American Tower Corporation (REIT) (AMT) financial statements (2020 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)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5011,209803791321320312
Cash and cash equivalents1,5011,209802787321313294
Short-term investments  14 619
Restricted cash and investments7796153149142160 
Receivables605585622366262224176
Prepaid expense57414036332434
Deferred tax assets✕    1520
Other undisclosed current assets315455421347239205410
Total current assets:2,5542,3852,0381,690996948953
Noncurrent Assets
Operating lease, right-of-use asset7,357✕✕✕✕✕✕
Property, plant and equipment 11,24711,10110,5179,8667,6277,262
Long-term investments and receivables     8889
Accounts and financing receivable, after allowance for credit loss     8889
Intangible assets, net (including goodwill)18,49716,67617,42216,34513,93010,90610,431
Goodwill6,1785,5025,6385,0714,0924,0173,730
Intangible assets, net (excluding goodwill)12,31811,17411,78311,2759,8386,8896,701
Deferred rent receivables, net1,7711,5821,4991,2901,1671,031919
Deferred costs     7677
Deferred income tax assets132✕✕✕✕✕✕
Other noncurrent assets406963950842733566445
Deferred tax assets, net✕   106114158
Other undisclosed noncurrent assets12,084158204196106(24)(62)
Total noncurrent assets:40,24830,62531,17629,18925,90820,38419,320
TOTAL ASSETS:42,80233,01033,21430,87926,90421,33220,273
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7711,6311,4691,147939855637
Accounts payable1481311431199790171
Accrued liabilities958948854621516418415
Employee-related liabilities     5751
Interest and dividends payable664552471408326290 
Deferred revenue294✕✕✕✕✕✕
Debt2,9282,7557752395089870
Deferred revenue and credits✕✕269245211234162
Deferred tax liabilities✕    35
Contract with customer, liability✕304✕✕✕✕✕
Other undisclosed current liabilities495    (60)51
Total current liabilities:5,4884,6902,5121,6311,2001,930925
Noncurrent Liabilities
Long-term debt and lease obligation, including:21,12718,40519,43018,29517,06913,71114,408
Long-term debt, excluding current maturities 18,40519,43018,29517,06913,71114,408
Finance lease, liability24✕✕✕✕✕✕
Operating lease, liability6,510✕✕✕✕✕✕
Other undisclosed long-term debt and lease obligation14,593      
Liabilities, other than long-term debt1,7051,2651,2441,1431,0662,0571,374
Deferred revenue and credits✕✕   719552
Accounts payable and accrued liabilities     309 
Deferred income tax liabilities768✕✕✕✕✕✕
Other liabilities9371,2651,2441,1431,0661,028823
Other undisclosed noncurrent liabilities7,8951,7462,0731,743857(419)(25)
Total noncurrent liabilities:30,72721,41622,74821,18018,99115,34915,758
Total liabilities:36,21526,10625,26022,81220,19117,27816,683
Temporary equity, carrying amount1,0971,0051,1261,091   
Stockholders' equity
Stockholders' equity attributable to parent, including:5,0555,3366,2426,7646,6523,9543,534
Preferred stock     0 
Common stock5544444
Treasury stock, value(1,226)(1,207)(974)(208)(208)(208)(208)
Additional paid in capital10,11810,38110,24810,0449,6915,7895,131
Accumulated other comprehensive loss(2,824)(2,643)(1,978)(1,999)(1,837)(794)(311)
Accumulated deficit(1,017)(1,200)(1,058)(1,077)(999)(837)(1,081)
Other undisclosed stockholders' equity attributable to parent   00  
Stockholders' equity attributable to noncontrolling interest4355645872126110056
Total stockholders' equity:5,4905,9006,8286,9766,7134,0533,590
TOTAL LIABILITIES AND EQUITY:42,80233,01033,21430,87926,90421,33220,273

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,5807,4406,6645,7864,7724,1003,361
Revenue, net✕✕6,6645,7864,7724,1003,361
Operating lease, lease income7,053✕✕✕✕✕✕
Operating leases, income statement, lease revenue✕7,315✕✕✕✕✕
Cost of revenue(3,995)(4,289)(3,773)(3,316)(2,594)(1,632)(1,309)
Cost of goods and services sold(43) (2,057)(1,790)(1,309)(1,094)(860)
Gross profit:3,5853,1522,8912,4702,1772,4682,052
Operating expenses(897)(1,247)(893)(617)(565)(981)(838)
Other operating income (expense), net
(Other Expenses)		     (700)766
Other undisclosed operating income (loss)     700(766)
Operating income:2,6881,9051,9981,8531,6131,4871,214
Nonoperating expense(772)(750)(742)(727)(783)(621)(673)
Other nonoperating income (expense)182431(48)(135)(62)(208)
Interest and debt expense(22)(3)(70)1(80)(584)(497)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes22370(1)80584497
Income from continuing operations before income taxes:1,9161,1551,2561,126830866542
Income tax expense (benefit)0110(31)(156)(158)(63)(60)
Net income:1,9171,2651,225970672803482
Net income (loss) attributable to noncontrolling interest(29)(28)14(14)132269
Net income attributable to parent:1,8881,2361,239956685825551
Preferred stock dividends and other adjustments (9)(87)(107)(90)(24) 
Net income available to common stockholders, diluted:1,8881,2271,152849595801551

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,9171,2651,225970672803482
Other comprehensive income (loss)(158)(790)144(204)(1,076)(525)(131)
Comprehensive income (loss):1,7594751,369767(404)278351
Comprehensive income (loss), net of tax, attributable to noncontrolling interest497(109)18466473
Other undisclosed comprehensive loss, net of tax, attributable to parent(56)      
Comprehensive income (loss), net of tax, attributable to parent:1,7075721,260785(358)342423

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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