) gains on available-for-sale securities of $(0.1) million and $0.1 million, respectively (net of tax benefits (provisions) of less than $ 0.1 million and less than $(0.1) million, respectively).
As of December 31, 2011, the unrealized losses included in accumulated other comprehensive (loss) income totaled $0.4 million. Upon the sale of the available-for-sale securities during the year ended December 31, 2012, the amounts in accumulated other comprehensive (loss) income were recognized.
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Property and Equipment | Property and Equipment—Property and equipment are recorded at cost or, in the case of acquired properties, at estimated fair value on the date acquired. Cost for self-constructed towers includes direct materials and labor, capitalized interest and certain indirect costs associated with construction of the tower, such as transportation costs, employee benefits and payroll taxes. The Company begins the capitalization of costs during the pre-construction period, which is the period during which costs are incurred to evaluate the site, and continues to capitalize costs until the tower is substantially completed and ready for occupancy by a tenant. Labor costs capitalized for the years ended December 31, 2012, 2011 and 2010 were $41.6 million, $35.6 million and $31.9 million, respectively. Interest costs capitalized for the years ended December 31, 2012, 2011 and 2010 were $1.9 million, $2.1 million and $1.0 million, respectively.
Expenditures for repairs and maintenance are expensed as incurred. Augmentation and improvements that extend an asset's useful life or enhance capacity are capitalized.
Depreciation is recorded using the straight-line method over the assets' estimated useful lives. Towers and related assets on leased land are depreciated over the shorter of the term of the ground lease (including renewal options and residual value) or the estimated useful life of the tower.
Towers or assets acquired through capital leases are reflected in property and equipment at the present value of future minimum lease payments or the fair market value of the leased asset at the inception of the lease. Property and equipment, network location intangibles and assets held under capital leases are amortized over the shorter of the lease term or the estimated useful lives of the assets for periods up to twenty years.
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Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets— The Company reviews goodwill and intangible assets with indefinite lives for impairment at least annually (as of December 31) or whenever events or circumstances indicate the carrying value of an asset may not be recoverable.
The Company's goodwill is recorded in its domestic and international rental and management segments and network development services segment. The Company utilizes the two step impairment test when testing goodwill for impairment. When conducting this test, the Company employs a discounted cash flow analysis. The key assumptions utilized in the discounted cash flow analysis include current operating performance, terminal sales growth rate, management's expectations of future operating results and cash requirements, the current weighted average cost of capital, and an expected tax rate. Under the first step of this test, the Company compares the fair value of the reporting unit, as calculated under an income approach using future discounted cash flows, to the carrying value of the applicable reporting unit. If the carrying value exceeds the fair value, the Company conducts the second step of this test, in which the implied fair value of the applicable reporting unit's goodwill is compared to the carrying amount of that goodwill. If the carrying amount of goodwill exceeds its implied fair value, an impairment loss would be recognized.
During the years ended December 31, 2012, 2011 and 2010, no potential impairment was identified under the first step of the test, as the fair value of each of the reporting units was in excess of its carrying value.
Intangible assets that are separable from goodwill and are deemed to have a definite life are amortized over their useful lives, generally ranging from three to twenty years and are evaluated separately for impairment at least annually or whenever events or circumstances indicate that the carrying value of an asset may not be recoverable.
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Deferred rent asset | Deferred Rent Asset—The Company's deferred rent asset is associated with non-cancellable tenant leases that contain fixed escalation clauses over the terms of the applicable leases. |
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Notes Receivable and Other Long-Term Assets | Notes Receivable and Other Non-Current Assets—Notes receivable and other non-current assets primarily represent the Company's notes receivable from TV Azteca, investments accounted for under the equity method, prepaid ground lease assets, long-term deposits, favorable leasehold interests and other non-current assets.
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Derivatives Financial Instruments | Derivative Financial Instruments—All derivatives are recorded on the consolidated balance sheet at fair value. Derivatives in an asset position are reflected in notes receivable and other non-current assets and derivatives in a liability position are reflected in other non-current liabilities in the accompanying consolidated balance sheets. If a derivative is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded in accumulated other comprehensive (loss) income and are recognized in the results of operations when the hedged item affects earnings. Ineffective portions of changes in the fair value of cash flow hedges are recognized in the results of operations. For derivative instruments not designated as hedging instruments, changes in fair value are recognized in the results of operations in the period that the change occurs.
The Company is exposed to certain risks related to its ongoing business operations. The primary risk managed through the use of derivative instruments is interest rate risk. From time to time, the Company enters into interest rate swap agreements to manage exposure on the variable rate debt under its credit facilities and to manage variability in cash flows relating to forecasted interest payments. Under these agreements, the Company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract. The Company's credit risk exposure is limited to the current value of the contract at the time the counterparty fails to perform. The Company may also enter into forward starting interest rate swap agreements and treasury lock agreements, which the Company designates as cash flow hedges, to manage exposure to variability in cash flows relating to forecasted interest payments in connection with the likely issuance of new fixed rate debt. Settlement gains and losses on terminations of these forward starting interest rate swap agreements are recorded in other comprehensive income (loss), net of taxes, and amortized to interest expense over the term of the newly issued debt.
The Company assesses, both at the inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items. The Company does not hold derivatives for trading purposes.
The Company may also enter into foreign currency financial instruments in anticipation of future transactions in order to minimize the risk of currency fluctuations. These transactions do not typically qualify for hedge accounting, and as a result, the associated gains and losses are recognized in other income (expense) in the consolidated statements of operations.
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Fair Value Measurements | Fair Value Measurements— The Company determines the fair values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following are three levels of inputs that may be used to measure fair value:
Level 1 Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.
Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
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Discount and Premium on Notes | Discount and Premium on Notes—The Company amortizes the discounts and premiums on its notes using the effective interest method over the term of the obligation. Such amortization is reflected in interest expense in the accompanying consolidated statements of operations.
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Accounts Payable and Accrued Expense | Accounts Payable and Accrued Expenses—Accounts payable and accrued expenses primarily include amounts payable to vendors in the ordinary course and amounts payable to sellers in conjunction with acquisitions.
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Asset Retirement Obligations | Asset Retirement Obligations—The fair value of asset retirement obligations associated with an entity's obligation to retire tangible long-lived assets is recognized in the period in which it is incurred and can be reasonably estimated. Such asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset and depreciated over the asset's estimated useful life or captured as a component of purchase accounting. Fair value estimates of asset retirement obligations generally involve discounting of estimated future cash flows. Periodic accretion of such liabilities due to the passage of time is recorded as an operating expense. Adjustments are also made to the asset retirement obligation liability to reflect changes in the estimates of timing and amount of expected cash flows, with an offsetting adjustment made to the related tangible long-lived asset.
The Company has certain obligations related to tower assets, which are principally obligations to remediate leased land on which certain of the Company's tower assets are located which require the recognition of an asset retirement obligation. The significant assumptions used in estimating the Company's aggregate asset retirement obligation are: timing of tower removals; cost of tower removals; timing and number of land lease renewals; expected inflation rates; and credit-adjusted risk-free interest rates that approximate the Company's incremental borrowing rate. |
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Income Taxes | Income Taxes—The consolidated financial statements reflect provisions for federal, state, local and foreign income taxes. The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, as well as operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carryforwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities as a result of a change in tax rates is recognized in income in the period that includes the enactment date. At December 31, 2011, the Company reversed its deferred tax assets and liabilities related to its REIT activities as a result of a reduction of the expected tax rate. As a REIT, the Company will not pay federal income tax with respect to its QRSs because a dividends paid deduction will be available to offset its taxable income. Additionally, the Company will be permitted to use net operating losses (“NOLs”) to offset its REIT taxable income. The Company does not expect to pay federal income taxes on its REIT taxable income.
The Company provides valuation allowances if, based on the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized within a reasonable period of time. The Company also periodically reviews its valuation allowances on deferred tax assets to reduce these amounts to the amount that management believes is more likely than not to be realized.
The Company classifies uncertain tax positions as non-current income tax liabilities unless expected to be paid within one year. The Company reports penalties and tax-related interest expense as a component of the provision for income taxes and interest income from tax refunds as a component of other income in the consolidated statement of operations. |
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Other Comprehensive (Loss) Income | Other Comprehensive (Loss) Income—Other comprehensive (loss) income refers to revenues, expenses, gains and losses that are included in other comprehensive (loss) income, but excluded from net income, as these amounts are recorded directly as an adjustment to equity, net of tax. The Company's other comprehensive (loss) income is comprised of changes in fair value of derivative cash flow hedges, unrealized losses in available-for-sale securities, foreign currency translation adjustments and reclassification of unrealized losses on derivative cash flow hedges and available-for-sale securities as summarized in the accompanying consolidated statement of other comprehensive (loss) income.
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Treasury Stock | Treasury Stock—The Company records treasury stock purchases using the cost method, whereby the purchase price, including legal costs and commissions, is recorded in a contra equity account (treasury stock). The equity accounts from which the shares were originally issued are not adjusted for any treasury stock purchases unless and until such time as the shares are formally retired. As part of the REIT Conversion, all treasury stock outstanding at the time was retired. |
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Dividends | Distributions— A REIT must annually distribute to its stockholders an amount equal to at least 90% of its REIT taxable income (determined before the deduction for distributed earnings and excluding any net capital gain). During the year ended December 31, 2010, a pre-REIT year, there were no cash distributions declared. During the year ended December 31, 2011, the Company paid a one-time special cash distribution to its stockholders of approximately $137.8 million, or $0.35 per share, of earnings and profits accumulated during the years it was taxed as a C corporation, in anticipation of commencing to operate as a REIT effective January 1, 2012. During the year ended December 31, 2012, the Company declared and paid distributions of its REIT taxable income of $355.6 million, or $0.90 per share. The amount, timing and frequency of future distributions will be at the sole discretion of the Board of Directors and will be declared based upon various factors, a number of which may be beyond the Company's control, including the financial condition and operating cash flows, the amount required to maintain REIT status and reduce any income and excise taxes that the Company otherwise would be required to pay, limitations on distributions in our existing and future debt instruments, the Company's ability to utilize NOLs to offset, in whole or in part, the Company's distribution requirements, limitations on its ability to fund distributions using cash generated through its TRSs and other factors that the Board of Directors may deem relevant. |
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Acquisitions | Acquisitions—For transactions that meet the definition of a business combination, the Company allocates the purchase price, including any contingent consideration, to the assets acquired and the liabilities assumed at their estimated fair values as of the date of the acquisition with any excess of the purchase price paid over the estimated fair value of net assets acquired recorded as goodwill. For transactions that do not meet the definition of a business combination, the Company first allocates the purchase price to property and equipment for the fair value of the towers and to identifiable intangible assets (primarily acquired customer-related and network location intangibles). The fair value of the assets acquired and liabilities assumed is typically determined by using either estimates of replacement costs or discounted cash flow valuation methods. When determining the fair value of tangible assets acquired, the Company must estimate the cost to replace the asset with a new asset, adjusted for an estimated reduction in fair value due to depreciation, and the economic useful life. When determining the fair value of intangible assets acquired, the Company must estimate the applicable discount rate and the timing and amount of future customer cash flows. The determination of the final purchase price and the acquisition-date fair value of identifiable assets acquired and liabilities assumed may extend over more than one period and result in adjustments to the preliminary estimate recognized in the prior period financial statements.
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Revenue Recognition | Revenue Recognition—Rental and management revenues are recognized on a monthly basis under lease or management agreements when earned and when collectability is reasonably assured. Fixed escalation clauses present in non-cancellable lease agreements, excluding those tied to the Consumer Price Index (“CPI”) or other inflation-based indices, and other incentives present in lease agreements with the Company's tenants are recognized on a straight-line basis over the fixed, non-cancellable terms of the applicable leases and included in the deferred rent asset on the accompanying consolidated balance sheet. Total rental and management straight-line revenues for the years ended December 31, 2012, 2011 and 2010 approximated $165.8 million, $144.0 million and $105.2 million, respectively. Amounts billed up-front for certain services provided in connection with the execution of lease agreements are initially deferred and recognized as revenue over the initial terms of the applicable leases. Amounts billed or received prior to being earned are deferred and reflected in unearned revenue in the accompanying consolidated balance sheets until the criteria for recognition has been met.
Network development services revenues are derived under contracts or arrangements with tenants that provide for billings on a fixed price basis. Revenues are recognized as services are performed, excluding certain fees for services provided in connection with the execution of lease agreements which are initially deferred and recognized as revenue over the initial terms of the applicable leases. Amounts billed or received prior to being earned are deferred and reflected in unearned revenue in the accompanying consolidated balance sheets until the criteria for recognition has been met.
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Rent Expense | Rent Expense—Many of the leases underlying the Company's tower sites have fixed rent escalations, which provide for periodic increases in the amount of ground rent payable by the Company over time. The Company calculates straight-line ground rent expense for these leases based on the fixed non-cancellable term of the underlying ground lease plus all periods, if any, for which failure to renew the lease imposes an economic penalty to the Company such that renewal appears to be reasonably assured. Certain of the Company's tenant leases require the Company to exercise available renewal options pursuant to the underlying ground lease, if the tenant exercises its renewal option. For towers with these types of tenant leases at the inception of the ground lease, the Company calculates its straight-line ground rent over the term of the ground lease, including all renewal options required to fulfill the tenant lease obligation.
Total rental and management straight-line ground rent expense approximated $33.7 million, $31.0 million and $22.3 million, for the years ended December 31, 2012, 2011 and 2010, respectively. In addition to the straight-line ground rent expense recorded by the Company, the Company also records its straight-line rent liability in other non-current liabilities and records prepaid ground rent in prepaid and other current assets and notes receivable and other non-current assets in the accompanying consolidated balance sheets.
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Selling, General, Administrative and Development Expense | Selling, General, Administrative and Development Expense—Selling, general and administrative expense consists of overhead expenses related to the Company's rental and management and services operations and corporate overhead costs not specifically allocable to any of the Company's individual business operations. Development expense consists of costs related to the Company's acquisition efforts, costs associated with new business initiatives and abandoned site and acquisition costs.
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Stock-Based Compensation | Stock-Based Compensation—Stock-based compensation cost is measured at the accounting measurement date based on the fair value of the award and this fair value is then recognized as an expense over the service period, which generally represents the vesting period. The expense recognized over the service period is required to include an estimate of awards that will not fully vest and be forfeited. The Company calculates the fair value of stock options using the Black-Scholes option-pricing model and the fair value of restricted stock units based on the fair value of the units at the grant date. The Company's stock-based compensation expense is recognized in either selling, general, administrative and development expense, costs of operations or capitalized as part of the Company's cost to construct tower assets.
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Litigation Costs | Litigation Costs—The Company periodically becomes involved in various claims and lawsuits that are incidental to its business. The Company regularly monitors the status of pending legal actions to evaluate both the magnitude and likelihood of any potential loss. The Company accrues for these potential losses when it is probable that a liability has been incurred and the amount of loss, or possible range of loss, can be reasonably estimated. Should the ultimate losses on contingencies or litigation vary from estimates, adjustments to those liabilities may be required. The Company also incurs legal costs in connection with these matters and records estimates of these expenses, which are reflected in selling, general, administrative and development expense in the accompanying consolidated statements of operations |
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Other Operating Expenses | Other Operating Expenses—Other operating expenses includes the costs incurred by the Company in conjunction with acquisitions and mergers (including changes in estimated fair value of contingent consideration), impairments on long-lived assets and gains and losses recognized upon the disposal of long-lived assets and other discrete items of a non-recurring nature.
The Company expenses acquisition and merger related costs in the period in which they are incurred and services are received. Acquisition and merger related costs may include finder's fees, advisory, legal, accounting, valuation and other professional or consulting fees and general administrative costs. During the years ended December 31, 2012, 2011 and 2010, the Company recognized acquisition and merger related expenses of $25.6 million, $28.1 million and $17.0 million, respectively.
The Company reviews long-lived assets, including intangible assets subject to amortization, for impairment whenever events, changes in circumstances or other evidence indicate that the carrying amount of the Company's assets may not be recoverable.
The Company reviews its tower portfolio and network location intangible assets for indications of impairment on an individual tower basis. Impairments primarily result from a tower not having current tenant leases or from having expenses in excess of revenues. The Company monitors its customer related intangible assets on a customer by customer basis for indications of impairment, such as high levels of turnover or attrition, non-renewal of a significant number of contracts, or the cancellation or termination of a relationship. The Company assesses recoverability by determining whether the carrying value of the related assets will be recovered, either through projected undiscounted future cash flows or anticipated proceeds from sales of the assets. If the Company determines that the carrying value of an asset may not be recoverable, the Company will measure any impairment loss based on the projected future discounted cash flows to be provided from the asset or available market information relative to the asset's fair market value, as compared to the asset's carrying value. The Company records any related impairment charge in the period in which the Company identifies such impairment.
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Loss on Retirement of Long-Term Obligations | Loss on Retirement of Long-Term Obligations—Loss on retirement of long-term obligations primarily includes cash paid to retire debt in excess of its carrying value, cash paid to holders of convertible notes in connection with note conversions and non-cash charges related to the write-off of deferred financing fees. Loss on retirement of long-term obligations also includes gains from repurchasing or refinancing certain of the Company's debt obligations. |
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Earnings Per Common Share-Basic and Diluted | Earnings Per Common Share—Basic and Diluted—Basic income from continuing operations per common share for the years ended December 31, 2012, 2011 and 2010 represents income from continuing operations attributable to American Tower Corporation divided by the weighted average number of common shares outstanding during the period. Diluted income from continuing operations per common share for the years ended December 31, 2012, 2011 and 2010 represents income from continuing operations attributable to American Tower Corporation divided by the weighted average number of common shares outstanding during the period and any dilutive common share equivalents, including unvested restricted stock, shares issuable upon exercise of stock options and warrants as determined under the treasury stock method and upon conversion of the Company's convertible notes, as determined under the if-converted method.
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Retirement Plan | Retirement Plan—The Company has a 401(k) plan covering substantially all employees who meet certain age and employment requirements. The Company's matching contribution for the years ended December 31, 2012, 2011 and 2010 is 50% up to a maximum 6% of a participant's contributions. For the years ended December 31, 2012, 2011 and 2010, the Company contributed approximately $4.4 million, $2.9 million and $1.9 million to the plan, respectively. |
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Accounts Payable And Accrued Expense [Policy Text Block] No definition available.
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Change In Presentation [Policy Text Block] No definition available.
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Policy on deferred rent asset No definition available.
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Discount and Premium on Notes Policy No definition available.
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Dividends Policy No definition available.
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Loss on Retirement of Long-Term Obligations Policy [Text Block] No definition available.
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Notes Receivable and Other Long-Term Assets [Policy Text Block] No definition available.
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Other Operating Expenses Policy [Text Block] No definition available.
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Policy on REIT Conversion No definition available.
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Rent Expense Policy [Text Block] No definition available.
