SBAC Stock Cash Flow Statements

SBA Communications Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

SBA Communications Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2016-12-31	2015-12-31	2013-12-31	2013-09-30	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31

cash flows from operating activities:
net income	225,692,000	217,906,000	178,791,000	255,892,000	159,451,000	154,543,000	109,528,000	85,362,000	201,971,000	100,554,000	102,578,000	99,763,000	69,152,000	188,306,000	48,904,000	47,798,000	152,667,000	-11,745,000	106,186,000	22,677,000	23,117,000	-127,933,000	67,557,000	21,765,000	31,973,000	25,989,000	57,153,000	16,144,000	-57,391,000	31,545,000	5,262,000	31,017,000	-19,162,000	21,528,000	-52,586,000			-22,651,000	-29,169,000	-33,437,000	-29,910,000	-34,376,000	-83,854,000	-37,411,000	-43,610,000	-50,189,000	-29,430,000	-17,890,000	2,684,000	-16,423,000	-18,390,000	-14,634,000	-28,879,000	-17,534,000	-15,072,000	-16,394,000	-24,265,000	-24,340,000	-75,638,000	-9,205,000	-32,297,000	-14,444,000	-26,255,000	-21,713,000	-52,103,000	-47,922,000	-51,168,000	-30,840,000	-56,408,000	-33,755,000
adjustments to reconcile net income to net cash from operating activities:
depreciation, accretion, and amortization	69,964,000	65,048,000	65,073,000	63,515,000	64,179,000	76,750,000	171,400,000	180,674,000	181,820,000	182,415,000	183,035,000	173,825,000	176,393,000	174,323,000	169,895,000	170,916,000	175,469,000	183,881,000	180,383,000	180,302,000	178,706,000	182,579,000	179,488,000	174,988,000	171,564,000	171,038,000	169,454,000	167,703,000	169,558,000	165,398,000	158,554,000	161,461,000	133,328,000	133,281,000																					41,650,000	40,293,000	39,893,000	39,014,000	33,173,000	21,008,000	22,258,000	21,673,000	21,644,000	21,643,000	28,698,000
(gain) loss on remeasurement of u.s. denominated intercompany loans	-45,265,000	-54,641,000									-11,794,000			-109,644,000
non-cash compensation expense	21,516,000	15,713,000	17,935,000	16,372,000	18,598,000	21,469,000	22,089,000	21,374,000	18,250,000	26,206,000	25,769,000	25,492,000	23,901,000	24,747,000	25,227,000	17,109,000	21,644,000	20,422,000	16,975,000	17,058,000	18,579,000	16,278,000	12,581,000	12,732,000	24,487,000	23,414,000	10,187,000	10,433,000	11,297,000	10,410,000	8,163,000	6,844,000	4,195,000	4,206,000	3,382,000	3,679,000	3,850,000	3,057,000	2,774,000	2,773,000	3,141,000	2,781,000	2,780,000	2,572,000	2,327,000	1,922,000	2,325,000	1,626,000	1,580,000	1,615,000	2,477,000	1,535,000	1,428,000	1,595,000	2,172,000	1,417,000	1,186,000	1,646,000	1,496,000	1,082,000	139,000	108,000	100,000	115,000	114,000	115,000	115,000	231,000	217,000	269,000
non-cash asset impairment and decommission costs	42,994,000	35,726,000	17,320,000	9,064,000	25,951,000	38,944,000	73,880,000	29,283,000	25,367,000	26,417,000	17,605,000	8,236,000	8,600,000	8,366,000	13,855,000	9,646,000	3,498,000	4,791,000	10,826,000	8,515,000	6,163,000	13,997,000	9,425,000	8,079,000	9,286,000	5,451,000	4,046,000	6,468,000	7,232,000	8,446,000	6,643,000	19,511,000	10,722,000	5,671,000
income from extinguishment of debt			1,512,000	0	0	4,428,000									24,046,000	0	2,020,000	10,652,000	-1,625,000								0	0			18,189,000		335,000	4,000	2,007,000	22,643,000			0	0	0	1,696,000
deferred and non-cash income tax provision	26,185,000	35,682,000				8,283,000				36,320,000
loss on sale of assets	-518,000	18,785,000																																														7,000
other non-cash items reflected in the statements of operations	14,896,000	19,998,000	-33,046,000	16,878,000	15,336,000	16,661,000	-17,546,000	17,242,000	20,206,000	23,883,000	-45,271,000	19,051,000	19,066,000	16,896,000	-48,844,000	20,896,000	20,416,000	17,413,000	-25,721,000	11,825,000	3,748,000	13,127,000	4,542,000	8,240,000	1,952,000	4,647,000	-16,608,000	1,442,000	-716,000	1,296,000	-21,857,000	341,000	157,000	1,038,000	-845,000			-83,000	134,000	-11,000			44,000	-337,000
changes in operating assets and liabilities, net of acquisitions:
accounts receivable and costs and estimated earnings in excess of
billings on uncompleted contracts	-31,125,000	10,399,000	-35,171,000	-27,079,000	29,266,000	51,093,000	-14,287,000	9,107,000	40,463,000	9,103,000	-47,456,000	-25,817,000	1,734,000	-9,812,000		-12,953,000	11,105,000	-4,523,000		14,145,000	14,415,000	19,712,000						-7,483,000	8,026,000	-5,198,000
prepaid expenses and other assets	1,076,000	-4,642,000	-2,482,000	-11,327,000	-4,949,000	-722,000	-11,997,000	-5,513,000	-13,753,000	-4,235,000	1,700,000	-16,641,000	-12,604,000	-2,201,000	-2,654,000	-22,994,000	-6,112,000	3,517,000	5,185,000	-4,550,000	3,622,000	-1,643,000	209,000	-3,246,000	4,045,000	-130,000	-9,979,000	-12,459,000	-6,325,000	-9,277,000	-10,406,000
operating lease right-of-use assets	30,373,000	33,080,000	26,112,000	31,025,000	35,351,000	34,694,000	29,804,000	36,084,000	37,774,000	37,452,000	30,702,000	35,591,000	35,498,000	33,682,000	27,604,000	29,722,000	27,130,000	29,865,000	21,465,000	28,911,000	29,378,000	30,181,000	25,147,000	21,281,000	23,121,000	24,116,000
accounts payable and accrued expenses	2,159,000	-8,537,000	2,174,000	16,799,000	-2,980,000	-20,395,000	-48,067,000	6,247,000	-15,600,000	-8,904,000	12,056,000	16,126,000	3,938,000	-7,002,000	-8,938,000	5,366,000	7,766,000	-4,667,000	7,501,000	1,579,000	8,818,000	-4,725,000	-3,430,000	-4,374,000	6,903,000	-5,050,000	-525,000	5,398,000	6,442,000	-14,336,000	-6,253,000	-3,763,000	-3,371,000	2,485,000	1,115,000	2,539,000	7,890,000	-3,293,000	2,824,000	2,687,000	-251,000	-1,446,000	-177,000	509,000	-4,211,000	2,407,000	3,315,000	-5,519,000	-6,732,000	5,189,000	658,000	-5,304,000	3,768,000	1,234,000	3,070,000	-4,427,000
accrued interest	40,445,000	-26,941,000		-25,481,000	25,426,000	-24,783,000		-24,833,000	27,024,000	-25,958,000		-25,734,000	27,136,000	-25,384,000		-39,915,000	39,389,000	-27,347,000		-16,536,000	17,723,000	-18,197,000		-14,741,000	14,176,000	-13,663,000		-15,578,000	15,902,000	-15,137,000			4,514,000	-4,264,000	11,226,000	10,299,000	38,000	-7,681,000	3,258,000	-3,223,000	7,654,000	-7,631,000	7,618,000	-11,189,000
