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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3091081436914611945
Cash and cash equivalents3091081436914611839
Short-term investments    016
Restricted cash and investments32303233372553
Receivables74132122917883104
Prepaid expense83 33  134
Contract with customer, asset3526 
Costs in excess of billings2417111730
Other current assets11331817   
Other undisclosed current assets5234 5250(39)
Total current assets:473334374260325294327
Noncurrent Assets
Finance lease, right-of-use asset45
Operating lease, right-of-use asset2,3692,568
Property, plant and equipment2,6772,7952,7862,8122,7922,7822,762
Long-term investments and receivables      44
Long-term investments      44
Intangible assets, net (including goodwill)3,1563,6273,3313,5983,6573,7354,190
Intangible assets, net (excluding goodwill)3,1563,6273,3313,5983,6573,7354,190
Restricted cash and investments      6
Deferred costs     9495
Other noncurrent assets478432722650587497467
Other undisclosed noncurrent assets      (50)
Total noncurrent assets:8,6859,4266,8407,0617,0367,1097,514
TOTAL ASSETS:9,1589,7607,2147,3207,3617,4037,841
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities227149147152134144180
Accounts payable110323433282743
Accrued liabilities63686470616466
Employee-related liabilities      13
Taxes payable      5
Interest and dividends payable54494949455353
Deferred revenue113114
Debt25769942206272034
Deferred revenue and credits1089810197120
Other liabilities1417109111217
Other undisclosed current liabilities235     (21)
Total current liabilities:6151,0481,206279873273331
Noncurrent Liabilities
Long-term debt and lease obligation13,16612,0928,9979,2918,1488,5227,830
Long-term debt, excluding current maturities11,0729,8128,9979,2918,1488,5227,828
Finance lease, liability23
Capital lease obligations    1
Operating lease, liability2,0922,277
Liabilities, other than long-term debt186271387350335314426
Asset retirement obligations      6
Deferred tax liabilities, net    77
Other liabilities186271387350335314343
Other undisclosed noncurrent liabilities      (85)
Total noncurrent liabilities:13,35212,3639,3849,6408,4838,8368,171
Total liabilities:13,96713,41110,5919,9199,3579,1098,502
Temporary equity, carrying amount1516     
Stockholders' equity
Stockholders' equity attributable to parent(4,824)(3,667)(3,377)(2,599)(1,996)(1,706)(661)
Common stock1111111
Additional paid in capital2,5862,4612,2702,1672,0111,9632,063
Accumulated other comprehensive loss(808)(569)(512)(379)(370)(502)(182)
Accumulated deficit(6,604)(5,561)(5,136)(4,388)(3,637)(3,168)(2,542)
Total stockholders' equity:(4,824)(3,667)(3,377)(2,599)(1,996)(1,706)(661)
TOTAL LIABILITIES AND EQUITY:9,1589,7607,2147,3207,3617,4037,841

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,0832,0151,8661,7281,6331,6381,527
Revenue, net1,7401,6231,5381,4811,360
Operating lease, lease income1,9541,861
Cost of revenue(477)(493)(469)(446)(421)(444)(700)
Cost of goods and services sold(103)(119)    (428)
Other undisclosed gross profit      272
Gross profit:1,6071,5221,3971,2811,2121,1941,099
Operating expenses(202)(204)(143)(131)(134)(115)(490)
Other undisclosed operating loss(771)(734)(710)(692)(690)(767)(272)
Operating income:634583544459387312337
Nonoperating expense(651)(397)(492)(342)(300)(479)(352)
Investment income, nonoperating(365)(385)(369)(312)(318)(318)(292)
Other nonoperating income (expense)(222)14(86)(2)94(139)11
Interest and debt expense(18)(0)(14)(2)(53)(1)(44)
Other undisclosed income from continuing operations before equity method investments, income taxes18014253144
Income (loss) from continuing operations before income taxes:(18)1875211787(167)(16)
Income tax expense (benefit)42(40)(4)(13)(11)(9)(9)
Net income (loss):241474710476(176)(24)
Net income (loss) attributable to noncontrolling interest0(0)     
Net income (loss) available to common stockholders, diluted:241474710476(176)(24)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):241474710476(176)(24)
Other undisclosed comprehensive loss(239)(57)    (149)
Comprehensive income (loss):(215)904710476(176)(173)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(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:(215)90(85)94208(495)(173)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: