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: 2009 | |||
Statement Of Income Alternative | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| REVENUES: | |||
| Rental and management | $ 1,668,420 | 1,547,035 | 1,425,975 |
| Network development services | 55,694 | 46,469 | 30,619 |
| Total operating revenues | 1,724,114 | 1,593,504 | 1,456,594 |
| OPERATING EXPENSES: | |||
| Costs of operations (exclusive of items shown separately below) | |||
| Rental and management | 383,990 | 363,024 | 343,450 |
| Network development services | 32,385 | 26,831 | 16,172 |
| Depreciation, amortization and accretion | 414,619 | 405,332 | 522,928 |
| Selling, general, administrative and development expense (including stock-based compensation expense of $60,670, $54,807 and $54,603, respectively) | 201,694 | 180,374 | 186,483 |
| Other operating expense | 19,168 | 11,189 | 9,198 |
| Total operating expenses | 1,051,856 | 986,750 | 1,078,231 |
| OPERATING INCOME | 672,258 | 606,754 | 378,363 |
| OTHER INCOME (EXPENSE): | |||
| Interest income, TV Azteca, net of interest expense of $1,488, $1,489, and $1,490, respectively | 14,210 | 14,253 | 14,207 |
| Interest income | 1,722 | 3,413 | 10,848 |
| Interest expense | (249,803) | (253,584) | (235,824) |
| Loss on retirement of long-term obligations | (18,194) | (4,904) | (35,429) |
| Other income | 1,294 | 5,988 | 20,675 |
| Total other expense | (250,771) | (234,834) | (225,523) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND INCOME ON EQUITY METHOD INVESTMENTS | 421,487 | 371,920 | 152,840 |
| Income tax provision | (182,565) | (135,509) | (59,809) |
| Income on equity method investments | 26 | 22 | 19 |
| INCOME FROM CONTINUING OPERATIONS | 238,948 | 236,433 | 93,050 |
| INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX BENEFIT (PROVISION) OF $3,140, $107,914, and $(6,191), RESPECTIVELY | 8,179 | 110,982 | (36,396) |
| NET INCOME | 247,127 | 347,415 | 56,654 |
| Net income attributable to noncontrolling interest | (532) | (169) | (338) |
| NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION | 246,595 | 347,246 | 56,316 |
| NET INCOME PER COMMON SHARE AMOUNTS: | |||
| BASIC: | |||
| Income from continuing operations attributable to American Tower Corporation | 0.60 | 0.60 | 0.22 |
| Income (loss) from discontinued operations attributable to American Tower Corporation | 0.02 | 0.28 | (0.09) |
| Net income attributable to American Tower Corporation | 0.62 | 0.88 | 0.14 |
| DILUTED: | |||
| Income from continuing operations attributable to American Tower Corporation | 0.59 | 0.58 | 0.22 |
| Income (loss) from discontinued operations attributable to American Tower Corporation | 0.02 | 0.27 | (0.09) |
| Net income attributable to American Tower Corporation | 0.61 | 0.84 | 0.13 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||
| BASIC | 398,375 | 395,947 | 413,167 |
| DILUTED | 406,948 | 418,357 | 426,079 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN TOWER CORP /MA/ | |||
Ticker: AMT Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: | |||
| Net income | $ 247,127 | 347,415 | 56,654 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 414,619 | 405,332 | 522,928 |
| Stock-based compensation expense | 60,670 | 54,807 | 54,603 |
| Income taxes related to discontinued operations | (3,140) | (107,914) | 6,191 |
| Decrease (increase) in restricted cash | 7,612 | (2,048) | (49,818) |
| Loss (gain) on investments and other non-cash (income) expense | (5,665) | 314 | (9,469) |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expense | 12,582 | 11,189 | 9,214 |
| Loss on retirement of long-term obligations | 4,261 | 26 | 34,826 |
| Amortization of deferred financing costs, debt discounts and other non-cash interest | 9,838 | 9,426 | 7,789 |
| Provision for losses on accounts receivable | 8,449 | 2,557 | 2,470 |
| Deferred income taxes | 156,780 | 92,513 | 21,239 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (17,844) | (13,550) | (13,417) |
| Prepaid and other assets | (24,553) | (6,023) | 65,704 |
| Deferred rent asset | (36,306) | (50,369) | (69,673) |
| Accounts payable and accrued expenses | (9,609) | (27,374) | (7,237) |
