Company Information

  

Address: 116 HUNTINGTON AVE  
City: BOSTON 
State: MA 
Zip Code: 02116 
Telephone: 617-375-7500 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

We are one of the largest global real estate investment trusts and a leading independent owner, operator and developer of multitenant communications real estate. Our primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. We refer to this business as our property operations, which accounted for 99% of our total revenues for the year ended December 31, 2017. We also offer tower-related services in the United States, which we refer to as our services operations. These services include site acquisition, zoning and permitting and structural analysis, which primarily support our site leasing business, including the addition of new tenants and equipment on our sites.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20182.630.75055.26
12/20172.670.70053.43
09/20172.630.66051.97
06/20172.500.64052.93
03/20172.070.62058.72
12/20161.980.58053.37
09/20162.000.55056.66
06/20161.610.53070.57

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.13Total Liab/Total Assets0.78
Net Inc/Total Assets0.04Total Liab/Inv Cap0.86
Net Inc/Inv Cap0.04Total Liab/Comm Equity2.79
Pretax Inc/Net Sales0.19Interest Coverage Ratio2.68
Net Inc/Net Sales0.19Curr Debt/Equity0.12
Cash Flow/Net Sales0.44LTD/Equity3.11
SG&A/NetSales0.13Total Debt/Equity3.24
Asset Utilization   Liquidity  
Net Receivables Turnover16.21Quick Ratio0.81
Inventory TurnoverNACurrent Ratio0.81
Inventory Day SalesNANet Rec/Curr Assets0.25
Net Sales/Work Cap-14.06Inv/Curr AssetsNA
Net Sales/PP&E0.60  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 1,741.80 1,704.46 1,680.77 1,662.47
Cost of Goods Sold 519.90 526.95 519.76 517.19
Selling & Admin Exps 372.70 382.50 167.50 172.00
Operating Income 402.90 328.96 561.15 576.89
Interest Exp 199.60 190.09 188.78 187.02
Pretax Income 249.20 141.36 368.10 412.44
Other Income 45.90 2.49 -4.27 22.58
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 285.20 238.50 317.27 367.03

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 1,668.30 955.90 955.71 914.31
Receivables - Total 557.90 513.60 508.63 322.06
Inventories - Total NA NA NA NA
Total Current Assets 2,797.40 2,038.10 1,963.57 1,802.76
Net Property, Plant & Equipment 11,294.80 11,101.00 10,795.06 10,725.71
Total Assets 34,372.70 33,214.30 32,319.33 32,138.21
Liabilities        
Accounts Payable 1,410.10 1,468.50 1,283.97 1,263.39
Debt in Current Liabilities 2,803.20 774.80 687.38 1,732.04
Total Current Liabilities 4,544.70 2,512.10 2,260.24 3,278.91
Long-Term Debt 18,568.80 19,430.30 18,581.38 17,509.94
Total Liabilities 26,973.30 25,846.60 24,654.43 24,499.63
Stockholder's Equity        
Minority Interest 607.10 586.60 591.51 562.41
Preferred Stock 0.00 0.00 0.01 0.01
Common Stock 4.50 4.40 4.38 4.37
Retained Earnings -1,085.70 -1,058.10 -975.16 -989.15
Treasury Stock -974.00 -974.00 -884.61 -849.06
Total Stockholders' Equity 6,334.20 6,241.50 6,518.13 6,482.71
Total Liabilities and Stockholders' Equity 33,307.50 32,088.10 31,172.55 30,982.34

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 791.80 793.85 653.29 800.26
Net Cash Provided by Investing Activities -1,280.60 -1,290.40 -295.99 -294.21
Net Cash Provided by Financing Activities 817.30 500.93 -323.34 -448.49

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20133,361.41551.331.38
12/20144,100.05824.912.00
12/20154,771.50685.101.41
12/20165,785.70956.401.98
12/20176,663.901,238.902.67
Growth Rates18.6622.4317.94

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/181196416,60794.33




Report Date : 6/18/2018

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