long-term lease liabilities	-32,035,000	-32,787,000	-32,140,000	-36,051,000	-35,968,000	-37,055,000	-34,884,000	-34,848,000	-34,492,000	-34,475,000	-33,379,000	-33,102,000	-31,952,000	-31,038,000	-29,407,000	-29,113,000	-28,379,000	-26,393,000	-25,648,000	-25,371,000	-25,116,000	-24,712,000	-23,487,000	-22,325,000	-22,080,000	-19,652,000
other liabilities	1,741,000	-23,614,000	-56,474,000	-10,187,000	15,847,000	-72,437,000	109,162,000	-51,810,000	77,817,000	-15,678,000	-54,643,000	25,732,000	-1,213,000	-3,019,000	-1,707,000	5,814,000	-3,530,000	30,218,000	-54,621,000	19,592,000	4,661,000	16,011,000	3,588,000	21,789,000	-19,854,000	1,104,000	13,243,000	2,690,000	5,983,000	1,665,000	11,625,000	11,804,000	14,316,000	22,942,000	18,722,000	7,430,000	12,184,000	6,054,000	988,000	2,884,000	188,000	-530,000	8,409,000	-3,770,000	4,025,000	-287,000	4,999,000	4,466,000	-3,000	6,996,000	3,993,000	-472,000	6,680,000	4,770,000	2,327,000	2,343,000	1,913,000	2,646,000	2,915,000	501,000	1,718,000	264,000	1,899,000	1,225,000	4,754,000	-208,000	-538,000	-901,000	2,020,000	471,000
net cash from operating activities	368,098,000	301,175,000	310,169,000	304,651,000	425,593,000	294,453,000	432,611,000	313,681,000	486,933,000	311,168,000	288,634,000	332,469,000	372,115,000	292,482,000	298,566,000	253,048,000	352,784,000	285,498,000	243,125,000	290,490,000	314,676,000	277,742,000	265,061,000	238,878,000	243,441,000	222,665,000	226,475,000	199,087,000	246,479,000	178,577,000	228,344,000	202,436,000	154,539,000	114,889,000	103,391,000	88,754,000	82,729,000	66,040,000	62,631,000	63,443,000	69,787,000	53,197,000	60,717,000	37,418,000	52,757,000	62,355,000	58,162,000	49,284,000	39,587,000	53,998,000	45,366,000	34,745,000	40,770,000	28,884,000	26,732,000	26,548,000	35,531,000	13,119,000	12,098,000	15,212,000	13,624,000	18,379,000	1,766,000	15,998,000	155,000	2,485,000	-9,512,000	-12,694,000	-2,781,000	-4,821,000
cash flows from investing activities:
acquisitions	-589,222,000	-63,388,000	-31,402,000	-207,387,000	-41,617,000	-19,405,000	-37,110,000	-53,114,000	-19,808,000	-19,929,000	-757,371,000	-65,143,000	-138,397,000	-215,181,000	-69,950,000	-57,903,000	-77,175,000	-1,052,676,000	-71,519,000	-80,864,000	-29,504,000	-89,531,000	-490,256,000	-132,519,000	-95,895,000	-55,287,000	-47,994,000	-118,472,000	-167,741,000	-117,622,000	-85,433,000	-200,819,000
capital expenditures	-55,865,000	-46,173,000	-55,549,000	-64,756,000	-49,973,000	-57,871,000	-62,722,000	-61,393,000	-63,448,000	-49,135,000	-66,095,000	-57,377,000	-52,963,000	-38,008,000	-43,287,000	-35,032,000	-30,839,000	-24,536,000	-33,195,000	-28,392,000	-27,688,000	-39,291,000	-42,855,000	-38,596,000	-36,411,000	-36,374,000	-44,846,000	-36,352,000	-37,518,000	-31,096,000	-35,662,000	-46,396,000	-65,520,000	-33,171,000	-38,804,000	-26,174,000	-23,435,000	-24,852,000	-30,232,000	-40,969,000	-35,582,000	-20,155,000	-15,337,000	-12,161,000	-12,637,000	-12,473,000	-14,071,000	-7,562,000	-9,443,000	-9,948,000	-8,413,000	-8,362,000	-7,725,000	-6,768,000	-7,507,000	-5,771,000	-9,430,000	-6,877,000	-7,037,000	-5,625,000	-6,241,000	-6,212,000	-4,065,000	-3,130,000	-2,604,000	-1,994,000	-2,925,000	-3,121,000	-2,957,000	-6,133,000
free cash flows	312,233,000	255,002,000	254,620,000	239,895,000	375,620,000	236,582,000	369,889,000	252,288,000	423,485,000	262,033,000	222,539,000	275,092,000	319,152,000	254,474,000	255,279,000	218,016,000	321,945,000	260,962,000	209,930,000	262,098,000	286,988,000	238,451,000	222,206,000	200,282,000	207,030,000	186,291,000	181,629,000	162,735,000	208,961,000	147,481,000	192,682,000	156,040,000	89,019,000	81,718,000	64,587,000	62,580,000	59,294,000	41,188,000	32,399,000	22,474,000	34,205,000	33,042,000	45,380,000	25,257,000	40,120,000	49,882,000	44,091,000	41,722,000	30,144,000	44,050,000	36,953,000	26,383,000	33,045,000	22,116,000	19,225,000	20,777,000	26,101,000	6,242,000	5,061,000	9,587,000	7,383,000	12,167,000	-2,299,000	12,868,000	-2,449,000	491,000	-12,437,000	-15,815,000	-5,738,000	-10,954,000
purchase of investments	-205,931,000	-228,376,000	-596,055,000	-523,420,000	-369,369,000	-311,839,000	-333,883,000	-377,833,000	-413,939,000	-213,371,000	-375,200,000	-224,957,000	-251,231,000	-30,393,000	-975,581,000	-354,000	-163,000	-755,013,000	-438,000	-153,241,000	-525,014,000	-610,012,000	-110,048,000	-243,316,000	-135,546,000	-150,053,000	-57,160,000											-1,198,000	-1,180,000	-4,170,000
proceeds from sale of investments	270,000,000	415,840,000	357,500,000	527,600,000	340,650,000	311,000,000	333,351,000	398,202,000	393,798,000	213,003,000	395,303,000	240,213,000	212,408,000	30,214,000	975,197,000	217,000	63,000	755,000,000	4,206,000	325,000,000	300,000,000	610,000,000	110,250,000	260,000,000	105,000,000	150,557,000	55,000,000
repayment (funding) of loan to unconsolidated joint venture	0	115,000,000
proceeds from sale of assets	41,000	40,428,000
other investing activities	15,000	4,935,000	7,716,000	-5,939,000	-899,000	-7,195,000	94,488,000	-9,392,000	-8,188,000	-77,329,000	1,020,000	1,648,000	369,000	-2,513,000	-31,817,000	4,000	-56,000	641,000	7,958,000	-1,911,000	248,000	-3,178,000	817,000	-5,160,000	-7,647,000	6,181,000	-3,030,000	8,595,000	-13,299,000	-2,879,000	-7,639,000	-10,303,000	2,114,000	747,000	-1,088,000	-867,000
net cash from investing activities	-580,962,000	238,266,000	-328,890,000	-273,902,000	-121,208,000	-85,310,000	-106,370,000	-103,530,000	-111,585,000	-146,761,000	-802,343,000	-105,616,000	-229,814,000	-255,881,000	-145,438,000	-93,068,000	-108,170,000	-1,076,584,000	-92,988,000	60,592,000	-281,958,000	-132,012,000	-532,092,000	-159,591,000	-170,499,000	-84,976,000	-98,030,000	-150,162,000	-218,558,000	-151,597,000	-128,022,000	-167,790,000	-375,744,000	-124,070,000	-1,309,858,000	35,661,000	-924,964,000	-75,890,000	-200,638,000	-86,669,000	-111,833,000	-108,748,000	-98,291,000	-72,752,000	-140,777,000	-39,580,000	-43,247,000	-5,471,000	-251,494,000	-45,952,000	-264,662,000	-18,441,000	-9,959,000	-81,076,000	-153,042,000	-57,807,000	-24,805,000	-37,313,000	-667,233,000	-10,525,000	-48,316,000	-28,372,000	-9,595,000	-13,000,000	1,365,000	-1,666,000	13,727,000	30,839,000	119,326,000	-8,436,000
cash flows from financing activities:
