v3.26.1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 1,608.8	$ 1,474.8
Restricted cash	129.1	130.4
Accounts receivable, net	718.9	650.3
Prepaid and other current assets	499.6	486.3
Total current assets	2,956.4	2,741.8
PROPERTY AND EQUIPMENT, net	20,441.0	20,356.3
GOODWILL	12,192.7	12,255.5
OTHER INTANGIBLE ASSETS, net	14,225.1	14,530.7
DEFERRED TAX ASSET	153.6	151.4
DEFERRED RENT ASSET	3,864.4	3,851.3
RIGHT-OF-USE ASSET	8,492.3	8,426.5
NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS	909.1	876.9
TOTAL	63,234.6	63,190.4
CURRENT LIABILITIES:
Accounts payable	220.8	259.8
Accrued expenses	1,092.2	1,112.5
Distributions payable	851.9	818.6
Accrued interest	333.7	425.2
Current portion of operating lease liability	641.9	584.9
Current portion of long-term obligations	6,119.0	3,387.8
Unearned revenue	459.9	325.0
Total current liabilities	9,719.4	6,913.8
LONG-TERM OBLIGATIONS	31,202.5	33,832.5
OPERATING LEASE LIABILITY	7,167.8	7,158.7
ASSET RETIREMENT OBLIGATIONS	2,516.4	2,512.9
DEFERRED TAX LIABILITY	1,497.4	1,440.3
OTHER NON-CURRENT LIABILITIES	979.0	976.9
Total liabilities	53,082.5	52,835.1
COMMITMENTS AND CONTINGENCIES
EQUITY (shares in thousands):
Common stock: $0.01 par value; 1,000,000 shares authorized; 480,083 and 479,358 shares issued; and 465,990 and 466,318 shares outstanding, respectively	4.8	4.8
Additional paid-in capital	15,236.0	15,215.3
Distributions in excess of earnings	(5,063.4)	(5,086.0)
Accumulated other comprehensive loss	(4,805.3)	(4,815.8)
Treasury stock (14,093 and 13,040 shares at cost, respectively)	(1,849.5)	(1,665.8)
Total American Tower Corporation equity	3,522.6	3,652.5
Noncontrolling interests	6,629.5	6,702.8
Total equity	10,152.1	10,355.3
TOTAL	$ 63,234.6	$ 63,190.4

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

AMERICAN TOWER CORP /MA/ 10-Q