American Tower (AMT) 10-Q2015 Q1 Quarterly report

Filed: 30 Apr 15, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: aggregatepurchase, Airtel, appeal, award, Banco, bank, Bharti, Bombay, BV, cancellation, Celular, compelled, concurrent, consummated, correspondingly, covenant, CPI, cycle, depositary, Desenvolvimento, Economico, ecosystem, employment, essentially, evolution, goal, Goldman, increasingly, intermediary, Italia, largest, Lending, letter, life, low, metric, mobile, MPL, multitenant, Nacional, Nigeria, occupy, percent, precedent, predominantly, proliferation, PSU, publicly, rolling, RSU, Santander, Social, Threshold, tied, TIM, Tribunal, unearned, USA, USD

Removed: acceptance, adequate, adequately, advantage, alternative, analyze, answer, assume, assumption, assure, attention, attractive, attrition, Axtel, back, bear, blackout, borrower, bring, brought, budget, burden, calculation, capitalization, carry, cease, charge, choose, climate, combined, Commercial, commercially, community, comparing, competing, competition, competitive, complementary, complex, complied, complying, computed, computing, conflict, conflicting, consolidate, contaminated, contamination, contrary, core, Corrupt, costly, counterclaim, country, create, cultural, damage, damaged, decide, decline, decommissioning, decreased, decreasing, dedication, delay, delivery, denying, destruction, devaluation, difficult, difficulty, diligence, directed, disadvantage, dismissing, disqualified, disrupt, disruption, District, diversion, divestiture, downgrade, downturn, economy, efficiency, efficient, efficiently, eleven, eliminating, emergence, emission, enact, enacted, enforced, enforcement, enhance, equally, Equilibrium, establishment, experienced, expired, explicit, expose, expropriation, face, facilitate, factual, fail, favorable, fifteen, file, final, flexibility, forced, forecasted, forego, foreseeable, franchise, frequently, fulfill, fungible, German, governmental, greater, groundwater, guaranteeing, health, hedge, hedged, hedging, hinder, ice, impacting, impaired, impairing, implementation, implied, inability, inconsistent, induced, ineffective, inflation, injunctive, INR, insider, insurance, integrate, integrating, interacting, interfere, interpretation, interruption, invested, investigation, issue, jeopardize, judgment, judicial, knew, labor, landowner, larger, lead, leasehold, lessee, leveraged, liable, license, licensing, limit, limitation, limiting, liquidate, litigation, LLP, local, longer, lower, Ltda, managerial, manner, meeting, membership, merge, Millicom, misrepresentation, modernized, modernizing, modification, modify, Mortgage, Movil, natural, negatively, negotiated, nondeductible, Northern, obtain, obtainable, occasionally, occupational, Office, open, operational, opposed, opposition, outsource, pacing, Panama, party, passive, pattern, perception, planned, planning, political, pose, preclude, pressure, prevailing, prevented, privately, proceed, prohibit, prolonged, protect, purpose, QRS, qualifying, rank, rating, rationalize, rationalized, reception, reconstruction, recoverable, redeem, reducing, redundant, region, regular, regulation, reinvestment, relationship, relief, relieve, rely, remediating, remediation, removal, render, renewed, reopened, reopening, reorganize, reorganized, repair, repatriation, request, requirement, requiring, resale, resolve, resolved, respond, response, responsible, restrict, restricting, restrictive, restructured, retain, retained, retroactive, retroactively, reversion, revoking, Rican, roaming, ruled, SA, safety, satisfaction, scale, scientific, sell, sensitive, servicer, setting, shareholder, sharing, shift, single, slower, soil, spectrally, spending, state, storage, strength, stringent, structurally, structure, structured, study, subordinated, substantiated, succeed, successfully, sufficiently, supplemental, suspending, taxed, team, technical, technological, test, testing, trading, traditional, Transactional, transmission, treatment, trending, trial, tristar, TRS, unavailability, unavailable, uncollectible, uncured, undergo, undermine, undistributed, unforeseen, unionization, unlawful, unpredictable, unwilling, verify, viable, video, Volatility, vulnerability, waste, weakening, wholly, widely, widespread, wind, withhold, withholding, ZAR

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

AMT similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12

AMERICAN TOWER CORPORATION

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

The following table reflects the computation of the ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends for the periods presented (in thousands):


											Three Months Ended March 31,
	2010		2011		2012		2013		2014		2015
Computation of Earnings:
Income from continuing operations before income taxes and income on equity method investments	$	556,025	$	506,895	$	701,294	$	541,749	$	865,704	$	219,364
Add:
Interest expense (1)		247,504		313,328		403,150		459,779		581,716		148,304
Operating leases		90,001		109,817		125,706		148,573		196,491		49,474
Amortization of interest capitalized		2,819		2,218		2,315		2,406		2,547		643

Earnings as adjusted		896,349		932,258		1,232,465		1,152,507		1,646,458		417,785

Computation of fixed charges and combined fixed charges and preferred stock dividends:
Interest expense (1)		247,504		313,328		403,150		459,779		581,716		148,304
Interest capitalized		1,011		2,096		1,926		1,817		2,822		490
Operating leases		90,001		109,817		125,706		148,573		196,491		49,474

Fixed charges		338,516		425,241		530,782		610,169		781,029		198,268
Dividends on preferred stock		—		—		—		—		23,888		9,819

Combined fixed charges and preferred stock dividends		338,516		425,241		530,782		610,169		804,917		208,087

Excess in earnings required to cover fixed charges	$	557,833	$	507,017	$	701,683	$	542,338	$	865,429	$	219,517

Ratio of earnings to fixed charges (2)		2.65		2.19		2.32		1.89		2.11		2.11
Excess in earnings required to cover combined fixed charges and preferred stock dividends	$	557,833	$	507,017	$	701,683	$	542,338	$	841,541	$	209,698

Ratio of earnings to combined fixed charges and preferred stock dividends		2.65		2.19		2.32		1.89		2.05		2.01

(1)	Interest expense includes amortization of deferred financing costs. Interest expense also includes an amount related to our capital lease with TV Azteca.

(2)

For the purposes of this calculation, “earnings” consists of income from continuing operations before income taxes and income on equity method investments, as well as fixed charges (excluding interest capitalized and amortization of interest capitalized). “Fixed charges” consists of interest expensed and capitalized, amortization of debt discounts, premiums and related issuance costs and the component of rental expense associated with operating leases believed by management to be representative of the interest factor thereon.

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.