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Significant Accounting Policies and Use of Estimates Policy [Text Block] No definition available.
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Disclosure of accounting policy for (1) legal obligations associated with the disposal or removal of a long-lived asset from service that result from the acquisition, construction, or development or from the normal operation of a long-lived asset (except obligations of a lessee in connection with leased property that are minimum lease payments or contingent rentals, or obligations that arise solely from a plan to sell or otherwise dispose of a long-lived asset); and (2) certain environmental remediation liabilities that resulted from the improper or other-than-normal operation of a long-lived asset. This accounting policy may address (1) whether the related remediation costs are expensed or capitalized, (2) whether the obligation is measured on a discounted basis, (3) the event, situation, or set of circumstances that generally triggers recognition of loss contingencies arising from the entity's environmental remediation-related obligations, and (4) the timing of recognition of any recoveries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for completed business combinations (purchase method, acquisition method or combination of entities under common control). This accounting policy may include a general discussion of the purchase method or acquisition method of accounting (including for example, the treatment accorded contingent consideration, the identification of assets and liabilities, the purchase price allocation process, how the fair values of acquired assets and liabilities are determined) and the entity's specific application thereof. An entity that acquires another entity in a leveraged buyout transaction generally discloses the accounting policy followed by the acquiring entity in determining the basis used to value its interest in the acquired entity, and the rationale for that accounting policy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for salaries, bonuses, incentive awards, postretirement and postemployment benefits granted to employees, including equity-based arrangements; discloses methodologies for measurement, and the bases for recognizing related assets and liabilities and recognizing and reporting compensation expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for comprehensive income. No definition available.
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Disclosure of accounting policy for credit risk. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for its derivative instruments and hedging activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for legal costs incurred to protect or defend the entity's assets and rights, or to obtain assets, including monetary damages, or to obtain rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The entire disclosure for the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Disclosure of accounting policy for plans, other than pension plans, that provide postretirement benefits (including both defined benefit and defined contribution plans). This accounting policy may address (1) the types of plans sponsored by the entity, and the benefits provided by each plan (2) groups that participate in (or are covered by) each plan (3) how plan assets, liabilities and expenses are measured, including the use of any actuaries and (4) significant assumptions used by the entity to value plan assets and liabilities and how such assumptions are derived. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for property, plant and equipment which may include the basis of such assets, depreciation methods used and estimated useful lives, the entity's capitalization policy, including its accounting treatment for costs incurred for repairs and maintenance activities, whether such asset balances include capitalized interest and the method by which such is calculated, how disposals of such assets are accounted for and how impairment of such assets is assessed and recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of accounting policy for inclusion of significant items in the selling, general and administrative (or similar) expense report caption. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The entire disclosure for an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation. No definition available.
|
Business and Summary of Significant Accounting Policies (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Discription of Business Basis Of Presentation And Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Changes in allowances |
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X | ||||||||||
- Definition
Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Prepaid And Other Current Assets (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Prepaid Expense and Other Assets, Current [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepaid expenses and other current assets |
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X | ||||||||||
- Definition
Schedule of prepaid and other current assets No definition available.
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X | ||||||||||
- Details
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Property and Equipment (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Property and Equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment (including assets held under capital leases) |
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Other Intangible Assets (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Changes in the carrying value of goodwill |
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Finite Intangible Assets |
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Expected future amortization expenses |
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of the estimated aggregate amortization expense for intangible assets subject to amortization for each of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Notes Receivable and Other Long-Term Assets (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Notes Receivable And Other Long Term Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes receivable and othernon-current assets |
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Schedule Of Notes Receivables And Other Long Term Assets [Table Text Block] No definition available.
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Acquisitions and Other Transactions (Tables)
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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South Africa Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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South Africa 2012 Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Brazil Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Ghana Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Mexico Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Mexico 2012 Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Mexico 2012 DEC Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Colombia Moviles 2011 Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Colombia Moviles 2012 Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Colombia Movil Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Chile Moviles Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Uganda Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Germany Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Skyway Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Diamond Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Other U.S. Acquisition 2012 [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Other U.S. Acquisition 2011 Member
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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U.S. Property Interest - Unison Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Fair Value Of Consideration Transferred [Table Text Block] |
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U.S. Property Interest - Other Acquisition [Member]
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Schedule of aggregate purchase consideration paid and the amount of assets acquired |
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Fair Value Of Consideration Transferred [Table Text Block] |
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X | ||||||||||
- Definition
The fair value of consideration transferred to seller No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accrued Expenses (Tables)
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Accrued Liabilities Current [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accrued Liabilities |
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- Details
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- Definition
Tabular disclosure of the components of accrued liabilities. No definition available.
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Long-Term Obligations (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Long-Term Obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term financing arrangements |
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Aggregate carrying value of long-term debt, including capital leases |
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- Details
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X | ||||||||||
- Definition
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Non-Current Liabilities (Tables)
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Other Liabilities, Noncurrent [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other non-current liabilities |
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- Definition
Schedule Of Other Long Term Liabilities Table Text Block No definition available.
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- Details
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Asset Retirement Obligations (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Asset Retirement Obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value of asset retirement obligations |
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- Details
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- Definition
Tabular disclosure of the carrying amount of a liability for asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Derivative Financial Instruments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of derivative financial instruments |
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Schedule of interest rate swap agreements' impact on other comprehensive income |
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Schedule of other comprehensive (loss) income included in derivative financial instruments |
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- Definition
Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Fair Value Measurements (Tables)
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
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Schedule Of Business Acquisitions Contingent Consideration Change [Table Text Block] |
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Income Taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income tax provision from continuing operations |
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Components of income from continuing operations before income taxes and income on equity method investments |
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Reconciliation between the U.S. statutory rate and the effective rate from continuing operations |
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Components of the net deferred tax asset and related valuation allowance |
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Net operating loss carryforwards expire |
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Change in unrecognized tax benefit |
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- Details
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- Definition
Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of income before income tax between domestic and foreign jurisdictions. No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of the change in unrecognized tax benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock-Based Compensation (Tables)
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Dec. 31, 2012
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Stock-Based Compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumptions used to determine the grant date fair value for options granted |
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Summary of the company's option activity |
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Schedule of options outstanding |
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Summary of the company's restricted stock unit activity |
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Schedule of employee stock purchase plan valuation assumptions |
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X | ||||||||||
- Definition
Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Distributions (Table)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Stockholders' Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Dividends [Table Text Block] |
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- Definition
Tabular disclosure of dividend related information as of the reporting date. No definition available.
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- Details
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Earnings Per Common Share (Tables)
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Earnings Per Common Share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of earnings per basic and diluted by common class |
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- Definition
Tabular disclosure of the reconciliation of basic net earnings per share (or unit) to diluted earnings per share (or unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies (Tables)
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Dec. 31, 2012
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Commitments And Contingencies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Future minimum rental payments under non-cancelable operating leases |
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Future minimum payments under capital leases |
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Future minimum rental receipts under operating lease agreements |
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- Definition
Future minimum rental receipts under operating lease agreements No definition available.
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- Definition
Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Supplemental Cash Flow Information (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Supplemental cash flow information and non-cash investing and financing activities |
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- Definition
Tabular disclosure of supplemental cash flow information for the periods presented. No definition available.
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- Details
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Business Segments (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2010
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Business Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summarized financial information concerning the company's reportable segments |
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Reconciliation of Assets from Segment to Consolidated [Text Block] |
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Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area |
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Schedule of disclosure on geographic areas, long-lived assets |
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ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock |
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- Definition
Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Selected Quarterly Financial Data (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Selected Quarterly Financial Data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of quarterly financial information |
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X | ||||||||||
- Definition
Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Business and Summary of Significant Accounting Policies (Narrative) (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Concentration of credit risk, revenues from four customers | 51.00% | ||
Short-term investments | $ 6,018,000 | $ 22,300,000 | |
Available for sale securities, shares of common stock | 39,871 | ||
Net unrealized (loss) gain on available-for-sale securities, net of tax | 0 | (104,000) | 7,000 |
Property, Plant and Equipment, Useful Life | 20 years | ||
Straight line revenue | 165,800,000 | 144,000,000 | 105,200,000 |
Straight-line ground rent expense | 33,700,000 | 31,000,000 | 22,300,000 |
Aquisition and merger related expense | 25,600,000 | 28,100,000 | 17,000,000 |
Company contribution | 4,400,000 | 2,900,000 | 1,900,000 |
Other comprehensive income (loss), available-for-sale securities, tax | 0 | (65,000) | 4,000 |
Balance of unrealized gains (losses) included in other accumulated other comprehensive income, net of taxes at the end of the period. | 400,000 | ||
Payments of Ordinary Dividends, Common Stock | 355,574,000 | 137,765,000 | 0 |
Cash distribution per share | $ 0.90 | $ 0.35 | |
Interest Costs Capitalized | 1,900,000 | 2,100,000 | 1,000,000 |
Labor Costs Capitalized | 41,600,000 | 35,600,000 | 31,900,000 |
Defined Contribution Plan, Employer Matching Contribution, Percent | 50.00% | ||
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent | 6.00% | ||
Fiber Tower Corporation [Member]
|
|||
Available for sale securities, common stock price per share | $ 0.21 | ||
Short-term available-for-sale security common stock value | 100,000 | ||
Currency Exchange Brazilian Real [Member]
|
|||
Impact of change in functional currency in AOCI | 39,800,000 | ||
Currency Exchange Mexican Peso [Member]
|
|||
Impact of change in functional currency in AOCI | $ 33,600,000 |
X | ||||||||||
- Definition
Available for Sale Securities, Common Stock Price Per Share No definition available.
|
X | ||||||||||
- Definition
Available for Sale Securities, Shares of Common Stock No definition available.
|
X | ||||||||||
- Definition
Concentrations Of Credit Risk Revenues From Customers No definition available.
|
X | ||||||||||
- Definition
Cahs distribution to stockholders per share amount No definition available.
|
X | ||||||||||
- Definition
Impact Of Change In Functional Currency In AOCI No definition available.
|
X | ||||||||||
- Definition
Amount of interest capitalized during the period. No definition available.
|
X | ||||||||||
- Definition
Straight-line ground rent expense recognized over the term of non-cancellable ground leases that contain fixed escalation clauses. No definition available.
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X | ||||||||||
- Definition
Straight-line revenue recognized over the term of non-cancellable tenant leases that contain fixed escalation clauses. No definition available.
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X | ||||||||||
- Definition
Accumulated appreciation or loss, net of tax, in value of the total of available-for-sale securities at the end of an accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of direct costs of the business combination including legal, accounting, and other costs incurred to consummate the business acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of the cost recognized during the period for defined contribution plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Percentage of employees' gross pay for which the employer contributes a matching contribution to a defined contribution plan. No definition available.
|
X | ||||||||||
- Definition
Maximum percentage of employee gross pay, by the terms of the plan, that the employer may contribute to a defined contribution plan. No definition available.
|
X | ||||||||||
- Definition
Amount of interest capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tax effect of the appreciation (loss) in the value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Other investments not otherwise specified in the taxonomy that will be realized in a short period of time, usually less than one year or the normal operating cycle, whichever is longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Cash outflow in the form of ordinary dividends to common shareholders, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
Business and Summary of Significant Accounting Policies (Changes in Allowances) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Discription of Business Basis Of Presentation And Disclosure [Abstract] | |||
Balance as of January 1, | $ 24,412 | $ 22,505 | $ 28,520 |
Current year increases | 8,028 | 17,008 | 16,219 |
Write-offs, net of recoveries and other | (12,034) | (15,101) | (22,234) |
Balance as of December 31, | $ 20,406 | $ 24,412 | $ 22,505 |
X | ||||||||||
- Definition
Allowance For Doubtful Accounts Receivable Period Increase No definition available.
|
X | ||||||||||
- Definition
Allowance For Doubtful Accounts Receivable Write Offs, Net No definition available.
|
X | ||||||||||
- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
Prepaid and Other Current Assets (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
|||
---|---|---|---|---|---|
Prepaid Expense and Other Assets, Current [Abstract] | |||||
Prepaid income tax | $ 57,665 | $ 31,384 | [1] | ||
Prepaid operating ground leases | 56,916 | 49,585 | [1] | ||
Value added tax and other consumption tax receivables | 22,443 | 81,276 | [1] | ||
Prepaid assets | 19,037 | 28,031 | [1] | ||
Other miscellaneous current assets | 66,790 | 59,997 | [1] | ||
Balance as of December 31, | $ 222,851 | $ 250,273 | [1] | ||
|
X | ||||||||||
- Definition
Prepaid Income Tax No definition available.
|
X | ||||||||||
- Definition
Prepaid Operating Ground Leases No definition available.
|
X | ||||||||||
- Definition
Value added tax and other consumption tax receivables No definition available.
|
X | ||||||||||
- Definition
Carrying amount, as of the balance sheet date, of current assets which have not been itemized or categorized in the footnotes to the financial statements and are a component of Other Assets, Current (OtherAssetsCurrent). Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). No definition available.
|
X | ||||||||||
- Definition
The total of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer, and the aggregate carrying amount of current assets, as of the balance sheet date, not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Sum of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Property and Equipment (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Property and Equipment | |||
Depreciation expense | $ 411.9 | $ 353.4 | $ 286.0 |
Capital Leases, Balance Sheet, Assets by Major Class, Net | $ 868.3 | $ 790.5 |
X | ||||||||||
- Definition
The total gross amount less the charge for the use of the long-lived depreciable assets subject to a lease meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Property and Equipment (Property and Equipment (Including Assets Held Under Capital Leases)) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
|||||||||
Towers | $ 6,929,888 | [1] | $ 6,036,484 | [1] | ||||||
Equipment | 560,009 | 459,070 | [1] | |||||||
Buildings and improvements | 424,213 | 369,561 | [1] | |||||||
Land and improvements | 1,005,857 | [2] | 868,664 | [1],[2] | ||||||
Construction-in-progress | 151,289 | 155,585 | [1] | |||||||
Total | 9,071,256 | 7,889,364 | [1] | |||||||
Less accumulated depreciation and amortization | (3,281,261) | (2,907,642) | [1] | |||||||
Property and equipment, net | $ 5,789,995 | $ 4,981,722 | [1] | |||||||
Property, Plant and Equipment, Useful Life | 20 years | |||||||||
Tower [Member] | Maximum
|
||||||||||
Property, Plant and Equipment, Useful Life | 20 years | [3] | ||||||||
Tower [Member] | Minimum
|
||||||||||
Property, Plant and Equipment, Useful Life | 0 years | [3] | ||||||||
Equipment [Member] | Maximum
|
||||||||||
Property, Plant and Equipment, Useful Life | 15 years | [3] | ||||||||
Equipment [Member] | Minimum
|
||||||||||
Property, Plant and Equipment, Useful Life | 3 years | [3] | ||||||||
Buildings and Improvements [Member] | Maximum
|
||||||||||
Property, Plant and Equipment, Useful Life | 31 years | [3] | ||||||||
Buildings and Improvements [Member] | Minimum
|
||||||||||
Property, Plant and Equipment, Useful Life | 3 years | [3] | ||||||||
Land and Improvements [Member] | Maximum
|
||||||||||
Property, Plant and Equipment, Useful Life | 20 years | [3] | ||||||||
Land and Improvements [Member] | Minimum
|
||||||||||
Property, Plant and Equipment, Useful Life | 3 years | [3] | ||||||||
|
X | ||||||||||
- Definition
Towers Asset Balance Gross No definition available.
|
X | ||||||||||
- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount, at the balance sheet date, of long-lived assets under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of real estate held for productive use and alterations to land which improves its potential for use, examples include, but are not limited to, walkways, driveways, fences, and parking lots. Excludes land held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount, as of the balance sheet date, of long-lived, depreciable assets used in the production process to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
Goodwill and Other Intangible Assets (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
y
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Weighted average amortization period of intangible assets, years | 13 | ||
Amortization of intangible assets | $ 207.3 | $ 176.4 | $ 156.1 |
X | ||||||||||
- Definition
Weighted average remaining amortization period No definition available.
|
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Goodwill and Other Intangible Assets (Rollforwardl) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2012
|
||||
Goodwill, Beginning Balance | $ 2,676,290 | [1] | ||
Additions | 248,116 | |||
Effect of foreign currency translation | (12,360) | |||
Goodwill, Ending Balance | 2,912,046 | |||
Rental And Management [Member] | Domestic [Member]
|
||||
Goodwill, Beginning Balance | 2,249,444 | [1] | ||
Additions | 92,420 | |||
Effect of foreign currency translation | 0 | |||
Goodwill, Ending Balance | 2,341,864 | |||
Rental And Management [Member] | International [Member]
|
||||
Goodwill, Beginning Balance | 424,846 | [1] | ||
Additions | 155,696 | |||
Effect of foreign currency translation | (12,360) | |||
Goodwill, Ending Balance | 568,182 | |||
Network Development Services [Member]
|
||||
Goodwill, Beginning Balance | 2,000 | [1] | ||
Additions | 0 | |||
Effect of foreign currency translation | 0 | |||
Goodwill, Ending Balance | $ 2,000 | |||
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of goodwill acquired in the period and allocated to the reportable segment. The value is stated at fair value based on the purchase price allocation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) to the recorded value of goodwill for foreign currency translation adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Goodwill and Other Intangible Assets (Changes in the Carrying Value of Goodwill) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2012
Acquired Network Location [Member]
|
Dec. 31, 2011
Acquired Network Location [Member]
|
Dec. 31, 2012
Acquired Network Location [Member]
Maximum
|
Dec. 31, 2012
Acquired Network Location [Member]
Minimum
|
Dec. 31, 2012
Acquired Customer Base [Member]
|
Dec. 31, 2011
Acquired Customer Base [Member]
|
Dec. 31, 2012
Acquired Customer Relationships [Member]
Maximum
|
Dec. 31, 2012
Acquired Customer Relationships [Member]
Minimum
|
Dec. 31, 2012
Acquired Licenses And Other Intangibles [Member]
|
Dec. 31, 2011
Acquired Licenses And Other Intangibles [Member]
|
Dec. 31, 2012
Acquired Licenses And Other Intangibles [Member]
Maximum
|
Dec. 31, 2012
Acquired Licenses And Other Intangibles [Member]
Minimum
|
Dec. 31, 2012
Economic Rights, TV Azteca [Member]
|
Dec. 31, 2011
Economic Rights, TV Azteca [Member]
|
Dec. 31, 2012
Economic Rights, TV Azteca [Member]
Maximum
|
Dec. 31, 2012
Economic Rights, TV Azteca [Member]
Minimum
|
||||||||||||||
Gross Carrying Value | $ 4,800,651 | $ 3,977,778 | [1] | $ 1,696,922 | [2] | $ 1,537,748 | [1],[2] | $ 3,048,696 | $ 2,387,179 | [1] | $ 26,079 | $ 25,949 | [1] | $ 28,954 | $ 26,902 | [1] | |||||||||||||||
Accumulated Amortization | (1,735,136) | (1,530,257) | [1] | (721,135) | [2] | (654,137) | [1],[2] | (979,264) | (843,432) | [1] | (20,835) | (20,045) | [1] | (13,902) | (12,643) | [1] | |||||||||||||||
Net Book Value | 3,065,515 | 2,447,521 | [1] | 975,787 | [2] | 883,611 | [1],[2] | 2,069,432 | 1,543,747 | [1] | 5,244 | 5,904 | [1] | 15,052 | 14,259 | [1] | |||||||||||||||
Deferred financing costs, net | 49,538 | [3] | 47,532 | [1],[3] | |||||||||||||||||||||||||||
Other intangible assets, net | $ 3,115,053 | $ 2,495,053 | [1] | ||||||||||||||||||||||||||||
Economic rights agreement useful life, years | 20 years | 0 years | 20 years | 15 years | 20 years | 3 years | 70 years | 70 years | |||||||||||||||||||||||
|
X | ||||||||||
- Definition
Net amount of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Goodwill and Other Intangible Assets (Expected Future Amortization Expenses) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
---|---|
Goodwill and Intangible Assets Disclosure [Abstract] | |
2013 | $ 211,770 |
2014 | 203,439 |
2015 | 189,129 |
2016 | 182,149 |
2017 | $ 180,515 |
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the next fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fourth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the third fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the second fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Notes Receivable and Other Non-Current Assets (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2012
y
|
Dec. 31, 2000
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Economic Rights, TV Azteca [Member]
|
||||
Number of broadcast towers | 190 | |||
Commercial Rights, Annual Payment | $ 1.5 | |||
Percentage of the revenues from leasing of towers | 100.00% | |||
Right to purchase economic rights, years | 50 | |||
Capital lease originally recorded, assets | 18.6 | |||
Capital lease originally recorded, liability | 18.6 | |||
Capital lease asset and discount on note | 30.2 | |||
TV Azteca [Member]
|
||||
Loans Receivable | 119.8 | 119.8 | 119.8 | |
Loan interest rate | 13.11% | |||
Loan discounted | 108.2 | 108.2 | 108.2 | |
Term of the loan, years | 70 | |||
Loan prepayment without penalty, period, years | 50 | |||
Economic rights agreement useful life, years | 70 years | |||
Grupo Iusacell [Member]
|
||||
Loans Receivable | 3.1 | |||
Other long-term notes receivable outstanding included in prepaid and other current assets | $ 12.5 | |||
Loan receivable interest rate | 12.00% | |||
Long-term note receivable original repayment period, years | 5 |
X | ||||||||||
- Definition
Aggregate Capital Lease Asset And Discount On Note No definition available.
