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AMERICAN TOWER CORP /MA/

CIK: 1053507 SIC: 6798
$10.45B
Revenue
$3.02B
Net Income
98.39%
Gross Margin
45.58%
Op. Margin
$6.60B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 4 of 16 annual reports available (2009 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $10.45B $10.13B $11.14B $10.71B $9.36B
Revenue Growth % 3.2% -9.1% 4.0% 14.5% nan%
Cost of Revenue $168.60M $92.60M $60.10M $107.40M $96.70M
+ Gross Profit $10.29B $10.03B $11.08B $10.60B $9.26B
Gross Margin % 98.4% 99.1% 99.5% 99.0% 99.0%
Operating Expenses $5.69B $5.61B $8.12B $8.36B $6.22B
Selling General & Admin $947.30M $933.40M $992.50M $972.30M $811.60M
+ Operating Income $4.77B $4.52B $3.02B $2.35B $3.13B
Operating Margin % 45.6% 44.6% 27.1% 22.0% 33.5%
Interest Expense $2.37B $1.42B $1.40B $1.14B $870.90M
Other Income/Expense $-169.70M $377.60M $-248.50M $433.70M $566.10M
Income Before Tax $3.38B $3.62B $1.52B $1.72B $2.83B
Income Tax Expense $362.80M $366.30M $154.20M $24.00M $261.80M
+ Net Income $3.02B $2.28B $1.37B $1.70B $2.57B
Net Margin % 28.9% 22.5% 12.3% 15.8% 27.4%
Basic EPS 6.28 4.83 3.18 3.83 5.69
Diluted EPS 6.27 4.82 3.18 3.82 5.66
Basic Shares Outstanding 468.3M 467.0M 466.1M 461.5M 451.5M
Diluted Shares Outstanding 469.0M 468.1M 467.2M 462.8M 453.3M
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $2.00B $1.97B $2.03B $1.95B
Accounts Receivable $540.00M $669.70M $758.30M $728.90M
Other Current Assets $530.60M $946.90M $723.30M $657.20M
Total Current Assets $3.18B $3.71B $3.62B $3.73B
Goodwill $11.77B $12.64B $12.96B $13.35B
Intangible Assets $14.47B $16.52B $17.98B $20.73B
Other Non-current Assets $676.90M $789.40M $546.70M $400.90M
Total Assets $61.08B $66.03B $67.19B $69.89B
Accounts Payable $240.80M $258.70M $218.60M $272.40M
Accrued Liabilities $1.08B $1.28B $1.34B $1.41B
Deferred Revenue $329.20M $434.70M $439.70M $1.20B
Total Current Liabilities $7.08B $7.25B $8.31B $9.07B
Long-term Debt $32.81B $35.73B $34.16B $38.69B
Deferred Tax Liabilities $1.26B $1.36B $1.49B $1.83B
Other Non-current Liabilities $1.01B $1.22B $1.19B $1.19B
Total Liabilities $51.43B $55.16B $54.79B $60.82B
Common Stock $4.80M $4.80M $4.80M $4.70M
Retained Earnings $-4.42B $-3.64B $-2.10B $-1.14B
Treasury Stock - - - $1.28B
Total Stockholders Equity $3.38B $4.20B $5.57B $5.08B
Total Liabilities & Equity $61.08B $66.03B $67.19B $69.89B
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $3.52B $2.28B $1.37B $1.70B $2.57B
Stock-based Compensation $338.60M $203.60M $195.70M $169.30M $119.50M
Change in Receivables - $103.40M $34.50M $78.60M $191.70M
Operating Cash Flow $9.11B $5.29B $4.72B $3.70B $4.82B
Capital Expenditure $2.51B $1.59B $1.80B $1.87B $1.38B
Acquisitions $908.20M $123.00M $168.00M $549.00M $19.30B
Investing Cash Flow $-2.94B $410.60M $-1.70B $-2.36B $-20.69B
Stock Issued - - - $2.29B $2.36B
Stock Repurchased - - - $18.80M -
Dividends Paid - $3.03B $2.95B $2.63B $2.27B
Financing Cash Flow $-6.27B $-5.45B $-3.10B $-1.42B $16.42B
Net Change in Cash $51.00M $14.80M $-47.30M $-202.60M $481.90M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $2.72B $2.52B $7.91B $7.58B
Operating Expenses $1.48B $1.38B $4.22B $4.14B
Selling General & Admin $233.00M $227.70M $704.20M $690.30M
Operating Income $1.23B $1.14B $3.69B $3.44B
Interest Expense $347.10M $356.80M $1.11B $1.22B
Other Income/Expense $27.70M $-269.60M $-684.40M $-137.10M
Income Before Tax $950.00M $550.50M $2.08B $2.32B
Income Tax Expense $37.40M $122.40M $287.60M $291.10M
Net Income $912.60M $-780.40M $1.79B $1.05B
Basic EPS 1.82 -1.70 3.65 2.20
Diluted EPS 1.82 -1.69 3.64 2.19
Basic Shares Outstanding $468.29M $467.20M $468.04M $466.92M
Diluted Shares Outstanding $469.04M $468.26M $468.86M $468.00M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $1.95B $2.00B
Accounts Receivable $737.00M $540.00M
Other Current Assets $697.60M $530.60M
Total Current Assets $3.54B $3.18B
Goodwill $12.26B $11.77B
Intangible Assets $14.74B $14.47B
Other Non-current Assets $821.40M $676.90M
Total Assets $63.89B $61.08B
Accounts Payable $239.00M $240.80M
Accrued Liabilities $1.23B $1.08B
Deferred Revenue $437.60M $329.20M
Total Current Liabilities $5.99B $7.08B
Long-term Debt $34.85B $32.81B
Deferred Tax Liabilities $1.51B $1.26B
Other Non-current Liabilities $1.07B $1.01B
Total Liabilities $53.12B $51.43B
Common Stock $4.80M $4.80M
Retained Earnings $-5.11B $-4.42B
Total Stockholders Equity $3.95B $3.38B
Total Liabilities & Equity $63.89B $61.08B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $912.60M $-780.40M $1.79B $1.05B
Stock-based Compensation - - $142.60M $161.70M
Operating Cash Flow - - $4.04B $4.09B
Capital Expenditure - - $1.10B $1.15B
Acquisitions - - $420.20M $114.90M
Investing Cash Flow - - $-1.39B $771.30M
Financing Cash Flow - - $-2.76B $-4.54B
Net Change in Cash - - $-7.40M $188.80M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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