American Tower Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	28,783	27,146	27,068	28,917	29,009
Cash & Equivalents	1,475	2,000	1,754	2,028	1,950
Accounts Receivable	845.1	729.3	733.4	1,042	998.5
Other Receivables	44.5	55.5	79.8	83.6	83.9
Investment In Debt and Equity Securities	176.9	103.9	33.5	29.2	37.1
Goodwill	12,256	11,768	12,084	12,957	13,350
Other Intangible Assets	14,531	14,474	15,932	17,983	20,727
Restricted Cash	130.4	108.6	119.7	112.3	393.4
Other Current Assets	247	285.8	1,023	355.9	303.7
Deferred Long-Term Tax Assets	151.4	122.7	179.1	129.2	131.6
Other Long-Term Assets	4,551	4,283	7,021	3,557	2,903
Total Assets	63,190	61,077	66,028	67,195	69,888
Current Portion of Long-Term Debt	3,388	3,693	3,064	4,510	4,562
Current Portion of Leases	584.9	576.7	693.8	793.6	719.3
Long-Term Debt	33,817	32,792	35,717	34,133	38,661
Long-Term Leases	7,175	6,892	6,833	7,615	8,067
Accounts Payable	259.8	240.8	251.3	218.6	272.4
Accrued Expenses	1,051	1,030	1,077	1,109	1,118
Current Income Taxes Payable	26.5	20.6	16.3	29.8	84.8
Current Unearned Revenue	325	329.2	433.8	439.7	1,204
Other Current Liabilities	1,279	1,185	1,714	1,212	1,107
Long-Term Unearned Revenue	-	-	474.9	489.5	540.2
Long-Term Deferred Tax Liabilities	1,440	1,262	1,311	1,492	1,831
Other Long-Term Liabilities	3,490	3,407	3,578	2,745	2,653
Total Liabilities	52,835	51,429	55,162	54,786	60,818
Common Stock	4.8	4.8	4.8	4.8	4.7
Additional Paid-In Capital	15,215	15,057	14,873	14,689	12,240
Distributions in Excess of Earnings	-5,086	-4,424	-3,639	-2,102	-1,142
Treasury Stock	-1,666	-1,301	-1,301	-1,301	-1,282
Comprehensive Income & Other	-4,816	-5,955	-5,740	-5,718	-4,739
Total Common Equity	3,653	3,382	4,198	5,572	5,081
Minority Interest	6,703	6,267	6,667	6,836	3,988
Shareholders' Equity	10,355	9,649	10,865	12,409	9,070
Total Liabilities & Equity	63,190	61,077	66,028	67,195	69,888
Total Debt	44,964	43,954	46,307	47,051	52,009
Net Cash (Debt)	-43,489	-41,955	-44,553	-45,023	-50,059
Net Cash Per Share	-92.78	-89.62	-95.37	-97.29	-110.43
Filing Date Shares Outstanding	466.08	467.46	466.35	465.65	455.88
Total Common Shares Outstanding	466.32	467.38	466.3	465.62	455.77
Book Value Per Share	7.83	7.24	9.00	11.97	11.15
Tangible Book Value	-23,134	-22,860	-23,818	-25,368	-28,996
Tangible Book Value Per Share	-49.61	-48.91	-51.08	-54.48	-63.62
Land	4,390	4,180	4,134	4,024	3,836
Buildings	3,980	3,601	3,583	3,404	3,344
Construction In Progress	1,324	1,298	1,355	1,432	913.2

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.