SBA Communications Corporation (SBAC)
NASDAQ: SBAC · Real-Time Price · USD
174.15
-8.13 (-4.46%)
At close: Mar 20, 2026, 4:00 PM EDT
175.80
+1.65 (0.95%)
After-hours: Mar 20, 2026, 7:59 PM EDT
SBA Communications Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Net Income | 370.43 | 240.43 | 225.69 | 217.91 | 178.79 | 255.89 | 159.45 | 154.54 | 109.53 | 85.36 | 201.97 | 100.55 | 102.58 | 99.76 | 69.15 | 188.31 | 48.9 | 47.8 | 152.67 | -11.75 |
Depreciation & Amortization | 80.39 | 76.88 | 69.96 | 65.05 | 65.07 | 63.52 | 64.18 | 76.75 | 171.4 | 180.67 | 181.82 | 182.42 | 183.04 | 173.83 | 176.39 | 174.32 | 169.9 | 170.92 | 175.47 | 183.88 |
Stock-Based Compensation | 19.18 | 19.32 | 21.52 | 15.71 | 17.94 | 16.37 | 18.6 | 21.47 | 22.09 | 21.37 | 18.25 | 26.21 | 25.77 | 25.49 | 23.9 | 24.75 | 25.23 | 17.11 | 21.64 | 20.42 |
Other Adjustments | -330.74 | 27.99 | 38.29 | 55.55 | 72.4 | 31.17 | 121.37 | 111.3 | 34.99 | 93.04 | 2.11 | 44.69 | -22.09 | 57.23 | 80.13 | -50.12 | 6.96 | 93.32 | -44.37 | 92.27 |
Change in Receivables | -19 | -16.52 | -31.13 | 10.4 | -35.17 | -27.08 | 29.27 | 51.09 | -14.29 | 9.11 | 40.46 | 9.1 | -47.46 | -25.82 | 1.73 | -9.81 | -31.87 | -12.95 | 11.11 | -4.52 |
Changes in Accounts Payable | -25.74 | 14.6 | 2.16 | -8.54 | 2.17 | 16.8 | -2.98 | -20.4 | -48.07 | 6.25 | -15.6 | -8.9 | 12.06 | 16.13 | 3.94 | -7 | -8.94 | 5.37 | 7.77 | -4.67 |
Changes in Accrued Expenses | 27.22 | -38 | 40.45 | -26.94 | 29.21 | -25.48 | 25.43 | -24.78 | 27.39 | -24.83 | 27.02 | -25.96 | 29.07 | -25.73 | 27.14 | -25.38 | 22.62 | -39.92 | 39.39 | -27.35 |
Changes in Other Operating Activities | -72.38 | -6.68 | 1.16 | -27.96 | -64.98 | -26.54 | 10.28 | -75.52 | 92.09 | -56.09 | 67.35 | -16.94 | -55.62 | 11.58 | -10.27 | -2.58 | -6.16 | -16.57 | -10.89 | 37.21 |
Operating Cash Flow | 304.03 | 318.03 | 368.1 | 301.18 | 310.17 | 304.65 | 425.59 | 294.45 | 432.61 | 313.68 | 486.93 | 311.17 | 288.63 | 332.47 | 372.12 | 292.48 | 298.57 | 253.05 | 352.78 | 285.5 |
Operating Cash Flow Growth | -1.98% | 4.39% | -13.51% | 2.28% | -28.30% | -2.88% | -12.60% | -5.37% | 49.88% | -5.65% | 30.86% | 6.39% | -3.33% | 31.39% | 5.48% | 2.45% | 22.80% | -12.89% | 12.11% | 2.79% |
Capital Expenditures | -62.73 | -60.05 | -55.87 | -46.17 | -55.55 | -64.76 | -49.97 | -57.87 | -62.72 | -61.39 | -63.45 | -49.14 | -66.1 | -57.38 | -52.96 | -38.01 | -43.29 | -35.03 | -30.84 | -24.54 |
