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: 2015 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $ 672,007 | 803,199 | 482,208 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 1,285,328 | 1,003,802 | 800,145 |
| Stock-based compensation expense | 90,537 | 80,153 | 68,138 |
| Decrease (increase) in restricted cash | 16,112 | 7,522 | (52,717) |
| Loss on investments, unrealized foreign currency loss and other non-cash expense | 142,697 | 65,881 | 222,390 |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 29,852 | 26,143 | 32,672 |
| Loss on early retirement of long-term obligations | 79,750 | 3,379 | 35,288 |
| Amortization of deferred financing costs, debt discounts and premiums and other non-cash interest | 6,932 | (4,870) | 7,596 |
| Provision for losses on (recovery of) accounts receivable | 3,473 | (1,748) | (1,410) |
| Deferred income taxes | 7,764 | 1,384 | (29,485) |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (56,312) | (84,529) | (19,080) |
| Prepaid and other assets | (91,113) | (1,437) | (96,038) |
| Deferred rent asset | (154,959) | (122,230) | (145,689) |
| Accounts payable and accrued expenses | 95,858 | 34,711 | 83,746 |
| Accrued interest | (15,641) | 45,514 | 51,076 |
| Unearned revenue | 12,945 | 218,393 | 108,487 |
| Deferred rent liability | 56,076 | 38,378 | 30,246 |
| Other non-current liabilities | 1,746 | 20,944 | 21,474 |
| Cash provided by operating activities | 2,183,052 | 2,134,589 | 1,599,047 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Payments for purchase of property and equipment and construction activities | (728,753) | (974,404) | (724,532) |
| Payments for acquisitions, net of cash acquired | (1,961,056) | (1,010,637) | (4,461,764) |
| Payment for Verizon transaction | (5,059,462) | 0 | 0 |
| Proceeds from sale of assets, net of cash | 0 | 15,464 | 0 |
| Proceeds from sales of short-term investments and other non-current assets | 1,032,320 | 1,434,831 | 421,714 |
| Payments for short-term investments | (1,022,816) | (1,395,316) | (427,267) |
| Deposits, restricted cash and other | (1,968) | (19,486) | 18,512 |
| Cash used for investing activities | (7,741,735) | (1,949,548) | (5,173,337) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from short-term borrowings, net | 9,043 | 0 | 8,191 |
| Borrowings under credit facilities | 6,126,618 | 2,187,000 | 3,507,000 |
| Proceeds from issuance of senior notes, net | 1,492,298 | 1,415,844 | 2,221,792 |
| Proceeds from term loan | 500,000 | 0 | 1,500,000 |
| Proceeds from other long-term borrowings | 54,549 | 102,070 | 402,688 |
| Proceeds from issuance of securities in securitization transaction | 875,000 | 0 | 1,778,496 |
| Repayments of notes payable, credit facilities, term loan, senior notes and capital leases | (6,393,405) | (3,903,144) | (5,337,339) |
| Contributions from noncontrolling interest holders, net | 7,201 | 9,098 | 17,447 |
| Purchases of common stock | 0 | 0 | (145,012) |
| Proceeds from stock options and stock purchase plan | 50,716 | 62,276 | 45,496 |
| Distributions paid on common stock | (710,852) | (404,631) | (434,687) |
| Distributions paid on preferred stock | (84,647) | (16,013) | 0 |
| Proceeds from the issuance of common stock, net | 2,440,327 | 0 | 0 |
| Proceeds from the issuance of preferred stock, net | 1,337,946 | 583,105 | 0 |
| Purchase of preferred stock assumed in acquisition | 0 | (59,111) | 0 |
| Payment for early retirement of long-term obligations | (85,672) | (11,593) | (29,234) |
| Deferred financing costs and other financing activities | (30,021) | (34,670) | (9,273) |
| Purchase of noncontrolling interest | 0 | (64,822) | 0 |
| Cash provided by (used for) financing activities | 5,589,101 | (134,591) | 3,525,565 |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents | (23,224) | (30,534) | (26,317) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 7,194 | 19,916 | (75,042) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 313,492 | 293,576 | |
| CASH AND CASH EQUIVALENTS, END OF YEAR | 320,686 | 313,492 | 293,576 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2015 | |
| 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 |