American Tower Cash Flow Statement
AMT / Real Estate|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
American Tower generated $5.5B in operating cash flow and $3.8B in free cash flow in FY2025. Free cash flow margin was 35.5% of revenue.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.32 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $2.6B | $2.3B | $2.6B | $1.7B | $2.6B | $1.7B | $1.9B | $1.2B | $1.2B | $275.2M | $685.1M | $824.9M | $551.3M | $372.9M | $246.6M |
| Depreciation & Amortization | $1.1B | - | $1.0B | - | - | - | - | $883.1M | $835.5M | - | - | - | - | $286.0M | $258.9M |
| Operating Cash Flow | $5.5B | $5.3B | $4.8B | $3.7B | $4.8B | $3.9B | $3.8B | $3.7B | $2.9B | $2.7B | $2.2B | $2.1B | $1.6B | $1.0B | $842.1M |
| Capital Expenditures | $1.7B | $1.6B | $1.4B | $1.9B | $1.4B | $1.0B | $991.3M | $913.2M | $803.6M | $682.5M | $728.8M | $974.4M | $724.5M | $346.7M | $250.3M |
| Free Cash Flow | $3.8B | $3.7B | $3.4B | $1.8B | $3.4B | $2.8B | $2.8B | $2.8B | $2.1B | $2.0B | $1.5B | $1.2B | $874.5M | $674.3M | $591.9M |
| Share Buybacks | $364.6M | $0 | $0 | $18.8M | $0 | $56.0M | $19.6M | $232.8M | $766.3M | - | $0 | $0 | $145.0M | $430.6M | $213.3M |
| Dividends Paid | $3.2B | $3.0B | $2.3B | $2.7B | $2.3B | $1.9B | $1.6B | $1.3B | $1.1B | $886.1M | $710.9M | $404.6M | $434.7M | $0 | $0 |
| FCF Margin | 35.5% | 36.5% | 36.8% | 18.9% | 36.8% | 35.4% | 36.4% | 38.1% | 31.8% | 156.8% | 30.5% | 28.3% | 26.0% | 34.0% | 34.3% |