Document and Entity Information
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3 Months Ended | |
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Mar. 31, 2014
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Apr. 22, 2014
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Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2014 | |
Document Fiscal Year Focus | 2014 | |
Document Fiscal Period Focus | Q1 | |
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 | 395,745,715 |
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If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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End date of current fiscal year in the format --MM-DD. No definition available.
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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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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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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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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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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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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
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
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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- 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
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. 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
Amount of liabilities and equity items, 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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- Definition
Amount of long-term debt and capital lease obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of long-term debt, after 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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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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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
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that 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 after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. 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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- 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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CONDENSED CONSOLIDATED BALANCE SHEETS-Unaudited (Parenthetical) (USD $)
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Mar. 31, 2014
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Dec. 31, 2013
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Statement of Financial Position [Abstract] | ||
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 | 398,470,269 | 397,674,350 |
Common Stock, Shares, Outstanding | 395,660,243 | 394,864,324 |
Treasury stock, shares | 2,810,026 | 2,810,026 |
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- Definition
Face amount or stated value per share of common stock. 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 preferred stock nonredeemable or redeemable solely at the option of the issuer. 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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- 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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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS-Unaudited (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2014
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Mar. 31, 2013
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REVENUES: | ||
Rental and management | $ 960,120 | $ 777,433 |
Network development services | 23,969 | 25,295 |
Total operating revenues | 984,089 | 802,728 |
OPERATING EXPENSES: | ||
Rental and management (including stock-based compensation expense of $372 and $246, respectively) | 250,835 | 191,295 |
Network development services (including stock-based compensation expense of $132 and $192, respectively) | 9,934 | 10,471 |
Depreciation, amortization and accretion | 245,763 | 185,804 |
Selling, general, administrative and development expense (including stock-based compensation expense of $24,100 and $20,604, respectively) | 110,029 | 101,153 |
Other operating expenses | 13,891 | 14,319 |
Total operating expenses | 630,452 | 503,042 |
OPERATING INCOME | 353,637 | 299,686 |
OTHER INCOME (EXPENSE): | ||
Interest income, TV Azteca, net of interest expense of $371 and $371, respectively | 2,595 | 3,543 |
Interest income | 2,018 | 1,714 |
Interest expense | (143,307) | (111,766) |
Loss on retirement of long-term obligations | (238) | (35,298) |
Other (expense) income (including unrealized foreign currency (losses) gains of ($2,005) and $22,143, respectively) | (3,743) | 22,291 |
Total other expense | (142,675) | (119,516) |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 210,962 | 180,170 |
Income tax provision | (17,649) | (19,222) |
NET INCOME | 193,313 | 160,948 |
Net loss attributable to noncontrolling interest | 9,186 | 10,459 |
NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION | $ 202,499 | $ 171,407 |
NET INCOME PER COMMON SHARE AMOUNTS: | ||
Basic net income attributable to American Tower Corporation (in dollars per share) | $ 0.51 | $ 0.43 |
Diluted net income attributable to American Tower Corporation (in dollars per share) | $ 0.51 | $ 0.43 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | ||
Basic (in shares) | 395,146 | 395,239 |
Diluted (in shares) | 399,120 | 399,659 |
DISTRIBUTIONS DECLARED, PER SHARE (in dollars per share) | $ 0.32 | $ 0.26 |
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- Definition
Interest Income, Excluding Separately Disclosed Interest Income No definition available.
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- Definition
Material third party interest income, net of interest expense related to the same material third party. No definition available.
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- 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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- 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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- 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
Amount of expense incurred and directly related to generating revenue from leased and rented property or equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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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- 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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- 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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- 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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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- 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
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- 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
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- 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
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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
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
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- 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
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- 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
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- 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
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- 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
|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS-Unaudited (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Stock-based compensation expense | $ 24,604 | $ 21,042 |
Unrealized foreign currency losses | (2,005) | 22,143 |
Rental And Management [Member]
|
||
Stock-based compensation expense | 372 | 246 |
Network Development Services [Member]
|
||
Stock-based compensation expense | 132 | 192 |
Selling General Administrative And Development Expense [Member]
|
||
Stock-based compensation expense | 24,100 | 20,604 |
TV Azteca [Member]
|
||
Net of interest expense | $ 371 | $ 371 |
X | ||||||||||
- Definition
Net Of Interest Expense No definition available.
|
X | ||||||||||
- Definition
Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. 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
|
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME-Unaudited (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 193,313 | $ 160,948 |
Other comprehensive income (loss): | ||
Changes in fair value of cash flow hedges, net of tax expense of $117 and $111, respectively | (704) | (1,044) |
Reclassification of unrealized losses on cash flow hedges to net income, net of taxes of $55 and $59, respectively | 914 | 549 |
Foreign currency translation adjustments, net of taxes of $1,056 and $13,732, respectively | 22,492 | 27,427 |
Other comprehensive income | 22,702 | 26,932 |
Comprehensive income | 216,015 | 187,880 |
Comprehensive loss attributable to noncontrolling interest | 25,294 | 8,831 |
Comprehensive income attributable to American Tower Corporation | $ 241,309 | $ 196,711 |
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of (increase) decrease in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and 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
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
|
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME-Unaudited (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Statement of Comprehensive Income [Abstract] | ||
Net change in fair value of cash flow hedges, tax | $ 117 | $ 111 |
Reclassification of unrealized losses on cash flow hedges to net income, tax | 55 | 59 |
Foreign currency translation adjustments, tax | $ 1,056 | $ 13,732 |
X | ||||||||||
- Definition
Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and 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 | ||||||||||
- Details
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS-Unaudited (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: | ||
Net income | $ 193,313 | $ 160,948 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Stock-based compensation expense | 24,604 | 21,042 |
Depreciation, amortization and accretion | 245,763 | 185,804 |
Loss on early retirement of securitized debt | 238 | 35,288 |
Other non-cash items reflected in statements of operations | 5,060 | (7,496) |
Increase in net deferred rent asset | (21,393) | (26,806) |
(Increase) decrease in restricted cash | (8,347) | 22,583 |
Increase in assets | (43,449) | (7,374) |
Increase in liabilities | 80,793 | 10,047 |
Cash provided by operating activities | 476,582 | 394,036 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Payments for purchase of property and equipment and construction activities | (213,891) | (123,905) |
Payments for acquisitions, net of cash acquired | (62,761) | (245,094) |
Proceeds from sale of short-term investments and other non-current assets | 138,228 | 7,150 |
Payments for short-term investments | (151,263) | (14,650) |
Deposits, restricted cash, investments and other | (1,369) | (129) |
Cash used for investing activities | (291,056) | (376,628) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Repayments of short-term borrowings | (172) | 0 |
Borrowings under credit facilities | 0 | 249,000 |
Proceeds from issuance of senior notes, net | 769,640 | 983,354 |
Proceeds from other long-term borrowings | 3,033 | 0 |
Proceeds from issuance of Securities in securitization transaction, net | 0 | 1,778,496 |
Repayments of notes payable, credit facilities and capital leases | (916,632) | (2,937,744) |
(Distributions to) contributions from noncontrolling interest holders, net | (154) | 7,658 |
Purchases of common stock | 0 | (12,480) |
Proceeds from stock options | 13,795 | 6,140 |
Payment for early retirement of securitized debt | 0 | (29,234) |
Deferred financing costs and other financing activities | (21,857) | (10,561) |
Distributions | (554) | 0 |
Cash (used for) provided by financing activities | (152,901) | 34,629 |
Net effect of changes in foreign currency exchange rates on cash and cash equivalents | 7,238 | 21,051 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | 39,863 | 73,088 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 293,576 | 368,618 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 333,439 | 441,706 |
CASH PAID FOR INCOME TAXES (NET OF REFUNDS OF $738 AND $704, RESPECTIVELY) | 19,094 | 13,543 |
CASH PAID FOR INTEREST | 154,497 | 95,251 |
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
INCREASE IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES FOR PURCHASES OF PROPERTY AND EQUIPMENT AND CONSTRUCTION ACTIVITIES | 7,809 | 1,691 |
PURCHASES OF PROPERTY AND EQUIPMENT UNDER CAPITAL LEASES | $ 6,301 | $ 4,495 |
X | ||||||||||
- Definition
Increase (decrease) during the period in future cash outflow to pay for purchases of fixed assets that have occurred. No definition available.
|
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.
|
X | ||||||||||
- Details
|
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
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
|
X | ||||||||||
- 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. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The difference between the reacquisition price and the net carrying amount of the extinguished debt recognized currently as a component of income in the period of extinguishment, net of tax. 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 increase (decrease) during the reporting period in the aggregate amount of assets used to generate operating income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities that result from activities that generate operating income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for incremental, external costs directly pertaining to an early extinguishment of debt, including legal costs and prepayment penalties, and excluding interest and repayment of debt principal. No definition available.
|
X | ||||||||||
- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
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
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
|
X | ||||||||||
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
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
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
|
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
Difference between actual rental income due and rental income recognized on a straight-line basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS-Unaudited (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Statement of Cash Flows [Abstract] | ||
Proceeds from income tax refunds | $ 738 | $ 704 |
X | ||||||||||
- Definition
The amount of cash received during the period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
CONDENSED CONSOLIDATED STATEMENT OF EQUITY-Unaudited (USD $)
In Thousands, except Share data, unless otherwise specified |
Total
|
Common Stock
|
Treasury Stock
|
Additional Paid-in Capital
|
Other Comprehensive (Loss) Income
|
Earnings (Distributions) in Excess of Distributions (Earnings)
|
Noncontrolling Interest
|
---|---|---|---|---|---|---|---|
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) | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Stock-based compensation related activity (shares) | 660,809 | ||||||
Stock-based compensation related activity | 17,144 | 7 | 17,137 | ||||
Treasury stock activity (shares) | (164,120) | ||||||
Treasury stock activity | (12,480) | (12,480) | |||||
Change in fair value of cash flow hedges, net of tax | (1,044) | (1,115) | 71 | ||||
Reclassification of unrealized losses on cash flow hedges to net income, net of tax | 549 | 511 | 38 | ||||
Foreign currency translation adjustment, net of tax | 27,427 | 25,908 | 1,519 | ||||
Contributions from non-controlling interest | 7,820 | 7,820 | |||||
Distributions to non-controlling interest | (162) | (162) | |||||
Dividends/distributions declared | (102,861) | (102,861) | |||||
Net income (loss) | 160,948 | 171,407 | (10,459) | ||||
BALANCE at Mar. 31, 2013 | 3,781,522 | 3,966 | (75,208) | 5,029,261 | (158,043) | (1,128,361) | 109,907 |
BALANCE (shares) at Mar. 31, 2013 | 396,624,027 | (1,036,125) | |||||
BALANCE at Dec. 31, 2013 | 3,590,040 | 3,976 | (207,740) | 5,130,616 | (311,220) | (1,081,467) | 55,875 |
BALANCE (shares) at Dec. 31, 2013 | 394,864,324 | 397,674,350 | (2,810,026) | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Stock-based compensation related activity (shares) | 795,919 | ||||||
Stock-based compensation related activity | 22,794 | 8 | 22,786 | ||||
Change in fair value of cash flow hedges, net of tax | (704) | (780) | 76 | ||||
Reclassification of unrealized losses on cash flow hedges to net income, net of tax | 914 | 879 | 35 | ||||
Foreign currency translation adjustment, net of tax | 22,492 | 38,711 | (16,219) | ||||
Distributions to non-controlling interest | (154) | (154) | |||||
Dividends/distributions declared | (127,090) | (127,090) | |||||
Net income (loss) | 193,313 | 202,499 | (9,186) | ||||
BALANCE at Mar. 31, 2014 | $ 3,701,605 | $ 3,984 | $ (207,740) | $ 5,153,402 | $ (272,410) | $ (1,006,058) | $ 30,427 |
BALANCE (shares) at Mar. 31, 2014 | 395,660,243 | 398,470,269 | (2,810,026) |
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
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
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and 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
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
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 (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
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
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
|
Description of Business, Basis of Presentation and Accounting Policies
|
3 Months Ended |
---|---|
Mar. 31, 2014
|
|
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description of Business, Basis of Presentation and Accounting Policies | Description of Business, Basis of Presentation and Accounting Policies 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, Costa Rica, Germany, Ghana, India, Mexico, Panama, 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. Since January 1, 2012, the Company has been organized and has qualified as a real estate investment trust (“REIT”) for U.S. federal income tax purposes. 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 holding and operating subsidiaries and joint ventures. The Company holds and operates certain of its assets through one or more taxable REIT subsidiaries (“TRSs”). 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 businesses that the Company holds through its TRSs primarily include certain of its international operations and a portion of our managed network business. As a REIT, the Company generally is not subject to federal income taxes on its income and gains that the Company distributes to its stockholders, including the income derived from leasing space on its towers. However, even as a REIT, the Company remains obligated to pay income taxes on earnings from its TRS operations. In addition, the Company’s international assets and operations, including those designated as direct or indirect qualified REIT subsidiaries or other disregarded entities of a REIT (collectively, “QRSs”), continue to be subject to taxation in the foreign jurisdictions where those assets are held or those operations are conducted. The Company may, from time to time, change the election of previously designated TRSs that hold certain of its operations to be treated as QRSs, and may reorganize and transfer certain assets or operations from its TRSs to other subsidiaries, including QRSs. For all periods subsequent to the conversion from a TRS to a QRS, the Company includes the income from the QRSs as part of its REIT taxable income for the purpose of computing the Company’s REIT distribution requirements. During the quarter ended March 31, 2014, the Company restructured certain of its domestic TRSs, which included a portion of its network development services segment and indoor DAS networks business, to be treated as QRSs. As of March 31, 2014, in addition to these businesses, the Company’s QRSs include its domestic tower leasing business and most of its operations in Costa Rica, Mexico and Panama. The Company changed the previous TRS election for certain of its German subsidiaries to be treated as QRSs as of April 1, 2014. The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. The financial information included herein is unaudited; however, the Company believes that all adjustments (consisting primarily of normal recurring adjustments) considered necessary for a fair presentation of the Company’s financial position and results of operations for such periods have been included. These condensed consolidated financial statements and related notes should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Principles of Consolidation and Basis of Presentation—The accompanying condensed 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 requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ from those estimates, and such differences could be material to the accompanying condensed consolidated financial statements. The significant estimates in the accompanying condensed 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. Functional Currency—The functional currency of the Company’s foreign operating subsidiaries is the respective local currency, except for Costa Rica and Panama, where the functional currency is the U.S. Dollar. All foreign currency 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 and all foreign currency revenues and expenses are translated at the average monthly exchange rates. Translation adjustments are reflected in equity as a component of Accumulated other comprehensive income (loss) (“AOCI”) in the condensed consolidated balance sheet. Transactional gains and losses on foreign currency transactions are reflected in Other expense (income) in the condensed consolidated statements of operations. However, the effect from fluctuations in foreign currency exchange rates on intercompany notes whose payment is not planned or anticipated in the foreseeable future, is reflected in AOCI in the condensed consolidated balance sheet. During the three months ended March 31, 2014, the Company recorded unrealized foreign currency losses of $15.5 million, of which $13.5 million was recorded in AOCI and $2.0 million was recorded in Other expense (income). Accounting Standards Updates—In April 2014, the Financial Accounting Standards Board (the “FASB”) issued additional guidance on reporting discontinued operations. Under this guidance, only disposals representing a strategic shift in operations would be presented as discontinued operations. This guidance would require expanded disclosures about discontinued operations that would provide information about the assets, liabilities, income and expenses of discontinued operations. Additionally, the guidance would require disclosure of the pre-tax income attributable to a disposal of a significant part of an entity that does not qualify for discontinued operations reporting. This guidance will be effective for reporting periods beginning on or after December 15, 2014. The FASB permits early adoption of this standard, but only for disposals or classifications as held for sale that have not been reported in financial statements previously issued or available for issuance. The impact of the adoption of this accounting standard update on the Company’s statements of operations, balance sheet, cash flows and disclosures will be based on the Company’s future disposal activity. |
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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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Mar. 31, 2014
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Prepaid Expense and Other Assets, Current [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepaid and Other Current Assets | Prepaid and Other Current Assets Prepaid and other current assets consists of the following as of (in thousands):
(1) December 31, 2013 balances have been revised to reflect purchase accounting measurement period adjustments. |
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The entire disclosure for other current assets. No definition available.
