American Tower Corporation (REIT) (AMT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7461,5011,209803791321320
Cash and cash equivalents1,7461,5011,209802787321313
Short-term investments   14 6
Restricted cash and investments1157796153149142160
Receivables689605585622366262224
Prepaid expense66574140363324
Deferred tax assets    15
Other undisclosed current assets290315455421347239205
Total current assets:2,9062,5542,3852,0381,690996948
Noncurrent Assets
Operating lease, right-of-use asset7,7897,357
Property, plant and equipment  11,24711,10110,5179,8667,627
Long-term investments and receivables      88
Accounts and financing receivable, after allowance for credit loss      88
Intangible assets, net (including goodwill)21,12318,49716,67617,42216,34513,93010,906
Goodwill7,2836,1785,5025,6385,0714,0924,017
Intangible assets, net (excluding goodwill)13,84012,31811,17411,78311,2759,8386,889
Deferred rent receivables, net2,0841,7711,5821,4991,2901,1671,031
Deferred costs      76
Deferred income tax assets123132
Other noncurrent assets400406963950842733566
Deferred tax assets, net   106114
Other undisclosed noncurrent assets12,80912,084158204196106(24)
Total noncurrent assets:44,32840,24830,62531,17629,18925,90820,384
TOTAL ASSETS:47,23442,80233,01033,21430,87926,90421,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9351,7711,6311,4691,147939855
Accounts payable1391481311431199790
Accrued liabilities1,044958948854621516418
Employee-related liabilities      57
Interest and dividends payable752664552471408326290
Deferred revenue391294
Debt7902,9282,75577523950898
Deferred revenue and credits269245211234
Deferred tax liabilities    3
Contract with customer, liability304
Other undisclosed current liabilities540495    (60)
Total current liabilities:3,6565,4884,6902,5121,6311,2001,930
Noncurrent Liabilities
Long-term debt and lease obligation, including:28,49821,12718,40519,43018,29517,06913,711
Long-term debt, excluding current maturities  18,40519,43018,29517,06913,711
Finance lease, liability2324
Operating lease, liability6,8846,510
Other undisclosed long-term debt and lease obligation21,59014,593     
Liabilities, other than long-term debt1,8441,7051,2651,2441,1431,0662,057
Deferred revenue and credits   719
Accounts payable and accrued liabilities      309
Deferred income tax liabilities860768
Other liabilities9859371,2651,2441,1431,0661,028
Other undisclosed noncurrent liabilities8,4567,8951,7462,0731,743857(419)
Total noncurrent liabilities:38,79830,72721,41622,74821,18018,99115,349
Total liabilities:42,45336,21526,10625,26022,81220,19117,278
Temporary equity, carrying amount2121,0971,0051,1261,091  
Stockholders' equity
Stockholders' equity attributable to parent, including:4,0945,0555,3366,2426,7646,6523,954
Preferred stock      0
Common stock5554444
Treasury stock, value(1,282)(1,226)(1,207)(974)(208)(208)(208)
Additional paid in capital10,47410,11810,38110,24810,0449,6915,789
Accumulated other comprehensive loss(3,759)(2,824)(2,643)(1,978)(1,999)(1,837)(794)
Accumulated deficit(1,343)(1,017)(1,200)(1,058)(1,077)(999)(837)
Other undisclosed stockholders' equity attributable to parent    00 
Stockholders' equity attributable to noncontrolling interest47543556458721261100
Total stockholders' equity:4,5685,4905,9006,8286,9766,7134,053
TOTAL LIABILITIES AND EQUITY:47,23442,80233,01033,21430,87926,90421,332

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,0427,5807,4406,6645,7864,7724,100
Revenue, net6,6645,7864,7724,100
Operating lease, lease income7,5467,053
Operating leases, income statement, lease revenue7,315
Cost of revenue(4,110)(3,995)(4,289)(3,773)(3,316)(2,594)(1,632)
Cost of goods and services sold(2,190)(43) (2,057)(1,790)(1,309)(1,094)
Gross profit:3,9323,5853,1522,8912,4702,1772,468
Operating expenses(1,045)(897)(1,247)(893)(617)(565)(981)
Other operating expense, net
(Other Expenses)
      (700)
Other undisclosed operating income      700
Operating income:2,8882,6881,9051,9981,8531,6131,487
Nonoperating expense(1,066)(772)(750)(742)(727)(783)(621)
Other nonoperating income (expense)(241)182431(48)(135)(62)
Interest and debt expense(72)(22)(3)(70)1(80)(584)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes7222370(1)80584
Income from continuing operations before income taxes:1,8211,9161,1551,2561,126830866
Income tax expense (benefit)(130)0110(31)(156)(158)(63)
Net income:1,6921,9171,2651,225970672803
Net income (loss) attributable to noncontrolling interest(1)(29)(28)14(14)1322
Net income attributable to parent:1,6911,8881,2361,239956685825
Preferred stock dividends and other adjustments  (9)(87)(107)(90)(24)
Net income available to common stockholders, diluted:1,6911,8881,2271,152849595801

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,6921,9171,2651,225970672803
Other comprehensive income (loss)(701)(158)(790)144(204)(1,076)(525)
Comprehensive income (loss):9901,7594751,369767(404)278
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(26)497(109)184664
Other undisclosed comprehensive loss, net of tax, attributable to parent(209)(56)     
Comprehensive income (loss), net of tax, attributable to parent:7551,7075721,260785(358)342

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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