SBA Communications Corporation (SBAC)
NASDAQ: SBAC · Real-Time Price · USD
180.98
-0.92 (-0.51%)
At close: Jul 31, 2026, 4:00 PM EDT
181.00
+0.02 (0.01%)
After-hours: Jul 31, 2026, 7:58 PM EDT
SBA Communications Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Net Income | 1,021 | 1,054 | 748.68 | 497.42 | 459.8 | 237.62 |
Depreciation & Amortization | 308.55 | 292.29 | 269.52 | 716.31 | 707.58 | 700.16 |
Stock-Based Compensation | 78.96 | 75.73 | 74.37 | 87.92 | 99.91 | 84.4 |
Other Adjustments | -81.89 | 48.48 | 385.35 | 178.28 | 131.54 | 202.84 |
Change in Receivables | -50.69 | -56.25 | 18.11 | 44.39 | -81.35 | -38.24 |
Changes in Accounts Payable | -22.04 | -17.52 | -4.4 | -66.32 | 25.12 | -0.47 |
Changes in Other Operating Activities | -135.28 | -105.86 | -156.76 | 86.41 | -56.89 | 3.58 |
Operating Cash Flow | 1,245 | 1,291 | 1,335 | 1,544 | 1,286 | 1,190 |
Operating Cash Flow Growth | -7.18% | -3.26% | -13.57% | 20.12% | 8.05% | 5.67% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Capital Expenditures | -227.04 | -224.82 | -228.15 | -236.7 | -214.44 | -133.69 |
Sale of Property, Plant & Equipment | 292.4 | 330.65 | 0.33 | 3.72 | - | - |
Purchases of Investments | -1,663 | -1,166 | -1,801 | -1,339 | -881.78 | -1,731 |
Proceeds from Sale of Investments | 1,606 | 1,404 | 1,537 | 1,338 | 878.14 | 1,730 |
Cash Acquisitions | -1,139 | -1,059 | -299.81 | -129.96 | -1,176 | -1,258 |
Other Investing Activities | -6.64 | 113.22 | -17.75 | -104.63 | 0.52 | -31.23 |
Investing Cash Flow | -1,137 | -601.83 | -809.31 | -468.25 | -1,394 | -1,423 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Short-Term Debt Issued | 1,595 | 695 | 370 | 190 | 975 | 1,935 |
Short-Term Debt Repaid | - | -220 | -550 | -730 | -605 | -1,965 |
Net Short-Term Debt Issued (Repaid) | 1,595 | 475 | -180 | -540 | 370 | -30 |
Long-Term Debt Issued | - | - | 4,333 | - | 839.89 | 4,409 |
Long-Term Debt Repaid | -773 | -1,188 | -2,913 | -24 | -664 | -3,206 |
Net Long-Term Debt Issued (Repaid) | -773 | -1,188 | 1,420 | -24 | 175.89 | 1,203 |
Issuance of Common Stock | 53.57 | 55.55 | 35.99 | 44.2 | 38.3 | 86.69 |
Repurchase of Common Stock | -20.83 | -523.31 | -218.82 | -127.49 | -441.62 | -654.48 |
Net Common Stock Issued (Repurchased) | 32.74 | -467.76 | -182.83 | -83.3 | -403.32 | -567.79 |
Common Dividends Paid | -491.93 | -479.01 | -424.19 | -369.96 | -306.77 | -253.58 |
Other Financing Activities | -6.05 | -3.81 | 12.58 | 0.04 | 28.73 | -12.83 |
Financing Cash Flow | -451.05 | -1,664 | 645.74 | -1,017 | -135.47 | 339.26 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Foreign Exchange Rate Adjustments | 11.09 | 10.44 | -21.59 | 2.73 | -2.92 | -13.08 |
Net Cash Flow | -331.59 | -963.64 | 1,150 | 61.66 | -246.34 | 92.82 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Free Cash Flow | 1,018 | 1,067 | 1,107 | 1,308 | 1,071 | 1,056 |
Free Cash Flow Growth | -9.50% | -3.63% | -15.37% | 22.07% | 1.43% | 5.89% |
FCF Margin | 35.67% | 37.88% | 41.30% | 48.23% | 40.68% | 45.75% |
Free Cash Flow Per Share | 9.50 | 9.92 | 10.24 | 12.01 | 9.79 | 9.50 |
Levered Free Cash Flow | 1,764 | 284.72 | 1,870 | 437.51 | 1,469 | 1,981 |
Unlevered Free Cash Flow | 1,057 | 1,084 | 1,271 | 1,337 | 1,271 | 1,306 |