American Tower balance sheet

At the end of fiscal 2025, American Tower had total assets of $63.19bn, total liabilities of $52.84bn and shareholders' equity of $3.65bn. It held $1.47bn in cash against $37.22bn of debt: net debt of $35.75bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

American Tower: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	0.2	0.9	0.3	0.4	0.3	0.3	0.3	0.8	0.8	1.2	1.5	1.7	1.9	1.5	1.8	2.0	1.5	1.9
Receivables	0.1	0.1	0.1	0.1	0.2	0.2	0.2	0.3	0.5	0.5	0.5	0.5	0.7	0.8	0.5	0.5	0.7	0.6
Total current assets	0.7	1.4	0.8	0.8	1.0	1.0	1.0	1.7	2.0	2.4	2.6	2.9	3.7	3.6	3.7	3.2	2.7	3.2
Goodwill	2.3	2.5	2.7	2.8	3.9	4.0	4.1	5.1	5.6	5.5	6.2	7.3	13.4	12.1	12.1	11.8	12.3	12.1
Total assets	8.5	10.4	12.2	14.1	20.2	21.3	26.9	30.9	33.2	33.0	42.8	47.2	69.9	67.2	66.0	61.1	63.2	63.0
Accounts payable	—	0.1	0.2	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.3	0.2	0.3	0.2	0.3	0.2
Deferred revenue (current)	0.1	0.1	0.1	0.1	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.4	1.2	0.4	0.4	0.3	0.3	0.4
Total current liabilities	0.4	0.5	0.8	0.6	0.9	1.9	1.2	1.6	2.5	4.7	5.5	3.7	9.1	8.3	7.2	7.1	6.9	8.9
Short-term debt	0.1	0.1	0.1	0.1	0.1	0.9	0.1	0.2	0.8	2.8	2.9	0.8	4.6	4.5	3.1	3.7	3.4	5.4
Long-term debt	4.1	5.5	7.1	8.7	14.4	13.6	17.1	18.3	19.4	18.4	0.0	28.5	43.5	38.9	35.7	32.8	33.8	32.2
Total debt	4.2	5.6	7.2	8.8	14.5	14.6	17.1	18.5	20.2	21.2	24.1	29.3	43.5	38.9	38.8	36.5	37.2	37.6
Total liabilities	5.2	6.9	8.8	10.4	16.7	17.2	20.2	22.8	25.3	26.1	36.2	42.5	60.8	54.8	55.2	51.4	52.8	53.2
Shareholders' equity	3.3	3.5	3.3	3.6	3.5	4.0	6.7	6.8	6.2	5.3	5.1	4.1	5.1	5.6	4.2	3.4	3.7	3.5
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	1.3	1.7	1.6	1.5	—	4.0	6.8	6.7	6.3	6.7	6.2
Net debt (negative = net cash)	4.0	4.7	6.9	8.4	14.2	14.3	16.8	17.7	19.4	20.0	22.6	27.5	41.5	37.4	37.0	34.5	35.7	35.7
Shares outstanding	402m	399m	394m	395m	395m	397m	424m	427m	429m	441m	443m	444m	456m	466m	466m	467m	466m	464m

US$ billions unless shown otherwise. Fiscal quarters.

American Tower: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	0.5	0.7	0.8	0.7	0.7	0.7	0.7	0.6
Total current assets	3.2	3.5	3.6	3.5	2.7	3.0	3.1	3.2
Goodwill	11.8	11.9	12.2	12.3	12.3	12.2	12.2	12.1
Total assets	61.1	62.1	63.8	63.9	63.2	63.2	63.3	63.0
Accounts payable	0.2	0.2	0.2	0.2	0.3	0.2	0.2	0.2
Deferred revenue (current)	0.3	0.5	0.4	0.4	0.3	0.5	0.5	0.4
Total current liabilities	7.1	6.3	5.9	6.0	6.9	9.7	8.9	8.9
Short-term debt	3.7	2.8	2.3	2.4	3.4	6.1	5.2	5.4
Long-term debt	32.8	34.0	35.2	34.9	33.8	31.2	32.0	32.2
Total debt	36.5	36.9	37.5	37.2	37.2	37.3	37.2	37.6
Total liabilities	51.4	52.1	53.3	53.1	52.8	53.1	53.0	53.2
Shareholders' equity	3.4	3.5	3.7	4.0	3.7	3.5	3.7	3.5
Non-controlling interests and other (assets − liabilities − equity)	6.3	6.4	6.8	6.8	6.7	6.6	6.5	6.2
Shares outstanding	467m	468m	468m	468m	466m	466m	466m	464m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from American Tower's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to American Tower.