American Tower Corporation is a holding company. The company conducts its operations through its directly and indirectly owned subsidiaries and joint ventures. It is a wireless and broadcast communications infrastructure company that owns, operates and develops communications sites.
The company's primary business includes leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. This business is its rental and management operations.
Type
Public
HQ
Boston, US
Founded
1995
Size (employees)
4,507 (est)
American Tower was founded in 1995 and is headquartered in Boston, US
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Key People/Management at American Tower

James Taiclet

James Taiclet

Chairman
Tom Bartlett

Tom Bartlett

EVP & CFO
Ed DiSanto

Ed DiSanto

EVP & CAO & General Counsel & Secretary
Hal Hess

Hal Hess

EVP, International Operations & President
Steven Marshall

Steven Marshall

EVP & President
Amit Sharma

Amit Sharma

EVP & President

American Tower Office Locations

American Tower has offices in Seattle, Washington, Baltimore, Sioux Falls and in 40 other locations
Boston, US (HQ)
116 Huntington Ave. 11th Floor
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American Tower Financials and Metrics

American Tower Financials

American Tower's revenue was reported to be $5.79 b in FY, 2016 which is a 21.3% increase from the previous period.
USD

Revenue (Q2, 2017)

1.7 b

Net income (Q2, 2017)

388.5 m

EBIT (Q2, 2017)

576.9 m

Market capitalization (23-May-2018)

60.4 b

Closing share price (23-May-2018)

136.8

Cash (31-Mar-2018)

1.1 b
American Tower's current market capitalization is $60.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3.4 b4.1 b4.8 b5.8 b

Revenue growth, %

22%16%21%

EBIT

1.2 b1.5 b1.6 b1.9 b

EBIT margin, %

36%36%34%32%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

807.9 m984.1 m1 b1 b1.1 b1.2 b1.2 b1.3 b1.4 b1.5 b1.6 b1.7 b

Operating expense total

499 m630.5 m629 m653.4 m659.2 m784.6 m837 m837.2 m1 b1 b1.1 b1.1 b

EBIT

308.9 m353.6 m402.5 m384.8 m420 m389.8 m400.9 m451.9 m432.8 m479.1 m531.4 m576.9 m

EBIT margin, %

38%36%39%37%39%33%32%35%30%32%33%35%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

247.3 m884 m330.2 m368.6 m293.6 m313.5 m320.7 m787.2 m

Accounts Receivable

151.1 m198.7 m227.4 m308.4 m

Inventories

Current Assets

952.7 m948 m996.5 m1.7 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

4 b333.4 m283 m295.6 m323.4 m274.7 m287.4 m336.4 m410.5 m530.4 m712.8 m770 m1.1 b

Accounts Receivable

152.6 m227.2 m174.6 m198.1 m175.8 m212.9 m206.2 m217.5 m285.4 m273.9 m370 m322.1 m557.9 m

Current Assets

4.7 b1 b998.4 m996.9 m925.8 m940.6 m940.4 m1 b1.3 b1.4 b1.7 b1.8 b2.8 b

PP&E

5.9 b7.3 b7.6 b7.6 b9.4 b9.6 b9.8 b9.9 b10.6 b10.5 b10.7 b10.7 b11.3 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

482.2 m803.2 m672 m970.4 m

Depreciation and Amortization

800.1 m1 b1.3 b1.5 b

Accounts Payable

83.7 m34.7 m95.9 m(42.9 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

163.2 m193.3 m221.7 m206.6 m195.5 m157.2 m97.7 m281.3 m192.5 m263.7 m307.4 m

Depreciation and Amortization

184.9 m245.8 m245.4 m249.1 m263.5 m

Accounts Payable

132.7 m111 m72.5 m82.9 m99.6 m
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American Tower News and Updates

American Tower expands in Africa with acquisition of 723 towers

Telkom Kenya has announced it has reached a definitive agreement to sell up to 723 towers to American Tower, expanding the latter’s footprint to a fifth country in Africa.

American Tower Corp to acquire Telkom Kenya sites

NAIROBI (Reuters) - America Tower Corporation will acquire Telkom Kenya's transmission towers in a deal expected to be concluded in the second half of this year, allowing Telkom to invest in its internet network, the two companies said on Monday.

American Tower sees positive impacts in T-Mobile US, Sprint merger: CEO

  CEO Jaimes Taiclet says previous carrier mergers in the U.S. had a net positive business impact for American Tower American Tower Corporation expects the proposed merger between T-Mobile US and Sprint to have a neutral to positive impact in the company’s business, American Tower’s Chairman and CEO…

Wireless Tower Market is touching new level – A comprehensive study with key players Karamtara, American Tower, SBA Communications

HTF MI recently broadcasted a new study in its database that highlights the in-depth market analysis with future prospects of Wireless Tower market. Posted via Industry Today. Follow us on Twitter @IndustryToday

Mexico's Axtel to sell towers to American Tower for $56 mln

MEXICO CITY, July 11 (Reuters) - Mexico's Axtel, the telephone unit of conglomerate Alfa, on Tuesday said it had reached a deal to sell towers to a subsidiary of American Tower Corp for $56 million.
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