Sale of Property, Plant & Equipment | 290.09 | 0.1 | 0.04 | 40.43 | 0.33 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Purchases of Investments | -508.31 | -223.7 | -205.93 | -228.38 | -596.06 | -523.42 | -369.37 | -311.84 | -333.88 | -377.83 | -413.94 | -213.37 | -375.2 | -224.96 | -251.23 | -30.39 | -975.58 | -0.35 | -0.16 | -755.01 |
Proceeds from Sale of Investments | 494.33 | 224.1 | 270 | 415.84 | 357.5 | 527.6 | 340.65 | 311 | 333.35 | 398.2 | 393.8 | 213 | 395.3 | 240.21 | 212.41 | 30.21 | 975.2 | 0.22 | 0.06 | 755 |
Payments for Business Acquisitions | -394.41 | -11.81 | -589.22 | -63.39 | -31.4 | -207.39 | -41.62 | -19.41 | -37.11 | -53.11 | -19.81 | -19.93 | -757.37 | -65.14 | -138.4 | -215.18 | -69.95 | -57.9 | -77.18 | -1,053 |
Other Investing Activities | 0.22 | -6.95 | 0.02 | 119.94 | -3.72 | -5.94 | -0.9 | -7.2 | 94.49 | -9.39 | -8.19 | -77.33 | 1.02 | 1.65 | 0.37 | -2.51 | -31.82 | 0 | -0.06 | 0.64 |
Investing Cash Flow | -180.82 | -78.31 | -580.96 | 238.27 | -328.89 | -273.9 | -121.21 | -85.31 | -106.37 | -103.53 | -111.59 | -146.76 | -802.34 | -105.62 | -229.81 | -255.88 | -145.44 | -93.07 | -108.17 | -1,077 |
Short-Term Debt Issued | 320 | 295 | 80 | - | - | 175 | 70 | 125 | - | 50 | 70 | 140 | 645 | 322.5 | 165 | 330 | 1,125 | 562.5 | 100 | 710 |
Short-Term Debt Repaid | 70 | 105 | 80 | - | -320 | -95 | -220 | -110 | -380 | -130 | -225 | -185 | -25 | -120 | -150 | - | -425 | -85 | -605 | -500 |
Net Short-Term Debt Issued (Repaid) | 390 | 400 | 160 | - | -320 | 80 | -150 | 15 | -380 | -80 | -155 | -45 | 620 | 202.5 | 15 | 330 | 700 | 477.5 | -505 | 210 |
Long-Term Debt Issued | - | - | - | - | 2,058 | - | -0.01 | 2,275 | - | - | - | - | 839.89 | - | - | - | 1,771 | -0.26 | 576.16 | 1,486 |
Long-Term Debt Repaid | -5.75 | -11.5 | - | -1,171 | -633.01 | -5.75 | -5.75 | -2,268 | -6 | -6 | -6 | -6 | -640 | - | - | - | -1,688 | -844.2 | -758.75 | -757.5 |
Net Long-Term Debt Issued (Repaid) | -5.75 | -11.5 | - | -1,171 | 1,425 | -5.75 | -5.76 | 6.83 | -6 | -6 | -6 | -6 | 199.89 | - | - | - | 83.02 | -844.47 | -182.59 | 728.17 |
Issuance of Common Stock | 4.06 | 2.61 | 12.88 | 36 | 8.84 | 5.84 | 4.21 | 17.09 | 23.14 | 1.75 | 7.37 | 11.94 | 4.56 | 13.51 | 9.4 | 10.84 | 22.56 | 37.03 | 16.3 | 10.84 |
Repurchase of Common Stock | -216.91 | -151.02 | -131.1 | -24.29 | -0.61 | -0.13 | -94.12 | -123.96 | -46.37 | -53.75 | -0.72 | -26.66 | -0.05 | -0.28 | -0.39 | -440.9 | -361.11 | -115.46 | -0.16 | -177.75 |
