$UNIT
Uniti Group Inc.

2018 Form 10-K Financial Statement

#000156459019008290 Filed on March 18, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $1.018B $246.3M $245.2M
YoY Change 11.09% 19.05% 22.46%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $85.20M $22.50M $22.10M
YoY Change 18.33% 90.68% 116.67%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $425.2M $116.8M $107.1M
YoY Change 2.24% 16.1% 12.74%
% of Gross Profit
Operating Expenses $137.1M $168.9M $161.8M
YoY Change 34.15% 28.25% 930.31%
Operating Profit
YoY Change
Interest Expense $319.6M -$78.80M -$78.80M
YoY Change 4.44% 11.3% -211.74%
% of Operating Profit
Other Income/Expense, Net $552.0K
YoY Change
Pretax Income $11.12M -$7.076M -$3.837M
YoY Change -123.33% 48.91% 73.23%
Income Tax -$5.421M -$12.90M -$8.700M
% Of Pretax Income -48.73%
Net Earnings $16.19M $22.80M $4.728M
YoY Change -271.49% -621.67% -301.79%
Net Earnings / Revenue 1.59% 9.25% 1.93%
Basic Earnings Per Share $0.05 $0.12 $0.02
Diluted Earnings Per Share $0.04 $0.12 -$0.02
COMMON SHARES
Basic Shares Outstanding 176.2M 174.8M
Diluted Shares Outstanding 177.1M 175.4M

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.00M $59.80M $49.90M
YoY Change -36.45% -65.19% 22.3%
Cash & Equivalents $38.00M $59.77M $49.90M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $104.1M $43.70M $32.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $142.1M $103.4M $82.60M
YoY Change 37.43% -44.71% 45.94%
LONG-TERM ASSETS
Property, Plant & Equipment $3.209B $3.054B $3.038B
YoY Change 5.08% 14.38% 12.75%
Goodwill $673.7M
YoY Change 156.82%
Intangibles $429.4M
YoY Change 167.37%
Long-Term Investments
YoY Change
Other Assets $54.90M $22.60M $19.70M
YoY Change 142.92% 132.99% 27.92%
Total Long-Term Assets $4.451B $4.227B $4.210B
YoY Change 5.3% 34.96% 33.18%
TOTAL ASSETS
Total Short-Term Assets $142.1M $103.4M $82.60M
Total Long-Term Assets $4.451B $4.227B $4.210B
Total Assets $4.593B $4.330B $4.292B
YoY Change 6.07% 30.47% 33.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $94.20M $77.60M $80.70M
YoY Change 21.39% 89.27% 112.93%
Accrued Expenses $28.10M $28.70M $70.20M
YoY Change -2.09% 3.24% 22.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $962.3M $753.4M $736.9M
YoY Change 27.73% 74.84% 55.92%
LONG-TERM LIABILITIES
Long-Term Debt $4.902B $4.539B $4.419B
YoY Change 7.99% 11.18% 13.25%
Other Long-Term Liabilities $83.40M $105.8M $104.1M
YoY Change -21.17% 7.3% 5.58%
Total Long-Term Liabilities $4.985B $4.645B $4.523B
YoY Change 7.32% 11.09% 13.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $962.3M $753.4M $736.9M
Total Long-Term Liabilities $4.985B $4.645B $4.523B
Total Liabilities $6.092B $5.454B $5.449B
YoY Change 9.66% 17.52% 20.96%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $644.3M
YoY Change 356.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.499B -$1.309B -$1.157B
YoY Change
Total Liabilities & Shareholders Equity $4.593B $4.330B $4.292B
YoY Change 6.07% 30.47% 33.4%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $16.19M $22.80M $4.728M
YoY Change -271.49% -621.67% -301.79%
Depreciation, Depletion And Amortization $425.2M $116.8M $107.1M
YoY Change 2.24% 16.1% 12.74%
Cash From Operating Activities $472.8M $67.50M $141.4M
YoY Change 16.67% -10.48% 21.06%
INVESTING ACTIVITIES
Capital Expenditures $426.9M -$54.90M -$64.90M
YoY Change 65.76% 249.68% -765.5%
Acquisitions $53.67M
YoY Change -92.96%
Other Investing Activities -$57.00M -$7.300M -$769.1M
YoY Change -93.32% -32.41% 343.54%
Cash From Investing Activities -$480.5M -$62.20M -$833.9M
YoY Change -52.86% 134.72% 355.43%
FINANCING ACTIVITIES
Cash Dividend Paid $426.1M
YoY Change 6.47%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.84M 4.800M -191.6M
YoY Change -102.76% -94.16% -428.08%
NET CHANGE
Cash From Operating Activities 472.8M 67.50M 141.4M
Cash From Investing Activities -480.5M -62.20M -833.9M
Cash From Financing Activities -13.84M 4.800M -191.6M
Net Change In Cash -21.74M 10.10M -884.1M
YoY Change -80.62% -92.3% 11091.14%
FREE CASH FLOW
Cash From Operating Activities $472.8M $67.50M $141.4M
Capital Expenditures $426.9M -$54.90M -$64.90M
Free Cash Flow $45.94M $122.4M $206.3M
YoY Change -68.9% 34.36% 92.72%

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CY2018 us-gaap Basis Of Accounting
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<a name="Note_BasisPresentation"></a> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 2. Basis of Presentation and Consolidation</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The accompanying Consolidated Financial Statements include all accounts of the Company and, its wholly-owned and/or controlled subsidiaries, which includes the Operating Partnership. Under the Accounting Standards Codification 810,&#160;Consolidation (&#8220;ASC 810&#8221;), the Operating Partnership is considered a variable interest entity&#160;and is consolidated in the Consolidated Financial Statements of Uniti Group Inc. as the Company has determined to be the primary beneficiary.&#160;&#160;All material intercompany balances and transactions have been eliminated.