American Tower Corporation (AMT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 1.4B | 1.43B | 1.46B | 1.28B | 1.29B | 1.2B | 1.47B | 1.34B | 1.28B | 1.14B | 1.3B | 1.21B | 1.07B | 1.19B | 932.3M | 915.3M | 663.6M | 678.9M | 2.1B | 951.9M |
| Operating CF Growth % | 8.15% | 19.06% | -0.64% | -4.26% | 0.89% | 5% | 12.98% | 10.67% | 19.91% | -3.64% | 39.5% | 32.13% | 61.32% | 74.55% | -55.53% | -3.84% | -39.27% | -40.04% | 118.31% | -3.73% |
| Operating CF / Revenue % | 51.16% | 52.14% | 53.73% | 48.78% | 50.53% | 47.06% | 58.26% | 46.15% | 45.29% | 40.98% | 51.59% | 43.63% | 38.69% | 43.81% | 34.9% | 34.23% | 24.94% | 27.76% | 85.42% | 41.41% |
| Net Income | 859.5M | 836.8M | 912.6M | 380.5M | 498.6M | 1.23B | -780.4M | 908.4M | 921.7M | 13.3M | 577.3M | 461.5M | 315M | -716.6M | 819.7M | 890.9M | 702.7M | 441.2M | 726.2M | 747.9M |
| Depreciation & Amortization | 518.2M | 515.9M | 522.9M | 510.3M | 492.5M | 500.9M | 512.8M | 561.7M | 549.4M | 764.9M | 762.9M | 764.6M | 794.1M | 814.7M | 898.1M | 826.5M | 815.8M | 643.9M | 611.4M | 554.8M |
| Stock-Based Compensation | 58.4M | 31.6M | 41.9M | 47.3M | 53.4M | 41.9M | 50.5M | 46.3M | 64.9M | 37.7M | 43.1M | 49.4M | 65.5M | 31.2M | 39.2M | 42.2M | 56.7M | 21.5M | 28.1M | 31.9M |
| Other Non-Cash Items | 54.3M | 159.6M | -11.9M | 489M | 366.9M | -525M | 1.6B | 29.8M | -33M | 533.3M | 50.1M | 113.2M | 190.4M | 1.2B | -448.6M | -403.2M | -259.4M | -33.4M | -132.5M | -111M |
| Working Capital Changes | -89.8M | -116.4M | -5.5M | -145.6M | -116.4M | -49.3M | 89.9M | -207.7M | -219.4M | -207.3M | -132.8M | -179.3M | -294.5M | -140.5M | -376.1M | -441.1M | -652.2M | -394.3M | 863.2M | -271.7M |
| Cash from Investing | -473.7M | -468.1M | -550.5M | -380.6M | -350.1M | -360.7M | 1.3B | -89.2M | -436.1M | -529.9M | -449.1M | -439.7M | -276.8M | -849M | -602.7M | -390.4M | -513.1M | -10.17B | -1.02B | -9.07B |
| Acquisitions (Net) | -19.2M | -34M | -87.9M | -74.2M | -147.6M | -8.1M | 2.1B | -10.3M | -44.7M | -16.1M | -60.7M | -30.3M | -60.9M | -189.9M | -140.8M | -89.7M | -128.6M | -9.71B | -712.7M | -8.77B |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 137.7M | 0 | 1.7M | 245.5M | 6M | 4.3M | 6.1M | 3.8M | 3.1M | 3.6M | 6.8M | 6M | 3.2M | 500K | 5.9M | 3.5M |
| Other Investing | -5M | 145.1M | 2.9M | -1.8M | -9.1M | 90.8M | -379.3M | 800K | -700K | 6.5M | -3.8M | 7.7M | 242.9M | -4.5M | -9.5M | 63.4M | -1.6M | 400K | 1.9M | -24.7M |
| Cash from Financing | -831M | -1.44B | -1.01B | -1.02B | -843.8M | -908.5M | -3.13B | -1.03B | -390.2M | -815.9M | -707.7M | -561.2M | -1.01B | -462.7M | -205.1M | -504.5M | -250.9M | 8.14B | 695.8M | 8.07B |
| Dividends Paid | 0 | -796.2M | -796.3M | -796.2M | -768.5M | -758M | -757.7M | -757.1M | -802.1M | -756.1M | -731.9M | -727.7M | -733.6M | -684.5M | -665.8M | -638.9M | -641.2M | -596.6M | -578M | -551.5M |
| Common Dividends | 0 | -796.2M | -796.3M | -796.2M | -768.5M | -758M | -757.7M | -757.1M | -802.1M | -756.1M | -731.9M | -727.7M | -733.6M | -684.5M | -665.8M | -638.9M | -641.2M | -596.6M | -578M | -551.5M |
| Debt Issuance (Net) | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Share Repurchases | -176.2M | -364.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -888.7M | -256.5M | -4M | -98.7M | -103.8M | -145.5M | -186.5M | -47.8M | -125.8M | -27.8M | -37.4M | -45.5M | -76.2M | 565.1M | 2.49B | 24.2M | -50.6M | -202.9M | 98.9M | -6.74B |
| Net Change in Cash | 132.7M | -495.6M | -108.8M | -29.6M | 131M | -174M | -336.4M | 101.9M | 423.3M | -138.2M | 82.2M | 224M | -215.3M | -108.9M | 46.5M | -68.3M | -71.9M | -1.36B | 1.7B | 7.5M |
| Exchange Rate Effect | 36.8M | -11.2M | -4.1M | 86.7M | 29.9M | -103.8M | 23.4M | -119.5M | -34M | 65.7M | -61.6M | 15.5M | 3.6M | 17.8M | -78M | -88.7M | 28.5M | -8.9M | -74.8M | 55.5M |
| Cash at Beginning | 1.61B | 2.1B | 2.21B | 2.24B | 2.11B | 2.28B | 2.62B | 2.52B | 2.09B | 2.23B | 2.15B | 1.93B | 2.14B | 2.25B | 2.2B | 2.27B | 2.34B | 3.7B | 2B | 1.99B |
| Cash at End | 1.74B | 1.61B | 2.1B | 2.21B | 2.24B | 2.11B | 2.28B | 2.62B | 2.52B | 2.09B | 2.23B | 2.15B | 1.93B | 2.14B | 2.25B | 2.2B | 2.27B | 2.34B | 3.7B | 2B |
| Free Cash Flow | 951.1M | 848.3M | 994.5M | 976.9M | 963.9M | 755.6M | 1.04B | 1.01B | 886.9M | 617.3M | 909.9M | 788.5M | 608.6M | 526.8M | 473.1M | 545.2M | 277.5M | 218.9M | 1.78B | 674M |
| FCF Growth % | -1.33% | 12.27% | -4.81% | -3.59% | 8.68% | 22.4% | 14.81% | 28.51% | 45.73% | 17.18% | 92.33% | 44.63% | 119.32% | 140.66% | -73.46% | -19.11% | -63.86% | -71.55% | 148.8% | -13.4% |
| FCF / Revenue % | 34.74% | 30.98% | 36.6% | 37.19% | 37.61% | 29.66% | 41.42% | 34.94% | 31.29% | 22.15% | 36.09% | 28.45% | 21.99% | 19.48% | 17.71% | 20.39% | 10.43% | 8.95% | 72.62% | 29.32% |