XML 37 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 1,326.0 $ 1,501.2
Restricted cash 74.3 76.8
Accounts receivable, net 623.9 462.2
Prepaid and other current assets 480.7 513.6
Total current assets 2,504.9 2,553.8
PROPERTY AND EQUIPMENT, net 11,451.3 12,084.4
GOODWILL 5,948.8 6,178.3
OTHER INTANGIBLE ASSETS, net 11,600.6 12,318.4
DEFERRED TAX ASSET 126.4 131.8
DEFERRED RENT ASSET 1,781.8 1,771.1
RIGHT-OF-USE ASSET 6,968.3 7,357.4
NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS 407.0 406.4
TOTAL 40,789.1 42,801.6
CURRENT LIABILITIES:    
Accounts payable 120.6 148.1
Accrued expenses 876.4 958.2
Distributions payable 483.9 455.0
Accrued interest 148.2 209.4
Current portion of operating lease liability 476.8 494.5
Current portion of long-term obligations 2,640.0 2,928.2
Unearned revenue 408.5 294.3
Total current liabilities 5,154.4 5,487.7
LONG-TERM OBLIGATIONS 21,937.4 21,127.2
OPERATING LEASE LIABILITY 6,137.8 6,510.4
ASSET RETIREMENT OBLIGATIONS 1,321.5 1,384.1
DEFERRED TAX LIABILITY 731.0 768.3
OTHER NON-CURRENT LIABILITIES 901.0 937.0
Total liabilities 36,183.1 36,214.7
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS 541.4 1,096.5
EQUITY (shares in thousands):    
Common stock: $.01 par value; 1,000,000 shares authorized; 454,196 and 453,541 shares issued; and 443,332 and 442,890 shares outstanding, respectively 4.5 4.5
Additional paid-in capital 10,255.6 10,117.7
Distributions in excess of earnings (1,082.5) (1,016.8)
Accumulated other comprehensive loss (4,271.7) (2,823.6)
Treasury stock (10,864 and 10,651 shares at cost, respectively) (1,271.5) (1,226.4)
Total American Tower Corporation equity 3,634.4 5,055.4
Noncontrolling interests 430.2 435.0
Total equity 4,064.6 5,490.4
TOTAL $ 40,789.1 $ 42,801.6