SBA Communications Corporation (SBAC) financial statements (2021 and earlier)

Company profile

Business Address 8051 CONGRESS AVENUE
BOCA RATON, FL 33487
State of Incorp. FL
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments108129127118143136135
Cash and cash equivalents108129102118143136135
Short-term investments 125    
Restricted cash and investments30282324322525
Receivables13212311711312210087
Prepaid expense34     
Contract with customer, asset26      
Costs in excess of billings23241814
Other current assets33162121181735
Other undisclosed current assets230272343132
Total current assets:334329316301374328327
Noncurrent Assets
Finance lease, right-of-use asset5   
Operating lease, right-of-use asset2,568   
Property, plant and equipment2,7952,7632,7622,7612,7862,7882,778
Intangible assets, net (including goodwill)3,6273,2623,2383,2593,3313,3883,460
Intangible assets, net (excluding goodwill)3,6273,2623,2383,2593,3313,3883,460
Other noncurrent assets432397451440722710724
Other undisclosed noncurrent assets 2,4502,5032,552   
Total noncurrent assets:9,4268,8728,9549,0126,8406,8866,963
TOTAL ASSETS:9,7609,2019,2699,3137,2147,2147,289
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities149133149123147134143
Accounts payable32354135343232
Accrued liabilities68635854646861
Interest and dividends payable49344935493450
Deferred revenue114   
Debt769249439429422424
Deferred revenue and credits991089795
Other liabilities1711911101116
Other undisclosed current liabilities 343327229   
Total current liabilities:1,0485101,4281,4051,206266278
Noncurrent Liabilities
Long-term debt and lease obligation12,0929,8228,7498,7818,9979,7109,676
Long-term debt, excluding current maturities9,8129,8228,7498,7818,9979,7109,676
Finance lease, liability3   
Operating lease, liability2,277   
Liabilities, other than long-term debt271241196147387383378
Other liabilities271241196147387383378
Other undisclosed noncurrent liabilities 2,1752,2362,283   
Total noncurrent liabilities:12,36312,23711,18111,2119,38410,09310,054
Total liabilities:13,41112,74712,60912,61610,59110,35910,332
Temporary equity, carrying amount1614     
Stockholders' equity
Stockholders' equity attributable to parent(3,667)(3,560)(3,339)(3,303)(3,377)(3,145)(3,042)
Common stock1111111
Additional paid in capital2,4612,4462,4082,3592,2702,2342,217
Accumulated other comprehensive loss(569)(621)(555)(532)(512)(529)(501)
Accumulated deficit(5,561)(5,387)(5,194)(5,131)(5,136)(4,852)(4,760)
Total stockholders' equity:(3,667)(3,560)(3,339)(3,303)(3,377)(3,145)(3,042)
TOTAL LIABILITIES AND EQUITY:9,7609,2019,2699,3137,2147,2147,289

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues514508500493484467456
Revenue, net445435430
Cost of revenue(121)(124)(124)(124)(122)(117)(114)
Cost of goods and services sold(26)(31)(31)(31)   
Gross profit:392384376369362350342
Operating expenses(55)(42)(56)(51)(36)(35)(36)
Other undisclosed operating loss(183)(188)(184)(179)(176)(178)(180)
Operating income:154154136139150138126
Nonoperating expense(70)(135)(89)(103)(77)(124)(202)
Investment income, nonoperating(97)(95)(96)(97)(96)(94)(92)
Other nonoperating income (expense)35(34)13(1)25(25)(90)
Interest and debt expense15(5)(5)(5) (5)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes0   14  
Income (loss) from continuing operations before equity method investments, income taxes:100144231879(81)
Other undisclosed income (loss) from continuing operations before income taxes(15)555(14)55
Income (loss) from continuing operations before income taxes:841948367314(76)
Income tax expense (benefit)(17)3(16)(10)(16)218
Net income (loss):682232265716(57)
Net loss attributable to noncontrolling interest(0)(0)     
Net income (loss) available to common stockholders, diluted:672232265716(57)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):682232265716(57)
Other undisclosed comprehensive income (loss)52(66)     
Comprehensive income (loss):120(44)32265716(57)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (23)(20)17(28)(122)
Comprehensive income (loss), net of tax, attributable to parent:119(44)9674(11)(179)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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