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: 2019 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 25, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 1,916,600 | 1,264,700 | 1,225,400 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 1,778,400 | 2,110,800 | 1,715,900 |
| Stock-based compensation expense | 111,400 | 137,500 | 108,500 |
| Loss (gain) on investments, unrealized foreign currency loss and other non-cash expense | 46,200 | 47,300 | (18,000) |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 140,000 | 479,600 | 242,400 |
| Loss on early retirement of long-term obligations | 22,200 | 3,300 | 70,200 |
| Amortization of deferred financing costs, debt discounts and premiums and other non-cash interest | 25,900 | 22,100 | 20,000 |
| Deferred income taxes | (55,100) | (303,000) | (86,600) |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | 12,500 | (32,100) | (191,100) |
| Prepaid and other assets | (67,600) | (101,700) | (179,900) |
| Deferred rent asset | (183,500) | (87,600) | (194,400) |
| Right-of-use asset and Operating lease liability, net | 17,400 | ||
| Accounts payable and accrued expenses | (46,800) | 69,300 | 95,800 |
| Accrued interest | 32,400 | 8,400 | 9,200 |
| Unearned revenue | 2,500 | 85,800 | 59,300 |
| Deferred rent liability | 0 | 57,900 | 62,300 |
| Other non-current liabilities | 100 | (14,000) | (13,400) |
| Cash provided by operating activities | 3,752,600 | 3,748,300 | 2,925,600 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Payments for purchase of property and equipment and construction activities | (991,300) | (913,200) | (803,600) |
| Payments for acquisitions, net of cash acquired | (2,959,600) | (1,881,400) | (2,007,000) |
| Proceeds from sales of short-term investments and other non-current assets | 383,500 | 1,252,200 | 14,700 |
| Payments for short-term investments | (355,900) | (1,154,300) | 0 |
| Deposits and other | (64,200) | (52,800) | (5,000) |
| Cash used for investing activities | (3,987,500) | (2,749,500) | (2,800,900) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Borrowings under credit facilities | 5,750,000 | 3,263,300 | 5,359,400 |
| Proceeds from issuance of senior notes, net | 4,876,700 | 584,900 | 2,674,000 |
| Proceeds from term loan | 1,300,000 | 1,500,000 | 0 |
| Proceeds from issuance of securities in securitization transaction | 0 | 500,000 | 0 |
| Repayments of notes payable, credit facilities, term loan, senior notes, secured debt, finance leases and capital leases | (9,225,300) | (4,884,800) | (6,484,400) |
| Distributions to non-controlling interests holders | (11,800) | (14,400) | |
| Contributions from noncontrolling interest holders | 264,300 | ||
| Purchases of common stock | (19,600) | (232,800) | (766,300) |
| Proceeds from stock options and employee stock purchase plan | 105,500 | 98,900 | 119,700 |
| Distributions paid on common stock | (1,603,000) | (1,323,500) | (1,073,000) |
| Distributions paid on preferred stock | 0 | (18,900) | (91,400) |
| Payment for early retirement of long-term obligations | (21,000) | (3,300) | (75,300) |
| Deferred financing costs and other financing activities | (135,600) | (56,600) | (40,000) |
| Purchase of redeemable noncontrolling interest | (425,700) | 0 | 0 |
| Purchase of noncontrolling interest | (68,500) | (20,500) | 0 |
| Cash provided by (used for) financing activities | 521,700 | (607,700) | (113,000) |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash | (13,700) | (41,100) | 6,700 |
| NET INCREASE IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH | 273,100 | 350,000 | 18,400 |
| CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR | 1,304,900 | 954,900 | |
| CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, END OF YEAR | 1,578,000 | 1,304,900 | 954,900 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2019 | |
| 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 |