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: 2012 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| REVENUES: | |||
| Rental and management | $ 2,803,490 | 2,386,185 | 1,936,373 |
| Network development services | 72,470 | 57,347 | 48,962 |
| Total operating revenues | 2,875,960 | 2,443,532 | 1,985,335 |
| OPERATING EXPENSES: | |||
| Rental and management (including stock-based compensation expense of $793, 1,105 and $0, respectively) | 686,681 | 590,272 | 447,629 |
| Network development services (including stock-based compensation expense of $968, $1,224 and $0, respectively) | 35,798 | 30,684 | 26,957 |
| Depreciation, amortization and accretion | 644,276 | 555,517 | 460,726 |
| Selling, general, administrative and development expense (including stock-based compensation expense of $50,222, $45,108 and $52,555, respectively) | 327,301 | 288,824 | 229,769 |
| Other operating expenses | 62,185 | 58,103 | 35,876 |
| Total operating expenses | 1,756,241 | 1,523,400 | 1,200,957 |
| OPERATING INCOME | 1,119,719 | 920,132 | 784,378 |
| OTHER INCOME (EXPENSE): | |||
| Interest income, TV Azteca, net of interest expense of $1,485, $1,474 and $1,487, restpectively | 14,258 | 14,214 | 14,212 |
| Interest income | 7,680 | 7,378 | 5,024 |
| Interest expense | (401,665) | (311,854) | (246,018) |
| Loss on retirement of long-term obligations | (398) | 0 | (1,886) |
| Other (expense) income (including unrealized foreign currency (losses) gains of $(34,330), $(131,053) and $4,792, respectively | (38,300) | (122,975) | 315 |
| Total other expense | (418,425) | (413,237) | (228,353) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND INCOME ON EQUITY METHOD INVESTMENTS | 701,294 | 506,895 | 556,025 |
| Income tax provision | (107,304) | (125,080) | (182,489) |
| Income on equity method investments | 35 | 25 | 40 |
| INCOME FROM CONTINUING OPERATIONS | 594,025 | 381,840 | 373,576 |
| INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX PROVISION OF $0, $0 and $19, RESPECTIVELY | 0 | 0 | 30 |
| NET INCOME | 594,025 | 381,840 | 373,606 |
| Net (loss) income attributable to noncontrolling interest | 43,258 | 14,622 | (670) |
| NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION | 637,283 | 396,462 | 372,936 |
| NET INCOME PER COMMON SHARE AMOUNTS | |||
| BASIC: | |||
| Income from continuing operations attributable to American Tower Corporation (in dollars per share) | 1.61 | 1.00 | 0.93 |
| Income from discontinued operations attributable to American Tower Corporation (in dollars per share) | 0.00 | 0.00 | 0.00 |
| Net income attributable to American Tower Corporation (in dollars per share) | 1.61 | 1.00 | 0.93 |
| DILUTED: | |||
| Income from continuing operations attributable to American Tower Corporation (in dollars per share) | 1.60 | 0.99 | 0.92 |
| Income from discontinued operations attributable to American Tower Corporation (in dollars per share) | 0.00 | 0.00 | 0.00 |
| Net income attributable to American Tower Corporation (in dollars per share) | 1.60 | 0.99 | 0.92 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||
| BASIC (in shares) | 394,772 | 395,711 | 401,152 |
| DILUTED (in shares) | 399,287 | 400,195 | 404,072 |
| DISTRIBUTIONS DECLARED, PER SHARE | 0.90 | 0.35 | 0.00 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN TOWER CORP /MA/ | |||
Ticker: AMT Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 594,025 | 381,840 | 373,606 |
| Net change in fair value of cash flow hedges, net of taxes of $905, $1,334 and $6,046, respectively | (5,315) | 1,977 | 9,496 |
| Reclassification of unrealized losses on cash flow hedges to net income, net of taxes of $208, $74 and $75, respectively | 1,132 | 225 | 118 |
| Net unrealized (loss) gain on available-for-sale securities, net of taxes of $0, $65 and $4, respectively | 0 | (104) | 7 |
| Reclassification of unrealized losses on available-for-sale securities to net income | 495 | 0 | 0 |
| Foreign currency translation adjustments, net of taxes of $7,677, $1,702 and $3,541, respectively | (58,387) | (187,466) | 41,081 |
| Reclassifications due to REIT Conversion | 0 | (1,752) | 0 |
| Other comprehensive (loss) income | (62,075) | (187,120) | 50,702 |
| Comprehensive income | 531,950 | 194,720 | 424,308 |
| Comprehensive loss (income) attributable to non-controlling interest | 64,603 | 21,072 | (670) |
| Comprehensive income attributable to American Tower Corporation | 596,553 | 215,792 | 423,638 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN TOWER CORP /MA/ | |||
Ticker: AMT Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $ 594,025 | 381,840 | 373,606 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 644,276 | 555,517 | 460,726 |
| Stock-based compensation expense | 51,983 | 47,437 | 52,555 |
| Income taxes related to discontinued operations | 0 | 0 | (19) |
| (Increase) decrease in restricted cash | (26,500) | 11,867 | (4,941) |
| Loss (gain) on investments, unrealized foreign currency (gain) loss and other non-cash (income) expense | 60,002 | 149,191 | 5,085 |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 34,280 | 17,412 | 16,652 |
