SBA Communications (SBAC) Financial Statements

Price: $219.34
Market Cap: $23.60B
Avg Volume: 844.43K
Country: US
Industry: REIT - Specialty
Sector: Real Estate
Beta: 0.739
52W Range: $183.64-252.64
Website: SBA Communications

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of SBA Communications.


Income Statement

Revenue
Cost of Revenue
Revenue and Costs$2.80B$2.80B$2.10B$2.10B$1.40B$1.40B$700.00M$700.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Operating Expenses
Operating Income
Operating Expenses & Income$1.60B$1.60B$1.20B$1.20B$800.00M$800.00M$400.00M$400.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Revenue $2.68B $2.71B $2.63B $2.31B $2.08B $2.01B $1.87B $1.73B $1.63B $1.64B
Cost of Revenue $- $634.29M $668.65M $545.48M $476.53M $493.03M $468.80M $446.31M $420.90M $444.40M
Gross Profit $2.68B $2.08B $1.96B $1.76B $1.61B $1.52B $1.40B $1.28B $1.21B $1.19B
Gross Profit Ratio 100.00% 76.60% 74.61% 76.40% 77.12% 75.53% 74.87% 74.17% 74.23% 72.88%
Research and Development Expenses $- $- $0 $0 $-0 $0 $0 $0 $0 $-
General and Administrative Expenses $- $- $- $- $- $- $142.53M $130.70M $143.35M $114.95M
Selling and Marketing Expenses $- $- $- $- $- $- $- $- $- $-
Selling General and Administrative Expenses $258.76M $267.94M $261.85M $220.03M $194.27M $192.72M $142.53M $130.70M $143.35M $114.95M
Other Expenses $985.12M $886.50M $707.58M $700.16M $721.97M $697.08M $-85.62M $-2.42M $94.28M $-139.14M
Operating Expenses $1.24B $1.18B $969.43M $920.19M $916.24M $889.79M $814.64M $773.80M $781.54M $774.97M
Cost and Expenses $1.24B $1.79B $1.64B $1.47B $1.39B $1.38B $1.28B $1.22B $1.20B $1.22B
Interest Income $41.96M $18.30M $10.13M $3.45M $2.98M $5.50M $6.73M $11.34M $10.93M $3.89M
Interest Expense $427.44M $436.24M $399.89M $400.00M $392.74M $393.23M $378.86M $326.63M $331.37M $323.87M
Depreciation and Amortization $269.52M $716.31M $1.64B $1.47B $1.40B $1.39B $1.29B $1.26B $1.23B $660.02M
EBITDA $1.47B $1.70B $1.68B $1.51B $1.39B $1.31B $1.24B $1.13B $1.07B $1.06B
EBITDA Ratio 54.84% 62.73% 64.00% 62.93% 56.31% 65.82% 61.92% 65.85% 70.60% 56.44%
Operating Income $1.44B $923.66M $925.41M $782.50M $451.14M $583.49M $544.17M $458.50M $387.31M $312.46M
Operating Income Ratio 53.58% 34.06% 35.14% 33.89% 21.66% 28.96% 29.17% 26.54% 23.72% 19.07%
Total Other Income Expenses Net $-663.10M $-375.16M $-399.56M $-529.93M $-651.44M $-396.60M $-492.48M $-341.61M $-300.00M $-479.05M
Income Before Tax $772.67M $548.50M $525.84M $252.56M $-17.75M $186.89M $51.68M $116.89M $87.30M $-166.59M
Income Before Tax Ratio 28.83% 20.23% 19.97% 10.94% -0.85% 9.28% 2.77% 6.77% 5.35% -10.17%
Income Tax Expense $23.99M $51.09M $66.04M $14.94M $-41.80M $39.60M $4.23M $13.24M $11.06M $9.06M
Net Income $749.54M $501.81M $461.43M $237.62M $24.10M $146.99M $47.45M $103.65M $76.24M $-175.66M
