AMT Q2 2023 Earnings — American Tower Corporation Revenue & Financial Results | Market Cap Arena

AMTAmerican Tower Corporation

$87B

Q2 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$2.8B+3.6% YoY

Gross Profit

$1.9B70.2% margin

Operating Income

$874M31.5% margin

Net Income

$476M17.2% margin

EPS (Diluted)

$1.02

QoQ Revenue Growth

+0.2%

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

$789M

Stock-Based Comp.

$49M

Balance Sheet

Total Assets

$66.9B

Total Liabilities

$54.9B

Stockholders' Equity

$5.2B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.8B	$2.7B	+3.6%
Gross Profit	$1.9B	$1.9B	+5.0%
Operating Income	$874M	$782M	+11.7%
Net Income	$476M	$898M	-47.0%

Revenue Segments

Property

$2.7B98%

Services Revenue

$43M2%

Geographic Segments

UNITED STATES

$1.3B49%

Property, Latin America

$439M16%

Property, Africa

$321M12%

Property, Asia-Pacific

$262M9%

Property, Data Centers

$205M7%

Property, Europe

$198M7%