American tower corporation (AMT)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

1,927

1,916

1,639

1,511

1,392

1,264

1,166

1,124

1,198

1,225

1,263

1,192

996

970

959

793

757

672

632

740

805

803

695

652

514

482

526

595

544

594

672

420

500

381

269

382

369

373

354

328

284

247

0

0

0

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

1,813

1,778

2,094

2,100

2,101

2,110

1,811

1,794

1,741

1,715

1,638

1,603

1,605

1,525

1,489

1,432

1,363

1,285

1,196

1,104

1,021

1,003

985

920

860

800

733

692

680

644

609

607

573

555

536

509

481

460

443

433

425

414

0

0

0

Amortization of operating leases

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

116

111

114

134

137

137

133

114

115

108

106

101

98

89

88

86

88

90

90

90

85

80

76

73

71

68

65

63

59

51

50

49

48

47

48

49

51

52

50

50

49

60

0

0

0

Loss on early retirement of long-term obligations

-56

-22

-25

-25

-3

-3

-0

-14

-14

-70

-69

-55

-54

1

-0

-0

-76

-79

-83

-80

-6

-3

1

-1

-0

-35

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items reflected in statements of operations

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

(Increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9

-

-3

-34

-44

-7

-33

24

83

52

88

58

-9

26

-11

-15

-5

-11

2

-2

9

4

-0

-1

-14

-7

0

0

0

Changes in assets and liabilities, net of acquisitions:
Other Noncash Income (Expense)

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Increase in net deferred rent balances

234

183

163

87

89

87

112

133

163

194

185

168

150

131

137

143

146

155

125

122

125

122

127

138

140

145

155

157

162

164

-121

-129

-137

-143

-84

-79

-76

-105

21

-11

-40

-36

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reduction in operating lease liability

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

60

60

16

5

0

0

0

Increase in assets

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Increase (decrease) in liabilities

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Cash provided by operating activities

