Crown Castle International Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. Total revenue for the fourth quarter of 2012 increased 30% to $674 million from $519 million for the same period in 2011. Adjusted Funds from Operations (AFFO) increased 26% to $243 million in fourth quarter 2012 compared to $193 million in the fourth quarter of 2011. AFFO per share increased 22% to $0.83 in the fourth quarter of 2012 compared to $0.68 in the fourth quarter of 2011. Funds from Operations (FFO) decreased 52% to $88 million, inclusive of a $117 million loss on retirement of debt in the fourth quarter of 2012, compared to $182 million in the fourth quarter of 2011. FFO per share decreased 53% to $0.30 in the fourth quarter of 2012 compared to $0.64 in the fourth quarter of 2011. Net loss for the fourth quarter of 2012 was $10 million, inclusive of the aforementioned loss on retirement of debt, compared to net income of $49 million for the same period in 2011. Net loss attributable to CCI stockholders per common share was $0.07 for the fourth quarter of 2012 compared to income of $0.16 in the fourth quarter of 2011. Adjusted EBITDA was $413.9 million against $335.2 million a year ago. Operating income was $208.708 million against $176.846 million a year ago. Loss before income taxes was $80.267 million against profit of $49.523 million a year ago.

Adjusted EBITDA for full year 2012 increased $246 million, or 19%, to $1.55 billion, up from $1.31 billion for full year 2011. AFFO increased $149 million, or 20%, from $737 million for full year 2011 to $886 million for full year 2012. AFFO per share increased 18% to $3.04 in full year 2012 compared to $2.58 for full year 2011. FFO decreased $13 million, inclusive of a $132 million loss on retirement of debt, from $708 million for full year 2011 to $696 million for full year 2012. FFO per share decreased $0.09 to $2.39 in full year 2012 compared to $2.48 for full year 2011. Net income for full year 2012 increased to $201 million, inclusive of the aforementioned loss on retirement of debt, compared to $171 million for the same period in 2011. Net income per common share was $0.64 for full year 2012 compared to $0.52 for full year 2011. Net debt was $10,895.8 million. Total net revenues were $2,432.68 million against $2,032.729 million a year ago. Operating income was $834.681 million against $692.305 million a year ago. Profit before income taxes was $100.827 million against profit of $179.807 million a year ago. Net cash provided by operating activities was $772.557 million against $643.454 million a year ago. Capital expenditures were $441.383 million against $347.942 million a year ago.

The company provided earnings guidance for the first quarter and full year 2013. For the quarter, the company expects Site rental revenues to be in the range of $605 million to $610 million; Adjusted EBITDA to be in the range of $423 million to $428 million; FFO to be in the range of $195 million to $200 million; AFFO to be in the range of $259 million to $264 million; AFFO per share to be in the range of $0.89 to $0.90; net loss to net income to be in the range of ($17 million) to $23 million and loss and income per share – diluted in the range of ($0.06) to $0.08.

For the full year, the company expects Site rental revenues to be in the range of $2,444 million to $2,459 million; Adjusted EBITDA to be in the range of $1,691 million to $1,706 million; FFO to be in the range of $928 million to $943 million; AFFO to be in the range of $1,067 million to $1,082 million; AFFO per share to be in the range of $3.65 to $3.70; net income to be in the range of $58 million to $159 million and income per share – diluted in the range of $0.20 to $0.54. CapEx to be in the range of $350 million to $400 million.