SBA Communications Corporation (SBAC)

SBA Communications Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	815.73	749.54	501.81	461.43	237.62	24.1
Depreciation & Amortization	257.82	269.52	716.31	707.58	700.16	721.97
Other Amortization	21.27	21.27	20.27	19.84	19.59	20.06
Asset Writedown	88.06	91.28	154.95	42.81	31.79	39.5
Stock-Based Compensation	68.62	74.37	87.92	99.91	84.4	68.89
Change in Accounts Receivable	-22.59	18.11	44.39	-81.35	-38.24	38.2
Change in Accounts Payable	7.46	-4.4	-66.32	25.12	-0.47	13.17
Change in Other Net Operating Assets	-111.36	-156.76	86.41	-56.89	3.58	-2.66
Other Operating Activities	197.81	271.95	-1.34	67.26	151.46	202.8
Operating Cash Flow	1,342	1,335	1,544	1,286	1,190	1,126
Operating Cash Flow Growth	-12.18%	-13.57%	20.12%	8.05%	5.67%	16.08%
Acquisition of Real Estate Assets	-560.25	-527.96	-366.66	-1,391	-440.86	-399.98
Net Sale / Acq. of Real Estate Assets	-519.82	-527.96	-366.66	-1,391	-440.86	-399.98
Investment in Marketable & Equity Securities	44.87	-263.93	-0.67	-3.64	-0.63	-49.5
Other Investing Activities	-10.79	-17.42	-100.92	0.52	-981.76	3.12
Investing Cash Flow	-485.73	-809.31	-468.25	-1,394	-1,423	-446.37
Long-Term Debt Issued	-	4,703	190	1,815	6,344	3,710
Long-Term Debt Repaid	-	-3,463	-754	-1,269	-5,171	-2,964
Net Debt Issued (Repaid)	47.61	1,240	-564	545.89	1,173	746.24
Issuance of Common Stock	54.9	35.99	44.2	38.3	86.69	99.13
Repurchase of Common Stock	-119.15	-218.82	-127.49	-441.62	-654.48	-904.42
Common Dividends Paid	-438.33	-424.19	-369.96	-306.77	-253.58	-207.69
Other Financing Activities	9.99	12.58	0.04	28.73	-12.83	-202.28
Foreign Exchange Rate Adjustments	-11.1	-21.59	2.73	-2.92	-13.08	-8.96
Net Cash Flow	399.77	1,150	61.66	-246.34	92.82	201.69
Cash Interest Paid	406.19	395.11	396.59	347.66	360.52	351.89
Cash Income Tax Paid	42.45	42.42	25.58	32.32	25.57	20.28
Levered Free Cash Flow	455.93	-676.96	988.06	-171.51	559.11	800.42
Unlevered Free Cash Flow	719.98	-417.79	1,253	70.99	801.76	1,038
Change in Net Working Capital	59.34	1,243	-100.3	34.74	82.89	-137.11

Updated Apr 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q