Net Income Ratio 27.97% 18.51% 17.52% 10.29% 1.16% 7.30% 2.54% 6.00% 4.67% -10.72%
EPS $6.96 $4.64 $4.27 $2.17 $0.22 $1.30 $0.41 $0.86 $0.61 $-1.37
EPS Diluted $6.94 $4.61 $4.22 $2.14 $0.21 $1.28 $0.41 $0.86 $0.61 $-1.37
Weighted Average Shares Outstanding 107.64M 108.20M 107.96M 109.33M 111.53M 112.81M 114.91M 119.86M 124.45M 127.79M
Weighted Average Shares Outstanding Diluted 108.08M 108.91M 109.39M 111.18M 113.47M 114.69M 116.52M 121.02M 125.14M 127.79M
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Total Assets
Total Liabilities
Total Assets and Liabilities$20.00B$20.00B$16.00B$16.00B$12.00B$12.00B$8.00B$8.00B$4.00B$4.00B$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Equity$9.00B$9.00B$6.00B$6.00B$3.00B$3.00B$0.00$0.00-$3.00B-$3.00B-$6.00B-$6.00B20162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Cash and Cash Equivalents $189.84M $208.55M $143.71M $367.28M $308.56M $108.31M $143.44M $68.78M $146.11M $118.04M
Short Term Investments $254.53M $1.05M $1.33M $800.00K $- $- $- $- $223.00K $706.00K
Cash and Short Term Investments $189.84M $209.59M $143.71M $367.28M $308.56M $108.31M $143.44M $68.78M $146.33M $118.75M
Net Receivables $145.69M $199.00M $263.92M $150.79M $108.88M $158.44M $111.03M $90.67M $89.47M $100.26M
Inventory $- $- $41.96M $79.99M $44.36M $34.88M $77.92M $65.43M $- $-
Other Current Assets $1.64B $57.28M $154.66M $110.02M $55.55M $67.52M $119.38M $82.64M $88.99M $74.95M
Total Current Assets $1.98B $484.27M $482.73M $614.45M $472.99M $334.27M $373.85M $259.53M $324.57M $293.96M
Property Plant Equipment Net $6.39B $6.43B $6.60B $5.81B $5.05B $5.37B $2.79B $2.81B $2.79B $2.78B
Goodwill $- $- $- $- $- $- $- $- $- $-
Intangible Assets $2.39B $2.46B $2.78B $2.80B $3.16B $3.63B $3.33B $3.60B $3.66B $3.74B
Goodwill and Intangible Assets $2.39B $2.46B $2.78B $2.80B $3.16B $3.63B $3.33B $3.60B $3.66B $3.74B
Long Term Investments $20.78M $24.54M $40.70M $47.89M $57.58M $-4.34M $-18.33M $2.59M $7.88M $8.14M
Tax Assets $- $67.47M $16.17M $51.92M $53.72M $4.34M $18.33M $1.67M $-7.88M $86.01M
Other Non-Current Assets $636.32M $720.46M $665.50M $475.84M $366.69M $432.08M $722.03M $645.94M $587.37M $497.34M
Total Non-Current Assets $9.44B $9.69B $10.10B $9.19B $8.69B $9.43B $6.84B $7.06B $7.04B $7.11B
Other Assets $- $- $- $- $- $- $- $- $- $-
Total Assets $11.42B $10.18B $10.59B $9.80B $9.16B $9.76B $7.21B $7.32B $7.36B $7.40B
Account Payables $59.55M $42.20M $51.43M $34.07M $109.97M $31.85M $34.31M $33.33M $28.32M $27.11M
Short Term Debt $1.45B $1.19B $548.73M $500.99M $260.04M $1.02B $941.73M $20.00M $627.16M $20.00M
Tax Payables $7.20M $17.10M $19.06M $8.34M $9.58M $9.60M $7.93M $- $7.64M $7.90M
Deferred Revenue $127.31M $325.00K $154.55M $184.38M $113.12M $113.51M $108.05M $97.97M $101.10M $97.08M
Other Current Liabilities $154.94M $113.56M $-77.01M $72.94M $122.09M $-122.78M $114.26M $127.60M $109.23M $121.28M
