Attached files
| file | filename |
|---|---|
| 8-K/A - FORM 8-K/A - AMERICAN TOWER CORP /MA/ | d306968d8ka.htm |
| EX-99.2 - CORRECTED UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - AMERICAN TOWER CORP /MA/ | d306968dex992.htm |
Exhibit 99.1
CORRECTED – February 28, 2012
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
| December 31, 2011 |
December
31, 2010 (1) |
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| ASSETS |
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| Current assets: |
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| Cash and cash equivalents |
$ | 330,191 | $ | 883,963 | ||||
| Restricted cash |
42,775 | 75,972 | ||||||
| Short-term investments and available-for-sale securities |
22,270 | 46,428 | ||||||
| Accounts receivable, net |
100,971 | 81,479 | ||||||
| Prepaid and other current assets |
316,968 | 145,599 | ||||||
| Deferred income taxes |
29,596 | 174,788 | ||||||
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| Total current assets |
842,771 | 1,408,229 | ||||||
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| Property and equipment, net |
4,883,473 | 3,683,474 | ||||||
| Goodwill |
2,805,267 | 2,511,907 | ||||||
| Other intangible assets, net |
2,351,955 | 1,885,866 | ||||||
| Deferred income taxes |
245,607 | 92,162 | ||||||
| Deferred rent asset |
609,529 | 470,637 | ||||||
| Notes receivable and other long-term assets |
493,828 | 317,809 | ||||||
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| Total |
$ | 12,232,430 | $ | 10,370,084 | ||||
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| LIABILITIES AND STOCKHOLDERS’ EQUITY |
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| Current liabilities: |
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| Accounts payable |
$ | 214,739 | $ | 67,124 | ||||
| Accrued expenses |
304,208 | 222,685 | ||||||
| Accrued interest |
65,729 | 40,621 | ||||||
| Current portion of long-term obligations |
101,816 | 74,896 | ||||||
| Unearned revenue |
93,099 | 134,135 | ||||||
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| Total current liabilities |
779,591 | 539,461 | ||||||
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| Long-term obligations |
7,134,492 | 5,512,492 | ||||||
| Asset retirement obligations |
346,059 | 341,838 | ||||||
| Other long-term liabilities |
562,146 | 471,735 | ||||||
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| Total liabilities |
8,822,288 | 6,865,526 | ||||||
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| STOCKHOLDERS’ EQUITY |
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| Common stock |
3,936 | 4,860 | ||||||
| Additional paid-in capital |
4,903,800 | 8,577,093 | ||||||
| Accumulated deficit |
(1,477,899 | ) | (1,736,596 | ) | ||||
| Accumulated other comprehensive (loss) income |
(142,617 | ) | 38,053 | |||||
| Treasury stock (2) |
— | (3,381,966 | ) | |||||
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| Total American Tower Corporation stockholders’ equity |
3,287,220 | 3,501,444 | ||||||
| Noncontrolling interest |
122,922 | 3,114 | ||||||
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| Total stockholders’ equity |
3,410,142 | 3,504,558 | ||||||
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| Total |
$ | 12,232,430 | $ | 10,370,084 | ||||
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| (1) | December 31, 2010 balances have been revised to reflect purchase accounting measurement period adjustments. |
| (2) | As part of the REIT Conversion, effective December 31, 2011, the Company completed the merger with its predecessor, that was approved by the Company’s stockholders in November 2011. At the time of the merger, each share of Class A common stock of American Tower held in treasury at December 31, 2011 ceased to be outstanding, and a corresponding adjustment was recorded to additional paid-in capital and common stock. |