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: 2016 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 970,359 | 672,007 | 803,199 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 1,525,635 | 1,285,328 | 1,003,802 |
| Stock-based compensation expense | 89,898 | 90,537 | 80,153 |
| Decrease in restricted cash | 5,256 | 16,112 | 7,522 |
| Loss on investments, unrealized foreign currency loss and other non-cash expense | 127,377 | 146,170 | 64,133 |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 50,653 | 29,852 | 26,143 |
| (Gain) loss on early retirement of long-term obligations | (1,168) | 79,750 | 3,379 |
| Amortization of deferred financing costs, debt discounts and premiums and other non-cash interest | 17,702 | 6,932 | (4,870) |
| Deferred income taxes | 26,957 | 7,764 | 1,384 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | 11,352 | (56,312) | (84,529) |
| Prepaid and other assets | (83,229) | (91,113) | (1,437) |
| Deferred rent asset | (131,660) | (154,959) | (122,230) |
| Accounts payable and accrued expenses | (42,862) | 95,858 | 34,711 |
| Accrued interest | 34,386 | (15,641) | 45,514 |
| Unearned revenue | 16,557 | 12,945 | 218,393 |
| Deferred rent liability | 67,764 | 56,076 | 38,378 |
| Other non-current liabilities | 18,627 | 1,746 | 20,944 |
| Cash provided by operating activities | 2,703,604 | 2,183,052 | 2,134,589 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Payments for purchase of property and equipment and construction activities | (682,505) | (728,753) | (974,404) |
| Payments for acquisitions, net of cash acquired | (1,416,373) | (1,961,056) | (1,010,637) |
| Payment for Verizon transaction | (4,748) | (5,059,462) | 0 |
| Proceeds from sale of assets, net of cash | 0 | 0 | 15,464 |
| Proceeds from sales of short-term investments and other non-current assets | 13,056 | 1,032,320 | 1,434,831 |
| Payments for short-term investments | (750) | (1,022,816) | (1,395,316) |
| Deposits, restricted cash and other | (16,126) | (1,968) | (19,486) |
| Cash used for investing activities | (2,107,446) | (7,741,735) | (1,949,548) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from short-term borrowings, net | 0 | 9,043 | 0 |
| Borrowings under credit facilities | 2,446,845 | 6,126,618 | 2,187,000 |
| Proceeds from issuance of senior notes, net | 3,236,383 | 1,492,298 | 1,415,844 |
| Proceeds from term loan | 0 | 500,000 | 0 |
| Proceeds from other borrowings | 0 | 54,549 | 102,070 |
| Proceeds from issuance of securities in securitization transaction | 0 | 875,000 | 0 |
| Repayments of notes payable, credit facilities, term loan, senior notes and capital leases | (5,093,747) | (6,393,405) | (3,903,144) |
| Contributions from noncontrolling interest holders, net | 238,480 | 7,201 | 9,098 |
| Proceeds from stock options and stock purchase plan | 92,473 | 50,716 | 62,276 |
| Distributions paid on common stock | (886,116) | (710,852) | (404,631) |
| Distributions paid on preferred stock | (107,125) | (84,647) | (16,013) |
| Proceeds from the issuance of common stock, net | 0 | 2,440,327 | 0 |
| Proceeds from the issuance of preferred stock, net | 0 | 1,337,946 | 583,105 |
| Purchase of preferred stock assumed in acquisition | 0 | 0 | (59,111) |
| Payment for early retirement of long-term obligations | (86) | (85,672) | (11,593) |
| Deferred financing costs and other financing activities | (26,401) | (30,021) | (34,670) |
| Purchase of noncontrolling interest | 0 | 0 | (64,822) |
| Cash (used for) provided by financing activities | (99,294) | 5,589,101 | (134,591) |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents | (30,389) | (23,224) | (30,534) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 466,475 | 7,194 | 19,916 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 320,686 | 313,492 | |
| CASH AND CASH EQUIVALENTS, END OF YEAR | 787,161 | 320,686 | 313,492 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2016 | |
| 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 |