10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN TOWER CORP /MA/ | |||
Ticker: AMT Fiscal Year: 2011 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| REVENUES: | |||
| Rental and management | $ 2,386,185 | 1,936,373 | 1,668,420 |
| Network development services | 57,347 | 48,962 | 55,694 |
| Total operating revenues | 2,443,532 | 1,985,335 | 1,724,114 |
| OPERATING EXPENSES: | |||
| Rental and management (including stock-based compensation expense of $1,105, $0, and $0, respectively) | 590,272 | 447,629 | 383,990 |
| Network development services (including stock-based compensation expense of $1,224, $0, and $0, respectively) | 30,684 | 26,957 | 32,385 |
| Depreciation, amortization and accretion | 555,517 | 460,726 | 414,619 |
| Selling, general, administrative and development expense (including stock-based compensation expense of $45,108, $52,555, and $60,670, respectively) | 288,824 | 229,769 | 201,694 |
| Other operating expenses | 58,103 | 35,876 | 19,168 |
| Total operating expenses | 1,523,400 | 1,200,957 | 1,051,856 |
| OPERATING INCOME | 920,132 | 784,378 | 672,258 |
| OTHER INCOME (EXPENSE): | |||
| Interest income, TV Azteca, net of interest expense of $1,474, $1,487, and $1,488, restpectively | 14,214 | 14,212 | 14,210 |
| Interest income | 7,378 | 5,024 | 1,722 |
| Interest expense | 311,854 | 246,018 | 249,803 |
| Loss on retirement of long-term obligations | 0 | (1,886) | (18,194) |
| Other income | (122,975) | 315 | 1,294 |
| Total other expense | (413,237) | (228,353) | (250,771) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND INCOME ON EQUITY METHOD INVESTMENTS | 506,895 | 556,025 | 421,487 |
| Income tax provision | (125,080) | (182,489) | (182,565) |
| Income on equity method investments | 25 | 40 | 26 |
| INCOME FROM CONTINUING OPERATIONS | 381,840 | 373,576 | 238,948 |
| INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX PROVISION OF $0, $19, AND $3,140, RESPECTIVELY | 0 | 30 | 8,179 |
| NET INCOME | 381,840 | 373,606 | 247,127 |
| Net income attributable to noncontrolling interest | 14,622 | (670) | (532) |
| NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION | 396,462 | 372,936 | 246,595 |
| Earnings Per Common Share | |||
| BASIC: | |||
| Income from continuing operations attributable to American Tower Corporation | 1.00 | 0.93 | 0.60 |
| Income from discontinued operations attributable to American Tower Corporation | 0.00 | 0.00 | 0.02 |
| Net income attributable to American Tower Corporation | 1.00 | 0.93 | 0.62 |
| DILUTED: | |||
| Income from continuing operations attributable to American Tower Corporation | 0.99 | 0.92 | 0.59 |
| Income from discontinued operations attributable to American Tower Corporation | 0.00 | 0.00 | 0.02 |
| Net income attributable to American Tower Corporation | 0.99 | 0.92 | 0.61 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||
| BASIC | 395,711 | 401,152 | 398,375 |
| DILUTED | 400,195 | 404,072 | 406,948 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN TOWER CORP /MA/ | |||
Ticker: AMT Fiscal Year: 2011 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net income | $ 381,840 | 373,606 | 247,127 |
| Net change in fair value of cash flow hedges, net of tax | 1,977 | 9,496 | 4,770 |
| Net realized gain on cash flow hedges, net of tax | 225 | 118 | 119 |
| Net unrealized gain (loss) on available-for-sale securities, net of tax | (104) | 7 | 63 |
| Foreign currency translation adjustment | (187,466) | 41,081 | 2,430 |
| Reclassifications due to REIT Conversion | (1,752) | 0 | 0 |
| Other comprehensive (loss) income | (187,120) | 50,702 | 7,382 |
| Comprehensive income | 194,720 | 424,308 | 254,509 |
| Comprehensive loss (income) attributable to non-controlling interest | 21,072 | (670) | (532) |
| Comprehensive income attributable to American Tower Corporation | 215,792 | 423,638 | 253,977 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN TOWER CORP /MA/ | |||
Ticker: AMT Fiscal Year: 2011 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: | |||
| Net income | $ 381,840 | 373,606 | 247,127 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 555,517 | 460,726 | 414,619 |
| Stock-based compensation expense | 47,437 | 52,555 | 60,670 |
| Income taxes related to discontinued operations | 0 | (19) | (3,140) |
| (Increase) decrease in restricted cash | 11,867 | (4,941) | 7,612 |
| Loss (gain) on investments, unrealized foreign currency (gain) loss and other non-cash (income) expense | 149,191 | 5,085 | (5,665) |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 17,412 | 16,652 | 12,582 |
| Loss on retirement of long-term obligations | 0 | 0 | (4,261) |
| Amortization of deferred financing costs, debt discounts and other non-cash interest | 13,092 | 9,408 | 9,838 |
| Provision for losses on accounts receivable | 7,101 | 4,188 | 8,449 |