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Goodwill and Other Intangible Assets
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Mar. 31, 2014
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Goodwill and Other Intangible Assets | 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 as of (in thousands):
The acquired network location intangibles represent the value to the Company of the incremental revenue growth that 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 Company amortizes its acquired network intangibles and customer-related intangibles on a straight-line basis over their estimated useful lives. As of March 31, 2014, the remaining weighted average amortization period of the Company’s intangible assets, excluding deferred financing costs and the TV Azteca Economic Rights detailed in note 5 to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2013, is approximately 16 years. Amortization of intangible assets for the three months ended March 31, 2014 and 2013 was approximately $102.6 million and $60.5 million (excluding amortization of deferred financing costs, which is included in Interest expense), respectively. Based on current exchange rates, the Company expects to record amortization expense (excluding amortization of deferred financing costs) as follows over the remaining current year and the next five subsequent years (in millions):
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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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Accrued Expenses
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Mar. 31, 2014
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Accrued Expenses | Accrued Expenses Accrued expenses consists of the following as of (in thousands):
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The entire disclosure for accrued liabilities at the end of the reporting period. No definition available.
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Long-term Obligations
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Mar. 31, 2014
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Securities Financing Transactions [Abstract] | |
Financing Transactions | Long-Term Obligations Current portion of long-term obligations—In connection with its acquisition of MIP Tower Holdings LLC (“MIPT”) (see note 14) on October 1, 2013, the Company assumed approximately $1.49 billion principal amount of existing indebtedness under six series, consisting of eleven separate classes, of Secured Tower Revenue Notes issued by certain subsidiaries of Global Tower Partners (“GTP”) in several securitization transactions (the “GTP Notes”). The Series 2010-1 Class C Notes and the Series 2010-1 Class F Notes (together, the “Series 2010-1 Notes”) have an aggregate principal amount of $250.0 million and an anticipated repayment date of February 15, 2015. As a result, the aggregate principal balance of $250.0 million and the unamortized premium of $4.7 million of the Series 2010-1 Notes is reflected in Current portion of long-term obligations on the condensed consolidated balance sheet. Subsidiary Debt Costa Rica Loan—In connection with its acquisition of MIPT (see note 14), the Company assumed $32.6 million of secured debt in Costa Rica (the “Costa Rica Loan”), which was repaid in full on February 12, 2014. Colombian Bridge Loans—In connection with the acquisition of communications sites in Colombia, one of the Company’s Colombian subsidiaries entered into six Colombian Pesos (“COP”) denominated bridge loans for an aggregate principal amount of 108.0 billion COP (approximately $55.0 million as of March 31, 2014). In April 2014, the maturity date of the loans was extended to June 22, 2014 and the interest rate decreased from 7.94% to 7.89%. Mexican Loan—In connection with the acquisition of towers in Mexico from NII Holdings, Inc. (“NII”) during the fourth quarter of 2013, one of the Company’s Mexican subsidiaries entered into a 5.2 billion Mexican Pesos (“MXN”) denominated unsecured bridge loan (the “Mexican Loan”) and subsequently borrowed approximately 4.9 billion MXN (approximately $376.9 million as of March 31, 2014). On March 31, 2014, the Mexican subsidiary repaid 1.1 billion MXN (approximately $80.3 million) of the outstanding indebtedness with cash on hand. The Mexican subsidiary’s ability to draw down the remaining 0.3 billion MXN under the Mexican Loan expired on February 28, 2014. Colombian Loan—In connection with the establishment of the Company’s joint venture with Millicom International Cellular SA (“Millicom”) and the acquisition of certain communications sites in Colombia, ATC Colombia B.V., a majority 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. Pursuant to the loan agreement, accrued interest is periodically capitalized and added to the principal amount outstanding. 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. During the three months ended March 31, 2014, the joint venture borrowed an additional $3.0 million under the Colombian Loan, resulting in $38.7 million outstanding at March 31, 2014. Borrowings subsequent to the initial loan mature approximately ten years from the date of such borrowing. Credit Facilities 2012 Credit Facility—In January 2014, the Company repaid $88.0 million of outstanding indebtedness under its $1.0 billion senior unsecured revolving credit facility (the “2012 Credit Facility”) with net proceeds from a registered public offering of $250.0 million aggregate principal amount of reopened 3.40% senior unsecured notes due 2019 and $500.0 million aggregate principal amount of reopened 5.00% senior unsecured notes due 2024. As of March 31, 2014, the Company has no amounts outstanding under the 2012 Credit Facility and approximately $7.5 million of undrawn letters of credit. The Company maintains the ability to draw down and repay amounts under the 2012 Credit Facility in the ordinary course. The 2012 Credit Facility has a term of five years and matures on January 31, 2017. The 2012 Credit Facility does not require amortization of principal and may be paid prior to maturity in whole or in part at the Company’s option without penalty or premium. The current margin over the London Interbank Offered Rate (“LIBOR”) that the Company would incur (should it choose LIBOR) on borrowings is 1.625%, and the current commitment fee on the undrawn portion of the 2012 Credit Facility is 0.225%. 2013 Credit Facility—In January 2014, the Company repaid $710.0 million of outstanding indebtedness under its $2.0 billion multi-currency senior unsecured revolving credit facility (the “2013 Credit Facility”) with net proceeds from a registered public offering of $250.0 million aggregate principal amount of reopened 3.40% senior unsecured notes due 2019 and $500.0 million aggregate principal amount of reopened 5.00% senior unsecured notes due 2024 and cash on hand. As of March 31, 2014, the Company has $1.1 billion outstanding under the 2013 Credit Facility and approximately $3.2 million of undrawn letters of credit. On April 1, 2014, the Company borrowed an additional $165.0 million to fund an acquisition in the United States (see note 16). The Company maintains the ability to draw down and repay amounts under the 2013 Credit Facility in the ordinary course. The 2013 Credit Facility includes an expansion option allowing the Company to request additional commitments of up to $750.0 million, including in the form of a term loan. The 2013 Credit Facility has a term of five years, matures on June 28, 2018, and includes two one-year renewal periods at the Company’s option. The 2013 Credit Facility does not require amortization of principal and may be paid prior to maturity in whole or in part at the Company’s option without penalty or premium. The current margin over LIBOR that the Company incurs on borrowings is 1.250%, and the current commitment fee on the undrawn portion of the 2013 Credit Facility is 0.150%. Short-Term Credit Facility—On September 20, 2013, the Company entered into a $1.0 billion senior unsecured revolving credit facility (the “Short-Term Credit Facility”). The Short-Term Credit Facility does not require amortization of principal and may be repaid prior to maturity in whole or in part at the Company’s option without penalty or premium. The Company may reduce or terminate the unutilized portion of the commitments under the Short-Term Credit Facility in whole or in part without penalty. The Short-Term Credit Facility matures on September 19, 2014. The current margin over LIBOR that the Company would incur (should it choose LIBOR) on borrowings is 1.250% and the current commitment fee on the undrawn portion is 0.150%. As of March 31, 2014, the Company has no amounts outstanding under the Short-Term Credit Facility and maintains the ability to draw down and repay amounts under the Short-Term Credit Facility in the ordinary course. 2013 Term Loan—On October 29, 2013, the Company entered into a $1.5 billion unsecured term loan (the “2013 Term Loan”), which includes an expansion option allowing the Company to request additional commitments of up to $500.0 million. The 2013 Term Loan matures on January 3, 2019. The current interest rate under the 2013 Term Loan is LIBOR plus 1.250%. Senior Notes Senior Notes Offering—On January 10, 2014, the Company completed a registered public offering through a reopening of its (i) 3.40% senior unsecured notes due 2019 (the “3.40% Notes”), in an aggregate principal amount of $250.0 million and (ii) 5.00% senior unsecured notes due 2024 (the “5.00% Notes”), in an aggregate principal amount of $500.0 million. The net proceeds from the offering were approximately $763.8 million, after deducting commissions and estimated expenses. As of March 31, 2014, the aggregate outstanding principal amount of each of the 3.40% Notes and the 5.00% Notes is $1.0 billion. The Company used a portion of the proceeds, together with cash on hand, to repay $88.0 million of outstanding indebtedness under the 2012 Credit Facility and $710.0 million of outstanding indebtedness under the 2013 Credit Facility. The reopened 3.40% Notes issued on January 10, 2014 have identical terms as, are fungible with and are part of a single series of senior debt securities with the 3.40% Notes issued on August 19, 2013. The reopened 5.00% Notes issued on January 10, 2014 have identical terms as, are fungible with and are part of a single series of senior debt securities with the 5.00% Notes issued on August 19, 2013. The 3.40% Notes will mature on February 15, 2019 and bear interest at a rate of 3.40% per annum. The 5.00% Notes will mature on February 15, 2024 and bear interest at a rate of 5.00% per annum. Accrued and unpaid interest on the 3.40% Notes and the 5.00% Notes is payable in U.S. Dollars semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2014. Interest on the 3.40% Notes and the 5.00% Notes accrues from August 19, 2013 and is computed on the basis of a 360-day year comprised of twelve 30-day months. The Company may redeem the 3.40% Notes or the 5.00% 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. If the Company undergoes a change of control and ratings decline, each as defined in the supplemental indenture, the Company may be required to repurchase all of the 3.40% Notes and the 5.00% Notes at a purchase price equal to 101% of the principal amount of the 3.40% Notes and the 5.00% Notes, plus accrued and unpaid interest (including additional interest, if any), up to but not including the repurchase date. The 3.40% Notes and the 5.00% 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 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. |
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The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments
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Mar. 31, 2014
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Derivative Financial Instruments | 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 portion of changes in the fair value of the derivative is recorded in AOCI and is recognized in the results of operations when the hedged item affects earnings. The ineffective portion of changes in the fair value of cash flow hedges is 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, through certain of its foreign subsidiaries, has entered into interest rate swap agreements to manage its exposure to variability in interest rates on debt in Colombia and South Africa and these interest rate swap agreements have been designated as cash flow hedges. South Africa One of the Company's South African subsidiaries has fifteen interest rate swap agreements outstanding in South Africa, which mature on the earlier of termination of the underlying debt or March 31, 2020. The interest rate swap agreements provide that the Company pay a fixed interest rate ranging from 6.09% to 7.83% and receive variable interest at the three-month Johannesburg Interbank Agreed Rate (“JIBAR”) over the term of the interest rate swap agreements. The notional value is reduced in accordance with the repayment schedule under the related credit agreement. Colombia One of the Company's Colombian subsidiaries has an interest rate swap agreement outstanding in Colombia, which matures on the earlier of termination of the underlying debt or November 30, 2020. The interest rate swap agreement provides that the Company pay a fixed interest rate of 5.78% and receive variable interest at the three-month Inter-bank Rate (“IBR”) over the term of the interest rate swap agreement. The notional value is reduced in accordance with the repayment schedule under the related credit agreement. Costa Rica One of the Company's Costa Rican subsidiaries had three interest rate swaps agreements in Costa Rica, which were terminated upon repayment of the Costa Rica Loan on February 12, 2014. The notional amount and fair value of the interest rate swap agreements are as follows (in thousands):
As of March 31, 2014 and December 31, 2013, the South African interest rate swap agreements were in an asset position and were included in Notes receivable and other non-current assets on the condensed consolidated balance sheets. The Colombian interest rate swap agreement is in a liability position and is included in Other non-current liabilities on the condensed consolidated balance sheets. During the three months ended March 31, 2014 and 2013, the interest rate swap agreements had the following impact on the Company’s condensed consolidated financial statements (in thousands):
As of March 31, 2014, approximately $0.3 million related to derivatives designated as cash flow hedges and recorded in AOCI is expected to be reclassified into earnings in the next twelve months. For additional information on the Company’s interest rate swap agreements, see notes 7 and 8. |
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The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements
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Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | Fair Value Measurements The Company determines the fair value 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:
Items Measured at Fair Value on a Recurring Basis—The fair value of the Company’s financial assets and liabilities that are required to be measured on a recurring basis at fair value is as follows (in thousands):
Interest Rate Swap Agreements The fair value of the Company’s interest rate swap agreements is determined using pricing models with inputs that are observable in the market or can be derived principally from, or corroborated by, observable market data. Fair valuations of the interest rate swap agreements reflect the value of the instrument including the values associated with counterparty risk, the Company’s own credit standing and the value of the net credit differential between the counterparties to the derivative contract. Acquisition-Related Contingent Consideration The Company may be required to pay additional consideration under certain agreements for the acquisition of communications sites if specific conditions are met or events occur. In Colombia and Ghana, the Company may be required to pay additional consideration upon the conversion of certain barter agreements with other wireless carriers to cash-paying lease agreements. In addition, in Costa Rica, Panama and the United States, the Company may be required to pay additional consideration if certain pre-designated tenant leases commence during a specified period of time. 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 condensed 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 condensed consolidated statements of operations. As of March 31, 2014, the Company estimates that the value of all potential acquisition-related contingent consideration required payments to be between zero and $48.8 million. During the three months ended March 31, 2014 and 2013, the fair value of the contingent consideration changed as follows (in thousands):
