AMERICAN TOWER CORP /MA/ (AMT) financial statements (2022 and earlier)

Company profile

Business Address 116 HUNTINGTON AVE
BOSTON, MA 02116
State of Incorp. DE
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9501,7461,5011,209803791321
Cash and cash equivalents1,9501,7461,5011,209802787321
Short-term investments    14 
Restricted cash and investments3931157796153149142
Receivables999689605585622366262
Prepaid expense95665741403633
Other undisclosed current assets293290315455421347239
Total current assets:3,7292,9062,5542,3852,0381,690996
Noncurrent Assets
Operating lease, right-of-use asset9,2257,7897,357
Property, plant and equipment   11,24711,10110,5179,866
Intangible assets, net (including goodwill)34,07721,12318,49716,67617,42216,34513,930
Goodwill13,3507,2836,1785,5025,6385,0714,092
Intangible assets, net (excluding goodwill)20,72713,84012,31811,17411,78311,2759,838
Deferred rent receivables, net2,5402,0841,7711,5821,4991,2901,167
Deferred income tax assets132123132
Other noncurrent assets401400406963950842733
Deferred tax assets, net   106
Other undisclosed noncurrent assets19,78412,80912,084158204196106
Total noncurrent assets:66,15944,32840,24830,62531,17629,18925,908
TOTAL ASSETS:69,88847,23442,80233,01033,21430,87926,904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5821,9351,7711,6311,4691,147939
Accounts payable27213914813114311997
Accrued liabilities1,4131,044958948854621516
Interest and dividends payable897752664552471408326
Deferred revenue1,204391294
Debt4,5697902,9282,75577523950
Deferred revenue and credits269245211
Contract with customer, liability304
Other undisclosed current liabilities713540495    
Total current liabilities:9,0673,6565,4884,6902,5121,6311,200
Noncurrent Liabilities
Long-term debt and lease obligation, including:38,68628,49821,12718,40519,43018,29517,069
Long-term debt, excluding current maturities   18,40519,43018,29517,069
Finance lease, liability252324
Operating lease, liability8,0426,8846,510
Other undisclosed long-term debt and lease obligation30,61921,59014,593    
Liabilities, other than long-term debt3,0211,8441,7051,2651,2441,1431,066
Deferred income tax liabilities1,831860768
Other liabilities1,1909859371,2651,2441,1431,066
Other undisclosed noncurrent liabilities10,0458,4567,8951,7462,0731,743857
Total noncurrent liabilities:51,75138,79830,72721,41622,74821,18018,991
Total liabilities:60,81842,45336,21526,10625,26022,81220,191
Temporary equity, carrying amount 2121,0971,0051,1261,091 
Stockholders' equity
Stockholders' equity attributable to parent, including:5,0814,0945,0555,3366,2426,7646,652
Common stock5555444
Treasury stock, value(1,282)(1,282)(1,226)(1,207)(974)(208)(208)
Additional paid in capital12,24010,47410,11810,38110,24810,0449,691
Accumulated other comprehensive loss(4,739)(3,759)(2,824)(2,643)(1,978)(1,999)(1,837)
Accumulated deficit(1,142)(1,343)(1,017)(1,200)(1,058)(1,077)(999)
Other undisclosed stockholders' equity attributable to parent     00
Stockholders' equity attributable to noncontrolling interest3,98847543556458721261
Total stockholders' equity:9,0704,5685,4905,9006,8286,9766,713
TOTAL LIABILITIES AND EQUITY:69,88847,23442,80233,01033,21430,87926,904

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,3578,0427,5807,4406,6645,7864,772
Revenue, net6,6645,7864,772
Operating lease, lease income8,6407,5467,053
Operating leases, income statement, lease revenue7,315
Cost of revenue(5,015)(4,110)(3,995)(4,289)(3,773)(3,316)(2,594)
Cost of goods and services sold(2,585)(2,190)(43) (2,057)(1,790)(1,309)
Gross profit:4,3423,9323,5853,1522,8912,4702,177
Operating expenses(1,210)(1,045)(897)(1,247)(893)(617)(565)
Operating income:3,1322,8882,6881,9051,9981,8531,613
Nonoperating expense(303)(1,066)(772)(750)(742)(727)(783)
Other nonoperating income (expense)566(241)182431(48)(135)
Interest and debt expense(38)(72)(22)(3)(70)1(80)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 7222370(1)80
Income from continuing operations before equity method investments, income taxes:2,7911,8211,9161,1551,2561,126830
Other undisclosed income from continuing operations before income taxes38      
Income from continuing operations before income taxes:2,8291,8211,9161,1551,2561,126830
Income tax expense (benefit)(262)(130)0110(31)(156)(158)
Net income:2,5681,6921,9171,2651,225970672
Net income (loss) attributable to noncontrolling interest0(1)(29)(28)14(14)13
Net income attributable to parent:2,5681,6911,8881,2361,239956685
Preferred stock dividends and other adjustments   (9)(87)(107)(90)
Net income available to common stockholders, diluted:2,5681,6911,8881,2271,152849595

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,5681,6921,9171,2651,225970672
Other comprehensive income (loss)(1,150)(701)(158)(790)144(204)(1,076)
Comprehensive income (loss):1,4189901,7594751,369767(404)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(26)497(109)1846
Other undisclosed comprehensive income (loss), net of tax, attributable to parent171(209)(56)    
Comprehensive income (loss), net of tax, attributable to parent:1,5887551,7075721,260785(358)

Statements sources

The financial statements are based on the company's filings with the 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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