SBA Communications Corporation (SBAC) financial statements (2022 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 investments | 309 | 108 | 143 | 69 | 146 | 119 | 45 | ||
| Cash and cash equivalents | 309 | 108 | 143 | 69 | 146 | 118 | 39 | ||
| Short-term investments | 0 | 1 | 6 | ||||||
| Restricted cash and investments | 32 | 30 | 32 | 33 | 37 | 25 | 53 | ||
| Receivables | 74 | 132 | 122 | 91 | 78 | 83 | 104 | ||
| Prepaid expense | 8 | 3 | 33 | 134 | |||||
| Contract with customer, asset | 35 | 26 | ✕ | ✕ | ✕ | ✕ | |||
| Costs in excess of billings | ✕ | ✕ | 24 | 17 | 11 | 17 | 30 | ||
| Other current assets | 11 | 33 | 18 | 17 | |||||
| Other undisclosed current assets | 5 | 2 | 34 | 52 | 50 | (39) | |||
| Total current assets: | 473 | 334 | 374 | 260 | 325 | 294 | 327 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 4 | 5 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 2,369 | 2,568 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2,677 | 2,795 | 2,786 | 2,812 | 2,792 | 2,782 | 2,762 | ||
| Long-term investments and receivables | 44 | ||||||||
| Long-term investments | 44 | ||||||||
| Intangible assets, net (including goodwill) | 3,156 | 3,627 | 3,331 | 3,598 | 3,657 | 3,735 | 4,190 | ||
| Intangible assets, net (excluding goodwill) | 3,156 | 3,627 | 3,331 | 3,598 | 3,657 | 3,735 | 4,190 | ||
| Restricted cash and investments | 6 | ||||||||
| Deferred costs | 94 | 95 | |||||||
| Other noncurrent assets | 478 | 432 | 722 | 650 | 587 | 497 | 467 | ||
| Other undisclosed noncurrent assets | (50) | ||||||||
| Total noncurrent assets: | 8,685 | 9,426 | 6,840 | 7,061 | 7,036 | 7,109 | 7,514 | ||
| TOTAL ASSETS: | 9,158 | 9,760 | 7,214 | 7,320 | 7,361 | 7,403 | 7,841 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 227 | 149 | 147 | 152 | 134 | 144 | 180 | ||
| Accounts payable | 110 | 32 | 34 | 33 | 28 | 27 | 43 | ||
| Accrued liabilities | 63 | 68 | 64 | 70 | 61 | 64 | 66 | ||
| Employee-related liabilities | 13 | ||||||||
| Taxes payable | 5 | ||||||||
| Interest and dividends payable | 54 | 49 | 49 | 49 | 45 | 53 | 53 | ||
| Deferred revenue | 113 | 114 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 25 | 769 | 942 | 20 | 627 | 20 | 34 | ||
| Deferred revenue and credits | ✕ | ✕ | 108 | 98 | 101 | 97 | 120 | ||
| Other liabilities | 14 | 17 | 10 | 9 | 11 | 12 | 17 | ||
| Other undisclosed current liabilities | 235 | (21) | |||||||
| Total current liabilities: | 615 | 1,048 | 1,206 | 279 | 873 | 273 | 331 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 13,166 | 12,092 | 8,997 | 9,291 | 8,148 | 8,522 | 7,830 | ||
| Long-term debt, excluding current maturities | 11,072 | 9,812 | 8,997 | 9,291 | 8,148 | 8,522 | 7,828 | ||
| Finance lease, liability | 2 | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | 1 | ||||||
| Operating lease, liability | 2,092 | 2,277 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 186 | 271 | 387 | 350 | 335 | 314 | 426 | ||
| Asset retirement obligations | 6 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | 77 | ||||||
| Other liabilities | 186 | 271 | 387 | 350 | 335 | 314 | 343 | ||
| Other undisclosed noncurrent liabilities | (85) | ||||||||
| Total noncurrent liabilities: | 13,352 | 12,363 | 9,384 | 9,640 | 8,483 | 8,836 | 8,171 | ||
| Total liabilities: | 13,967 | 13,411 | 10,591 | 9,919 | 9,357 | 9,109 | 8,502 | ||
| Temporary equity, carrying amount | 15 | 16 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (4,824) | (3,667) | (3,377) | (2,599) | (1,996) | (1,706) | (661) | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 2,586 | 2,461 | 2,270 | 2,167 | 2,011 | 1,963 | 2,063 | ||
| 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: | 9,158 | 9,760 | 7,214 | 7,320 | 7,361 | 7,403 | 7,841 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,083 | 2,015 | 1,866 | 1,728 | 1,633 | 1,638 | 1,527 | |
| Revenue, net | ✕ | ✕ | 1,740 | 1,623 | 1,538 | 1,481 | 1,360 | |
| Operating lease, lease income | 1,954 | 1,861 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| 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: | 1,607 | 1,522 | 1,397 | 1,281 | 1,212 | 1,194 | 1,099 | |
| Operating expenses | (202) | (204) | (143) | (131) | (134) | (115) | (490) | |
| Other undisclosed operating loss | (771) | (734) | (710) | (692) | (690) | (767) | (272) | |
| Operating income: | 634 | 583 | 544 | 459 | 387 | 312 | 337 | |
| 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 taxes | 18 | 0 | 14 | 2 | 53 | 1 | 44 | |
| Income (loss) from continuing operations before income taxes: | (18) | 187 | 52 | 117 | 87 | (167) | (16) | |
| Income tax expense (benefit) | 42 | (40) | (4) | (13) | (11) | (9) | (9) | |
| Net income (loss): | 24 | 147 | 47 | 104 | 76 | (176) | (24) | |
| Net income (loss) attributable to noncontrolling interest | 0 | (0) | ||||||
| Net income (loss) available to common stockholders, diluted: | 24 | 147 | 47 | 104 | 76 | (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): | 24 | 147 | 47 | 104 | 76 | (176) | (24) | |
| Other undisclosed comprehensive loss | (239) | (57) | (149) | |||||
| Comprehensive income (loss): | (215) | 90 | 47 | 104 | 76 | (176) | (173) | |
| 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: | (215) | 90 | (85) | 94 | 208 | (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.