American Tower (AMT) FY2024 results: revenue $10.1 billion, up 1.1% on the year
American Tower Corp. (AMT) reported revenue of $10.1 billion for fiscal 2024, the year ended 31 December 2024, up 1.1% on the year before. Net income was $2.3 billion, up 52.0%, and diluted earnings per share $4.82. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$10.1 billion
+1.1% on the year
FY2017FY2024
Operating margin
44.6%
31.2% a year earlier
FY2017FY2024
Net income
$2.3 billion
+52.0% on the year
FY2017FY2024
Diluted EPS
$4.82
+51.6% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
5,290
4,722
3,696
+12.0%
Capital expenditure
1,590
1,798
1,874
-11.6%
Free cash flow
3,700
2,924
1,823
+26.5%
Free cash flow margin
36.5%
29.2%
18.9%
Cash from investing
411
-1,696
-2,355
Cash from financing
-5,452
-3,097
-1,423
Depreciation and amortisation
2,029
2,928
3,165
-30.7%
Share-based compensation
204
196
169
+4.0%
Buybacks
0.0
0.0
18.8
Dividends paid
3,027
3,007
2,715
+0.7%
Dividend per share
$6.56
$6.31
$5.86
+4.0%
Diluted shares, weighted
468m
467m
463m
+0.2%
Shares outstanding at period end
467m
466m
466m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,382
4,198
5,572
-19.4%
Non-controlling interest
6,266
6,667
6,836
-6.0%
Debt
36,502
38,801
38,902
-5.9%
Operating lease liabilities
6,876
6,815
7,592
+0.9%
Finance lease liabilities
14.0
17.2
23.1
-18.6%
Other liabilities
8,037
9,528
8,269
-15.6%
Total liabilities and equity
61,077
66,028
67,194
-7.5%
Goodwill
11,768
12,084
12,075
-2.6%
Intangible assets
14,474
15,932
17,983
-9.2%
Cash and equivalents
2,000
1,754
1,549
+14.0%
Receivables
540
548
758
-1.4%
Other assets
32,295
35,711
34,829
-9.6%
Total assets
61,077
66,028
67,194
-7.5%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.