borrowings under revolving credit facility			0	175,000,000	70,000,000	125,000,000	0	50,000,000	0	140,000,000	645,000,000	0	0	330,000,000	1,125,000,000	0	100,000,000	710,000,000	380,000,000	0	15,000,000	500,000,000	490,000,000	175,000,000			315,000,000	260,000,000	280,000,000	265,000,000	290,000,000	0	215,000,000	0	100,000,000	0			0	0
repayments under revolving credit facility			-160,000,000	-135,000,000	-145,000,000	-110,000,000	-190,000,000	-130,000,000	-225,000,000	-185,000,000	-335,000,000	-120,000,000			-775,000,000	-85,000,000	-605,000,000	-500,000,000	0	0	-500,000,000	-505,000,000	0	-255,000,000	-120,000,000	-215,000,000	-110,000,000	-225,000,000	-430,000,000	-70,000,000	-50,000,000	-280,000,000	0	0	0
proceeds from issuance of term loans, net of fees			5,750,000	0	-10,000	2,274,825,000
repayment of term loans	0	-5,750,000	-12,744,000	-5,750,000	-5,750,000	-2,268,000,000																	-6,000,000	-6,000,000			-6,000,000	-6,000,000	-1,930,000,000	-5,000,000	-5,000,000	-165,000,000	-2,500,000	-2,500,000
repayment of tower securities	0	-1,165,000,000													-575,000,000	0			0				0				0	0	0	-755,000,000
repurchase and retirement of common stock			0	0	-93,862,000	-106,157,000	-46,358,000				0	0	1,000	-431,667,000	-298,235,000	-115,421,000	1,000	-168,923,000	-480,347,000	-175,658,000	0	-203,330,000	-199,448,000	-172,962,000			-342,042,000	-108,015,000	-306,979,000	-38,545,000									-1,000	-75,000,000	-75,035,000	-75,036,000	-88,400,000	-8,681,000	-1,720,000	0			0	0			0	0	0	-91,236,000
payment of dividends on common stock	-119,365,000	-122,275,000	-105,383,000	-105,344,000	-105,329,000	-108,135,000	-91,759,000	-92,131,000	-92,137,000	-93,933,000	-76,664,000	-76,664,000	-76,565,000	-76,873,000	-63,124,000	-63,563,000	-63,481,000	-63,412,000	-51,490,000	-52,028,000	-51,970,000	-52,201,000	-41,514,000
proceeds from employee stock purchase/stock option plans	12,882,000	36,002,000	8,842,000	5,842,000	4,211,000	17,091,000	23,138,000	1,750,000	7,366,000	11,942,000	4,558,000	13,505,000	9,404,000	10,836,000				10,838,000				38,869,000	3,293,000	24,988,000	24,446,000	63,475,000							38,000	4,062,000	10,207,000	7,341,000	7,841,000	5,763,000	7,551,000	1,904,000	1,427,000	4,919,000	1,928,000	4,825,000	4,077,000	1,159,000	444,000	1,365,000	556,000	1,123,000	3,123,000	1,701,000	1,071,000	936,000	3,364,000	2,379,000
payments related to taxes on stock options and restricted stock units	-407,000	-24,288,000	-614,000	-126,000	-261,000	-17,800,000	-9,000	-95,000	-719,000	-26,658,000	-53,000	-283,000	-394,000	-9,228,000								-44,488,000
other financing activities	-692,000	-824,000	11,872,000	-535,000	-522,000	1,764,000	-6,566,000	-6,648,000	-3,670,000	-7,079,000	-7,132,000	-6,622,000	-6,700,000	25,182,000	8,334,000	-9,591,000	-5,067,000	-6,507,000	17,450,000	-6,529,000	-6,441,000	-6,558,000	-486,000	-307,000	5,710,000	-6,522,000	25,753,000	21,120,000	2,741,000	5,746,000	687,000	16,348,000	480,000		-77,000
net cash from financing activities	-158,278,000	-1,282,135,000	1,179,590,000	-65,913,000	-276,523,000	-191,412,000	-311,554,000	-230,776,000	-314,160,000	-160,728,000	430,594,000	-190,064,000	-224,254,000	-151,750,000	30,652,000	-236,782,000	-155,949,000	701,343,000	-154,767,000	-262,129,000	-8,786,000	-43,335,000	245,267,000	-43,118,000	-106,416,000	-158,047,000	-117,348,000	-57,906,000	-7,332,000	34,049,000	-108,026,000	10,424,000	157,341,000	8,512,000	-2,693,000	1,228,873,000	402,141,000	488,091,000	5,974,000	-75,019,000	224,691,000	86,401,000	147,239,000	-7,709,000	-36,506,000	88,839,000	69,530,000	-32,885,000	-148,392,000	223,839,000	299,583,000	40,407,000	-3,900,000	-1,981,000	4,360,000	204,595,000	-4,993,000	3,013,000	656,857,000	9,253,000	57,149,000	12,348,000	9,934,000	-53,608,000	47,111,000	10,007,000	-31,162,000	-4,900,000	-142,362,000	-27,000
effect of exchange rate changes on cash, cash equivalents, and restricted cash	7,559,000	6,143,000	-11,704,000	3,512,000	-9,050,000	-4,345,000	4,175,000	-2,800,000	1,139,000	220,000	-7,476,000	-7,893,000	-3,507,000	15,961,000	-2,553,000	-7,609,000	7,960,000	-10,880,000	11,465,000	-4,618,000	-1,909,000	-13,900,000	4,204,000	-4,301,000	16,415,000	-14,071,000	3,879,000	-4,058,000	-9,046,000	-504,000
net change in cash, cash equivalents, and restricted cash	-363,583,000	-736,551,000	1,149,165,000	-31,652,000	18,812,000	13,386,000	18,862,000	-23,425,000	62,327,000	3,899,000	-90,591,000	28,896,000	-85,460,000	-99,188,000	181,227,000	-84,411,000	96,625,000	-100,623,000	6,835,000	84,335,000	22,023,000	88,495,000	-17,560,000	31,868,000	-17,059,000	-34,429,000	14,976,000	-13,039,000	11,543,000	60,525,000
cash, cash equivalents, and restricted cash:
beginning of period	0	1,400,657,000		0	0	250,946,000		0	0	189,283,000		0	0	435,626,000		0	0	342,808,000		0	0	141,120,000		0	0	178,300,000		0	0	104,295,000				0		0	0	47,316,000		0	0	64,254,000	0	161,317,000		0	0	78,856,000	0	0	0	70,272,000	0	0	0	46,148,000	0	0	0	45,934,000	0	0	0	69,627,000	0	8,338,000		0	0	61,141,000
end of period	-363,583,000	664,106,000		-31,652,000	18,812,000	264,332,000		-23,425,000	62,327,000	193,182,000		28,896,000	-85,460,000	336,438,000		-84,411,000	96,625,000	242,185,000		84,335,000	22,023,000	229,615,000		31,868,000	-17,059,000	143,871,000		-13,039,000	11,543,000	164,820,000				-33,000		1,354,306,000	-438,815,000	525,554,000		-98,444,000	182,645,000	95,104,000	109,665,000	118,274,000		111,614,000	84,445,000	89,784,000	-360,299,000	231,885,000	80,287,000	126,983,000	26,911,000	-54,173,000	-121,950,000	219,484,000	5,733,000	-21,181,000	1,722,000	59,874,000	22,457,000	2,355,000	2,105,000	19,017,000	48,631,000	19,164,000		13,245,000	-25,817,000	47,857,000
gain on remeasurement of u.s. denominated intercompany loans			116,941,000	-24,948,000	101,494,000	42,980,000		46,516,000	-43,336,000	-41,932,000
deferred income tax (benefit) expense																			29,917,000	-15,397,000	-5,503,000	-72,204,000											-3,972,000	-1,274,000
non-cash interest expense																																454,000	9,934,000	9,642,000	17,829,000	17,874,000	17,416,000	16,991,000	16,534,000	16,089,000	15,613,000	15,393,000	14,780,000	14,867,000	14,470,000	14,035,000	12,417,000	8,975,000
