2014 Q2 Form 10-Q Financial Statement

#000119312514287223 Filed on July 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $1.031B $808.8M
YoY Change 27.52% 15.92%
Cost Of Revenue $9.091M $7.492M
YoY Change 21.34% 2.29%
Gross Profit $1.022B $801.3M
YoY Change 27.58% 16.07%
Gross Profit Margin 99.12% 99.07%
Selling, General & Admin $98.50M $99.80M
YoY Change -1.31% 29.87%
% of Gross Profit 9.63% 12.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $245.4M $184.6M
YoY Change 32.94% 7.33%
% of Gross Profit 24.0% 23.04%
Operating Expenses $98.50M $99.80M
YoY Change -1.31% 29.87%
Operating Profit $402.5M $312.8M
YoY Change 28.67% 15.65%
Interest Expense $146.2M $100.8M
YoY Change 45.05% 0.58%
% of Operating Profit 36.33% 32.23%
Other Income/Expense, Net -$159.0M -$240.1M
YoY Change -33.77% 12.75%
Pretax Income $243.5M $72.67M
YoY Change 235.04% 26.38%
Income Tax $21.80M -$11.45M
% Of Pretax Income 8.96% -15.75%
Net Earnings $234.4M $99.82M
YoY Change 134.85% 107.06%
Net Earnings / Revenue 22.73% 12.34%
Basic Earnings Per Share $0.58 $0.25
Diluted Earnings Per Share $0.58 $0.25
COMMON SHARES
Basic Shares Outstanding 395.9M shares 395.4M shares
Diluted Shares Outstanding 399.6M shares 399.5M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $298.0M $463.0M
YoY Change -35.64% -9.39%
Cash & Equivalents $283.0M $448.4M
Short-Term Investments $15.00M $14.00M
Other Short-Term Assets $472.0M $302.0M
YoY Change 56.29% 11.85%
Inventory
Prepaid Expenses $26.69M $29.66M
Receivables $174.6M $130.9M
Other Receivables $53.00M $50.00M
Total Short-Term Assets $998.4M $946.1M
YoY Change 5.54% 2.94%
LONG-TERM ASSETS
Property, Plant & Equipment $7.590B $5.811B
YoY Change 30.61% 14.4%
Goodwill $3.855B $2.832B
YoY Change 36.1% 4.33%
Intangibles $6.638B $3.214B
YoY Change 106.51% 25.07%
Long-Term Investments
YoY Change
Other Assets $515.2M $476.9M
YoY Change 8.02% -9.09%
Total Long-Term Assets $19.85B $13.39B
YoY Change 48.2% 13.6%
TOTAL ASSETS
Total Short-Term Assets $998.4M $946.1M
Total Long-Term Assets $19.85B $13.39B
Total Assets $20.85B $14.34B
YoY Change 45.39% 12.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $132.7M $91.02M
YoY Change 45.83% -54.8%
Accrued Expenses $422.6M $293.6M
YoY Change 43.94% -9.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.226B $57.35M
YoY Change 2037.74% -55.15%
Total Short-Term Liabilities $2.243B $781.0M
YoY Change 187.21% -13.84%
LONG-TERM LIABILITIES
Long-Term Debt $12.75B $8.799B
YoY Change 44.89% 19.91%
Other Long-Term Liabilities $890.0M $688.3M
YoY Change 29.29% 14.77%
Total Long-Term Liabilities $890.0M $688.3M
YoY Change 29.29% 14.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.243B $781.0M
Total Long-Term Liabilities $890.0M $688.3M
Total Liabilities $16.44B $10.72B
YoY Change 53.36% 16.22%
SHAREHOLDERS EQUITY
Retained Earnings -$911.2M -$1.136B
YoY Change -19.78% -17.6%
Common Stock $3.988M $3.969M
YoY Change 0.48% 0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $207.7M $137.4M
YoY Change 51.25% 1167.33%
Treasury Stock Shares 2.810M shares 1.824M shares
Shareholders Equity $4.406B $3.518B
YoY Change
Total Liabilities & Shareholders Equity $20.85B $14.34B
YoY Change 45.39% 12.83%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $234.4M $99.82M
YoY Change 134.85% 107.06%
Depreciation, Depletion And Amortization $245.4M $184.6M
YoY Change 32.94% 7.33%
Cash From Operating Activities $595.8M $390.5M
YoY Change 52.57% 8.2%
INVESTING ACTIVITIES
Capital Expenditures -$252.3M -$156.7M
YoY Change 61.01% 48.67%
Acquisitions
YoY Change
Other Investing Activities -$293.4M -$68.50M
YoY Change 328.32% -81.5%
Cash From Investing Activities -$545.7M -$225.2M
YoY Change 142.32% -52.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.30M -129.5M
YoY Change -25.64% -190.62%
NET CHANGE
Cash From Operating Activities 595.8M 390.5M
Cash From Investing Activities -545.7M -225.2M
Cash From Financing Activities -96.30M -129.5M
Net Change In Cash -46.20M 35.80M
YoY Change -229.05% 26.95%
FREE CASH FLOW
Cash From Operating Activities $595.8M $390.5M
Capital Expenditures -$252.3M -$156.7M
Free Cash Flow $848.1M $547.2M
YoY Change 54.99% 17.35%

