The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 240,433 | 225,692 | 217,906 | 178,791 |
| Depreciation, accretion, and amortization | 76,882 | 69,964 | 65,048 | 65,073 |
| (gain) loss on remeasurement of u.s. denominated intercompany loans | 37,847 | 45,265 | 54,641 | -116,941 |
| Non-cash compensation expense | 19,323 | 21,516 | 15,713 | 17,935 |
| Loss from extinguishment of debt, net | - | - | - | -1,512 |
| Non-cash asset impairment and decommission costs | 17,374 | 42,994 | 35,726 | 17,320 |
| Deferred and non-cash income tax provision | 32,776 | 26,185 | 35,682 | -30,140 |
| Non-cash interest expense | - | - | - | 27,661 |
| Amortization of deferred financing fees | - | - | - | 21,265 |
| Loss on sale of assets | 2 | 518 | -18,785 | - |
| Other non-cash items reflected in the statements of operations | -15,692 | -14,896 | -19,998 | 33,046 |
| Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net | 16,517 | 31,125 | -10,399 | 35,171 |
| Prepaid expenses and other assets | 10,967 | -1,076 | 4,642 | 2,482 |
| Operating lease right-of-use assets, net | 33,657 | 30,373 | 33,080 | 26,112 |
| Accounts payable and accrued expenses | 14,597 | 2,159 | -8,537 | 2,174 |
| Accrued interest | 38,001 | -40,445 | 2,103 | - |
| Long-term lease liabilities | -32,501 | -32,035 | -32,787 | -32,140 |
| Other liabilities | 3,131 | 1,741 | -23,614 | -56,474 |
| Net cash provided by operating activities | 318,030 | 368,098 | 301,175 | 310,169 |
| Acquisitions | 11,805 | 589,222 | 63,388 | 31,402 |
| Capital expenditures | 60,053 | 55,865 | 46,173 | 55,549 |
| Purchase of investments | 223,697 | 205,931 | 228,376 | 596,055 |
| Proceeds from sale of investments | 224,097 | 270,000 | 415,840 | 357,500 |
| Repayment (funding) of loan to unconsolidated joint venture | 0 | 0 | -115,000 | - |
| Loan to unconsolidated joint venture | - | - | - | 11,100 |
| Proceeds from sale of assets | 95 | 41 | 40,428 | - |
| Other investing activities | 6,949 | -15 | -4,935 | -7,716 |
| Net cash used in investing activities | -78,312 | -580,962 | 238,266 | -328,890 |
| Borrowings under revolving credit facility | 295,000 | 80,000 | - | 0 |
| Repayments under revolving credit facility | 95,000 | - | - | 160,000 |
| Proceeds from issuance of term loans, net of fees | - | - | - | 5,750 |
| Repayment of term loans | 11,500 | 0 | 5,750 | 12,744 |
| Proceeds from issuance of tower securities, net of fees | - | - | - | 2,052,136 |
| Repayment of tower securities | 0 | 0 | 1,165,000 | 620,269 |
| Repurchase and retirement of common stock | 150,835 | 130,696 | - | 0 |
| Payment of dividends on common stock | 119,140 | 119,365 | 122,275 | 105,383 |
| Proceeds from employee stock purchase/stock option plans | 2,607 | 12,882 | 36,002 | 8,842 |
| Payments related to taxes on stock options and restricted stock units | 180 | 407 | 24,288 | 614 |
| Other financing activities | -754 | -692 | -824 | 11,872 |
| Net cash used in financing activities | -79,802 | -158,278 | -1,282,135 | 1,179,590 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 4,955 | 7,559 | 6,143 | -11,704 |
| Net change in cash, cash equivalents, and restricted cash | 164,871 | -363,583 | -736,551 | 1,149,165 |
| Cash and cash equivalents at beginning of period | 300,523 | 664,106 | 1,400,657 | 251,492 |
| Cash and cash equivalents at end of period | 465,394 | 300,523 | 664,106 | 1,400,657 |
SBA COMMUNICATIONS CORP (SBAC)
SBA COMMUNICATIONS CORP (SBAC)