amortization of deferred financing fees																					5,189,000	5,139,000					5,024,000	4,980,000	4,897,000	5,388,000	5,101,000	5,181,000	4,052,000	3,981,000	3,577,000	3,199,000	3,661,000	2,433,000	2,407,000	2,381,000	2,201,000	2,199,000	2,214,000	2,492,000	2,465,000	2,603,000	2,812,000	2,576,000		3,254,000	2,916,000	2,489,000
loan to unconsolidated joint venture
proceeds from issuance of tower securities, net of fees															1,771,568,000	-194,000			-108,000				-578,000				-13,000	-11,000	-358,000	631,848,000
beginning of year
end of year
deferred and non-cash income tax benefit								-1,204,000
deferred income tax expense																								-8,834,000	11,352,000	3,470,000									-96,000	64,000	1,375,000	17,000
proceeds from issuance of senior notes, net of fees															-139,000	0	-158,000	1,485,670,000	-38,000	-684,000	491,690,000	988,516,000
repayment of senior notes															-1,113,409,000	0	0	-757,500,000	0	0	0	-759,143,000
termination of interest rate swap																			0
deferred income tax provision												-7,480,000	-11,250,000	34,262,000
accounts receivable and costs and estimated earnings in excess of billings on
uncompleted contracts
payments related to taxes on net settlement of stock options and restricted stock units																		-8,823,000
loss on remeasurement of u.s. dollar denominated intercompany loans																		86,251,000				230,132,000
deferred income tax benefit																		-26,837,000										-6,514,000											-651,000	-511,000					-165,000
proceeds from employee stock purchase/stock option plans, net of taxes																36,987,000			3,766,000	12,967,000
(gain) loss on remeasurement of u.s. dollar denominated intercompany loans
gain on remeasurement of u.s. dollar denominated intercompany loans																														-1,623,000
(recovery) benefit from doubtful accounts
ar and costs and est. earnings in excess of billings on uncompleted contracts																							1,763,000	-9,363,000	-6,477,000	1,931,000
proceeds from term loans, net of fees																												0				-15,000			-157,000
(gain)/loss on remeasurement of u.s. dollar denominated intercompany loans
gain on remeasurement of u.s. denominated intercompany loan
benefit from doubtful accounts																																					0	149,000					250,000	150,000									0	0											-780,000	360,000	1,795,000	434,000	582,000	743,000
payment for the redemption of 5.625% senior notes
payment for the redemption of 5.75% senior notes																															0
adjustments to reconcile net income to net cash from operating
activities:
(gain) loss on remeasurement of u.s. denominated intercompany loan
gain on sale of cost method investments
payments for settlement of common stock warrants																																0	-55,488,000
repurchase and retirement of common stock, inclusive of fees																															-343,340,000
gain on remeasurement of u.s. dollar denominated intercompany loan
proceeds from 2016 senior notes, net of fees																															-264,000
repayment of 2012-1c tower securities
gain on foreign currency swap contract
payments on settlement of convertible debt																																	0	-1,000
payment for the redemption of 8.25% senior notes
proceeds from 2014 senior notes, net of fees
(gain) loss on remeasurement of u.s. dollar denominated intercompany loan
payment of restricted cash to settle 5.625% senior notes
payment for the redemption of 2010-2c tower securities
proceeds from 2016-1c tower securities, net of fees
effect of exchange rate changes on cash and cash equivalents																																-302,000	-3,433,000	636,000	1,267,000	49,000	-101,000	-3,000	44,000
net increase in cash and cash equivalents																																44,768,000	-67,297,000	-33,000	-1,207,946,000	1,354,306,000	-438,815,000	478,238,000	-131,989,000				109,665,000	-43,043,000	-124,526,000	111,614,000	84,445,000	10,928,000	-360,299,000	231,885,000	80,287,000	56,711,000			-121,950,000	173,336,000			1,722,000	13,940,000	22,457,000	2,355,000	2,105,000	-50,610,000	48,631,000	10,826,000	-26,947,000	13,245,000	-25,817,000	-13,284,000
cash and cash equivalents:
prepaid and other assets																																	-12,836,000	-34,966,000	-31,594,000	-17,597,000	-23,425,000	-10,143,000	-14,854,000	-4,255,000	-6,997,000	-1,319,000	-4,129,000	-2,093,000	1,575,000	-3,903,000	-2,063,000	-4,155,000	-1,520,000	-2,984,000	-3,789,000	-2,613,000	-5,725,000	-2,314,000	-7,250,000	-3,030,000
loss on remeasurement of u.s. denominated intercompany loan
proceeds from sale of cost method investments
proceeds from settlement of convertible note hedges																																	0	2,000
payment for the redemption of 8.25% notes
proceeds from 4.875% senior notes, net of fees
proceeds from issuance of tower securities																																		-1,081,000
repayment of 2010 tower securities
loss on remeasurement of u.s. dollar denominated intercompany loan
proceeds from foreign currency swap contract
non-cash earnout adjustments
payments for earn-outs
payment of deferred financing fees																																					-1,200,000	-33,000	-25,000	-21,000					-13,000	-90,000
income from discontinued operations, net of income taxes																																			53,000
payment for the redemption of 8.0% notes and 8.25% notes
proceeds from 5.625%, 5.75%, and 4.875% senior notes, net of fees
proceeds from sale of common stock, net of fees																																			-7,000	0
proceeds from mobilitie bridge loan, net of fees																																			0	0
repayment of mobilitie bridge loan																																			0
net cash from discontinued operations:
operating activities																																			-53,000
unrealized gain on foreign currency swap contract
gain on sale of bankruptcy claim on convertible hedge
payments for settlement of convertible debt
proceeds from sale of bankruptcy claim on convertible hedge
repayment of bndes loans
payment for purchase of noncontrolling interests
payment of restricted cash relating to sba tower trust
net decrease in cash and cash equivalents
