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 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 |
| 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 |