American Tower Corp
NYSE:AMT
Income Statement
Earnings Waterfall
American Tower Corp
Revenue
|
11.1B
USD
|
Cost of Revenue
|
-3.3B
USD
|
Gross Profit
|
7.9B
USD
|
Operating Expenses
|
-4.1B
USD
|
Operating Income
|
3.8B
USD
|
Other Expenses
|
-2.3B
USD
|
Net Income
|
1.5B
USD
|
Income Statement
American Tower Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 361
N/A
|
3 543
+5%
|
3 766
+6%
|
3 996
+6%
|
4 100
+3%
|
4 195
+2%
|
4 338
+3%
|
4 538
+5%
|
4 772
+5%
|
4 981
+4%
|
5 249
+5%
|
5 526
+5%
|
5 786
+5%
|
6 113
+6%
|
6 333
+4%
|
6 499
+3%
|
6 664
+3%
|
6 790
+2%
|
6 908
+2%
|
7 013
+2%
|
7 440
+6%
|
7 512
+1%
|
7 620
+1%
|
7 789
+2%
|
7 580
-3%
|
7 760
+2%
|
7 783
+0%
|
7 843
+1%
|
8 042
+3%
|
8 207
+2%
|
8 593
+5%
|
9 034
+5%
|
9 357
+4%
|
9 859
+5%
|
10 234
+4%
|
10 451
+2%
|
10 711
+2%
|
10 818
+1%
|
10 915
+1%
|
11 063
+1%
|
11 144
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(860)
|
(919)
|
(986)
|
(1 069)
|
(1 094)
|
(1 098)
|
(1 148)
|
(1 230)
|
(1 309)
|
(1 396)
|
(1 533)
|
(1 659)
|
(1 790)
|
(1 932)
|
(1 989)
|
(2 018)
|
(2 057)
|
(2 084)
|
(2 127)
|
(2 164)
|
(2 178)
|
(2 201)
|
(2 204)
|
(2 208)
|
(2 217)
|
(2 225)
|
(2 202)
|
(2 205)
|
(2 227)
|
(2 250)
|
(2 357)
|
(2 519)
|
(2 682)
|
(2 907)
|
(3 082)
|
(3 194)
|
(3 264)
|
(3 271)
|
(3 275)
|
(3 254)
|
(3 261)
|
|
Gross Profit |
2 502
N/A
|
2 624
+5%
|
2 780
+6%
|
2 927
+5%
|
3 006
+3%
|
3 097
+3%
|
3 190
+3%
|
3 308
+4%
|
3 463
+5%
|
3 586
+4%
|
3 716
+4%
|
3 867
+4%
|
3 995
+3%
|
4 181
+5%
|
4 344
+4%
|
4 481
+3%
|
4 607
+3%
|
4 706
+2%
|
4 781
+2%
|
4 849
+1%
|
5 262
+9%
|
5 310
+1%
|
5 416
+2%
|
5 581
+3%
|
5 364
-4%
|
5 535
+3%
|
5 581
+1%
|
5 638
+1%
|
5 814
+3%
|
5 957
+2%
|
6 235
+5%
|
6 515
+4%
|
6 675
+2%
|
6 952
+4%
|
7 152
+3%
|
7 257
+1%
|
7 447
+3%
|
7 548
+1%
|
7 641
+1%
|
7 808
+2%
|
7 884
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 287)
|
(1 356)
|
(1 422)
|
(1 493)
|
(1 520)
|
(1 544)
|
(1 649)
|
(1 752)
|
(1 849)
|
(1 941)
|
(2 029)
|
(2 102)
|
(2 142)
|
(2 249)
|
(2 267)
|
(2 323)
|
(2 426)
|
(2 507)
|
(2 581)
|
(2 641)
|
(3 174)
|
(3 138)
|
(3 126)
|
(3 025)
|
(2 512)
|
(2 430)
|
(2 443)
|
(2 537)
|
(2 653)
|
(2 669)
|
(2 791)
|
(3 008)
|
(3 136)
|
(3 573)
|
(3 862)
|
(4 135)
|
(4 324)
|
(4 408)
|
(4 416)
|
(4 291)
|
(4 105)
|
|
Selling, General & Administrative |
(416)
|
(424)
|
(423)
|
(434)
|
(447)
|
(460)
|
(478)
|
(484)
|
(498)
|
(510)
|
(532)
|
(548)
|
(543)
|
(573)
|
