AMTAmerican Tower Corporation

$86B

Q2 2019 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$1.9B+6.1% YoY

Gross Profit

$1.3B70.2% margin

Operating Income

$684M36.2% margin

Net Income

$429M22.7% margin

EPS (Diluted)

$0.96

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$793M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$39.1B

Total Liabilities

$32.4B

Stockholders' Equity

$5.5B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.9B	$1.8B	+6.1%
Gross Profit	$1.3B	$1.2B	+8.7%
Operating Income	$684M	$546M	+25.3%
Net Income	$429M	$307M	+39.9%

Revenue Segments

Property

$1.8B98%

Services Revenue

$41M2%

Geographic Segments

Property

$1.8B98%

Services Revenue

$41M2%

AMT Q2 2019 Earnings — American Tower Corporation Revenue & Financial Results | Market Cap Arena