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 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 |
| 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 |