AMERICAN TOWER CORPORATION AMT Cash Flow

American tower corporation (AMT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
418,600	569,400	505,300	434,300	407,600	292,700	377,300	314,400	280,300	194,800	334,700	388,500	307,400	232,894	263,735	192,464	281,307	221,588	97,740	157,180	195,492	181,597	206,630	221,659	193,313	73,925	163,222	84,113	160,948	118,153	231,825	33,689	210,358	196,434	-19,726	113,171	91,961	83,703	93,601	99,819	96,483	64,302	67,579	56,487	58,759
Adjustments to reconcile net income to cash provided by operating activities
Depreciation, amortization and accretion
472,300	449,800	442,800	448,900	436,900	765,900	448,900	449,700	446,300	466,100	432,300	396,400	421,100	388,202	397,999	397,765	341,634	352,328	341,096	328,356	263,520	263,546	249,066	245,427	245,763	244,811	184,922	184,608	185,804	178,488	144,061	172,072	149,655	143,615	142,113	138,558	131,231	124,105	115,383	110,403	110,835	106,745	105,543	102,463	99,868
Amortization of operating leases
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
47,700	23,500	23,500	21,900	42,500	26,200	43,800	24,800	42,700	22,100	24,400	25,800	36,200	19,688	20,226	21,907	28,079	18,249	18,345	24,045	29,861	18,445	18,269	18,835	24,604	14,983	15,058	17,055	21,042	12,329	13,058	13,551	13,045	11,252	12,140	11,687	12,358	12,409	13,354	13,227	13,565	10,546	12,950	12,836	24,338
Loss on early retirement of long-term obligations
-34,600	0	0	-22,100	-100	-3,300	0	0	0	-300	-14,200	-300	-55,400	370	0	830	0	-1,007	0	-75,068	-3,725	-4,826	2,716	-1,031	-238	0	0	0	-35,288	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items reflected in statements of operations
-	-	-	-	-	-	11,500	-109,200	-96,800	-	-43,600	4,900	45,300	-	-66,706	-41,013	-12,451	-	-67,881	-9,222	-66,309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,666	10,796	23,093	-	80,850	-54,920	23,367
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,044	-9,165	-3,005	-	6,833	1,376	-28,180	16,038	-23,754	-8,153	8,347	-9,986	34,742	50,544	-22,583	25,807	4,776	-17,573	13,490	-12,692	1,097	-7,716	7,444	1,947	-4,661	4,746	2,909	-3,376	-6,065	-7,780	9,609
Changes in assets and liabilities, net of acquisitions:
Other Noncash Income (Expense)
-81,600	-	-	-	-28,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,189	-43,576	-5,060	-	-36,460	-135,442	7,496	-	33,005	-84,318	-28,342	-	185,503	48,448	53,335	-	69,831	40,218	34,625	-	58,062	50,559	38,525
Increase in net deferred rent balances
56,200	83,900	88,600	5,700	5,300	63,700	13,200	6,800	3,900	88,400	34,500	36,400	35,100	79,938	16,831	18,760	16,171	85,981	22,366	21,579	25,074	56,770	19,167	24,900	21,393	61,995	30,677	26,211	26,806	71,923	32,706	30,801	28,789	-213,868	24,817	22,353	22,704	-154,630	30,128	25,706	-6,430	-27,977	-2,995	-2,617	-2,717
Right-of-use asset and Operating lease liability, net
-1,000	-	-	-	-20,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction in operating lease liability
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-68,691	14,187	27,468	30,573	-12,186	14,254	-16,201	19,941
Increase in assets
210,800	-	32,100	19,400	33,000	-	74,700	-26,500	95,400	-	163,600	61,700	40,300	-	-24,121	2,449	30,535	-	7,356	96,400	2,779	-	14,458	-14,976	43,449	-	49,038	2,855	7,374	-	69,615	21,648	-55,126	-	31,978	13,427	13,486	-	-	-	-	-	-	-	-
