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: 2014 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $ 803,199 | 482,208 | 594,025 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 1,003,802 | 800,145 | 644,276 |
| Stock-based compensation expense | 80,153 | 68,138 | 51,983 |
| Decrease (increase) in restricted cash | 7,522 | (52,717) | (26,500) |
| Loss on investments, unrealized foreign currency loss and other non-cash expense | 65,881 | 222,390 | 60,002 |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 26,143 | 32,672 | 34,280 |
| Loss on early retirement of long-term obligations | 3,379 | 35,288 | 0 |
| Amortization of deferred financing costs, debt discounts and premiums and other non-cash interest | (4,870) | 7,596 | 11,090 |
| Provision for losses on accounts receivable | (1,748) | (1,410) | (4,155) |
| Deferred income taxes | 1,384 | (29,485) | 29,300 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (84,529) | (19,080) | (43,679) |
| Prepaid and other assets | (1,437) | (96,038) | 84,640 |
| Deferred rent asset | (122,230) | (145,689) | (164,219) |
| Accounts payable and accrued expenses | 34,711 | 83,746 | 21,880 |
| Accrued interest | 45,514 | 51,076 | 25,031 |
| Unearned revenue | 218,393 | 108,487 | 68,015 |
| Deferred rent liability | 38,378 | 30,246 | 33,707 |
| Other non-current liabilities | 20,944 | 21,474 | (5,285) |
| Cash provided by operating activities | 2,134,589 | 1,599,047 | 1,414,391 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Payments for purchase of property and equipment and construction activities | (974,404) | (724,532) | (568,048) |
| Payments for acquisitions, net of cash acquired | (1,010,637) | (4,461,764) | (1,997,955) |
| Net proceeds from sale of assets | 15,464 | 0 | 0 |
| Proceeds from sales of short-term investments, available-for-sale securities and other long-term assets | 1,434,831 | 421,714 | 374,682 |
| Payments for short-term investments | (1,395,316) | (427,267) | (352,306) |
| Deposits, restricted cash and other | (19,486) | 18,512 | (14,758) |
| Cash used in investing activities | (1,949,548) | (5,173,337) | (2,558,385) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from (repayments of) short-term borrowings, net | 0 | 8,191 | (55,264) |
| Borrowings under credit facilities | 2,187,000 | 3,507,000 | 2,582,000 |
| Proceeds from issuance of senior notes, net | 1,415,844 | 2,221,792 | 698,670 |
| Proceeds from term loan | 0 | 1,500,000 | 750,000 |
| Proceeds from other long-term borrowings | 102,070 | 402,688 | 177,299 |
| Proceeds from issuance of Securities in Securitization transaction, net | 0 | 1,778,496 | 0 |
| Repayments of notes payable, credit facilities and capital leases | (3,903,144) | (5,337,339) | (2,658,566) |
| Contributions from noncontrolling interest holders, net | 9,098 | 17,447 | 52,761 |
| Purchases of common stock | 0 | (145,012) | (62,728) |
| Proceeds from stock options and stock purchase plan | 62,276 | 45,496 | 55,441 |
| Distributions paid on common stock | (404,631) | (434,687) | (355,574) |
| Distributions paid on preferred stock | (16,013) | 0 | 0 |
| Proceeds from the issuance of preferred stock, net | 583,105 | 0 | 0 |
| Purchase of preferred stock assumed in acquisition | (59,111) | 0 | 0 |
| Payment for early retirement of long-term obligations | (11,593) | (29,234) | 0 |
| Deferred financing costs and other financing activities | (34,670) | (9,273) | (13,673) |
| Purchase of noncontrolling interest | (64,822) | 0 | 0 |
| Cash (used in) provided by financing activities | (134,591) | 3,525,565 | 1,170,366 |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents | (30,534) | (26,317) | 12,055 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 19,916 | (75,042) | 38,427 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 293,576 | 368,618 | |
| CASH AND CASH EQUIVALENTS, END OF YEAR | 313,492 | 293,576 | 368,618 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2014 | |
| 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 |