American Tower (American Tower) Cash And Cash Equivalents : $1,973 Mil (As of Dec. 2023)

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What is American Tower Cash And Cash Equivalents?

American Tower's quarterly cash and cash equivalents increased from Jun. 2023 ($2,015.70 Mil) to Sep. 2023 ($2,118.90 Mil) but then stayed the same from Sep. 2023 ($2,118.90 Mil) to Dec. 2023 ($1,973.30 Mil).

American Tower's annual cash and cash equivalents increased from Dec. 2021 ($1,949.90 Mil) to Dec. 2022 ($2,028.40 Mil) but then declined from Dec. 2022 ($2,028.40 Mil) to Dec. 2023 ($1,973.30 Mil).

American Tower Cash And Cash Equivalents Historical Data

The historical data trend for American Tower's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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American Tower Cash And Cash Equivalents Chart

American Tower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,501.20

1,746.30

1,949.90

2,028.40

1,973.30

American Tower Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															2,028.40	1,803.00	2,015.70	2,118.90	1,973.30

American Tower Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

American Tower (NYSE:AMT) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

American Tower Cash And Cash Equivalents Related Terms

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American Tower (American Tower) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Tower Corp (NYSE:AMT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

AMT:Mexico 1AMT:Italy A0T:Germany A0T:Germany T1OW34:Brazil AMTG:Austria

Address

116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116

Website

https://www.americantower.com

American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 U.S. markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the U.S., which accounted for roughly half of the company's total revenue in 2022. Outside the U.S., American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as an REIT.

Executives

Joann A Reed	director	C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVENUE, BOSTON MA 02116
Eugene M Noel	officer: EVP & President, U.S. Tower	116 HUNTINGTON AVENUE, BOSTON MA 02116
Robert D Hormats	director	85 BROAD STREET, NEW YORK NY 10004
Rodney M Smith	officer: EVP, CFO & Treasurer	116 HUNTINGTON AVENUE, BOSTON MA 02116
Raymond P Dolan	director	108 GOVERNOR DRIVE, BASKING RIDGE NJ 00924
Samme L Thompson	director	C/O TELIT ASSOCIATES, INC., 333 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Sanjay Goel	officer: EVP & President, Asia-Pacific	116 HUNTINGTON AVENUE, BOSTON MA 02116
Ruth T Dowling	officer: EVP, Chief Admin Ofr, GC & Sec	116 HUNTINGTON AVENUE, BOSTON MA 02116
Reeve Pamela D A	director	C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVE, BOSTON MA 02116
Meyer Robert Joseph Jr	officer: SVP & Chief Accounting Officer	61 SCHOOL STREET, ARLINGTON MA 02476
Edmund Disanto	officer: EVP, Chief Admin Ofr, GC & Sec	C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVENUE, 11TH FLOOR, BOSTON MA 02116
Bruce L Tanner	director	214 N TRYON STREET, CHARLOTTE NC 28202
Kelly C Chambliss	director	C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202
Teresa Hillary Clarke	director	2850 GOLF ROAD, ROLLING MEADOWS IL 60008
David E Sharbutt	director	116 HUNTINGTON AVENUE, BOSTON MA 02116