American Tower Corporation (REIT) (AMT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
116 HUNTINGTON AVE BOSTON, MA 02116 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,973 | 2,028 | 1,950 | 1,746 | 1,501 | 1,209 | |||
| Cash and cash equivalents | 1,973 | 2,028 | 1,950 | 1,746 | 1,501 | 1,209 | |||
| Restricted cash and investments | 120 | 112 | 393 | 115 | 77 | 96 | |||
| Receivables | 993 | 1,042 | 999 | 689 | 605 | 585 | |||
| Prepaid expense | 93 | 101 | 95 | 66 | 57 | 41 | |||
| Other undisclosed current assets | 530 | 339 | 293 | 290 | 315 | 455 | |||
| Total current assets: | 3,710 | 3,622 | 3,729 | 2,906 | 2,554 | 2,385 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,879 | 8,919 | 9,225 | 7,789 | 7,357 | ✕ | |||
| Property, plant and equipment | 11,247 | ||||||||
| Intangible assets, net (including goodwill) | 29,160 | 30,940 | 34,077 | 21,123 | 18,497 | 16,676 | |||
| Goodwill | 12,639 | 12,957 | 13,350 | 7,283 | 6,178 | 5,502 | |||
| Intangible assets, net (excluding goodwill) | 16,521 | 17,983 | 20,727 | 13,840 | 12,318 | 11,174 | |||
| Deferred rent receivables, net | 3,522 | 3,039 | 2,540 | 2,084 | 1,771 | 1,582 | |||
| Deferred income tax assets | 179 | 129 | 132 | 123 | 132 | ✕ | |||
| Other noncurrent assets | 789 | 547 | 401 | 400 | 406 | 963 | |||
| Other undisclosed noncurrent assets | 19,789 | 19,998 | 19,784 | 12,809 | 12,084 | 158 | |||
| Total noncurrent assets: | 62,318 | 63,572 | 66,159 | 44,328 | 40,248 | 30,625 | |||
| TOTAL ASSETS: | 66,028 | 67,195 | 69,888 | 47,234 | 42,802 | 33,010 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,539 | 1,563 | 2,582 | 1,935 | 1,771 | 1,631 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 897 | 752 | 664 | 552 | ||
| Accounts payable | 259 | 219 | 272 | 139 | 148 | 131 | |||
| Accrued liabilities | 1,281 | 1,344 | 1,413 | 1,044 | 958 | 948 | |||
| Deferred revenue | 435 | 440 | 1,204 | 391 | 294 | ✕ | |||
| Debt | 3,188 | 4,514 | 4,569 | 790 | 2,928 | 2,755 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 304 | ||
| Other undisclosed current liabilities | 2,088 | 1,795 | 713 | 540 | 495 | ||||
| Total current liabilities: | 7,249 | 8,312 | 9,067 | 3,656 | 5,488 | 4,690 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 35,734 | 34,156 | 38,686 | 28,498 | 21,127 | 18,405 | |||
| Long-term debt, excluding current maturities | 18,405 | ||||||||
| Finance lease, liability | 17 | 23 | 25 | 23 | 24 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 35,717 | 34,133 | 30,619 | 21,590 | 14,593 | ||||
| Liabilities, other than long-term debt | 10,021 | 10,271 | 3,021 | 1,844 | 1,705 | 1,265 | |||
| Deferred income tax liabilities | 1,361 | 1,492 | 1,831 | 860 | 768 | ✕ | |||
| Other liabilities | 1,221 | 1,187 | 1,190 | 985 | 937 | 1,265 | |||
| Operating lease, liability | 7,439 | 7,592 | 8,042 | 6,884 | 6,510 | ✕ | |||
| Other undisclosed noncurrent liabilities | 2,158 | 2,047 | 10,045 | 8,456 | 7,895 | 1,746 | |||
| Total noncurrent liabilities: | 47,913 | 46,474 | 51,751 | 38,798 | 30,727 | 21,416 | |||
| Total liabilities: | 55,162 | 54,786 | 60,818 | 42,453 | 36,215 | 26,106 | |||
| Temporary equity, carrying amount | 212 | 1,097 | 1,005 | ||||||
| Equity | |||||||||
| Equity, attributable to parent | 4,198 | 5,572 | 5,081 | 4,094 | 5,055 | 5,336 | |||
