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10-Q
 filed this Form 10-Q on 10/31/2017
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AMERICAN TOWER CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED AND CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


 
 
Property
 
Total 
Property
 

Services
 
Other
 
Total
Nine Months Ended September 30, 2016
 
U.S.
 
Asia
 
EMEA
 
Latin America
 
 
 
(in thousands)
Segment revenues
 
$
2,518,426

 
$
557,734

 
$
395,066

 
$
720,553

 
$
4,191,779

 
$
54,340

 
 
 
$
4,246,119

Segment operating expenses (1)
 
548,875

 
315,074

 
167,908

 
247,204

 
1,279,061

 
21,429

 
 
 
1,300,490

Interest income, TV Azteca, net
 

 

 

 
8,206

 
8,206

 

 
 
 
8,206

Segment gross margin
 
1,969,551

 
242,660

 
227,158

 
481,555

 
2,920,924

 
32,911

 

 
2,953,835

Segment selling, general, administrative and development expense (1)
 
107,533

 
36,376

 
45,795

 
45,069

 
234,773

 
8,988

 

 
243,761

Segment operating profit
 
$
1,862,018

 
$
206,284

 
$
181,363

 
$
436,486

 
$
2,686,151

 
$
23,923

 
 
 
$
2,710,074

Stock-based compensation expense
 
 
 
 
 
 
 
 
 
 
 
 
 
$
70,212

 
70,212

Other selling, general, administrative and development expense
 
 
 
 
 
 
 
 
 
 
 
 
 
93,016

 
93,016

Depreciation, amortization and accretion
 
 
 
 
 
 
 
 
 
 
 
 
 
1,137,398

 
1,137,398

Other expense (2)
 
 
 
 
 
 
 
 
 
 
 
 
 
577,271

 
577,271

Income from continuing operations before income taxes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
832,177

_______________
(1)
Segment operating expenses and segment selling, general, administrative and development expenses exclude stock-based compensation expense of $1.9 million and $68.3 million, respectively.
(2)
Primarily includes interest expense.

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