3,767

3,752

4,022

3,838

3,741

3,748

3,274

3,184

3,039

2,925

2,859

2,863

2,816

2,701

2,601

2,441

2,220

2,166

2,108

2,098

2,167

2,134

2,024

1,886

1,681

1,599

1,442

1,436

1,406

1,414

1,432

1,369

1,284

1,165

1,096

1,063

1,051

1,020

967

949

890

842

0

0

0

Payments for purchase of property and equipment and construction activities

984

991

1,027

952

935

913

859

857

834

803

762

734

696

682

685

737

723

728

769

819

919

974

999

910

814

724

639

622

570

568

502

512

546

523

515

450

389

346

296

268

255

250

0

0

0

Payments for acquisitions, net of cash acquired

2,917

2,959

1,131

679

1,299

1,881

2,487

2,486

1,902

2,007

1,058

1,052

2,188

1,411

1,654

2,507

1,941

1,961

2,301

1,365

968

1,010

4,421

4,466

4,279

4,461

1,540

1,776

2,083

1,997

1,922

1,960

1,862

2,320

1,535

1,659

1,428

899

718

334

382

295

0

0

0

Payment for Verizon transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

4

5

3

6

5,059

5,058

5,060

5,058

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

134

383

533

726

1,423

1,252

1,101

902

94

14

18

17

15

13

34

253

960

1,032

1,983

1,877

1,369

1,434

847

732

552

421

43

209

380

374

363

202

21

69

77

76

66

21

53

51

50

47

0

0

0

Payments for short-term investments

94

355

438

557

937

1,154

1,072

952

478

0

0

0

0

-

-

-

-

1,022

1,945

1,878

1,326

1,395

837

723

563

427

72

191

356

352

352

226

40

42

36

45

52

52

0

0

0

-

-

-

-

Deposits and other

54

64

32

34

43

52

28

35

41

5

23

3

-32

16

0

4

27

1

-41

-38

19

19

-77

41

-17

-18

134

13

13

14

-9

2

-20

-25

-8

-8

21

24

13

-1

-1

-1

0

0

0

Cash used for investing activities

-3,917

-3,987

-2,095

-1,497

-1,792

-2,749

-3,345

-3,429

-3,161

-2,800

-1,826

-1,773

-2,837

-2,102

-2,323

-3,205

-2,677

-7,741

-8,050

-7,192

-6,907

-1,949

-5,318

-5,408

-5,087

-5,173

-2,342

-2,393

-2,643

-2,558

-2,405

-2,500

-2,407

-2,790

-2,001

-2,071

-1,824

-1,300

-1,057

-618

-645

-543

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

6

0

9

0

0

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under credit facilities

6,692

5,750

3,680

3,220

3,215

3,263

4,605

5,514

5,110

5,359

4,513

3,557

4,412

2,446

1,999

2,783

3,008

6,126

7,129

6,567

5,337

2,187

785

3,618

3,258

3,507

4,764

1,506

1,506

2,582

2,050

2,230

2,330

1,005

323

525

425

500

0

0

0

-

-

-

-

Proceeds from issuance of senior notes, net

5,131

4,876

3,529

3,529

1,826

584

0

0

0

-

-

-

-

3,236

3,236

2,237

2,739

1,492

1,492

2,138

646

1,415

1,415

2,008

2,008

2,221

2,221

983

983

698

1,197

1,197

1,197

499

0

0

0

-

-

-

-

-

-

-

-

Proceeds from term loan

750

1,300

1,300

1,300

1,300

1,500

1,500

1,500

1,500

0

0

0

0

-

-

-

-

500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

231

260

229

212

0

0

0

-

-

-

-

-

-

-

-

Proceeds from other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

377

389

405

402

185

176

160

177

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of securities in securitization transaction

-

-

-

-

-

500

500

500

500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

1,778

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

9,550

9,225

8,228

8,040

6,325

4,884

6,517

7,615

7,435

6,484

5,272

5,361

5,338

5,093

4,417

3,320

5,291

6,393

7,067

7,995

5,477

3,903

4,560

4,237

3,316

5,337

3,708

2,944

3,577

2,658

2,843

2,920

2,287

395

468

972

1,049

983

1,298

812

990

931

0

0

0

Distributions to noncontrolling interest holders, net

12

11

17

14

0

14

0

0

-1

-

503

504

504

238

2

7

7

7

8

9

9

9

5

-0

9

17

21

24

57

52

102

187

137

140

0

0

0

-

-

-

-

-

-

-

-

Purchases of common stock

59

19

0

0

0

-

-

-

-

766

669

641

147

0

0

0

0

-

-

-

-

-

-

-

-

145

191

126

54

62

63

216

330

437

471

461

499

430

374

348

267

213

0

0

0

Proceeds from stock options

89

105

137

115

106

98

68

77

102

119

121

114

114

92

97

93

60

50

43

48

53

62

60

56

53

45

45

44

45

55

67

76

91

85

77

88

101

138

152

139

104

65

0

0

0

Distributions paid on common stock

1,680

1,603

1,530

1,463

1,396

1,323

1,258

1,193

1,126

1,073

1,023

974

926

886

846

807

768

710

658

607

556

404

486

458

435

434

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid on preferred stock

-

-

-

-

-

18

37

56

83

91

99

107

107

107

107

107

103

84

65

47

23

16

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,440

2,440

2,440

2,440

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of preferred stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,337

1,337

1,337

1,921

583

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for early retirement of long-term obligations

54

21

0

0

0

-

-

-

-

75

75

61

61

0

0

0

0

-

-

-

-

-

-

-

-

29

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs and other financing activities

-147

-135

-123

-106

-90

-56

-59

-67

-60

-40

-25

-31

-22

-26

-24

-14

-28

-25

-32

-46

-35

-34

-32

-18

-20

-9

7

2

-14

-13

-37

-74

-23

-15

-13

18

-12

-12

-11

-6

-15

-15

0

0

0

Payments for Repurchase of Redeemable Noncontrolling Interest

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of noncontrolling interest

-

-

-

-

-

20

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash used for financing activities

566

521

-1,748

-2,043

-2,075

-607

466

366

546

-113

-739

-720

424

-99

-12

933

466

5,593

5,959

5,104

4,778

-134

-431

3,371

3,338

3,525

4,553

905

1,177

1,170

1,193

1,313

1,251

1,086

714

1,027

770

910

223

-352

-195

-194

0

0

0

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

-115

-13

-23

18

-53

-41

-56

-64

-3

6

-11

-9

-24

-26

-40

-51

-14

-29

-26

-19

-48

-30

-19

-15

-40

-26

5

18

30

12

-16

-33

-19

-14

-3

9

13

6

9

1

0

0

0

0

0

NET DECREASE IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH

300

273

155

315

-179

350

338

56

420

18

282

360

379

473

224

117

-4

-10

-8

-8

-10

19

-3,744

-165

-108

-75

3,658

-33

-29

38

204

149

108

-553

-194

29

9

636

142

-20

49

104

0

0

0

CASH PAID FOR INCOME TAXES (NET OF REFUNDS OF $0.1 AND $0.3, RESPECTIVELY)

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

CASH PAID FOR INTEREST

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Purchases of property and equipment under finance leases and perpetual easements

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Decrease in accounts payable and accrued expenses for purchases of property and equipment and construction activities

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Settlement of third-party debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-