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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES:        
Total operating revenues $ 2,522.3 $ 2,521.1 $ 7,579.6 $ 7,556.1
Costs of operations (exclusive of items shown separately below):        
Property 626.9 625.5 1,859.2 1,877.0
Depreciation, amortization and accretion 498.5 723.2 1,527.9 2,203.6
Selling, general, administrative and development expense 227.7 220.3 690.3 700.8
Other operating expense 5.1 26.6 5.0 213.2
Total operating expenses 1,383.1 1,608.1 4,143.2 5,043.4
OPERATING INCOME 1,139.2 913.0 3,436.4 2,512.7
OTHER INCOME (EXPENSE):        
Interest income 37.7 33.3 103.1 85.0
Interest expense (356.8) (356.5) (1,083.3) (1,040.6)
Loss on retirement of long-term obligations 0.0 0.0 0.0 (0.3)
Other (expense) income (including foreign currency (losses) gains of $(337.4), $239.0, $(231.4) and $47.1 respectively) (269.6) 234.5 (137.1) 41.3
Total other expense (588.7) (88.7) (1,117.3) (914.6)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 550.5 824.3 2,319.1 1,598.1
Income tax provision (122.4) (49.5) (291.1) (98.4)
NET INCOME FROM CONTINUING OPERATIONS 428.1 774.8 2,028.0 1,499.7
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES (1,208.5) (197.5) (978.3) (145.9)
NET (LOSS) INCOME (780.4) 577.3 1,049.7 1,353.8
Net (income) loss attributable to noncontrolling interests (11.9) 9.6 (24.3) 44.6
NET (LOSS) INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, BASIC (792.3) 586.9 1,025.4 1,398.4
NET (LOSS) INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, DILUTED (792.3) 586.9 1,025.4 1,398.4
NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, BASIC 416.2 784.4 2,003.7 1,544.3
NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, DILUTED 416.2 784.4 2,003.7 1,544.3
NET LOSS FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, BASIC (1,208.5) (197.5) (978.3) (145.9)
NET LOSS FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, DILUTED $ (1,208.5) $ (197.5) $ (978.3) $ (145.9)
NET INCOME PER COMMON SHARE AMOUNTS:        
Basic net income from continuing operations attributable to American Tower Corporation common stockholders (in dollars per share) $ 0.89 $ 1.68 $ 4.29 $ 3.31
Basic net loss from discontinued operations attributable to American Tower Corporation common stockholders (in dollars per share) (2.59) (0.42) (2.10) (0.31)
Basic net (loss) income attributable to American Tower Corporation common stockholders (in dollars per share) (1.70) 1.26 2.20 3.00
Diluted net income from continuing operations attributable to American Tower Corporation common stockholders (in dollars per share) 0.89 1.68 4.28 3.31
Diluted net loss from discontinued operations attributable to American Tower Corporation common stockholders (in dollars per share) (2.58) (0.42) (2.09) (0.31)
Diluted net (loss) income attributable to American Tower Corporation common stockholders (in dollars per share) $ (1.69) $ 1.26 $ 2.19 $ 2.99
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands):        
BASIC (in shares) 467,196 466,168 466,919 466,000
DILUTED (in shares) 468,261 467,161 468,001 467,034
Property        
REVENUES:        
Total operating revenues $ 2,469.9 $ 2,494.9 $ 7,449.6 $ 7,434.1
Services        
REVENUES:        
Total operating revenues 52.4 26.2 130.0 122.0
Costs of operations (exclusive of items shown separately below):        
Services $ 24.9 $ 12.5 $ 60.8 $ 48.8