American Tower (AMT) FY2022 results: revenue $9.6 billion, up 3.1% on the year
American Tower Corp. (AMT) reported revenue of $9.6 billion for fiscal 2022, the year ended 31 December 2022, up 3.1% on the year before. Net income was $1.8 billion, down 31.2%, and diluted earnings per share $3.82. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$9.6 billion
+3.1% on the year
FY2015FY2022
Operating margin
28.4%
33.5% a year earlier
FY2015FY2022
Net income
$1.8 billion
-31.2% on the year
FY2015FY2022
Diluted EPS
$3.82
-32.5% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,696
4,820
3,881
-23.3%
Capital expenditure
1,874
1,377
1,032
+36.1%
Free cash flow
1,823
3,443
2,850
-47.1%
Free cash flow margin
18.9%
36.8%
35.4%
Cash from investing
-2,355
-20,692
-4,785
Cash from financing
-1,423
16,424
1,215
Depreciation and amortisation
3,165
2,333
1,882
+35.7%
Share-based compensation
169
120
121
+41.7%
Buybacks
18.8
0.0
56.0
Dividends paid
2,715
2,271
1,928
+19.6%
Dividend per share
$5.86
n/a
n/a
Diluted shares, weighted
463m
453m
446m
+2.1%
Shares outstanding at period end
466m
456m
444m
+2.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,572
5,081
4,094
+9.7%
Non-controlling interest
6,836
3,988
475
+71.4%
Redeemable equity
n/a
0.0
212
Debt
38,902
43,498
29,288
-10.6%
Operating lease liabilities
7,592
8,042
6,884
-5.6%
Finance lease liabilities
23.1
24.9
23.0
-7.2%
Other liabilities
8,269
9,254
6,258
-10.6%
Total liabilities and equity
67,194
69,888
47,234
-3.9%
Goodwill
12,075
13,350
7,283
-9.6%
Intangible assets
17,983
20,727
13,840
-13.2%
Cash and equivalents
1,549
1,950
1,746
-20.6%
Receivables
758
729
512
+4.0%
Other assets
34,829
33,132
23,853
+5.1%
Total assets
67,194
69,888
47,234
-3.9%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.