(588)
|
(604)
|
(637)
|
(677)
|
(682)
|
(712)
|
(733)
|
(726)
|
(733)
|
(743)
|
(730)
|
(750)
|
(774)
|
(762)
|
(779)
|
(744)
|
(762)
|
(792)
|
(812)
|
(923)
|
(939)
|
(964)
|
(972)
|
(942)
|
(964)
|
(965)
|
(993)
|
|
Depreciation & Amortization |
(800)
|
(860)
|
(921)
|
(985)
|
(1 004)
|
(1 022)
|
(1 105)
|
(1 197)
|
(1 285)
|
(1 364)
|
(1 433)
|
(1 490)
|
(1 526)
|
(1 605)
|
(1 604)
|
(1 638)
|
(1 716)
|
(1 741)
|
(1 795)
|
(1 811)
|
(2 111)
|
(2 101)
|
(2 101)
|
(2 095)
|
(1 778)
|
(1 814)
|
(1 820)
|
(1 851)
|
(1 882)
|
(1 933)
|
(2 032)
|
(2 170)
|
(2 333)
|
(2 626)
|
(2 898)
|
(3 184)
|
(3 355)
|
(3 333)
|
(3 272)
|
(3 136)
|
(3 087)
|
|
Other Operating Expenses |
(72)
|
(71)
|
(78)
|
(74)
|
(69)
|
(63)
|
(67)
|
(72)
|
(67)
|
(68)
|
(64)
|
(63)
|
(73)
|
(71)
|
(76)
|
(80)
|
(73)
|
(89)
|
(104)
|
(118)
|
(331)
|
(310)
|
(292)
|
(188)
|
(3)
|
134
|
151
|
76
|
9
|
7
|
4
|
(46)
|
8
|
(24)
|
(26)
|
13
|
4
|
(133)
|
(181)
|
(190)
|
(26)
|
|
Operating Income |
1 214
N/A
|
1 268
+4%
|
1 358
+7%
|
1 434
+6%
|
1 486
+4%
|
1 553
+5%
|
1 541
-1%
|
1 557
+1%
|
1 613
+4%
|
1 645
+2%
|
1 688
+3%
|
1 766
+5%
|
1 853
+5%
|
1 933
+4%
|
2 077
+7%
|
2 159
+4%
|
2 181
+1%
|
2 198
+1%
|
2 201
+0%
|
2 208
+0%
|
2 088
-5%
|
2 172
+4%
|
2 290
+5%
|
2 556
+12%
|
2 851
+12%
|
3 104
+9%
|
3 138
+1%
|
3 101
-1%
|
3 162
+2%
|
3 289
+4%
|
3 445
+5%
|
3 507
+2%
|
3 539
+1%
|
3 379
-5%
|
3 290
-3%
|
3 122
-5%
|
3 123
+0%
|
3 139
+1%
|
3 225
+3%
|
3 518
+9%
|
3 778
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(638)
|
(694)
|
(621)
|
(663)
|
(605)
|
(662)
|
(613)
|
(504)
|
(640)
|
(626)
|
(707)
|
(815)
|
(704)
|
(713)
|
(685)
|
(695)
|
(677)
|
(690)
|
(754)
|
(762)
|
(775)
|
(794)
|
(760)
|
(759)
|
(761)
|
(851)
|
(880)
|
(920)
|
(970)
|
(807)
|
(639)
|
(445)
|
(290)
|
(182)
|
10
|
245
|
(627)
|
(999)
|
(1 341)
|
(1 615)
|
(1 707)
|
|
Non-Reccuring Items |
(39)
|
(4)
|
(2)
|
1
|
(3)
|
(7)
|
(81)
|
(84)
|
(80)
|
(76)
|
0
|
0
|
1
|
(54)
|
(55)
|
(70)
|
(253)
|
(343)
|
(376)
|
(363)
|
(186)
|
(59)
|
(61)
|
(165)
|
(185)
|
(351)
|
(355)
|
(299)
|
(346)
|
(372)
|
(370)
|
(353)
|
(422)
|
(363)
|
(341)
|
(348)
|
(743)
|
(737)
|
(731)
|
(1 018)
|
(628)
|
|
Total Other Income |
4
|
2
|
8
|
10
|
(13)
|
(10)
|
(45)
|
(192)
|
(63)
|
(22)
|
5
|
129
|
(24)
|
(15)
|
(10)
|
15
|
5
|
6
|
7
|
16
|
28
|
27
|
23
|
13
|
12
|
11
|
7
|
(13)
|
(24)
|
(26)
|
10
|
11
|
2
|
18
|
(29)
|
(11)
|
(32)
|
(40)
|
(212)
|
(157)
|
78
|
|