Items Measured at Fair Value on a Nonrecurring Basis—The Company’s long-lived assets are measured at fair value on a nonrecurring basis using Level 3 inputs. During the three months ended March 31, 2014 and 2013, the Company did not record any asset impairment charges and there were no other items measured at fair value on a nonrecurring basis during the three months ended March 31, 2014. Fair Value of Financial Instruments—The carrying value of the Company’s financial instruments that reasonably approximate fair value at March 31, 2014 and December 31, 2013 includes cash and cash equivalents, restricted cash, accounts receivable and accounts payable. 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 either indicative price quotes or a discounted cash flow analysis using rates for debt with similar terms and maturities. As of March 31, 2014, the carrying value and fair value of long-term obligations, including the current portion, are $14.3 billion and $14.7 billion, respectively, of which $9.0 billion was measured using Level 1 inputs and $5.7 billion was measured using Level 2 inputs. As of December 31, 2013, the carrying value and fair value of long-term obligations, including the current portion, were $14.5 billion and $14.7 billion, respectively, of which $8.6 billion was measured using Level 1 inputs and $6.1 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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Accumulated Other Comprehensive Loss
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Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The changes in Accumulated other comprehensive loss for the three months ended March 31, 2014 and 2013 are as follows (in thousands):
(1) Losses on cash flow hedges have been reclassified into Interest expense in the accompanying condensed consolidated statements of operations. The tax effect of less than $0.1 million is included in income tax expense for the three months ended March 31, 2014.
(1) Losses on cash flow hedges have been reclassified into Interest expense in the accompanying condensed consolidated statements of operations. The tax effect of $0.1 million is included in income tax expense for the three months ended March 31, 2013. |
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The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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Mar. 31, 2014
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Income Tax Expense (Benefit), Continuing Operations [Abstract] | |
Income Taxes | Income Taxes The Company provides for income taxes at the end of each interim period based on the estimated effective tax rate for the full fiscal year. Cumulative adjustments to the Company’s estimate are recorded in the interim period in which a change in the estimated annual effective tax rate is determined. The Company reorganized to qualify as a REIT for the taxable year commencing January 1, 2012. As a REIT, the Company continues to be subject to income taxes on the income of its TRSs, and taxation in foreign jurisdictions where it conducts international operations. Under the provisions of the Internal Revenue Code of 1986, as amended, the Company may deduct amounts distributed to stockholders against the income generated in its QRSs. The Company is able to offset income in both its TRSs and QRSs by utilizing their respective net operating losses. In addition, MIPT has been organized and has qualified as a REIT. It is independently subject to, and must comply with, the same REIT requirements that the Company must satisfy in order to qualify as a REIT, together with all other rules applicable to REITs. 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. Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. As of March 31, 2014 and December 31, 2013, the total amount of unrecognized tax benefits that would impact the effective tax rate, if recognized, was approximately $33.4 million and $31.1 million, respectively. The increase in the amount of unrecognized tax benefits during the three months ended March 31, 2014 is primarily attributable to the additions to the Company’s existing tax positions and fluctuations in foreign currency exchange rates. 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, as described in note 14 to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2013. The impact of the amount of such changes to previously recorded uncertain tax positions could range from zero to $10.8 million. The Company recorded penalties and income tax-related interest expense during the three months ended March 31, 2014 and 2013 of $1.3 million and $1.4 million, respectively. As of March 31, 2014 and December 31, 2013, the total amount of accrued penalties and income tax-related interest included in Other non-current liabilities in the condensed consolidated balance sheets was $32.4 million and $30.9 million, respectively. |
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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
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Share-based Compensation, Allocation and Classification in Financial Statements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-Based Compensation | Stock-Based Compensation The Company recognized stock-based compensation expense during the three months ended March 31, 2014 and 2013 of $24.6 million and $21.0 million, respectively. The Company capitalized $0.4 million of stock-based compensation expense as property and equipment during each of the three months ended March 31, 2014 and 2013. 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 stock options generally expire ten years from the date of grant. As of March 31, 2014, the Company has the ability to grant stock-based awards with respect to an aggregate of 14.0 million shares of common stock under the 2007 Plan. The Company’s Compensation Committee adopted a death, disability and retirement benefits program in connection with equity awards granted on or after January 1, 2013, which provides for accelerated vesting and extended exercise periods of stock options and restricted stock units upon an employee’s death or permanent disability, or upon an employee’s qualified retirement, provided certain eligibility criteria are met. Due to the accelerated recognition of stock-based compensation expense related to awards granted to retirement eligible employees, the Company recognized an incremental $8.5 million and $6.7 million of stock-based compensation expense during the three months ended March 31, 2014 and 2013, respectively. Stock Options—The Company’s option activity for the three months ended March 31, 2014 is as follows:
The fair value of each option granted during the three months ended March 31, 2014 is estimated on the date of grant using the Black-Scholes option pricing model based on the assumptions noted in the table below:
The weighted average grant date fair value per share during the three months ended March 31, 2014 was $14.84. As of March 31, 2014, total unrecognized compensation expense related to unvested stock options is $52.7 million and is expected to be recognized over a weighted average period of approximately three years. Restricted Stock Units—The following table summarizes the Company’s restricted stock unit activity during the three months ended March 31, 2014:
As of March 31, 2014, total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 Plan is $117.9 million and is expected to be recognized over a weighted average period of approximately three years. |
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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
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Equity | Equity 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 $1.5 billion of its common stock (the “2011 Buyback”). On September 6, 2013, the Company temporarily suspended repurchases in connection with its acquisition of MIPT. 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 $1.1 billion under the 2011 Buyback in response to general market conditions and other relevant factors, including its financial policies. 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. Sales of Equity Securities—The Company receives proceeds from sales of its equity securities pursuant to its employee stock purchase plan and upon exercise of stock options granted under its equity incentive plans. During the three months ended March 31, 2014, the Company received an aggregate of $13.8 million in proceeds upon exercises of stock options. Distributions—During the three months ended March 31, 2014, the Company declared the following regular cash distributions to its stockholders:
The Company accrues distributions on unvested restricted stock unit awards granted subsequent to January 1, 2012, which are payable upon vesting. As of March 31, 2014, the amount accrued for distributions payable related to unvested restricted stock units was $1.8 million. During the three months ended March 31, 2014, the Company paid $0.6 million of distributions 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, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Common Share
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Earnings Per Common Share | Earnings Per Common Share Basic net income from continuing operations per common share represents net income from continuing operations attributable to American Tower Corporation divided by the weighted average number of common shares outstanding during the period. Diluted net income from continuing operations per common share represents net 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 and shares issuable upon exercise of stock options as determined under the treasury stock method. Dilutive common share equivalents also include the dilutive impact of the Verizon transaction (see note 13). The following table sets forth basic and diluted net income from continuing operations per common share computational data for the three months ended March 31, 2014 and 2013 (in thousands, except per share data):
For the three months ended March 31, 2014 and 2013, the diluted weighted average number of common shares outstanding excluded shares issuable upon exercise of the Company’s stock options and stock-based awards of 1.7 million and 0.4 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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Mar. 31, 2014
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Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 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, other than the legal proceedings discussed below, 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. TriStar Litigation—The Company is involved in several lawsuits against TriStar Investors LLP and its affiliates (“TriStar”) in various states regarding single tower sites where TriStar has taken land interests under the Company’s owned or managed sites and the Company believes TriStar has induced the landowner to breach obligations to the Company. In addition, on February 16, 2012, TriStar brought a federal action against the Company in the United States District Court for the Northern District of Texas (the “District Court”), in which TriStar principally alleges that the Company made misrepresentations to landowners when competing with TriStar for land under the Company’s owned or managed sites. On January 22, 2013, the Company filed an amended answer and counterclaim against TriStar and certain of its employees, denying Tristar’s claims and asserting that TriStar has engaged in a pattern of unlawful activity, including: (i) entering into agreements not to compete for land under certain towers; and (ii) making widespread misrepresentations to landowners regarding both TriStar and the Company. Both parties are seeking injunctive relief that would prohibit the other party from making certain statements when interacting with landowners, as well as significant damages. On April 3, 2014, the District Court ruled on the parties’ cross-motions for summary judgment, permitting both parties’ claims of misrepresentation to proceed to trial, as well as related state law actions, and dismissing certain of the parties’ other claims. Commitments AT&T Transaction—The Company has an agreement with SBC Communications Inc., a predecessor entity to AT&T Inc. (“AT&T”), that initially provided for the lease or sublease of approximately 2,450 towers from AT&T commencing between December 2000 and August 2004. Substantially all of the towers are part of the Company’s securitization transaction completed in March 2013. 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. As of March 31, 2014, the Company has purchased four of the subleased towers upon expiration of the applicable agreement. The aggregate purchase option price for the remaining towers leased and subleased is approximately $611.2 million as of March 31, 2014, 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, as amended, with Verizon, 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 is approximately $71.7 million as of March 31, 2014. 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 March 31, 2014, would be valued at approximately $111.8 million in the aggregate. 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. On January 21, 2014, the Company received an income tax assessment in the amount of 22.6 billion Indian Rupees (approximately $369.0 million on the date of assessment), asserting tax liabilities arising out of a transfer pricing review of transactions by Essar Telecom Infrastructure Private Limited (“ETIPL”), and more specifically involving the issuance of share capital and the determination by the tax authority that an income tax obligation arose as a result of such issuance. The assessment was made with respect to transactions that took place in the tax year commencing in 2008, prior to the Company’s acquisition of ETIPL. Under the Company’s definitive acquisition agreement of ETIPL, 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. The Company believes that there is no basis upon which the tax assessment can be enforced under existing tax law and accordingly has not recorded an obligation in the consolidated financial statements. The assessment is being challenged with the appellate authorities. |
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Business Combination, Description [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisitions | Acquisitions 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 any related tax impact. The fair value 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. While the Company believes that such preliminary estimates provide a reasonable basis for estimating the fair value of assets acquired and liabilities assumed, it will evaluate any necessary information prior to finalization of the fair value. During the measurement period, the Company will adjust assets 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 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 condensed consolidated financial statements could be subject to a possible impairment of the intangible assets or goodwill, or require acceleration of the amortization expense of intangible assets in subsequent periods. 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 condensed consolidated statements of operations for the three months ended March 31, 2014 from the date of respective 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 recognizes 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, and are included in Other operating expenses. During the three months ended March 31, 2014 and 2013, the Company recognized acquisition and merger related expenses, including the fair value adjustments to contingent consideration, of $9.8 million and $13.6 million, respectively. In addition, during the three months ended March 31, 2014, the Company recorded $2.5 million of integration costs related to recently closed acquisitions. 2014 Acquisitions International Acquisitions—During the three months ended March 31, 2014, the Company acquired a total of twelve communications sites and equipment in Ghana, for an aggregate purchase price of $3.1 million (including value added tax of $0.4 million), and $0.1 million of assets acquired for total consideration of approximately $3.2 million. The purchase price is subject to post-closing adjustments. U.S. Acquisitions—During the three months ended March 31, 2014, the Company acquired a total of three communications sites and equipment, as well as four property interests, for an aggregate purchase price of $3.1 million, subject to post-closing adjustments. The following table summarizes the preliminary allocation of the aggregate purchase price paid and the amounts of assets acquired and liabilities assumed for the fiscal year 2014 acquisitions based upon their estimated fair value at the date of acquisition (in thousands). Balances are reflected in the accompanying condensed consolidated balance sheets as of March 31, 2014.
