Print Page   Close Window

SEC Filings

424B2
 filed this Form 424B2 on 12/06/2017
Entire Document
 << Previous Page | Next Page >>


Table of Contents
     Year Ended December 31,

    Nine Months Ended
September 30,


 
     2012

    2013

    2014

    2015

    2016

    2016

    2017

 
     (In thousands, except site data)     (unaudited)  

Statements of Operations Data:

                                                        

Revenues:

                                                        

Property

   $ 2,803,490     $ 3,287,090     $ 4,006,854     $ 4,680,388     $ 5,713,126     $ 4,191,779     $ 4,887,588  

Services

     72,470       74,317       93,194       91,128       72,542       54,340       71,850  
    


 


 


 


 


 


 


Total operating revenues

     2,875,960       3,361,407       4,100,048       4,771,516       5,785,668       4,246,119       4,959,438  

Operating expenses:

                                                        

Cost of operations (exclusive of items shown separately below)

                                                        

Property (1)

     686,681       828,742       1,056,177       1,275,436       1,762,694       1,280,386       1,504,552  

Services (2)

     35,798       31,131       38,088       33,432       27,695       22,007       25,098  

Depreciation, amortization and accretion

     644,276       800,145       1,003,802       1,285,328       1,525,635       1,137,398       1,249,849  

Selling, general, administrative and development expense (3)

     327,301       415,545       446,542       497,835       543,395       405,086       465,905  

Other operating expenses

     62,185       71,539       68,517       66,696       73,220       37,509       44,595  
    


 


 


 


 


 


 


Total operating expenses

     1,756,241       2,147,102       2,613,126       3,158,727       3,932,639       2,882,386       3,289,999  
    


 


 


 


 


 


 


Operating income

     1,119,719       1,214,305       1,486,922       1,612,789       1,853,029       1,363,733       1,669,439  

Interest income, TV Azteca, net

     14,258       22,235       10,547       11,209       10,960       8,206       8,183  

Interest income

     7,680       9,706       14,002       16,479       25,618       16,378       26,551  

Interest expense

     (401,665     (458,296     (580,234     (595,949     (717,125     (531,076     (559,507

(Loss) gain on retirement of long-term obligations

     (398     (38,701     (3,473     (79,606     1,168       830       (69,897

Other (expense) income (4)

     (38,300     (207,500     (62,060     (134,960     (47,790     (25,894     39,970  
    


 


 


 


 


 


 


Income from continuing operations before income taxes and income on equity method investments

     701,294       541,749       865,704       829,962       1,125,860       832,177       1,114,739  

Income tax provision

     (107,304     (59,541     (62,505     (157,955     (155,501     (94,671     (84,155

Income on equity method investments

     35       —         —         —         —         —         —    
    


 


 


 


 


 


 


Net income

     594,025       482,208       803,199       672,007       970,359       737,506       1,030,584  

Net loss (income) attributable to noncontrolling interest

     43,258       69,125       21,711       13,067       (13,934     (10,288     (30,185
    


 


 


 


 


 


 


Net income attributable to American Tower Corporation stockholders

     637,283       551,333       824,910       685,074       956,425       727,218       1,000,399  

Dividends on preferred stock

     —         —         (23,888     (90,163     (107,125     (80,344     (68,531
    


 


 


 


 


 


 


Net income attributable to American Tower Corporation common stockholders

   $ 637,283     $ 551,333     $ 801,022     $ 594,911     $ 849,300     $ 646,874     $ 931,868  
    


 


 


 


 


 


 


Other Data:

                                                        

Capital expenditures

   $ 568,048     $ 724,532     $ 974,404     $ 728,753     $ 701,387     $ 488,962     $ 577,972  

Cash provided by operating activities

     1,414,391       1,599,047       2,134,589       2,183,052       2,703,604       1,978,431       2,131,752  

Cash used for investing activities

     (2,558,385     (5,173,337     (1,949,548     (7,741,735     (2,107,446     (1,786,202     (1,510,496

Cash provided by (used for) financing activities

     1,170,366       3,525,565       (134,591     5,589,101       (99,294     26,727       (613,926

Sites owned and operated at end of period

     54,604       67,418       75,594       100,615       144,884       146,639       148,755  

 

 

S-6

 << Previous Page | Next Page >>