American Tower (AMT) FY2021 results: revenue $9.4 billion, up 16.4% on the year
American Tower Corp. (AMT) reported revenue of $9.4 billion for fiscal 2021, the year ended 31 December 2021, up 16.4% on the year before. Net income was $2.6 billion, up 51.9%, and diluted earnings per share $5.66. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$9.4 billion
+16.4% on the year
FY2014FY2021
Operating margin
33.5%
35.9% a year earlier
FY2014FY2021
Net income
$2.6 billion
+51.9% on the year
FY2014FY2021
Diluted EPS
$5.66
+49.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,820
3,881
3,753
+24.2%
Capital expenditure
1,377
1,032
991
+33.4%
Free cash flow
3,443
2,850
2,761
+20.8%
Free cash flow margin
36.8%
35.4%
36.4%
Cash from investing
-20,692
-4,785
-3,988
Cash from financing
16,424
1,215
522
+1,251.5%
Depreciation and amortisation
2,333
1,882
1,778
+23.9%
Share-based compensation
120
121
111
-1.1%
Buybacks
0.0
56.0
19.6
Dividends paid
2,271
1,928
1,603
+17.8%
Diluted shares, weighted
453m
446m
446m
+1.6%
Shares outstanding at period end
456m
444m
443m
+2.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,081
4,094
5,055
+24.1%
Non-controlling interest
3,988
475
435
+739.8%
Redeemable equity
0.0
212
1,096
Debt
43,498
29,288
24,055
+48.5%
Operating lease liabilities
8,042
6,884
6,510
+16.8%
Finance lease liabilities
24.9
23.0
24.0
+8.3%
Other liabilities
9,254
6,258
5,625
+47.9%
Total liabilities and equity
69,888
47,234
42,802
+48.0%
Goodwill
13,350
7,283
6,178
+83.3%
Intangible assets
20,727
13,840
12,318
+49.8%
Cash and equivalents
1,950
1,746
1,501
+11.7%
Receivables
729
512
462
+42.5%
Other assets
33,132
23,853
22,342
+38.9%
Total assets
69,888
47,234
42,802
+48.0%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.