acquisitions and related earn-outs																																	-338,338,000	-91,646,000	-1,275,666,000	-31,598,000	-900,243,000	-51,148,000	-169,965,000	-43,311,000	-75,747,000	-90,297,000	-81,625,000	-30,345,000	-126,179,000	-25,030,000	-25,470,000	-4,119,000		-35,922,000	-256,111,000	-50,382,000	-51,724,000	-54,017,000	-43,921,000	-51,804,000				-24,249,000	-22,511,000	-22,803,000	-5,806,000	-10,206,000	-911,000	-39,000	-377,000	-219,000	-227,000	-2,303,000
gain on sale/settlement of bankruptcy claim on convertible hedge																																	0
proceeds from sale of das networks																																			5,700,000
return of principal on long-term notes
proceeds from 5.625% and 5.75% senior notes, net of fees																																			-727,000
proceeds from sba tower trust series 2012, net of fees																																			-689,000
repurchase of 8.0% notes and 8.25% notes																																			0
proceeds from sale/settlement of bankruptcy claim on convertible hedge																																	0
proceeds from issuance of 2013 tower securities
accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts																																		-14,255,000	-4,584,000	-10,356,000	-2,605,000	-1,259,000	-5,195,000	-1,121,000	1,347,000	1,260,000	-4,847,000	4,184,000	-4,341,000	-2,354,000	1,814,000	1,384,000	-3,000	4,236,000	5,799,000	4,376,000	1,191,000	-3,900,000	-3,188,000	4,714,000
net cash from discontinued operations from operating activities
repurchase of 2016 notes and 2019 notes
proceeds from 2012 term loan, net of fees
proceeds from bankruptcy claim on convertible hedge
principal payments under capital lease obligations																																					-357,000	-291,000	-285,000
payments for early unwind of common stock warrants
depreciation, accretion and amortization																																				101,012,000	93,998,000	82,100,000		78,136,000	76,691,000	74,878,000	68,831,000	67,446,000		64,946,000	64,251,000	63,653,000		52,725,000	49,253,000	47,353,000														20,749,000	20,908,000	21,066,000	16,801,000	25,605,000
proceeds from issuance of common stock																																						283,902,000
payment of financing fees																																																																				-330,000
purchase of redeemable noncontrolling interests
proceeds from settlement of convertible bond hedges
asset impairment																																			3,828,000	1,560,000	646,000	349,000	4,070,000	1,106,000
payments on early extinguishment of convertible debt																																													0
repayments of term loans																																			-3,750,000
proceeds from 2010 tower securities, net of fees
payment on extinguishment of cmbs certificates
payment on extinguishment of 1.875% convertible senior notes
net cash from discontinued operations :
net income from continuing operations
other items reflected in the statements of operations
repayment of revolving credit facility																																							0	0
proceeds from 2011 term loan, net of fees
repayment of 2011 term loan
payment on extinguishment of debt																																								0
purchase of noncontrolling interests																																							0	0
proceeds from sales/maturities of investments																																						1,225,000	695,000	1,715,000
proceeds from disposition of fixed assets																																						54,000	44,000	66,000	-9,000	18,000	22,000	13,000	90,000	494,000	14,000	10,000
release of restricted cash relating to tower removal obligations																																						29,000
borrowings under the revolving credit facility																																						200,000,000
repayment of term loan																																						-1,250,000	-1,250,000
payment of restricted cash relating to cmbs certificates
repurchase of 1.875% convertible notes
purchase of cost method investments
(payment) proceeds of restricted cash relating to tower removal obligations
proceeds from issuance of term loan, net of original issue discount and fees paid																																							-16,000	-41,000
proceeds from issuance of 2010 tower securities, net of fees paid
proceeds from issuance of senior notes, net of original issue discount and fees paid																																													-799,000
proceeds from issuance of convertible senior notes, net of fees paid																																																					-55,000	-8,000	-610,000	342,125,000
release of restricted cash relating to cmbs certificates																																											-1,299,000	3,185,000		10,229,000	-193,000	787,000		-2,001,000				-2,883,000	1,638,000	1,580,000
proceeds from convertible note hedges
repayment of optasite credit facility																																													0	-146,117,000	-1,500,000	-1,500,000
proceeds from issuance of common stock warrants																																													0	0			0	0			0	0	0	27,261,000
purchase of convertible note hedges																																													0	0			0	0			0	0	0	-77,200,000
payment of restricted cash relating to tower removal obligations																																																	-117,000	-95,000	-151,000	-617,000	-718,000	-456,000	-647,000	-257,000			-4,475,000	-630,000
(payment) release of restricted cash relating to 2010 tower securities/cmbs certificates
other
net increase in cash and equivalents																																									182,645,000	30,850,000
deferred tax benefit																																										-298,000	-134,000	-114,000						157,000	61,000	-98,000
other non-cash items reflected in the statement of operations																																										590,000
purchase of long-term investments																																												-32,300,000
proceeds of restricted cash relating to tower removal obligations																																												24,000
proceeds from sales and maturities of investments																																										1,686,000
repurchase of 1.875% notes																																										-17,038,000
borrowings on 2010 credit facility																																										175,000,000