2013 Acquisitions MIPT Acquisition On October 1, 2013, the Company, through its wholly-owned subsidiary American Tower Investments LLC, acquired 100% of the outstanding common membership interests of MIPT, a private REIT and the parent company of GTP, an owner and operator, through its various operating subsidiaries, of approximately 4,860 communications sites in the United States and approximately 510 communications sites in Costa Rica and Panama. GTP also manages rooftops and holds property interests that it leases to communications service providers and third-party tower operators. The preliminary purchase price of $4.9 billion was satisfied with approximately $3.3 billion in cash, including an aggregate of approximately $2.8 billion from borrowings under the Company’s credit facilities, and the assumption of approximately $1.5 billion of MIPT’s existing indebtedness. The consideration consisted of the following (in thousands):
The following table summarizes the updated allocation of the aggregate purchase price paid and the amounts of assets acquired and liabilities assumed for the MIPT acquisition based upon the estimated fair value at the date of acquisition (in thousands). During the three months ended March 31, 2014, the Company made certain purchase accounting measurement period adjustments of approximately $0.1 million to Prepaid and other current assets and Goodwill. As a result, the Company retrospectively adjusted the fair value of the assets acquired and liabilities assumed in the condensed consolidated balance sheet as of December 31, 2013. Other than Prepaid and other current assets and Goodwill, the balances in the table below as of March 31, 2014 remain unchanged from the balances reflected in the consolidated balance sheets in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
Other 2013 Acquisitions Axtel Mexico Acquisition—On January 31, 2013, the Company acquired 883 communications sites from Axtel, S.A.B. de C.V. for an aggregate purchase price of $248.5 million. NII Acquisition—On August 8, 2013, the Company entered into an agreement with NII to acquire up to 1,666 communications sites in Mexico and 2,790 communications sites in Brazil in two separate transactions, subject to due diligence and customary closing conditions. On November 8, 2013, the Company acquired 1,483 communications sites in Mexico from NII for an aggregate purchase price of approximately $436.0 million (including value added tax of approximately $60.3 million) and net assets of approximately $0.9 million for total cash consideration of approximately $436.9 million. The aggregate purchase price is subject to post-closing adjustments. On December 6, 2013, the Company acquired 1,940 communications sites in Brazil from NII for an aggregate purchase price of approximately $349.0 million, subject to post-closing adjustments. Z Sites Acquisition—On November 29, 2013, the Company acquired 238 communications sites from Z-Sites Locação de Imóveis Ltda for an aggregate purchase price of approximately $122.8 million, subject to post-closing adjustments. Other International Acquisitions—During the year ended December 31, 2013, the Company acquired a total of 714 additional communications sites in Brazil, Chile, Colombia, Ghana, Mexico and South Africa, for an aggregate purchase price of $89.8 million (including contingent consideration of $4.1 million and value added tax of $4.9 million). Other U.S. Acquisitions—During the year ended December 31, 2013, the Company acquired a total of 55 additional communications sites and 23 property interests in the United States for an aggregate purchase price of $65.6 million, subject to post-closing adjustments. The purchase price included cash paid of approximately $65.2 million and net liabilities assumed of approximately $0.4 million. The following table summarizes the preliminary allocation, unless otherwise noted, of the aggregate purchase price paid and the amounts of assets acquired and liabilities assumed for the fiscal year 2013 acquisitions. The allocation is based upon the estimated fair value at the date of acquisition (in thousands). Balances as of March 31, 2014 are unchanged from the balances reflected in the consolidated balance sheets in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
Pro Forma Consolidated Results The following unaudited pro forma information presents the financial results as if the 2013 acquisitions had occurred on January 1, 2012 (in thousands, except per share data). Management relied on various estimates and assumptions due to the fact that some of the 2013 acquisitions never operated as a business and were utilized solely by the seller as a component of their network infrastructure. As a result, historical operating results for these acquisitions are not available. The pro forma results do not include any anticipated cost synergies, costs or other effects of the planned integration of the 2013 acquisitions. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the acquisitions been completed on the dates indicated, nor are they indicative of the future operating results of the Company.
Acquisition-Related Contingent Consideration The Company may be required to pay additional consideration under certain agreements for the acquisition of communications sites if specific conditions are met or events occur. Colombia—Under the terms of the agreement with Colombia Movil S.A. E.S.P., 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 current estimates, the Company expects the value of potential contingent consideration payments required to be made under the agreement to be between zero and $36.0 million and estimates it to be $23.1 million using a probability weighted average of the expected outcomes at March 31, 2014. During the three months ended March 31, 2014, the Company recorded an increase in fair value of $0.5 million in Other operating expenses in the accompanying condensed consolidated statements of operations. Ghana—Under the terms of the agreement, as amended, with MTN Group Limited, 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 current estimates, the Company expects the value of potential contingent consideration payments required to be made under the amended agreement to be between zero and $0.7 million and estimates it to be $0.7 million using a probability weighted average of the expected outcomes at March 31, 2014. MIPT—In connection with the acquisition of MIPT, the Company assumed additional contingent consideration liability related to previously closed acquisitions in Costa Rica, Panama and the United States. The Company is required to make additional payments to the sellers if certain pre-designated tenant leases commence during a limited specified period of time after the applicable acquisition was completed, generally one year or less. The Company initially recorded $9.3 million of contingent consideration liability as part of the preliminary purchase price allocation upon closing of the acquisition. Based on current estimates, the Company expects the value of potential contingent consideration payments required to be made under these agreements to be between zero and $12.1 million and estimates it to be $7.5 million using a probability weighted average of the expected outcomes at March 31, 2014. During the three months ended March 31, 2014, the Company made payments under these agreements of $0.6 million. For more information regarding contingent consideration, see note 7. |
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The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Reporting, Measurement Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segments | 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 and 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, which, as of March 31, 2014, consist of the following:
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 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Among other factors, 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 gross margin and segment operating profit 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 income (expense), Net income (loss) attributable to noncontrolling interest, Income (loss) on equity method investments and Income tax provision (benefit). 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 condensed consolidated statements of operations and condensed consolidated balance sheets. Summarized financial information concerning the Company’s reportable segments for the three months ended March 31, 2014 and 2013 is shown in the following tables. The “Other” column (i) 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 expenses; Interest income; Interest expense; Loss on retirement of long-term obligations; and Other income (expense), and (ii) reconciles segment operating profit to Income from continuing operations before income taxes, as these amounts are not utilized in assessing each segment’s performance.
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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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Subsequent Events
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3 Months Ended |
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Mar. 31, 2014
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Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events Richland Acquisition—On April 3, 2014, the Company, through its wholly-owned subsidiary, acquired entities holding a portfolio of 60 communications sites, which at the time of acquisition were leased primarily to radio and television broadcast tenants, and four property interests in the United States from Richland Properties LLC and other related entities for an aggregate purchase price of $381.1 million and approximately $4.8 million of additional net assets for total consideration of approximately $385.9 million. The total consideration of approximately $385.9 million was satisfied with approximately $182.9 million in cash, approximately $6.5 million payable to the seller upon satisfaction of certain closing conditions and the assumption of approximately $196.5 million of existing indebtedness. |
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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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Description of Business, Basis of Presentation and Accounting Policies (Policies)
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3 Months Ended |
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Mar. 31, 2014
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Principles of Consolidation and Basis of Presentation | Principles of Consolidation and Basis of Presentation—The accompanying condensed 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 | Significant Accounting Policies and Use of Estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ from those estimates, and such differences could be material to the accompanying condensed consolidated financial statements. The significant estimates in the accompanying condensed 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. |
Functional Currency | Functional Currency—The functional currency of the Company’s foreign operating subsidiaries is the respective local currency, except for Costa Rica and Panama, where the functional currency is the U.S. Dollar. All foreign currency 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 and all foreign currency revenues and expenses are translated at the average monthly exchange rates. Translation adjustments are reflected in equity as a component of Accumulated other comprehensive income (loss) (“AOCI”) in the condensed consolidated balance sheet. Transactional gains and losses on foreign currency transactions are reflected in Other expense (income) in the condensed consolidated statements of operations. However, the effect from fluctuations in foreign currency exchange rates on intercompany notes whose payment is not planned or anticipated in the foreseeable future, is reflected in AOCI in the condensed consolidated balance sheet. During the three months ended March 31, 2014, the Company recorded unrealized foreign currency losses of $15.5 million, of which $13.5 million was recorded in AOCI and $2.0 million was recorded in Other expense (income). |
Accounting Standards Updates | Accounting Standards Updates—In April 2014, the Financial Accounting Standards Board (the “FASB”) issued additional guidance on reporting discontinued operations. Under this guidance, only disposals representing a strategic shift in operations would be presented as discontinued operations. This guidance would require expanded disclosures about discontinued operations that would provide information about the assets, liabilities, income and expenses of discontinued operations. Additionally, the guidance would require disclosure of the pre-tax income attributable to a disposal of a significant part of an entity that does not qualify for discontinued operations reporting. This guidance will be effective for reporting periods beginning on or after December 15, 2014. The FASB permits early adoption of this standard, but only for disposals or classifications as held for sale that have not been reported in financial statements previously issued or available for issuance. The impact of the adoption of this accounting standard update on the Company’s statements of operations, balance sheet, cash flows and disclosures will be based on the Company’s future disposal activity. |
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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 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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- 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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Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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Prepaid and Other Current Assets (Tables)
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Mar. 31, 2014
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Prepaid Expense and Other Assets, Current [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepaid expense and other current assets | Prepaid and other current assets consists of the following as of (in thousands):
(1) December 31, 2013 balances have been revised to reflect purchase accounting measurement period adjustments. |
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Tabular disclosure 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; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Other Intangible Assets (Tables)
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Mar. 31, 2014
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Changes in the carrying value of goodwill | The changes in the carrying value of goodwill for the Company’s business segments are as follows (in thousands):
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Schedule of finite-lived intangible assets | The Company’s other intangible assets subject to amortization consist of the following as of (in thousands):
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Expected future amortization expenses | Based on current exchange rates, the Company expects to record amortization expense (excluding amortization of deferred financing costs) as follows over the remaining current year and the next five subsequent years (in millions):
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- 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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Accrued Expenses (Tables)
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Mar. 31, 2014
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Accrued Liabilities, Current [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of accrued liabilities | Accrued expenses consists of the following as of (in thousands):
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Tabular disclosure of the components of accrued liabilities. No definition available.
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Derivative Financial Instruments (Tables)
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Mar. 31, 2014
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Summary of Derivative Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of derivative financial instruments | The notional amount and fair value of the interest rate swap agreements are as follows (in thousands):
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Schedule of interest rate swap agreements' impact on other comprehensive income | During the three months ended March 31, 2014 and 2013, the interest rate swap agreements had the following impact on the Company’s condensed consolidated financial statements (in thousands):
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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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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Fair Value Measurements (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2014
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of fair value, assets and liabilities measured on recurring basis | The fair value of the Company’s financial assets and liabilities that are required to be measured on a recurring basis at fair value is as follows (in thousands):
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Schedule of business acquisitions by acquisition, contingent consideration | During the three months ended March 31, 2014 and 2013, the fair value of the contingent consideration changed as follows (in thousands):
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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.
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- 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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Accumulated Other Comprehensive Loss (Tables)
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Mar. 31, 2014
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Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of accumulated other comprehensive income (loss) | The changes in Accumulated other comprehensive loss for the three months ended March 31, 2014 and 2013 are as follows (in thousands):
(1) Losses on cash flow hedges have been reclassified into Interest expense in the accompanying condensed consolidated statements of operations. The tax effect of less than $0.1 million is included in income tax expense for the three months ended March 31, 2014.
(1) Losses on cash flow hedges have been reclassified into Interest expense in the accompanying condensed consolidated statements of operations. The tax effect of $0.1 million is included in income tax expense for the three months ended March 31, 2013. |
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Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock-Based Compensation (Tables)
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Mar. 31, 2014
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Share-based Compensation, Allocation and Classification in Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||
Summary of the company's option activity | The Company’s option activity for the three months ended March 31, 2014 is as follows:
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Assumptions used to determine the grant date fair value for options granted | The fair value of each option granted during the three months ended March 31, 2014 is estimated on the date of grant using the Black-Scholes option pricing model based on the assumptions noted in the table below:
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Summary of the company's restricted stock unit activity | The following table summarizes the Company’s restricted stock unit activity during the three months ended March 31, 2014:
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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 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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- 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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Equity (Tables)
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||
Schedule of dividends payable | During the three months ended March 31, 2014, the Company declared the following regular cash distributions to its stockholders:
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Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Common Share (Tables)
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Mar. 31, 2014
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of earnings per basic and diluted by common class | The following table sets forth basic and diluted net income from continuing operations per common share computational data for the three months ended March 31, 2014 and 2013 (in thousands, except per share data):
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- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions (Tables)
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Mar. 31, 2014
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Business Combination, Description [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of recognized identified assets acquired and liabilities assumed | Balances as of March 31, 2014 are unchanged from the balances reflected in the consolidated balance sheets in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
Other than Prepaid and other current assets and Goodwill, the balances in the table below as of March 31, 2014 remain unchanged from the balances reflected in the consolidated balance sheets in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
Balances are reflected in the accompanying condensed consolidated balance sheets as of March 31, 2014.
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Fair value of consideration transferred | The consideration consisted of the following (in thousands):
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Business acquisition, pro forma information | Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the acquisitions been completed on the dates indicated, nor are they indicative of the future operating results of the Company.
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- Definition
[Table Text Block] for Fair Value Of Consideration Transferred [Table] No definition available.
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- Definition
Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Business Segments (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2014
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Segment Reporting, Measurement Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summarized financial information concerning the company's reportable segments |
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X | ||||||||||
- 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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X | ||||||||||
- Details
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Description of Business, Basis of Presentation and Accounting Policies (Narrative) (Details) (USD $)
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3 Months Ended | |
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Mar. 31, 2014
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Mar. 31, 2013
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Gain (Loss) on Investments [Line Items] | ||
Foreign currency transaction gain (loss), in AOCI and Income Statement | $ 15,500,000 | |
Unrealized foreign currency losses | (2,005,000) | 22,143,000 |
Reclassified to AOCI [Member]
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Gain (Loss) on Investments [Line Items] | ||
Foreign currency transaction gain (loss), reclassified as AOCI | 13,500,000 | |
Recorded in Other expense (income) [Member]
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Gain (Loss) on Investments [Line Items] | ||
Unrealized foreign currency losses | $ 2,000,000 |
X | ||||||||||
- Definition
Foreign currency transaction gain (loss), in AOCI and Income Statement No definition available.
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X | ||||||||||
- Definition
Foreign currency transaction gain (loss), reclassified as AOCI No definition available.
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X | ||||||||||
- Definition
Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Prepaid and Other Current Assets (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2014
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Dec. 31, 2013
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Prepaid Expense and Other Assets, Current [Abstract] | |||||
Prepaid operating ground leases | $ 74,013 | $ 82,950 | [1] | ||
Prepaid income tax | 56,674 | 52,612 | [1] | ||
Unbilled receivables | 37,115 | 25,412 | [1] | ||
Prepaid assets | 34,865 | 34,243 | [1] | ||
Value added tax and other consumption tax receivables | 17,647 | 78,262 | [1] | ||
Other miscellaneous current assets | 44,743 | 40,697 | [1] | ||
Balance | $ 265,057 | $ 314,176 | [1] | ||
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- Definition
Prepaid income tax No definition available.
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- Definition
Prepaid Operating Ground Leases No definition available.
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- Definition
Value added tax and other consumption tax receivables No definition available.
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- Definition
Amount of other miscellaneous assets expected to be realized or consumed within one year or operating cycle, if longer. No definition available.
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X | ||||||||||
- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that 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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- Details
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X | ||||||||||
- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount received for services rendered and products shipped, but not yet billed, for non-contractual agreements due within one year or the normal operating cycle, if longer. No definition available.
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Goodwill and Other Intangible Assets (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2014
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Mar. 31, 2013
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Acquired Finite-Lived Intangible Assets [Line Items] | ||
Weighted average amortization period of intangible assets, years | 16 years | |
Amortization of intangible assets | $ 102.6 | $ 60.5 |
X | ||||||||||
- Definition
Weighted average remaining amortization period No definition available.
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- Details
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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
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Goodwill and Other Intangible Assets (Rollforward) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||
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Mar. 31, 2014
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Goodwill [Roll Forward] | ||||
Balance as of January 1, 2014 (1) | $ 3,729,792 | [1] | ||
Additions | 40 | |||
Effect of foreign currency translation | 7,849 | |||
Balance as of March 31, 2014 | 3,737,681 | |||
Rental And Management [Member] | Domestic [Member]
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Goodwill [Roll Forward] | ||||
Balance as of January 1, 2014 (1) | 3,132,553 | [1] | ||
Additions | 0 | |||
Effect of foreign currency translation | 0 | |||
Balance as of March 31, 2014 | 3,132,553 | |||
Rental And Management [Member] | International [Member]
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Goodwill [Roll Forward] | ||||
Balance as of January 1, 2014 (1) | 595,239 | [1] | ||
Additions | 40 | |||
Effect of foreign currency translation | 7,849 | |||
Balance as of March 31, 2014 | 603,128 | |||
Network Development Services [Member]
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Goodwill [Roll Forward] | ||||
Balance as of January 1, 2014 (1) | 2,000 | [1] | ||
Additions | 0 | |||
Effect of foreign currency translation | 0 | |||
Balance as of March 31, 2014 | $ 2,000 | |||
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X | ||||||||||
- Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Amount of increase (decrease) from foreign currency translation adjustments of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Other Intangible Assets (Changes in the Carrying Value of Goodwill) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||||||
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Mar. 31, 2014
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Dec. 31, 2013
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Gross Carrying Value | $ 8,621,111 | $ 8,602,708 | ||||||
Accumulated Amortization | (2,082,494) | (1,978,124) | ||||||
Net Book Value | 6,538,617 | 6,624,584 | ||||||
Deferred financing costs, net | 78,907 | [1] | 76,875 | [1] | ||||
Other intangible assets, net | 6,617,524 | 6,701,459 | ||||||
Acquired Network Location [Member]
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Gross Carrying Value | 2,368,782 | [2] | 2,365,474 | [2] | ||||
Accumulated Amortization | (827,571) | [2] | (791,359) | [2] | ||||
Net Book Value | 1,541,211 | [2] | 1,574,115 | [2] | ||||
Acquired Network Location [Member] | Maximum [Member]
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Estimated useful lives | 20 years | |||||||
Acquired Customer Relationships [Member]
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Gross Carrying Value | 6,216,899 | 6,201,868 | ||||||
Accumulated Amortization | (1,238,111) | (1,170,239) | ||||||
Net Book Value | 4,978,788 | 5,031,629 | ||||||
Acquired Customer Relationships [Member] | Minimum [Member]
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Estimated useful lives | 15 years | |||||||
Acquired Customer Relationships [Member] | Maximum [Member]
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Estimated useful lives | 20 years | |||||||
Acquired Licenses And Other Intangibles [Member]
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Gross Carrying Value | 6,688 | 6,583 | ||||||
Accumulated Amortization | (2,470) | (2,297) | ||||||
Net Book Value | 4,218 | 4,286 | ||||||
Acquired Licenses And Other Intangibles [Member] | Minimum [Member]
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Estimated useful lives | 3 years | |||||||
Acquired Licenses And Other Intangibles [Member] | Maximum [Member]
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Estimated useful lives | 20 years | |||||||
Economic Rights, TV Azteca [Member]
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Finite-Lived Intangible Assets [Line Items] | ||||||||
Gross Carrying Value | 28,742 | 28,783 | ||||||
Accumulated Amortization | (14,342) | (14,229) | ||||||
Net Book Value | $ 14,400 | $ 14,554 | ||||||
Estimated useful lives | 70 years | |||||||
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- 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
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- 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
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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
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- Details
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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
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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.
