AMERICAN TOWER CORP /MA/ (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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0281,9501,7461,5011,209803
Cash and cash equivalents2,0281,9501,7461,5011,209802
Short-term investments      1
Restricted cash and investments1123931157796153
Receivables1,042999689605585622
Prepaid expense1019566574140
Other undisclosed current assets339293290315455421
Total current assets:3,6223,7292,9062,5542,3852,038
Noncurrent Assets
Operating lease, right-of-use asset8,9199,2257,7897,357
Property, plant and equipment     11,24711,101
Intangible assets, net (including goodwill)30,94034,07721,12318,49716,67617,422
Goodwill12,95713,3507,2836,1785,5025,638
Intangible assets, net (excluding goodwill)17,98320,72713,84012,31811,17411,783
Deferred rent receivables, net3,0392,5402,0841,7711,5821,499
Deferred income tax assets129132123132
Other noncurrent assets547401400406963950
Other undisclosed noncurrent assets19,99819,78412,80912,084158204
Total noncurrent assets:63,57266,15944,32840,24830,62531,176
TOTAL ASSETS:67,19569,88847,23442,80233,01033,214
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5632,5821,9351,7711,6311,469
Interest and dividends payable897752664552471
Accounts payable219272139148131143
Accrued liabilities1,3441,4131,044958948854
Deferred revenue4401,204391294
Debt4,5144,5697902,9282,755775
Deferred revenue and credits269
Contract with customer, liability304
Other undisclosed current liabilities1,795713540495  
Total current liabilities:8,3129,0673,6565,4884,6902,512
Noncurrent Liabilities
Long-term debt and lease obligation, including:34,15638,68628,49821,12718,40519,430
Long-term debt, excluding current maturities     18,40519,430
Finance lease, liability 23252324
Other undisclosed long-term debt and lease obligation34,13330,61921,59014,593  
Liabilities, other than long-term debt10,2713,0211,8441,7051,2651,244
Deferred income tax liabilities1,4921,831860768
Other liabilities1,1871,1909859371,2651,244
Operating lease, liability7,5928,0426,8846,510
Other undisclosed noncurrent liabilities2,04710,0458,4567,8951,7462,073
Total noncurrent liabilities:46,47451,75138,79830,72721,41622,748
Total liabilities:54,78660,81842,45336,21526,10625,260
Temporary equity, carrying amount   2121,0971,0051,126
Equity
Equity, attributable to parent5,5725,0814,0945,0555,3366,242
Common stock555554
Treasury stock, value(1,301)(1,282)(1,282)(1,226)(1,207)(974)
Additional paid in capital14,68912,24010,47410,11810,38110,248
Accumulated other comprehensive loss(5,718)(4,739)(3,759)(2,824)(2,643)(1,978)
Accumulated deficit(2,102)(1,142)(1,343)(1,017)(1,200)(1,058)
Equity, attributable to noncontrolling interest6,8363,988475435564587
Total equity:12,4099,0704,5685,4905,9006,828
TOTAL LIABILITIES AND EQUITY:67,19569,88847,23442,80233,01033,214

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,7119,3578,0427,5807,4406,664
Operating leases, income statement, lease revenue7,315
Revenue, net6,664
Operating lease, lease income9,8568,6407,5467,053
Cost of revenue(6,619)(5,015)(4,110)(3,995)(4,289)(3,773)
Cost of goods and services sold(3,156)(2,585)(2,190)(43) (2,057)
Gross profit:4,0924,3423,9323,5853,1522,891
Operating expenses(1,740)(1,210)(1,045)(897)(1,247)(893)
Operating income:2,3523,1322,8882,6881,9051,998
Nonoperating expense(632)(303)(1,066)(772)(750)(742)
Other nonoperating income (expense)434566(241)182431
Interest and debt expense(0)(38)(72)(22)(3)(70)
Other undisclosed income from continuing operations before equity method investments, income taxes   7222370
Income from continuing operations before equity method investments, income taxes:1,7202,7911,8211,9161,1551,256
Other undisclosed income from continuing operations before income taxes038    
Income from continuing operations before income taxes:1,7212,8291,8211,9161,1551,256
Income tax expense (benefit)(24)(262)(130)0110(31)
Income from continuing operations:1,6972,5681,6921,9171,2651,225
Income before gain (loss) on sale of properties:2,5681,6921,9171,2651,225
Net income:1,6972,5681,6921,9171,2651,225
Net income (loss) attributable to noncontrolling interest690(1)(29)(28)14
Net income attributable to parent:1,7662,5681,6911,8881,2361,239
Preferred stock dividends and other adjustments     (9)(87)
Net income available to common stockholders, diluted:1,7662,5681,6911,8881,2271,152

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,6972,5681,6921,9171,2651,225
Other comprehensive income (loss)(1,165)(1,150)(701)(158)(790)144
Comprehensive income:5321,4189901,7594751,369
Comprehensive income (loss), net of tax, attributable to noncontrolling interest690(26)497(109)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent186171(209)(56)  
Comprehensive income, net of tax, attributable to parent:7861,5887551,7075721,260

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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