American Tower Corporation (AMT)
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About
Business overview of American Tower Corporation (AMT)
American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
Key Insights
Critical company metrics and information
Share Price
$202.79Market Cap
$94.76 BillionTotal Outstanding Shares
467.29 Million SharesTotal Employees
5,643Dividend
$1.62 Per Share QuarterlyIPO Date
February 27, 1998SIC Description
Real Estate Investment TrustsHomepage
https://www.americantower.com
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities, Continuing | $5.23 Billion |
| Net Cash Flow From Financing Activities | $-5.36 Billion |
| Net Cash Flow From Investing Activities | $241.40 Million |
| Net Cash Flow From Operating Activities | $5.23 Billion |
| Net Cash Flow | $50.60 Million |
| Net Cash Flow, Continuing | $115.00 Million |
| Exchange Gains/Losses | $-64.40 Million |
| Net Cash Flow From Financing Activities, Continuing | $-5.36 Billion |
| Net Cash Flow From Investing Activities, Continuing | $241.40 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Selling, General, and Administrative Expenses | $982.00 Million |
| Income/Loss From Continuing Operations After Tax | $1.90 Billion |
| Net Income/Loss Available To Common Stockholders, Basic | $1.11 Billion |
| Basic Earnings Per Share | $2.38 |
| Revenues | $11.17 Billion |
| Preferred Stock Dividends And Other Adjustments | $0.00 |
| Costs And Expenses | $7.22 Billion |
| Net Income/Loss Attributable To Parent | $1.11 Billion |
| Diluted Earnings Per Share | $2.38 |
| Other Operating Expenses | $6.24 Billion |
| Diluted Average Shares | $468.13 Million |
| Net Income/Loss Attributable To Noncontrolling Interest | $-47.30 Million |
| Income/Loss From Continuing Operations Before Tax | $2.24 Billion |
| Nonoperating Income/Loss | $-1.71 Billion |
| Benefits Costs and Expenses | $8.93 Billion |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Income Tax Expense/Benefit | $346.90 Million |
| Operating Expenses | $7.22 Billion |
| Common Stock Dividends | $6.56 |
| Net Income/Loss | $1.06 Billion |
| Basic Average Shares | $466.98 Million |
| Operating Income/Loss | $3.95 Billion |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Equity Attributable To Parent | $3.64 Billion |
| Prepaid Expenses | $109.40 Million |
| Intangible Assets | $15.20 Billion |
| Liabilities And Equity | $62.82 Billion |
| Noncurrent Assets | $59.42 Billion |
| Equity Attributable To Noncontrolling Interest | $6.55 Billion |
| Assets | $62.82 Billion |
| Wages | $118.50 Million |
| Accounts Payable | $221.30 Million |
| Noncurrent Liabilities | $45.55 Billion |
| Other Current Assets | $3.29 Billion |
| Current Liabilities | $7.07 Billion |
| Other Non-current Assets | $44.22 Billion |
| Liabilities | $52.62 Billion |
| Current Assets | $3.40 Billion |
| Other Current Liabilities | $6.73 Billion |
| Equity | $10.19 Billion |
Historical Dividends
Current dividend: $1.62 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Dec 5, 2024 | Feb 3, 2025 | Dec 27, 2024 | $1.62 | Quarterly |
