SBA Communications Corporation (SBAC) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36730910814369146119
Cash and cash equivalents36730910814369146118
Short-term investments     01
Restricted cash and investments66323032333725
Receivables10274132122917883
Prepaid expense1183 33  
Contract with customer, asset493526 
Costs in excess of billings24171117
Other current assets1611331817  
Other undisclosed current assets35234 5250
Total current assets:614473334374260325294
Noncurrent Assets
Finance lease, right-of-use asset 45
Operating lease, right-of-use asset2,2682,3692,568
Property, plant and equipment2,5752,6772,7952,7862,8122,7922,782
Intangible assets, net (including goodwill)2,8033,1563,6273,3313,5983,6573,735
Intangible assets, net (excluding goodwill)2,8033,1563,6273,3313,5983,6573,735
Deferred costs      94
Other noncurrent assets576478432722650587497
Other undisclosed noncurrent assets964      
Total noncurrent assets:9,1878,6859,4266,8407,0617,0367,109
TOTAL ASSETS:9,8029,1589,7607,2147,3207,3617,403
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities151227149147152134144
Accounts payable341103234332827
Accrued liabilities68636864706164
Interest and dividends payable49544949494553
Deferred revenue184113114
Debt26257699422062720
Deferred revenue and credits1089810197
Other liabilities1814171091112
Other undisclosed current liabilities237235     
Total current liabilities:6166151,0481,206279873273
Noncurrent Liabilities
Long-term debt and lease obligation14,26013,16612,0928,9979,2918,1488,522
Long-term debt, excluding current maturities12,27911,0729,8128,9979,2918,1488,522
Finance lease, liability223
Operating lease, liability1,9792,0922,277
Liabilities, other than long-term debt191186271387350335314
Other liabilities191186271387350335314
Total noncurrent liabilities:14,45213,35212,3639,3849,6408,4838,836
Total liabilities:15,06813,96713,41110,5919,9199,3579,109
Temporary equity, carrying amount171516    
Stockholders' equity
Stockholders' equity attributable to parent(5,283)(4,824)(3,667)(3,377)(2,599)(1,996)(1,706)
Common stock1111111
Additional paid in capital2,6812,5862,4612,2702,1672,0111,963
Accumulated other comprehensive loss(762)(808)(569)(512)(379)(370)(502)
Accumulated deficit(7,204)(6,604)(5,561)(5,136)(4,388)(3,637)(3,168)
Total stockholders' equity:(5,283)(4,824)(3,667)(3,377)(2,599)(1,996)(1,706)
TOTAL LIABILITIES AND EQUITY:9,8029,1589,7607,2147,3207,3617,403

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,3092,0832,0151,8661,7281,6331,638
Revenue, net1,7401,6231,5381,481
Operating lease, lease income2,1041,9541,861
Cost of revenue(545)(477)(493)(469)(446)(421)(444)
Cost of goods and services sold(159)(103)(119)    
Gross profit:1,7631,6071,5221,3971,2811,2121,194
Operating expenses(226)(202)(204)(143)(131)(134)(115)
Other undisclosed operating loss(754)(771)(734)(710)(692)(690)(767)
Operating income:782634583544459387312
Nonoperating expense(530)(651)(397)(492)(342)(300)(479)
Investment income, nonoperating(349)(365)(385)(369)(312)(318)(318)
Other nonoperating income (expense)(74)(222)14(86)(2)94(139)
Interest and debt expense(37)(18)(0)(14)(2)(53)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes 180142531
Income (loss) from continuing operations before equity method investments, income taxes:216(18)1875211787(167)
Other undisclosed income from continuing operations before income taxes37      
Income (loss) from continuing operations before income taxes:253(18)1875211787(167)
Income tax expense (benefit)(15)42(40)(4)(13)(11)(9)
Net income (loss):238241474710476(176)
Net income (loss) attributable to noncontrolling interest 0(0)    
Net income (loss) available to common stockholders, diluted:238241474710476(176)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):238241474710476(176)
Other undisclosed comprehensive income (loss)45(239)(57)    
Comprehensive income (loss):283(215)904710476(176)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 0(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:283(215)90(85)94208(495)

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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