CCI » Topics » Interest Expense and Amortization of Deferred Financing Costs

This excerpt taken from the CCI 10-K filed Feb 26, 2009.

Interest Expense and Amortization of Deferred Financing Costs

The components of interest expense and amortization of deferred financing costs are as follows:

 

     Years Ended December 31,
     2006     2007     2008

Interest expense on debt obligations

   $ 150,351     $ 326,346     $ 329,284

Amortization of deferred financing costs

     8,600       15,463       15,264

Amortization of interest rate swaps

     1,301       3,020       3,020

Amortization of purchase price adjustment on long-term debt

     —         3,572       3,771

Imputed interest on customer provided financing

     3,371       3,264       2,775

Less: capitalized interest (a)

     (1,295 )     (1,406 )     —  
                      

Total

   $ 162,328     $ 350,259     $ 354,114
                      

 

(a) Related to the build out of the former Modeo network (see note 19).
These excerpts taken from the CCI 10-K filed Feb 27, 2008.

Interest Expense and Amortization of Deferred Financing Costs

Interest expense and amortization of deferred financing costs as presented on the consolidated statement of operations and comprehensive income (loss) consists of (1) interest expense on various debt obligations, (2) the amortization of deferred financing costs over the term of the related borrowing, (3) the amortization of interest rate swaps from accumulated other comprehensive income (loss) in the period the hedged item effects earnings, (4) amortization of debt purchase price adjustments, and (5) non-cash imputed interest on the financing provided by a customer in exchange for an initial rent-free period and is reduced by interest capitalized to construction in-process related to the build-out of the former Modeo network (see note 17). The significant components of interest expense and amortization of deferred financing costs are as follows:

 

     Years Ended December 31,  
     2005    2006     2007  

Interest expense on debt obligations

   $ 122,697    $ 150,351     $ 326,346  

Amortization of deferred financing costs

     6,174      8,600       15,463  

Amortization of interest rate swaps

     986      1,301       3,020  

Amortization of purchase price adjustment on long-term debt

     —        —         3,572  

Imputed interest on customer provided financing

     3,949      3,371       3,264  

Less: capitalized interest

     —        (1,295 )     (1,406 )
                       
   $ 133,806    $ 162,328     $ 350,259  
                       

Interest Expense and Amortization of Deferred Financing Costs

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Interest expense and amortization of deferred financing costs as presented on the consolidated statement of operations and comprehensive income (loss)
consists of (1) interest expense on various debt obligations, (2) the amortization of deferred financing costs over the term of the related borrowing, (3) the amortization of interest rate swaps from accumulated other comprehensive
income (loss) in the period the hedged item effects earnings, (4) amortization of debt purchase price adjustments, and (5) non-cash imputed interest on the financing provided by a customer in exchange for an initial rent-free period and is
reduced by interest capitalized to construction in-process related to the build-out of the former Modeo network (see note 17). The significant components of interest expense and amortization of deferred financing costs are as follows:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





















































































































































   Years Ended December 31, 
   2005  2006  2007 

Interest expense on debt obligations

  $122,697  $150,351  $326,346 

Amortization of deferred financing costs

   6,174   8,600   15,463 

Amortization of interest rate swaps

   986   1,301   3,020 

Amortization of purchase price adjustment on long-term debt

   —     —     3,572 

Imputed interest on customer provided financing

   3,949   3,371   3,264 

Less: capitalized interest

   —     (1,295)  (1,406)
             
  $133,806  $162,328  $350,259 
             
This excerpt taken from the CCI 10-K filed Jun 25, 2007.

Interest Expense and Amortization of Deferred Financing Costs

Interest expense and amortization of deferred financing costs as presented on the consolidated statement of operations and comprehensive income (loss) consists of interest expense on various debt obligations, the amortization of deferred financings costs over the estimated term of the related borrowing, non-cash imputed interest on the financing provided by a customer in exchange for an initial rent-free period and the amortization of interest rate swaps from accumulated other comprehensive income (loss) in the period the hedged item effects earnings reduced by interest capitalized to construction in-process related to the build out of the Modeo network within the Emerging Businesses segment. The significant components of interest expense and amortization of deferred financing costs for the years ended 2004, 2005 and 2006 are as follows:

 

     Years Ended December 31,  
     2004    2005    2006  
     (In thousands of dollars)  

Interest expense on debt obligation

   $ 189,638    $ 122,697    $ 150,351  

Amortization of deferred financing costs and discounts on long-term debt

     9,512      6,174      8,600  

Amortization of interest rate swaps

     3,179      986      1,301  

Imputed interest on customer provided financing

     4,441      3,949      3,371  

Less: capitalized interest

     —        —        (1,295 )
                      
   $ 206,770    $ 133,806    $ 162,328  
                      
This excerpt taken from the CCI 10-K filed Feb 28, 2007.

Interest Expense and Amortization of Deferred Financing Costs

Interest expense and amortization of deferred financing costs as presented on the consolidated statement of operations and comprehensive income (loss) consists of interest expense on various debt obligations, the amortization of deferred financings costs over the estimated term of the related borrowing, non-cash imputed interest on the financing provided by a customer in exchange for an initial rent-free period and the amortization of interest rate swaps from accumulated other comprehensive income (loss) in the period the hedged item effects earnings reduced by interest capitalized to construction in-process related to the build out of the Modeo network within the Emerging Businesses segment. The significant components of interest expense and amortization of deferred financing costs for the years ended 2004, 2005 and 2006 are as follows:

 

     Years Ended December 31,  
     2004    2005    2006  
     (In thousands of dollars)  

Interest expense on debt obligation

   $ 189,638    $ 122,697    $ 150,351  

Amortization of deferred financing costs and discounts on long-term debt

     9,512      6,174      8,600  

Amortization of interest rate swaps

     3,179      986      1,301  

Imputed interest on customer provided financing

     4,441      3,949      3,371  

Less: capitalized interest

     —        —        (1,295 )
                      
   $ 206,770    $ 133,806    $ 162,328  
                      

 

72


Table of Contents

CROWN CASTLE INTERNATIONAL CORP. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki