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: 2013 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 26, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $ 482,208 | 594,025 | 381,840 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 800,145 | 644,276 | 555,517 |
| Stock-based compensation expense | 68,138 | 51,983 | 47,437 |
| (Increase) decrease in restricted cash | (52,717) | (26,500) | 11,867 |
| Loss on investments, unrealized foreign currency loss and other non-cash expense | 222,390 | 60,002 | 149,191 |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 32,672 | 34,280 | 17,412 |
| Loss on early retirement of securitized debt | 35,288 | 0 | 0 |
| Amortization of deferred financing costs, debt discounts and other non-cash interest | 7,596 | 11,090 | 13,092 |
| Provision for losses on accounts receivable | (1,410) | (4,155) | 7,101 |
| Deferred income taxes | (29,485) | 29,300 | 56,852 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (19,080) | (43,679) | (28,857) |
| Prepaid and other assets | (96,038) | 84,640 | (43,659) |
| Deferred rent asset | (145,689) | (164,219) | (143,994) |
| Accounts payable and accrued expenses | 83,746 | 21,880 | 84,699 |
| Accrued interest | 51,076 | 25,031 | 23,360 |
| Unearned revenue | 108,487 | 68,015 | (6,351) |
| Deferred rent liability | 30,246 | 33,707 | 30,952 |
| Other non-current liabilities | 21,474 | (5,285) | 9,483 |
| Cash provided by operating activities | 1,599,047 | 1,414,391 | 1,165,942 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Payments for purchases of property and equipment and construction activities | (724,532) | (568,048) | (523,015) |
| Payments for acquisitions, net of cash acquired | (4,461,764) | (1,997,955) | (2,320,673) |
| Proceeds from sales of short-term investments, available-for-sale securities and other long-term assets | 421,714 | 374,682 | 69,971 |
| Payments for short-term investments | (427,267) | (352,306) | (42,590) |
| Deposits, restricted cash, investments and other | 18,512 | (14,758) | 25,495 |
| Cash used in investing activities | (5,173,337) | (2,558,385) | (2,790,812) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from (repayments of) short-term borrowings, net | 8,191 | (55,264) | 128,121 |
| Borrowings under credit facilities | 3,507,000 | 2,582,000 | 1,005,014 |
| Proceeds from issuance of senior notes, net | 2,221,792 | 698,670 | 499,290 |
| Proceeds from term loan credit facility | 1,500,000 | 750,000 | 0 |
| Proceeds from other long-term borrowings | 402,688 | 177,299 | 212,783 |
| Proceeds from issuance of Securities in Securitization transaction, net | 1,778,496 | 0 | 0 |
| Repayments of notes payable, credit facilities and capital leases | (5,337,339) | (2,658,566) | (395,384) |
| Contributions from noncontrolling interest holders, net | 17,447 | 52,761 | 140,880 |
| Purchases of common stock | (145,012) | (62,728) | (437,402) |
| Proceeds from stock options and Stock Purchase Plan | 45,496 | 55,441 | 85,642 |
| Distributions | (434,687) | (355,574) | (137,765) |
| Payment for early retirement of securitized debt | (29,234) | 0 | 0 |
| Deferred financing costs and other financing activities | (9,273) | (13,673) | (15,084) |
| Cash provided by financing activities | 3,525,565 | 1,170,366 | 1,086,095 |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents | (26,317) | 12,055 | (14,997) |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (75,042) | 38,427 | (553,772) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 368,618 | 330,191 | |
| CASH AND CASH EQUIVALENTS, END OF YEAR | 293,576 | 368,618 | 330,191 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2013 | |
| 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 |