|
X | ||||||||||
- Definition
The amount of corresponding capital lease assets initially recorded. No definition available.
|
X | ||||||||||
- Definition
The amount of corresponding capital lease liability initially recorded. No definition available.
|
X | ||||||||||
- Definition
Amount of the total commercial rights payments made during the annual reporting period. No definition available.
|
X | ||||||||||
- Definition
Loan discounted No definition available.
|
X | ||||||||||
- Definition
Loan Prepayment without Penalty, Period, Years No definition available.
|
X | ||||||||||
- Definition
Interest rate stated in the contractual loan agreement and payable to the Company. No definition available.
|
X | ||||||||||
- Definition
Long-Term Note Receivable Original Repayment Period, Years No definition available.
|
X | ||||||||||
- Definition
Number of broadcast towers No definition available.
|
X | ||||||||||
- Definition
Percentage of the revenues the Company is entitled to from the leasing of towers No definition available.
|
X | ||||||||||
- Definition
Period of the agreement during which TVAzteca is able to purchase the economic rights from the Company. No definition available.
|
X | ||||||||||
- Definition
Term of the Loan No definition available.
|
X | ||||||||||
- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Yield on the receivable, on which interest has been imputed, as calculated from its issuance value or purchase price. The calculated effective interest rate considers factors such as the issued face value or price paid for the receivable, the time period between payments, and the time until maturity [full receipt] of the receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Notes Receivable and Other Non-Current Assets (Notes Receivable and Other Non-Current Assets) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
|||
---|---|---|---|---|---|
Notes Receivable And Other Long Term Assets [Abstract] | |||||
Notes receivable | $ 114,256 | $ 118,892 | [1] | ||
Long-term prepaid assets | 176,094 | 167,975 | [1] | ||
Other miscellaneous assets | 162,438 | 208,748 | [1] | ||
Balance as of December 31 | $ 452,788 | $ 495,615 | [1] | ||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The aggregate of amounts due from customers or clients more than one year from the balance sheet date, for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money at a future date more than one year from the balance sheet date, reduced to their estimated net realizable fair value by an allowance established by the Company of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of noncurrent assets which have not been itemized or categorized in the footnotes to the financial statements and are a component of Other Assets, Noncurrent (OtherAssetsNoncurrent). Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). No definition available.
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of amounts paid in advance for expenses which will be charged against earnings in periods after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquitions and Other transactions (Narrative) (Details) (USD $)
|
12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2012
Domestic [Member]
|
Dec. 31, 2012
International [Member]
|
Nov. 04, 2010
South Africa Acquisition [Member]
sites
|
Dec. 31, 2012
South Africa Acquisition [Member]
|
Dec. 14, 2011
South Africa Acquisition [Member]
sites
|
Jul. 25, 2011
South Africa Acquisition [Member]
sites
|
Mar. 08, 2011
South Africa Acquisition [Member]
sites
|
Aug. 31, 2012
South Africa 2012 Acquisition [Member]
sites
|
Jul. 31, 2012
South Africa 2012 Acquisition [Member]
sites
|
Dec. 31, 2012
Brazil Acquisition [Member]
|
Dec. 31, 2011
Brazil Acquisition [Member]
sites
|
Mar. 01, 2011
Brazil Acquisition [Member]
sites
|
Jun. 30, 2012
Brazil Vivo Acquisition [Member]
sites
|
Mar. 30, 2012
Brazil Vivo Acquisition [Member]
sites
|
Aug. 31, 2012
Brazil Vivo Acquisition [Member]
sites
|
Dec. 31, 2012
Ghana Acquisition [Member]
|
Dec. 23, 2011
Ghana Acquisition [Member]
sites
|
Aug. 11, 2011
Ghana Acquisition [Member]
sites
|
May 06, 2011
Ghana Acquisition [Member]
sites
|
Dec. 06, 2010
Ghana Acquisition [Member]
|
Dec. 07, 2011
Mexico Acquisition [Member]
sites
|
Nov. 03, 2011
Mexico Acquisition [Member]
sites
|
Jul. 10, 2012
Mexico Acquisition [Member]
sites
|
Jun. 29, 2012
Mexico Acquisition [Member]
sites
|
Apr. 03, 2012
Mexico Acquisition [Member]
sites
|
Dec. 28, 2011
Mexico Acquisition [Member]
sites
|
Dec. 15, 2011
Mexico Acquisition [Member]
sites
|
Sep. 12, 2012
Mexico 2012 Acquisition [Member]
sites
|
Dec. 14, 2012
Mexico 2012 Acquisition [Member]
sites
|
Sep. 27, 2012
Mexico 2012 Acquisition [Member]
sites
|
Dec. 14, 2012
Mexico 2012 DEC Acquisition [Member]
sites
|
Nov. 16, 2012
Mexico 2012 DEC Acquisition [Member]
sites
|
Dec. 31, 2011
Colombia Moviles 2011 Acquisition [Member]
sites
|
Dec. 31, 2012
Colombia Moviles 2012 Acquisition [Member]
sites
|
Jul. 17, 2011
Colombia Movil Acquisition [Member]
sites
|
Dec. 31, 2012
Colombia Movil Acquisition [Member]
sites
|
Feb. 01, 2013
Colombia Movil Acquisition [Member]
sites
|
Dec. 11, 2012
Colombia Movil Acquisition [Member]
sites
|
Dec. 30, 2011
Chile Moviles Acquisition [Member]
sites
|
Dec. 08, 2011
Uganda Acquisition [Member]
sites
|
Dec. 31, 2012
Uganda Acquisition [Member]
|
Jun. 29, 2012
Uganda Acquisition [Member]
sites
|
Dec. 04, 2012
Germany Acquisition [Member]
sites
|
Dec. 20, 2012
Skyway Acquisition [Member]
sites
|
Dec. 28, 2012
Diamond Acquisition [Member]
sites
propertyinterests
|
Dec. 31, 2012
Other U.S. Acquisition 2012 [Member]
sites
|
Dec. 31, 2012
Us Acquisition 2012 Equity Method Investment Member [Member]
|
Oct. 14, 2011
U.S. Property Interest - Unison Acquisition [Member]
sites
propertyinterests
|
Oct. 21, 2011
U.S. Property Interest - Other Acquisition [Member]
propertyinterests
|
|
Aggregate purchase price | $ 430,000,000 | $ 214,500,000 | $ 35,000,000 | $ 585,300,000 | $ 585,400,000 | $ 553,200,000 | $ 126,300,000 | $ 151,700,000 | $ 32,700,000 | $ 517,700,000 | $ 515,600,000 | $ 323,300,000 | $ 121,900,000 | $ 63,500,000 | $ 64,200,000 | $ 17,500,000 | $ 4,700,000 | $ 182,000,000 | $ 136,200,000 | $ 1,300,000 | $ 94,900,000 | $ 173,200,000 | $ 171,500,000 | $ 525,700,000 | $ 169,600,000 | $ 322,500,000 | $ 146,200,000 | $ 800,000 | $ 312,002,000 | $ 72,595,000 | ||||||||||||||||||||
Contingent consideration | 2,600,000 | 2,300,000 | 2,300,000 | 17,300,000 | 200,000 | |||||||||||||||||||||||||||||||||||||||||||||
ValueAddedTaxReceivable | 12,300,000 | 4,300,000 | 65,600,000 | 65,600,000 | 44,700,000 | 16,700,000 | 8,800,000 | 8,900,000 | ||||||||||||||||||||||||||||||||||||||||||
Partial payment of aggregate purchase price | 144,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
BusinessAcquisitionCostOfAcquiredEntityCashPaid | 169,500,000 | 320,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Number of communications sites acquired | 76 | 329 | 959 | 39 | 197 | 39 | 627 | 700 | 800 | 192 | 686 | 770 | 400 | 3 | 74 | 55 | 1,422 | 584 | 2 | 279 | 125 | 31 | 1,526 | 13 | 558 | 962 | 2,031 | 318 | 316 | 128 | 12 | |||||||||||||||||||
Maximum number of communications sites to be acquired | 1,400 | 1,500 | 1,778 | 730 | 348 | 188 | 198 | 2,126 | 1,000 | |||||||||||||||||||||||||||||||||||||||||
Additional communications sites to be acquired | 1,800 | 300 | ||||||||||||||||||||||||||||||||||||||||||||||||
Number Of Property Interests Acquired | 24 | 1,910 | 240 | |||||||||||||||||||||||||||||||||||||||||||||||
Number of property interests acquired under third party sites | 1,810 | |||||||||||||||||||||||||||||||||||||||||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | 43,600,000 | 2,000,000 | 1,000,000 | 32,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Previous contingent consideration payments | 8,700,000 | 2,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Updated contingent consideration fair value | 1,900,000 | 900,000 | 17,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||
Ownership percentage | 51.00% | 51.00% | ||||||||||||||||||||||||||||||||||||||||||||||||
Ownership percentage by subsidiary | 25.00% | 49.00% | 49.00% | |||||||||||||||||||||||||||||||||||||||||||||||
Percentage of business acquired | 100.00% | 100.00% | 67.50% | |||||||||||||||||||||||||||||||||||||||||||||||
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | 3,900,000 | 400,000 | (1,200,000) | |||||||||||||||||||||||||||||||||||||||||||||||
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed | 100,000 | 2,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition Cost Of Acquired Entity, Purchase Price Reflected In Accounts Payable | 1,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition preexisting relationship settlement purchase price adjustment | (2,584,000) | (4,256,000) | ||||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt | 196,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition Purchase Price Allocation Noncurrent Liabilities Long Term Debt, Fair Value | 209,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 3,800,000 | 42,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Business combination pro forma information gross margin of acquiree since acquisition date actual | 2,800,000 | 20,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Contingent Consideration Term | 4 years | |||||||||||||||||||||||||||||||||||||||||||||||||
Number of communications sites returned | 15 | |||||||||||||||||||||||||||||||||||||||||||||||||
Equity Method Investment, Realized Gain (Loss) on Disposal | $ 200,000 |
X | ||||||||||
- Definition
Number Of Communications Additional Sites To Be Acquired No definition available.
|
X | ||||||||||
- Definition
The amount of previous contingent consideration payments made under the arrangment.. No definition available.
|
X | ||||||||||
- Definition
The total cost of the acquired entity reflected in accounts payable and accrued expenses at period end. No definition available.
|
X | ||||||||||
- Definition
Adjustment made to the acquisition date fair value of consideration transferred as a result of settling preexisting arrangements No definition available.
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to the noncurrent portion of the fair value of the long-term debt assumed from the acquired entity. No definition available.
|
X | ||||||||||
- Definition
This element represents the amount of gross margin of the acquiree since the acquisition date included in the consolidated income statement for the reporting period. No definition available.
|
X | ||||||||||
- Definition
Period of time after the intial closing within which the Company would be required to make a pyment to the seller. No definition available.
|
X | ||||||||||
- Definition
Number of property interests acquired under communications sites No definition available.
|
X | ||||||||||
- Definition
Number of property interests acquired under third party sites No definition available.
|
X | ||||||||||
- Definition
Number Of Communications Sites Acquired No definition available.
|
X | ||||||||||
- Definition
Number Of Sites Returned No definition available.
|
X | ||||||||||
- Definition
Maximum number of communications sites to be acquired under agreement No definition available.
|
X | ||||||||||
- Definition
Partial payment of aggregate purchase price No definition available.
|
X | ||||||||||
- Definition
Updated fair value, as of the end of peroid, of potential payments under the contingent consideration arrangement including cash and shares. No definition available.
|
X | ||||||||||
- Definition
Amount of potential cash payments that could result from the contingent consideration arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of voting equity interests acquired in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to the noncurrent portion of the long-term debt assumed from the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the amount of any change, including any differences arising upon settlement, recognized during the reporting period in the value of a liability, arising from an item of contingent consideration, assumed in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For contingent consideration arrangements recognized in connection with a business combination, this element represents an estimate of the high-end of the potential range (undiscounted) of the consideration which may be paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For contingent consideration arrangements and indemnification assets recognized in connection with a business combination, this element represents an estimate of the low-end of the potential range (undiscounted) of the consideration which may be paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the amount of revenue of the acquiree since the acquisition date included in the consolidated income statement for the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the amount of gain (loss) arising from the disposal of an equity method investment. No definition available.
|
X | ||||||||||
- Definition
The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
X | ||||||||||
- Definition
The total amount of [all] liabilities that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of value added taxes due either from customers arising from sales on credit terms, or as previously overpaid to tax authorities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisitions and Other Transactions (Schedule of Aggregate Purchase Consideration Paid and the Amount of Assets Acquired) (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
South Africa Acquisition [Member]
|
Dec. 14, 2011
South Africa Acquisition [Member]
|
Nov. 04, 2010
South Africa Acquisition [Member]
|
Dec. 31, 2012
South Africa Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
South Africa Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2011
South Africa Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
South Africa 2012 Acquisition [Member]
|
Aug. 31, 2012
South Africa 2012 Acquisition [Member]
|
Dec. 31, 2012
South Africa 2012 Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
South Africa 2012 Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Brazil Acquisition [Member]
|
Dec. 31, 2011
Brazil Acquisition [Member]
|
Mar. 01, 2011
Brazil Acquisition [Member]
|
Dec. 31, 2012
Brazil Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Brazil Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2011
Brazil Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Brazil Vivo Acquisition [Member]
|
Aug. 31, 2012
Brazil Vivo Acquisition [Member]
|
Jun. 30, 2012
Brazil Vivo Acquisition [Member]
|
Mar. 30, 2012
Brazil Vivo Acquisition [Member]
|
Dec. 31, 2012
Brazil Vivo Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Brazil Vivo Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Ghana Acquisition [Member]
|
Dec. 23, 2011
Ghana Acquisition [Member]
|
Dec. 31, 2012
Ghana Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Ghana Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2011
Ghana Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Mexico Acquisition [Member]
|
Jul. 10, 2012
Mexico Acquisition [Member]
|
Dec. 15, 2011
Mexico Acquisition [Member]
|
Dec. 31, 2012
Mexico Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Mexico Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2011
Mexico Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Mexico 2012 Acquisition [Member]
|
Dec. 14, 2012
Mexico 2012 Acquisition [Member]
|
Dec. 31, 2012
Mexico 2012 Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Mexico 2012 Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Mexico 2012 Dec Acquisition [Member]
|
Dec. 14, 2012
Mexico 2012 Dec Acquisition [Member]
|
Dec. 31, 2012
Mexico 2012 Dec Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Mexico 2012 Dec Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Colombia Moviles 2011 Acquisition [Member]
|
Dec. 31, 2011
Colombia Moviles 2011 Acquisition [Member]
|
Dec. 31, 2012
Colombia Moviles 2011 Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Colombia Moviles 2011 Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2011
Colombia Moviles 2011 Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Colombia Moviles 2012 Acquisition [Member]
|
Dec. 31, 2012
Colombia Moviles 2012 Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Colombia Moviles 2012 Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2012
Colombia Movil Acquisition [Member]
|
Feb. 01, 2013
Colombia Movil Acquisition [Member]
|
Jul. 17, 2011
Colombia Movil Acquisition [Member]
|
Dec. 31, 2012
Colombia Movil Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Colombia Movil Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2011
Colombia Movil Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Chile Moviles Acquisition [Member]
|
Dec. 30, 2011
Chile Moviles Acquisition [Member]
|
Dec. 31, 2012
Chile Moviles Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Chile Moviles Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2011
Chile Moviles Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Uganda Acquisition [Member]
|
Jun. 29, 2012
Uganda Acquisition [Member]
|
Dec. 31, 2012
Uganda Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Uganda Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Germany Acquisition [Member]
|
Dec. 04, 2012
Germany Acquisition [Member]
|
Dec. 31, 2012
Germany Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Germany Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Skyway Acquisition [Member]
|
Dec. 20, 2012
Skyway Acquisition [Member]
|
Dec. 31, 2012
Skyway Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Diamond Acquisition [Member]
|
Dec. 28, 2012
Diamond Acquisition [Member]
|
Dec. 31, 2012
Diamond Acquisition [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Diamond Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Other U.S. Acquisition 2012 [Member]
|
Dec. 31, 2012
Other U.S. Acquisition 2012 [Member]
Acquired Network Location [Member]
|
Dec. 31, 2012
Other U.S. Acquisition 2012 [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Other U.S. Acquisition 2011 Member
|
Dec. 31, 2012
Other U.S. Acquisition 2011 Member
Acquired Network Location [Member]
|
Dec. 31, 2012
Other U.S. Acquisition 2011 Member
Purchase Price Allocation [Member]
|
Dec. 31, 2011
Other U.S. Acquisition 2011 Member
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
U.S. Property Interest - Unison Acquisition [Member]
|
Oct. 14, 2011
U.S. Property Interest - Unison Acquisition [Member]
|
Dec. 31, 2012
U.S. Property Interest - Unison Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2011
U.S. Property Interest - Unison Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Oct. 21, 2011
U.S. Property Interest - Other Acquisition [Member]
|
Dec. 31, 2012
U.S. Property Interest - Other Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2011
U.S. Property Interest - Other Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current assets | $ 12,262,000 | [1] | $ 12,262,000 | [2] | $ 4,295,000 | $ 9,922,000 | [1],[3] | $ 9,922,000 | [2],[3] | $ 6,969,000 | [1] | $ 69,147,000 | [2] | $ 61,402,000 | [1] | $ 57,414,000 | [2] | $ 8,763,000 | $ 8,852,000 | $ 14,483,000 | $ 740,000 | $ 842,000 | $ 10,770,000 | [1],[4],[5] | $ 16,203,000 | [2],[4],[5] | $ 359,000 | [1],[4] | $ 363,000 | [2],[4] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-current assets | 340,000 | 71,529,000 | [1] | 98,047,000 | [2] | 24,460,000 | 69,145,000 | [1] | 5,405,000 | [2] | 16,350,000 | [1] | 26,845,000 | [2] | 2,332,000 | 1,524,000 | 110,000 | [1] | 217,000 | [2] | 2,000 | 0 | [1] | 1,126,000 | [2] | 1,892,000 | [1] | 2,772,000 | [2] | 2,258,000 | 153,000 | 289,000 | [1] | 0 | [2] | 96,130,000 | [1],[4] | 154,817,000 | [2],[4] | 13,357,000 | [1],[4] | 13,394,000 | [2],[4] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment | 81,052,000 | [1] | 82,225,000 | [2] | 16,375,000 | 83,539,000 | [1] | 86,062,000 | [2] | 138,959,000 | 319,641,000 | [1] | 304,478,000 | [2] | 187,275,000 | [1] | 174,767,000 | [2] | 26,711,000 | 17,994,000 | 13,526,000 | [1] | 12,456,000 | [2] | 3,590,000 | 128,989,000 | [1] | 95,052,000 | [2] | 55,100,000 | [1] | 43,140,000 | [2] | 102,366,000 | 233,073,000 | 60,671,000 | 69,045,000 | 61,995,000 | 21,088,000 | [1] | 23,270,000 | [2] | 398,542,000 | [1],[6] | 340,602,000 | [2],[6] | 47,898,000 | [1],[6] | 47,898,000 | [2],[6] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible assets | 118,502,000 | [1],[7] | 118,781,000 | [2],[7] | 10,709,000 | [8] | 368,000,000 | [1],[9] | 288,000,000 | [2],[9] | 117,990,000 | [10] | 112,025,000 | [1],[11] | 82,217,000 | [11],[2] | 147,692,000 | [1],[12] | 97,182,000 | [12],[2] | 21,079,000 | [13] | 33,882,000 | [14] | 4,008,000 | [1],[15] | 4,675,000 | [15],[2] | 1,062,000 | [16] | 26,791,000 | [1],[17] | 26,132,000 | [17],[2] | 35,300,000 | [1],[18] | 39,916,000 | [18],[2] | 63,500,000 | [19] | 238,965,000 | [20] | 83,700,000 | [21] | 199,700,000 | [22] | 78,199,000 | [23] | 61,107,000 | [1],[24] | 61,626,000 | [2],[24] | 4,200,000 | [1] | 3,297,000 | [2] | 490,000 | [1] | 383,000 | [2] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | (74,000) | [1] | (74,000) | [2] | (5,536,000) | [1] | (5,536,000) | [2] | (148,000) | [1] | (148,000) | [2] | (2,632,000) | [1] | (639,000) | [2] | (2,990,000) | (454,000) | (3,216,000) | (6,351,000) | [1] | (7,703,000) | [2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term obligations | (209,321,000) | [1] | (209,321,000) | [2] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other non-current liabilities | (31,418,000) | [1] | (32,908,000) | [2] | (2,552,000) | (38,519,000) | [1],[25] | (38,519,000) | [2],[25] | (18,195,000) | (11,477,000) | [1] | (13,356,000) | [2] | (9,449,000) | [1] | (8,836,000) | [2] | (1,349,000) | (1,992,000) | (341,000) | [1] | (341,000) | [2] | (91,000) | (17,489,000) | [1] | (3,416,000) | [2] | (4,505,000) | [1] | (4,505,000) | [2] | (7,528,000) | (23,243,000) | (3,333,000) | (3,423,000) | (1,310,000) | (4,288,000) | [1] | (4,118,000) | [2] | (561,000) | [1] | (1,508,000) | [2] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of net assets acquired | 180,324,000 | [1] | 180,286,000 | [2] | 29,167,000 | 488,935,000 | [1] | 437,976,000 | [2] | 263,214,000 | 496,303,000 | [1] | 447,891,000 | [2] | 403,122,000 | [1] | 347,224,000 | [2] | 57,536,000 | 60,260,000 | 17,303,000 | [1] | 17,007,000 | [2] | 4,563,000 | 135,659,000 | [1] | 118,255,000 | [2] | 87,787,000 | [1] | 81,323,000 | [2] | 160,596,000 | 460,288,000 | 141,324,000 | 262,948,000 | 139,037,000 | 78,196,000 | [1] | 80,778,000 | [2] | 293,409,000 | [1] | 296,387,000 | [2] | 62,104,000 | [1] | 62,038,000 | [2] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 34,159,000 | [1],[26] | 34,197,000 | [2],[26] | 5,809,000 | [26] | 96,395,000 | [1],[27] | 147,459,000 | [2],[27] | 47,481,000 | [27] | 21,375,000 | [1],[27] | 67,755,000 | [2],[27] | 42,044,000 | [1],[27] | 69,030,000 | [2],[27] | 5,998,000 | [27] | 3,919,000 | [27] | 227,000 | [1],[27] | 523,000 | [2],[27] | 89,000 | [27] | 576,000 | [1],[27] | 1,067,000 | [2],[27] | 7,073,000 | [1],[27] | 13,537,000 | [2],[27] | 12,564,000 | [26] | 65,365,000 | [27] | 28,224,000 | [28] | 57,178,000 | [28] | 7,124,000 | [28] | 4,604,000 | [1],[28] | 2,022,000 | [2],[28] | 16,009,000 | [1],[29] | 13,031,000 | [2],[29] | 6,235,000 | [1],[29] | 6,301,000 | [2],[29] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts receivables | 7,700,000 | 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Customer-related intangible | 105,000,000 | 8,500,000 | 250,000,000 | 80,000,000 | 58,000,000 | 75,000,000 | 10,700,000 | 30,000,000 | 1,500,000 | 400,000 | 7,200,000 | 15,500,000 | 36,500,000 | 218,200,000 | 63,000,000 | 171,300,000 | 62,000,000 | 46,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Network location intangibles | 13,500,000 | 2,200,000 | 118,000,000 | 38,000,000 | 54,000,000 | 72,700,000 | 10,400,000 | 3,800,000 | 2,500,000 | 700,000 | 19,600,000 | 19,800,000 | 27,000,000 | 20,800,000 | 20,700,000 | 28,400,000 | 16,200,000 | 14,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Useful life of intangible assets | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | 20 years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combination Contingent Tax Liabilities Assumed | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Indemnification asset | 24,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate purchase price | 214,500,000 | 430,000,000 | 35,000,000 | 585,300,000 | 585,400,000 | 553,200,000 | 32,700,000 | 126,300,000 | 151,700,000 | 517,700,000 | 515,600,000 | 323,300,000 | 121,900,000 | 63,500,000 | 64,200,000 | 17,500,000 | 4,700,000 | 136,200,000 | 1,300,000 | 182,000,000 | 94,900,000 | 173,200,000 | 171,500,000 | 525,700,000 | 169,600,000 | 322,500,000 | 146,200,000 | 312,002,000 | 72,595,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition preexisting relationship settlement purchase price adjustment | (2,584,000) | (4,256,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consideration | $ 309,418,000 | $ 68,339,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
Aggregate purchase price after taking into account the settlement of preexisting arrangements with the seller No definition available.
|
X | ||||||||||
- Definition
Adjustment made to the acquisition date fair value of consideration transferred as a result of settling preexisting arrangements No definition available.
|
X | ||||||||||
- Definition
Business combination contingent tax liabilities assumed. No definition available.
|
X | ||||||||||
- Definition
The amount of indemnification assets (amounts to be reimbursed if and when certain assumed liabilities are paid) recognized. No definition available.
|
X | ||||||||||
- Definition
Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to current assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to current liabilities of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of goodwill arising from a business combination, which is the excess of the cost of the acquired entity over the amounts assigned to assets acquired and liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to notes payables and long-term debt assumed from the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to property, plant and equipment to be used in ongoing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The fair value of assets acquired in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross carrying amount before accumulated amortization as of the balance sheet date to an asset acquired in a business combination representing a favorable existing relationship with customers having a finite beneficial life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross carrying amount before accumulated amortization as of the balance sheet date of intangible assets not otherwise specified in the taxonomy having a reasonably expected period of economic benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Accrued Expenses (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
|||
---|---|---|---|---|---|
Accrued Liabilities Current [Abstract] | |||||
Payroll and related withholdings | $ 37,586 | $ 31,470 | |||
Accrued property and real estate taxes | 36,814 | 46,930 | [1] | ||
Accrued rent | 24,394 | 24,477 | |||
Other accrued expenses | 188,168 | 202,661 | [1] | ||
Balance as of December 31 | $ 286,962 | $ 305,538 | [1] | ||
|
X | ||||||||||
- Definition
Accrued Property and Real Estate Taxes No definition available.
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable for payroll and related withholdings. No definition available.
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable for contractual rent under lease arrangements. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Long-Term Obligations (Narrative) (Details)
|
12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
USD ($)
integer
|
Dec. 31, 2011
USD ($)
integer
|
Dec. 31, 2012
Commercial Mortgage Pass Through Certificates Series 2007 [Member]
USD ($)
y
sites
|
Dec. 31, 2011
Commercial Mortgage Pass Through Certificates Series 2007 [Member]
USD ($)
|
Dec. 31, 2007
Commercial Mortgage Pass Through Certificates Series 2007 [Member]
USD ($)
sites
|
Dec. 31, 2012
Revolving Credit Facility [Member]
|
Jan. 31, 2012
Revolving Credit Facility [Member]
USD ($)
|
Dec. 31, 2011
Revolving Credit Facility [Member]
USD ($)
|
Dec. 31, 2012
Term Loan 2008 [Member]
|
Jan. 31, 2012
Term Loan 2008 [Member]
USD ($)
|
Dec. 31, 2011
Term Loan 2008 [Member]
USD ($)
|
Dec. 31, 2012
Colombia Short Term Credit Facility [Member]
|
Dec. 31, 2011
Colombia Short Term Credit Facility [Member]
USD ($)
|
Dec. 31, 2011
Colombia Short Term Credit Facility [Member]
COP
|
Dec. 31, 2012
Four Point Five Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Four Point Five Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Five Point Zero Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Five Point Zero Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Four Point Six Two Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Four Point Six Two Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Seven Point Zero Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Seven Point Zero Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Seven Point Two Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Seven Point Two Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Notes Payable and Capital Leases [Member]
USD ($)
y
|
Dec. 31, 2011
Notes Payable and Capital Leases [Member]
USD ($)
|
Dec. 31, 2012
Colombian Bridge Loan [Member]
USD ($)
|
Dec. 31, 2012
Colombian Bridge Loan [Member]
COP
|
Dec. 31, 2011
Colombian Bridge Loan [Member]
USD ($)
|
Dec. 31, 2012
Five Point Nine Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Five Point Nine Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Secured Cellular Site Revenue Notes [Member]
USD ($)
|
Dec. 31, 2011
Secured Cellular Site Revenue Notes [Member]
USD ($)
|
Oct. 14, 2011
Secured Cellular Site Revenue Notes [Member]
propertyinterests
sites
|
Dec. 31, 2012
Secured Cellular Site Revenue Notes [Member]
Series 2010-1 Class C [Member]
|
Dec. 31, 2012
Secured Cellular Site Revenue Notes [Member]
Series 2010-2 Class C [Member]
|
Dec. 31, 2012
Secured Cellular Site Revenue Notes [Member]
Series 20102 Class F [Member]
|
Dec. 31, 2012
Ghana Loan [Member]
USD ($)
|
Dec. 31, 2011
Ghana Loan [Member]
USD ($)
|
Dec. 31, 2012
Credit Facility 2011 [Member]
USD ($)
|
Jan. 08, 2013
Credit Facility 2012 [Member]
USD ($)
|
Dec. 31, 2012
Credit Facility 2012 [Member]
USD ($)
|
Sep. 14, 2012
South African Facility [Member]
USD ($)
|
Sep. 14, 2012
South African Facility [Member]
ZAR
|
Aug. 08, 2012
South African Facility [Member]
USD ($)
|
Aug. 08, 2012
South African Facility [Member]
ZAR
|
Dec. 31, 2012
South African Facility [Member]
USD ($)
integer
|
Dec. 31, 2012
South African Facility [Member]
ZAR
|
Sep. 28, 2012
South African Facility [Member]
ZAR
integer
|
Aug. 29, 2012
South African Facility [Member]
ZAR
integer
|
Jan. 16, 2012
South African Facility [Member]
ZAR
integer
|
Dec. 31, 2011
South African Facility [Member]
USD ($)
|
Dec. 31, 2012
Term Loan 2012 [Member]
USD ($)
|
Dec. 31, 2012
Colombian Long-Term Credit Facility [Member]
USD ($)
|
Dec. 31, 2012
Colombian Long-Term Credit Facility [Member]
COP
|
Dec. 05, 2012
Colombian Long-Term Credit Facility [Member]
integer
|
Dec. 31, 2012
Colombian Loan [Member]
USD ($)
|
Dec. 31, 2012
Uganda Loan [Member]
USD ($)
|
Dec. 31, 2012
Four Point Seven Zero Percent Senior Notes [Member]
USD ($)
|
|||||||||
Number of broadcast and wireless communications towers | 5,278 | 5,295 | 1,810 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total long term obligation | $ 8,753,376,000 | $ 7,236,308,000 | $ 1,750,000,000 | $ 1,750,000,000 | $ 1,000,000,000 | [1] | $ 325,000,000 | [1] | $ 999,414,000 | $ 999,313,000 | $ 699,333,000 | $ 699,258,000 | $ 599,638,000 | $ 599,489,000 | $ 500,000,000 | $ 500,000,000 | $ 296,272,000 | $ 295,830,000 | $ 57,293,000 | $ 46,818,000 | $ 53,169,000 | $ 26,780,000 | $ 499,356,000 | $ 499,302,000 | $ 207,188,000 | $ 209,321,000 | $ 130,951,000 | $ 127,466,000 | $ 265,000,000 | [2] | $ 992,000,000 | [2] | $ 98,456,000 | 834,300,000 | $ 84,920,000 | $ 750,000,000 | $ 76,347,000 | 135,000,000,000 | $ 19,176,000 | $ 61,023,000 | $ 698,760,000 | ||||||||||||||||||||||||||
Expected life certificates final repayment, in years | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted cash and cash equivalents | 61,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit facility, maximum borrowing capacity | 1,250,000,000 | 325,000,000 | 1,200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Letters of credit outstanding | 5,700,000 | 2,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term of revolving credit facility | 5 | 5 | 5 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spread above Libor rate for Libor based borrowings minimum | 0.40% | 0.50% | 1.35% | 1.075% | 1.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spread above Libor rate for Libor based borrowings maximum | 1.25% | 1.50% | 2.60% | 2.40% | 2.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spread above base rate for base rate borrowings minimum | 0.00% | 0.00% | 0.35% | 0.075% | 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spread above base rate for base rate borrowings maximum | 0.25% | 0.50% | 1.60% | 1.40% | 1.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate, effective | 5.61% | 8.88% | 8.88% | 9.00% | 9.00% | 6.368% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly commitment fee on the undrawn portion of the revolving credit facility minimum | 0.08% | 0.25% | 0.125% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly commitment fee on the undrawn portion of the revolving credit facility maximum | 0.25% | 0.55% | 0.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase borrowings of debt | 2,900,000 | 24,200,000 | 15,100,000 | 123,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from the issuance of debt | 746,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayment of indebtedness under credit facility | 719,000,000 | 632,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property interests under communications sites | 1,470 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument Interest Rate | 4.50% | 5.05% | 4.625% | 7.00% | 7.25% | 7.99% | 7.99% | 5.90% | 5.349% | 6.392% | 9.522% | 9.00% | 8.30% | 4.70% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Maturity Date | Apr. 15, 2014 | Jun. 08, 2012 | Jun. 08, 2012 | Apr. 25, 2012 | Jan. 15, 2018 | Sep. 01, 2020 | Apr. 01, 2015 | Oct. 15, 2017 | May 15, 2019 | Jun. 22, 2013 | Jun. 22, 2013 | Nov. 01, 2021 | Apr. 15, 2040 | Apr. 15, 2017 | Apr. 15, 2020 | Apr. 15, 2020 | May 04, 2016 | Apr. 08, 2016 | Jan. 31, 2017 | Mar. 31, 2020 | Mar. 31, 2020 | Jun. 29, 2017 | Apr. 15, 2020 | Apr. 15, 2020 | Feb. 22, 2022 | Jun. 29, 2019 | Nov. 01, 2021 | ||||||||||||||||||||||||||||||||||||||||
Redemption price percentage of principal | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase price as percentage of principal | 101.00% | 101.00% | 101.00% | 101.00% | 101.00% | 101.00% | 101.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt, gross | 1,000,000,000 | 700,000,000 | 600,000,000 | 300,000,000 | 500,000,000 | 196,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate principal amount | 1,750,000,000 | 700,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized discount (premium) outstanding | 600,000 | 700,000 | 700,000 | 700,000 | 400,000 | 500,000 | 3,700,000 | 4,200,000 | 600,000 | 700,000 | (11,200,000) | 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital lease obligations and notes payable | 57,293,000 | 46,818,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rates ranging minimum | 2.74% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rates ranging maximum | 9.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rates mature in periods minimum | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest mature in periods maximum | 70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitment fee percentage | 0.35% | 0.225% | 0.75% | 0.75% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Base rate borrowing margin | 1.85% | 1.625% | 3.75% | 3.75% | 1.75% | 5.00% | 5.00% | 5.30% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional value of interest rate swaps | 49,995,000 | 423,634,000 | 12,124,000 | 61,511,000 | 350,000,000 | 57,261,000 | 101,250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short term debt outstanding | 72,811,000 | 141,100,000,000 | 94,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling Interest, Ownership Percentage by Parent | 51.00% | 60.00% | 51.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt, Weighted Average Interest Rate | 9.84% | 9.84% | 10.36% | 10.36% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Fee Amount | $ 1,600,000 | 2,900,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of Interest Rate Derivatives Held | 10 | 0 | 9 | 9 | (3) | (3) | (3) | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
Aggregate Principal Amount Of Long-Term Debt Obligations No definition available.
