← AMERICAN TOWER CORP /MA/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $970.4m | $1.2b | $1.3b | $1.9b | $1.7b | $2.6b | $1.7b | $1.4b | $2.3b | $2.6b | |
| Depreciation, amortization and accretion | $1.5b | $1.7b | $2.1b | $1.8b | $1.9b | $2.3b | $3.4b | $3.1b | $2.1b | $2.0b | |
| Amortization of deferred financing costs, debt discounts and premiums and other non-cash interest | $17.7m | $20.0m | $22.1m | $25.9m | $32.9m | $39.9m | $47.5m | $49.8m | $54.1m | $54.1m | |
| Deferred income taxes | $27.0m | ($86.6m) | ($303.0m) | ($55.1m) | ($22.5m) | ($41.2m) | ($236.7m) | ($182.0m) | $52.3m | $42.5m | |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | $50.7m | $242.4m | $479.6m | $140.0m | $239.5m | $196.4m | $684.3m | $739.9m | $96.6m | $83.0m | |
| Right-of-use asset and Operating lease liability, net | — | — | $0 | $17.4m | ($10.9m) | ($32.7m) | ($9.3m) | ($103.7m) | ($20.6m) | ($1.6m) | |
| Stock-based compensation expense | $89.9m | $108.5m | $137.5m | $111.4m | $120.8m | $119.5m | $169.3m | $195.7m | $203.6m | $174.2m | |
| Loss (gain) on investments, unrealized foreign currency loss (gain) and other non-cash expense | $127.4m | ($18.0m) | $47.3m | $46.2m | $299.6m | ($535.2m) | ($401.2m) | $279.0m | ($380.1m) | $606.7m | |
| Loss on early retirement of long-term obligations | ($1.2m) | $70.2m | $3.3m | $22.2m | $71.8m | $38.2m | $400k | $300k | $0 | $0 | |
| Loss on sale of ATC TIPL | — | — | — | — | — | — | $0 | $0 | $1.2b | $0 | |
| Accounts receivable | $11.4m | ($191.1m) | ($32.1m) | $12.5m | ($175.5m) | ($191.7m) | ($78.6m) | ($34.5m) | ($103.4m) | ($62.2m) | |
| Prepaid and other assets | ($83.2m) | ($179.9m) | ($101.7m) | ($67.6m) | $84.4m | ($33.2m) | ($196.1m) | ($342.6m) | $32.8m | ($700k) | |
| Deferred rent asset | ($131.7m) | ($194.4m) | ($87.6m) | ($183.5m) | ($322.0m) | ($465.6m) | ($499.8m) | ($472.0m) | ($276.3m) | ($101.0m) | |
| Accounts payable and accrued expenses | ($42.9m) | $95.8m | $69.3m | ($46.8m) | ($69.2m) | $33.2m | ($48.2m) | ($11.9m) | $48.0m | ($65.6m) | |
| Accrued interest | $34.4m | $9.2m | $8.4m | $32.4m | ($1.8m) | $42.9m | $6.6m | $128.6m | ($9.6m) | $45.0m | |
| Unearned revenue | $16.6m | $59.3m | $85.8m | $2.5m | $60.7m | $743.8m | ($818.9m) | ($43.4m) | ($79.3m) | ($30.7m) | |
| Other non-current liabilities | $18.6m | ($13.4m) | ($14.0m) | $100k | ($200k) | $5.4m | $25.1m | $65.6m | $21.9m | $50.2m | |
| Cash provided by operating activities | $2.7b | $2.9b | $3.7b | $3.8b | $3.9b | $4.8b | $3.7b | $4.7b | $5.3b | $5.5b | |
| Payments for purchase of property and equipment and construction activities | ($682.5m) | ($803.6m) | ($913.2m) | ($991.3m) | ($1.0b) | ($1.4b) | ($1.9b) | ($1.8b) | ($1.6b) | ($1.7b) | |
| Payments for acquisitions, net of cash acquired | ($1.4b) | ($2.0b) | ($1.9b) | ($3.0b) | ($3.8b) | ($19.3b) | ($549.0m) | ($168.0m) | ($123.0m) | ($454.2m) | |
| Proceeds from the sale of ATC TIPL | — | — | — | — | — | — | $0 | $0 | $2.2b | $0 | |
| Deposits and other | ($16.1m) | ($5.0m) | ($52.8m) | ($64.2m) | $26.6m | ($900k) | $47.8m | $253.3m | ($288.4m) | ($19.8m) | |
| Cash (used for) provided by investing activities | ($2.1b) | ($2.8b) | ($2.7b) | ($4.0b) | ($4.8b) | ($20.7b) | ($2.4b) | ($1.7b) | $410.6m | ($1.9b) | |
| Proceeds from short-term borrowings, net | $0 | $0 | — | — | $0 | $0 | $28.8m | $148.7m | $8.8m | $0 | |
| Borrowings under credit facilities | $2.4b | $5.4b | $3.3b | $5.8b | $8.2b | $12.9b | $4.2b | $6.1b | $6.9b | $6.1b | |
| Proceeds from issuance of senior notes, net | $3.2b | $2.7b | $584.9m | $4.9b | $7.9b | $6.8b | $1.3b | $5.7b | $3.6b | $3.0b | |
| Proceeds from issuance of securities in securitization transaction | $0 | $0 | $500.0m | $0 | $0 | $0 | $0 | $1.3b | $0 | $0 | |
| Proceeds from stock options and employee stock purchase plan | — | $119.7m | $98.9m | $105.5m | $98.1m | $96.8m | $32.4m | $22.1m | $46.4m | $41.7m | |
| Distributions paid on common stock | ($886.1m) | ($1.1b) | ($1.3b) | ($1.6b) | ($1.9b) | ($2.3b) | ($2.6b) | ($2.9b) | ($3.1b) | ($3.2b) | |
| Cash used for financing activities | ($99.3m) | ($113.0m) | ($607.7m) | $521.7m | $1.2b | $16.4b | ($1.4b) | ($3.1b) | ($5.5b) | ($4.2b) | |
| Proceeds from sales of short-term investments and other non-current assets | $13.1m | $14.7m | $1.3b | $383.5m | $19.6m | $14.3m | $19.6m | $17.3m | $253.2m | $294.6m | |
| Repayments of notes payable, credit facilities, senior notes, secured debt, term loans and finance leases | ($5.1b) | ($6.5b) | ($4.9b) | ($9.2b) | ($13.9b) | ($13.2b) | ($9.6b) | ($13.2b) | ($12.4b) | ($9.5b) | |
| Purchases of common stock | $0 | ($766.3m) | ($232.8m) | ($19.6m) | ($56.0m) | $0 | ($18.8m) | $0 | $0 | ($364.6m) | |
| Contributions from noncontrolling interest holders | — | $264.3m | — | $0 | $0 | $3.1b | $3.1b | $4.1m | $104.7m | $148.1m | |
| Distributions to noncontrolling interest holders | — | — | ($14.4m) | ($11.8m) | ($12.3m) | ($223.2m) | ($10.9m) | ($46.5m) | ($390.8m) | ($270.8m) | |
| Deferred financing costs and other financing activities | ($26.4m) | ($40.0m) | ($56.6m) | ($135.6m) | ($176.5m) | ($155.8m) | ($94.9m) | ($144.5m) | ($218.5m) | ($233.5m) | |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash | ($26.5m) | $6.7m | ($41.1m) | ($13.7m) | ($28.7m) | ($70.3m) | ($120.4m) | $23.2m | ($233.9m) | $101.3m | |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH | $473.6m | $18.4m | $350.0m | $273.1m | $283.4m | $481.9m | ($202.6m) | ($47.3m) | $14.8m | ($503.0m) | |
| CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR | $936.5m | $954.9m | $1.3b | $1.6b | $1.9b | $2.3b | $2.1b | $2.1b | $2.1b | $1.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.