The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 184,902 | 370,425 | 240,433 | 225,692 |
| Depreciation, accretion, and amortization | 81,316 | 80,391 | 76,882 | 69,964 |
| Gain on remeasurement of u.s. denominated intercompany loans | 16,260 | -17,828 | 37,847 | 45,265 |
| Non-cash compensation expense | 18,936 | 19,182 | 19,323 | 21,516 |
| Non-cash asset impairment and decommission costs | 26,934 | 77,991 | 17,374 | 42,994 |
| Deferred and non-cash income tax provision | 25,445 | 9,808 | 32,776 | 26,185 |
| Non-cash interest expense | - | 8,857 | - | - |
| Amortization of deferred financing fees | - | 21,866 | - | - |
| Loss on sale of assets | -38 | 226,664 | 2 | 518 |
| Other non-cash items reflected in the statements of operations | -13,957 | -16,958 | -15,692 | -14,896 |
| Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net | -15,958 | 19,004 | 16,517 | 31,125 |
| Prepaid expenses and other assets | 740 | 58,897 | 10,967 | -1,076 |
| Operating lease right-of-use assets, net | 39,053 | 32,825 | 33,657 | 30,373 |
| Accounts payable and accrued expenses | -13,056 | -25,735 | 14,597 | 2,159 |
| Accrued interest | 31,157 | - | 153,964 | -159,420 |
| Long-term lease liabilities | -35,053 | -32,263 | -32,501 | -32,035 |
| Other liabilities | -60,644 | -14,040 | 3,131 | 1,741 |
| Net cash provided by operating activities | 255,085 | 304,025 | 318,030 | 368,098 |
| Acquisitions | 143,496 | 394,413 | 11,805 | 589,222 |
| Capital expenditures | 48,397 | 62,728 | 60,053 | 55,865 |
| Purchase of investments | 725,129 | 508,308 | 223,697 | 205,931 |
| Proceeds from sale of investments | 618,000 | 494,325 | 224,097 | 270,000 |
| Repayment (funding) of loan to unconsolidated joint venture | - | 0 | 0 | 0 |
| Proceeds from sale of assets | 2,176 | 290,086 | 95 | 41 |
| Other investing activities | -75 | -217 | 6,949 | -15 |
| Net cash (used in) provided by investing activities | -296,771 | -180,821 | -78,312 | -580,962 |
| Borrowings under revolving credit facility | 900,000 | 320,000 | 295,000 | 80,000 |
| Repayments under revolving credit facility | 90,000 | 125,000 | 95,000 | - |
| Repayment of term loans | 5,750 | 5,750 | 11,500 | 0 |
| Repayment of tower securities | 750,000 | 0 | 0 | 0 |
| Repurchase and retirement of common stock | - | 216,274 | 150,835 | 130,696 |
| Payment of dividends on common stock | 135,195 | 118,232 | 119,140 | 119,365 |
| Proceeds from employee stock purchase/stock option plans | 34,017 | 4,063 | 2,607 | 12,882 |
| Payments related to taxes on stock options and restricted stock units | 19,615 | 632 | 180 | 407 |
| Other financing activities | -3,071 | -1,535 | -754 | -692 |
| Net cash used in financing activities | -69,614 | -143,360 | -79,802 | -158,278 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 6,791 | -8,217 | 4,955 | 7,559 |
| Net change in cash, cash equivalents, and restricted cash | -104,509 | -28,373 | 164,871 | -363,583 |
| Beginning of period | 437,021 | 935,263 | 1,100,134 | 736,551 |
| End of period | 332,512 | -28,373 | 164,871 | -363,583 |
SBA COMMUNICATIONS CORP (SBAC)
SBA COMMUNICATIONS CORP (SBAC)