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ASC 810 provides guidance on the identification of entities for which control is achieved through means other than voting rights (&#8220;variable interest entities&#8221; or &#8220;VIEs&#8221;) and the determination of which business enterprise, if any, should consolidate the VIEs.&#160; Generally, the consideration of whether an entity is a VIE applies when either: (1)&#160;the equity investors (if any) lack&#160;(i)&#160;the ability to make decisions about the entity&#8217;s activities through voting or similar rights, (ii)&#160;the obligation to absorb the expected losses of the entity, or (iii)&#160;the right to receive the expected residual returns of the entity; (2)&#160;the equity investment at risk is insufficient to finance that entity&#8217;s activities without additional subordinated financial support; or (3)&#160;the equity investors have voting rights that are not proportionate to their economic interests and substantially all of the activities of the entity involve or are conducted on behalf of an investor with a disproportionately small voting interest.&#160; The Company consolidates VIEs in which it is considered to be the primary beneficiary.&#160; The primary beneficiary is defined by the entity having both of the following characteristics: (1)&#160;the power to direct the activities that, when taken together, most significantly impact the VIE&#8217;s performance; and (2)&#160;the obligation to absorb losses and right to receive the returns from the VIE that would be significant to the VIE.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) for financial information set forth in the Accounting Standards Codification (&#8220;ASC&#8221;), as published by the Financial Accounting Standards Board (&#8220;FASB&#8221;), and with the applicable rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Going Concern</font></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In accordance with Accounting Standards Update ("ASU") 2014-15, <font style="font-style:italic;">Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern (Subtopic 205-40)</font>, the Company&#8217;s management has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company&#8217;s ability to continue as a going concern within one year after the date of the financial statements are issued.&#160; </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are party to a Master Lease agreement (the &#8220;Master Lease&#8221;) with Windstream Holdings, Inc. (&#8220;Windstream Holdings&#8221; and together with its consolidated subsidiaries &#8220;Windstream&#8221;), from which 68.2% of our revenue for the year ended December 31, 2018 was derived.&#160; Windstream has been involved in litigation with an entity who acquired certain Windstream debt securities and thereafter issued a notice of default as to such securities related to our spin-off from Windstream (&#8220;Spin-Off&#8221;).&#160; Windstream challenged the matter in federal court and a trial was held in July 2018.&#160; On February 15, 2019, the federal court judge issued a ruling against Windstream, finding that an &#8220;event of default&#8221; occurred with respect to such debt securities, and that the holder&#8217;s acceleration of such debt in December 2017 was effective. &#160;In response to the adverse outcome, on February 25, 2019, Windstream filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.&#160; </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In bankruptcy, Windstream has the option to assume or reject the Master Lease.&nbsp;&nbsp;Because the Master Lease is a single indivisible Master Lease with a single rent payment, the lease must be assumed or rejected in whole and cannot be sub-divided by facility or market. A significant amount of Windstream&#8217;s revenue is generated from the use of our network included in the Master Lease, and we believe that the Master Lease is essential to Windstream&#8217;s operations.&nbsp;&nbsp;Furthermore, Windstream is designated as a &#8220;carrier of last resort&#8221; in certain markets where it utilizes the Master Lease to provide service to its customers, and Windstream would require approval from the Public Utility Commissions and the Federal Communications Commission to cease providing service in those markets.&nbsp;&nbsp;As a result, we believe the probability of Windstream rejecting the lease in bankruptcy to be remote.&nbsp;&nbsp;However, a rejection of the Master Lease, or even a temporary disruption in payments to us, may require us to fund certain expenses and obligations (e.g., real estate taxes, insurance and maintenance expenses) to preserve the value of our properties, and could materially adversely affect our consolidated results of operations, liquidity and financial condition, including our ability to service debt, comply with debt covenants and pay dividends to our stockholders as required to maintain our status as a REIT. &#160;As a result, conditions or events have been identified that are present that raise substantial doubt about the Company&#8217;s ability to continue as a going concern.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has considered the mitigating effects of management&#8217;s plans to alleviate the substantial doubt about the ability to continue as going concern in the event there is a disruption in the payments due to us under the Master Lease prior to Windstream&#8217;s assumption or rejection of the lease.