American Tower (AMT) 8-K/A Results of Operations and Financial Condition

Exhibit 99.1

CORRECTED – February 28, 2012

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

	December 31, 2011			December 31, 2010 (1)
ASSETS
Current assets:
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
Total current assets		842,771			1,408,229
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
Total	$	12,232,430		$	10,370,084
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
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
Total current liabilities		779,591			539,461
Long-term obligations		7,134,492			5,512,492
Asset retirement obligations		346,059			341,838
Other long-term liabilities		562,146			471,735
Total liabilities		8,822,288			6,865,526
STOCKHOLDERS’ EQUITY
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	)
Total American Tower Corporation stockholders’ equity		3,287,220			3,501,444
Noncontrolling interest		122,922			3,114
Total stockholders’ equity		3,410,142			3,504,558
Total	$	12,232,430		$	10,370,084

(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.