|
X | ||||||||||
- Definition
The current margin over LIBOR that the Company would incur borrowings for the Credit Facility No definition available.
|
X | ||||||||||
- Definition
Capital Lease Obligation And Notes Payable Interest Mature In Periods Ranging Approximately Seventy Years No definition available.
|
X | ||||||||||
- Definition
Capital Lease Obligation And Notes Payable Interest Mature In Periods Minimum No definition available.
|
X | ||||||||||
- Definition
Capital Lease Obligation And Notes Payable Interest Rates Ranging Maximum No definition available.
|
X | ||||||||||
- Definition
Capital Lease Obligation And Notes Payable Interest Rates Ranging Minimum No definition available.
|
X | ||||||||||
- Definition
Capital Lease Obligations and Notes Payable No definition available.
|
X | ||||||||||
- Definition
Cash held in reserve accounts as required by the Company's Commercial Mortgage Pass-Through Certificates and included in restricted cash on the consolidated balance sheet No definition available.
|
X | ||||||||||
- Definition
Debt Amount Of Principal Redemption Percentage No definition available.
|
X | ||||||||||
- Definition
Amortized discount (premium) oustanding No definition available.
|
X | ||||||||||
- Definition
Expected life certificates final repayment No definition available.
|
X | ||||||||||
- Definition
Number of broadcast and wireless communications towers No definition available.
|
X | ||||||||||
- Definition
Number of property interest owned under communications sites No definition available.
|
X | ||||||||||
- Definition
Quarterly commitment fee on the undrawn portion of the Revolving Credit Facility Maximum No definition available.
|
X | ||||||||||
- Definition
Quarterly commitment fee on the undrawn portion of the Revolving Credit Facility Minimum No definition available.
|
X | ||||||||||
- Definition
Repayment of indebtedness under credit facility No definition available.
|
X | ||||||||||
- Definition
Repurchase price as percentage of principal No definition available.
|
X | ||||||||||
- Definition
Spread above base rate for base rate borrowings maximum No definition available.
|
X | ||||||||||
- Definition
Spread Above Base Rate For Base Rate Borrowings Minimum No definition available.
|
X | ||||||||||
- Definition
Spread Above Libor Rate For Libor Based Borrowings Maximum No definition available.
|
X | ||||||||||
- Definition
SpreadAboveLiborRateForLiborBasedBorrowingsMinimum No definition available.
|
X | ||||||||||
- Definition
Term Of Revolving Credit Facility No definition available.
|
X | ||||||||||
- Definition
Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date before deducting unamortized discount or premiums (if any). May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the fee that accompanies borrowing money under the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of debt outstanding by type or by instrument at that time. No definition available.
|
X | ||||||||||
- Definition
The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. No definition available.
|
X | ||||||||||
- Definition
Fair value of the amount outstanding under the credit facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net increase or decrease in the carrying amount of the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount of all interest rate derivatives designated as hedging instruments in fair value hedges. Notional amount refers to the monetary amount specified in the interest rate derivative contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of interest rate derivative instruments held by the entity at the reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. No definition available.
|
X | ||||||||||
- Definition
Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Long-Term Obligations (Long-Term Financing Arrangements) (Details)
|
0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
USD ($)
|
Dec. 31, 2011
USD ($)
|
Dec. 31, 2012
Commercial Mortgage Pass Through Certificates Series 2007 [Member]
USD ($)
|
Dec. 31, 2011
Commercial Mortgage Pass Through Certificates Series 2007 [Member]
USD ($)
|
Jan. 31, 2012
Revolving Credit Facility [Member]
USD ($)
|
Dec. 31, 2011
Revolving Credit Facility [Member]
USD ($)
|
Jan. 31, 2012
Term Loan 2008 [Member]
USD ($)
|
Dec. 31, 2011
Term Loan 2008 [Member]
USD ($)
|
Dec. 31, 2011
Colombian Short-Term Credit Facility [Member]
USD ($)
|
Dec. 31, 2012
Four Point Five Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Four Point Five Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Five Point Zero Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Five Point Zero Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Four Point Six Two Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Four Point Six Two Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Seven Point Zero Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Seven Point Zero Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Seven Point Two Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Seven Point Two Five Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Notes Payable and Capital Leases [Member]
USD ($)
|
Dec. 31, 2011
Notes Payable and Capital Leases [Member]
USD ($)
|
Dec. 31, 2012
Colombian Bridge Loan [Member]
USD ($)
|
Dec. 31, 2011
Colombian Bridge Loan [Member]
USD ($)
|
Dec. 31, 2012
South African Facility [Member]
USD ($)
|
Dec. 31, 2012
South African Facility [Member]
ZAR
|
Dec. 31, 2011
South African Facility [Member]
USD ($)
|
Dec. 31, 2012
Five Point Nine Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2011
Five Point Nine Zero Percent Senior Notes [Member]
USD ($)
|
Dec. 31, 2012
Secured Cellular Site Revenue Notes [Member]
USD ($)
|
Dec. 31, 2011
Secured Cellular Site Revenue Notes [Member]
USD ($)
|
Dec. 31, 2012
Ghana Loan [Member]
USD ($)
|
Dec. 31, 2011
Ghana Loan [Member]
USD ($)
|
Dec. 31, 2012
Credit Facility 2011 [Member]
USD ($)
|
Jan. 08, 2013
Credit Facility 2012 [Member]
USD ($)
|
Dec. 31, 2012
Credit Facility 2012 [Member]
USD ($)
|
Dec. 31, 2012
Term Loan 2012 [Member]
USD ($)
|
Dec. 31, 2012
Colombian Long-Term Credit Facility [Member]
USD ($)
|
Dec. 31, 2012
Colombian Long-Term Credit Facility [Member]
COP
|
Dec. 31, 2012
Colombian Loan [Member]
USD ($)
|
Dec. 31, 2012
Uganda Loan [Member]
USD ($)
|
Dec. 31, 2012
Four Point Seven Zero Percent Senior Notes [Member]
USD ($)
|
Jan. 31, 2013
Three Point Five Zero Notes [Member]
USD ($)
|
Jan. 08, 2013
Three Point Five Zero Notes [Member]
USD ($)
|
|||||||||
Total | $ 8,753,376,000 | $ 7,236,308,000 | $ 1,750,000,000 | $ 1,750,000,000 | $ 1,000,000,000 | [1] | $ 325,000,000 | [1] | $ 72,811,000 | $ 999,414,000 | $ 999,313,000 | $ 699,333,000 | $ 699,258,000 | $ 599,638,000 | $ 599,489,000 | $ 500,000,000 | $ 500,000,000 | $ 296,272,000 | $ 295,830,000 | $ 57,293,000 | $ 46,818,000 | $ 53,169,000 | $ 26,780,000 | $ 98,456,000 | 834,300,000 | $ 84,920,000 | $ 499,356,000 | $ 499,302,000 | $ 207,188,000 | $ 209,321,000 | $ 130,951,000 | $ 127,466,000 | $ 265,000,000 | [2] | $ 992,000,000 | [2] | $ 750,000,000 | $ 76,347,000 | 135,000,000,000 | $ 19,176,000 | $ 61,023,000 | $ 698,760,000 | |||||||||
Current portion of long-term obligations | (60,031,000) | (101,816,000) | |||||||||||||||||||||||||||||||||||||||||||||||||
Long-term obligations | 8,693,345,000 | 7,134,492,000 | 499,302,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 1,250,000,000 | 325,000,000 | 1,200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Repayment Of Indebtedness Under Revolving Credit Facility | 719,000,000 | 632,000,000 | 718,400,000 | 265,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 1,000,000,000 | $ 1,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument Interest Rate | 4.50% | 5.05% | 4.625% | 7.00% | 7.25% | 7.99% | 5.90% | 9.00% | 8.30% | 4.70% | 3.50% | ||||||||||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
Repayment of indebtedness under credit facility No definition available.
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Long-Term Obligations (Aggregate Carrying Value of Long-Term Debt) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
---|---|---|
Long-Term Obligations | ||
2013 | $ 60,031 | |
2014 | 1,759,043 | |
2015 | 615,894 | |
2016 | 423,722 | |
2017 | 2,340,077 | |
Thereafter | 3,550,648 | |
Total cash obligations | 8,749,415 | |
Unamortized discounts and premiums, net | 3,961 | |
Balance as of December 31, 2012 | $ 8,753,376 | $ 7,236,308 |
X | ||||||||||
- Definition
Long Term Debt Total Cash Obligations No definition available.
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of deferred fees paid by borrowers and unamortized costs incurred to originate loans and leases, unamortized loan commitments and loan syndication fees, and premiums over or discounts from face amounts of loans that are being amortized into income as an adjustment to yield. Excludes amounts for loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Other Non-Current Liabilities (Other Non-Current Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
||||
---|---|---|---|---|---|---|
Other Liabilities, Noncurrent [Abstract] | ||||||
Deferred rent liabilitiy | $ 254,494 | $ 226,383 | [1] | |||
Unearned revenue | 164,032 | 125,472 | [1] | |||
Other miscellaneous liabilities | 225,175 | [1] | 220,229 | [1] | ||
Balance as of December 31 | $ 643,701 | $ 572,084 | [1] | |||
|
X | ||||||||||
- Definition
For a classified balance sheet, the cumulative difference between the rental income or payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense, by the lessor or lessee, respectively, more than one year after the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The noncurrent portion (due beyond one year or one operating cycle) of other accrued expenses (expenses incurred at the end of the reporting period but not yet paid) not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Asset Retirement Obligations (Narrative) (Details) (USD $)
In Billions, unless otherwise specified |
Dec. 31, 2012
|
---|---|
Asset Retirement Obligations | |
Estimated undiscounted future cash outlay for asset retirement obligations | $ 1.5 |
X | ||||||||||
- Definition
Estimated undiscounted future cash outlay for asset retirement obligations No definition available.
|
X | ||||||||||
- Details
|
Asset Retirement Obligations (Carrying Value of Asset Retirement Obligations) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
|||||
Asset Retirement Obligations | ||||||
Beginning balance as of January 1 | $ 344,180 | [1] | $ 341,838 | [1] | ||
Additions | 59,847 | 47,426 | [1] | |||
Revisions in estimated cash flows, net of settlements | 6,641 | (70,755) | [1] | |||
Accretion expense | 25,056 | 25,671 | [1] | |||
Balance as of December 31 | $ 435,724 | $ 344,180 | [1] | |||
|
X | ||||||||||
- Definition
The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of asset retirement obligations incurred during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the Increase or Decrease in the amount of the asset retirement obligation during the current period for changes in the amount or timing of the estimated cash flows associated with the settlement of the obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Financial Instruments (Narrative) (Details)
|
12 Months Ended | 12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
USD ($)
integer
|
Dec. 31, 2011
USD ($)
integer
|
Dec. 31, 2010
USD ($)
|
Dec. 31, 2012
South African Facility [Member]
USD ($)
integer
|
Dec. 31, 2012
South African Facility [Member]
ZAR
|
Sep. 28, 2012
South African Facility [Member]
ZAR
integer
|
Aug. 29, 2012
South African Facility [Member]
ZAR
integer
|
Jan. 16, 2012
South African Facility [Member]
ZAR
integer
|
Dec. 31, 2012
South African Facility [Member]
Minimum
|
Dec. 31, 2012
South African Facility [Member]
Maximum
|
Dec. 31, 2012
Colombian Long-Term Credit Facility [Member]
USD ($)
|
Dec. 31, 2012
Colombian Long-Term Credit Facility [Member]
COP
|
Dec. 05, 2012
Colombian Long-Term Credit Facility [Member]
integer
|
|
Number of interest rate swap agreements | 10 | 0 | 9 | 9 | (3) | (3) | (3) | (1) | |||||
Aggregate net unrealized gains of approximately | $ (5,315,000) | $ 1,977,000 | $ 9,496,000 | ||||||||||
Net of tax provisions of approximately | 700,000 | (1,300,000) | (6,000,000) | ||||||||||
Other comprehensive loss for change in fair value of interest rate swaps designated as cash flow hedges and reclassified | 600,000 | 100,000 | 100,000 | ||||||||||
Net of income tax provisions | 100,000 | 100,000 | |||||||||||
Notional Amount of Interest Rate Fair Value Hedge Derivatives | 49,995,000 | 423,634,000 | 12,124,000 | 61,511,000 | 350,000,000 | 57,261,000 | 101,250,000,000 | ||||||
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax | (4,800,000) | 1,900,000 | 9,500,000 | ||||||||||
Reclassifications Due To REIT Conversion | 0 | (1,752,000) | 0 | ||||||||||
Interest Rate | 6.09% | 7.25% | 5.78% | 5.78% | |||||||||
Amount reclassified into earnings over the next 12 months | $ 1,800,000 | ||||||||||||
Derivative, Maturity Date | Mar. 31, 2020 | Mar. 31, 2020 | Nov. 30, 2020 | Nov. 30, 2020 |
X | ||||||||||
- Definition
Income Tax Provisions Derivative Financial Instruments No definition available.
|
X | ||||||||||
- Definition
Reversal of the deferred tax assets and liabilities related to the entities operating as REIT activities No definition available.
|
X | ||||||||||
- Definition
Fixed interest rate related to the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition
The effective portion of loss reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date the derivative contract matures, in CCYY-MM-DD format. No definition available.
|
X | ||||||||||
- Definition
The amount of net gains or losses on interest rate cash flow hedges reclassified during the period to earnings from accumulated other comprehensive income upon the hedged transaction affecting earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate notional amount of all interest rate derivatives designated as hedging instruments in fair value hedges. Notional amount refers to the monetary amount specified in the interest rate derivative contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of interest rate derivative instruments held by the entity at the reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Before tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tax effect of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Financial Instruments (Schedule of Derivative Financial Instruments) (Details)
In Thousands, unless otherwise specified |
Dec. 31, 2012
USD ($)
|
Dec. 31, 2012
ZAR
|
Dec. 31, 2012
South African Facility [Member]
ZAR
|
Dec. 31, 2012
Colombian Long-Term Credit Facility [Member]
COP
|
---|---|---|---|---|
Notional Amount | $ 107,256 | 423,634 | 101,250,000 | |
Carrying Amount and Fair Value | $ (5,442) | (20,441) | (5,356,377) |
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Financial Instruments (Schedule of Interest Rate Swap Agreements Impact on Other Comprehensive Income) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Derivative Financial Instruments | |||
Amount of Gain/(Loss) Recognized in OCI on Derivatives (Effective Portion) | $ (6,220) | $ (228) | $ (8,798) |
Amount of Gain/(Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | $ (1,340) | $ (2,205) | $ (18,294) |
X | ||||||||||
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Financial Instruments (Schedule of Other Comprehensive (Loss) Income Included In Derivative Financial Instruments) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
---|---|---|---|
Derivative Financial Instruments | |||
Deferred loss on the settlement of the treasury rate lock, net of tax | $ (3,827) | $ (4,625) | $ (3,354) |
Deferred gain on the settlement of interest rate swap agreements entered into in connection with the Securitization, net of tax | 0 | 202 | 497 |
Unrealized losses related to interest rate swap agreements, net of tax | $ (4,815) | $ 0 | $ (2,083) |
X | ||||||||||
- Definition
Deferred Gain On The Settlement Of Interest Rate Swap Agreements Entered Into In Connection With The Securitization, Net Of Tax No definition available.
|
X | ||||||||||
- Definition
Deferred Loss On The Settlement Of The Treasury Rate Lock, Net Of Tax No definition available.
|
X | ||||||||||
- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Fair Value Measurements (Narrative) (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Carrying value and fair value of long-term obligations, including current portion | $ 8,753,376,000 | $ 7,236,308,000 | |
Impairment charges to write down certain assets to net realizable value | 21,500,000 | 9,000,000 | 12,200,000 |
Assets held and used, original carrying value | 5,379,200,000 | 4,280,800,000 | |
Assets Held And Used Long Lived, Net Realizable Value | 5,357,700,000 | 4,271,800,000 | |
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low | 0 | ||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | 43,600,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member]
|
|||
Carrying value and fair value of long-term obligations, including current portion | 9,359,575,000 | 7,500,000,000 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 1 [Member]
|
|||
Carrying value and fair value of long-term obligations, including current portion | 4,900,000,000 | 3,800,000,000 | |
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member]
|
|||
Carrying value and fair value of long-term obligations, including current portion | $ 4,500,000,000 | $ 3,700,000,000 |
X | ||||||||||
- Definition
Assets Held And Used Long Lived Carrying Value No definition available.
|
X | ||||||||||
- Definition
Assets held and used long-lived fair value disclosure No definition available.
|
X | ||||||||||
- Definition
The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For contingent consideration arrangements recognized in connection with a business combination, this element represents an estimate of the high-end of the potential range (undiscounted) of the consideration which may be paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For contingent consideration arrangements and indemnification assets recognized in connection with a business combination, this element represents an estimate of the low-end of the potential range (undiscounted) of the consideration which may be paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
||||||
---|---|---|---|---|---|---|---|---|---|
Short-term investments and available-for-sale securities | $ 6,018 | [1] | $ 22,270 | [1] | |||||
Interest rate swap agreements | 5,442 | [1],[2] | |||||||
Aquisition-related contingent consideration | 23,711 | 25,617 | 5,809 | ||||||
Fair Value, Inputs, Level 1 [Member]
|
|||||||||
Short-term investments and available-for-sale securities | 6,018 | [1] | 22,270 | [1] | |||||
Fair Value, Inputs, Level 2 [Member]
|
|||||||||
Interest rate swap agreements | 5,442 | [1],[2] | |||||||
Fair Value, Inputs, Level 3 [Member]
|
|||||||||
Aquisition-related contingent consideration | $ 23,711 | $ 25,617 | |||||||
|
X | ||||||||||
- Definition
Fair value, as of the acquisition date, of potential payments under the contingent consideration arrangement including cash and shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Derivative instrument obligations meeting the definition of a liability which the Company is a party to as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents investment securities as of the balance sheet date which may include marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value Measurments (Contingent Consideration)(Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Fair Value Disclosures [Abstract] | ||
Balance as of January 1 | $ 25,617 | $ 5,809 |
Additions | 6,653 | 19,853 |
Payments | (15,716) | (5,742) |
Changes in fair value | 6,329 | 5,634 |
Foreign currency translation adjustment | 828 | 63 |
Balance as of December 31 | $ 23,711 | $ 25,617 |
X | ||||||||||
- Definition
This element represents total gains or losses for the period (unrealized), arising from liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in earnings or resulted in a change in foreign currency rates No definition available.
