v3.24.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES:        
Total operating revenues $ 2,900.3 $ 2,771.7 $ 5,734.4 $ 5,538.9
Costs of operations (exclusive of items shown separately below):        
Property 799.9 810.1 1,574.3 1,597.1
Depreciation, amortization and accretion 561.7 764.6 1,111.1 1,558.7
Selling, general, administrative and development expense 234.3 244.4 491.3 508.3
Other operating (income) expense (1.9) 61.7 0.9 189.2
Total operating expenses 1,616.0 1,898.0 3,213.5 3,889.6
OPERATING INCOME 1,284.3 873.7 2,520.9 1,649.3
OTHER INCOME (EXPENSE):        
Interest income 43.7 30.6 91.7 61.4
Interest expense (365.4) (348.1) (732.1) (688.3)
Loss on retirement of long-term obligations 0.0 (0.3) 0.0 (0.3)
Other income (expense) (including foreign currency (losses) gains of $(21.7), $(107.6), $105.9 and $(191.7) respectively) 65.8 (81.2) 178.8 (179.0)
Total other expense (255.9) (399.0) (461.6) (806.2)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,028.4 474.7 2,059.3 843.1
Income tax provision (120.0) (13.2) (229.2) (66.6)
NET INCOME 908.4 461.5 1,830.1 776.5
Net (income) loss attributable to noncontrolling interests (8.1) 14.2 (12.4) 35.0
NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, BASIC 900.3 475.7 1,817.7 811.5
NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, DILUTED $ 900.3 $ 475.7 $ 1,817.7 $ 811.5
NET INCOME PER COMMON SHARE AMOUNTS:        
Basic net income attributable to American Tower Corporation common stockholders (in dollars per share) $ 1.93 $ 1.02 $ 3.89 $ 1.74
Diluted net income attributable to American Tower Corporation common stockholders (in dollars per share) $ 1.92 $ 1.02 $ 3.89 $ 1.74
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands):        
BASIC (in shares) 467,038 466,087 466,778 465,915
DILUTED (in shares) 467,781 466,979 467,793 466,939
Property        
REVENUES:        
Total operating revenues $ 2,852.9 $ 2,728.6 $ 5,656.8 $ 5,443.1
Services        
REVENUES:        
Total operating revenues 47.4 43.1 77.6 95.8
Costs of operations (exclusive of items shown separately below):        
Services $ 22.0 $ 17.2 $ 35.9 $ 36.3