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: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 23, 2023) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 1,696,700 | 2,567,600 | 1,691,500 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation, amortization and accretion | 3,355,100 | 2,332,600 | 1,882,300 |
| Stock-based compensation expense | 169,300 | 119,500 | 120,800 |
| Loss on investments, unrealized foreign currency (gain) loss and other non-cash expense | (401,200) | (535,200) | 299,600 |
| Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | 684,300 | 196,400 | 239,500 |
| Loss on early retirement of long-term obligations | 400 | 38,200 | 71,800 |
| Amortization of deferred financing costs, debt discounts and premiums and other non-cash interest | 47,500 | 39,900 | 32,900 |
| Deferred income taxes | (236,700) | (41,200) | (22,500) |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (78,600) | (191,700) | (175,500) |
| Prepaid and other assets | (196,100) | (33,200) | 84,400 |
| Deferred rent asset | (499,800) | (465,600) | (322,000) |
| Right-of-use asset and Operating lease liability, net | (9,300) | (32,700) | (10,900) |
| Accounts payable and accrued expenses | (48,200) | 33,200 | (69,200) |
| Accrued interest | 6,600 | 42,900 | (1,800) |
| Unearned revenue | (818,900) | 743,800 | 60,700 |
| Other non-current liabilities | 25,100 | 5,400 | (200) |
| Cash provided by operating activities | 3,696,200 | 4,819,900 | 3,881,400 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Payments for purchase of property and equipment and construction activities | (1,873,600) | (1,376,700) | (1,031,700) |
| Payments for acquisitions, net of cash acquired | (549,000) | (19,303,900) | (3,799,100) |
| Proceeds from sales of short-term investments and other non-current assets | 19,600 | 14,300 | 19,600 |
| Payment for investments in equity securities | 0 | (25,000) | 0 |
| Deposits and other | 47,800 | (900) | 26,600 |
| Cash used for investing activities | (2,355,200) | (20,692,200) | (4,784,600) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from short-term borrowings, net | 28,800 | 0 | 0 |
| Borrowings under credit facilities | 4,190,000 | 12,856,900 | 8,230,400 |
| Proceeds from issuance of senior notes, net | 1,293,600 | 6,761,600 | 7,925,100 |
| Proceeds from term loans | 0 | 7,347,000 | 1,940,000 |
| Repayments of notes payable, credit facilities, senior notes, secured debt, short-term borrowings, term loans and finance leases | (9,625,500) | (13,178,100) | (13,875,400) |
| Contributions from noncontrolling interest holders | 3,120,800 | 3,078,200 | 0 |
| Distributions to noncontrolling interest holders | (10,900) | (223,200) | (12,300) |
| Purchases of common stock | (18,800) | 0 | (56,000) |
| Proceeds from stock options and employee stock purchase plan | 32,400 | 96,800 | 98,100 |
| Distributions paid on common stock | (2,630,400) | (2,271,000) | (1,928,200) |
| Proceeds from the issuance of common stock, net | 2,291,700 | 2,361,800 | 0 |
| Payment for early retirement of long-term obligations | 0 | (74,000) | (68,200) |
| Deferred financing costs and other financing activities | (94,900) | (155,800) | (176,500) |
| Purchases of redeemable noncontrolling interests | 0 | (175,700) | (861,700) |
| Cash (used for) provided by financing activities | (1,423,200) | 16,424,500 | 1,215,300 |
| Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash | (120,400) | (70,300) | (28,700) |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH | (202,600) | 481,900 | 283,400 |
| CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR | 2,343,300 | 1,861,400 | |
| CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, END OF YEAR | 2,140,700 | 2,343,300 | 1,861,400 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2022 | |
| 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 |