SBA Communications Corporation (SBAC)

SBA Communications Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	2,712	2,633	2,309	2,083	2,015
Revenue Growth (YoY)	2.97%	14.06%	10.83%	3.40%	7.98%
Cost of Revenue	612.62	668.65	545.48	476.53	493.03
Gross Profit	2,099	1,965	1,763	1,607	1,522
Selling, General & Admin	267.94	261.85	220.03	194.27	192.72
Other Operating Expenses	907.37	777.54	760.83	778.65	745.41
Operating Expenses	1,175	1,039	980.86	972.92	938.13
Operating Income	923.66	925.41	782.5	633.69	583.49
Interest Expense / Income	436.24	399.89	400	392.74	393.23
Other Expense / Income	-65.48	-1.96	129.93	258.64	3.66
Pretax Income	552.9	527.47	252.56	-17.69	186.6
Income Tax	51.09	66.04	14.94	-41.8	39.61
Net Income	501.81	461.43	237.62	24.1	146.99
Net Income Growth	8.75%	94.18%	885.83%	-83.60%	209.77%
Shares Outstanding (Basic)	108	108	109	112	113
Shares Outstanding (Diluted)	109	109	111	113	115
Shares Change	-0.44%	-1.61%	-2.02%	-1.07%	-1.56%
EPS (Basic)	4.64	4.27	2.17	0.22	1.30
EPS (Diluted)	4.61	4.22	2.14	0.21	1.28
EPS Growth	9.24%	97.20%	919.05%	-83.59%	212.20%
Free Cash Flow	1,308	1,071	1,056	997.47	815.81
Free Cash Flow Per Share	12.09	9.92	9.66	8.94	7.23
Dividend Per Share	3.400	2.840	2.320	1.860	0.740
Dividend Growth	19.72%	22.41%	24.73%	151.35%	-
Gross Margin	77.41%	74.61%	76.37%	77.12%	75.53%
Operating Margin	34.06%	35.14%	33.89%	30.42%	28.96%
Profit Margin	18.51%	17.52%	10.29%	1.16%	7.30%
Free Cash Flow Margin	48.23%	40.68%	45.75%	47.88%	40.49%
Effective Tax Rate	9.24%	12.52%	5.92%	-	21.22%
EBITDA	1,705	1,635	1,353	1,097	1,277
EBITDA Margin	62.89%	62.08%	58.59%	52.66%	63.38%
Depreciation & Amortization	716.31	707.58	700.16	721.97	697.08
EBIT	989.14	927.37	652.57	375.05	579.83
EBIT Margin	36.48%	35.21%	28.26%	18.00%	28.78%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).