American tower corporation (AMT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

1,916

1,264

1,225

970

672

803

482

594

381

373

247

347

56

Adjustments to reconcile net income to cash provided by operating activities
Depreciation, amortization and accretion

1,778

2,110

1,715

1,525

1,285

1,003

800

644

555

460

414

405

522

Stock-based compensation expense

111

137

108

89

90

80

68

51

47

52

60

54

54

Loss (gain) on investments, unrealized foreign currency loss and other non-cash expense

46

47

-18

127

146

64

222

60

149

5

-5

0

-

Loss (gain) on investments and other non-cash (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

9

Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses

140

479

242

50

29

26

32

34

17

16

12

11

9

Loss on early retirement of long-term obligations

-22

-3

-70

1

-79

-3

-35

0

0

0

-4

-0

-34

Income taxes related to discontinued operations

-

-

-

-

-

-

-

-

-

0

3

107

6

(Increase) decrease in restricted cash

-

-

-

-

-

-7

52

26

-11

4

-7

2

49

Amortization of deferred financing costs, debt discounts and premiums and other non-cash interest

25

22

20

17

6

-4

7

11

13

9

9

9

7

Provision for losses on (recovery of) accounts receivable

-

-

-

-

-

-

-1

-4

7

4

8

2

2

Deferred income taxes

-55

-303

-86

27

7

1

-29

29

56

188

156

92

21

Changes in assets and liabilities, net of acquisitions:
Accounts receivable

-12

32

191

-11

56

84

19

43

28

18

17

13

13

Prepaid and other assets

67

101

179

80

91

1

96

-84

43

48

24

6

-65

Increase in net deferred rent balances

183

87

194

131

155

122

145

164

-143

-105

-36

-50

-69

Right-of-use asset and Operating lease liability, net

-17

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-46

69

95

-42

95

34

83

21

84

1

-9

-27

-7

Accrued interest

32

8

9

34

-15

45

51

25

23

16

-5

-5

-7

Unearned revenue

2

85

59

16

12

218

108

68

-6

44

-9

23

19

Deferred rent liability

0

-57

-62

-67

-56

-38

-30

-33

-30

-22

-26

-27

26

Other non-current liabilities

0

-14

-13

18

1

20

21

-5

9

3

5

10

22

Cash provided by operating activities

3,752

3,748

2,925

2,701

2,166

2,134

1,599

1,414

1,165

1,020

842

773

692

Payments for purchase of property and equipment and construction activities

991

913

803

682

728

974

724

568

523

346

250

243

154

Payments for acquisitions, net of cash acquired

2,959

1,881

2,007

1,411

1,961

1,010

4,461

1,997

2,320

899

295

42

43

Payment for Verizon transaction

-

-

-

4

5,059

0

0

-

-

-

-

-

-

Proceeds from sale of assets, net of cash

-

-

-

-

-

15

0

0

-

-

-

-

-

Proceeds from sale of short-term investments and other non-current assets

383

1,252

14

13

1,032

1,434

421

374

69

21

47

46

22

Payments for short-term investments

355

1,154

0

0

1,022

1,395

427

352

42

52

45

37

-

Deposits and other

64

52

5

16

1

19

-18

14

-25

24

-1

-1

10

Cash used for investing activities

-3,987

-2,749

-2,800

-2,102

-7,741

-1,949

-5,173

-2,558

-2,790

-1,300

-543

-274

-186

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings, net

-

-

-

-

9

0

8

-55

128

0

-

-

-

Borrowings under credit facilities

5,750

3,263

5,359

2,446

6,126

2,187

3,507

2,582

1,005

500

0

575

2,175

Proceeds from issuance of senior notes, net

4,876

584

2,674

3,236

1,492

1,415

2,221

698

499

1,698

900

-

500

Proceeds from term loan

1,300

1,500

0

0

500

0

1,500

750

0

0

-

-

-

Proceeds from term loan

-

-

-

-

-

-

-

-

212

0

0

-

-

Proceeds from other borrowings

-

-

-

-

54

102

402

177

-

-

0

-

-

Proceeds from issuance of securities in securitization transaction

0

500

0

0

875

0

1,778

0

0

-

-

-

-

Proceeds from other long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

1,750

Repayments of notes payable, credit facilities, senior notes, secured debt, term loan and finance leases

9,225

4,884

6,484

5,093

6,393

3,903

5,337

2,658

395

983

931

327

3,612

Contributions from noncontrolling interest holders

-

-

264

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest holders, net

11

14

-

238

7

9

17

52

140

-0

-0

-

-

Purchases of common stock

19

232

766

0

0

-

145

62

437

430

213

714

1,642

Proceeds from stock options

105

98

119

92

50

62

45

55

85

138

65

82

124

Distributions paid on common stock

1,603

1,323

1,073

886

710

404

434

355

137

0

-

-

-

Distributions paid on preferred stock

0

18

91

107

84

16

0

0

-

-

-

-

-

Proceeds from the issuance of common stock, net

-

-

-

-

2,440

0

0

-

-

-

-

-

-

Proceeds from the issuance of preferred stock, net

-

-

-

-

1,337

583

0

0

-

-

-

-

-

Purchase of preferred stock assumed in acquisition

-

-

-

-

-

59

0

0

-

-

-

-

-

Payment for early retirement of long-term obligations

21

3

75

0

85

11

29

0

0

-

-

-

-

Distributions

-

-

-

-

-

-

-

-

-

-

0

-

-

Deferred financing costs and other financing activities

-135

-56

-40

-26

-25

-34

-9

-13

-15

-12

-15

-3

-48

Payments for Repurchase of Redeemable Noncontrolling Interest

425

0

0

-

-

-

-

-

-

-

-

-

-

Purchase of noncontrolling interest

68

20

0

0

-

64

0

0

-

-

-

-

-

Cash used for financing activities

521

-607

-113

-99

5,593

-134

3,525

1,170

1,086

910

-194

-388

-754

Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash

-13

-41

6

-26

-29

-30

-26

12

-14

6

0

-0

0

NET DECREASE IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH

273

350

18

473

-10

19

-75

38

-553

636

104

109

-248