(payment) release of restricted cash relating to 2010 tower securities and cmbs certificates																																										-648,000
payments of deferred financing fees																																										-79,000		-4,952,000
payments on extinguishment of cmbs certificates																																											-977,272,000	-2,086,000
purchase of noncontrolling interest																																										-717,000
provision (credit) for doubtful accounts																																													230,000	0	0	235,000									0	0	0	100,000
gain from extinguishment of debt																																											48,932,000	112,000
write-down of investments
purchase of cost method investment
proceeds (payment) of restricted cash relating to tower removal obligations																																													-31,000	-11,000	-116,000	6,200,000
payment on early extinguishment of cmbs certificates
payments on extinguishment of convertible debt
borrowings under 2010 credit facility and senior credit facility
release (payment) of restricted cash relating to cmbs certificates
net proceeds from the settlement of convertible note hedges
repayment of senior credit facility
payment related to termination of derivative instruments
(payment) release of restricted cash relating to cmbs certificates
proceeds from issuance of 4.0% convertible senior notes, net of fees paid																																														-54,000
payments on senior credit facility
payments on optasite credit facility
borrowings under senior credit facility																																													0	0																						105,000,000
changes in operating assets and liabilities:
maturity of investments																																												2,017,000
gain on sale of assets																																													194,000							4,000	175,000			-18,000		-94,000
write-down of short-term investments																																																		490,000	2,533,000	2,455,000
income from extinguishment of debt and write-off of deferred financing fees
interest payable																																																									2,769,000	270,000	-4,596,000	1,733,000	-3,939,000	5,275,000	-4,557,000	3,372,000	-950,000	-14,023,000	9,168,000	-20,112,000	19,017,000	-10,460,000
proceeds from sales of investments
purchases of investments																																														-2,560,000
proceeds from issuance of 1.875% convertible senior notes, net of fees paid
payments on early extinguishment of cmbs certificates
repayment of senior credit facilty
gain from extinguishment of debt net of write-off of deferred financing fees																																															-2,381,000	-5,948,000
other non-cash items reflected in statements of operations
payments on extinguishment of convertible debt and cmbs certificates																																															-70,963,000	-42,004,000
amortization of deferred gain/loss on derivative financial instruments																																																-126,000	-138,000	-139,000	-140,000	-140,000
borrowings under senior secured revolving credit facility																																																8,507,000		225,448,000
payment of deferred financing fees relating to senior secured revolving credit facility																																																-40,000
accretion of discount on optasite credit facility
deferred tax provision																																																					100,000	41,000
asset impairment and other (credits) charges																																																									0
gain on the termination of derivative instruments
disposition of assets
(credit) benefit from doubtful accounts																																																													0			-300,000
amortization of deferred financing fees and non-cash interest expense
(gain) income from extinguishment of debt and write-off of deferred financing fees
purchase of short-term investments																																																					-17,476,000	-70,275,000
sales and maturities of short-term investments
acquisitions and related earn-outs, net of cash acquired
payment for purchase of aat communications, net of cash acquired
net increase in restricted cash relating to cmbs certificates
initial funding of restricted cash relating to cmbs certificates
payment relating to settlement of swap
proceeds from cmbs certificates, net of fees paid
payment of deferred financing fees relating to revolving credit facility
proceeds from bridge financing, net of fees paid																																																									-68,000	0
repayment of bridge financing
repurchase of 9 3/4% senior discount notes
repurchase of 8 1/2% senior notes
(gain) loss on sale of assets																																																		-4,000
gain on interest rate swap
income from write-off of deferred financing fees and extinguishment of debt																																																					0	0			3,361,000	34,000			19,541,000	0	8,244,000	1,486,000
proceeds from sales of short-term investments																																																		0	0	40,900,000
proceeds from sale of fixed assets																																																		13,000	13,000	20,000	9,000	64,000	33,000	25,000	37,000	112,000	37,000	79,000	196,000	224,000	345,000	570,000	394,000
proceeds from issuance of 1.875% and 0.375% convertible senior notes, net of fees paid																																																		-688,000
repayment of senior secured revolving credit facility																																																		0
payment of deferred financing fees relating to cmbs certificates and senior secured revolving credit facility																																																		-43,000
credit for doubtful accounts																																																				-206,000
borrowings under senior credit agreement																																																				40,000,000
net decrease of restricted cash relating to cmbs certificates																																																				1,879,000
payment of deferred financing fees relating to cmbs certificates and senior credit agreement																																																				-3,173,000