Increase (decrease) in liabilities
11,200	-	-2,700	57,600	-112,800	-	-17,300	22,200	25,000	-	12,700	86,600	-21,200	-	-80,797	107,529	-56,258	-	18,648	52,014	-49,304	-	10,657	67,043	80,793	-	74,717	48,877	10,047	-	104,830	35,420	44,454	-	28,522	-8,278	38,565	-	-	-	-	-	-	-	-
Cash provided by operating activities
800,000	993,700	937,200	1,036,600	785,100	1,263,200	753,300	940,000	791,800	789,000	663,800	794,600	678,200	723,269	667,115	747,804	563,512	623,285	507,155	526,530	509,930	564,983	497,224	595,800	476,582	454,604	359,922	390,485	394,036	297,844	353,672	360,858	402,017	315,944	290,660	275,522	283,816	246,358	258,223	262,747	253,649	192,727	240,053	203,608	205,738
Payments for purchase of property and equipment and construction activities
214,400	266,700	260,300	243,500	220,800	302,800	185,500	226,400	198,500	248,600	183,500	203,400	168,100	207,326	155,747	165,205	154,222	210,782	206,896	151,938	159,184	251,051	257,106	252,356	213,891	276,283	167,644	156,700	123,905	191,022	150,624	105,370	121,032	125,927	160,508	138,679	97,901	118,184	95,970	77,453	55,057	67,835	68,573	64,227	49,627
Payments for acquisitions, net of cash acquired
49,300	2,272,000	553,100	43,400	91,100	443,600	101,300	663,100	673,400	1,050,100	99,700	79,400	777,800	101,385	93,448	1,215,594	873	344,895	945,959	649,300	20,946	685,701	9,409	252,766	62,761	4,096,106	54,488	66,076	245,094	1,175,241	289,854	373,457	159,403	1,100,101	328,018	275,206	617,348	315,336	451,798	43,985	88,487	134,428	67,909	92,121	1,145
Payment for Verizon transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-48	0	93	4,655	605	-1,521	2,397	5,058,019	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of short-term investments and other non-current assets
5,800	5,100	9,700	113,800	254,900	155,200	202,500	810,500	84,000	4,600	2,900	3,400	3,800	8,641	1,858	1,417	1,184	30,086	220,745	708,785	72,684	981,435	114,609	200,559	138,228	393,825	-89	20,828	7,150	15,975	165,730	191,882	1,095	4,748	4,341	11,693	49,189	12,382	3,052	2,362	3,926	43,874	1,155	1,251	1,144
Payments for short-term investments
0	0	0	94,400	261,500	82,100	119,400	474,700	478,100	0	0	0	0	-	-	-	-	11,480	195,282	733,481	82,557	934,630	128,002	181,421	151,263	377,043	13,343	22,231	14,650	21,965	132,167	188,089	10,085	22,178	6,254	2,121	12,037	15,772	15,482	8,942	12,001	-	-	-	-
Deposits and other
-4,500	53,100	6,400	-100	4,800	21,100	8,400	8,700	14,600	-3,700	15,700	14,800	-21,800	15,276	-4,536	-21,590	26,950	-253	-1,034	1,690	1,397	-43,809	2,161	59,765	1,369	-140,908	121,300	967	129	11,866	442	579	1,871	-12,277	11,905	-21,556	-3,567	4,832	12,052	8,212	-939	-5,669	-2,727	8,176	-1,120
Cash used for investing activities
-253,400	-2,586,700	-810,100	-267,400	-323,300	-694,400	-212,100	-562,400	-1,280,600	-1,290,400	-296,000	-294,200	-920,300	-316,098	-242,801	-1,357,885	-185,516	-537,423	-1,124,837	-830,021	-5,249,419	-846,138	-266,605	-545,749	-291,056	-4,214,699	-356,864	-225,146	-376,628	-1,384,119	-407,357	-475,613	-291,296	-1,231,181	-502,344	-382,757	-674,530	-441,742	-572,250	-136,230	-150,680	-198,685	-132,600	-163,273	-48,508
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,494	5,793	-8,636	718	8,282	0	0	-	-	-	-172	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under credit facilities
