SBA Communications Corporation (SBAC) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1081436914611945128
Cash and cash equivalents1081436914611839122
Short-term investments   0165
Restricted cash and investments303233372553 
Receivables13212291788310471
Prepaid expense3 33  134119
Contract with customer, asset26 
Costs in excess of billings241711173028
Other current assets331817    
Other undisclosed current assets234 5250(39)(2)
Total current assets:334374260325294327344
Noncurrent Assets
Finance lease, right-of-use asset5
Operating lease, right-of-use asset2,568
Property, plant and equipment2,7952,7862,8122,7922,7822,7622,578
Long-term investments and receivables     4453
Long-term investments     4453
Intangible assets, net (including goodwill)3,6273,3313,5983,6573,7354,1903,387
Intangible assets, net (excluding goodwill)3,6273,3313,5983,6573,7354,1903,387
Restricted cash and investments     69
Deferred costs    949573
Other noncurrent assets432722650587497467401
Other undisclosed noncurrent assets     (50)(62)
Total noncurrent assets:9,4266,8407,0617,0367,1097,5146,440
TOTAL ASSETS:9,7607,2147,3207,3617,4037,8416,783
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities149147152134144180120
Accounts payable32343328274324
Accrued liabilities68647061646686
Employee-related liabilities     13 
Taxes payable     510
Interest and dividends payable494949455353 
Deferred revenue114
Debt769942206272034484
Deferred revenue and credits108981019712095
Other liabilities1710911121714
Other undisclosed current liabilities     (21)35
Total current liabilities:1,0481,206279873273331748
Noncurrent Liabilities
Long-term debt and lease obligation12,0928,9979,2918,1488,5227,8305,397
Long-term debt, excluding current maturities9,8128,9979,2918,1488,5227,8285,395
Finance lease, liability3
Capital lease obligations    12
Operating lease, liability2,277
Liabilities, other than long-term debt271387350335314426358
Asset retirement obligations     65
Deferred tax liabilities, net    7769
Other liabilities271387350335314343284
Other undisclosed noncurrent liabilities     (85)(76)
Total noncurrent liabilities:12,3639,3849,6408,4838,8368,1715,679
Total liabilities:13,41110,5919,9199,3579,1098,5026,426
Temporary equity, carrying amount16      
Stockholders' equity
Stockholders' equity attributable to parent, including:(3,667)(3,377)(2,599)(1,996)(1,706)(661)357
Common stock111111 
Additional paid in capital2,4612,2702,1672,0111,9632,0632,907
Accumulated other comprehensive loss(569)(512)(379)(370)(502)(182)(34)
Accumulated deficit(5,561)(5,136)(4,388)(3,637)(3,168)(2,542)(2,518)
Other undisclosed stockholders' equity attributable to parent      1
Total stockholders' equity:(3,667)(3,377)(2,599)(1,996)(1,706)(661)357
TOTAL LIABILITIES AND EQUITY:9,7607,2147,3207,3617,4037,8416,783

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,0151,8661,7281,6331,6381,5271,305
Revenue, net1,7401,6231,5381,4811,3601,133
Operating lease, lease income1,861
Cost of revenue(493)(469)(446)(421)(444)(700)(636)
Cost of goods and services sold(119)    (428)(408)
Other undisclosed gross profit     272 
Gross profit:1,5221,3971,2811,2121,1941,099669
Operating expenses(204)(143)(131)(134)(115)(490)(439)
Other undisclosed operating loss(734)(710)(692)(690)(767)(272) 
Operating income:583544459387312337230
Nonoperating expense(397)(492)(342)(300)(479)(352)(287)
Investment income, nonoperating(385)(369)(312)(318)(318)(292)(247)
Other nonoperating income (expense)14(86)(2)94(139)1131
Interest and debt expense(0)(14)(2)(53)(1)(44)(6)
Other undisclosed income from continuing operations before equity method investments, income taxes0142531446
Income (loss) from continuing operations before income taxes:1875211787(167)(16)(57)
Income tax expense (benefit)(40)(4)(13)(11)(9)(9)1
Net income (loss):1474710476(176)(24)(56)
Net loss attributable to noncontrolling interest(0)      
Net income (loss) available to common stockholders, diluted:1474710476(176)(24)(56)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1474710476(176)(24)(56)
Other undisclosed comprehensive loss(57)    (149)(36)
Comprehensive income (loss):904710476(176)(173)(92)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (132)(9)132(320)  
Comprehensive income (loss), net of tax, attributable to parent:90(85)94208(495)(173)(92)

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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