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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
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Goodwill and Other Intangible Assets (Expected Future Amortization Expenses) (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2014
|
---|---|
Goodwill and Intangible Assets Disclosure [Abstract] | |
2014 (remaining year) | $ 308.1 |
2015 | 408.2 |
2016 | 405.5 |
2017 | 403.2 |
2018 | 401.1 |
2019 | $ 399.0 |
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 in the remainder of the fiscal year following the latest fiscal year ended for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
|
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
|
Accrued Expenses (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2014
|
Dec. 31, 2013
|
---|---|---|
Accrued Liabilities, Current [Abstract] | ||
Accrued construction costs | $ 65,363 | $ 52,446 |
Accrued property and real estate taxes | 57,944 | 54,529 |
Payroll and related withholdings | 33,164 | 50,843 |
Accrued rent | 31,846 | 28,456 |
Other accrued expenses | 212,132 | 229,050 |
Balance | $ 400,449 | $ 415,324 |
X | ||||||||||
- Definition
Accrued Property and Real Estate Taxes 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 and payable for the acquisition of merchandise, materials, supplies and services pertaining to construction projects such as a housing development or factory expansion not classified as trade payables. 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
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. 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)
|
3 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 3 Months Ended | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2014
USD ($)
|
Mar. 31, 2013
USD ($)
|
Mar. 31, 2014
GTP Notes [Member]
USD ($)
|
Mar. 31, 2014
Colombian Bridge Loan [Member]
Short-term Debt [Member]
USD ($)
Loan
|
Mar. 31, 2014
Colombian Bridge Loan [Member]
Short-term Debt [Member]
COP
Loan
|
Dec. 31, 2013
Colombian Bridge Loan [Member]
Short-term Debt [Member]
|
Mar. 31, 2014
Indian Facility [Member]
Revolving Credit Facility [Member]
USD ($)
|
Mar. 31, 2014
Secured Debt [Member]
GTP Notes [Member]
integer
Series
|
Oct. 02, 2013
Secured Debt [Member]
GTP Notes [Member]
USD ($)
|
Dec. 31, 2013
Secured Debt [Member]
Costa Rica Loan [Member]
USD ($)
|
Jan. 10, 2014
Senior Notes [Member]
Reopened Three Point Four Zero Percent Senior Notes [Member]
USD ($)
|
Mar. 31, 2014
Senior Notes [Member]
GTP Notes [Member]
USD ($)
|
Mar. 31, 2014
Senior Notes [Member]
Three Point Four Zero Percent Senior Notes [Member]
USD ($)
|
Jan. 10, 2014
Senior Notes [Member]
Three Point Four Zero Percent Senior Notes [Member]
|
Jan. 10, 2014
Senior Notes [Member]
Reopened Five Point Zero Percent [Member]
USD ($)
|
Mar. 31, 2014
Senior Notes [Member]
Five Point Zero Percent Senior Notes [Member]
USD ($)
|
Jan. 10, 2014
Senior Notes [Member]
Five Point Zero Percent Senior Notes [Member]
|
Jan. 10, 2014
Senior Notes [Member]
Three Point Four Zero and Five Point Zero Percent Senior Notes [Member] [Member]
USD ($)
|
Mar. 31, 2014
Senior Notes [Member]
Three Point Four Zero and Five Point Zero Percent Senior Notes [Member] [Member]
|
Mar. 31, 2014
Three Point Four Zero and Five Point Zero Percent Senior Notes [Member] [Member]
|
Mar. 31, 2014
Revolving Credit Facility [Member]
Credit Facility 2012 [Member]
USD ($)
|
Mar. 31, 2014
Revolving Credit Facility [Member]
Credit Facility 2012 [Member]
LIBOR Based Borrowings [Member]
|
Jan. 21, 2014
Revolving Credit Facility [Member]
Credit Facility 2013 [Member]
USD ($)
|
Mar. 31, 2014
Revolving Credit Facility [Member]
Credit Facility 2013 [Member]
USD ($)
renewal_periods
|
Apr. 02, 2014
Revolving Credit Facility [Member]
Credit Facility 2013 [Member]
Subsequent Event [Member]
USD ($)
|
Mar. 31, 2014
Revolving Credit Facility [Member]
Credit Facility 2013 [Member]
LIBOR Based Borrowings [Member]
|
Mar. 31, 2014
Revolving Credit Facility [Member]
Short Term Credit Facility [Member]
USD ($)
|
Mar. 31, 2014
Revolving Credit Facility [Member]
Short Term Credit Facility [Member]
LIBOR Based Borrowings [Member]
|
Nov. 05, 2013
Revolving Credit Facility [Member]
Mexican loan [Member]
MXN
|
Mar. 31, 2014
Revolving Credit Facility [Member]
Mexican loan [Member]
USD ($)
|
Mar. 31, 2014
Revolving Credit Facility [Member]
Mexican loan [Member]
MXN
|
Mar. 31, 2014
Unsecured Debt [Member]
Term Loan 2013 [Member]
USD ($)
|
Mar. 31, 2014
Unsecured Debt [Member]
Term Loan 2013 [Member]
LIBOR Based Borrowings [Member]
|
Mar. 31, 2014
Unsecured Debt [Member]
Colombian Loan [Member]
USD ($)
|
|
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||
Long-term debt | $ 1,490,000,000 | $ 1,500,000,000.0 | ||||||||||||||||||||||||||||||||
Number of series of secured debt | 6 | |||||||||||||||||||||||||||||||||
Number of classes of secured debt | 11 | |||||||||||||||||||||||||||||||||
Repayment of indebtedness | 80,300,000 | 1,100,000,000 | ||||||||||||||||||||||||||||||||
Remaining availability under debt instrument | 300,000,000 | |||||||||||||||||||||||||||||||||
Loss on retirement of long-term obligations | (238,000) | (35,298,000) | ||||||||||||||||||||||||||||||||
Payments of debt extinguishment costs | 0 | 29,234,000 | ||||||||||||||||||||||||||||||||
Proceeds from the issuance of debt | 763,800,000 | 3,000,000 | ||||||||||||||||||||||||||||||||
Debt instrument, term | 0 years 6 months | 5 years | 5 years | 10 years | ||||||||||||||||||||||||||||||
Stated percentage interest rate | 7.89% | 7.89% | 7.94% | 3.40% | 5.00% | |||||||||||||||||||||||||||||
Redemption price equal to percentage of principal amount | 100.00% | |||||||||||||||||||||||||||||||||
Repayments of Lines of Credit | 88,000,000 | 710,000,000 | ||||||||||||||||||||||||||||||||
Long-term debt, gross | 32,600,000 | 250,000,000 | 250,000,000 | 1,000,000,000.0 | 500,000,000 | 1,000,000,000.0 | 38,700,000 | |||||||||||||||||||||||||||
Debt Instrument, Unamortized Premium | 4,700,000 | |||||||||||||||||||||||||||||||||
Line of credit facility, maximum borrowing capacity | 1,000,000,000 | 2,000,000,000 | 1,000,000,000.0 | 5,200,000,000 | ||||||||||||||||||||||||||||||
Repurchase price as percentage of principal | 101.00% | |||||||||||||||||||||||||||||||||
Maximum adjusted EBITDA (in times) | 3.5 | |||||||||||||||||||||||||||||||||
Credit facility, outstanding | 1,100,000,000 | |||||||||||||||||||||||||||||||||
Letters of credit outstanding | 7,500,000 | 3,200,000 | ||||||||||||||||||||||||||||||||
Borrowings under credit facilities | 0 | 249,000,000 | 165,000,000 | 4,900,000,000 | 376,900,000 | |||||||||||||||||||||||||||||
Basis spread on variable rate | 1.625% | 1.25% | 1.25% | 1.25% | ||||||||||||||||||||||||||||||
Commitment fee percentage | 0.225% | 0.15% | 0.15% | |||||||||||||||||||||||||||||||
Line of credit facility, capacity available for specific purposes | 750,000,000 | 500,000,000 | ||||||||||||||||||||||||||||||||
Number of annual renewal periods | 2 | |||||||||||||||||||||||||||||||||
Number of bridge loans | 6 | 6 | ||||||||||||||||||||||||||||||||
Short term debt outstanding | $ 55,000,000 | 108,000,000,000 | $ 0 |
X | ||||||||||
- Definition
Debt Amount Of Principal Redemption Percentage No definition available.
|
X | ||||||||||
- Definition
The maximum times Adjusted EBITDA for liens covenant as defined in the Senior Notes agreement. No definition available.
|
X | ||||||||||
- Definition
Number of Annual Renewal Periods No definition available.
|
X | ||||||||||
- Definition
Number Of Bridge Loans No definition available.
|
X | ||||||||||
- Definition
Number of classes of secured debt No definition available.
|
X | ||||||||||
- Definition
Number of Series of Secured Debt No definition available.
|
X | ||||||||||
- Definition
Repurchase price as percentage of principal No definition available.
|
X | ||||||||||
- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition
Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
The amount of debt premium that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
|
X | ||||||||||
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
X | ||||||||||
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum amount of borrowing capacity under a line of credit that is available as of the balance sheet date for a specific purpose other than for financing goods acquired for inventory or imminent delivery to a customer. 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
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 cash outflow for incremental, external costs directly pertaining to an early extinguishment of debt, including legal costs and prepayment penalties, and excluding interest and repayment of debt principal. No definition available.
|
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
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
|
X | ||||||||||
- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
|
Derivative Financial Instruments (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2014
|
Mar. 31, 2014
South African Facility [Member]
interest_rate_swap
|
Mar. 31, 2014
Colombian Long Term Credit Facility [Member]
|
Dec. 31, 2013
Costa Rica Loan [Member]
interest_rate_swap
|
---|---|---|---|---|
Derivative [Line Items] | ||||
Number of interest rate swap agreements | 15 | 3 | ||
Derivative, lower fixed interest rate range | 6.09% | |||
Derivative, higher fixed interest rate range | 7.83% | |||
Derivative, fixed interest rate | 5.78% | |||
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net | $ 0.3 |
X | ||||||||||
- Definition
Fixed interest rate related to the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition
High end of the range of fixed interest rates when a range is presented for a group of interest rate derivatives. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Low end of the range of fixed interest rates when a range is presented for a group of interest rate derivatives. No definition available.
|
X | ||||||||||
- Definition
The estimated net amount of unrealized gains or losses on interest rate cash flow hedges as of the balance sheet date expected to be reclassified to earnings within the next twelve months. 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
|
Derivative Financial Instruments (Schedule of Interest Rate Swap Agreements) (Details)
In Thousands, unless otherwise specified |
Mar. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
Mar. 31, 2014
South African Facility [Member]
USD ($)
|
Mar. 31, 2014
South African Facility [Member]
ZAR
|
Dec. 31, 2013
South African Facility [Member]
USD ($)
|
Dec. 31, 2013
South African Facility [Member]
ZAR
|
Mar. 31, 2014
Colombian Long Term Credit Facility [Member]
USD ($)
|
Mar. 31, 2014
Colombian Long Term Credit Facility [Member]
COP
|
Dec. 31, 2013
Colombian Long Term Credit Facility [Member]
USD ($)
|
Dec. 31, 2013
Colombian Long Term Credit Facility [Member]
COP
|
Dec. 31, 2013
Costa Rica Loan [Member]
USD ($)
|
---|---|---|---|---|---|---|---|---|---|---|---|
Derivative [Line Items] | |||||||||||
Notional | $ 43,994 | 463,337 | $ 44,732 | 469,354 | $ 51,390 | 100,996,875 | $ 52,547 | 101,250,000 | $ 42,000 | ||
Fair Value- Liability | (2,185) | (1,840) | (3,616,412) | (1,557) | (3,000,236) | (628) | |||||
Fair Value- Asset | $ 719 | $ 90 | 7,577 | $ 90 | 939 |
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, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Financial Instruments (Schedule of Interest Rate Swap Agreements Impact on Other Comprehensive Income) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Summary of Derivative Instruments [Abstract] | ||
Gain(Loss) Recognized in Other Comprehensive Income - Effective Portion | $ (587) | $ (933) |
Gain(Loss) Reclassified from AOCI into Income - Effective Portion | $ (969) | $ (608) |
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
|
Fair Value Measurements (Narrative) (Details) (USD $)
|
Mar. 31, 2014
|
Dec. 31, 2013
|
---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Business combination, contingent consideration arrangements, range of outcomes, value, low | $ 0 | |
Business combination, contingent consideration arrangements, range of outcomes, value, high | 48,800,000 | |
Carrying value of long-term obligations, including current portion | 14,300,000,000 | 14,500,000,000 |
Fair value of long-term obligations, including current portion | 14,700,000,000 | 14,700,000,000 |
Fair Value, Inputs, Level 1 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value of long-term obligations, including current portion | 9,000,000,000 | 8,600,000,000 |
Fair Value, Inputs, Level 2 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value of long-term obligations, including current portion | $ 5,700,000,000 | $ 6,100,000,000 |
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
Represents the aggregate of total long-term debt, including current maturities and short-term debt. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The fair value amount of long-term debt 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. No definition available.
|
Fair Value Measurement (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2014
|
Dec. 31, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
|||
---|---|---|---|---|---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Short-term investments | $ 34,430 | [1] | $ 18,612 | ||||
Interest rate swap agreements | 719 | 90 | |||||
Acquisition-related contingent consideration | 31,342 | 31,890 | 25,201 | 23,711 | |||
Interest rate swap agreements | 2,185 | ||||||
Fair Value, Inputs, Level 2 [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Short-term investments | 34,430 | [1] | 18,612 | ||||
Interest rate swap agreements | 719 | 90 | |||||
Interest rate swap agreements | 1,840 | 2,185 | |||||
Fair Value, Inputs, Level 3 [Member]
|
|||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Acquisition-related contingent consideration | $ 31,342 | $ 31,890 | |||||
|
X | ||||||||||
- Definition
Amount of liability recognized arising from contingent consideration in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- 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
|
Fair Value Measurement (Contingent Consideration Change) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Balance | $ 31,890 | $ 23,711 |
Additions | 0 | 165 |
Payments | (615) | (3,189) |
Change in fair value | 582 | 5,255 |
Foreign currency translation adjustment | (515) | (741) |
Balance | $ 31,342 | $ 25,201 |
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
Amount of liability recognized arising from contingent consideration in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized on the income statement for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Accumulated Other Comprehensive Loss (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||||
---|---|---|---|---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Income tax expense | $ 17,649 | $ 19,222 | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||
Balance at beginning of period | (311,220) | (211,116) | ||||
Other comprehensive loss before reclassifications, net of tax | 37,931 | 26,383 | ||||
Amounts reclassified from accumulated other comprehensive loss, net of tax | 879 | 549 | ||||
Net current-period other comprehensive (loss) income | 38,810 | 26,932 | ||||
Balance at end of period | (272,410) | (184,184) | ||||
Unrealized Losses on Cash Flow Hedges [Member]
|
||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Income tax expense | 100 | 100 | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||
Balance at beginning of period | (1,869) | [1] | (4,780) | [1] | ||
Other comprehensive loss before reclassifications, net of tax | (780) | [1] | (1,044) | [1] | ||
Amounts reclassified from accumulated other comprehensive loss, net of tax | 679 | [1] | 350 | [1] | ||
Net current-period other comprehensive (loss) income | (101) | [1] | (694) | [1] | ||
Balance at end of period | (1,970) | [1] | (5,474) | [1] | ||
Treasury Lock [Member]
|
||||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||
Balance at beginning of period | (3,029) | (3,827) | ||||
Other comprehensive loss before reclassifications, net of tax | 0 | 0 | ||||
Amounts reclassified from accumulated other comprehensive loss, net of tax | 200 | 199 | ||||
Net current-period other comprehensive (loss) income | 200 | 199 | ||||
Balance at end of period | (2,829) | (3,628) | ||||
Foreign Currency Items [Member]
|
||||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||
Balance at beginning of period | (306,322) | (202,509) | ||||
Other comprehensive loss before reclassifications, net of tax | 38,711 | 27,427 | ||||
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | ||||
Net current-period other comprehensive (loss) income | 38,711 | 27,427 | ||||
Balance at end of period | $ (267,611) | $ (175,082) | ||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax, before reclassification adjustments of other comprehensive income (loss). No definition available.
|
X | ||||||||||
- Definition
Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustments of other comprehensive income (loss). No definition available.