| Sep 12, 2024 | Oct 25, 2024 | Oct 9, 2024 | $1.62 | Quarterly |
| May 23, 2024 | Jul 12, 2024 | Jun 14, 2024 | $1.62 | Quarterly |
| Mar 14, 2024 | Apr 26, 2024 | Apr 12, 2024 | $1.62 | Quarterly |
| Dec 14, 2023 | Feb 1, 2024 | Dec 28, 2023 | $1.7 | Quarterly |
| Sep 20, 2023 | Oct 27, 2023 | Oct 11, 2023 | $1.62 | Quarterly |
| May 25, 2023 | Jul 10, 2023 | Jun 16, 2023 | $1.57 | Quarterly |
| Mar 9, 2023 | Apr 28, 2023 | Apr 14, 2023 | $1.56 | Quarterly |
| Dec 8, 2022 | Feb 2, 2023 | Dec 28, 2022 | $1.56 | Quarterly |
| Sep 22, 2022 | Oct 26, 2022 | Oct 11, 2022 | $1.47 | Quarterly |
| May 19, 2022 | Jul 8, 2022 | Jun 17, 2022 | $1.43 | Quarterly |
| Mar 11, 2022 | Apr 29, 2022 | Apr 13, 2022 | $1.4 | Quarterly |
| Dec 16, 2021 | Jan 14, 2022 | Dec 27, 2021 | $1.39 | Quarterly |
| Sep 16, 2021 | Oct 15, 2021 | Sep 28, 2021 | $1.31 | Quarterly |
| May 27, 2021 | Jul 9, 2021 | Jun 18, 2021 | $1.27 | Quarterly |
| Mar 4, 2021 | Apr 29, 2021 | Apr 13, 2021 | $1.24 | Quarterly |
| Dec 3, 2020 | Feb 2, 2021 | Dec 28, 2020 | $1.21 | Quarterly |
| Sep 10, 2020 | Oct 16, 2020 | Sep 28, 2020 | $1.14 | Quarterly |
| May 19, 2020 | Jul 10, 2020 | Jun 19, 2020 | $1.1 | Quarterly |
| Mar 13, 2020 | Apr 29, 2020 | Apr 14, 2020 | $1.08 | Quarterly |
| Dec 12, 2019 | Jan 14, 2020 | Dec 27, 2019 | $1.01 | Quarterly |
| Sep 24, 2019 | Oct 17, 2019 | Sep 27, 2019 | $0.95 | Quarterly |
| May 22, 2019 | Jul 12, 2019 | Jun 19, 2019 | $0.92 | Quarterly |
| Mar 7, 2019 | Apr 26, 2019 | Apr 11, 2019 | $0.9 | Quarterly |
| Dec 4, 2018 | Jan 14, 2019 | Dec 27, 2018 | $0.84 | Quarterly |
| Sep 6, 2018 | Oct 17, 2018 | Sep 28, 2018 | $0.79 | Quarterly |
| May 24, 2018 | Jul 13, 2018 | Jun 19, 2018 | $0.77 | Quarterly |
| Mar 8, 2018 | Apr 27, 2018 | Apr 11, 2018 | $0.75 | Quarterly |
| Dec 7, 2017 | Jan 16, 2018 | Dec 28, 2017 | $0.7 | Quarterly |
| Sep 12, 2017 | Oct 17, 2017 | Sep 29, 2017 | $0.66 | Quarterly |
| Jun 1, 2017 | Jul 14, 2017 | Jun 19, 2017 | $0.64 | Quarterly |
| Mar 9, 2017 | Apr 28, 2017 | Apr 12, 2017 | $0.62 | Quarterly |
| Dec 14, 2016 | Jan 13, 2017 | Dec 28, 2016 | $0.58 | Quarterly |
| Sep 16, 2016 | Oct 17, 2016 | Sep 30, 2016 | $0.55 | Quarterly |
| Jun 2, 2016 | Jul 15, 2016 | Jun 17, 2016 | $0.53 | Quarterly |
| Mar 9, 2016 | Apr 28, 2016 | Apr 12, 2016 | $0.51 | Quarterly |
| Dec 3, 2015 | Jan 13, 2016 | Dec 16, 2015 | $0.49 | Quarterly |
| Sep 10, 2015 | Oct 7, 2015 | Sep 23, 2015 | $0.46 | Quarterly |
| Mar 5, 2015 | Apr 28, 2015 | Apr 10, 2015 | $0.42 | Quarterly |
| Dec 2, 2014 | Jan 13, 2015 | Dec 16, 2014 | $0.38 | Quarterly |
| Sep 10, 2014 | Oct 7, 2014 | Sep 23, 2014 | $0.36 | Quarterly |
| May 21, 2014 | Jul 16, 2014 | Jun 17, 2014 | $0.34 | Quarterly |
| Mar 6, 2014 | Apr 25, 2014 | Apr 10, 2014 | $0.32 | Quarterly |
| Dec 4, 2013 | Dec 31, 2013 | Dec 16, 2013 | $0.29 | Quarterly |
| Sep 12, 2013 | Oct 7, 2013 | Sep 23, 2013 | $0.28 | Quarterly |
| May 22, 2013 | Jul 16, 2013 | Jun 17, 2013 | $0.27 | Quarterly |
| Mar 12, 2013 | Apr 25, 2013 | Apr 10, 2013 | $0.26 | Quarterly |
| Dec 6, 2012 | Dec 31, 2012 | Dec 17, 2012 | $0.24 | Quarterly |
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