supplemental disclosure of cash flow information:
cash paid during the period for:
interest																																																				23,503,000				26,213,000				7,548,000						28,584,000		41,038,000	3,963,000	28,304,000
income taxes																																																				58,000				139,000				627,000
supplemental cash flow information of non-cash activities:
assets acquired through capital leases																																																				366,000
(payment) proceeds relating to settlement of swap
repayment of 10 1/4% senior notes
proceeds from equity offering, net of fees paid																																																													151,480,000
borrowings under senior credit facility, net of fees paid																																																									-50,000
payment of deferred financing fees relating to 8 1/2% senior notes
bank overdraft repayments
amortization of original issue discount and deferred financing fees																																																						2,245,000	2,222,000	1,792,000	2,841,000	4,494,000	4,953,000	6,141,000
amortization of deferred gain/loss of derivative financial instruments																																																						-141,000	-141,000	-142,000
sale of short-term investments																																																						50,376,000
maturity of short-term investments
payment for purchase of aat communications, corp., net of cash acquired
fees paid relating to equity offering																																																												-44,000
payment of deferred financing fees relating to cmbs certificates																																																						-26,000	-32,000	-314,000
payment of deferred financing fees relating to senior credit facility
loss/(gain) on sale of assets																																																												99,000
payment of deferred financing fees relating to senior revolving credit facility
accretion of interest income on short-term investments																																																									0	0	0	-123,000
maturity of short term investments																																																									0	0	0	19,900,000
interest converted to term loan																																																																	0	554,000	1,377,000	1,141,000
amortization of deferred gain of derivative																																																												-662,000	-313,000	0			-197,000
short term investments																																																																	0
accounts receivable																																																									1,764,000	-2,707,000	-69,000	-1,132,000	3,542,000	-4,705,000	-3,078,000	8,132,000	-5,188,000	2,973,000	-2,380,000	6,845,000	1,278,000	7,386,000
costs and estimated earnings in excess of billings on uncompleted contracts																																																									2,159,000	2,999,000	-1,784,000	2,407,000	-5,014,000	1,427,000	-3,803,000	1,272,000	-2,289,000	-1,732,000	-46,000	-2,992,000	4,182,000	-946,000
prepaid and other current assets																																																									1,717,000	-207,000	-1,496,000	206,000	-575,000	1,619,000	-435,000	145,000	1,213,000	767,000	86,000	-153,000	-1,005,000	729,000
other assets																																																									-2,625,000	-3,535,000	-2,622,000	-1,145,000	-48,000	-2,109,000	-2,543,000	-985,000	-2,102,000	-367,000	-197,000	9,909,000	-12,691,000	-1,197,000
accounts payable																																																									-556,000	-1,519,000	-626,000	-4,321,000	454,000	2,028,000	1,600,000	-3,944,000	2,273,000	-554,000	-429,000	-42,000	-2,354,000	-2,933,000
accrued expenses																																																									-631,000	-1,874,000	3,245,000	-2,110,000	1,080,000	-353,000	907,000	-1,016,000	-1,763,000	-769,000	913,000	225,000	-1,275,000	83,000
deferred revenue																																																									7,395,000	-3,715,000	83,000	1,079,000	-608,000	727,000	581,000	-991,000	-2,106,000	-1,655,000	704,000	329,000	-1,507,000	1,940,000
billings in excess of costs and estimated earnings on uncompleted contracts																																																									49,000	154,000	-93,000	-446,000	960,000	119,000	-221,000	-717,000	773,000	-295,000	728,000	-1,032,000	-135,000	-346,000
purchase of short term investments
sale of short term investment
other acquisitions and related earn-outs																																																									-15,412,000	-28,999,000
(payment) receipt of restricted cash relating to tower removal obligations																																																									-216,000
proceeds from 8 1/2% senior notes, net of fees paid
repurchase of 10 1/4% senior notes																																																													-44,000	0	1,000	-52,547,000	-213,419,000	-61,863,000
repurchase of 12% senior discount notes																																																																		-70,775,000		-25,500,000
bank overdraft (repayments) borrowings
amortization of deferred gain and non-cash interest expense on derivative
payment for purchase of aat communications corp., net of cash acquired																																																										-1,328,000
release of restricted cash relating to cmbs-1 notes																																																										2,033,000
proceeds from employee stock purchase/option plans																																																										1,054,000	2,297,000	1,370,000		1,303,000	1,485,000	278,000	2,019,000	1,000	-9,000	18,000
proceeds from equity offerings, net of fees paid																																																										-7,000
deferred financing fees paid relating to cmbs-1 notes																																																										-34,000
repayment of 9 3/4% senior discount notes																																																													-47,037,000
repayment of 8 1/2% senior notes
repayment of bank overdraft
asset impairment and other charges
amortization of deferred gain and non-cash interest expense on derivative financial instruments
borrowings under senior credit facility, net of financing fees																																																														16,919,000			29,411,000	294,402,000
