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 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 |
| 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 |