Summary
This 8-K/A filing from American Tower Corporation (AMT) addresses an immaterial error identified in their previous earnings release dated February 23, 2012, which reported on fourth quarter and full-year 2011 results. The amendment corrects the exclusion of approximately $3.8 million from net loss attributable to noncontrolling interest. This correction results in a reported increase in net income attributable to American Tower Corporation shareholders by $3.8 million, or $0.01 per share, for both the fourth quarter and the full year. While the impact is minor, investors should note the slight upward adjustment to earnings per share and net income. The filing also revises figures for accumulated deficit and noncontrolling interest as of December 31, 2011, leading to a marginal increase in total stockholders' equity. The company is providing revised financial tables to reflect these corrections.
Key Highlights
- 1Amendment corrects an immaterial error in the February 23, 2012 earnings release.
- 2Error involved the exclusion of $3.8 million from net loss attributable to noncontrolling interest.
- 3Net loss attributable to noncontrolling interest increased by $3.8 million for Q4 and full-year 2011.
- 4Net income attributable to American Tower Corporation shareholders increased by $3.8 million ($0.01 per share) for Q4 and full-year 2011.
- 5Reported Net Income Attributable to AMT for Q4 2011 increased to $205.1 million ($0.52/share).
- 6Reported Net Income Attributable to AMT for Full Year 2011 increased to $396.5 million ($1.00/$0.99 basic/diluted EPS).
- 7Total American Tower Corporation stockholders' equity increased to $3,287.2 million as of December 31, 2011.