|
X | ||||||||||
- Definition
Fair value, as of the acquisition date, of potential payments under the contingent consideration arrangement including cash and shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Settlements that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in earnings, arising from liabilities measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Purchases that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Narrative) (Details) (USD $)
|
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
|
Valuation allowance | $ (95,558,000) | $ (5,838,000) | ||
Excess tax benefits from the exercises of employee stock options | 6,900,000 | 3,000,000 | ||
Mexican tax credits | 2,900,000 | |||
Unrecognized tax benefit that would impact effect tax rate | 30,600,000 | 34,500,000 | ||
Losses related to employee stock options | 300,000,000 | |||
Impact of uncertain tax positions minimum | 0 | |||
Impact of uncertain tax positions maximum | 1,300,000 | |||
Reduction as a result of the lapse of statute limitations | 4,926,000 | 467,000 | 53,000 | |
Penalties and tax-related interest expense (income) | (2,900,000) | 9,100,000 | 2,300,000 | |
Total unrecognized tax benefits included in other long-term liabilities | 34,337,000 | 38,886,000 | 79,012,000 | 87,975,000 |
The total amount of accrued income tax related interest and penalties included in other long-term liabilities | 28,700,000 | 31,500,000 | ||
Deferred tax benefit due to the REIT conversion | 121,000,000 | |||
Income tax benefit | 107,304,000 | 125,080,000 | 182,489,000 | |
Deferred Tax Liability Related To Undistributed Foreign Earnings | 101,000,000 | |||
Federal [Member]
|
||||
Future federal and state net operating loss carryforwards | 922,893,000 | |||
Long-Term Liabilities [Member]
|
||||
Total unrecognized tax benefits included in other long-term liabilities | $ 34,300,000 | $ 36,600,000 |
X | ||||||||||
- Definition
Deffered tax beneft resulting from REIT conversion No definition available.
|
X | ||||||||||
- Definition
Deferred Tax Liability Related To Undistributed Foreign Earnings No definition available.
|
X | ||||||||||
- Definition
Impact Of Uncertain Tax Positions Maximum No definition available.
|
X | ||||||||||
- Definition
Impact Of Uncertain Tax Positions Minimum No definition available.
|
X | ||||||||||
- Definition
Disclosure of the aggregate tax benefit realized from the exercise of stock options and the conversion of similar instruments during the annual period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The tax effects of employee stock option transactions that are recognized differently for financial reporting and tax purposes, occurring during the period and charged or credited directly to shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of domestic, foreign and state and local operating loss carryforwards, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the total of accruals as of the date of the statement of financial position for interest recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity and the amount of statutory penalties for a tax position claimed or expected to be claimed by the entity, in its tax return, that does not meet the minimum statutory threshold to avoid payment of penalties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the total of interest expense recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity and the amount of statutory penalties in the period in which the entity claims or expects to claim a tax position, in its tax return, that does not meet the minimum statutory threshold to avoid payment of penalties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from lapses of the applicable statutes of limitations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the valuation allowance recorded as of the balance sheet date pertaining to the specified deferred tax asset for which an assessment was made that it is more likely than not that all or a portion of such deferred tax asset will not be realized through related deductions on future tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Income Tax Provision from Continuing Operations) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Income Taxes | |||
Federal, current | $ (18,170) | $ (14,069) | $ 0 |
State, current | (6,321) | (19,346) | (6,090) |
Foreign, current | (53,513) | (34,813) | 11,928 |
Federal, deferred | (13,094) | (81,685) | (191,393) |
State, deferred | (666) | (12,001) | (14,446) |
Foreign, deferred | (15,540) | 36,834 | 17,512 |
Income tax provision | $ (107,304) | $ (125,080) | $ (182,489) |
X | ||||||||||
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted federal tax law to the domestic taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of foreign enacted tax law to the foreign taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted state and local tax law to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) during the period in the entity's domestic deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the federally enacted tax law. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) in the entity's net foreign deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of applicable enacted tax laws of countries other than the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) in the entity's state and local deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the applicable enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes (Components of Income from Continuing Operations Before Income Taxes and Income on Equity Method Investments) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Income Taxes | |||
United States | $ 787,960 | $ 608,936 | $ 536,188 |
International | (86,666) | (102,041) | 19,837 |
Total | $ 701,294 | $ 506,895 | $ 556,025 |
X | ||||||||||
- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes (Reconciliation Between the U.S. Statutory Rate and the Effective Rate from Continuing Operations) (Details)
|
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
||||
Income Taxes | ||||||
Statutory tax rate | 35.00% | 35.00% | 35.00% | |||
Tax adjustment related to REIT | (35.00%) | [1] | 0.00% | 0.00% | ||
State taxes, net of federal benefit | 1.00% | 6.00% | 3.00% | |||
Non-deductible stock compensation | 0.00% | 0.00% | 1.00% | |||
Foreign taxes | 4.00% | 3.00% | 0.00% | |||
Foreign withholding taxes | 4.00% | 2.00% | 0.00% | |||
Changes in uncertain tax positions | (1.00%) | 1.00% | (2.00%) | |||
Valuation allowance | 8.00% | 0.00% | 0.00% | |||
Foreign currency losses | 0.00% | 1.00% | 0.00% | |||
Reorganization of financing entity | 0.00% | 0.00% | (6.00%) | |||
Deferred tax adjustment due to REIT conversion | 0.00% | (24.00%) | 0.00% | |||
Other | (1.00%) | 1.00% | 2.00% | |||
Effective tax rate | 15.00% | 25.00% | 33.00% | |||
|
X | ||||||||||
- Definition
Effective Income Tax Rate Deferred Tax Adjustment Due To REIT Conversion No definition available.
|
X | ||||||||||
- Definition
Effective Income Tax Rate Reconciliation Foreign Currency Gains No definition available.
|
X | ||||||||||
- Definition
Effective Income Tax Rate Reconciliation Reorganization Of Financing Entity. No definition available.
|
X | ||||||||||
- Definition
Foreign withholding taxes No definition available.
|
X | ||||||||||
- Definition
Tax adjustment related to REIT No definition available.
|
X | ||||||||||
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the difference between statutory income tax rates in foreign jurisdictions and the domestic federal statutory income tax rate recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to differences in the deductibility or nondeductibility of incentive stock options and other equity-based compensation costs in accordance with generally accepted accounting principles and enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to all other items not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the state and local income tax expense or benefit, net of the federal tax benefit (expense) thereon, recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of the differences between the effective income tax rate and domestic federal statutory income tax rate attributable to changes in all income tax contingencies, whether recorded or adjusted, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes (Components of the Net Deferred Tax Asset and Related Valuation Allowance) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
---|---|---|
Income Taxes | ||
Allowances, accruals and other items not currently deductible | $ 31,561 | $ 17,673 |
Net operating loss carryforwards | 0 | 16,279 |
Current deferred liabilities | (2,509) | (17,345) |
Subtotal | 29,052 | 16,607 |
Less: Valuation allowance | (3,298) | (517) |
Net short-term deferred tax assets | 25,754 | 16,090 |
Net operating loss carryforwards | 127,914 | 48,962 |
Accrued asset retirement obligations | 70,797 | 50,131 |
Stock-based compensation | 25,258 | 26,993 |
Deferred revenue | 21,912 | 20,896 |
Items not currently deductible and other | 55,924 | 27,396 |
Depreciation and amortization | (42,896) | 31,264 |
Deferred rent | (18,640) | (9,987) |
Other | (4,566) | (2,031) |
Subtotal | 235,703 | 193,624 |
Valuation Allowance | (92,260) | (5,321) |
Net long-term deferred tax (liabilities) assets | $ 143,443 | $ 188,303 |
X | ||||||||||
- Definition
Current Net Deferred Tax Assets Liabilities No definition available.
|
X | ||||||||||
- Definition
Deferred Tax Deferred Rent Noncurrent No definition available.
|
X | ||||||||||
- Definition
Deferred Tax Liability Depreciation And Amortization No definition available.
|
X | ||||||||||
- Definition
Net Long Term Operating Loss Carry Forwards No definition available.
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from reserves and accruals. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from asset retirement obligations. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes (Net Operating Loss Carryforwards Expire) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
---|---|
State [Member]
|
|
2013 to 2017 | $ 118,719 |
2018 to 2022 | 468,951 |
2023 to 2027 | 445,206 |
2028 to 2032 | 87,043 |
Indefinite Carryforward | 0 |
Total | 1,119,919 |
Federal [Member]
|
|
2013 to 2017 | 0 |
2018 to 2022 | 0 |
2023 to 2027 | 732,561 |
2028 to 2032 | 190,332 |
Indefinite Carryforward | 0 |
Total | 922,893 |
International [Member]
|
|
2013 to 2017 | 791 |
2018 to 2022 | 3,661 |
2023 to 2027 | 0 |
2028 to 2032 | 0 |
Indefinite Carryforward | 407,168 |
Total | $ 411,620 |
X | ||||||||||
- Definition
Net operating losses with an indefinite carryforward period No definition available.
|
X | ||||||||||
- Definition
Net Operating Loss Carryforwards Expiring Years Eleven Through Fifteen No definition available.
|
X | ||||||||||
- Definition
Net Operating Loss Carryforwards Expiring Years One Through Five No definition available.
|
X | ||||||||||
- Definition
Net Operating Loss Carryforwards Expiring Years Sixteen Through Twenty No definition available.
|
X | ||||||||||
- Definition
Net Operating Loss Carryforwards Expiring Years Six Through Ten No definition available.
|
X | ||||||||||
- Definition
The sum of domestic, foreign and state and local operating loss carryforwards, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Income Taxes | |||
Balance at January 1 | $ 38,886 | $ 79,012 | $ 87,975 |
Additions based on tax positions related to the current year | 1,037 | 1,801 | 10,101 |
Additions for tax positions of prior years | 0 | 16,520 | 11,109 |
Reductions for tax positions of prior years | (221) | (54,430) | (30,855) |
Foreign currency | (439) | (3,550) | 735 |
Reduction as a result of the lapse of statute limitations and effective settlements | (4,926) | (467) | (53) |
Balance at December 31, | $ 34,337 | $ 38,886 | $ 79,012 |
X | ||||||||||
- Definition
Unrecognized Tax Benefits Increase Decrease Resulting From Foreign Currency Changes No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions that have been or will be taken in the tax return for the current period, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from lapses of the applicable statutes of limitations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Narrative) (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Stock-based compensation expense | $ 51,983,000 | $ 47,437,000 | $ 52,555,000 |
Stock based compensation expenses related to modification of the vesting and exercise terms for a certain employee's equity awards | 3,000,000 | ||
Stock-based compensation, equity awards period, years | 4 years 0 months 0 days | ||
Number of shares issuable under stock incentive plan | 18,600,000 | ||
Excess tax benefits from the exercises of employee stock options | 6,900,000 | 3,000,000 | |
Capitalized stock-based compensation expense | 2,200,000 | 3,100,000 | 0 |
Share Based Compensation Arrangement By Share Based Payment Award Award Life | 10 years | ||
Stock Option [Member]
|
|||
Weighted average grant date fair value per share | $ 17.46 | $ 17.18 | $ 15.03 |
Intrinsic value of stock options exercised | 59,500,000 | 54,600,000 | 62,700,000 |
Total unrecognized compensation expense | 30,800,000 | ||
Expected recognition of stock award compensation expense weighted average period in years | 2 years 0 months 0 days | ||
Employee service share-based compensation, cash received from exercise of stock options | 50,900,000 | ||
Excess tax benefits from the exercises of employee stock options | 2,100,000 | ||
Restricted Stock [Member]
|
|||
Total unrecognized compensation expense | 68,800,000 | ||
Expected recognition of stock award compensation expense weighted average period in years | 2 years 0 months 0 days | ||
Fair Value of restricted stock awards vested | (56,300,000) | ||
Employee Stock Purchase Plan [Member]
|
|||
Common stock purchased during bi-annual offer | 85.00% | ||
Employee stock purchase plan offering, expense recognition period, months | 0 years 6 months 0 days | ||
Employee purchase shares not exceeding of gross compensation | 15.00% | ||
Employee purchase value not exceeding | $ 25,000 | ||
Number of shares purchased by employees under the Employee Stock Purchase Plan | 87,749 | 79,049 | 75,354 |
Purchased shares fair value, weighted average price per share | $ (51.59) | $ 44.56 | $ 34.16 |
Weighted average fair value per share for the ESPP | $ 13.64 | $ 12.18 | $ 9.43 |
Employee stock purchase plan, shares remain reserved for future issuance | 3,500,000 |
X | ||||||||||
- Definition
Employee Stock Purchase Plan Offering Expense Recognition Period In Months No definition available.
|
X | ||||||||||
- Definition
Employee stock purchase plan, Shares remain reserved for future issuance No definition available.
|
X | ||||||||||
- Definition
Maximum amount stock an employee is able to purchase through the employee stock purchase plan during a calendar year. No definition available.
|
X | ||||||||||
- Definition
Maximum percentage of employee's gross compensation which can be contributed to purchase shares under the employee stock purchase plan No definition available.
|
X | ||||||||||
- Definition
Purchased Shares Fair Value, Weighted Average Price Per Share No definition available.
|
X | ||||||||||
- Definition
Percentage of fair market value paid by employees under the employee stock purchase plan for shares of the Company's common stock No definition available.
|
X | ||||||||||
- Definition
Period of years from the grant date at which time the award expires. No definition available.
|
X | ||||||||||
- Definition
Weighted average fair value per share for the ESPP No definition available.
|
X | ||||||||||
- Definition
Represents the compensation cost capitalized during the period arising from equity-based compensation arrangements (for example, shares of stock, units, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate proceeds received by the entity during the annual period from exercises of stock or unit options and conversion of similar instruments granted under equity-based payment arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
As of the balance sheet date, the aggregate unrecognized cost of equity-based awards made to employees under equity-based compensation awards that have yet to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Disclosure of the aggregate tax benefit realized from the exercise of stock options and the conversion of similar instruments during the annual period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total fair value of equity-based awards for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total accumulated difference between fair values of underlying shares on dates of exercise and exercise price on options which were exercised (or share units converted) into shares during the reporting period under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An excess of the fair value of the modified award over the fair value of the award immediately before the modification. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares issued during the period as a result of an employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Assumptions Used to Determine the Grant Date Fair Value for Options Granted) (Details) (Stock Option [Member])
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Stock Option [Member]
|
|||
Minimum range of risk-free interest rate | 0.62% | 0.90% | 1.41% |
Maximum range of risk-free interest rate | 1.03% | 2.24% | 2.39% |
Weighted average risk-free interest rate | 0.92% | 1.97% | 2.35% |
Expected Term | 4 years 4 months 26 days | 4 years 6 months 0 days | 4 years 7 months 2 days |
Minimum range of expected volatility of underlying stock price | 36.53% | 36.89% | 37.11% |
Maximum range of expected volatility of underlying stock price | 37.86% | 38.13% | 37.48% |
Weighted average expected volatility of underlying stock price | 37.84% | 36.98% | 37.14% |
Weighted average expected annual dividends | 1.50% | 0.03% |
X | ||||||||||
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated measure of the maximum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
X | ||||||||||
- Definition
The estimated measure of the minimum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
X | ||||||||||
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
X | ||||||||||
- Definition
The minimum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
X | ||||||||||
- Definition
The range of expected volatilities used and the weighted-average expected volatility for an entity using a valuation technique with different volatilities during the contractual term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Summary of the Company's Option Activity) (Details) (Stock Option [Member], USD $)
|
12 Months Ended |
---|---|
Dec. 31, 2012
|
|
Stock Option [Member]
|
|
Outstanding as of January 1, 2012 | 6,376,244 |
Granted | 1,237,172 |
Exercised | (1,614,657) |
Forfeited | (162,839) |
Expired | (5,975) |
Outstanding as of December 31, 2012 | 5,829,945 |
Exercisable as of December 31, 2012 | 3,170,504 |
Vested or expected to vest as of December 31, 2012 | 5,829,945 |
Weighted-Average exercise price option at beginning | $ 37.36 |
Grants in Period | $ 62.22 |
Exercises in Period | $ 31.53 |
Forfeitures In Period | $ 44.19 |
Expirations in Period | $ 9.74 |
Weighted-Average exercise price option at ending | $ 44.09 |
Weighted Average exercise price Exercisable | $ 37.07 |
Weighted Average exercise price vested or expected to Vest | $ 44.09 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 6 years 4 months 29 days |
Weighted Average contractual term Exercisable | 4 years 10 months 4 days |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term | 6 years 4 months 29 days |
Aggregate intrinsic value outstanding ending | $ 193.45 |
Aggregate intrinsic value Exercisable | 127.46 |
Aggregate intrinsic value vested | $ 193.45 |
X | ||||||||||
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of options or other stock instruments for which the right to exercise has lapsed under the terms of the plan agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of fully vested and expected to vest options that are exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for fully vested and expected to vest options outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition
Weighted average price at which grantees could have acquired the underlying shares with respect to stock options of the plan that expired. No definition available.
|
X | ||||||||||
- Definition
Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance on stock options awarded. No definition available.
