SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 11, 2003
SPECTRASITE, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation or organization)
SPECTRASITE, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation or organization)
0-27217 56-2027322
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(Commission File Number) (I.R.S. Employer Identification Number)
400 REGENCY FOREST DRIVE
CARY, NORTH CAROLINA 27511
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(Address of principal executive offices) (Zip Code)
(919) 468-0112
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(Registrant's telephone number, including area code)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired.
None.
(b) Pro forma financial information.
None.
(c) Exhibits.
99.1 The Registrant's earnings release, reporting its financial
results for the quarter ended June 30, 2003.
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On August 11, 2003, SpectraSite, Inc. announced its operating results
for the three months ended June 30, 2003. SpectraSite, Inc.'s earnings release
is attached to this report as Exhibit 99.1 and is incorporated herein by
reference. The information furnished in this Item 12 and Exhibit 99.1 shall not
be deemed to be "filed" for purposes of the Securities Exchange Act of 1934, nor
shall it be deemed incorporated by reference in any filing of the Securities Act
of 1933.
The attached press release contains non-GAAP measures. For purposes of
Regulation G, a non-GAAP financial measure is a numerical measure of a company's
performance, financial position, or cash flows that either excludes or includes
amounts that are not normally excluded or included in the most directly
comparable measure calculated and presented in accordance with generally
accepted accounting principles. Adjusted EBITDA, same tower revenue and same
tower cash flow are provided because they are measures commonly used in the
communications site industry as a measure of a company's operating performance.
Free cash flow (deficit) is provided because it is a measure commonly used in
the communications site industry as a measure of a company's ability to generate
cash from operations. Although these non-GAAP measures are not necessarily
comparable with similarly titled measures for other companies, we believe that
the non-GAAP measures can assist in comparing company performance on a
consistent basis, and with respect to Adjusted EBITDA without regard to
restructuring and non-recurring charges, non-cash compensation charges, and
depreciation, amortization and accretion expenses, which may vary significantly
depending on accounting methods where acquisitions are involved or non-operating
factors such as historical cost bases. These measures should be considered in
addition to results prepared in accordance with GAAP, but are not a substitute
for or superior to GAAP results. Consistent with our historical practice, the
non-GAAP measures included in the attached press release have been reconciled to
the nearest GAAP measure.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SPECTRASITE, INC.
Dated: August 12, 2003 By: /s/ David P. Tomick
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David P. Tomick
Executive Vice President and Chief
Financial Officer
EXHIBIT INDEX
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99.1 The Registrant's earnings release, reporting its financial
results for the quarter ended June 30, 2003.