Facts In Submission

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CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
313000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
478000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
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406000 USD
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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1033000 USD
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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674000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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1289000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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4222000 USD
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2193898000 USD
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412500000 USD
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207400000 USD
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403300000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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405400000 USD
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407500000 USD
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409800000 USD
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Goodwill Acquired During Period
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us-gaap Goodwill Impairment Loss
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12000 USD
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243461000 USD
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72666000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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454423000 USD
us-gaap Income Tax Expense Benefit
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10229000 USD
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us-gaap Increase Decrease In Restricted Cash For Operating Activities
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27961000 USD
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117632000 USD
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700000 USD
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291000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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299000 USD
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Income Loss
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364000 USD
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99821000 USD
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230056000 USD
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271228000 USD
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432555000 USD
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us-gaap Nonoperating Income Expense
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402499000 USD
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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345000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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456000 USD
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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us-gaap Other Nonoperating Income Expense
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Short Term Investments
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36881000 USD
us-gaap Payments To Acquire Short Term Investments
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332684000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
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PreferredStockDividendsAndOtherAdjustments
4375000 USD
CY2013Q2 us-gaap Preferred Stock Dividends And Other Adjustments
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us-gaap Preferred Stock Dividends And Other Adjustments
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3033000 USD
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16000000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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us-gaap Proceeds From Issuance Of Secured Debt
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us-gaap Proceeds From Issuance Of Secured Debt
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us-gaap Repayments Of Long Term Debt And Capital Securities
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us-gaap Repayments Of Long Term Debt And Capital Securities
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2938699000 USD
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158992000 USD
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amt Business Combination Pro Forma Information Gross Margin Of Acquiree Since Acquisition Date Actual
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CY2014Q2 amt Foreigncurrencytransactiongainlossin Aoc Iand Income Statement
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amt Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
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22600000000 INR
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369000000 USD
CY2014Q2 amt Interest Income Excluding Separately Disclosed Interest Income
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amt Interest Income Excluding Separately Disclosed Interest Income
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amt Noncash Conversion Of Third Party Debt To Equity
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7750000 USD
amt Noncash Conversion Of Third Party Debt To Equity
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amt Paid Dividend Rsu
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CY2014Q2 amt Prepaid Operating Ground Leases
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amt Proceeds From Sale Of Available For Sale Securities And Other Productive Assets
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CY2013Q2 amt Segment Reporting Segment Gross Profit
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amt Settlement Of Accounts Receivable Due To Acquisition
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amt Settlement Of Accounts Receivable Due To Acquisition
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amt Weighted Average Remaining Amortization Period
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001053507
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
396144247 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
AMERICAN TOWER CORP /MA/

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