Total Current Liabilities $1.80B $1.36B $696.76M $616.33M $614.80M $1.05B $1.21B $278.90M $873.45M $273.37M
Long Term Debt $1.90B $13.55B $14.88B $14.26B $13.17B $12.09B $9.00B $9.29B $8.15B $8.52B
Deferred Revenue Non-Current $- $- $179.74M $190.03M $114.91M $114.93M $108.67M $98.23M $102.49M $-
Deferred Tax Liabilities Non-Current $- $- $60.94M $70.73M $82.29M $88.82M $51.12M $30.77M $27.45M $-
Other Non-Current Liabilities $10.97B $404.16M $248.07M $191.47M $186.25M $270.87M $387.43M $349.73M $334.99M $313.68M
Total Non-Current Liabilities $12.88B $13.95B $15.13B $14.45B $13.35B $12.36B $9.38B $9.64B $8.48B $8.84B
Other Liabilities $1.80B $- $- $- $- $- $- $- $- $-
Total Liabilities $16.47B $15.31B $15.83B $15.07B $13.97B $13.41B $10.59B $9.92B $9.36B $9.11B
Preferred Stock $- $- $- $- $- $- $- $460.00K $184.00K $45.00K
Common Stock $- $1.08M $1.08M $1.09M $1.10M $1.12M $1.12M $1.16M $1.21M $1.26M
Retained Earnings $-7.33B $-7.45B $-7.48B $-7.20B $-6.60B $-5.56B $-5.14B $-4.39B $-3.64B $-3.17B
Accumulated Other Comprehensive Income Loss $-760.28M $-615.20M $-590.51M $-762.31M $-807.58M $-568.76M $-511.90M $-379.46M $-370.18M $-502.05M
Other Total Stockholders Equity $2.98B $2.89B $2.80B $2.68B $2.59B $2.46B $2.27B $2.17B $2.01B $1.96B
Total Stockholders Equity $-5.11B $-5.17B $-5.28B $-5.28B $-4.82B $-3.67B $-3.38B $-2.60B $-2.00B $-1.71B
Total Equity $-5.06B $-5.14B $-5.24B $-5.27B $-4.81B $-3.65B $6.39B $6.61B $6.60B $-1.71B
Total Liabilities and Stockholders Equity $11.42B $10.18B $10.59B $9.80B $9.16B $9.76B $7.21B $7.32B $7.36B $7.40B
Minority Interest $54.13M $35.05M $31.73M $17.25M $15.19M $16.05M $9.76B $9.21B $8.59B $-
Total Liabilities and Total Equity $11.42B $10.18B $10.59B $9.80B $9.16B $9.76B $7.21B $7.32B $7.36B $7.40B
Total Investments $275.31M $25.59M $42.03M $47.89M $57.58M $-4.34M $-18.33M $2.59M $8.11M $8.85M
Total Debt $3.35B $14.46B $15.17B $14.52B $13.43B $12.86B $9.94B $9.31B $8.78B $8.54B
Net Debt $3.16B $14.25B $15.03B $14.16B $13.12B $12.75B $9.80B $9.24B $8.63B $8.42B

Cash Flow Statement

Operating Cash Flow
Investing Cash Flow
Operating and Investing Cash Flow$2.10B$2.10B$1.40B$1.40B$700.00M$700.00M$0.00$0.00-$700.00M-$700.00M-$1.40B-$1.40B-$2.10B-$2.10B20162016201720172018201820192019202020202021202120222022202320232024202420252025
Financing Cash Flow$800.00M$800.00M$400.00M$400.00M$0.00$0.00-$400.00M-$400.00M-$800.00M-$800.00M-$1.20B-$1.20B20162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Net Income $748.68M $501.81M $459.80M $237.62M $24.05M $147.28M $47.45M $103.65M $76.24M $-175.65M
Depreciation and Amortization $269.52M $736.51M $707.58M $700.16M $721.97M $697.08M $672.11M $643.10M $638.19M $660.02M
Deferred Income Tax $-13.09M $4.63M $32.90M $-8.55M $-63.19M $15.94M $11.31M $34.81M $1.42M $-5.00K
Stock Based Compensation $74.37M $87.92M $99.91M $84.40M $68.89M $73.21M $42.33M $38.25M $32.92M $28.75M
