Item 16. Form 10-K Summary
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Item 16. Form 10-K Summary
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CROWN CASTLE INTERNATIONAL CORP. AND SUBSIDIARIES
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
YEARS ENDED DECEMBER 31, 2016, 2015 AND 2014
(In thousands of dollars)
| Additions | Deductions | ||||||||||||||||||||||
| Balance at Beginning of Year | Charged to Operations | Credited to Operations | Written Off | Effect of Exchange Rate Changes | Balance at End of Year | ||||||||||||||||||
| Allowance for Doubtful Accounts Receivable: | |||||||||||||||||||||||
| 2016 | $ | 9,574 | $ | 4,873 | $ | — | $ | (3,133 | ) | $ | — | $ | 11,314 | ||||||||||
| 2015 | $ | 10,037 | $ | 2,958 | $ | — | $ | (3,421 | ) | $ | — | $ | 9,574 | ||||||||||
| 2014 | $ | 7,547 | $ | 3,101 | $ | — | $ | (611 | ) | $ | — | $ | 10,037 |
| Additions | Deductions | ||||||||||||||||||||||||||
| Balance at Beginning of Year | Charged to Operations | Charged to Additional Paid-in Capital and Other Comprehensive Income | Credited to Operations | Credited to Additional Paid-in Capital and Other Comprehensive Income | Other Adjustments(a) | Balance at End of Year | |||||||||||||||||||||
| Deferred Tax Valuation Allowance: | |||||||||||||||||||||||||||
| 2016 | $ | 1,994 | $ | 586 | $ | — | $ | (2,236 | ) | $ | — | $ | 6,283 | $ | 6,627 | ||||||||||||
| 2015 | $ | 21,038 | $ | 164 | $ | — | $ | (3,000 | ) | $ | — | $ | (16,208 | ) | $ | 1,994 | |||||||||||
| 2014 | $ | 27,264 | $ | 1,797 | $ | — | $ | (9,106 | ) | $ | — | $ | 1,083 | $ | 21,038 |
| (a) | Inclusive of (1) the effects of acquisitions and (2) the inclusion of small cells in the REIT in January 2016. |
CROWN CASTLE INTERNATIONAL CORP. AND SUBSIDIARIES
SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION
YEARS ENDED DECEMBER 31, 2016 AND 2015
(In thousands of dollars)
| Description | Encumbrances | Initial Cost to Company | Cost Capitalized Subsequent to Acquisition | Gross Amount Carried at Close of Current Period | Accumulated Depreciation at Close of Current Period | Date of Construction | Date Acquired | Life on Which Depreciation in Latest Income Statement is Computed | ||||||||
| 40,153 towers(1) | $ | 7,211,677 | (2) | (3) | (3) | $ | 16,120,896 | (4) | $ | (6,446,448 | ) | Various | Various | Up to 20 years |
| (1) | Amount is exclusive of small cell nodes. No single tower exceeds 5% of the aggregate gross amounts at which the assets were carried at the close of the period set forth in the table above. |
| (2) | As of December 31, 2016, $4.6 billion of the Company's debt is secured by (1) a security interest in substantially all of the applicable issuers' assignable personal property, (2) a pledge of the equity interests in each applicable issuer, and (3) a security interest in the applicable issuers' leases with tenants to lease tower space (space licenses). |
| (3) | The Company has omitted this information, as it would be impracticable to compile such information on a tower-by-tower basis. |
| (4) | Does not include those towers under construction. |
| 2016 | 2015 | ||||||
| Gross amount at beginning | $ | 15,110,835 | $ | 13,795,914 | |||
| Additions during period: | |||||||
| Acquisitions through foreclosure | — | — | |||||
| Other acquisitions (1)(2) | 130,139 | 424,919 | |||||
| Wireless infrastructure construction and improvements | 709,538 | 713,465 | |||||
| Purchase of land interests | 74,579 | 90,496 | |||||
| Sustaining capital expenditures | 55,417 | 75,888 | |||||
| Other (3) | 95,049 | 61,801 | |||||
| Total additions | 1,064,722 | 1,366,569 | |||||
| Deductions during period: | |||||||
| Cost of real estate sold or disposed | (54,661 | ) | (51,648 | ) | |||
| Other | — | — | |||||
| Total deductions: | (54,661 | ) | (51,648 | ) | |||
| Balance at end | $ | 16,120,896 | $ | 15,110,835 |
| (1) | Inclusive of changes between the final purchase price allocation and the preliminary purchase price allocations. |
| (2) | Includes acquisitions of wireless infrastructure. |
| (3) | Predominately relates to the purchase of property and equipment under capital leases and installment land purchases. |
| 2016 | 2015 | ||||||
| Gross amount of accumulated depreciation at beginning | $ | (5,648,598 | ) | $ | (4,917,542 | ) | |
| Additions during period: | |||||||
| Depreciation | (810,549 | ) | (759,332 | ) | |||
| Total additions | (810,549 | ) | (759,332 | ) | |||
| Deductions during period: | |||||||
| Amount for assets sold or disposed | 24,190 | 23,946 | |||||
| Other | (11,491 | ) | 4,330 | ||||
| Total deductions | 12,699 | 28,276 | |||||
| Balance at end | $ | (6,446,448 | ) | $ | (5,648,598 | ) |
INDEX TO EXHIBITS
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