2,642,300	2,420,000	710,000	920,000	1,700,000	350,000	250,000	915,000	1,748,300	1,692,400	1,158,400	511,600	1,997,000	846,517	202,611	1,366,168	31,504	398,769	987,523	1,590,308	3,150,000	1,402,000	425,000	360,000	0	0	3,258,000	0	249,000	1,257,000	0	0	1,325,000	725,000	180,014	100,000	0	43,409	382,153	0	75,000	-	-	-	-
Proceeds from issuance of senior notes, net
1,496,000	1,347,000	0	2,288,100	1,241,600	0	0	584,900	0	-	-	-	-	17	998,880	990,040	1,247,463	2	0	1,492,298	0	0	646,204	0	769,640	0	1,238,438	0	983,354	0	0	0	698,670	499,290	0	0	0	-	-	-	-	-	-	-	-
Proceeds from term loan
750,000	0	0	0	1,300,000	0	0	0	1,500,000	0	0	0	0	-	-	-	-	0	0	0	500,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	21,433	61,023	16,676	131,969	50,573	30,241	0	-	-	-	-	-	-	-	-
Proceeds from other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,037	0	0	3,033	374,717	11,971	16,000	0	157,200	2,972	0	17,127	-	-1	0	101,129	-	-	-	-	-	-	-	-
Proceeds from issuance of securities in securitization transaction
-	-	-	-	-	0	0	0	500,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,778,496	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of notes payable, credit facilities, senior notes, secured debt, term loan and finance leases
4,351,200	1,552,900	259,200	3,387,300	4,025,900	555,600	71,800	1,672,500	2,584,900	2,188,700	1,169,000	1,493,300	1,633,400	977,055	1,258,230	1,469,802	1,388,613	300,690	161,309	3,440,630	2,490,771	974,710	1,089,706	922,096	916,632	1,631,885	766,755	955	2,937,744	3,199	2,909	633,611	2,018,847	188,264	79,561	890	126,669	261,706	582,971	78,351	60,709	576,555	97,160	256,329	1,155
Distributions to noncontrolling interest holders, net
-13,500	23,400	2,400	-200	-13,800	28,700	-400	-13,600	-300	-	-600	-100	265,400	239,200	-197	-229	-274	2,751	4,832	-246	-137	3,652	5,737	-137	-154	-137	-137	10,063	7,658	4,261	2,024	43,149	3,327	53,697	87,183	-6,589	6,589	-	-	-	-	-	-	-	-
Purchases of common stock
39,700	19,600	0	0	0	-	-	-	-	96,600	28,300	494,200	147,200	0	0	0	0	-	-	-	-	-	-	-	-	0	70,387	62,145	12,480	45,995	5,895	-9,827	20,665	46,304	159,515	103,860	127,723	80,166	149,921	141,695	58,836	23,618	123,925	61,084	4,661
Proceeds from stock options
11,100	12,800	36,100	29,400	27,200	44,800	13,900	20,200	20,000	14,000	23,100	45,700	36,900	15,899	16,240	45,779	14,582	21,376	11,960	12,258	5,106	14,338	17,200	16,943	13,795	12,523	13,221	13,612	6,140	12,616	11,691	15,519	15,615	24,716	20,698	30,055	10,173	16,166	32,263	42,610	47,469	29,986	19,886	7,203	8,898
Distributions paid on common stock
454,900	420,800	407,100	398,000	377,100	348,400	339,500	331,300	304,300	283,500	274,600	264,500	250,400	234,134	225,402	216,580	209,984	194,888	186,246	177,729	152,037	142,718	134,644	126,715	554	224,976	106,727	102,984	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid on preferred stock
-	-	-	-	-	0	0	0	18,900	18,900	18,900	26,800	26,800	26,756	26,781	26,782	26,781	26,734	26,781	23,210	7,875	7,875	8,138	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27	0	-63	2,440,390	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of preferred stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46	0	-63	1,338,009	0	-221	583,326	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for early retirement of long-term obligations
