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 OPERATIONS | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| REVENUES: | |||
| Property | $ 5,713,126 | 4,680,388 | 4,006,854 |
| Services | 72,542 | 91,128 | 93,194 |
| Total operating revenues | 5,785,668 | 4,771,516 | 4,100,048 |
| OPERATING EXPENSES: | |||
| Property (including stock-based compensation expense of $1,750, $1,614 and $1,397, respectively) | 1,762,694 | 1,275,436 | 1,056,177 |
| Services (including stock-based compensation expense of $688, $439 and $440, respectively) | 27,695 | 33,432 | 38,088 |
| Depreciation, amortization and accretion | 1,525,635 | 1,285,328 | 1,003,802 |
| Selling, general, administrative and development expense (including stock-based compensation expense of $87,460, $88,484 and $78,316, respectively) | 543,395 | 497,835 | 446,542 |
| Other operating expenses | 73,220 | 66,696 | 68,517 |
| Total operating expenses | 3,932,639 | 3,158,727 | 2,613,126 |
| OPERATING INCOME | 1,853,029 | 1,612,789 | 1,486,922 |
| OTHER INCOME (EXPENSE): | |||
| Gain (loss) on retirement of long-term obligations | 1,168 | (79,606) | (3,473) |
| Other expense (including unrealized foreign currency losses of $23,439, $71,473 and $49,319, respectively) | (47,790) | (134,960) | (62,060) |
| Total other expense | (727,169) | (782,827) | (621,218) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 1,125,860 | 829,962 | 865,704 |
| Income tax provision | (155,501) | (157,955) | (62,505) |
| NET INCOME | 970,359 | 672,007 | 803,199 |
| Net (income) loss attributable to noncontrolling interests | (13,934) | 13,067 | 21,711 |
| NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION STOCKHOLDERS | 956,425 | 685,074 | 824,910 |
| Dividends on preferred stock | (107,125) | (90,163) | (23,888) |
| NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS | 849,300 | 594,911 | 801,022 |
| NET INCOME PER COMMON SHARE AMOUNTS: | |||
| Basic net income attributable to American Tower Corporation common stockholders (in dollars per share) | 2.00 | 1.42 | 2.02 |
| Diluted net income attributable to American Tower Corporation common stockholders (in dollars per share) | 1.98 | 1.41 | 2.00 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||
| BASIC (in shares) | 425,143 | 419 | 395,958 |
| DILUTED (in shares) | 429,283 | 423 | 400,086 |
| Legal Entity | |||
| TV Azteca | |||
| Interest income, TV Azteca, net of interest expense of $1,163, $820 and $1,482, respectively | 10,960 | 11,209 | 10,547 |
| Interest expense | (1,163) | (820) | (1,482) |
| Excluding TV Azteca | |||
| Interest income | 25,618 | 16,479 | 14,002 |
| Interest expense | (717,125) | (595,949) | (580,234) |
| 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 |