SBA Communications Corporation (SBAC)
NASDAQ: SBAC · Real-Time Price · USD
182.73
-2.13 (-1.15%)
Nov 3, 2026, 11:56 AM EST - Market open
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 | Sep '26 Sep 30, 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 | 985.21 | 1,054 | 749.54 | 501.81 | 461.43 | 237.62 |
Depreciation & Amortization | 327.51 | 292.29 | 269.52 | 716.31 | 707.58 | 700.16 |
Other Amortization | 21.87 | 21.87 | 21.27 | 20.27 | 19.84 | 19.59 |
Gain (Loss) on Sale of Assets | -227.31 | -208.4 | 0.71 | 7.62 | - | - |
Asset Writedown | 137.26 | 174.09 | 91.28 | 154.95 | 42.81 | 31.79 |
Stock-Based Compensation | 82.88 | 75.73 | 74.37 | 87.92 | 99.91 | 84.4 |
Change in Accounts Receivable | 7.26 | -56.25 | 18.11 | 44.39 | -81.35 | -38.24 |
Change in Accounts Payable | -23.54 | -17.52 | -4.4 | -66.32 | 25.12 | -0.47 |
Change in Other Net Operating Assets | -110.19 | -105.86 | -156.76 | 86.41 | -56.89 | 3.58 |
Other Operating Activities | 90.43 | 61.75 | 271.24 | -8.95 | 67.26 | 151.46 |
Operating Cash Flow | 1,291 | 1,291 | 1,335 | 1,544 | 1,286 | 1,190 |
Operating Cash Flow Growth | -0.47% | -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 | Sep '26 Sep 30, 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 |
Acquisition of Real Estate Assets | -246.33 | -224.82 | -228.15 | -236.7 | -214.44 | -133.69 |
Sale of Real Estate Assets | 440.94 | 330.65 | 0.33 | 3.72 | - | - |
Net Sale / Acq. of Real Estate Assets | 194.61 | 105.83 | -227.82 | -232.98 | -214.44 | -133.69 |
Cash Acquisition | -599.09 | -1,059 | -299.81 | -129.96 | -1,176 | -1,258 |
Investment in Marketable & Equity Securities | -39.51 | 237.95 | -263.93 | -0.67 | -3.64 | -0.63 |
Other Investing Activities | -7.27 | 113.22 | -17.75 | -104.63 | 0.52 | -31.23 |
Investing Cash Flow | -451.26 | -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 | Sep '26 Sep 30, 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 |
Long-Term Debt Issued | - | 695 | 4,703 | 190 | 1,815 | 6,344 |
Long-Term Debt Repaid | - | -1,408 | -3,463 | -754 | -1,269 | -5,171 |
Net Debt Issued (Repaid) | 150.37 | -713 | 1,240 | -564 | 545.89 | 1,173 |
Issuance of Common Stock | 41.09 | 55.55 | 35.99 | 44.2 | 38.3 | 86.69 |
Repurchase of Common Stock | -539.31 | -523.31 | -218.82 | -127.49 | -441.62 | -654.48 |
Common Dividends Paid | -517.34 | -479.01 | -424.19 | -369.96 | -306.77 | -253.58 |
Other Financing Activities | -5.53 | -3.81 | 12.58 | 0.04 | 28.73 | -12.83 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 | -1.03 | 10.44 | -21.59 | 2.73 | -2.92 | -13.08 |
Net Cash Flow | -31.62 | -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 | Sep '26 Sep 30, 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 |
Levered Free Cash Flow | 662.94 | 1,928 | -400.51 | 926.64 | 920.96 | 833.86 |
Unlevered Free Cash Flow | 962.48 | 2,218 | -141.33 | 1,192 | 1,163 | 1,077 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 353.23 | 467.4 | 395.11 | 396.59 | 347.66 | 360.52 |
Cash Income Tax Paid | 86.65 | 52.78 | 42.42 | 25.58 | 32.32 | 25.57 |
Change in Working Capital | -126.47 | -179.63 | -143.06 | 64.47 | -113.12 | -35.13 |