14 unchanged sentences
Cumulative Total Returns
+Added: 12/15 12/16 12/17 12/18 12/19 12/20
American Tower Corporation $ 100.00 $ 111.21 $ 153.13 $ 173.53 $ 256.56 $ 255.34
3 unchanged sentences
FTSE Nareit All Equity REITs Index 100.00 108.63 118.05 113.28 145.75 138.28
−Removed: Issuer Purchases of Equity Securities
−Removed: In March 2011, our Board of Directors approved a stock repurchase program, pursuant to which we are authorized to repurchase up to $1.5 billion of our common stock (the “2011 Buyback”).
−Removed: In addition to the 2011 Buyback, in December 2017, our Board of Directors approved an additional stock repurchase program, pursuant to which we are authorized to repurchase up to $2.0 billion of our common stock (the “2017 Buyback”, and together with the 2011 Buyback the “Buyback Programs”).
−Removed: During the three months ended December 31, 2019 , we repurchased a total of 93,654 shares of our common stock for an aggregate of $19.6 million , including commissions and fees, pursuant to the 2011 Buyback.
−Removed: There were no repurchases under the 2017 Buyback.
−Removed: The table below sets forth details of our repurchases under the 2011 Buyback during the three months ended December 31, 2019 .
−Removed: Total Number of Shares Purchased (1)
−Removed: Average Price Paid per Share (2)
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (3)
−Removed: (in millions)
−Removed: October 1, 2019 - October 31, 2019
−Removed: November 1, 2019 - November 30, 2019
−Removed: December 1, 2019 - December 31, 2019
−Removed: Total Fourth Quarter
−Removed: _______________
−Removed: Repurchases made pursuant to the 2011 Buyback.
−Removed: Average price paid per share is a weighted average calculation using the aggregate price, excluding commissions and fees.
−Removed: Remaining under the 2011 Buyback.
−Removed: We have repurchased a total of 14.1 million shares of our common stock under the 2011 Buyback for an aggregate of $1.4 billion , including commissions and fees.
−Removed: We expect to continue to manage the pacing of the remaining $2.1 billion under the Buyback Programs in response to general market conditions and other relevant factors.
−Removed: We expect to fund any further repurchases of our common stock through a combination of cash on hand, cash generated by operations and borrowings under our credit facilities.
−Removed: Purchases under the Buyback Programs are subject to our having available cash to fund repurchases.
−Removed: Under the Buyback Programs, our management is authorized to purchase shares from time to time through open market purchases or in privately negotiated transactions not to exceed market prices and subject to market conditions and other factors.
−Removed: With respect to open market purchases, we may use plans adopted in accordance with Rule 10b5-1 under the Exchange Act in accordance with securities laws and other legal requirements, which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods.
−Removed: These programs may be discontinued at any time.
SELECTED FINANCIAL DATA
−Removed: The selected financial data should be read in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements and the related notes to those consolidated financial statements included in this Annual Report.
−Removed: Year-over-year comparisons are significantly affected by our acquisitions, dispositions and construction of towers.
−Removed: Our transaction with Verizon Communications Inc.
−Removed: (“Verizon” and the transaction, the “Verizon Transaction”) and the acquisition of a controlling ownership interest in Viom Networks Limited (“Viom” and the acquisition, the “Viom Acquisition”), which closed in March 2015 and April 2016, respectively, significantly impact the comparability of reported results between periods.
−Removed: Our principal 2019 acquisitions are described in note 7 to our consolidated financial statements included in this Annual Report.
−Removed: Year Ended December 31,
−Removed: (In millions, except share and per share data)
−Removed: Statements of Operations Data:
−Removed: Total operating revenues
−Removed: Operating expenses:
−Removed: Cost of operations (exclusive of items shown separately below)
−Removed: Depreciation, amortization and accretion
−Removed: Selling, general, administrative and development expense
−Removed: Other operating expenses
−Removed: Total operating expenses
−Removed: Operating income
−Removed: Interest (expense) income, TV Azteca, net
−Removed: Interest income
−Removed: Interest expense
−Removed: (Loss) gain on retirement of long-term obligations
−Removed: Other income (expense) (1)
−Removed: Income from continuing operations before income taxes
−Removed: Income tax benefit (provision)
−Removed: Net (income) loss attributable to noncontrolling interests
−Removed: Net income attributable to American Tower Corporation stockholders
−Removed: Dividends on preferred stock
−Removed: Net income attributable to American Tower Corporation common stockholders
−Removed: Net income per common share amounts:
−Removed: Basic net income attributable to American Tower Corporation common stockholders
−Removed: Diluted net income attributable to American Tower Corporation common stockholders
−Removed: Weighted average common shares outstanding (in thousands):
−Removed: Distribution declared per common share
−Removed: Distribution declared per preferred share, Series A
−Removed: Distribution declared per preferred share, Series B
−Removed: As of December 31,
−Removed: (In millions)
−Removed: Balance Sheet Data:
−Removed: Cash and cash equivalents (including restricted cash) (2)
−Removed: Property and equipment, net
−Removed: Total assets (3)
−Removed: Long-term obligations, including current portion
−Removed: Redeemable noncontrolling interests
−Removed: Total American Tower Corporation equity
−Removed: _______________
−Removed: For the years ended December 31, 2019 , 2018 , 2017 , 2016 and 2015 , amounts include foreign currency gains (losses) of $6.1 million , ($4.5) million, $26.4 million, ($48.9) million and ($134.7) million, respectively.
−Removed: As of December 31, 2019 , 2018 , 2017 , 2016 and 2015 , amounts include $76.8 million , $96.2 million, $152.8 million, $149.3 million, and $142.2 million, respectively, of restricted funds pledged as collateral to secure obligations and cash, the use of which is otherwise limited by contractual provisions.
−Removed: Total assets as of December 31, 2019 includes the Right-of-use asset recognized in connection with our adoption of the new lease accounting standard described in note 1 to our consolidated financial statements included in this Annual Report
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.