AMT Q3 2023 Earnings — American Tower Corporation Revenue & Financial Results | Market Cap Arena

AMTAmerican Tower Corporation

$87B

Q3 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$2.5B-5.6% YoY

Gross Profit

$1.9B74.7% margin

Operating Income

$913M36.2% margin

Net Income

$587M23.3% margin

EPS (Diluted)

$1.26

QoQ Revenue Growth

-9.0%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$910M

Stock-Based Comp.

$43M

Balance Sheet

Total Assets

$65.7B

Total Liabilities

$54.4B

Stockholders' Equity

$4.5B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.5B	$2.7B	-5.6%
Gross Profit	$1.9B	$1.8B	+2.6%
Operating Income	$913M	$653M	+39.8%
Net Income	$587M	$840M	-30.1%

Revenue Segments

Property

$2.8B99%

Services Revenue

$26M1%

Geographic Segments

UNITED STATES

$1.4B48%

Property, Latin America

$460M16%

Property, Asia-Pacific

$302M11%

Property, Africa

$294M10%

Property, Data Centers

$212M8%

Property, Europe

$200M7%