|
X | ||||||||||
- Definition
Weighted average remaining contractual term of exercisable stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Schedule of Options Outstanding) (Details) (USD $)
|
12 Months Ended |
---|---|
Dec. 31, 2012
|
|
Outstanding Number of Options | 5,829,945 |
Range of Exercise Price Per Share Minimum Range | $ 5.51 |
Range of Exercise Price Per Share Maximum Range | $ 71.50 |
Weighted Average Exercise Price Per Share | $ 44.09 |
Outstanding Options | 6 years 4 months 29 days |
Options Exercisable | 3,170,504 |
Weighted Average Exercise Price Per Share | $ 37.07 |
Range One [Member]
|
|
Outstanding Number of Options | 703,811 |
Range of Exercise Price Per Share Minimum Range | $ 5.51 |
Range of Exercise Price Per Share Maximum Range | $ 28.39 |
Weighted Average Exercise Price Per Share | $ 26.32 |
Outstanding Options | 5 years 5 months 16 days |
Options Exercisable | 458,581 |
Weighted Average Exercise Price Per Share | $ 25.22 |
Range Two [Member]
|
|
Outstanding Number of Options | 733,695 |
Range of Exercise Price Per Share Minimum Range | $ 31.06 |
Range of Exercise Price Per Share Maximum Range | $ 31.54 |
Weighted Average Exercise Price Per Share | $ 31.49 |
Outstanding Options | 3 years 6 months 4 days |
Options Exercisable | 691,370 |
Weighted Average Exercise Price Per Share | $ 31.50 |
Range Three [Member]
|
|
Outstanding Number of Options | 972,017 |
Range of Exercise Price Per Share Minimum Range | $ 32.21 |
Range of Exercise Price Per Share Maximum Range | $ 37.70 |
Weighted Average Exercise Price Per Share | $ 37.52 |
Outstanding Options | 4 years 6 months 0 days |
Options Exercisable | 970,173 |
Weighted Average Exercise Price Per Share | $ 37.53 |
Range Four [Member]
|
|
Outstanding Number of Options | 1,237,938 |
Range of Exercise Price Per Share Minimum Range | $ 38.06 |
Range of Exercise Price Per Share Maximum Range | $ 47.25 |
Weighted Average Exercise Price Per Share | $ 43.41 |
Outstanding Options | 6 years 0 months 2 days |
Options Exercisable | 823,641 |
Weighted Average Exercise Price Per Share | $ 43.56 |
Range Five [Member]
|
|
Outstanding Number of Options | 966,548 |
Range of Exercise Price Per Share Minimum Range | $ 50.78 |
Range of Exercise Price Per Share Maximum Range | $ 58.60 |
Weighted Average Exercise Price Per Share | $ 51.25 |
Outstanding Options | 8 years 2 months 22 days |
Options Exercisable | 198,019 |
Weighted Average Exercise Price Per Share | $ 51.14 |
Range Six [Member]
|
|
Outstanding Number of Options | 1,215,936 |
Range of Exercise Price Per Share Minimum Range | $ 62.00 |
Range of Exercise Price Per Share Maximum Range | $ 71.50 |
Weighted Average Exercise Price Per Share | $ 62.22 |
Outstanding Options | 9 years 2 months 6 days |
Options Exercisable | 28,720 |
Weighted Average Exercise Price Per Share | $ 62.00 |
X | ||||||||||
- Definition
Weighted average exercise price as of the balance sheet date for those equity-based payment arrangements exercisable and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The floor of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares reserved for issuance pertaining to the outstanding exercisable stock options as of the balance sheet date in the customized range of exercise prices for which the market and performance vesting condition has been satisfied. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares reserved for issuance pertaining to the outstanding stock options as of the balance sheet date for all option plans in the customized range of exercise prices. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average price as of the balance sheet date at which grantees could acquire the underlying shares with respect to all outstanding stock options which are in the customized range of exercise prices. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average remaining contractual term of outstanding stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The ceiling of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Summary of the Company's Restricted Stock Unit Activity) (Details) (Restricted Stock [Member], USD $)
|
12 Months Ended |
---|---|
Dec. 31, 2012
|
|
Restricted Stock [Member]
|
|
Number of Units Outstanding as of January 1, 2012 | 2,197,460 |
Number of Units Granted | 836,835 |
Number of Units Vested | (893,739) |
Number of Units Forfeited | 172,003 |
Outstanding as of December 31, 2012 | 1,968,553 |
Expected to vest, net of estimated forfeitures, as of December 31, 2012 | 1,898,708 |
Weighted Average Grant Date Fair Value Outstanding as of January 1, 2012 | $ 42.39 |
Weighted Average Grant Date Fair Value Granted | $ 62.34 |
Weighted Average Grant Date Fair Value Vested | $ 39.75 |
Forfeitures | $ 48.20 |
Weighted Average Grant Date Fair Value Outstanding as of December 31, 2012 | $ 51.56 |
Expected to vest, net of estimated fofeitures, as of December 31, 2012 | $ 51.37 |
X | ||||||||||
- Definition
The net number of shares under a share-based award plan, other than a stock option plan, that are expected to vest. No definition available.
|
X | ||||||||||
- Definition
Weighted average grant date fair value of shares expected to vest, net of forfeitures. No definition available.
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Schedule of Employee Stock Purchase Plan Valuation Assumptions) (Details) (Employee Stock Purchase Plan [Member])
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Employee Stock Purchase Plan [Member]
|
|||
Minimum range of risk-free interest rate | 0.05% | 0.11% | 0.22% |
Maximum range of risk-free interest rate | 0.12% | 0.20% | 0.23% |
Weighted average risk-free interest rate | 0.08% | 0.16% | 0.22% |
Expected Term | 0 years 6 months 0 days | 0 years 6 months 0 days | 0 years 6 months 0 days |
Minimum range of expected volatility of underlying stock price | 33.16% | 33.96% | 35.26% |
Maximum range of expected volatility of underlying stock price | 33.86% | 34.55% | 35.27% |
Weighted average expected volatility of underlying stock price | 33.54% | 34.28% | 35.26% |
Expected annual dividends | 1.50% |
X | ||||||||||
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated measure of the maximum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
X | ||||||||||
- Definition
The estimated measure of the minimum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
X | ||||||||||
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
X | ||||||||||
- Definition
The minimum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
X | ||||||||||
- Definition
The range of expected volatilities used and the weighted-average expected volatility for an entity using a valuation technique with different volatilities during the contractual term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stockholders' Equity (Narrative) (Details) (USD $)
|
1 Months Ended | 2 Months Ended | 12 Months Ended | 22 Months Ended | 23 Months Ended | ||
---|---|---|---|---|---|---|---|
Aug. 30, 2005
|
Feb. 21, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2012
|
Feb. 11, 2013
|
|
Warrants exercisable for shares of common stock | 6,800,000 | ||||||
Class of warrant or right, number of securities called by warrants or rights | 3.575 | ||||||
Common stock at an exercise price of warrant | 32 | ||||||
Treasury stock shares acquired | 15,790 | 872,005 | 4,300,000 | 4,300,000 | |||
Treasury stock value acquired cost method | $ 1,200,000 | $ 62,728,000 | $ 423,932,000 | $ 420,789,000 | $ 243,900,000 | $ 245,200,000 | |
Treasury stock amount paid in cash | 62,728,000 | 437,402,000 | 430,618,000 | ||||
Remaining stock value Of Buyback | 1,300,000,000 | ||||||
Distributions Payable Upon Vesting RSU | 700,000 | 700,000 | |||||
SpectraSite [Member]
|
|||||||
Warrants exercisable for shares of common stock | 2.00 | ||||||
Treasury Stock
|
|||||||
Treasury stock shares acquired | 872,005 | 8,147,902 | 9,273,069 | ||||
Treasury stock value acquired cost method | 62,728,000 | 423,932,000 | 420,789,000 | ||||
Two Thousand Eleven Buyback [Member]
|
|||||||
Authorized Repurchase of common stock | $ 1,500,000,000 |
X | ||||||||||
- Definition
The amount of distributions payable upon the vesting of restricted stock options No definition available.
|
X | ||||||||||
- Definition
Approximate dollar value of shares that may yet to be purchased under the Company's stock buyback plan. No definition available.
|
X | ||||||||||
- Definition
Total number of shares of common stock issuable upon exercise of SpectraSite warrants upon completion of merger with SpectraSite in 2005. No definition available.
|
X | ||||||||||
- Definition
The exercise price of each class of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The specified number of securities that each class of warrants or rights outstanding give the holder the right but not the obligation to purchase from the issuer at a specific price, on or before a certain date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount authorized by an entity's Board of Directors under a stock repurchase plan. No definition available.
|
X | ||||||||||
- Definition
Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Equity (Distributions) (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Distribution per share | $ 0.90 | $ 0.35 | $ 0 |
Payment Amount | $ 355,574 | $ 137,765 | $ 0 |
First Quarter [Member]
|
|||
Dividends Payable, Date Declared | Mar. 22, 2012 | ||
Dividends Payable, Date to be Paid | Apr. 25, 2012 | ||
Dividends Payable, Date of Record | Apr. 11, 2012 | ||
Distribution per share | $ 0.21 | ||
Payment Amount | 82,900 | ||
Second Quarter [Member]
|
|||
Dividends Payable, Date Declared | Jun. 20, 2012 | ||
Dividends Payable, Date to be Paid | Jul. 02, 2012 | ||
Dividends Payable, Date of Record | Jul. 02, 2012 | ||
Distribution per share | $ 0.22 | ||
Payment Amount | 86,900 | ||
Third Quarter [Member]
|
|||
Dividends Payable, Date Declared | Sep. 19, 2012 | ||
Dividends Payable, Date to be Paid | Oct. 01, 2012 | ||
Dividends Payable, Date of Record | Oct. 01, 2012 | ||
Distribution per share | $ 0.23 | ||
Payment Amount | 90,900 | ||
Fourth Quarter [Member]
|
|||
Dividends Payable, Date Declared | Dec. 06, 2012 | ||
Dividends Payable, Date to be Paid | Dec. 17, 2012 | ||
Dividends Payable, Date of Record | Dec. 17, 2012 | ||
Distribution per share | $ 0.24 | ||
Payment Amount | $ 94,800 |
X | ||||||||||
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date the declared dividend will be paid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date the dividend to be paid was declared, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date the holder must own the stock to be entitled to the dividend, in CCYY-MM-DD format. No definition available.
|
X | ||||||||||
- Definition
Cash outflow in the form of ordinary dividends to common shareholders, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Impairments, Net Loss on Sale of Long-Lived Assets (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Property, Plant and Equipment Impairment or Disposal [Abstract] | |||
Gain (Loss) on Sale of Assets and Asset Impairment Charges | $ 34.4 | $ 17.4 | $ 16.7 |
Asset Impairment Charges | 21.5 | 9.0 | 12.2 |
Gain (Loss) on Sale of Other Assets | 12.9 | 8.4 | 4.5 |
Gain (Loss) on Contract Termination | $ 10.8 |
X | ||||||||||
- Definition
The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gain (loss) related to the termination of a contract between the parties. The termination may be due to many causes including early termination of a lease by a lessee, a breach of contract by one party, or a failure to perform. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gains (losses) included in results of operations resulting from the sale or disposal of other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) from the difference between the sale price or salvage price and the book value of an asset that was sold or retired, and gain (loss) from the write down of assets from their carrying value to fair value. No definition available.
|
X | ||||||||||
- Details
|
Earnings Per Common Share (Narrative) (Details)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Stock Options [Member]
|
|||
Shares issuable upon conversion of the stock-based awards and convertible notes | 1.0 | 0.9 | 1.1 |
Convertible Debt Securities [Member]
|
|||
Shares issuable upon conversion of the stock-based awards and convertible notes | 0.1 |
X | ||||||||||
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Earnings Per Common Share (Schedule of Earnings Per Basic And Diluted by Common Class) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Earnings Per Common Share | |||
Income from continuing operations attributable to American Tower Corporation (in dollars) | $ 637,283 | $ 396,462 | $ 372,906 |
Basic weighted average common shares outstanding | 394,772 | 395,711 | 401,152 |
Dilutive securities | 4,515 | 4,484 | 2,920 |
Diluted weighted average common shares outstanding | 399,287 | 400,195 | 404,072 |
Basic income from continuing operations attributable to American Tower Corporation per common share (in dollars per share) | $ 1.61 | $ 1.00 | $ 0.93 |
Diluted income from continuing operations attributable to American Tower Corporation per common share (in dollars per share) | $ 1.60 | $ 0.99 | $ 0.92 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments And Contingencies (Narrative) (Details) (USD $)
|
12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Sep. 03, 2010
Mexico Litigation [Member]
|
Oct. 17, 2012
Mexico Litigation [Member]
|
Aug. 02, 2012
Mexico Litigation [Member]
|
Dec. 31, 2012
Television And Radio Broadcast [Member]
y
|
Dec. 31, 2012
Wireless Communications [Member]
y
|
Dec. 31, 2012
International [Member]
y
|
Aug. 30, 2005
At T Transaction [Member]
sites
|
Dec. 31, 2012
At T Transaction [Member]
|
Dec. 31, 2000
ALLTEL Transaction [Member]
y
sites
|
Dec. 31, 2012
ALLTEL Transaction [Member]
|
|
Damages assessed by the intermediate appellate court | $ 6,700,000 | ||||||||||||
Aggregate rent expense | 419,000,000 | 366,100,000 | 300,000,000 | ||||||||||
Number of towers leased or subleased | 2,450 | 1,800 | |||||||||||
Average lease term (in years) | 27 | ||||||||||||
Customer lease initial term maximum years | 20 | 10 | |||||||||||
Customer lease initial term minimum years | 10 | 5 | |||||||||||
Customer lease years of term | 10 | ||||||||||||
Aggregate purchase option price for towers | 545,200,000 | 69,100,000 | |||||||||||
Purchase price accretion rate (per year) | 10.00% | 3.00% | |||||||||||
Sublease term towers, years | 15 | ||||||||||||
Cash purchase price per tower | 27,500 | ||||||||||||
Purchase price of tower in shares of common stock | 769 | ||||||||||||
Value of potential shares payable | 105,500,000 | ||||||||||||
Amount the court entered judgement | $ 7,900,000 | $ 6,500,000 |
X | ||||||||||
- Definition
Aggregate Purchase Option Price For Towers No definition available.
|
X | ||||||||||
- Definition
Customer lease (years) No definition available.
|
X | ||||||||||
- Definition
Customer Lease Initial Term Maximum No definition available.
|
X | ||||||||||
- Definition
Customer Lease Initial Term Minimum No definition available.
|
X | ||||||||||
- Definition
Damages assessed by the intermediate appellate court No definition available.
|
X | ||||||||||
- Definition
The appellate court entered judgement against the primary defendant in this amount. No definition available.
|
X | ||||||||||
- Definition
Number Of Towers Leased Or Subleased No definition available.
|
X | ||||||||||
- Definition
Accretion rate stated in purchase agreement (per year) No definition available.
|
X | ||||||||||
- Definition
Purchase Price Of Tower In Shares Common Stock No definition available.
|
X | ||||||||||
- Definition
Cash puchase price per tower No definition available.
|
X | ||||||||||
- Definition
Value of shares at period end if seller requires payment in shares of common stock, rather than cash No definition available.
|
X | ||||||||||
- Definition
Sublease Term Towers (in years) No definition available.
|
X | ||||||||||
- Definition
Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses. No definition available.
|
X | ||||||||||
- Definition
Specifies the time period covered by the arrangement. No definition available.
|
Commitments and Contingencies (Future Minimum Rental Payments Under Non-Cancelable Operating Leases) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
---|---|
Commitments And Contingencies [Abstract] | |
2013 | $ 364,427 |
2014 | 352,624 |
2015 | 343,478 |
2016 | 328,826 |
2017 | 317,533 |
Thereafter | 2,878,866 |
Total | $ 4,585,754 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the next fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the fifth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the forth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the third fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the second fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing after the fifth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments and Contingencies (Future Minimum Payments Under Capital Leases) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
---|---|
Commitments And Contingencies [Abstract] | |
2013 | $ 8,242 |
2014 | 7,316 |
2015 | 5,377 |
2016 | 5,485 |
2017 | 4,897 |
Thereafter | 164,520 |
Total minimum lease payments | 195,837 |
Less amounts representing interest | (138,544) |
Present value of capital lease obligations | $ 57,293 |
X | ||||||||||
- Definition
Amount of minimum lease payments for capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of minimum lease payments maturing in the next fiscal year following the latest fiscal year for capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of minimum lease payments maturing in the fifth fiscal year following the latest fiscal year for capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of minimum lease payments maturing in the forth fiscal year following the latest fiscal year for capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of minimum lease payments maturing in the third fiscal year following the latest fiscal year for capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of minimum lease payments maturing in the second fiscal year following the latest fiscal year for capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of minimum lease payments maturing after the fifth fiscal year following the latest fiscal year for capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount necessary to reduce net minimum lease payments to present value for capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Present value of minimum lease payments for capital leases net of executory costs, including amounts paid by the lessee to the lessor for insurance, maintenance and taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Commitments and Contingencies (Future Minimum Rental Receipts Under Operating Lease Agreements) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
---|---|
Commitments And Contingencies [Abstract] | |
2013 | $ 2,519,271 |
2014 | 2,464,510 |
2015 | 2,461,416 |
2016 | 2,370,434 |
2017 | 2,264,910 |
Thereafter | 8,142,544 |
Total | $ 20,223,085 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Future minimum rental payments in aggregate as of the balance sheet date under operating leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within one year of the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the fifth year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the fourth year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the third year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the second year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future minimum lease payments receivable under operating leases for periods greater than five years following the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Supplemental Cash Flow Information (Supplemental Cash Flow Information and Non-Cash Investing and Financing Activities) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Supplemental Cash Flow Information | |||
Cash paid during the period for interest | $ 366,458 | $ 274,234 | $ 219,408 |
Cash paid during the period for income taxes (net of refunds of $20,847, $9,277 and $9,977) | 69,277 | 53,909 | 36,381 |
(Decrease) increase in accounts payable and accrued expenses for purchases of property and equipment and construction activities | (10,244) | 8,507 | 11,253 |
Purchases of property, plant and equipment under capital leases | 19,219 | 6,800 | 2,200 |
Fair value of debt assumed through acquisitions | $ 0 | $ 209,321 | $ 0 |
X | ||||||||||
- Definition
Fair value of debt assumed through acquisitions No definition available.
|
X | ||||||||||
- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase during the period in capital lease obligations due to entering into new capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Business Segments (Narrative) (Details)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
customers
|
Dec. 31, 2011
customers
|
Dec. 31, 2010
customers
|
|
Segment reporting, number of customers | 3 | 3 | 3 |
Percentage of revenues | 10.00% | 10.00% | 10.00% |
Number of reportable segments | 3 |
X | ||||||||||
- Definition
Segment reporting, number of customers that account for 10% or more of the Company's consolidated operating revenues. No definition available.
