American Tower Corporation (AMT)

NYSE: AMT · Real Estate Investment Trusts · Boston, MA · filing with the SEC since 1998

Grade5.8

◀ Past 6.9● Present 5.4▶ Future 5.6

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 24, 2026	Feb 25, 2025	Feb 27, 2024	Feb 23, 2023	Feb 25, 2022	Feb 25, 2021	Feb 25, 2020	Feb 27, 2019	Feb 28, 2018	Feb 27, 2017
Revenue	10,644,600	10,127,200	10,012,200^r	9,645,400^r	9,356,900	8,041,500	7,580,300	7,440,100	6,663,900	5,785,668
Cost of revenue	·	·	·	·	·	·	43,100	49,100	34,600	27,695
Selling, general and administrative	940,700	933,400	946,000^r	902,100^r	811,600	778,700	730,400	733,200	637,000	543,395
Total costs and expenses	5,798,800	5,610,700	6,886,700^r	6,906,800^r	6,224,900	5,154,000	4,891,900	5,535,100	4,665,500	3,932,639
Operating income	4,845,800	4,516,500	3,125,500^r	2,738,600^r	3,132,000	2,887,500	2,688,400	1,905,000	1,998,400	1,853,029
Interest expense	1,359,400	1,404,500	1,388,200	1,136,000	870,900	793,500	814,200	825,500	749,600	·
Interest and investment income	134,000	135,200	118,600^r	49,100^r	40,400	39,700	46,800	54,700	35,400	·
Interest income (expense), net	·	·	·	·	·	0	0	-100	10,800	·
Other income (expense), net	-576,200	377,600	-326,300^r	434,700^r	566,100	-240,800	17,600	23,800	31,300	-47,790
Total non-operating income (expense)	-1,801,600	-891,700	-1,596,200^r	-652,600^r	-302,600	-1,066,400	-772,000	-750,400	-742,300	-727,169
Income before income taxes	3,044,200	3,624,800	1,529,300^r	2,086,000^r	2,829,400	1,821,100	1,916,400	1,154,600	1,256,100	1,125,860
Income tax expense	415,700	366,300	90,800^r	112,800^r	261,800	129,600	-200	-110,100	30,700	155,501
Income from continuing operations	2,628,500	3,258,500	1,438,500	1,973,200	·	·	·	·	·	·
Income from discontinued operations	0	-978,300	-71,400	-276,500	·	·	·	·	·	·
Net income including non-controlling interests	2,628,500	2,280,200	1,367,100	1,696,700	2,567,600	1,691,500	1,916,600	1,264,700	1,225,400	970,359
Net income to non-controlling interests	99,000	25,200	-116,200	-69,100	-100	900	28,800	28,300	-13,500	13,934
Net income	·	·	·	·	·	1,690,600	1,887,800	1,236,400	1,238,900	956,425
Preferred dividends	·	·	·	·	·	0	0	9,400	87,400	107,125
Net income to common shareholders	2,529,500	2,255,000	1,483,300	1,765,800	2,567,700	1,690,600	1,887,800	1,227,000	1,151,500	849,300
Earnings per share, basic	5.41	4.83	3.18	3.83	5.69	3.81	4.27	2.79	2.69	2.00
Earnings per share, diluted	5.40	4.82	3.18	3.82	5.66	3.79	4.24	2.77	2.67	1.98
Weighted average shares, basic	467,922	467,011	466,063	461,519	451,498	443,640	442,319	439,606	428,181	425,143
Weighted average shares, diluted	468,757	468,120	467,162	462,750	453,294	446,104	445,520	442,960	431,688	429,283

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:Revenues
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfServices

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther

Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton AMT · research, not advice