AMT Q1 2023 Earnings — American Tower Corporation Revenue & Financial Results | Market Cap Arena

AMTAmerican Tower Corporation

$87B

Q1 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$2.8B+4.0% YoY

Gross Profit

$2.0B70.9% margin

Operating Income

$776M28.0% margin

Net Income

$336M12.1% margin

EPS (Diluted)

$0.72

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$609M

Stock-Based Comp.

$66M

Balance Sheet

Total Assets

$66.8B

Total Liabilities

$54.6B

Stockholders' Equity

$5.4B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.8B	$2.7B	+4.0%
Gross Profit	$2.0B	$1.9B	+5.4%
Operating Income	$776M	$725M	+7.0%
Net Income	$336M	$712M	-52.8%

Revenue Segments

Property

$2.7B98%

Services Revenue

$53M2%

Geographic Segments

UNITED STATES

$1.3B48%

Property, Latin America

$464M17%

Property, Africa

$317M11%

Property, Asia-Pacific

$251M9%

Property, Data Centers

$203M7%

Property, Europe

$192M7%