|
X | ||||||||||
- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Description of the factors used to identify reportable segments, including the basis of organization (for example, whether management has chosen to organize the enterprise around differences in products and services, geographic areas, regulatory environments, or a combination of factors and whether operating segments have been aggregated to reportable segments). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Business Segments (Summarized Financial Information Concerning the Company's Reportable Segments) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
||||||||||
Segment revenues | $ 768,374 | $ 713,335 | $ 697,734 | $ 696,517 | $ 653,199 | $ 630,403 | $ 597,235 | $ 562,695 | $ 2,875,960 | $ 2,443,532 | $ 1,985,335 | |||||||||
Segment operating expenses | 720,718 | [1] | 618,627 | [2] | 474,586 | |||||||||||||||
Interest income, TV Azteca, net | 14,258 | 14,214 | 14,212 | |||||||||||||||||
Segment gross margin | 2,169,500 | 1,839,119 | 1,524,961 | |||||||||||||||||
Segment selling, general, administrative and development expense | 187,986 | [1] | 167,011 | [2] | 114,484 | [3] | ||||||||||||||
Segment Operating Profit | 1,981,514 | 1,672,108 | 1,410,477 | |||||||||||||||||
Stock-based compensation expense | 51,983 | 47,437 | 52,555 | |||||||||||||||||
Other selling, general, administrative and development expense | 89,093 | 76,705 | 62,730 | |||||||||||||||||
Depreciation, amortization and accretion | 644,276 | 555,517 | 460,726 | |||||||||||||||||
Other expense (principally interest expense and other (expense) income) | 494,868 | 485,554 | 278,441 | |||||||||||||||||
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND INCOME ON EQUITY METHOD INVESTMENTS | 701,294 | 506,895 | 556,025 | |||||||||||||||||
Capital expenditure | 568,048 | 523,015 | 346,664 | |||||||||||||||||
Rental And Management [Member]
|
||||||||||||||||||||
Segment revenues | 2,803,490 | 2,386,185 | 1,936,373 | |||||||||||||||||
Segment operating expenses | 685,888 | [1] | 589,167 | [2] | 447,629 | |||||||||||||||
Interest income, TV Azteca, net | 14,258 | 14,214 | 14,212 | |||||||||||||||||
Segment gross margin | 2,131,860 | 1,811,232 | 1,502,956 | |||||||||||||||||
Segment selling, general, administrative and development expense | 181,242 | [1] | 159,147 | [2] | 108,172 | [3] | ||||||||||||||
Segment Operating Profit | 1,950,618 | 1,652,085 | 1,394,784 | |||||||||||||||||
Stock-based compensation expense | 793 | 1,105 | ||||||||||||||||||
Capital expenditure | 548,001 | 504,090 | 329,566 | |||||||||||||||||
Rental And Management [Member] | International [Member]
|
||||||||||||||||||||
Segment revenues | 862,801 | 641,925 | 370,899 | |||||||||||||||||
Segment operating expenses | 328,333 | [1] | 235,709 | [2] | 122,269 | |||||||||||||||
Interest income, TV Azteca, net | 14,258 | 14,214 | 14,212 | |||||||||||||||||
Segment gross margin | 548,726 | 420,430 | 262,842 | |||||||||||||||||
Segment selling, general, administrative and development expense | 95,579 | [1] | 82,106 | [2] | 45,877 | [3] | ||||||||||||||
Segment Operating Profit | 453,147 | 338,324 | 216,965 | |||||||||||||||||
Capital expenditure | 279,004 | 178,826 | 68,827 | |||||||||||||||||
Rental And Management [Member] | Domestic [Member]
|
||||||||||||||||||||
Segment revenues | 1,940,689 | 1,744,260 | 1,565,474 | |||||||||||||||||
Segment operating expenses | 357,555 | [1] | 353,458 | [2] | 325,360 | |||||||||||||||
Interest income, TV Azteca, net | 0 | 0 | 0 | |||||||||||||||||
Segment gross margin | 1,583,134 | 1,390,802 | 1,240,114 | |||||||||||||||||
Segment selling, general, administrative and development expense | 85,663 | [1] | 77,041 | [2] | 62,295 | [3] | ||||||||||||||
Segment Operating Profit | 1,497,471 | 1,313,761 | 1,177,819 | |||||||||||||||||
Capital expenditure | 268,997 | 325,264 | 260,739 | |||||||||||||||||
Network Development Services [Member]
|
||||||||||||||||||||
Segment revenues | 72,470 | 57,347 | 48,962 | |||||||||||||||||
Segment operating expenses | 34,830 | [1] | 29,460 | [2] | 26,957 | |||||||||||||||
Interest income, TV Azteca, net | 0 | 0 | 0 | |||||||||||||||||
Segment gross margin | 37,640 | 27,887 | 22,005 | |||||||||||||||||
Segment selling, general, administrative and development expense | 6,744 | [1] | 7,864 | [2] | 6,312 | [3] | ||||||||||||||
Segment Operating Profit | 30,896 | 20,023 | 15,693 | |||||||||||||||||
Stock-based compensation expense | 968 | 1,224 | ||||||||||||||||||
Capital expenditure | 0 | 0 | 5,496 | |||||||||||||||||
Other Segment [Member]
|
||||||||||||||||||||
Stock-based compensation expense | 51,983 | 47,437 | 52,555 | |||||||||||||||||
Other selling, general, administrative and development expense | 89,093 | 76,705 | 62,730 | |||||||||||||||||
Depreciation, amortization and accretion | 644,276 | 555,517 | 460,726 | |||||||||||||||||
Other expense (principally interest expense and other (expense) income) | 494,868 | 485,554 | 278,441 | |||||||||||||||||
Capital expenditure | 20,047 | 18,925 | 11,602 | |||||||||||||||||
Operating Expense [Member]
|
||||||||||||||||||||
Stock-based compensation expense | 1,800 | 2,300 | ||||||||||||||||||
Selling General Administrative And Development Expense [Member]
|
||||||||||||||||||||
Stock-based compensation expense | $ 50,222 | $ 45,108 | $ 52,555 | |||||||||||||||||
|
X | ||||||||||
- Definition
Net Interest Income TV Azteca No definition available.
|
X | ||||||||||
- Definition
Rental and management and network development expenses No definition available.
|
X | ||||||||||
- Definition
Segment operating profit No definition available.
|
X | ||||||||||
- Definition
Segment Reporting Segment Gross Profit No definition available.
|
X | ||||||||||
- Definition
Segment selling, general, administration, and development expenses No definition available.
|
X | ||||||||||
- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Other generally recurring costs associated with normal operations excluding those directly related to the marketing or selling of products and services not otherwise defined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Business Segments (Additional Information Relating to the Company's Operating Segments) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
||||||||
---|---|---|---|---|---|---|---|---|---|---|
Assets | $ 14,089,129 | $ 12,242,395 | [1] | |||||||
Rental And Management [Member] | Domestic [Member]
|
||||||||||
Assets | 8,471,269 | 7,789,578 | [1] | |||||||
Rental And Management [Member] | International [Member]
|
||||||||||
Assets | 5,190,587 | [2] | 3,942,258 | [1],[2] | ||||||
Network Development Services [Member]
|
||||||||||
Assets | 63,956 | 33,941 | [1] | |||||||
Other Segment [Member]
|
||||||||||
Assets | $ 363,317 | [3] | $ 476,618 | [1],[3] | ||||||
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Business Segments (Summarized Geographic Information Related to the Company's Operating Revenues) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Segment revenues | $ 768,374 | $ 713,335 | $ 697,734 | $ 696,517 | $ 653,199 | $ 630,403 | $ 597,235 | $ 562,695 | $ 2,875,960 | $ 2,443,532 | $ 1,985,335 |
UNITED STATES
|
|||||||||||
Segment revenues | 2,013,159 | 1,801,607 | 1,614,436 | ||||||||
International [Member]
|
|||||||||||
Segment revenues | 862,801 | 641,925 | 370,899 | ||||||||
International [Member] | BRAZIL
|
|||||||||||
Segment revenues | 198,068 | 177,526 | 104,922 | ||||||||
International [Member] | CHILE
|
|||||||||||
Segment revenues | 22,114 | 7,380 | 735 | ||||||||
International [Member] | COLOMBIA
|
|||||||||||
Segment revenues | 48,424 | 13,690 | 1,553 | ||||||||
International [Member] | GERMANY
|
|||||||||||
Segment revenues | 4,030 | 0 | 0 | ||||||||
International [Member] | GHANA
|
|||||||||||
Segment revenues | 81,818 | 41,464 | 0 | ||||||||
International [Member] | INDIA
|
|||||||||||
Segment revenues | 181,863 | 170,680 | 98,799 | ||||||||
International [Member] | MEXICO
|
|||||||||||
Segment revenues | 217,473 | 183,175 | 164,039 | ||||||||
International [Member] | PERU
|
|||||||||||
Segment revenues | 5,310 | 4,546 | 851 | ||||||||
International [Member] | SOUTH AFRICA
|
|||||||||||
Segment revenues | 80,202 | 43,464 | 0 | ||||||||
International [Member] | UGANDA
|
|||||||||||
Segment revenues | $ 23,499 | $ 0 | $ 0 |
X | ||||||||||
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Business Segments (Summarized Geographic Information Related to the Company's Long-lived Assets) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
||||||||
---|---|---|---|---|---|---|---|---|---|---|
Long-Lived Assets | $ 11,817,094 | [1],[2] | $ 10,153,065 | [1],[2] | ||||||
UNITED STATES
|
||||||||||
Long-Lived Assets | 7,558,076 | [2] | 7,053,599 | [2] | ||||||
International [Member]
|
||||||||||
Long-Lived Assets | 4,259,018 | [2],[3] | 3,099,466 | [2],[3] | ||||||
International [Member] | BRAZIL
|
||||||||||
Long-Lived Assets | 909,330 | [2],[3] | 695,923 | [2],[3] | ||||||
International [Member] | CHILE
|
||||||||||
Long-Lived Assets | 196,387 | [2],[3] | 178,670 | [2],[3] | ||||||
International [Member] | COLOMBIA
|
||||||||||
Long-Lived Assets | 380,326 | [2],[3] | 316,096 | [2],[3] | ||||||
International [Member] | GERMANY
|
||||||||||
Long-Lived Assets | 539,670 | [2],[3] | 0 | [2],[3] | ||||||
International [Member] | GHANA
|
||||||||||
Long-Lived Assets | 377,553 | [2],[3] | 427,759 | [2],[3] | ||||||
International [Member] | INDIA
|
||||||||||
Long-Lived Assets | 676,049 | [2],[3] | 671,091 | [2],[3] | ||||||
International [Member] | MEXICO
|
||||||||||
Long-Lived Assets | 709,341 | [2],[3] | 546,678 | [2],[3] | ||||||
International [Member] | PERU
|
||||||||||
Long-Lived Assets | 65,756 | [2],[3] | 63,956 | [2],[3] | ||||||
International [Member] | SOUTH AFRICA
|
||||||||||
Long-Lived Assets | 230,833 | [2],[3] | 199,293 | [2],[3] | ||||||
International [Member] | UGANDA
|
||||||||||
Long-Lived Assets | $ 173,773 | [2],[3] | $ 0 | [2],[3] | ||||||
|
X | ||||||||||
- Definition
Long-lived assets: property, plant and equipment, goodwill and other intangible assets. No definition available.
|
Business Segments (Major Customers) (Details)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Percentage of revenues | 10.00% | 10.00% | 10.00% |
AT&T Mobility [Member]
|
|||
Percentage of revenues | 18.00% | 20.00% | 20.00% |
Sprint Nextel [Member]
|
|||
Percentage of revenues | 14.00% | 14.00% | 16.00% |
Verizon Wireless [Member]
|
|||
Percentage of revenues | 11.00% | 12.00% | 15.00% |
X | ||||||||||
- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Selected Quarterly Financial Data (Schedule Of Quarterly Financial Information) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|||||||||||||
Selected Quarterly Financial Data | |||||||||||||||||||||||
Operating revenues | $ 768,374 | $ 713,335 | $ 697,734 | $ 696,517 | $ 653,199 | $ 630,403 | $ 597,235 | $ 562,695 | $ 2,875,960 | $ 2,443,532 | $ 1,985,335 | ||||||||||||
Cost of operations | 194,206 | [1] | 184,904 | [1] | 172,384 | [1] | 170,985 | [1] | 165,618 | [1] | 168,933 | [1] | 151,077 | [1] | 135,328 | [1] | 722,479 | [1] | 620,956 | [1] | |||
Operating income | 279,235 | 295,552 | 270,486 | 274,446 | 247,738 | 228,305 | 225,789 | 218,300 | 1,119,719 | 920,132 | 784,378 | ||||||||||||
Net income | 118,153 | 231,825 | 33,689 | 210,358 | 196,434 | (19,726) | 113,171 | 91,961 | 594,025 | 381,840 | 373,606 | ||||||||||||
Net income attributable to American Tower Corporation | $ 135,679 | $ 232,089 | $ 48,209 | $ 221,306 | $ 205,110 | $ (15,701) | $ 115,211 | $ 91,842 | $ 637,283 | $ 396,462 | $ 372,936 | ||||||||||||
Basic net income per common share (in dollars per share) | $ 0.34 | $ 0.59 | $ 0.12 | $ 0.56 | $ 0.52 | $ (0.04) | $ 0.29 | $ 0.23 | $ 1.61 | $ 1.00 | $ 0.93 | ||||||||||||
Diluted net income per common share (in dollars per share) | $ 0.34 | $ 0.58 | $ 0.12 | $ 0.56 | $ 0.52 | $ (0.04) | $ 0.29 | $ 0.23 | $ 1.60 | $ 0.99 | $ 0.92 | ||||||||||||
|
X | ||||||||||
- Definition
Cost of operating expense, exclusive of depreciation, amortization and accretion, selling, general, administrative and development expense, and other operating expense. No definition available.
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Subsequent Events (Details) (USD $)
|
0 Months Ended | |
---|---|---|
Jan. 31, 2013
|
Jan. 08, 2013
|
|
Mexico Axtel Acquisition [Member]
|
||
Aggregate purchase price | $ 248,500,000 | |
Number Of Sites Acquired | 883 | |
Three Point Five Zero Notes [Member]
|
||
Proceeds from Issuance of Debt | 983,400,000 | |
Debt Amount Of Principal Redemption Percentage | 100.00% | |
Repurchase Price As Percentage Of Principal | 101.00% | |
Repayment of indebtedness under credit facility | 718,400,000 | 265,000,000 |
Debt Instrument Interest Rate | 3.50% | |
Debt Issuance Percentage Less Discount | 99.185% | |
Debt Instrument, Face Amount | $ 1,000,000,000 | $ 1,000,000,000 |
X | ||||||||||
- Definition
Debt Amount Of Principal Redemption Percentage No definition available.
|
X | ||||||||||
- Definition
The percentage of debt that was originally recognized less the discount at the issuance of the instrument . No definition available.
|
X | ||||||||||
- Definition
Number Of Communications Sites Acquired No definition available.
|
X | ||||||||||
- Definition
Repayment of indebtedness under credit facility No definition available.
|
X | ||||||||||
- Definition
Repurchase price as percentage of principal No definition available.
|
X | ||||||||||
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. No definition available.
|
Real Estate And Accumulated Depreciation (Schedule Of Real Estate And Accumulated Depreciation) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
||||||||||
Real Estate And Accumulated Depreciation Disclosure | ||||||||||
Description of Property | 54,604 sites | [1] | ||||||||
Amount of Encumbrances | $ 2,120,804 | [2] | ||||||||
Initial cost to the Company | 0 | [3] | ||||||||
Costs Capitalized Subsequent to Acquisition | 0 | [3] | ||||||||
Gross amount at which carried at close of the period. | 8,316,547 | [4] | ||||||||
Accumulated Depreciation | $ (2,968,230) | |||||||||
Date of construction | Various | |||||||||
Date Acquired | Various | |||||||||
Life on which depreciation in latest income statement is computed | Up to 20 years | |||||||||
Percentage Of Gross Amounts Maximum | 5.00% | |||||||||
|
X | ||||||||||
- Definition
Percentage Of Gross Amounts Maximum No definition available.
|
X | ||||||||||
- Definition
Gross amount at which the assets and improvements are carried at the end of the period. No definition available.
|
X | ||||||||||
- Definition
Initial cost to the Entity No definition available.
|
X | ||||||||||
- Definition
Date the property was acquired. No definition available.
|
X | ||||||||||
- Definition
Date the property was constructed. No definition available.
|
X | ||||||||||
- Definition
Estimated economic life range on which depreciation was computed. No definition available.
|
X | ||||||||||
- Definition
The amount of accumulated depreciation for the property as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of a lien or mortgage outstanding as of the balance sheet date on a specific property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of improvements made to the property and capitalized after acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This description includes the geographical location and the type of property (unimproved land, parking garage, shopping center, garden apartment, retail outlet, multi-tenant commercial), and may include the name of the property (such as ABC Shopping Center). An amount not exceeding five percent of the total carrying amount of all real estate investments may be described as miscellaneous investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Real Estate And Accumulated Depreciation (Activity Of Real Estate And Accumulated Depreciation) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
||||||||||||||||
ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward | ||||||||||||||||
Gross amount at which carried at beginning of period | $ 7,192,641 | |||||||||||||||
Real Estate, Acquisitions Through Foreclosures | 0 | |||||||||||||||
Other acquisitions | 739,144 | [1] | ||||||||||||||
Discretionary capital projects | 217,935 | [2] | ||||||||||||||
Discretionary ground lease purchases | 93,990 | [3] | ||||||||||||||
Redevelopment capital expenditures | 67,309 | [4] | ||||||||||||||
Capital improvements | 70,453 | [5] | ||||||||||||||
Other Additions | 30,813 | [6] | ||||||||||||||
Total additions | 1,219,644 | |||||||||||||||
Cost of real estate sold or disposed | (15,288) | |||||||||||||||
Other Deductions | (80,450) | [7] | ||||||||||||||
Total deductions | (95,738) | |||||||||||||||
Balance at close period | 8,316,547 | |||||||||||||||
ReconciliationOfRealEstateAccumulatedDepreciationRollForward | ||||||||||||||||
Gross amount of accumulated depreciation at beginning of period | (2,646,927) | |||||||||||||||
Depreciation | (344,778) | |||||||||||||||
Other Additions | (253) | |||||||||||||||
Total additions | (345,031) | |||||||||||||||
Amount of accumulated depreciation for assets sold or disposed | 10,920 | |||||||||||||||
Other deductions | 12,808 | |||||||||||||||
Total deductions | 23,728 | |||||||||||||||
Balance at close of period | $ (2,968,230) | |||||||||||||||
|
X | ||||||||||
- Definition
Amount of discretionary capital projects made to real estate investments during the period. No definition available.
|
X | ||||||||||
- Definition
Amount of ground lease purchase investments during the period. No definition available.
|
X | ||||||||||
- Definition
Total additions to accumulated depreciation during the period. No definition available.
|
X | ||||||||||
- Definition
Total additions to cost during the period. No definition available.
|
X | ||||||||||
- Definition
Total deductions to accumulated depreciation during the period. No definition available.
|
X | ||||||||||
- Definition
Total deductions to cost during the period. No definition available.
|
X | ||||||||||
- Definition
Amount of redevelopment capital expenditures made to real estate investments during the period. No definition available.
|
X | ||||||||||
- Definition
The amount as of the balance sheet date of accumulated depreciation pertaining to real estate properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of depreciation expense for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of other additions to accumulated depreciation for the period other than the increase due to depreciation expense for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Decreases or increases in accumulated depreciation for the period other than deductions attributed to real estate sold or written-off. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount that was removed from accumulated depreciation pertaining to real estate that was sold in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of real estate investments acquired through foreclosure during the period. Title through foreclosure occurs in a legal proceeding in which a secured creditor obtains title typically by bidding the amount of debt owed to it after the borrower has defaulted on the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying amount of real estate sold during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount of real estate as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of improvements made to real estate investments during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of real estate investments acquired other than through foreclosure during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase to real estate investments during the period other than acquisitions and improvements made to real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total other decrease (increase) in the carrying amount of real estate investments during the period other than cost of real estate sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|