American Tower Corporation (AMT)

American Tower Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,938	2,255	1,483	1,766	2,568	1,691
Depreciation & Amortization	1,931	2,029	2,929	3,165	2,333	1,882
Other Amortization	54.1	54.1	49.8	47.5	39.9	32.9
Gain (Loss) on Sale of Assets	17.9	17.9	131.3	36.8	22.7	17.3
Gain (Loss) on Sale of Investments	-380.1	-380.1	279	-401.2	-535.2	299.6
Asset Writedown	68.6	68.6	280	147.3	173.7	222.8
Restructuring Activities	10.1	10.1	10.4	-0.1	-	-0.6
Stock-Based Compensation	184.5	203.6	195.7	169.3	119.5	120.8
Change in Accounts Receivable	-103.4	-103.4	-34.5	-78.6	-191.7	-175.5
Change in Accounts Payable	48	48	-11.9	-48.2	33.2	-69.2
Change in Other Net Operating Assets	-187.2	-251.8	-724.1	-673.5	-483.2	-250.5
Other Operating Activities	611.5	77.5	-297.9	-305.4	-3.1	50.2
Net Cash from Discontinued Operations	96	1,342	476.2	690.5	-	-
Operating Cash Flow	5,236	5,291	4,722	3,696	4,820	3,881
Operating Cash Flow Growth	0.04%	12.03%	27.76%	-23.31%	24.18%	3.43%
Acquisition of Real Estate Assets	-1,545	-1,590	-1,798	-1,874	-1,377	-1,032
Net Sale / Acq. of Real Estate Assets	-1,545	-1,590	-1,798	-1,874	-1,377	-1,032
Cash Acquisition	-428.3	-123	-168	-549	-19,304	-3,799
Investment in Marketable & Equity Securities	137.7	253.2	17.3	19.6	-10.7	19.6
Other Investing Activities	82.8	1,870	253.3	47.8	-0.9	26.6
Investing Cash Flow	-1,752	410.6	-1,696	-2,355	-20,692	-4,785
Short-Term Debt Issued	-	8.8	148.7	28.8	-	-
Long-Term Debt Issued	-	10,502	13,098	5,484	26,966	18,096
Total Debt Issued	9,441	10,510	13,247	5,512	26,966	18,096
Long-Term Debt Repaid	-	-12,430	-13,230	-9,626	-13,252	-13,944
Net Debt Issued (Repaid)	-352.9	-1,919	16.7	-4,113	13,713	4,152
Issuance of Common Stock	42.9	46.4	22.1	2,324	2,459	98.1
Repurchase of Common Stock	-	-	-	-18.8	-	-56
Common Dividends Paid	-3,119	-3,075	-2,949	-2,630	-2,271	-1,928
Total Dividends Paid	-3,119	-3,075	-2,949	-2,630	-2,271	-1,928
Other Financing Activities	-244.2	-504.6	-186.9	3,015	2,524	-1,051
Foreign Exchange Rate Adjustments	8.7	-233.9	23.2	-120.4	-70.3	-28.7
Net Cash Flow	-181.4	14.8	-47.3	-202.6	481.9	283.4
Cash Interest Paid	1,313	1,424	1,260	1,089	791.2	762.3
Cash Income Tax Paid	298.2	350.8	306.5	322.3	225.2	146.3
Levered Free Cash Flow	4,248	4,370	4,638	3,892	5,010	3,673
Unlevered Free Cash Flow	5,029	5,193	5,456	4,554	5,514	4,136
Change in Working Capital	-296.1	-386.5	-813.9	-1,619	102.1	-434.5

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q