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American Tower AMT Finance Lease Liabilities

Discontinued — last reported Q2 '26

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Other financials

Income statement

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Revenue$2.7B+4.7%
Operating income$1.3B+5.9%
Net income$887.5M+133%
EPS (diluted)$1.86+138%

Balance sheet

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Cash & equivalents$1.8B-15.1%
Total debt$45.0B+348%
Total equity$3.7B+0.2%
Total assets$63.3B-0.7%

Cash flow

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Operating cash flow$1.5B+16.0%
CapEx$320.9M+5.4%
Free cash flow$1.2B+19.3%

Valuation

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Market cap$78.31B-19.9%
Enterprise value$121.55B+14.9%
P/E22.3×-51.4×
P/S7.2×-2.4×

Profitability

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Gross margin99.5%
Operating margin44.8%-0.7pp
Net margin32.1%+19.2pp
FCF margin36.2%-0.3pp

Returns & leverage

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Return on equity94.6%+59.5pp
Debt / equity12.1×+9.4×
Current ratio0.4×-0.3×

Where this comes from

Reported directly by American Tower in its filing.

Tagged under the XBRL concept us-gaap:FinanceLeaseLiability.

The source filing: American Tower’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001053507-26-000133
Series 2018-1A securities (8)498.7498.3March 15, 2028
Series 2023-1A securities (9)1,293.61,291.7March 15, 2028
Other subsidiary debt (10)3.25.2Various
Total American Tower subsidiary debt1,795.51,795.2
Finance lease obligations14.415.9
Total37,189.637,220.3
Less current portion of long-term obligations(5,226.5)(3,387.8)
Long-term obligations$31,963.1$33,832.5

ITEM 1. UNAUDITED CONSOLIDATED AND CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is American Tower's finance lease liabilities?
American Tower (AMT) reported finance lease liabilities of $14.4M in Q2 2026.
How has American Tower's finance lease liabilities changed year-over-year?
American Tower's finance lease liabilities decreased by 14.8% year-over-year, from $16.9M to $14.4M.
What is the long-term trend for American Tower's finance lease liabilities?
Over 5 years (2020 to 2025), American Tower's finance lease liabilities has grown at a -7.1% compound annual growth rate (CAGR), from $23M to $15.9M.
What does finance lease liabilities mean?
Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

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