(b) Inclusive of prepaid rents of $44 million and $11 million for Q1 2013 and Q1 2012, respectively.
The components of interest expense and amortization of deferred financing costs for the three months ended March 31, 2013 and 2012 are as follows:
|For the Three Months Ended|
|(in millions)||March 31, 2013||March 31, 2012|
|Interest expense on debt obligations||$127.4||$113.0|
|Amortization of deferred financing costs||9.0||4.8|
|Amortization of adjustments on long-term debt||11.4||3.8|
|Amortization of interest rate swaps (a)||16.3||16.3|
|Interest expense and amortization of deferred financing costs (b)||$164.4||$137.5|
The components of interest expense and amortization of deferred financing costs for the quarter ending June 30, 2013 and the year ending December 31, 2013 are forecasted as follows:
(a) Relates to the amortization of interest rate swaps, all of which has been cash settled in prior periods.(b) First quarter 2013 is inclusive of $16.5 million of non-cash expense related to the 9% senior notes and the 7.75% secured notes that were retired in January 2013.
|Q2 2013||Full Year 2013|
|Interest expense on debt obligations||$119 to $121||$485 to $495|
|Amortization of deferred financing costs||$5 to $6||$25 to $27|
|Amortization of adjustments on long-term debt||$(1) to $0||$8 to $10|
|Amortization of interest rate swaps (a)||$15 to $17||$62 to $67|
|Other, net||$0 to $0||$(1) to $1|
|Interest expense and amortization of deferred financing costs (b)||$138 to $143||$584 to $594|
(a) Relates to the amortization of interest rate swaps, all of which has been cash settled in prior periods.Stock quotes in this article: CCI
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