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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 1,950.7 $ 1,999.6
Restricted cash 150.1 108.6
Accounts receivable, net 737.0 540.0
Prepaid and other current assets 697.6 530.6
Total current assets 3,535.4 3,178.8
PROPERTY AND EQUIPMENT, net 20,135.1 19,056.8
GOODWILL 12,255.5 11,768.1
OTHER INTANGIBLE ASSETS, net 14,742.4 14,474.3
DEFERRED TAX ASSET 166.0 122.7
DEFERRED RENT ASSET 3,812.8 3,710.2
RIGHT-OF-USE ASSET 8,420.1 8,089.6
NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS 821.4 676.9
TOTAL 63,888.7 61,077.4
CURRENT LIABILITIES:    
Accounts payable 239.0 240.8
Accrued expenses 1,225.4 1,082.0
Distributions payable 820.6 780.3
Accrued interest 267.8 373.6
Current portion of operating lease liability 615.4 576.7
Current portion of long-term obligations 2,387.7 3,693.0
Unearned revenue 437.6 329.2
Total current liabilities 5,993.5 7,075.6
LONG-TERM OBLIGATIONS 34,851.2 32,808.8
OPERATING LEASE LIABILITY 7,156.9 6,875.6
ASSET RETIREMENT OBLIGATIONS 2,540.0 2,393.8
DEFERRED TAX LIABILITY 1,513.4 1,262.0
OTHER NON-CURRENT LIABILITIES 1,067.8 1,012.9
Total liabilities 53,122.8 51,428.7
COMMITMENTS AND CONTINGENCIES
EQUITY (shares in thousands):    
Common stock: $0.01 par value; 1,000,000 shares authorized; 479,295 and 478,388 shares issued; and 468,291 and 467,384 shares outstanding, respectively 4.8 4.8
Additional paid-in capital 15,178.1 15,057.3
Distributions in excess of earnings (5,111.3) (4,424.1)
Accumulated other comprehensive loss (4,817.7) (5,954.6)
Treasury stock (11,004 shares at cost) (1,301.2) (1,301.2)
Total American Tower Corporation equity 3,952.7 3,382.2
Noncontrolling interests 6,813.2 6,266.5
Total equity 10,765.9 9,648.7
TOTAL $ 63,888.7 $ 61,077.4