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American Tower Corporation (REIT) (AMT) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
222 BERKELEY STREET 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)
| 3/31/2026 MRQ | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,475 | 2,000 | 1,973 | 2,028 | 1,950 | 1,746 | |||
| Cash and cash equivalent | 1,475 | 2,000 | 1,973 | 2,028 | 1,950 | 1,746 | |||
| Restricted cash and investments | 130 | 109 | 120 | 112 | 393 | 115 | |||
| Receivables | 845 | 729 | 993 | 1,042 | 999 | 689 | |||
| Prepaid expense | 81 | 83 | 93 | 101 | 95 | 66 | |||
| Other undisclosed current assets | 211 | 259 | 530 | 339 | 293 | 290 | |||
| Total current assets: | 2,742 | 3,179 | 3,710 | 3,622 | 3,729 | 2,906 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,427 | 8,090 | 8,879 | 8,919 | 9,225 | 7,789 | |||
| Intangible asset, including goodwill, after accumulated amortization | 26,786 | 26,242 | 29,160 | 30,940 | 34,077 | 21,123 | |||
| Goodwill | 12,256 | 11,768 | 12,639 | 12,957 | 13,350 | 7,283 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 14,531 | 14,474 | 16,521 | 17,983 | 20,727 | 13,840 | |||
| Deferred rent receivables, net | 3,851 | 3,710 | 3,522 | 3,039 | 2,540 | 2,084 | |||
| Deferred income tax assets | 151 | 123 | 179 | 129 | 132 | 123 | |||
| Other noncurrent assets | 877 | 677 | 789 | 547 | 401 | 400 | |||
| Other undisclosed noncurrent assets | 20,356 | 19,057 | 19,789 | 19,998 | 19,784 | 12,809 | |||
| Total noncurrent assets: | 60,449 | 57,899 | 62,318 | 63,572 | 66,159 | 44,328 | |||
| TOTAL ASSETS: | 63,190 | 61,077 | 66,028 | 67,195 | 69,888 | 47,234 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,372 | 1,323 | 1,539 | 1,563 | 2,582 | 1,935 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | 897 | 752 | ||
| Accounts payable | 260 | 241 | 259 | 219 | 272 | 139 | |||
| Accrued liabilities | 1,113 | 1,082 | 1,281 | 1,344 | 1,413 | 1,044 | |||
| Deferred revenue | 325 | 329 | 435 | 440 | 1,204 | 391 | |||
| Debt | 3,388 | 3,693 | 3,188 | 4,514 | 4,569 | 790 | |||
| Other undisclosed current liabilities | 1,829 | 1,731 | 2,088 | 1,795 | 713 | 540 | |||
| Total current liabilities: | 6,914 | 7,076 | 7,249 | 8,312 | 9,067 | 3,656 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 33,833 | 32,809 | 35,734 | 34,156 | 38,686 | 28,498 | |||
| Finance lease, liability | 14 | 17 | 23 | 25 | 23 | ||||
| Other undisclosed long-term debt and lease obligation | 33,833 | 32,795 | 35,717 | 34,133 | 30,619 | 21,590 | |||
| Liabilities, other than long-term debt | 9,576 | 9,151 | 10,021 | 10,271 | 3,021 | 1,844 | |||
| Deferred income tax liabilities | 1,440 | 1,262 | 1,361 | 1,492 | 1,831 | 860 | |||
| Other liabilities | 977 | 1,013 | 1,221 | 1,187 | 1,190 | 985 | |||
| Operating lease, liability | 7,159 | 6,876 | 7,439 | 7,592 | 8,042 | 6,884 | |||
| Other undisclosed noncurrent liabilities | 2,513 | 2,394 | 2,158 | 2,047 | 10,045 | 8,456 | |||
| Total noncurrent liabilities: | 45,921 | 44,353 | 47,913 | 46,474 | 51,751 | 38,798 | |||
| Total liabilities: | 52,835 | 51,429 | 55,162 | 54,786 | 60,818 | 42,453 | |||
| Temporary equity, including noncontrolling interest | 212 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | 3,653 | 3,382 | 4,198 | 5,572 | 5,081 | 4,094 | |||
| Common stock | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Treasury stock, value | (1,666) | (1,301) | (1,301) | (1,301) | (1,282) | (1,282) | |||
