SBA Communications Corporation (SBAC)

SBA Communications Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	7,081	6,393	6,426	6,603	5,808	5,051
Cash & Equivalents	430.31	189.84	208.55	143.71	367.28	308.56
Accounts Receivable	207.69	164.89	199	263.92	150.79	108.88
Other Receivables	4.14	4.36	2.1	-	-	-
Investment In Debt and Equity Securities	22.59	325.9	130.26	224.89	108.99	69.7
Other Intangible Assets	2,725	2,389	2,456	2,776	2,803	3,156
Loans Receivable Current	7.07	-	-	-	-	-
Restricted Cash	30.47	1,207	38.13	41.96	65.56	31.67
Other Current Assets	132.09	43.16	34.42	31.82	30.04	23.88
Deferred Long-Term Tax Assets	42.71	53.97	67.47	16.17	51.92	53.72
Deferred Long-Term Charges	9.65	8.84	8.71	7.75	6.35	4.79
Other Long-Term Assets	567.87	638.2	608.1	474.9	409.17	349.78
Total Assets	11,260	11,417	10,178	10,585	9,802	9,158
Current Portion of Long-Term Debt	772.56	1,188	643.15	24	24	24
Current Portion of Leases	291.54	261.02	273.46	262.37	238.5	236.04
Long-Term Debt	11,945	12,404	11,681	12,844	12,279	11,072
Long-Term Leases	2,020	1,903	1,866	2,041	1,981	2,094
Accounts Payable	219.73	59.55	42.2	51.43	34.07	109.97
Accrued Expenses	114.31	118.74	127.54	122.5	109.87	111.31
Current Unearned Revenue	137.42	132.6	241.27	179.74	190.03	114.91
Other Current Liabilities	75.42	38.12	35.64	56.73	19.86	18.58
Long-Term Deferred Tax Liabilities	-	85.17	119.21	60.94	70.73	82.29
Other Long-Term Liabilities	541.92	282.77	284.95	187.13	120.75	103.96
Total Liabilities	16,118	16,473	15,314	15,830	15,068	13,967
Common Stock	1.07	1.08	1.08	1.08	1.09	1.1
Additional Paid-In Capital	3,038	2,975	2,894	2,795	2,681	2,586
Retained Earnings	-7,285	-7,326	-7,451	-7,482	-7,204	-6,604
Comprehensive Income & Other	-688.1	-760.28	-615.2	-590.51	-762.31	-807.58
Total Common Equity	-4,934	-5,110	-5,171	-5,276	-5,283	-4,824
Minority Interest	76.61	54.13	35.05	31.74	17.25	15.19
Shareholders' Equity	-4,857	-5,056	-5,136	-5,245	-5,266	-4,809
Total Liabilities & Equity	11,260	11,417	10,178	10,585	9,802	9,158
Total Debt	15,029	15,756	14,463	15,171	14,523	13,426
Net Cash (Debt)	-14,599	-15,566	-14,255	-15,027	-14,155	-13,118
Net Cash Per Share	-135.30	-144.03	-130.89	-137.38	-127.32	-115.61
Filing Date Shares Outstanding	106.55	107.62	108.11	108.04	107.92	109.32
Total Common Shares Outstanding	106.77	107.56	108.05	108	108.96	109.82
Book Value Per Share	-46.21	-47.51	-47.86	-48.86	-48.49	-43.93
Tangible Book Value	-7,659	-7,499	-7,626	-8,053	-8,087	-7,981
Tangible Book Value Per Share	-71.73	-69.72	-70.58	-74.56	-74.22	-72.67
Land	1,006	1,013	941.36	889.29	848.05	818.27
Construction In Progress	76.41	72.2	105.63	77.56	47.57	38.07

Updated Nov 3, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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