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10-Q
 filed this Form 10-Q on 10/31/2017
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Cash Flows from Operating Activities

The increase in cash provided by operating activities for the nine months ended September 30, 2017 was attributable to an increase in the operating profit of our property segments, partially offset by the impact of increases in straight-line revenue and cash paid for interest, as well as an increase in cash used for working capital.

Cash Flows from Investing Activities

Our significant investing activities during the nine months ended September 30, 2017 are highlighted below:

We spent $956.9 million for acquisitions, primarily related to the funding of the FPS Acquisition.

We spent $578.0 million for capital expenditures, as follows (in millions):
Discretionary capital projects (1)
$
105.7

Ground lease purchases
94.1

Capital improvements and corporate expenditures (2)
90.3

Redevelopment
154.6

Start-up capital projects
133.3

Total capital expenditures
$
578.0

_______________
(1)
Includes the construction of 1,421 communications sites globally.
(2)
Includes $23.0 million of capital lease payments included in Repayments of notes payable, credit facilities, senior notes, term loan and capital leases in the cash flow from financing activities in our condensed consolidated statements of cash flows.

We plan to continue to allocate our available capital, after satisfying our distribution requirements, among investment alternatives that meet our return on investment criteria, while maintaining our commitment to our long-term financial policies. Accordingly, we expect to continue to deploy capital through our annual capital expenditure program, including land purchases and new site construction, and through acquisitions. We expect that our 2017 total capital expenditures will be between $800.0 million and $900.0 million, as follows (in millions):

Discretionary capital projects (1)
$
145

to
$
175

Ground lease purchases
145

to
155

Capital improvements and corporate expenditures
125

to
135

Redevelopment
205

to
235

Start-up capital projects
180

to
200

Total capital expenditures
$
800

to
$
900

_______________
(1)    Includes the construction of approximately 1,750 to 2,750 communications sites globally.


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