| Additional paid in capital | 15,215 | 15,057 | 14,873 | 14,689 | 12,240 | 10,474 | |||
| Accumulated other comprehensive loss | (4,816) | (5,955) | (5,740) | (5,718) | (4,739) | (3,759) | |||
| Accumulated deficit | (5,086) | (4,424) | (3,639) | (2,102) | (1,142) | (1,343) | |||
| Equity, attributable to noncontrolling interest | 6,703 | 6,267 | 6,667 | 6,836 | 3,988 | 475 | |||
| Total equity: | 10,355 | 9,649 | 10,865 | 12,409 | 9,070 | 4,568 | |||
| TOTAL LIABILITIES AND EQUITY: | 63,190 | 61,077 | 66,028 | 67,195 | 69,888 | 47,234 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2026 TTM | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,645 | 10,127 | 11,144 | 10,711 | 9,357 | 8,042 | ||
| Operating lease, lease income | 9,709 | 9,353 | 10,388 | 9,856 | 8,640 | 7,546 | ||
| Cost of revenue | (4,858) | (4,677) | (6,749) | (6,619) | (5,015) | (4,110) | ||
| Cost of product and service sold | (2,574) | (2,482) | (3,201) | (3,156) | (2,585) | (2,190) | ||
| Gross profit: | 5,787 | 5,450 | 4,395 | 4,092 | 4,342 | 3,932 | ||
| Operating expenses | (941) | (933) | (1,370) | (1,740) | (1,210) | (1,045) | ||
| Other operating expense, net | (68) | (74) | ||||||
| Other expenses | ||||||||
| Other nonrecurring (income) expense | 15 | 12 | ||||||
| Other undisclosed operating income | 68 | 74 | ||||||
| Operating income: | 4,846 | 4,517 | 3,025 | 2,352 | 3,132 | 2,888 | ||
| Nonoperating expense | (1,802) | (892) | (1,504) | (632) | (303) | (1,066) | ||
| Other nonoperating income (expense) | (576) | 378 | (249) | 434 | 566 | (241) | ||
| Interest and debt expense | (1,359) | (1,405) | (0) | (0) | (38) | (72) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 72 | |||||||
| Income from continuing operations before equity method investments, income taxes: | 1,685 | 2,220 | 1,521 | 1,720 | 2,791 | 1,821 | ||
| Other undisclosed income from continuing operations before income taxes | 1,359 | 1,405 | 0 | 0 | 38 | |||
| Income from continuing operations before income taxes: | 3,044 | 3,625 | 1,521 | 1,721 | 2,829 | 1,821 | ||
| Income tax expense | (416) | (366) | (154) | (24) | (262) | (130) | ||
| Income from continuing operations: | 2,629 | 3,259 | 1,367 | 1,697 | 2,568 | 1,692 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 2,568 | 1,692 | |
| Loss from discontinued operations | (978) | |||||||
| Net income: | 2,629 | 2,280 | 1,367 | 1,697 | 2,568 | 1,692 | ||
| Net income (loss) attributable to noncontrolling interest | (99) | (25) | 116 | 69 | 0 | (1) | ||
| Net income available to common stockholders, diluted: | 2,530 | 2,255 | 1,483 | 1,766 | 2,568 | 1,691 | ||
Comprehensive Income ($ in millions)
| 3/31/2026 TTM | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 2,629 | 2,280 | 1,367 | 1,697 | 2,568 | 1,692 | ||
| Other comprehensive income (loss) | 1,599 | (449) | 60 | (1,165) | (1,150) | (701) | ||
| Comprehensive income: | 4,227 | 1,831 | 1,427 | 532 | 1,418 | 990 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (559) | 209 | 116 | 69 | 0 | (26) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (81) | 186 | 171 | (209) | ||||
| Comprehensive income, net of tax, attributable to parent: | 3,668 | 2,040 | 1,462 | 786 | 1,588 | 755 | ||
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.
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