&#160; Those plans include deferring, reducing or delaying cash dividends and capital expenditures, if necessary, paying one or more dividends that are required to maintain our REIT status in shares to the extent allowed under the IRS REIT rules, curtailing acquisition activities, accessing the capital markets and identifying alternative sources of liquidity.&#160;Based on our analysis, including consideration of the timing of petitioners&#8217; requirements to make post-petition lease payments under U.S. bankruptcy law, we believe that we have adequate liquidity to continue to fund our operations for twelve months after the issuance of the financial statements.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Although management has concluded the probability of a rejection of the Master Lease to be remote, and has noted the absence of any provision in the Master Lease that contemplates renegotiation of the lease and the lack of any ability of the bankruptcy court to unilaterally reset the rent or terms of the lease, it is difficult to predict what could occur in Windstream&#8217;s bankruptcy restructuring.&nbsp;&nbsp;The Company has evaluated its ability to continue as a going concern in light of the possibility of a consensual renegotiation of the Master Lease, and the impact of any renegotiated lease on our compliance with our debt covenants.&nbsp;&nbsp;We note that our Credit Agreement prohibits the Company from amending the Master Lease that, among other provisions, pro forma for any such amendment, would result in a consolidated secured leverage ratio that exceeds 5.0 to 1.0.&nbsp;&nbsp;Furthermore, management has no intention to enter into a lease amendment that would violate our debt covenants.&nbsp;&nbsp;</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">However, because there can be&#160;no certainty&#160;as of the outcome of Windstream&#8217;s decision to assume or reject the Master Lease, uncertainties exist as to&#160;the outcome or impacts of any potential consensual renegotiation of the Master Lease.&#160; Therefore, substantial doubt about our ability to continue as a going concern within one year after the issuance of the financial statements exists.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the ordinary course of business. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p>
CY2018 us-gaap Use Of Estimates
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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Use of Estimates</font>&#8212;The preparation of financial statements, in accordance with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and disclosure of contingent assets and liabilities. The estimates and assumptions used in the accompanying financial statements are based upon management&#8217;s evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results may differ from the estimates and assumptions used in preparing the accompanying financial statements, and such differences could be material.</p>
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Reclassifications</font>&#8212;<font style="Background-color:#FFFFFF;">During 2017 and forward, we managed and reported our operations in four reportable business segments: Leasing, Fiber Infrastructure, Towers and Consumer CLEC. </font>Certain prior year asset categories and related amounts in Note 7 have been reclassified to conform with current year presentation.</p>
CY2018 unit Noncontrolling Interest Policy Textblock
NoncontrollingInterestPolicyTextblock
<p style="text-align:justify;Background-color:#FFFFFF;margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Noncontrolling Interest</font>&#8212;The limited partner equity interests in our operating partnership are exchangeable on a one-for-one basis for shares of our common stock or, at our election, cash of equivalent value.&nbsp;&nbsp;All of the limited partner equity interests in our operating partnership not held by the Company are reflected as noncontrolling interests. In the consolidated statements of operations, we allocate net income (loss) attributable to noncontrolling interests to arrive at net income (loss) attributable to shareholders based on their proportionate share.</p> <p style="text-align:justify;Background-color:#FFFFFF;margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For transactions that result in changes to the Company's ownership interest in our operating partnership, the carrying amount of noncontrolling interests is adjusted to reflect such changes. The difference between the fair value of the consideration received or paid and the amount by which the noncontrolling interest is adjusted is reflected as an adjustment to additional paid-in capital on the consolidated balance sheets.</p>
