v3.26.1

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
REVENUES:
Total operating revenues	$ 2,737.5	$ 2,562.8
Costs of operations (exclusive of items shown separately below):
Property	664.8	599.6
Depreciation, amortization and accretion	518.2	492.5
Selling, general, administrative and development expense	257.4	237.5
Other operating expense (income)	19.4	(55.8)
Total operating expenses	1,498.3	1,308.7
OPERATING INCOME	1,239.2	1,254.1
OTHER INCOME (EXPENSE):
Interest income	36.0	26.9
Interest expense	(347.3)	(325.3)
Other income (expense) (including foreign currency gains (losses) of $68.1 and $(345.7), respectively)	90.2	(338.2)
Total other expense	(221.1)	(636.6)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	1,018.1	617.5
Income tax provision	(139.6)	(118.9)
Net income	878.5	498.6
Net income attributable to noncontrolling interests	(19.0)	(9.9)
NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, BASIC	859.5	488.7
NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, DILUTED	$ 859.5	$ 488.7
NET INCOME PER COMMON SHARE AMOUNTS:
Basic net income attributable to American Tower Corporation common stockholders (in dollars per share)	$ 1.84	$ 1.05
Diluted net income attributable to American Tower Corporation common stockholders (in dollars per share)	$ 1.84	$ 1.04
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands):
BASIC (in shares)	466,202	467,640
DILUTED (in shares)	466,833	468,519
Property
REVENUES:
Total operating revenues	$ 2,669.9	$ 2,488.2
Services
REVENUES:
Total operating revenues	67.6	74.6
Costs of operations (exclusive of items shown separately below):
Services	$ 38.5	$ 34.9

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

AMERICAN TOWER CORP /MA/ 10-Q