release of restricted cash relating to cmbs-1 trust																																																												8,240,000
deferred financing fees paid relating to cmbs-1 certificates																																																												-313,000
redemption of 10 1/4% senior notes
non-cash restructuring and other charges																																																													0	31,000	2,000	17,000	27,000	-163,000	-44,000	722,000	124,000	525,000
asset impairment charges																																																													160,000	-16,000	40,000	214,000	5,378,000		6,198,000	50,000
gain/loss on sale of assets
cumulative effect of change in accounting principle
(payment) receipt of restricted cash
proceeds from cmbs-1 trust, net of fees paid
initial funding of restricted cash relating to cmbs-1 trust
net increase in restricted cash relating to cmbs-1 trust
proceeds from settlement of swap
proceeds from 9 3/4% senior discount notes, net of financing fees paid
proceeds from 8 1/2% senior notes, net of financing fees paid
borrowings under senior credit facility, net of financing fees paid
payment of restricted stock guarantee																																																																			0
non-cash items reported in discontinued operations																																																														6,000	-306,000	-64,000	68,000	-124,000	-2,461,000	-2,164,000
amortization of original issue discount and debt issuance fees
receipt of restricted cash
repayment of senior credit facility and notes payable																																																														-5,812,000	-812,000	-813,000	-15,814,000	-151,758,000	-85,018,000	-85,018,000
bank overdraft																																																														0	0	-526,000
(credits) benefit from doubtful accounts
amortization of original issue discount and debt issuance costs																																																															7,947,000	8,140,000	7,902,000	7,540,000	2,164,000	1,343,000	1,272,000	6,232,000
repayment of 9 3/4% bonds
amortization of deferred gain on derivative																																																																-33,000
payment of restricted cash																																																																-234,000		-31,000
income from write-off of deferred financing fees and exintinguishment of debt
proceeds from termination of interest rate swap agreement
receipt (payment) of restricted cash																																																																	4,486,000		13,028,000
proceeds from 9 3/4% senior discount notes payable, net of financing fees
proceeds from 8 1/2% senior notes, net of financing fees
bank overdraft borrowings																																																																			-1,466,000
repurchase of 12% senior notes
class a common stock issued in exchange for 10 1/4% senior notes and accrued interest																																																																		6,395,000
write-off of deferred financing fees and loss on extinguishment of debt																																																																		22,217,000	18,969,000
amortization of deferred gain from derivative																																																																		-178,000	-174,000
short-term investments																																																																		15,200,000
total adjustments																																																																		50,407,000	41,656,000	18,146,000	53,627,000	28,934,000
proceeds from sale of towers																																																																		398,000	4,001,000	45,939,000
taxes																																																																		330,000	228,000	460,000	233,000	931,000
non-cash activities:
cumulative effect of changes in accounting principles																																																																			0	0	0	545,000
changes in operating assets and liabilities, net of effect of acquisitions:
proceeds from 9¾% senior discount notes payable, net of financing fees
proceeds from 10¼% senior notes, net of financing fees
repurchase of senior discount notes and senior notes
cash paid during the year for:
interest, net of amounts capitalized
assets acquired in connection with acquisitions
liabilities assumed in connection with acquisitions
common stock issued in connection with acquisitions
class a common stock issued in exchange for 10¼% senior notes and accrued interest
10¼% senior notes and accrued interest redeemed for class a common stock
write-off of deferred financing fees and extinguishment of debt
amortization of deferred gain from termination of derivative																																																																					-167,000	-164,000
restricted cash
asset impairment charge																																																																						452,000
proceeds from option exercises
repayment of notes payable																																																																						-27,000
depreciation and amortization
amortization of deferred gain from termination of interest rate swap agreement
write-off of deferred financing fees
changes in operating assets and liabilities, net of effect of acquisitions
deferred tax liabilities
tower acquisitions and other capital expenditures
proceeds of common stock offerings, net of issuance costs
proceeds from senior notes payable
restructuring and other charge
proceeds from senior notes payable, net of financing fees
proceeds from senior secured credit facility, net of financing fees
deferred financing fees
assets acquired in acquisitions
non-cash amortization of original issue discount and debt issuance costs
interest on shareholder notes
increase in:
proceeds from exercise of stock options and employee stock purchase plan
redemption of series a redeemable preferred stock

We provide you with 20 years of cash flow statements for SBA Communications stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of SBA Communications stock. Explore the full financial landscape of SBA Communications stock with our expertly curated income statements.

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