33,500	0	0	21,000	0	-	-	-	-	0	13,500	0	61,800	-25	0	125	0	-	-	-	-	-	-	-	-	0	0	0	29,234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs and other financing activities
-88,200	-21,500	-9,400	-28,000	-76,700	-9,200	7,700	-12,500	-42,600	-12,000	100	-6,300	-21,800	2,923	-6,159	2,061	-25,325	4,514	3,970	-11,726	-22,558	-2,541	-9,215	-1,057	-21,857	-83	4,451	-3,080	-10,561	16,542	-576	-20,176	-9,463	-7,502	-37,746	31,189	-1,025	-5,942	-5,863	-77	-274	-5,654	-409	-9,620	-99
Payments for Repurchase of Redeemable Noncontrolling Interest
524,400	-	-	-	425,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of noncontrolling interest
-	-	-	-	-	20,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash used for financing activities
-606,000	1,696,300	72,800	-597,000	-650,400	-573,400	-222,700	-628,900	817,300	500,900	-323,300	-448,500	157,900	-126,027	-303,532	696,323	-366,064	-39,348	642,231	230,090	4,760,127	327,246	-212,605	-96,331	-152,901	30,806	3,589,619	-129,489	34,629	1,058,271	-58,195	142,850	27,440	1,081,830	61,645	80,146	-137,526	710,372	374,821	-177,513	2,650	23,513	-201,608	-19,830	2,983
Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash
-118,300	26,400	-37,600	14,100	-16,600	16,200	4,700	-57,500	-4,500	700	-3,100	3,100	6,000	-17,216	-962	-12,107	3,785	-31,226	-11,847	24,703	-10,730	-28,212	-5,360	-4,200	7,238	-17,488	-771	-29,109	21,051	14,310	12,255	-17,416	2,906	-13,908	-4,997	-3,192	7,100	-2,903	8,191	1,002	-25	64	192	94	-252
NET DECREASE IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH
-177,700	129,700	162,300	186,300	-205,200	11,600	323,200	-308,800	324,000	200	41,400	55,000	-78,200	263,928	119,820	74,135	15,717	15,288	12,702	-48,698	9,908	17,879	12,654	-50,480	39,863	-3,746,777	3,591,906	6,741	73,088	-13,694	-99,625	10,679	141,067	152,685	-155,036	-30,281	-521,140	512,085	68,985	-49,994	105,594	17,619	-93,963	20,599	159,961
CASH PAID FOR INCOME TAXES (NET OF REFUNDS OF $0.1 AND $0.3, RESPECTIVELY)
35,100	-	33,100	41,000	36,900	-	30,700	19,900	24,700	-	27,300	37,300	23,100	-	21,455	31,045	19,368	-	100,320	15,197	14,714	-	16,603	16,682	19,094	-	6,019	3,610	13,543	-	15,689	13,673	-897	-	20,513	14,818	13,477	-	11,664	3,358	7,899	-	13,764	11,502	7,494
CASH PAID FOR INTEREST
262,000	-	202,200	170,300	249,000	-	258,300	153,900	228,600	-	232,300	121,000	231,000	-	227,502	111,306	177,574	-	180,976	92,081	199,022	-	168,147	115,760	154,497	-	101,830	86,064	95,251	-	93,782	93,725	77,936	-	74,457	70,614	50,806	-	34,314	74,083	35,842	-	40,686	80,770	39,111
Purchases of property and equipment under finance leases and perpetual easements
13,100	-	18,800	18,000	16,000	-	12,900	16,800	9,700	-	11,700	10,100	11,900	-	15,398	11,693	9,958	-	9,360	6,116	4,394	-	9,417	8,284	6,301	-	6,777	4,927	4,495	-	6,198	4,955	1,066	-	2,135	2,370	555	-	-	-	-	-	-	-	-
Decrease in accounts payable and accrued expenses for purchases of property and equipment and construction activities
15,000	-	-43,300	56,100	17,700	-	-21,300	14,900	29,300	-	12,300	-1,400	10,100	-	-526	-13,497	-22,586	-	13,929	-47,131	26,499	-	1,111	7,150	7,809	-	66	15,451	1,691	-	5,750	-14,791	7,813	-	12,983	-17,403	8,915	-	-	-	-	-	-	-	-
Settlement of third-party debt
5,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-