| Accrued interest | (5,927) | (5,067) | (7,617) |
| Unearned revenue | (9,166) | 23,929 | 19,625 |
| Deferred rent liability | 26,590 | 27,618 | 26,650 |
| Other long-term liabilities | 5,808 | 10,477 | 22,017 |
| Cash provided by operating activities | 842,126 | 773,258 | 692,679 |
| CASH FLOWS USED FOR INVESTING ACTIVITIES: | |||
| Payments for purchase of property and equipment and construction activities | (250,262) | (243,484) | (154,381) |
| Payments for acquisitions, net of cash acquired | (295,603) | (42,817) | (43,962) |
| Proceeds from sales of available-for-sale securities and other long-term assets | 9,103 | 5,373 | 22,163 |
| Deposits, restricted cash, short-term investments and other | (6,304) | 5,988 | (10,000) |
| Cash used for investing activities | (543,066) | (274,940) | (186,180) |
| CASH FLOWS USED FOR FINANCING ACTIVITIES: | |||
| Proceeds from issuance of certificates in securitization transaction | 0 | 0 | 1,750,000 |
| Borrowings under credit facilities | 0 | 575,000 | 2,175,000 |
| Proceeds from issuance of senior notes | 900,000 | 0 | 500,000 |
| Repayment of notes payable, credit facilities and capital leases | (931,199) | (327,453) | (3,612,240) |
| Purchases of Class A common stock | (213,288) | (714,655) | (1,642,821) |
| Proceeds from stock options, warrants and stock purchase plan | 65,973 | 82,928 | 124,087 |
| Deferred financing costs and other financing activities | (16,428) | (3,992) | (48,666) |
| Cash used for financing activities | (194,942) | (388,172) | (754,640) |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents | 98 | (192) | 0 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 104,216 | 109,954 | (248,141) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 143,077 | 33,123 | |
| CASH AND CASH EQUIVALENTS, END OF YEAR | 247,293 | 143,077 | 33,123 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN TOWER CORP /MA/ | ||
Ticker: AMT Fiscal Year: 2009 | ||
Statement Of Financial Position Classified | ||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 247,293 | 143,077 |
| Restricted cash | 47,836 | 51,866 |
| Short-term investments and available-for-sale securities | 9,776 | 2,028 |
| Accounts receivable, net of allowances | 67,949 | 51,313 |
| Prepaid and other current assets | 89,051 | 61,415 |
| Deferred income taxes | 189,451 | 163,981 |
| Total current assets | 651,356 | 473,680 |
| PROPERTY AND EQUIPMENT, net | 3,175,511 | 3,022,636 |
| GOODWILL | 2,237,850 | 2,186,233 |
| OTHER INTANGIBLE ASSETS, net | 1,598,633 | 1,566,155 |
| DEFERRED INCOME TAXES | 198,185 | 381,428 |
| NOTES RECEIVABLE AND OTHER LONG-TERM ASSETS | 651,133 | 581,533 |
| TOTAL | 8,512,668 | 8,211,665 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable and accrued expenses | 185,138 | 151,985 |
| Accrued interest | 23,538 | 28,635 |
| Current portion of long-term obligations | 70,521 | 1,837 |
| Unearned revenue | 112,047 | 120,188 |
| Total current liabilities | 391,244 | 302,645 |
| LONG-TERM OBLIGATIONS | 4,141,060 | 4,331,309 |
| OTHER LONG-TERM LIABILITIES | 662,239 | 583,232 |
| Total liabilities | 5,194,543 | 5,217,186 |
| COMMITMENTS AND CONTINGENCIES | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred Stock: $.01 par value; 20,000,000 shares authorized; no shares issued or outstanding | 0 | 0 |
| Class A Common Stock: $.01 par value; 1,000,000,000 shares authorized, 479,703,633 and 468,513,843 shares issued, and 401,596,984 and 396,976,896 shares outstanding, respectively | 4,797 | 4,685 |
| Additional paid-in capital | 8,393,643 | 8,109,224 |
| Accumulated deficit | (2,109,532) | (2,356,127) |
| Accumulated other comprehensive loss | (12,649) | (20,031) |
| Treasury stock (78,106,649 and 71,536,947 shares at cost, respectively) | (2,961,177) | (2,746,429) |
| Total American Tower Corporation stockholders' equity | 3,315,082 | 2,991,322 |
| Noncontrolling interest | 3,043 | 3,157 |
| Total stockholders' equity | 3,318,125 | 2,994,479 |
| TOTAL | 8,512,668 | 8,211,665 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2009 | |
| 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 |