| Common stock | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Treasury stock, value | (1,301) | (1,301) | (1,282) | (1,282) | (1,226) | (1,207) | |||
| Additional paid in capital | 14,873 | 14,689 | 12,240 | 10,474 | 10,118 | 10,381 | |||
| Accumulated other comprehensive loss | (5,740) | (5,718) | (4,739) | (3,759) | (2,824) | (2,643) | |||
| Accumulated deficit | (3,639) | (2,102) | (1,142) | (1,343) | (1,017) | (1,200) | |||
| Equity, attributable to noncontrolling interest | 6,667 | 6,836 | 3,988 | 475 | 435 | 564 | |||
| Total equity: | 10,865 | 12,409 | 9,070 | 4,568 | 5,490 | 5,900 | |||
| TOTAL LIABILITIES AND EQUITY: | 66,028 | 67,195 | 69,888 | 47,234 | 42,802 | 33,010 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,144 | 10,711 | 9,357 | 8,042 | 7,580 | 7,440 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,315 | |
| Operating lease, lease income | 10,388 | 9,856 | 8,640 | 7,546 | 7,053 | ✕ | ||
| Cost of revenue | (6,749) | (6,619) | (5,015) | (4,110) | (3,995) | (4,289) | ||
| Cost of goods and services sold | (3,201) | (3,156) | (2,585) | (2,190) | (43) | |||
| Gross profit: | 4,395 | 4,092 | 4,342 | 3,932 | 3,585 | 3,152 | ||
| Operating expenses | (1,370) | (1,740) | (1,210) | (1,045) | (897) | (1,247) | ||
| Other operating expense, net (Other Nonrecurring (Income) Expense) | ||||||||
| Other undisclosed operating income | ||||||||
| Operating income: | 3,025 | 2,352 | 3,132 | 2,888 | 2,688 | 1,905 | ||
| Nonoperating expense | (1,504) | (632) | (303) | (1,066) | (772) | (750) | ||
| Other nonoperating income (expense) | (249) | 434 | 566 | (241) | 18 | 24 | ||
| Interest and debt expense | (0) | (0) | (38) | (72) | (22) | (3) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 72 | 22 | 3 | |||||
| Income from continuing operations before equity method investments, income taxes: | 1,521 | 1,720 | 2,791 | 1,821 | 1,916 | 1,155 | ||
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | 38 | |||||
| Income from continuing operations before income taxes: | 1,521 | 1,721 | 2,829 | 1,821 | 1,916 | 1,155 | ||
| Income tax expense (benefit) | (154) | (24) | (262) | (130) | 0 | 110 | ||
| Income from continuing operations: | 1,367 | 1,697 | 2,568 | 1,692 | 1,917 | 1,265 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 2,568 | 1,692 | 1,917 | 1,265 | |
| Loss from discontinued operations | ||||||||
| Net income: | 1,367 | 1,697 | 2,568 | 1,692 | 1,917 | 1,265 | ||
| Net income (loss) attributable to noncontrolling interest | 116 | 69 | 0 | (1) | (29) | (28) | ||
| Net income attributable to parent: | 1,483 | 1,766 | 2,568 | 1,691 | 1,888 | 1,236 | ||
| Preferred stock dividends and other adjustments | (9) | |||||||
| Net income available to common stockholders, diluted: | 1,483 | 1,766 | 2,568 | 1,691 | 1,888 | 1,227 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,367 | 1,697 | 2,568 | 1,692 | 1,917 | 1,265 | ||
| Other comprehensive income (loss) | 60 | (1,165) | (1,150) | (701) | (158) | (790) | ||
| Comprehensive income: | 1,427 | 532 | 1,418 | 990 | 1,759 | 475 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 116 | 69 | 0 | (26) | 4 | 97 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (81) | 186 | 171 | (209) | (56) | |||
| Comprehensive income, net of tax, attributable to parent: | 1,462 | 786 | 1,588 | 755 | 1,707 | 572 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.