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SEC Filings

10-Q
 filed this Form 10-Q on 10/31/2017
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Segment revenue growth was partially offset by a decrease of $4.3 million attributable to the impact of foreign currency translation, which included, among others, $2.5 million related to fluctuations in Nigerian Naira (“NGN”) and $3.7 million related to fluctuations in Ghanaian Cedi (“GHS”), and was partially offset by an increase of $2.0 million related to fluctuations in South African Rand (“ZAR”).

Latin America property segment revenue growth of $37.8 million was attributable to:
Tenant billings growth of $23.5 million, which was driven by:
$10.4 million due to colocations and amendments;
$7.6 million from contractual escalations, net of churn;
$5.0 million generated from newly acquired or constructed sites; and
$0.5 million from other tenant billings;
Pass-through revenue growth of $6.6 million; and
A decrease of $0.8 million of other revenue primarily due to the impact of straight-line accounting.

Segment revenue also increased by $8.5 million attributable to the impact of foreign currency translation, which included, among others, $3.9 million related to fluctuations in Brazilian Real (“BRL”) and $4.4 million related to fluctuations in Mexican Peso (“MXN”).

The increase in services segment revenue of $8.5 million was primarily attributable to an increase in site acquisition projects.

Nine Months Ended September 30, 2017
U.S. property segment revenue growth of $174.9 million was attributable to:
Tenant billings growth of $153.1 million, which was driven by:
$116.6 million due to colocations and amendments;
$30.2 million from contractual escalations, net of churn;
$4.8 million generated from newly acquired or constructed sites; and
$1.5 million from other tenant billings; and
$21.8 million of other revenue growth, primarily due to a $51.0 million impact of straight-line accounting, partially offset by a $29.2 million net decrease in other revenue, primarily due to the absence of $31.8 million in decommissioning revenue recognized in the prior year.

Asia property segment revenue growth of $309.9 million was attributable to:
Tenant billings growth of $186.2 million, which was driven by:
$148.7 million generated from newly acquired or constructed sites, primarily due to the acquisition of Viom Networks Limited (the “Viom Acquisition”);
$44.2 million due to colocations and amendments;
A decrease of $6.5 million resulting from churn in excess of contractual escalations; and
A decrease of $0.2 million from other tenant billings;    
Pass-through revenue growth of $121.5 million, primarily due to the Viom Acquisition; and
A decrease of $21.7 million in other revenue, primarily due to an increase of $18.1 million in revenue reserves.

Segment revenue also increased by $23.9 million attributable to the impact of foreign currency translation related to fluctuations in INR.

EMEA property segment revenue growth of $70.4 million was attributable to:
Tenant billings growth of $75.3 million, which was driven by:
$46.9 million generated from newly acquired or constructed sites, primarily due to the FPS Acquisition;
$13.8 million due to colocations and amendments;

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