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: 2017 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 1,225,400 | 970,400 | 672,000 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 1,715,900 | 1,525,600 | 1,285,300 |
| Stock-based compensation expense | 108,500 | 89,900 | 90,500 |
| (Gain) loss on investments, unrealized foreign currency loss and other non-cash expense | (18,000) | 127,400 | 146,200 |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 242,400 | 50,700 | 29,900 |
| Loss (gain) on early retirement of long-term obligations | 70,200 | (1,200) | 79,800 |
| Amortization of deferred financing costs, debt discounts and premiums and other non-cash interest | 20,000 | 17,700 | 6,900 |
| Deferred income taxes | (86,600) | 27,000 | 7,800 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (191,100) | 11,400 | (56,300) |
| Prepaid and other assets | (179,900) | (80,000) | (91,100) |
| Deferred rent asset | (194,400) | (131,700) | (155,000) |
| Accounts payable and accrued expenses | 95,800 | (42,900) | 95,900 |
| Accrued interest | 9,200 | 34,400 | (15,600) |
| Unearned revenue | 59,300 | 16,600 | 12,900 |
| Deferred rent liability | 62,300 | 67,800 | 56,100 |
| Other non-current liabilities | (13,400) | 18,600 | 1,600 |
| Cash provided by operating activities | 2,925,600 | 2,701,700 | 2,166,900 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Payments for purchase of property and equipment and construction activities | (803,600) | (682,500) | (728,800) |
| Payments for acquisitions, net of cash acquired | (2,007,000) | (1,411,300) | (1,961,100) |
| Payment for Verizon transaction | 0 | (4,700) | (5,059,500) |
| Proceeds from sales of short-term investments and other non-current assets | 14,700 | 13,100 | 1,032,300 |
| Payments for short-term investments | 0 | (800) | (1,022,800) |
| Deposits and other | (5,000) | (16,100) | (1,800) |
| Cash used for investing activities | (2,800,900) | (2,102,300) | (7,741,700) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from short-term borrowings, net | 0 | 0 | 9,000 |
| Borrowings under credit facilities | 5,359,400 | 2,446,800 | 6,126,600 |
| Proceeds from issuance of senior notes, net | 2,674,000 | 3,236,400 | 1,492,300 |
| Proceeds from term loan | 0 | 0 | 500,000 |
| Proceeds from other borrowings | 0 | 0 | 54,500 |
| Proceeds from issuance of securities in securitization transaction | 0 | 0 | 875,000 |
| Repayments of notes payable, credit facilities, term loan, senior notes and capital leases | (6,484,400) | (5,093,700) | (6,393,400) |
| Contributions from noncontrolling interest holders, net | 264,300 | 238,500 | 7,200 |
| Purchases of common stock | (766,300) | 0 | 0 |
| Proceeds from stock options and stock purchase plan | 119,700 | 92,500 | 50,700 |
| Distributions paid on common stock | (1,073,000) | (886,100) | (710,900) |
| Distributions paid on preferred stock | (91,400) | (107,100) | (84,600) |
| Proceeds from the issuance of common stock, net | 0 | 0 | 2,440,300 |
| Proceeds from the issuance of preferred stock, net | 0 | 0 | 1,337,900 |
| Payment for early retirement of long-term obligations | (75,300) | (100) | (85,700) |
| Deferred financing costs and other financing activities | (40,000) | (26,500) | (25,800) |
| Cash (used for) provided by financing activities | (113,000) | (99,300) | 5,593,100 |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash | 6,700 | (26,500) | (29,100) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH | 18,400 | 473,600 | (10,800) |
| CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR | 936,500 | 462,900 | |
| CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, END OF YEAR | 954,900 | 936,500 | 462,900 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2017 | |
| 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 |