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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 2,103.7 $ 1,999.6
Restricted cash 135.5 108.6
Accounts receivable, net 683.3 540.0
Prepaid and other current assets 583.6 530.6
Total current assets 3,506.1 3,178.8
PROPERTY AND EQUIPMENT, net 19,266.0 19,056.8
GOODWILL 11,921.5 11,768.1
OTHER INTANGIBLE ASSETS, net 14,642.5 14,474.3
DEFERRED TAX ASSET 133.0 122.7
DEFERRED RENT ASSET 3,728.1 3,710.2
RIGHT-OF-USE ASSET 8,166.6 8,089.6
NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS 691.8 676.9
TOTAL 62,055.6 61,077.4
CURRENT LIABILITIES:    
Accounts payable 199.6 240.8
Accrued expenses 1,121.1 1,082.0
Distributions payable 816.2 780.3
Accrued interest 325.2 373.6
Current portion of operating lease liability 592.5 576.7
Current portion of long-term obligations 2,816.9 3,693.0
Unearned revenue 450.5 329.2
Total current liabilities 6,322.0 7,075.6
LONG-TERM OBLIGATIONS 34,045.4 32,808.8
OPERATING LEASE LIABILITY 6,928.8 6,875.6
ASSET RETIREMENT OBLIGATIONS 2,445.3 2,393.8
DEFERRED TAX LIABILITY 1,357.9 1,262.0
OTHER NON-CURRENT LIABILITIES 1,019.9 1,012.9
Total liabilities 52,119.3 51,428.7
COMMITMENTS AND CONTINGENCIES
EQUITY (shares in thousands):    
Common stock: $0.01 par value; 1,000,000 shares authorized; 479,131 and 478,388 shares issued; and 468,127 and 467,384 shares outstanding, respectively 4.8 4.8
Additional paid-in capital 15,077.7 15,057.3
Distributions in excess of earnings (4,732.5) (4,424.1)
Accumulated other comprehensive loss (5,514.0) (5,954.6)
Treasury stock (11,004 shares at cost) (1,301.2) (1,301.2)
Total American Tower Corporation equity 3,534.8 3,382.2
Noncontrolling interests 6,401.5 6,266.5
Total equity 9,936.3 9,648.7
TOTAL $ 62,055.6 $ 61,077.4