10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN TOWER CORP /MA/ | |||
Ticker: AMT Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| REVENUES: | |||
| Rental and management | $ 1,936,373 | 1,668,420 | 1,547,035 |
| Network development services | 48,962 | 55,694 | 46,469 |
| Total operating revenues | 1,985,335 | 1,724,114 | 1,593,504 |
| OPERATING EXPENSES: | |||
| Rental and management | 447,629 | 383,990 | 363,024 |
| Network development services | 26,957 | 32,385 | 26,831 |
| Depreciation, amortization and accretion | 460,726 | 414,619 | 405,332 |
| Selling, general, administrative and development expense (including stock-based compensation expense of $52,555, $60,670, and $54,807, respectively) | 229,769 | 201,694 | 180,374 |
| Other operating expenses | 35,876 | 19,168 | 11,189 |
| Total operating expenses | 1,200,957 | 1,051,856 | 986,750 |
| OPERATING INCOME | 784,378 | 672,258 | 606,754 |
| OTHER INCOME (EXPENSE): | |||
| Interest income, TV Azteca, net of interest expense of $1,487, $1,488, and $1,489, respectively | 14,212 | 14,210 | 14,253 |
| Interest income | 5,024 | 1,722 | 3,413 |
| Interest expense | (246,018) | (249,803) | (253,584) |
| Loss on retirement of long-term obligations | (1,886) | (18,194) | (4,904) |
| Other income | 315 | 1,294 | 5,988 |
| Total other expense | (228,353) | (250,771) | (234,834) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND INCOME ON EQUITY METHOD INVESTMENTS | 556,025 | 421,487 | 371,920 |
| Income tax provision | (182,489) | (182,565) | (135,509) |
| Income on equity method investments | 40 | 26 | 22 |
| INCOME FROM CONTINUING OPERATIONS | 373,576 | 238,948 | 236,433 |
| INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX PROVISION OF $19, $3,140, AND $107,914, RESPECTIVELY | 30 | 8,179 | 110,982 |
| NET INCOME | 373,606 | 247,127 | 347,415 |
| Net income attributable to noncontrolling interest | (670) | (532) | (169) |
| NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION | 372,936 | 246,595 | 347,246 |
| Earnings Per Common Share | |||
| BASIC: | |||
| Income from continuing operations attributable to American Tower Corporation | 0.93 | 0.60 | 0.60 |
| Income from discontinued operations attributable to American Tower Corporation | 0.02 | 0.28 | |
| Net income attributable to American Tower Corporation | 0.93 | 0.62 | 0.88 |
| DILUTED: | |||
| Income from continuing operations attributable to American Tower Corporation | 0.92 | 0.59 | 0.58 |
| Income from discontinued operations attributable to American Tower Corporation | 0.02 | 0.27 | |
| Net income attributable to American Tower Corporation | 0.92 | 0.61 | 0.84 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||
| BASIC | 401,152 | 398,375 | 395,947 |
| DILUTED | 404,072 | 406,948 | 418,357 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN TOWER CORP /MA/ | |||
Ticker: AMT Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: | |||
| Net income | $ 373,606 | 247,127 | 347,415 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 460,726 | 414,619 | 405,332 |
| Stock-based compensation expense | 52,555 | 60,670 | 54,807 |
| Income taxes related to discontinued operations | (19) | (3,140) | (107,914) |
| (Increase) decrease in restricted cash | (4,941) | 7,612 | (2,048) |
| Loss (gain) on investments and other non-cash (income) expense | 5,085 | (5,665) | 314 |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 16,652 | 12,582 | 11,189 |
| Loss on retirement of long-term obligations | 0 | 4,261 | 26 |
| Amortization of deferred financing costs, debt discounts and other non-cash interest | 9,408 | 9,838 | 9,426 |
| Provision for losses on accounts receivable | 4,188 | 8,449 | 2,557 |
| Deferred income taxes | 188,327 | 156,780 | 92,513 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (18,974) | (17,844) | (13,550) |
| Prepaid and other assets | (48,834) | (24,553) | (6,023) |
| Deferred rent asset | (105,226) | (36,306) | (50,369) |
| Accounts payable and accrued expenses | 1,603 | (9,609) | (27,374) |
| Accrued interest | 16,633 | (5,927) | (5,067) |
| Unearned revenue | 44,382 | (9,166) | 23,929 |
