SBA Communications Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	7,267	6,393	6,426	6,603	5,808
Cash & Equivalents	264.57	189.84	208.55	143.71	367.28
Accounts Receivable	199.41	164.89	199	263.92	150.79
Other Receivables	0.61	4.36	2.1	-	-
Investment In Debt and Equity Securities	34.15	325.9	130.26	224.89	108.99
Other Intangible Assets	2,882	2,389	2,456	2,776	2,803
Loans Receivable Current	63.78	115.28	-	-	-
Restricted Cash	167.8	1,207	38.13	41.96	65.56
Other Current Assets	70.61	43.16	34.42	31.82	30.04
Deferred Long-Term Tax Assets	35.72	53.97	67.47	16.17	51.92
Deferred Long-Term Charges	9.97	8.84	8.71	7.75	6.35
Other Long-Term Assets	578.81	522.92	608.1	474.9	409.17
Total Assets	11,575	11,417	10,178	10,585	9,802
Current Portion of Long-Term Debt	1,936	1,188	643.15	24	24
Current Portion of Leases	299.6	261.02	273.46	262.37	238.5
Long-Term Debt	10,977	12,404	11,681	12,844	12,279
Long-Term Leases	2,119	1,903	1,866	2,041	1,981
Accounts Payable	73.03	59.55	42.2	51.43	34.07
Accrued Expenses	143.07	118.74	127.54	122.5	109.87
Current Unearned Revenue	124.49	132.6	241.27	179.74	190.03
Other Current Liabilities	102.3	38.12	35.64	56.73	19.86
Long-Term Deferred Tax Liabilities	317.11	85.17	119.21	60.94	70.73
Other Long-Term Liabilities	258.87	282.77	284.95	187.13	120.75
Total Liabilities	16,350	16,473	15,314	15,830	15,068
Common Stock	1.06	1.08	1.08	1.08	1.09
Additional Paid-In Capital	3,059	2,975	2,894	2,795	2,681
Retained Earnings	-7,250	-7,326	-7,451	-7,482	-7,204
Comprehensive Income & Other	-664.1	-760.28	-615.2	-590.51	-762.31
Total Common Equity	-4,854	-5,110	-5,171	-5,276	-5,283
Minority Interest	78.26	54.13	35.05	31.74	17.25
Shareholders' Equity	-4,775	-5,056	-5,136	-5,245	-5,266
Total Liabilities & Equity	11,575	11,417	10,178	10,585	9,802
Total Debt	15,331	15,756	14,463	15,171	14,523
Net Cash (Debt)	-15,067	-15,566	-14,255	-15,027	-14,155
Net Cash Per Share	-140.11	-144.03	-130.89	-137.38	-127.32
Filing Date Shares Outstanding	105.79	107.62	108.11	108.04	107.92
Total Common Shares Outstanding	105.67	107.56	108.05	108	108.96
Book Value Per Share	-45.93	-47.51	-47.86	-48.86	-48.49
Tangible Book Value	-7,736	-7,499	-7,626	-8,053	-8,087
Tangible Book Value Per Share	-73.21	-69.72	-70.58	-74.56	-74.22
Land	985.02	1,013	941.36	889.29	848.05
Construction In Progress	72.79	72.2	105.63	77.56	47.57

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.