ATN International, Inc. ATNI
We provide digital infrastructure and communications services in the United States ("US"), primarily in the western US, and Alaska, and internationally, including Bermuda and the Caribbean region. Since our founding in 1987, we have concentrated on smaller, often rural or remote markets with strong and growing demand for connectivity. We have invested in these markets to build durable network assets and establish a defensible market position. In select markets, we also serve carrier customers by leveraging our network assets to provide communications services.
Through our operating subsidiaries, we primarily offer: (i) fixed and mobile telecommunications connectivity to residential, business, and government customers; and (ii) carrier communications services to large enterprise and government customers, including terrestrial and submarine fiber optic transport.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $667.1M | $674.0M | $709.9M | $678.0M | $565.5M | $455.4M | $438.7M | $451.2M | $481.2M | $457.0M |
| SG&A | $219.5M | $228.9M | $242.7M | $224.4M | $181.7M | $139.0M | $139.3M | $104.3M | $102.3M | $90.4M |
| Total operating expenses | $699.5M | $729.9M | $749.0M | $717.8M | $617.7M | $446.3M | $425.3M | $390.2M | $425.9M | $405.7M |
| Operating income | $28.4M | -$795.0K | $13.2M | $7.9M | -$15.0M | $9.2M | $13.4M | $61.0M | $55.3M | $51.3M |
| Interest expense | $47.8M | $49.5M | $42.7M | $20.4M | $9.6M | $5.3M | $5.0M | $8.0M | $8.8M | $5.4M |
| Pre-tax income | -$27.8M | -$51.0M | -$27.5M | -$8.1M | -$22.7M | $93.0K | $6.1M | $53.7M | $47.6M | $45.4M |
| Income tax | $4.2M | $19.1M | $8.8M | $473.0K | $1.9M | $801.0K | $4.1M | $18.9M | $1.3M | $21.2M |
| Net income | -$23.5M | -$31.9M | -$18.8M | -$7.6M | -$20.8M | -$708.0K | $2.0M | $34.9M | $48.9M | $24.2M |
| EPS, basic | -1.38 | -2.10 | -1.25 | -0.67 | -1.52 | -0.89 | -0.68 | 1.24 | 1.95 | 0.75 |
| EPS, diluted | -1.38 | -2.10 | -1.25 | -0.67 | -1.52 | -0.89 | -0.68 | 1.24 | 1.94 | 0.75 |
| Shares, diluted (wtd. avg.) | $15.2M | $15.2M | $15.6M | $15.8M | $15.9M | $15.9M | $16.0M | $16.0M | $16.2M | $16.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $102.5M | $73.4M | $62.2M | $59.7M | $80.7M | $105.0M | $162.4M | $192.9M | $219.9M | $288.4M |
| Short-term investments | $395.0K | $300.0K | $300.0K | $300.0K | $300.0K | — | $416.0K | $393.0K | $7.1M | $9.2M |
| Receivables | $80.7M | $83.7M | $88.0M | $86.8M | $73.7M | $44.2M | $35.9M | $38.3M | $43.5M | $45.4M |
| Total current assets | $327.9M | $309.2M | $281.3M | $229.7M | $232.6M | $240.1M | $228.7M | $275.8M | $342.9M | $367.4M |
| Property, plant and equipment | — | — | — | — | — | $536.5M | $605.6M | $626.9M | $643.1M | $647.7M |
| Goodwill | $4.8M | $4.8M | $40.1M | $40.1M | $40.1M | $60.7M | $60.7M | $64.0M | $64.0M | $62.9M |
| Other intangibles | $7.4M | $12.0M | $19.6M | $32.0M | $44.3M | $7.0M | — | — | — | — |
| Total assets | $1.67B | $1.73B | $1.78B | $1.71B | $1.61B | $1.08B | $1.13B | $1.11B | $1.21B | $1.20B |
| Accounts payable | $173.3M | $178.2M | $182.1M | $155.2M | $151.5M | $96.2M | $74.1M | $80.9M | $116.1M | $92.7M |
| Short-term debt | $15.8M | $8.2M | $24.3M | $6.2M | $4.7M | $3.8M | $3.8M | $4.7M | $10.9M | $12.4M |
| Total current liabilities | $263.1M | $267.3M | $293.2M | $233.2M | $220.9M | $147.9M | $119.7M | $140.7M | $161.7M | $150.1M |
| Long-term debt | $549.3M | $549.1M | $492.6M | $415.7M | $327.1M | $69.1M | $82.7M | $86.3M | $144.9M | $144.4M |
| Total liabilities | $1.03B | $1.06B | $1.06B | $938.6M | $833.4M | $329.4M | $324.6M | $284.0M | $375.4M | $389.0M |
| Retained earnings | $312.4M | $368.2M | $417.3M | $449.8M | $475.9M | $516.9M | $541.9M | $563.6M | $552.9M | $538.1M |
| Total equity | $444.3M | $489.5M | $637.8M | $676.8M | $702.3M | $754.3M | $806.1M | $823.3M | $830.2M | $809.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $133.9M | $127.9M | $111.6M | $102.9M | $80.5M | $86.3M | $87.9M | $115.9M | $145.7M | $111.7M |
| Depreciation and amortisation | $133.0M | $138.3M | $141.6M | $135.1M | $102.7M | $86.5M | $87.0M | $85.7M | $86.9M | $76.0M |
| Stock-based compensation | $8.5M | $8.2M | $8.5M | $7.4M | $6.6M | $5.9M | $6.4M | $6.4M | $7.0M | $6.4M |
| Capital expenditure | $90.0M | $110.4M | $163.3M | $160.1M | $96.4M | $75.3M | $72.7M | $185.9M | $142.4M | $124.3M |
| Investing cash flow | -$86.8M | -$103.8M | -$165.1M | -$167.2M | -$426.6M | -$70.2M | -$88.3M | -$87.3M | -$172.3M | -$296.6M |
| Financing cash flow | -$19.2M | $2.9M | $55.9M | $43.4M | $321.7M | -$73.4M | -$29.9M | -$55.2M | -$42.1M | $75.3M |
| Dividends paid | $15.7M | $14.7M | $13.2M | $10.7M | $10.8M | $10.9M | $10.9M | $10.9M | $19.2M | $21.0M |
| Buybacks | $770.0K | $10.0M | $15.0M | $942.0K | $10.5M | $6.6M | $162.0K | $1.6M | $10.6M | $4.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-050554.
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