Change in Working Capital $-143.06M $64.47M $-81.12M $-34.98M $47.09M $10.05M $-46.91M $-28.53M $-50.18M $-25.91M
Accounts Receivables $18.11M $44.39M $-81.35M $-38.24M $38.20M $-12.15M $-29.43M $-20.89M $-7.27M $15.97M
Inventory $- $- $81.35M $38.24M $-38.20M $12.15M $- $- $- $-
Accounts Payables $-4.40M $- $20.12M $4.73M $8.09M $-6.50M $-2.74M $296.00K $-3.25M $2.72M
Other Working Capital $-156.76M $20.08M $-101.24M $-39.71M $39.00M $16.55M $-44.16M $-28.83M $-46.92M $-28.62M
Other Non Cash Items $398.44M $149.05M $98.64M $211.21M $327.22M $41.33M $125.85M $28.33M $30.44M $249.97M
Net Cash Provided by Operating Activities $1.33B $1.54B $1.32B $1.19B $1.13B $984.89M $852.14M $819.61M $729.03M $737.17M
Investments in Property Plant and Equipment $-228.15M $-318.31M $-214.44M $-133.64M $-128.57M $-154.24M $-149.81M $-148.18M $-139.98M $-208.71M
Acquisitions Net $- $-129.96M $-1.18B $-1.26B $-271.42M $-773.82M $-451.83M $-441.55M $-276.85M $-609.53M
Purchases of Investments $-1.80B $-1.34B $-881.78M $-1.73B $-1.29B $-638.96M $-156.98M $-1.37M $-490.00K $-7.79M
Sales Maturities of Investments $1.54B $1.34B $502.94M $1.73B $1.24B $625.81M $150.89M $231.00K $712.00K $89.73M
Other Investing Activities $-317.23M $-19.30M $375.72M $-31.23M $3.12M $-5.81M $-10.61M $-15.38M $-11.64M $1.78M
Net Cash Used for Investing Activities $-809.31M $-468.25M $-1.39B $-1.42B $-446.37M $-947.02M $-618.35M $-606.24M $-428.25M $-734.52M
Debt Repayment $1.24B $-540.00M $569.88M $1.17B $746.24M $397.46M $591.68M $510.87M $248.74M $663.98M
Common Stock Issued $- $- $- $- $- $- $- $- $- $-
Common Stock Repurchased $-200.02M $-100.01M $-431.67M $-582.58M $-859.34M $-466.98M $-795.58M $-854.53M $-545.69M $-450.07M
Dividends Paid $-424.19M $-369.96M $-306.77M $-253.58M $-207.69M $-83.39M $- $- $- $-
Other Financing Activities $29.76M $-7.25M $33.07M $1.95M $-148.23M $90.60M $55.36M $49.09M $8.39M $-138.16M
Net Cash Used Provided by Financing Activities $645.74M $-1.02B $-167.47M $339.26M $-469.02M $-62.31M $-148.54M $-294.57M $-802.62M $75.75M
Effect of Forex Changes on Cash $-21.59M $2.73M $-2.92M $-13.10M $-8.96M $-12.74M $-11.26M $-464.00K $14.07M $-12.99M
Net Change in Cash $1.15B $61.66M $-246.34M $92.82M $201.69M $-37.18M $74.00M $-81.67M $67.93M $78.60M
Cash at End of Period $1.40B $250.95M $189.28M $435.63M $342.81M $141.12M $178.30M $104.30M $185.97M $118.04M
Cash at Beginning of Period $250.95M $189.28M $435.63M $342.81M $141.12M $178.30M $104.30M $185.97M $118.04M $39.44M
Operating Cash Flow $1.33B $1.54B $1.32B $1.19B $1.13B $984.89M $852.14M $819.61M $729.03M $737.17M
Capital Expenditure $-228.15M $-236.70M $-214.44M $-133.64M $-128.57M $-154.24M $-149.81M $-148.18M $-139.98M $-208.71M
Free Cash Flow $1.11B $1.31B $1.10B $1.06B $997.47M $830.66M $702.33M $671.43M $589.04M $528.47M