SBA Communications Corporation (SBAC)

SBAC Cash Flow Statement

Operating, investing, and financing cash flow analysis

SBAC Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	1.245B	255.085M	304.025M	318.030M	368.098M	301.175M	310.169M	304.651M	425.593M
Net Income	1.018B	184.830M	370.290M	236.816M	225.794M	220.732M	173.630M	258.534M	162.830M
Depreciation & Amortization	390.138M	81.316M	161.976M	76.882M	69.964M	65.048M	65.073M	63.515M	64.179M
Stock-Based Compensation	78.957M	18.936M	19.182M	19.323M	21.516M	15.713M	17.935M	16.372M	18.598M
Change in Accounts Receivable	1.123B	161.474M	663.934M	158.126M	139.890M	129.847M	145.695M	111.018M	88.650M
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	-206.767M	-80.183M	-92.617M	-46.601M	12.634M	-53.042M	-73.143M	-62.301M	61.993M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-227.043M	-48.397M	-62.728M	-60.053M	-55.865M	-46.173M	-55.549M	-64.756M	-49.973M
Acquisitions	-103.718M	-143.496M	0.00	-11.805M	51.583M	-63.388M	-31.402M	-207.387M	-41.617M
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-497.805M	0.00	-216.274M	-150.835M	-130.696M	0.00	0.00	0.00	-93.862M
Dividends Paid	-491.932M	-135.195M	-118.232M	-119.140M	-119.365M	-122.275M	-105.383M	-105.344M	-105.329M
Free Cash Flow (FCF)	1.018B	206.688M	241.297M	257.977M	312.233M	255.002M	254.620M	239.895M	375.620M
Net Change in Cash	-331.622M	-104.509M	-28.401M	164.871M	-363.583M	-736.551M	1.149B	-31.652M	18.812M

SBAC Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	1.291B	1.335B	1.544B	1.286B	1.190B	1.126B	984.892M	852.145M
Net Income	1.054B	749.536M	501.812M	461.429M	237.624M	24.104M	146.991M	47.451M
Depreciation & Amortization	476.450M	269.517M	716.309M	707.576M	700.161M	721.970M	697.078M	672.113M
Stock-Based Compensation	75.734M	74.374M	87.919M	99.909M	84.402M	68.890M	73.214M	42.327M
Change in Accounts Receivable	663.934M	145.695M	182.746M	184.368M	101.950M	74.088M	132.125M	111.035M
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	-179.626M	-143.056M	64.470M	-113.120M	-34.982M	47.092M	10.052M	-46.905M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-224.819M	-228.149M	-236.698M	-214.443M	-133.638M	-128.566M	-154.236M	-149.812M
Acquisitions	0.00	-299.811M	-129.961M	-1.176B	-1.258B	-271.418M	-773.820M	-451.829M
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-497.805M	-200.019M	-100.010M	-431.666M	-582.578M	-859.335M	-466.982M	-795.581M
Dividends Paid	-479.012M	-424.191M	-369.960M	-306.766M	-253.580M	-207.689M	-83.387M	0.00
Free Cash Flow (FCF)	1.067B	1.107B	1.308B	1.071B	1.056B	997.467M	830.656M	702.333M
Net Change in Cash	-964.122M	1.150B	61.663M	-246.343M	92.818M	201.688M	-37.180M	74.005M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About SBA Communications Corporation

SBA Communications Corporation stands as a premier owner, operator, and provider of crucial wireless communication infrastructure across North, Central, and South America, in addition to South Africa. Guided by its mission to 'Build Better Wireless,' the company primarily earns revenue from two core business areas: the leasing of antenna space and providing comprehensive site development services. Its central activity revolves around renting out capacity on its shared communication towers to various wireless service providers through long-term contractual agreements. For further details, please visit www.sbasite.com.

Boca Raton, FL

1,720 employees

www.sbasite.com

Real Estate / REIT - Specialty

Sector: Real Estate
Industry: REIT - Specialty
CEO: Brendan Thomas Cavanagh

View full financials