SBA Communications Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	749.54	501.81	461.43	237.62	24.1	Upgrade
Depreciation & Amortization	269.52	716.31	707.58	700.16	721.97	Upgrade
Other Amortization	21.27	20.27	19.84	19.59	20.06	Upgrade
Asset Writedown	91.28	154.95	42.81	31.79	39.5	Upgrade
Stock-Based Compensation	74.37	87.92	99.91	84.4	68.89	Upgrade
Change in Accounts Receivable	18.11	44.39	-81.35	-38.24	38.2	Upgrade
Change in Accounts Payable	-4.4	-66.32	25.12	-0.47	13.17	Upgrade
Change in Other Net Operating Assets	-156.76	86.41	-56.89	3.58	-2.66	Upgrade
Other Operating Activities	271.95	-1.34	67.26	151.46	202.8	Upgrade
Operating Cash Flow	1,335	1,544	1,286	1,190	1,126	Upgrade
Operating Cash Flow Growth	-13.57%	20.12%	8.05%	5.67%	16.08%	Upgrade
Acquisition of Real Estate Assets	-527.96	-366.66	-1,391	-440.86	-399.98	Upgrade
Net Sale / Acq. of Real Estate Assets	-527.96	-366.66	-1,391	-440.86	-399.98	Upgrade
Investment in Marketable & Equity Securities	-263.93	-0.67	-3.64	-0.63	-49.5	Upgrade
Other Investing Activities	-17.42	-100.92	0.52	-981.76	3.12	Upgrade
Investing Cash Flow	-809.31	-468.25	-1,394	-1,423	-446.37	Upgrade
Long-Term Debt Issued	4,703	190	1,815	6,344	3,710	Upgrade
Long-Term Debt Repaid	-3,463	-754	-1,269	-5,171	-2,964	Upgrade
Net Debt Issued (Repaid)	1,240	-564	545.89	1,173	746.24	Upgrade
Issuance of Common Stock	35.99	44.2	38.3	86.69	99.13	Upgrade
Repurchase of Common Stock	-218.82	-127.49	-441.62	-654.48	-904.42	Upgrade
Common Dividends Paid	-424.19	-369.96	-306.77	-253.58	-207.69	Upgrade
Other Financing Activities	12.58	0.04	28.73	-12.83	-202.28	Upgrade
Foreign Exchange Rate Adjustments	-21.59	2.73	-2.92	-13.08	-8.96	Upgrade
Net Cash Flow	1,150	61.66	-246.34	92.82	201.69	Upgrade
Cash Interest Paid	395.11	396.59	347.66	360.52	351.89	Upgrade
Cash Income Tax Paid	42.42	25.58	32.32	25.57	20.28	Upgrade
Levered Free Cash Flow	-676.96	988.06	-171.51	559.11	800.42	Upgrade
Unlevered Free Cash Flow	-417.79	1,253	70.99	801.76	1,038	Upgrade
Change in Net Working Capital	1,243	-100.3	34.74	82.89	-137.11	Upgrade

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.