American tower corporation (AMT)
Income statement / Quarterly
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'09Sep'08Jun'08
REVENUES:
Revenue from contracts with customers

-

-

137,300

-

-

-

121,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating revenues

1,993,100

1,923,700

1,953,600

1,889,600

1,813,400

2,131,900

1,785,500

1,780,900

1,741,800

1,704,500

1,680,700

1,662,500

1,616,200

1,539,581

1,514,845

1,442,227

1,289,047

1,280,025

1,237,910

1,174,375

1,079,190

1,046,314

1,038,188

1,031,457

984,089

941,969

807,880

808,830

802,728

768,374

713,335

697,734

696,517

653,199

630,403

597,235

562,695

547,642

513,322

469,937

454,434

447,973

444,105

423,358

408,678

409,268

393,728

OPERATING EXPENSES:
Property

544,100

543,300

548,000

549,400

533,000

531,000

543,100

547,200

507,400

517,400

511,200

507,200

486,200

482,314

485,525

452,571

342,290

345,776

356,082

314,285

259,257

269,803

272,355

263,184

250,835

243,277

195,953

198,217

191,295

180,561

177,336

165,060

163,724

157,818

160,265

144,330

127,859

126,042

115,390

105,773

100,424

100,442

101,128

92,330

90,090

93,696

91,952

Services

7,900

6,900

11,900

13,900

10,400

9,900

13,600

13,100

12,500

9,500

8,600

10,000

6,500

5,693

5,712

7,140

9,155

10,537

9,307

8,173

5,383

7,216

11,847

9,091

9,934

8,292

4,876

7,492

10,471

13,645

7,568

7,324

7,261

7,800

8,668

6,747

7,469

6,903

7,583

6,426

6,045

7,061

7,466

10,243

7,615

10,161

4,922

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

104,389

99,697

Selling, general, administrative and development expense

217,800

179,600

187,900

164,800

198,100

192,500

177,900

157,900

204,900

171,100

148,000

153,100

164,800

138,314

131,537

138,234

135,315

143,340

114,832

116,338

123,290

129,105

108,909

98,499

110,029

116,808

97,781

99,803

101,153

89,410

81,459

76,848

79,584

73,895

76,476

72,321

66,132

65,365

57,295

53,582

53,527

46,337

47,865

49,861

57,631

44,719

41,784

Other operating expenses

14,200

82,800

34,700

28,700

20,100

243,700

34,800

67,000

167,800

211,400

19,500

18,900

6,200

35,791

14,998

13,711

8,800

25,909

15,668

17,449

7,774

30,665

11,204

12,757

13,891

35,853

15,469

5,898

14,319

27,035

7,359

5,944

21,847

22,333

14,576

9,490

11,704

21,786

4,299

5,037

4,754

10,939

3,026

2,014

3,189

1,936

583

Total operating expenses

1,256,300

1,262,400

1,225,300

1,205,700

1,198,500

1,743,000

1,218,300

1,234,900

1,338,900

1,375,500

1,119,600

1,085,600

1,084,800

1,050,314

1,035,771

1,009,421

837,194

877,890

836,985

784,601

659,224

700,335

653,381

628,958

630,452

649,041

499,001

496,018

503,042

489,139

417,783

427,248

422,071

405,461

402,098

371,446

344,395

344,201

299,950

281,221

275,585

271,524

265,028

256,911

258,393

254,901

238,938

OPERATING INCOME

736,800

661,300

728,300

683,900

614,900

388,900

567,200

546,000

402,900

329,000

561,100

576,900

531,400

489,267

479,074

432,806

451,853

402,135

400,925

389,774

419,966

345,979

384,807

402,499

353,637

292,928

308,879

312,812

299,686

279,235

295,552

270,486

274,446

247,738

228,305

225,789

218,300

203,441

213,372

188,716

178,849

176,449

179,077

166,447

150,285

154,367

154,790

OTHER INCOME (EXPENSE):
Interest income

10,100

10,500

12,200

11,700

12,400

10,800

10,100

18,400

15,400

8,800

8,400

8,300

9,900

9,222

6,376

6,468

3,534

-

-

-

-

-

-

-

-

-

2,342

1,412

1,714

1,427

1,717

2,283

2,253

541

1,822

2,711

2,304

1,874

1,954

694

502

5

736

482

499

1,017

979

Interest (expense) income, TV Azteca

-

-

0

0

-

0

600

-3,400

2,700

5,400

2,700

0

2,700

2,694

2,742

2,748

2,716

-

-

-

-

-

-

-

2,595

-

-

3,586

3,543

-

3,586

3,586

3,543

3,627

3,498

3,590

3,499

3,543

3,585

3,585

3,499

3,541

3,585

3,585

3,499

3,586

3,584

Interest expense

208,800

200,900

201,300

204,500

207,500

208,800

209,200

207,900

199,600

190,100

188,800

187,000

183,700

186,024

190,160

181,036

159,880

-

-

-

-

-

143,212

146,234

143,307

-

106,335

100,815

111,766

104,043

102,272

100,233