| Deferred income taxes | 56,852 | 188,327 | 156,780 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (28,857) | (18,974) | (17,844) |
| Prepaid and other assets | (43,659) | (48,834) | (24,553) |
| Deferred rent asset | (143,994) | (105,226) | (36,306) |
| Accounts payable and accrued expenses | 84,699 | 1,603 | (9,609) |
| Accrued interest | 23,360 | 16,633 | (5,927) |
| Unearned revenue | (6,351) | 44,382 | (9,166) |
| Deferred rent liability | 30,952 | 22,269 | 26,590 |
| Other long-term liabilities | 9,483 | 3,537 | 5,808 |
| Cash provided by operating activities | 1,165,942 | 1,020,977 | 842,126 |
| CASH FLOWS USED FOR INVESTING ACTIVITIES: | |||
| Payments for purchase of property and equipment and construction activities | (523,015) | (346,664) | (250,262) |
| Payments for acquisitions, net of cash acquired | (2,320,673) | (899,606) | (295,603) |
| Proceeds from sales of short-term investments, available-for-sale securities and other long-term assets | 69,971 | 21,722 | 47,424 |
| Payments for short-term investments | (42,590) | (52,197) | (45,965) |
| Deposits, restricted cash and other | 25,495 | (24,157) | 1,340 |
| Cash used for investing activities | (2,790,812) | (1,300,902) | (543,066) |
| CASH FLOWS PROVIDED BY (USED FOR) FINANCING ACTIVITIES: | |||
| Proceeds from short-term borrowings | 128,121 | 0 | 0 |
| Borrowings under credit facilities | 1,005,014 | 500,562 | 0 |
| Proceeds from issuance of senior notes | 499,290 | 1,698,370 | 900,000 |
| Proceeds from other long-term borrowings | 212,783 | 0 | 0 |
| Repayments of notes payable, credit facilities and capital leases | (395,384) | (983,737) | (931,199) |
| Distribution to stockholders | 137,765 | 0 | 0 |
| Contribution from (distribution to) noncontrolling interest holders, net | 140,880 | (599) | (646) |
| Purchases of common stock | (437,402) | (430,618) | (213,288) |
| Proceeds from stock options, warrants and Stock Purchase Plan | 85,642 | 138,508 | 65,973 |
| Deferred financing costs and other financing activities | (15,084) | (12,156) | (15,782) |
| Cash provided by (used for) financing activities | 1,086,095 | 910,330 | (194,942) |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents | (14,997) | 6,265 | 98 |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | (553,772) | 636,670 | 104,216 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 883,963 | 247,293 | |
| CASH AND CASH EQUIVALENTS, END OF YEAR | 330,191 | 883,963 | 247,293 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN TOWER CORP /MA/ | ||
Ticker: AMT Fiscal Year: 2011 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 330,191 | 883,963 |
| Restricted cash | 42,775 | 75,972 |
| Short-term investments and available-for-sale securities | 22,270 | 46,428 |
| Accounts receivable, net | 100,971 | 81,479 |
| Prepaid and other current assets | 316,968 | 145,599 |
| Deferred income taxes | 29,596 | 174,788 |
| Total current assets | 842,771 | 1,408,229 |
| PROPERTY AND EQUIPMENT, net | 4,883,473 | 3,683,474 |
| GOODWILL | 2,805,267 | 2,511,907 [1] |
| OTHER INTANGIBLE ASSETS, net | 2,351,955 | 1,885,866 |
| DEFERRED INCOME TAXES | 245,607 | 92,162 |
| DEFERRED RENT ASSET | 609,529 | 470,637 |
| NOTES RECEIVABLE AND OTHER LONG-TERM ASSETS | 493,828 | 317,809 |
| TOTAL | 12,232,430 | 10,370,084 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | 214,739 | 67,124 |
| Accrued expenses | 304,208 | 222,685 |
| Accrued interest | 65,729 | 40,621 |
| Current portion of long-term obligations | 101,816 | 74,896 |
| Unearned revenue | 93,099 | 134,135 |
| Total current liabilities | 779,591 | 539,461 |
| LONG-TERM OBLIGATIONS | 7,134,492 | 5,512,492 |
| ASSET RETIREMENT OBLIGATION | 346,059 | 341,838 |
| OTHER LONG-TERM LIABILITIES | 562,146 | 471,735 |
| Total liabilities | 8,822,288 | 6,865,526 |
| COMMITMENTS AND CONTINGENCIES | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock: $.01 par value; 20,000,000 shares authorized; no shares issued or outstanding | ||
| Common stock: $.01 par value, 1,000,000,000 shares authorized, 393,642,079 and 486,056,952 shares issued, and 393,642,079 and 398,677,234 shares outstanding, respectively | 3,936 | 4,860 |
| Additional paid-in capital | 4,903,800 | 8,577,093 |
| Accumulated deficit | (1,477,899) | (1,736,596) |
| Accumulated other comprehensive (loss) income | (142,617) | 38,053 |
| Treasury stock (0 and 87,379,718 shares at cost, respectively) | 0 | 3,381,966 |
| Total American Tower Corporation stockholders' equity | 3,287,220 | 3,501,444 |
| Noncontrolling interest | 122,922 | 3,114 |
| Total stockholders' equity | 3,410,142 | 3,504,558 |
| TOTAL | 12,232,430 | 10,370,084 |
| [1] Balances have been revised to reflect purchase accounting measurement period adjustments. | ||
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2011 | |
| 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 |