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
Cash & Equivalents	264.57	189.84	208.55	143.71	367.28
Cash & Short-Term Investments	264.57	189.84	208.55	143.71	367.28
Cash Growth	39.36%	-8.97%	45.12%	-60.87%	19.03%
Accounts Receivable	171.26	145.7	182.75	184.37	101.95
Restricted Cash	167.8	1,207	38.13	41.96	65.56
Other Current Assets	169.8	436.53	54.85	112.7	79.66
Total Current Assets	773.43	1,979	484.27	482.73	614.45
Net Property, Plant & Equipment	7,267	6,393	6,426	6,603	5,808
Other Intangible Assets	2,882	2,389	2,456	2,776	2,803
Other Long-Term Assets	651.99	657.1	812.48	722.37	575.64
Total Assets	11,575	11,417	10,178	10,585	9,802
Accounts Payable	73.03	59.55	42.2	51.43	34.07
Accrued Expenses	158.54	144.22	150.12	155.66	117.17
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
Unearned Revenue	117.31	127.31	235.67	154.55	184.38
Other Current Liabilities	94.01	17.93	18.66	48.76	18.22
Total Current Liabilities	2,678	1,798	1,363	696.76	616.33
Long-Term Debt	10,964	12,404	11,681	12,844	12,279
Long-Term Leases	2,119	1,903	1,866	2,041	1,981
Other Long-Term Liabilities	588.24	367.94	404.16	248.07	191.48
Total Long-Term Liabilities	13,672	14,675	13,951	15,133	14,452
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
Accumulated Other Comprehensive Income	-664.1	-760.28	-615.2	-590.51	-762.31
Retained Earnings	-7,250	-7,326	-7,451	-7,482	-7,204
Total Common Shareholders' 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	15,319	15,756	14,463	15,171	14,523
Net Cash (Debt)	-15,055	-15,566	-14,255	-15,027	-14,155
Net Cash Per Share	-140.00	-144.03	-130.89	-137.38	-127.32
Book Value	-4,854	-5,110	-5,171	-5,276	-5,283
Book Value Per Share	-45.14	-47.28	-47.48	-48.24	-47.52
Tangible Book Value	-7,736	-7,499	-7,626	-8,053	-8,087
Tangible Book Value Per Share	-71.94	-69.38	-70.03	-73.62	-72.74

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.