Print Page   Close Window

SEC Filings

10-Q
 filed this Form 10-Q on 10/31/2017
Entire Document
 << Previous Page | Next Page >>


$13.6 million from contractual escalations, net of churn; and
$1.0 million from other tenant billings;
Pass-through revenue growth of $31.2 million; and
$0.2 million of other revenue growth.

Segment growth was partially offset by a decrease of $36.3 million attributable to the impact of foreign currency translation, which included, among others, $31.6 million related to fluctuations in NGN and $11.6 million related to fluctuations in GHS, and was partially offset by an increase of $9.4 million related to fluctuations in ZAR.

Latin America property segment revenue growth of $140.6 million was attributable to:
Tenant billings growth of $72.5 million, which was driven by:
$27.9 million due to colocations and amendments;
$26.4 million from contractual escalations, net of churn;
$16.6 million generated from newly acquired or constructed sites; and
$1.6 million from other tenant billings;
Pass-through revenue growth of $17.2 million; and
$6.7 million of other revenue growth, primarily due to the impact of a $7.0 million reduction in revenue in the prior-year period resulting from a judicial reorganization of a tenant in Brazil, partially offset by the impact of straight-line accounting.

Segment revenue also increased $44.2 million attributable to the impact of foreign currency translation, which included, among others, $47.8 million related to fluctuations in BRL and $2.5 million related to fluctuations in Colombian Peso, and was partially offset by a decrease of $7.8 million related to fluctuations in MXN.

The increase in services segment revenue of $17.5 million was primarily attributable to an increase in site acquisition projects.

Gross Margin
 
Three Months Ended September 30,
 
Percent Increase (Decrease)
 
Nine Months Ended September 30,
Percent Increase (Decrease)
 
2017
 
2016
 
 
2017
 
2016
 
Property
 
 
 
 
 
 
 
 
 
 
 
U.S.
$
716,495

 
$
648,225

 
11
%
 
$
2,140,715

 
$
1,969,551

 
9
%
Asia
132,637

 
115,768

 
15

 
385,330

 
242,660

 
59

EMEA
95,633

 
76,877

 
24

 
285,104

 
227,158

 
26

Latin America
202,622

 
174,709

 
16

 
581,846

 
481,555

 
21

Total property
1,147,387

 
1,015,579

 
13

 
3,392,995

 
2,920,924

 
16

Services
16,998

 
11,369

 
50
%
 
47,365

 
32,911

 
44
%

Three Months Ended September 30, 2017
The increase in U.S. property segment gross margin was primarily attributable to the increase in revenue described above and a decrease in direct expenses of $1.1 million.

The increase in Asia property segment gross margin was primarily attributable to the increase in revenue described above, partially offset by an increase in direct expenses of $4.0 million. Direct expenses increased by an additional $6.8 million attributable to the impact of foreign currency translation.


39

 << Previous Page | Next Page >>