95,117

85,119

77,796

74,512

74,427

68,623

62,904

56,074

58,417

61,459

64,122

62,654

61,568

63,546

62,508

Loss on 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

-807

0

-75,068

-3,725

-4,920

2,969

-1,284

-238

-734

0

-2,669

-35,298

0

0

0

-398

0

0

0

0

-

0

-35

-

-

-391

-5,994

-

-959

-211

Other (expense) income (including foreign currency (losses) gains of $(65.5) and $20.1, respectively)

-63,800

-2,000

2,800

-5,100

21,900

9,700

21,100

-34,800

27,800

-8,600

-1,100

11,700

29,300

-21,806

-12,260

-25,842

12,208

-11,709

-66,659

-2,129

-54,503

-7,835

-34,019

-16,463

-3,743

-58,509

-29,622

-141,660

22,291

-18,832

46,294

-118,623

52,861

-7,265

-150,876

21,459

13,707

-1,598

8,236

-6,719

396

198

42

983

71

1,059

-1,326

Total other expense

-297,100

-192,400

-186,300

-220,000

-173,300

-191,600

-177,400

-227,700

-153,700

-187,600

-193,000

-164,500

-197,200

-195,544

-193,302

-196,832

-141,422

-154,610

-208,950

-218,638

-200,602

-151,754

-167,751

-159,038

-142,675

-182,823

-130,071

-240,146

-119,516

-117,905

-50,675

-212,987

-36,858

-88,216

-223,352

-46,752

-54,917

-66,655

-49,129

-58,549

-54,020

-69,524

-60,150

-63,598

-57,499

-58,843

-59,482

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

439,700

468,900

542,000

463,900

441,600

197,300

389,800

318,300

249,200

141,400

368,100

412,400

334,200

293,723

285,772

235,974

310,431

247,525

191,975

171,136

219,364

194,225

217,056

243,461

210,962

110,105

178,808

72,666

180,170

161,330

244,877

57,499

237,588

159,522

4,953

179,037

163,383

136,786

164,243

130,167

124,829

106,925

118,927

102,849

92,786

95,524

95,308

Income tax provision

21,100

-100,500

36,700

29,600

34,000

-95,400

12,500

3,900

-31,100

-53,400

33,400

23,900

26,800

60,829

22,037

43,510

29,124

25,937

94,235

13,956

23,872

12,628

10,426

21,802

17,649

36,180

15,586

-11,447

19,222

43,187

13,054

23,815

27,248

-36,901

24,681

65,877

71,423

53,099

70,649

30,352

28,389

42,682

51,348

51,428

37,107

34,918

44,535

Income on equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

2

5

18

11

2

11

1

16

6

10

8

6

3

7

10

5

8

INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83,703

93,600

99,825

96,448

64,249

67,582

51,428

55,689

60,611

50,781

INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX PROVISION OF $0, $0 and $19, RESPECTIVELY

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

-6

35

53

-4

5,060

3,070

-50

108,103

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

67,578

56,488

58,759

60,561

158,884

Net income attributable to noncontrolling interests

3,600

6,700

6,700

5,200

10,200

15,100

10,400

7,700

-4,900

-43,700

17,400

21,500

-8,700

3,712

-774

4,914

6,148

-11,140

-5,259

1,124

2,175

1,210

-963

-12,772

-9,186

-26,057

-16,901

-15,708

-10,459

-17,526

-264

-14,520

-10,948

-8,676

-4,025

-2,040

119

189

162

154

165

-48

223

199

158

95

98

NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION STOCKHOLDERS

415,000

562,700

498,600

429,100

397,400

277,600

366,900

306,700

285,200

238,500

317,300

367,000

316,100

229,182

264,509

187,550

275,159

232,728

102,999

156,056

193,317

180,387

207,593

234,431

202,499

99,982

180,123

99,821

171,407

135,679

232,089

48,209

221,306

205,110

-15,701

115,211

91,842

83,514

93,439

99,665

96,318

64,350

67,355

56,289

58,601

60,466

158,786

Dividends on preferred stock

-

-

0

0

-

0

0

0

9,400

18,900

18,900

22,800

26,800

26,756

26,781

26,782

26,781

26,818

26,781

26,782

9,819

11,813

7,700

4,375

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS

415,000

562,700

498,600

429,100

397,400

277,600

366,900

306,700

275,800

219,600

298,400

344,200

289,300

202,426

237,728

160,768

248,378

205,910

76,218

129,274

183,498

168,574

199,893

230,056

202,499

-

180,123

99,821

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME PER COMMON SHARE AMOUNTS:
BASIC:
Income from continuing operations attributable to American Tower Corporation (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

