American Tower Corporation (AMT)

AMT Cash Flow Statement

Operating, investing, and financing cash flow analysis

AMT Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	5.570B	1.401B	1.427B	1.460B	1.282B	1.295B	1.199B	1.469B	1.339B
Net Income	2.878B	836.800M	821.000M	853.300M	366.800M	488.700M	1.230B	-792.300M	900.300M
Depreciation & Amortization	2.084B	515.900M	535.000M	522.900M	510.300M	492.500M	500.900M	512.800M	561.700M
Stock-Based Compensation	179.200M	58.400M	31.600M	41.900M	47.300M	53.400M	41.900M	50.500M	46.300M
Change in Accounts Receivable	2.810B	650.300M	650.300M	737.000M	772.100M	683.300M	540.000M	537.800M	712.300M
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	-357.300M	-89.800M	-116.400M	-5.500M	-145.600M	-116.400M	-49.300M	89.900M	-207.700M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-1.799B	-449.500M	-579.200M	-465.500M	-304.600M	-331.100M	-443.400M	-424.700M	-325.200M
Acquisitions	-215.300M	-19.200M	-34.000M	-87.900M	-74.200M	-147.600M	-8.100M	2.099B	-10.300M
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-540.800M	-176.200M	-364.600M	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-2.389B	0.00	-796.200M	-796.300M	-796.200M	-768.500M	-758.000M	-757.700M	-757.100M
Free Cash Flow (FCF)	3.771B	951.100M	848.300M	994.500M	976.900M	963.900M	755.600M	1.045B	1.013B
Net Change in Cash	-501.300M	132.700M	-495.600M	-108.800M	-29.600M	131.000M	-174.000M	-336.400M	101.900M

AMT Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	5.464B	5.290B	4.722B	3.696B	4.820B	3.881B	3.753B	3.748B
Net Income	2.530B	2.255B	1.483B	1.766B	2.568B	1.691B	1.888B	1.236B
Depreciation & Amortization	2.061B	2.125B	3.087B	3.355B	2.333B	1.882B	1.778B	2.111B
Stock-Based Compensation	174.200M	203.600M	195.700M	169.300M	119.500M	120.800M	111.400M	137.500M
Change in Accounts Receivable	650.300M	540.000M	547.500M	758.300M	728.900M	511.600M	462.200M	459.000M
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	-166.600M	-386.500M	-813.900M	-1.619B	102.100M	-423.600M	-250.400M	-14.000M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-1.680B	-1.590B	-1.798B	-1.874B	-1.377B	-1.032B	-991.300M	-913.200M
Acquisitions	-306.100M	2.036B	-168.000M	-549.000M	-19.304B	-3.799B	-2.960B	-1.881B
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-364.600M	0.00	0.00	-18.800M	0.00	-56.000M	-19.600M	-232.800M
Dividends Paid	-3.157B	-3.075B	-2.949B	-2.630B	-2.271B	-1.928B	-1.603B	-1.342B
Free Cash Flow (FCF)	3.784B	3.700B	2.924B	1.823B	3.443B	2.850B	2.761B	2.835B
Net Change in Cash	-503.000M	14.800M	-47.300M	-202.600M	481.900M	283.400M	273.100M	350.000M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About American Tower Corporation

American Tower Corporation, a prominent global Real Estate Investment Trust (REIT), stands as a premier independent entity specializing in the ownership, operation, and development of shared telecommunications infrastructure. The company manages an extensive portfolio of approximately 219,000 communication sites worldwide. For additional details, including earnings materials and investor presentations, please visit their investor relations website at www.americantower.com.

Boston, MA

4,691 employees

www.americantower.com

Real Estate / REIT - Specialty

Sector: Real Estate
Industry: REIT - Specialty
CEO: Steven O. Vondran

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