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Concentration of Credit Risks</font>&#8212;We <font style="Background-color:#FFFFFF;color:#000000;">are party to a Master Lease with Windstream from which substantially all of Uniti&#8217;s leasing revenues and operating cash flows are currently derived</font>. Revenue under the Master Lease provided 68.2% of our revenue for the year ended December 31, 2018, 74.8% of our revenue for the year ended December 31, 2017, and 87.9% of our revenue for the year ended December 31, 2016.&nbsp;&nbsp;<font style="color:#000000;">Because a substantial&#160;portion of our revenue and cash flows are derived from lease payments by Windstream pursuant to the Master Lease, there could be a material adverse impact on our consolidated results of operations, liquidity, financial condition and/or ability to pay dividends and service debt if Windstream were to default under the Master Lease or otherwise experiences operating or liquidity difficulties and becomes unable to generate sufficient cash to make payments to us. In recent years, Windstream has experienced annual declines in its total revenue, sales and cash flow, and has had its credit ratings downgraded by nationally recognized credit rating agencies multiple times over the past 12 months.&#160;In addition, Windstream has been involved in litigation with an entity who acquired certain Windstream debt securities and thereafter issued a notice of default as to such securities relating to our spin-off from Windstream.&#160;On December 7, 2017, the entity issued a notice of acceleration to Windstream&#160;claiming that the alleged default had matured into an &#8220;event of default&#8221; and that the principal amount, along with accrued interest, of such securities was due and payable immediately.&#160;Windstream challenged the matter in federal court and a trial was held,&#160;in July 2018.&#160;&#160;</font>On February 15, 2019, the federal court judge issued a ruling against Windstream, finding that Windstream&#8217;s attempts to waive such default were not valid; that an &#8220;event of default&#8221; occurred with respect to such debt securities; and that the holder&#8217;s acceleration of such debt in December 2017 was effective.&nbsp;&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In response to the adverse outcome, on February 25, 2019, Windstream filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In bankruptcy, Windstream has the option to assume or reject the Master Lease.&nbsp;&nbsp;While we believe that the Master Lease is essential to Windstream&#8217;s operations, it is difficult to predict what could occur in a restructuring, and even a temporary disruption in payments to us may require us to fund certain expenses and obligations (e.g., real estate taxes, insurance and maintenance expenses) to preserve the value of our properties and avoid the imposition of liens on our properties and could impact our ability to fund other cash obligations, including dividends necessary to maintain REIT status, non-essential capital expenditures and, in an extreme case, our debt service obligations. See <a href="#Note_BasisPresentation"><font style="text-decoration:none;">Note 2</font></a>.&nbsp;&nbsp;A rejection by Windstream of the Master Lease or its inability or unwillingness to meet its rent and other obligations under the Master Lease could materially adversely affect our consolidated results of operations, liquidity, and financial condition, including our ability to service debt, comply with debt covenants and pay dividends to our stockholders as required to maintain our status as a REIT. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Windstream is a publicly traded company and is subject to the periodic filing requirements of the Securities Exchange Act of 1934, as amended. Windstream filings can be found at www.sec.gov. Windstream filings are not incorporated by reference in this Annual Report on Form 10-K.</p>
CY2018 us-gaap Number Of Operating Segments
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4
CY2018Q4 unit Secured Leverage Ratio
SecuredLeverageRatio
5.0
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
10400000
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
9400000
CY2018 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
100000
CY2017 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
4400000
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
900000
CY2017 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4400000
CY2016 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
800000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2017 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
0
CY2016 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
0
CY2018Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
4100000
CY2016Q4 us-gaap Goodwill
Goodwill
262334000
CY2017 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-248000
CY2017 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
411643000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2300000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1000000
CY2018 unit Percentage Of Pay Cash Dividends In Excess Of Taxable Income
PercentageOfPayCashDividendsInExcessOfTaxableIncome
0.90
CY2018 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
We recognize the benefit of tax positions that are "more likely than not" to be sustained upon examination based on their technical merit. The benefit of a tax position is measured at the largest amount that has a greater than 50 percent likelihood of being realized upon ultimate settlement.
CY2018 unit Gain Recognized From Sale Of Assets After Spinoff Recognition Period
GainRecognizedFromSaleOfAssetsAfterSpinoffRecognitionPeriod
P5Y
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
289055000
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215678000
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92665000
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
31043000
CY2018Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
4567465000
CY2017Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
6793000
CY2017Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
4553521000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4965808000
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
105762000
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-3721000
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
18640000
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
83401000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8123305000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7542587000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4914299000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4488698000
CY2018 us-gaap Depreciation
Depreciation
425200000
CY2017 us-gaap Depreciation
Depreciation
415900000
CY2016 us-gaap Depreciation
Depreciation
369900000
CY2018 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
21600000
CY2017 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
7700000
CY2016 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
24500000
CY2018 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
0
CY2018 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
7446000
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
11210000
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
506988000
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
477730000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
74167000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
48373000
CY2018 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P18Y3M18D
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18300000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25500000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6100000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
26600000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
26100000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
25600000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
25200000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
25100000
CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4626887000
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
119575000
CY2017Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
144190000
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
14700000
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
13600000
CY2016 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7800000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
21080000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
661080000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
21080000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2002568000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1660000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
600000000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
8683000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
7357000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
6638000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
6484000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
6457000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
52533000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Net Minimum Payments1
CapitalLeasesFutureMinimumPaymentsNetMinimumPayments1
88152000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
32870000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
55282000
CY2018 unit Cash Percentage Of Settlement Obligation Upon Achievement Of Defined Milestones
CashPercentageOfSettlementObligationUponAchievementOfDefinedMilestones
1.00
CY2018 unit Participating Securities Excluding Contingent Liability Portion Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesExcludingContingentLiabilityPortionDistributedAndUndistributedEarningsLossBasic
2594000
CY2017 unit Participating Securities Excluding Contingent Liability Portion Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesExcludingContingentLiabilityPortionDistributedAndUndistributedEarningsLossBasic
1509000
CY2016 unit Participating Securities Excluding Contingent Liability Portion Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesExcludingContingentLiabilityPortionDistributedAndUndistributedEarningsLossBasic
1557000
CY2018 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1665000
CY2017 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1509000
CY2016 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1557000
CY2018 unit Mark To Market Gain Loss On Share Settled Contingent Consideration Classified As Equity
MarkToMarketGainLossOnShareSettledContingentConsiderationClassifiedAsEquity
-1433000
CY2017 unit Mark To Market Gain Loss On Share Settled Contingent Consideration Classified As Equity
MarkToMarketGainLossOnShareSettledContingentConsiderationClassifiedAsEquity
-4944000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7485000
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-21496000
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5497000
CY2018 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
176169000
CY2017 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
168693000
CY2016 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
152473000
CY2018 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
645000
CY2017 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
296000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
257000
CY2018 unit Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
802883000
CY2018 unit Percentage Of Adjusted Earnings Before Interest Taxes Depreciation And Amortization
PercentageOfAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
0.789
CY2018 us-gaap Interest Expense
InterestExpense
319591000
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
552000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
426875000
CY2017 unit Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
749524000
CY2017 unit Percentage Of Adjusted Earnings Before Interest Taxes Depreciation And Amortization
PercentageOfAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
0.818
CY2017 us-gaap Interest Expense
InterestExpense
305994000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
257521000
CY2016 unit Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
690184000
CY2016 unit Percentage Of Adjusted Earnings Before Interest Taxes Depreciation And Amortization
PercentageOfAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
0.896
CY2016 us-gaap Interest Expense
InterestExpense
275394000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
