American Tower Corporation – Company Information

American Tower Corporation is one of the leading operators and developers of wireless and broadcast communication real estate – with over 75,594 owned or managed sites across the world. It is based in Boston, Massachusetts.

The company operates around 28,566 towers in the United States and over 46,598 towers internationally in Panama, Germany, Brazil, Colombia, Mexico, Costa Rica, Peru, Chile, South Africa, Ghana, Uganda, and India.

The company offers a wide range of of wireless infrastructure solutions, including towers, in-building and outdoor Distributed Antenna Systems (DAS), managed networks, Small Cells, and Wi-Fi.

American Tower began as a subsidiary of American Radio and grew over the years through a number of acquisitions. In 1998 it was spun off into a separate company and went public on the New York Stock Exchange (NYSE) – under the stock ticker symbol ‘AMT’.

The company generates over 98% of its revenue through its rental and management operations, which involves leasing antenna space on multi-tenant communications sites to wireless service providers, wireless data and data providers, government agencies and municipalities, radio and television broadcast companies, in addition to a number of other industries.

American Tower’s mission is to “deliver the highest level of customer service while providing safe, compliant and quality tower sites.”


American Tower logo

  • President, Chairman and CEO: James D. Taiclet, Jr.
  • Industry: Communication Systems
  • Type: Public company
  • Listed on New York Stock Exchange (NYSE)
  • NYSE stock symbol: AMT
  • S&P 500 Component
  • Formed: 1995
  • Net revenue: $4.100 billion USD (2014)
  • Net income: $803.199 million USD (2014)
  • Earnings per share: $2.02 USD (2014)
  • Company headquarters: American Tower Corporation, 116 Huntington Ave. 11th Floor, Boston, MA 02116
  • Employees: 2,974 full-time (2014)
  • Website:
  • Corporate contact number: 614-716-2819
  • Investor relations email: [email protected]

American Tower Corporation Financial Results, Years Ended December 31

Revenues (in $ thousands) 2014 2013
Rental and management $4,006,854 $3,287,090
Network development services $93,194 $74,317
– Total operating revenues $4,100,048 $3,361,407
Operating Expenses (in $ thousands)
Cost of operations $1,056,177 $828,742
Network and development services $38,088 $31,131
Depreciation, amortization and accretion $1,003,802 $800,145
Selling, general, administrative and development expenses $446,542 $415,545
Other operating expenses $68,517 $71,539
– Total operating expenses $2,613,126 $2,147,102
Income Data (in $ thousands)
Operating income $1,486,922 $1,214,305
Income from continuing operations before income taxes and equity earnings $865,704 $541,749
Income tax provision $(62,505) $(59,541)
Net income $803,199 $482,208
Net income attributable to American Tower Corporation $824,910 $551,333
Balance sheet data (in $ thousands)
Total assets $21,331,545 $20,283,665
Long-term debt $13,711,084 $14,408,146
Total liabilities $17,278,193 $16,693,625
Total American Tower Corporation equity $3,953,560 $3,534,165
Common share data (in $)
Basic earnings (loss) per common share $2.02 $1.40
Diluted earnings (loss) per common share $2.00 $1.38
Cash flow data (in $ thousands)
Net cash provided by operating activities $2,134,589 $1,599,047
Net cash used in investing activities $(1,949,548) $(5,173,337)
Net cash provided by financing activities $(134,591) $3,525,565
Cash and cash equivalents at beginning of year $293,576 $368,618
Cash and cash equivalents at end of year $313,492 $293,576

Source: “American Tower Corporation Form 10-K 2014”