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: 2010 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| REVENUES: | |||
| Rental and management | $ 1,936,373 | 1,668,420 | 1,547,035 |
| Network development services | 48,962 | 55,694 | 46,469 |
| Total operating revenues | 1,985,335 | 1,724,114 | 1,593,504 |
| OPERATING EXPENSES: | |||
| Rental and management | 447,629 | 383,990 | 363,024 |
| Network development services | 26,957 | 32,385 | 26,831 |
| Depreciation, amortization and accretion | 460,726 | 414,619 | 405,332 |
| Selling, general, administrative and development expense (including stock-based compensation expense of $52,555, $60,670, and $54,807, respectively) | 229,769 | 201,694 | 180,374 |
| Other operating expenses | 35,876 | 19,168 | 11,189 |
| Total operating expenses | 1,200,957 | 1,051,856 | 986,750 |
| OPERATING INCOME | 784,378 | 672,258 | 606,754 |
| OTHER INCOME (EXPENSE): | |||
| Interest income, TV Azteca, net of interest expense of $1,487, $1,488, and $1,489, respectively | 14,212 | 14,210 | 14,253 |
| Interest income | 5,024 | 1,722 | 3,413 |
| Interest expense | (246,018) | (249,803) | (253,584) |
| Loss on retirement of long-term obligations | (1,886) | (18,194) | (4,904) |
| Other income | 315 | 1,294 | 5,988 |
| Total other expense | (228,353) | (250,771) | (234,834) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND INCOME ON EQUITY METHOD INVESTMENTS | 556,025 | 421,487 | 371,920 |
| Income tax provision | (182,489) | (182,565) | (135,509) |
| Income on equity method investments | 40 | 26 | 22 |
| INCOME FROM CONTINUING OPERATIONS | 373,576 | 238,948 | 236,433 |
| INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX PROVISION OF $19, $3,140, AND $107,914, RESPECTIVELY | 30 | 8,179 | 110,982 |
| NET INCOME | 373,606 | 247,127 | 347,415 |
| Net income attributable to noncontrolling interest | (670) | (532) | (169) |
| NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION | 372,936 | 246,595 | 347,246 |
| Earnings Per Common Share | |||
| BASIC: | |||
| Income from continuing operations attributable to American Tower Corporation | 0.93 | 0.60 | 0.60 |
| Income from discontinued operations attributable to American Tower Corporation | 0.02 | 0.28 | |
| Net income attributable to American Tower Corporation | 0.93 | 0.62 | 0.88 |
| DILUTED: | |||
| Income from continuing operations attributable to American Tower Corporation | 0.92 | 0.59 | 0.58 |
| Income from discontinued operations attributable to American Tower Corporation | 0.02 | 0.27 | |
| Net income attributable to American Tower Corporation | 0.92 | 0.61 | 0.84 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||
| BASIC | 401,152 | 398,375 | 395,947 |
| DILUTED | 404,072 | 406,948 | 418,357 |
| External Links | |
| AMERICAN TOWER CORP /MA/ (AMT) Fiscal Year 2010 | |
| 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 |