Net Common Stock Issued (Repurchased) | -212.84 | -148.41 | -118.22 | 11.71 | 8.23 | 5.72 | -89.91 | -106.87 | -23.23 | -52 | 6.65 | -14.72 | 4.51 | 13.22 | 9.01 | -430.06 | -338.55 | -78.43 | 16.14 | -166.91 |
Common Dividends Paid | -118.23 | -119.14 | -119.37 | -122.28 | -105.38 | -105.34 | -105.33 | -108.14 | -91.76 | -92.13 | -92.14 | -93.93 | -76.66 | -76.66 | -76.57 | -76.87 | -63.12 | -63.56 | -63.48 | -63.41 |
Other Financing Activities | -1.54 | -0.75 | -0.69 | -0.82 | 11.87 | -0.54 | -0.52 | 1.76 | -0.57 | -0.65 | 2.33 | -1.08 | -7.13 | -6.62 | -6.7 | 25.18 | 8.33 | -9.59 | -5.07 | -6.51 |
Financing Cash Flow | -143.36 | -79.8 | -158.28 | -1,282 | 1,180 | -65.91 | -276.52 | -191.41 | -311.55 | -230.78 | -314.16 | -160.73 | 430.59 | -190.06 | -224.25 | -151.75 | 30.65 | -236.78 | -155.95 | 701.34 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -8.22 | 4.96 | 7.56 | 6.14 | -11.7 | 3.51 | -9.05 | -4.35 | 4.18 | -2.8 | 1.14 | 0.22 | -7.48 | -7.89 | -3.51 | 15.96 | -2.55 | -7.61 | 7.96 | -10.88 |
Net Cash Flow | -28.37 | 164.87 | -363.58 | -736.55 | 1,149 | -31.65 | 18.81 | 13.39 | 18.86 | -23.43 | 62.33 | 3.9 | -90.59 | 28.9 | -85.46 | -99.19 | 181.23 | -84.41 | 96.63 | -100.62 |
Free Cash Flow | 241.3 | 257.98 | 312.23 | 255 | 254.62 | 239.9 | 375.62 | 236.58 | 369.89 | 252.29 | 423.49 | 262.03 | 222.54 | 275.09 | 319.15 | 254.47 | 255.28 | 218.02 | 321.95 | 260.96 |
Free Cash Flow Growth | -5.23% | 7.54% | -16.88% | 7.79% | -31.16% | -4.91% | -11.30% | -9.71% | 66.21% | -8.29% | 32.69% | 2.97% | -12.83% | 26.18% | -0.87% | -2.49% | 21.60% | -16.82% | 12.18% | 9.44% |
FCF Margin | 33.53% | 35.23% | 44.67% | 38.39% | 36.70% | 35.93% | 56.87% | 35.96% | 54.80% | 36.96% | 62.41% | 38.79% | 32.44% | 40.72% | 48.95% | 41.06% | 42.89% | 37.00% | 55.94% | 47.56% |
Free Cash Flow Per Share | 2.26 | 2.40 | - | - | 2.36 | 2.22 | - | - | 3.41 | - | - | - | 2.04 | 2.52 | 2.92 | 2.33 | 2.31 | 1.95 | 2.89 | 2.38 |
Levered Free Cash Flow | 701.31 | 612.06 | 443.65 | -994.58 | 1,254 | 296.32 | 54 | 74.55 | -96.39 | 46.03 | 239.79 | 131.7 | 1,026 | 420.93 | 228.75 | 619.98 | 966.05 | -234.41 | -354.03 | 1,091 |
Unlevered Free Cash Flow | 202.92 | 297.94 | 347.63 | 236.2 | 414.47 | 285.84 | 431.13 | 189.62 | 346 | 272.25 | 479.1 | 237.93 | 289.29 | 354.58 | 387.76 | 279.78 | 333.76 | 358.61 | 333.44 | 226.95 |
Updated Feb 26, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.