46443000
CY2018Q4 us-gaap Noncurrent Assets
NoncurrentAssets
3640768000
CY2017Q4 us-gaap Noncurrent Assets
NoncurrentAssets
3481246000
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
28700000
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
25200000
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
10900000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
10585000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
7543000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4815000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3186000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2382000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
15269000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
43780000
CY2018Q4 unit Obligations Under Tax Matters Agreement
ObligationsUnderTaxMattersAgreement
0
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6369000
CY2018Q4 unit Annual Distribution Percentage Of Reit Taxable Income
AnnualDistributionPercentageOfReitTaxableIncome
0.90
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
674000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1456000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1596000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1290000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
866000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1107000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1964000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2322000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2703000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5451000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-36956000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1488000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1770000
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-3837000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-698000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-164000
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-378000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
11124000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-47667000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
305000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2336000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-16687000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
107000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-655000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-429000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-224000
CY2018 unit Income Tax Reconciliation Tax Exempt Income Expense
IncomeTaxReconciliationTaxExemptIncomeExpense
5687000
CY2017 unit Income Tax Reconciliation Tax Exempt Income Expense
IncomeTaxReconciliationTaxExemptIncomeExpense
-8836000
CY2016 unit Income Tax Reconciliation Tax Exempt Income Expense
IncomeTaxReconciliationTaxExemptIncomeExpense
4016000
CY2017 unit Income Tax Reconciliation Capitalized Transaction Costs
IncomeTaxReconciliationCapitalizedTransactionCosts
4820000
CY2016 unit Income Tax Reconciliation Capitalized Transaction Costs
IncomeTaxReconciliationCapitalizedTransactionCosts
3915000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-8176000
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
8176000
CY2018 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-26000
CY2017 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-217000
CY2016 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
149000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
41000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
60000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
52000
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-111000
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-378000
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1319000
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-17038000
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
188000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q4 unit Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
17000000
CY2018Q2 unit Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Deferred Tax Liability And Income Tax Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInDeferredTaxLiabilityAndIncomeTaxBenefit
-1300000
CY2018Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
20373000
CY2017Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
17114000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
298000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
101000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
823000
CY2018Q4 unit Deferred Tax Assets Tax Deferred Expense Accrued Expense And Other
DeferredTaxAssetsTaxDeferredExpenseAccruedExpenseAndOther
857000
CY2017Q4 unit Deferred Tax Assets Tax Deferred Expense Accrued Expense And Other
DeferredTaxAssetsTaxDeferredExpenseAccruedExpenseAndOther
506000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
1458000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
2023000
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
544000
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1341000
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
904000
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
248000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
92443000
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
36229000
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
117700000
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
57562000
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
117700000
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
57562000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
97651000
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
43817000
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
67382000
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
68795000
CY2018Q4 unit Deferred Tax Liabilities Other Intangible Assets Amortization
DeferredTaxLiabilitiesOtherIntangibleAssetsAmortization
3954000
CY2017Q4 unit Deferred Tax Liabilities Other Intangible Assets Amortization
DeferredTaxLiabilitiesOtherIntangibleAssetsAmortization
291000
CY2018Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1147000
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
137000
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
170134000
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
113040000
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
52434000
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
55478000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
165200000
CY2018 unit Percentage Of Net Operating Loss Carryforwards Limitation
PercentageOfNetOperatingLossCarryforwardsLimitation
0.80
CY2018 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
Approximately $186.3 million which will not expire but the utilization of which will be limited to 80% of taxable income annually under provisions enacted in the Tax Bill.