| Deferred rent liability | 22,269 | 26,590 | 27,618 |
| Other long-term liabilities | 3,537 | 5,808 | 10,477 |
| Cash provided by operating activities | 1,020,977 | 842,126 | 773,258 |
| CASH FLOWS USED FOR INVESTING ACTIVITIES: | |||
| Payments for purchase of property and equipment and construction activities | (346,664) | (250,262) | (243,484) |
| Payments for acquisitions, net of cash acquired | (899,606) | (295,603) | (42,817) |
| Proceeds from sales of short-term investments, available-for-sale securities and other long-term assets | 21,722 | 47,424 | 46,796 |
| Payments for short-term investments | (52,197) | (45,965) | (37,071) |
| Deposits, restricted cash and other | (24,157) | 1,340 | 1,636 |
| Cash used for investing activities | (1,300,902) | (543,066) | (274,940) |
| CASH FLOWS PROVIDED BY (USED FOR) FINANCING ACTIVITIES: | |||
| Borrowings under credit facilities | 500,562 | 575,000 | |
| Proceeds from issuance of senior notes | 1,698,370 | 900,000 | |
| Repayments of notes payable, credit facilities and capital leases | (983,737) | (931,199) | (327,453) |
| Purchases of Class A common stock | (430,618) | (213,288) | (714,655) |
| Proceeds from stock options, warrants and Stock Purchase Plan | 138,508 | 65,973 | 82,928 |
| Deferred financing costs and other financing activities | (12,755) | (16,428) | (3,992) |
| Cash provided by (used for) financing activities | 910,330 | (194,942) | (388,172) |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents | 6,265 | 98 | (192) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 636,670 | 104,216 | 109,954 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 247,293 | 143,077 | |
| CASH AND CASH EQUIVALENTS, END OF YEAR | 883,963 | 247,293 | 143,077 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN TOWER CORP /MA/ | ||
Ticker: AMT Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 883,963 | 247,293 |
| Restricted cash | 75,972 | 47,836 |
| Short-term investments and available-for-sale securities | 46,428 | 9,776 [1] |
| Accounts receivable, net | 80,961 | 67,949 |
| Prepaid and other current assets | 147,843 | 92,791 |
| Deferred income taxes | 169,007 | 189,451 |
| Total current assets | 1,404,174 | 655,096 |
| PROPERTY AND EQUIPMENT, net | 3,623,835 | 3,169,623 |
| GOODWILL | 2,490,295 | 2,250,538 |
| OTHER INTANGIBLE ASSETS, net | 1,985,352 | 1,594,625 |
| DEFERRED INCOME TAXES | 78,484 | 198,185 |
| NOTES RECEIVABLE AND OTHER LONG-TERM ASSETS | 785,874 | 651,864 |
| TOTAL | 10,368,014 | 8,519,931 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable and accrued expenses | 292,543 | 185,138 |
| Accrued interest | 40,621 | 23,538 |
| Current portion of long-term obligations | 74,896 | 70,521 |
| Unearned revenue | 134,135 | 112,047 |
| Total current liabilities | 542,195 | 391,244 |
| LONG-TERM OBLIGATIONS | 5,512,492 | 4,141,060 |
| OTHER LONG-TERM LIABILITIES | 808,769 | 669,502 |
| Total liabilities | 6,863,456 | 5,201,806 |
| COMMITMENTS AND CONTINGENCIES | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock: $.01 par value; 20,000,000 shares authorized; no shares issued or outstanding | ||
| Class A Common Stock: $.01 par value, 1,000,000,000 shares authorized, 486,056,952 and 479,703,633 shares issued, and 398,677,234 and 401,596,984 shares outstanding, respectively | 4,860 | 4,797 |
| Additional paid-in capital | 8,577,093 | 8,393,643 |
| Accumulated deficit | (1,736,596) | (2,109,532) |
| Accumulated other comprehensive income (loss) | 38,053 | (12,649) |
| Treasury stock (87,379,718 and 78,106,649 shares at cost, respectively) | (3,381,966) | (2,961,177) |
| Total American Tower Corporation stockholders' equity | 3,501,444 | 3,315,082 |
| Noncontrolling interest | 3,114 | 3,043 |
| Total stockholders' equity | 3,504,558 | 3,318,125 |
| TOTAL | 10,368,014 | 8,519,931 |
| [1] Consists of available-for-sale securities traded on active markets as well as certain Brazilian Treasury securities that are highly liquid and actively traded in over-the-counter markets. | ||
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |