AMERICAN TOWER CORP MA
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 29, 2024
AMT$188.79-2.7%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
CONSOLIDATED BALANCE SHEETS
(in millions, except share count and per share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $2,150.3 | $1,753.7 |
| Restricted cash | 131.9 | 119.7 |
| Accounts receivable, net | 537.8 | 547.5 |
| Prepaid and other current assets | 579.6 | 559.5 |
| Current assets of discontinued operations | — | 729.6 |
| Total current assets | 3,399.6 | 3,710.0 |
| PROPERTY AND EQUIPMENT, net | 19,277.5 | 18,863.2 |
| GOODWILL | 12,045.7 | 12,083.5 |
| OTHER INTANGIBLE ASSETS, net | 15,195.1 | 15,932.3 |
| DEFERRED TAX ASSET | 143.3 | 179.1 |
| DEFERRED RENT ASSET | 3,662.4 | 3,478.2 |
| RIGHT-OF-USE ASSET | 8,328.9 | 8,205.1 |
| NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS | 764.3 | 755.3 |
| NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS | — | 2,820.9 |
| TOTAL | $62,816.8 | $66,027.6 |
| LIABILITIES | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $221.3 | $251.3 |
| Accrued expenses | 982.3 | 1,052.8 |
| Distributions payable | 779.3 | 906.2 |
| Accrued interest | 260.1 | 384.2 |
| Current portion of operating lease liability | 599.8 | 690.4 |
| Current portion of long-term obligations | 3,730.5 | 3,067.3 |
| Unearned revenue | 496.2 | 433.8 |
| Current liabilities of discontinued operations | — | 463.3 |
| Total current liabilities | 7,069.5 | 7,249.3 |
| LONG-TERM OBLIGATIONS | 33,367.8 | 35,734.0 |
| OPERATING LEASE LIABILITY | 7,083.2 | 6,815.3 |
| ASSET RETIREMENT OBLIGATIONS | 2,503.1 | 2,080.0 |
| DEFERRED TAX LIABILITY | 1,401.4 | 1,310.6 |
| OTHER NON-CURRENT LIABILITIES | 1,198.9 | 1,149.8 |
| NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS | — | 823.2 |
| Total liabilities | 52,623.9 | 55,162.2 |
| COMMITMENTS AND CONTINGENCIES | ||
| EQUITY (shares in thousands): | ||
| Common stock: $0.01 par value; 1,000,000 shares authorized; 478,280 and 477,300 shares issued; and 467,276 and 466,296 shares outstanding, respectively | 4.8 | 4.8 |
| Additional paid-in capital | 15,013.8 | 14,872.9 |
| Distributions in excess of earnings | (4,893.5) | (3,638.8) |
| Accumulated other comprehensive loss | (5,182.2) | (5,739.5) |
| Treasury stock (11,004 shares at cost) | (1,301.2) | (1,301.2) |
| Total American Tower Corporation equity | 3,641.7 | 4,198.2 |
| Noncontrolling interests | 6,551.2 | 6,667.2 |
| Total equity | 10,192.9 | 10,865.4 |
| TOTAL | $62,816.8 | $66,027.6 |
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