Pre-Tax Income |
542
N/A
|
573
+6%
|
743
+30%
|
782
+5%
|
866
+11%
|
874
+1%
|
802
-8%
|
777
-3%
|
830
+7%
|
921
+11%
|
986
+7%
|
1 080
+10%
|
1 126
+4%
|
1 150
+2%
|
1 326
+15%
|
1 409
+6%
|
1 256
-11%
|
1 171
-7%
|
1 077
-8%
|
1 099
+2%
|
1 155
+5%
|
1 347
+17%
|
1 493
+11%
|
1 645
+10%
|
1 916
+16%
|
1 915
0%
|
1 910
0%
|
1 870
-2%
|
1 821
-3%
|
2 084
+14%
|
2 445
+17%
|
2 721
+11%
|
2 829
+4%
|
2 852
+1%
|
2 930
+3%
|
3 008
+3%
|
1 721
-43%
|
1 364
-21%
|
940
-31%
|
728
-23%
|
1 521
+109%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(60)
|
(58)
|
(91)
|
(86)
|
(63)
|
(69)
|
(61)
|
(145)
|
(158)
|
(163)
|
(193)
|
(121)
|
(156)
|
(153)
|
(134)
|
(145)
|
(31)
|
27
|
47
|
68
|
110
|
45
|
19
|
(5)
|
0
|
13
|
32
|
29
|
(130)
|
(159)
|
(221)
|
(233)
|
(262)
|
(234)
|
(169)
|
(153)
|
(24)
|
(55)
|
(61)
|
(90)
|
(154)
|
|
Income from Continuing Operations |
482
|
515
|
652
|
696
|
803
|
805
|
741
|
632
|
672
|
758
|
793
|
959
|
970
|
997
|
1 193
|
1 264
|
1 225
|
1 198
|
1 124
|
1 167
|
1 265
|
1 392
|
1 512
|
1 640
|
1 917
|
1 928
|
1 942
|
1 899
|
1 692
|
1 925
|
2 225
|
2 488
|
2 568
|
2 618
|
2 761
|
2 855
|
1 697
|
1 309
|
880
|
637
|
1 367
|
|
Income to Minority Interest |
69
|
68
|
65
|
49
|
22
|
10
|
(4)
|
1
|
13
|
9
|
5
|
1
|
(14)
|
1
|
(16)
|
(34)
|
14
|
10
|
24
|
31
|
(28)
|
(43)
|
(41)
|
(37)
|
(29)
|
(22)
|
(19)
|
(11)
|
(1)
|
(5)
|
(4)
|
(9)
|
0
|
16
|
25
|
49
|
69
|
81
|
88
|
77
|
116
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
551
N/A
|
582
+6%
|
713
+22%
|
733
+3%
|
801
+9%
|
782
-2%
|
681
-13%
|
558
-18%
|
595
+7%
|
660
+11%
|
691
+5%
|
853
+23%
|
849
0%
|
890
+5%
|
1 074
+21%
|
1 134
+6%
|
1 152
+2%
|
1 138
-1%
|
1 101
-3%
|
1 169
+6%
|
1 227
+5%
|
1 349
+10%
|
1 471
+9%
|
1 603
+9%
|
1 888
+18%
|
1 905
+1%
|
1 922
+1%
|
1 888
-2%
|
1 691
-10%
|
1 921
+14%
|
2 221
+16%
|
2 479
+12%
|
2 568
+4%
|
2 634
+3%
|
2 786
+6%
|
2 903
+4%
|
1 766
-39%
|
1 390
-21%
|
967
-30%
|
715
-26%
|
1 483
+108%
|
|
EPS (Diluted) |
1.38
N/A
|
1.46
+6%
|
1.79
+23%
|
1.84
+3%
|
2
+9%
|
1.91
-5%
|
1.59
-17%
|
1.3
-18%
|
1.41
+8%
|
1.54
+9%
|
1.61
+5%
|
1.98
+23%
|
1.98
N/A
|
2.06
+4%
|
2.49
+21%
|
2.63
+6%
|
2.67
+2%
|
2.59
-3%
|
2.47
-5%
|
2.63
+6%
|
2.77
+5%
|
3.03
+9%
|
3.3
+9%
|
3.59
+9%
|
4.24
+18%
|
4.27
+1%
|
4.31
+1%
|
4.23
-2%
|
3.79
-10%
|
4.31
+14%
|
4.9
+14%
|
5.42
+11%
|
5.66
+4%
|
5.78
+2%
|
6.05
+5%
|
6.21
+3%
|
3.82
-38%
|
2.97
-22%
|
2.07
-30%
|
1.53
-26%
|
3.18
+108%
|