0.23

0.25

0.24

0.16

0.17

0.13

0.14

0.15

0.13

Income from discontinued operations attributable to American Tower Corporation (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-

0.00

0.00

0.01

0.01

0.00

0.27

Basic net income attributable to American Tower Corporation common stockholders (in dollars per share)

0.94

1.27

1.13

0.97

0.90

0.64

0.83

0.69

0.63

0.50

0.70

0.81

0.68

0.47

0.56

0.38

0.59

0.48

0.18

0.31

0.45

0.43

0.50

0.58

0.51

0.26

0.46

0.25

0.43

0.34

0.59

0.12

0.56

0.52

-0.04

0.29

0.23

0.21

0.23

0.25

0.24

0.16

0.17

0.14

0.15

0.15

0.40

DILUTED:
Income from continuing operations attributable to American Tower Corporation (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

0.23

0.25

0.24

0.15

0.17

0.13

0.14

0.15

0.12

Income from discontinued operations attributable to American Tower Corporation (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-

0.00

0.00

0.01

0.01

0.00

0.26

Diluted net income attributable to American Tower Corporation common stockholders (in dollars per share)

0.93

1.27

1.12

0.96

0.89

0.62

0.83

0.69

0.63

0.51

0.69

0.80

0.67

0.48

0.55

0.37

0.58

0.48

0.18

0.30

0.45

0.41

0.50

0.58

0.51

0.25

0.45

0.25

0.43

0.34

0.58

0.12

0.56

0.51

-0.04

0.29

0.23

0.20

0.23

0.25

0.24

0.15

0.17

0.14

0.15

0.15

0.38

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands):
BASIC (in shares)

443,055

442,959

442,763

442,203

441,351

440,914

440,889

441,497

435,124

428,866

429,281

427,298

427,279

426,087

425,517

424,909

424,059

423,988

423,375

423,154

405,111

396,571

396,243

395,872

395,146

394,742

394,759

395,420

395,239

395,216

395,244

394,743

393,885

393,294

395,183

396,599

397,768

398,927

400,602

402,733

402,346

401,587

397,315

397,418

397,180

393,567

396,935

DILUTED (in shares)

445,832

446,293

445,829

445,337

444,621

444,837

444,121

444,362

438,520

433,235

432,831

430,487

430,199

430,315

429,925

429,004

427,888

428,501

427,227

426,933

409,399

401,239

400,397

399,588

399,120

399,119

398,348

399,458

399,659

400,397

399,487

398,811

398,453

403,448

395,183

400,250

401,899

401,729

403,455

405,024

406,080

404,982

405,728

408,832

408,250

416,541

421,617

Common Stock, Dividends, Per Share, Declared

-

-

-

-

-

-

-

-

-

-

0.66

0.64

0.62

-

0.55

0.53

0.51

-

0.46

0.44

0.42

-

0.36

0.34

0.32

-

0.28

0.27

0.26

-

0.23

0.22

0.21

-

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

Property
Total operating revenues

1,973,200

1,908,400

1,921,600

1,848,900

1,786,000

2,103,300

1,751,600

1,749,400

1,710,400

1,678,300

1,655,400

1,638,100

1,594,100

1,521,321

1,497,936

1,426,192

1,267,651

1,251,136

1,212,849

1,154,235

1,062,180

1,029,854

1,011,119

1,005,761

960,120

923,883

796,575

789,199

777,433

739,684

697,554

682,262

683,990

640,883

614,808

583,839

546,655

536,253

499,821

456,481

443,818

435,197

430,525

406,751

395,947

394,396

384,343

Services revenue
Total operating revenues

19,900

15,300

32,000

40,700

27,400

28,600

33,900

31,500

31,400

26,200

25,300

24,400

22,100

18,260

16,909

16,035

21,396

28,889

25,061

20,140

17,010

16,460

27,069

25,696

23,969

18,086

11,305

19,631

25,295

28,690

15,781

15,472

12,527

12,316

15,595

13,396

16,040

11,389

13,501

13,456

10,616

12,776

13,580

16,607

12,731

14,872

9,385

TV Azteca
Interest Expense

-

-

-

-

-

-

-

-

300

-

300

300

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-