v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 2,076.0 $ 1,999.6
Restricted cash 133.6 108.6
Accounts receivable, net 772.1 540.0
Prepaid and other current assets 619.7 530.6
Total current assets 3,601.4 3,178.8
PROPERTY AND EQUIPMENT, net 19,799.8 19,056.8
GOODWILL 12,245.5 11,768.1
OTHER INTANGIBLE ASSETS, net 14,963.1 14,474.3
DEFERRED TAX ASSET 157.0 122.7
DEFERRED RENT ASSET 3,779.5 3,710.2
RIGHT-OF-USE ASSET 8,383.7 8,089.6
NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS 824.5 676.9
TOTAL 63,754.5 61,077.4
CURRENT LIABILITIES:    
Accounts payable 229.7 240.8
Accrued expenses 1,144.7 1,082.0
Distributions payable 817.7 780.3
Accrued interest 347.4 373.6
Current portion of operating lease liability 613.6 576.7
Current portion of long-term obligations 2,290.8 3,693.0
Unearned revenue 419.7 329.2
Total current liabilities 5,863.6 7,075.6
LONG-TERM OBLIGATIONS 35,193.7 32,808.8
OPERATING LEASE LIABILITY 7,115.1 6,875.6
ASSET RETIREMENT OBLIGATIONS 2,525.0 2,393.8
DEFERRED TAX LIABILITY 1,546.0 1,262.0
OTHER NON-CURRENT LIABILITIES 1,032.2 1,012.9
Total liabilities 53,275.6 51,428.7
COMMITMENTS AND CONTINGENCIES
EQUITY (shares in thousands):    
Common stock: $0.01 par value; 1,000,000 shares authorized; 479,228 and 478,388 shares issued; and 468,224 and 467,384 shares outstanding, respectively 4.8 4.8
Additional paid-in capital 15,133.3 15,057.3
Distributions in excess of earnings (5,164.4) (4,424.1)
Accumulated other comprehensive loss (4,959.7) (5,954.6)
Treasury stock (11,004 shares at cost) (1,301.2) (1,301.2)
Total American Tower Corporation equity 3,712.8 3,382.2
Noncontrolling interests 6,766.1 6,266.5
Total equity 10,478.9 9,648.7
TOTAL $ 63,754.5 $ 61,077.4