CY2018 us-gaap Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
2015
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3036000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
3036000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3036000
CY2018 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2300000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
281364000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
276071000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
255945000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1688000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4388000
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3003000
CY2018 us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
Holders of the Series A Shares have the option to convert at any time after three years, or are mandatorily convertible after eight years.
CY2018Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
319464029
CY2018 unit Common Stock Distribution Per Share
CommonStockDistributionPerShare
2.40
CY2017 unit Common Stock Distribution Per Share
CommonStockDistributionPerShare
2.40
CY2016 unit Common Stock Distribution Per Share
CommonStockDistributionPerShare
2.40
CY2018 unit Common Stock Ordinary Dividends Distribution Per Share
CommonStockOrdinaryDividendsDistributionPerShare
1.53
CY2017 unit Common Stock Ordinary Dividends Distribution Per Share
CommonStockOrdinaryDividendsDistributionPerShare
1.22
CY2016 unit Common Stock Ordinary Dividends Distribution Per Share
CommonStockOrdinaryDividendsDistributionPerShare
1.31
CY2018 unit Common Stock Non Dividend Distributions Per Share
CommonStockNonDividendDistributionsPerShare
0.87
CY2017 unit Common Stock Non Dividend Distributions Per Share
CommonStockNonDividendDistributionsPerShare
1.18
CY2016 unit Common Stock Non Dividend Distributions Per Share
CommonStockNonDividendDistributionsPerShare
1.09
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
724269000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
693596000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
696713000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
699561000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
702663000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
4706951000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
8223753000
CY2018 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
We match voluntary employee contributions at a rate of 100% for the first 3% of an employee?s annual compensation and at a rate of 50% for the next 2% of an employee?s annual compensation
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1200000
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
800000
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000
CY2018Q1 us-gaap Revenues
Revenues
246915000
CY2018Q2 us-gaap Revenues
Revenues
247329000
CY2018Q3 us-gaap Revenues
Revenues
252636000
CY2018Q4 us-gaap Revenues
Revenues
270754000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
135000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6239000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2758000
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14470000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
1231000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
-3593000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
4224000
CY2018Q4 us-gaap Profit Loss
ProfitLoss
14683000
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-870000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5562000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2075000
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12346000
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2017Q1 us-gaap Revenues
Revenues
211473000
CY2017Q2 us-gaap Revenues
Revenues
213013000
CY2017Q3 us-gaap Revenues
Revenues
245210000
CY2017Q4 us-gaap Revenues
Revenues
246336000
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-20379000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16385000
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3837000
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7076000
CY2017Q1 us-gaap Profit Loss
ProfitLoss
-20000000
CY2017Q2 us-gaap Profit Loss
ProfitLoss
-16460000
CY2017Q3 us-gaap Profit Loss
ProfitLoss
4835000
CY2017Q4 us-gaap Profit Loss
ProfitLoss
22797000
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21788000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18242000
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2939000
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20539000
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2018 unit Real Estate Accumulated Depreciation Deductions
RealEstateAccumulatedDepreciationDeductions
3522000
CY2017 unit Real Estate Accumulated Depreciation Deductions
RealEstateAccumulatedDepreciationDeductions
6246000
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4739126000
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2017Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2018Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
6500000000
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
6603480000
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
6256248000
CY2018 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
231142000
CY2017 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
80132000
CY2018 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
18439000
CY2017 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
45552000
CY2018 unit Real Estate Additions
RealEstateAdditions
403196000
CY2017 unit Real Estate Additions
RealEstateAdditions
353653000
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
6577000
CY2017 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
6421000
CY2018 unit Real Estate Deductions
RealEstateDeductions
6577000
CY2017 unit Real Estate Deductions
RealEstateDeductions
6421000
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7000099000
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4399789000
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4054748000
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
343282000
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
351332000
CY2018 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
423000
CY2017 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
45000
CY2018 unit Real Estate Accumulated Depreciation Additions
RealEstateAccumulatedDepreciationAdditions
342859000
CY2017 unit Real Estate Accumulated Depreciation Additions
RealEstateAccumulatedDepreciationAdditions
351287000
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
3522000
CY2017 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
6246000

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