| Loss on retirement of long-term obligations | 0 | 0 | 0 |
| Amortization of deferred financing costs, debt discounts and other non-cash interest | 11,090 | 13,092 | 9,408 |
| Provision for losses on accounts receivable | (4,155) | 7,101 | 4,188 |
| Deferred income taxes | 29,300 | 56,852 | 188,327 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (43,679) | (28,857) | (18,974) |
| Prepaid and other assets | 84,640 | (43,659) | (48,834) |
| Deferred rent asset | (164,219) | (143,994) | (105,226) |
| Accounts payable and accrued expenses | 21,880 | 84,699 | 1,603 |
| Accrued interest | 25,031 | 23,360 | 16,633 |
| Unearned revenue | 68,015 | (6,351) | 44,382 |
| Deferred rent liability | 33,707 | 30,952 | 22,269 |
| Other non-current liabilities | (5,285) | 9,483 | 3,537 |
| Cash provided by operating activities | 1,414,391 | 1,165,942 | 1,020,977 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Payments for purchase of property and equipment and construction activities | (568,048) | (523,015) | (346,664) |
| Payments for acquisitions, net of cash acquired | (1,997,955) | (2,320,673) | (899,606) |
| Proceeds from sales of short-term investments, available-for-sale securities and other long-term assets | 374,682 | 69,971 | 21,722 |
| Payments for short-term investments | (352,306) | (42,590) | (52,197) |
| Deposits, restricted cash and other | (14,758) | 25,495 | (24,157) |
| Cash used for investing activities | (2,558,385) | (2,790,812) | (1,300,902) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| (Repayments of) proceeds from short-term borrowings | (55,264) | 128,121 | 0 |
| Borrowings under credit facilities | 2,582,000 | 1,005,014 | 500,562 |
| Proceeds from issuance of senior notes | 698,670 | 499,290 | 1,698,370 |
| Procceds from term loan credit facility | 750,000 | 0 | 0 |
| Proceeds from other long-term borrowings | 177,299 | 212,783 | 0 |
| Repayments of notes payable, credit facilities and capital leases | (2,658,566) | (395,384) | (983,737) |
| Contribution from (distribution to) noncontrolling interest holders, net | 52,761 | 140,880 | (599) |
| Purchases of common stock | (62,728) | (437,402) | (430,618) |
| Proceeds from stock options, warrants and Stock Purchase Plan | 55,441 | 85,642 | 138,508 |
| Distributions | (355,574) | (137,765) | 0 |
| Deferred financing costs and other financing activities | (13,673) | (15,084) | (12,156) |
| Cash provided by financing activities | 1,170,366 | 1,086,095 | 910,330 |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents | 12,055 | (14,997) | 6,265 |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 38,427 | (553,772) | 636,670 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 330,191 | 883,963 | |
| CASH AND CASH EQUIVALENTS, END OF YEAR | 368,618 | 330,191 | 883,963 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN TOWER CORP /MA/ | ||
Ticker: AMT Fiscal Year: 2012 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 368,618 | 330,191 |
| Restricted cash | 69,316 | 42,215 |
| Short-term investments and available-for-sale securities | 6,018 | 22,270 |
| Accounts receivable, net | 136,971 | 100,610 |
| Prepaid and other current assets | 222,851 | 250,273 |
| Deferred income taxes | 25,754 | 29,596 |
| Total current assets | 829,528 | 775,155 |
| PROPERTY AND EQUIPMENT, net | 5,789,995 | 4,981,722 |
| GOODWILL | 2,912,046 | 2,676,290 |
| OTHER INTANGIBLE ASSETS, net | 3,115,053 | 2,495,053 |
| DEFERRED INCOME TAXES | 213,518 | 209,031 |
| DEFERRED RENT ASSET | 776,201 | 609,529 |
| NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS | 452,788 | 495,615 |
| TOTAL | 14,089,129 | 12,242,395 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | 89,578 | 215,931 |
| Accrued expenses | 286,962 | 305,538 |
| Distributions payable | 189 | 0 |
| Accrued interest | 71,271 | 65,729 |
| Current portion of long-term obligations | 60,031 | 101,816 |
| Unearned revenue | 124,147 | 92,483 |
| Total current liabilities | 632,178 | 781,497 |
| LONG-TERM OBLIGATIONS | 8,693,345 | 7,134,492 |
| ASSET RETIREMENT OBLIGATIONS | 435,724 | 344,180 |
| OTHER NON-CURRENT LIABILITIES | 643,701 | 572,084 |
| Total liabilities | 10,404,948 | 8,832,253 |
| COMMITMENTS AND CONTINGENCIES | ||
| 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, 395,963,218 and 393,642,079 shares issued, and 395,091,213 and 393,642,079 shares outstanding, respectively | 3,959 | 3,936 |
| Additional paid-in capital | 5,012,124 | 4,903,800 |
| Distributions in excess of earnings | (1,196,907) | (1,477,899) |
| Accumulated other comprehensive loss | (183,347) | (142,617) |
| Treasury stock (872,0005 and 0 shares at cost, respectively) | (62,728) | 0 |
| Total American Tower Corporation equity | 3,573,101 | 3,287,220 |
| Noncontrolling interest | 111,080 | 122,922 |
| Total equity | 3,684,181 | 3,410,142 |
| TOTAL | 14,089,129 | 12,242,395 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2012 | |
| 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 |