|
Income Taxes (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
Dec. 31, 2013
|
|
Income Tax Expense (Benefit), Continuing Operations [Abstract] | |||
Unrecognized tax benefits that would impact effective tax rate | $ 33.4 | $ 31.1 | |
Impact of change in unrecognized tax benefit, lower | 0 | ||
Impact of change in unrecognized tax benefits, upper | 10.8 | ||
Penalties and tax-related interest expense during period | 1.3 | 1.4 | |
Unrecognized tax benefits, income tax penalties and interest accrued | $ 32.4 | $ 30.9 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The estimated lower bound of the reasonably possible change in the total amount of the unrecognized tax benefit (that will significantly increase or decrease within twelve months of the balance sheet date) for a tax position taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated upper bound of the reasonably possible change in the total amount of the unrecognized tax benefit (that will significantly increase or decrease within twelve months of the balance sheet date) for a tax position taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of expense for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. 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
|
Stock-Based Compensation (Narrative) (Details) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock-based compensation expense | $ 24,604,000 | $ 21,042,000 |
Capitalized stock-based compensation expense | 400,000 | 400,000 |
Accelerated recognition of stock-based compensation expense related to awards granted to retirement eligible employees, additional expense recognized | 8,500,000 | 6,700,000 |
Employee Stock Option [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Weighted average grant date fair value (in dollars per share) | $ 14.84 | |
Total unrecognized compensation expense | 52,700,000 | |
Total compensation cost not yet recognized, period for recognition | 3 years | |
Restricted Stock Units [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Total unrecognized compensation expense | $ 117,900,000 | |
Total compensation cost not yet recognized, period for recognition | 3 years | |
2007 Plan [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Vesting period | 4 years | |
Expiration period | 10 years | |
Number of shares issuable under stock incentive plan | 14.0 |
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
Unrecognized cost of unvested share-based compensation awards. 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
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
Additional share-based compensation cost recognized as a result of an occurrence of an event that accelerates its recognition. No definition available.
|
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
Period from grant date that an equity-based award expires, 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 | ||||||||||
- Details
|
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 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
|
Stock-Based Compensation (Summary of the Company's Option Activity) (Details)
|
3 Months Ended |
---|---|
Mar. 31, 2014
|
|
Options Activity, Outstanding [Roll Forward] | |
Outstanding | 6,106,171 |
Granted | 1,855,366 |
Exercised | (343,863) |
Forfeited | (18,741) |
Expired | (32,888) |
Outstanding | 7,566,045 |
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
Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
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 (Assumptions Used to Determine the Grant Date Fair Value for Options Granted) (Details) (Employee Stock Option [Member])
|
3 Months Ended |
---|---|
Mar. 31, 2014
|
|
Employee Stock Option [Member]
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Minimum range of risk-free interest rate | 1.46% |
Maximum range of risk-free interest rate | 1.72% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 1.64% |
Expected life of option grants | 4 years 4 months 52 days |
Minimum range of expected volatility of underlying stock price | 23.09% |
Maximum range of expected volatility of underlying stock price | 23.35% |
Expected volatility of underlying stock price over the option period | 23.09% |
Expected annual dividend yield | 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
Weighted average expected volatility rate of share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Stock-Based Compensation (Summary of the Company's Restricted Stock Unit Activity) (Details) (Restricted Stock Units [Member])
|
3 Months Ended |
---|---|
Mar. 31, 2014
|
|
Restricted Stock Units [Member]
|
|
Restricted Stock Unit Activity, Outstanding [Roll Forward] | |
Outstanding | 1,840,137 |
Granted | 775,197 |
Vested | (669,501) |
Forfeited | (25,062) |
Outstanding | 1,920,771 |
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
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 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 | ||||||||||
- Details
|
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
|
Stock-Based Compensation ESPP (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | $ 0.4 | $ 0.4 |
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 | ||||||||||
- Details
|
Equity (Narrative) (Details) (USD $)
|
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Equity, Class of Treasury Stock [Line Items] | ||
Accrued dividend, restricted stock units | $ 1,800,000 | |
Paid dividend, restricted stock units | 600,000 | |
Proceeds from stock options | 13,795,000 | 6,140,000 |
Common Stock
|
||
Equity, Class of Treasury Stock [Line Items] | ||
Authorized repurchase of common stock | 1,500,000,000 | |
Treasury Stock
|
||
Equity, Class of Treasury Stock [Line Items] | ||
Remaining stock value of buyback | $ 1,100,000,000 |
X | ||||||||||
- Definition
Accrued dividends payable upon the vestng of restricted stock units. No definition available.
|
X | ||||||||||
- Definition
Amount of distributions payable paid upon the vestng of restricted stock units during the period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition
Amount of a stock repurchase plan authorized by an entity's Board of Directors. No definition available.
|
X | ||||||||||
- Definition
Amount remaining of a stock repurchase plan authorized by an entity's Board of Directors. No definition available.
|
Equity (Schedule Of Dividends) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Dividends Payable [Line Items] | ||
Distribution per share (in dollars per share) | $ 0.32 | $ 0.26 |
Aggregate Payment Amount | $ 554 | $ 0 |
First Quarter [Member]
|
||
Dividends Payable [Line Items] | ||
Declaration Date | Mar. 06, 2014 | |
Payment Date | Apr. 25, 2014 | |
Record Date | Apr. 10, 2014 | |
Distribution per share (in dollars per share) | $ 0.32 | |
Aggregate Payment Amount | $ 126,600 |
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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Earnings Per Common Share (Narrative) (Details)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Earnings Per Share [Abstract] | ||
Shares issuable upon conversion of the stock-based awards | 1.7 | 0.4 |
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
|
X | ||||||||||
- Details
|
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 |
3 Months Ended | |
---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
|
Earnings Per Share [Abstract] | ||
Net income from continuing operations attributable to American Tower Corporation | $ 202,499 | $ 171,407 |
Basic weighted average common shares outstanding (in shares) | 395,146 | 395,239 |
Dilutive securities (in shares) | 3,974 | 4,420 |
Diluted weighted average common shares outstanding (in shares) | 399,120 | 399,659 |
Basic net income attributable to American Tower Corporation per common share (in dollars per share) | $ 0.51 | $ 0.43 |
Diluted net income attributable to American Tower Corporation per common share (in dollars per share) | $ 0.51 | $ 0.43 |
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)
|
0 Months Ended | 3 Months Ended | ||
---|---|---|---|---|
Jan. 21, 2014
INR
|
Mar. 31, 2014
USD ($)
|
Mar. 31, 2014
At T Transaction [Member]
USD ($)
term
towers
|
Mar. 31, 2014
ALLTEL Transaction [Member]
USD ($)
towers
|
|
Long-term Purchase Commitment [Line Items] | ||||
Number of towers leased or subleased | 2,450 | |||
Lessee leasing arrangements, operating leases, term of contract | 27 years | |||
Number of communications sites acquired | 4 | |||
Aggregate purchase option price for towers | $ 611,200,000 | $ 71,700,000 | ||
Purchase price accretion rate (per year) | 10.00% | 3.00% | ||
Right to continue to lease space, number of terms | 4 | |||
Lessee leasing arrangements, operating leases, renewal term | 5 years | |||
Long-term purchase commitment, time period | P15Y | |||
Capital leased assets, number of units | 1,800 | |||
Cash purchase price per tower | 27,500 | |||
Purchase price of tower in shares of common stock | 769 | |||
Value of potential shares payable | 111,800,000 | |||
India Tax Assessment | 22,600,000,000 | $ 369,000,000 |
X | ||||||||||
- Definition
Aggregate Purchase Option Price For Towers No definition available.
|
X | ||||||||||
- Definition
India Tax Assessment No definition available.
|
X | ||||||||||
- Definition
Number Of Communications Sites Acquired 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
Number of successive terms to renew lease. No definition available.
|
X | ||||||||||
- Definition
The number of units (items of property) under capital lease arrangements. No definition available.
|
X | ||||||||||
- Definition
Term of the lessee's leasing arrangement renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
Term of the lessee's leasing arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Specifies the time period covered by the arrangement. No definition available.
|
Acquisitions (Narrative) (Details) (USD $)
|
3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 12 Months Ended | 3 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
Mar. 31, 2014
Other International Acquisitions 2014 [Member]
sites
|
Mar. 31, 2014
Other US Acquisition 2014 [Member]
sites
|
Oct. 02, 2013
MIPT Acquisition [Member]
|
Mar. 31, 2014
MIPT Acquisition [Member]
|
Oct. 02, 2013
MIPT Acquisition [Member]
International [Member]
sites
|
Oct. 02, 2013
MIPT Acquisition [Member]
UNITED STATES
sites
|
Jan. 31, 2013
Mexico Axtel Acquisition [Member]
sites
|
Nov. 08, 2013
NII Holdings Acquisition [Member]
Brazil [Member]
sites
|
Aug. 08, 2013
NII Holdings Acquisition [Member]
Brazil [Member]
sites
|
Nov. 08, 2013
NII Holdings Acquisition [Member]
Mexico [Member]
sites
|
Aug. 08, 2013
NII Holdings Acquisition [Member]
Mexico [Member]
sites
|
Nov. 29, 2013
Z-Sites Acquisition [Member]
sites
|
Dec. 31, 2013
Other International Acquisition 2013 [Member]
sites
|
Dec. 31, 2013
Other US Acquisition 2013 [Member]
sites
|
Mar. 31, 2014
Colombia Movil Acquisition [Member]
|
Mar. 31, 2014
Ghana Acquisition [Member]
|
||||
Business Acquisition [Line Items] | |||||||||||||||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||||||||||||||||||||
Goodwill, Purchase Accounting Adjustments | $ 100,000 | ||||||||||||||||||||
Business combination, acquisition and merger related expenses | 9,800,000 | 13,600,000 | |||||||||||||||||||
Number of communications sites acquired | 12 | 3 | 510 | 4,860 | 883 | 1,940 | 1,483 | 238 | 714 | 55 | |||||||||||
Aggregate purchase price | 3,100,000 | 3,100,000 | 4,900,000,000 | 4,858,083,000 | 248,500,000 | 349,000,000 | 436,000,000 | 122,800,000 | 89,800,000 | 65,600,000 | |||||||||||
Estimated contingent consideration fair value | 7,500,000 | 4,100,000 | 23,100,000 | 700,000 | |||||||||||||||||
Value added tax receivable | 400,000 | 60,300,000 | 4,900,000 | ||||||||||||||||||
Number of property interests acquired | 4 | 23 | |||||||||||||||||||
Business acquisition, cost of acquired entity, cash paid | 3,200,000 | 3,300,000,000 | 3,330,462,000 | [1] | 436,900,000 | 65,200,000 | |||||||||||||||
Noncash or Part Noncash Acquisition, Value of Assets Acquired | 100,000 | 900,000 | |||||||||||||||||||
Noncash or part noncash acquisition, value of liabilities assumed | 1,500,000,000 | 1,500,000,000 | 1,527,621,000 | 400,000 | |||||||||||||||||
Maximum number of communications sites to be acquired | 2,790 | 1,666 | |||||||||||||||||||
Business combination, contingent consideration arrangements, range of outcomes, value, low | 0 | 0 | 0 | 0 | |||||||||||||||||
Business combination, contingent consideration arrangements, range of outcomes, value, high | 48,800,000 | 12,100,000 | 36,000,000 | 700,000 | |||||||||||||||||
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability, purchases | 0 | 165,000 | 9,300,000 | ||||||||||||||||||
Business combination, contingent consideration arrangements, change in amount of contingent consideration, liability | 500,000 | ||||||||||||||||||||
Business acquisition, contingent consideration, actual cash payment | 600,000 | ||||||||||||||||||||
Borrowings under credit facilities | 0 | 249,000,000 | 2,800,000,000 | ||||||||||||||||||
Business Combination, Integration Related Costs | $ 2,500,000 | ||||||||||||||||||||
|
X | ||||||||||
- Definition
The amount of previous contingent consideration payments made under the arrangment. 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
Number of property interests acquired under communications sites No definition available.
|
X | ||||||||||
- Definition
Number Of Communications Sites Acquired No definition available.
|
X | ||||||||||
- Definition
Maximum number of communications sites to be acquired under agreement No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of (increase) decrease in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. 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
Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
|
X | ||||||||||
- Definition
Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) from adjustments after acquisition date under purchase accounting of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The value of an asset or business acquired in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise 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
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
The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. 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 (Schedule of Aggregate Purchase Consideration Paid and the Amount of Assets Acquired) (Details) (USD $)
|
3 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2014
|
Dec. 31, 2013
|
Mar. 31, 2014
Other International Acquisitions 2014 [Member]
Preliminary Purchase Price Allocation [Member]
|
Mar. 31, 2014
Other International Acquisitions 2014 [Member]
Preliminary Purchase Price Allocation [Member]
Acquired Network Location [Member]
|
Mar. 31, 2014
Other US Acquisition 2014 [Member]
Preliminary Purchase Price Allocation [Member]
|
Mar. 31, 2014
Other US Acquisition 2014 [Member]
Preliminary Purchase Price Allocation [Member]
Acquired Network Location [Member]
|
Oct. 02, 2013
MIPT Acquisition [Member]
|
Mar. 31, 2014
MIPT Acquisition [Member]
|
Mar. 31, 2014
MIPT Acquisition [Member]
Purchase Price Allocation [Member]
|
Mar. 31, 2014
MIPT Acquisition [Member]
Purchase Price Allocation [Member]
Acquired Network Location [Member]
|
Dec. 31, 2013
Mexico Axtel Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2013
Mexico Axtel Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
Acquired Network Location [Member]
|
Dec. 31, 2013
Z-Sites Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2013
Z-Sites Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
Acquired Network Location [Member]
|
Dec. 31, 2013
Other International Acquisition 2013 [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2013
Other International Acquisition 2013 [Member]
Preliminary Purchase Price Allocation [Member]
Acquired Network Location [Member]
|
Dec. 31, 2013
Other US Acquisition 2013 [Member]
|
Dec. 31, 2013
Other US Acquisition 2013 [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2013
Other US Acquisition 2013 [Member]
Preliminary Purchase Price Allocation [Member]
Acquired Network Location [Member]
|
Mar. 31, 2014
Maximum [Member]
Preliminary Purchase Price Allocation [Member]
|
Mar. 31, 2014
Maximum [Member]
MIPT Acquisition [Member]
Purchase Price Allocation [Member]
|
Dec. 31, 2013
MEXICO
NII Holdings Acquisition [Member]
|
Dec. 31, 2013
MEXICO
NII Holdings Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2013
MEXICO
NII Holdings Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
Acquired Network Location [Member]
|
Dec. 31, 2013
BRAZIL
NII Holdings Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2013
BRAZIL
NII Holdings Acquisition [Member]
Preliminary Purchase Price Allocation [Member]
Acquired Network Location [Member]
|
||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value Added Tax Receivable, Current | $ 60,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current assets | 505,000 | 13,000 | 0 | [1] | 0 | 4,863,000 | 1,220,000 | 61,183,000 | [2] | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | 35,967,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted cash | 30,883,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable, net | 10,021,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepaid and other current assets | 22,984,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-current assets | 2,626,000 | [1] | 6,157,000 | 1,991,000 | 44,000 | 11,969,000 | [2] | 4,484,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and equipment | 1,964,000 | 1,916,000 | 996,901,000 | 86,100,000 | [1] | 24,832,000 | 44,844,000 | 23,803,000 | 147,364,000 | [2] | 105,784,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Customer-related intangible assets | 395,000 | [3] | 1,087,000 | [3] | 2,629,188,000 | [4] | 119,392,000 | [1],[3] | 64,213,000 | [3] | 20,590,000 | [3] | 29,325,000 | [3] | 135,175,000 | [2],[3] | 149,333,000 | [3] | |||||||||||||||||||||||||||||||||||||||||||||
Network location intangible assets | 369,000 | [3] | 301,000 | [3] | 467,300,000 | [4] | 43,031,000 | [1],[3] | 17,123,000 | [3] | 20,727,000 | [3] | 7,607,000 | [3] | 63,791,000 | [2],[3] | 93,867,000 | [3] | |||||||||||||||||||||||||||||||||||||||||||||
Notes receivable and other non-current assets | 4,220,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | 0 | (172,000) | 0 | [1] | 0 | 0 | (454,000) | 0 | [2] | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts payable | (9,249,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued expenses | (37,004,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest | (3,253,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current portion of long-term obligations | (2,820,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unearned revenue | (35,753,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term obligations (2) | (1,573,366,000) | [5] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset retirement obligations | (43,089,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other non-current liabilities | (28,000) | (37,000) | (37,326,000) | (9,377,000) | [1] | (1,502,000) | (8,168,000) | (786,000) | (10,478,000) | [2] | (13,188,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of net assets acquired | 3,205,000 | 3,108,000 | 2,455,604,000 | 241,772,000 | [1] | 110,823,000 | 84,847,000 | 60,759,000 | 409,004,000 | [2] | 340,280,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill | 3,737,681,000 | 3,729,792,000 | [6] | 40,000 | [7] | 0 | [7] | 874,858,000 | [8] | 6,751,000 | [1],[9] | 11,953,000 | [9] | 4,970,000 | 4,403,000 | 27,928,000 | [2],[9] | 8,704,000 | [9] | ||||||||||||||||||||||||||||||||||||||||||||
Acquired finite-live intangible assets, weighted average useful life | 20 years | 20 years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noncash or part noncash acquisition, value of liabilities assumed | 1,500,000,000 | 1,500,000,000 | 1,527,621,000 | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities, Fair Value Adjustment | $ 53,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accrued Expense No definition available.
|
X | ||||||||||
- Definition
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accrued Interest No definition available.
|
X | ||||||||||
- Definition
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Asset Retirement Obligation No definition available.
|
X | ||||||||||
- Definition
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Restricted Cash 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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of liabilities due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred revenue expected to be recognized as such within one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of liabilities due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of other assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of property, plant, and equipment recognized as of the acquisition date. 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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of addition (reduction) to the amount at which a liability could be incurred (settled) in a current transaction between willing parties. 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
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
|
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. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisitions (Pro Forma Information) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended |
---|---|
Mar. 31, 2014
|
|
Business Acquisition [Line Items] | |
Operating revenues | $ 924,821 |
Net income attributable to American Tower Corporation | $ 136,355 |
Basic earnings per share (in dollars per share) | $ 0.34 |
Diluted earnings per share (in dollars per share) | $ 0.34 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisitions (Schedule of Consideration Transferred) (Details) (USD $)
|
0 Months Ended | 3 Months Ended | |||
---|---|---|---|---|---|
Oct. 02, 2013
|
Mar. 31, 2014
|
||||
Fair Value Of Consideration Transferred [Line Items] | |||||
Noncash or part noncash acquisition, value of liabilities assumed | $ 1,500,000,000 | ||||
MIPT Acquisition [Member]
|
|||||
Fair Value Of Consideration Transferred [Line Items] | |||||
Partial payment of aggregate purchase price | 14,500,000 | ||||
Aggregate purchase price | 4,900,000,000 | 4,858,083,000 | |||
Noncash or part noncash acquisition, value of liabilities assumed | 1,500,000,000 | 1,527,621,000 | |||
Business acquisition, cost of acquired entity, cash paid | $ 3,300,000,000 | $ 3,330,462,000 | [1] | ||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Partial payment of aggregate purchase price No definition available.
|
X | ||||||||||
- Definition
Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Business Segments (Narrative) (Details)
|
3 Months Ended |
---|---|
Mar. 31, 2014
segment
|
|
Segment Reporting, Measurement Disclosures [Abstract] | |
Number of reportable segments | 3 |
X | ||||||||||
- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
X | ||||||||||
- Details
|
Business Segments (Summarized Financial Information Concerning the Company's Reportable Segments) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2014
|
Mar. 31, 2013
|
Dec. 31, 2013
|
|||||||
Segment Reporting Information [Line Items] | |||||||||
Segment revenues | $ 984,089 | $ 802,728 | |||||||
Segment operating expenses | 260,265 | [1] | 201,328 | [2] | |||||
Interest income, TV Azteca, net | 2,595 | 3,543 | |||||||
Segment gross margin | 726,419 | 604,943 | |||||||
Segment selling, general, administrative and development expense | 59,155 | [1] | 55,334 | [2] | |||||
Segment operating profit | 667,264 | 549,609 | |||||||
Stock-based compensation expense | 24,604 | 21,042 | |||||||
Other selling, general, administrative and development expense | 26,774 | 25,215 | |||||||
Depreciation, amortization and accretion | 245,763 | 185,804 | |||||||
Other expense (principally interest expense and other (expense) income) | 159,161 | 137,378 | |||||||
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 210,962 | 180,170 | |||||||
Total assets | 20,417,407 | 14,463,740 | 20,272,571 | ||||||
Operating Expense [Member]
|
|||||||||
Segment Reporting Information [Line Items] | |||||||||
Stock-based compensation expense | 500 | 400 | |||||||
Selling General Administrative And Development Expense [Member]
|
|||||||||
Segment Reporting Information [Line Items] | |||||||||
Stock-based compensation expense | 24,100 | 20,600 | |||||||
Operating Segments [Member] | Rental And Management [Member]
|
|||||||||
Segment Reporting Information [Line Items] | |||||||||
Segment revenues | 960,120 | 777,433 | |||||||
Segment operating expenses | 250,463 | [1] | 191,049 | [2] | |||||
Interest income, TV Azteca, net | 2,595 | 3,543 | |||||||
Segment gross margin | 712,252 | 589,927 | |||||||
Segment selling, general, administrative and development expense | 56,625 | [1] | 52,433 | [2] | |||||
Segment operating profit | 655,627 | 537,494 | |||||||
Total assets | 20,150,407 | 14,042,115 | |||||||
Operating Segments [Member] | Rental And Management [Member] | Domestic [Member]
|
|||||||||
Segment Reporting Information [Line Items] | |||||||||
Segment revenues | 635,779 | 515,676 | |||||||
Segment operating expenses | 121,509 | [1] | 91,833 | [2] | |||||
Interest income, TV Azteca, net | 0 | 0 | |||||||
Segment gross margin | 514,270 | 423,843 | |||||||
Segment selling, general, administrative and development expense | 27,409 | [1] | 22,898 | [2] | |||||
Segment operating profit | 486,861 | 400,945 | |||||||
Total assets | 13,527,578 | 8,477,955 | |||||||
Operating Segments [Member] | Rental And Management [Member] | International [Member]
|
|||||||||
Segment Reporting Information [Line Items] | |||||||||
Segment revenues | 324,341 | 261,757 | |||||||
Segment operating expenses | 128,954 | [1] | 99,216 | [2] | |||||
Interest income, TV Azteca, net | 2,595 | 3,543 | |||||||
Segment gross margin | 197,982 | 166,084 | |||||||
Segment selling, general, administrative and development expense | 29,216 | [1] | 29,535 | [2] | |||||
Segment operating profit | 168,766 | 136,549 | |||||||
Total assets | 6,622,829 | 5,564,160 | |||||||
Operating Segments [Member] | Network Development Services [Member]
|
|||||||||
Segment Reporting Information [Line Items] | |||||||||
Segment revenues | 23,969 | 25,295 | |||||||
Segment operating expenses | 9,802 | [1] | 10,279 | [2] | |||||
Interest income, TV Azteca, net | 0 | 0 | |||||||
Segment gross margin | 14,167 | 15,016 | |||||||
Segment selling, general, administrative and development expense | 2,530 | [1] | 2,901 | [2] | |||||
Segment operating profit | 11,637 | 12,115 | |||||||
Total assets | 65,417 | 66,857 | |||||||
Operating Segments [Member] | All Other Segments [Member]
|
|||||||||
Segment Reporting Information [Line Items] | |||||||||
Stock-based compensation expense | 24,604 | 21,042 | |||||||
Other selling, general, administrative and development expense | 26,774 | 25,215 | |||||||
Depreciation, amortization and accretion | 245,763 | 185,804 | |||||||
Other expense (principally interest expense and other (expense) income) | 159,161 | 137,378 | |||||||
Total assets | $ 201,583 | $ 354,768 | |||||||
|
X | ||||||||||
- Definition
Material third party interest income, net of interest expense related to the same material third party. 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
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
|
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
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
|
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
|
Subsequent Events (Narrative) (Details) (USD $)
|
3 Months Ended | 0 Months Ended |
---|---|---|
Mar. 31, 2014
|
Apr. 03, 2014
Richland Acquisition [Member]
Subsequent Event [Member]
sites
|
|
Subsequent Event [Line Items] | ||
Number of communications sites acquired | 60 | |
Number of property interests acquired | 4 | |
Aggregate purchase price | $ 381,100,000 | |
Noncash or Part Noncash Acquisition, Value of Assets Acquired | 4,800,000 | |
Business acquisition, cost of acquired entity, cash paid | 385,900,000 | |
Business Combination, Partial Cash Consideration Transferred | 182,900,000 | |
Business Acquisition Cost Of Acquired Entity, Purchase Price Reflected In Accounts Payable | 6,500,000 | |
Noncash or part noncash acquisition, value of liabilities assumed | $ 1,500,000,000 | $ 196,500,000 |
X | ||||||||||
- Definition
The total cost of the acquired entity reflected in accounts payable and accrued expenses at period end. No definition available.
|
X | ||||||||||
- Definition
Amount of total consideration transfered that included cash. No definition available.
|
X | ||||||||||
- Definition
Number of property interests acquired under communications sites No definition available.
|
X | ||||||||||
- Definition
Number Of Communications Sites Acquired No definition available.
|
X | ||||||||||
- Definition
Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The value of an asset or business acquired in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise 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
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
The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|