| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||||
Site leasing | |||||||||||
1,860,858 | 1,740,434 | 1,623,173 | 1,538,070 | 1,480,634 | 1,360,202 | 1,133,013 | 846,094 | 616,294 | 535,444 | 477,007 | 395,541 |
Site development | |||||||||||
153,787 | 125,261 | 104,501 | 95,055 | 157,840 | 166,794 | 171,853 | 107,990 | 81,876 | 91,175 | 78,506 | 79,413 |
Total revenues | |||||||||||
2,014,645 | 1,865,695 | 1,727,674 | 1,633,125 | 1,638,474 | 1,526,996 | 1,304,866 | 954,084 | 698,170 | 626,619 | 555,513 | 474,954 |
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below): | |||||||||||
Cost of site leasing | |||||||||||
373,951 | 372,296 | 359,527 | 342,215 | 324,655 | 301,313 | 270,772 | 188,951 | 131,916 | 119,141 | 111,842 | 96,175 |
Cost of site development | |||||||||||
119,080 | 96,499 | 86,785 | 78,682 | 119,744 | 127,172 | 137,481 | 90,556 | 71,005 | 80,301 | 68,701 | 71,990 |
Selling, general, and administrative expenses | |||||||||||
192,717 | 142,526 | 130,697 | 143,349 | 114,951 | 103,317 | 85,476 | 72,148 | 62,828 | 58,209 | 52,785 | 48,721 |
Acquisition and new business initiatives related adjustments and expenses | |||||||||||
15,228 | 10,961 | 12,367 | 13,140 | 11,864 | 7,798 | 19,198 | 40,433 | 7,144 | 10,106 | 4,810 | 120 |
Asset impairment and decommission costs | |||||||||||
33,103 | 27,134 | 36,697 | 30,242 | 94,783 | 23,801 | 28,960 | 6,383 | 5,472 | 5,862 | 3,884 | 921 |
Depreciation, accretion, and amortization | |||||||||||
697,078 | 672,113 | 643,100 | 638,189 | 660,021 | 627,072 | 533,334 | 408,467 | 309,146 | 278,727 | 258,537 | 211,445 |
Total operating expenses | |||||||||||
1,431,157 | 1,321,529 | 1,269,173 | 1,245,817 | 1,326,018 | 1,190,473 | 1,075,221 | 806,938 | 587,511 | 552,346 | 500,559 | 429,372 |
Operating income | |||||||||||
583,488 | 544,166 | 458,501 | 387,308 | 312,456 | 336,523 | 229,645 | 147,146 | 110,659 | 74,273 | 54,954 | 45,582 |
Other income (expense): | |||||||||||
Interest income | |||||||||||
5,500 | 6,731 | 11,337 | 10,928 | 3,894 | 677 | 1,794 | 1,128 | 136 | 432 | 1,123 | 6,883 |
Interest expense | |||||||||||
390,036 | 376,217 | 323,749 | 329,171 | 322,366 | 292,600 | 249,051 | 196,241 | 160,896 | 149,921 | 130,853 | 105,328 |
Non-cash interest expense | |||||||||||
3,193 | 2,640 | 2,879 | 2,203 | 1,505 | 27,112 | 49,085 | 70,110 | 63,629 | 60,070 | 49,897 | 33,309 |
Amortization of deferred financing fees | |||||||||||
22,466 | 20,289 | 21,940 | 21,136 | 19,154 | 17,572 | 15,560 | 12,870 | 9,188 | 9,099 | 10,456 | 10,746 |
Loss from extinguishment of debt, net | |||||||||||
-457 | -14,443 | -1,961 | -52,701 | -783 | -26,204 | -6,099 | -51,799 | -1,696 | -49,060 | -5,661 | 44,269 |
Other income (expense), net | |||||||||||
14,053 | -85,624 | -2,418 | 94,278 | -139,137 | 10,628 | 31,138 | 5,654 | -165 | 29 | 163 | -13,478 |
Total other expense, net | |||||||||||
-396,599 | -492,482 | -341,610 | -300,005 | -479,051 | -352,183 | -286,863 | -324,238 | -235,438 | -267,689 | -195,581 | -111,709 |
(Loss) income before income taxes | |||||||||||
186,889 | 51,684 | 116,891 | 87,303 | -166,595 | -15,660 | -57,218 | -177,092 | -124,779 | -193,416 | -140,627 | -66,127 |
Benefit (provision) for income taxes | |||||||||||
39,605 | 4,233 | 13,237 | 11,065 | 9,061 | 8,635 | -1,309 | 6,594 | 2,113 | 1,005 | 492 | 1,037 |
Net loss from continuing operations | |||||||||||
- | - | - | - | - | - | - | -183,686 | -126,892 | -194,421 | - | - |
Income from discontinued operations, net of income taxes | |||||||||||
- | - | - | - | - | - | - | 2,296 | - | - | - | - |
Net (loss) income | |||||||||||
147,284 | 47,451 | 103,654 | - | - | - | - | -181,390 | -126,892 | -194,421 | -141,119 | -67,164 |
Net loss attributable to noncontrolling interests | |||||||||||
293 | - | - | - | - | - | - | -353 | -436 | 253 | -248 | - |
Net (loss) income attributable to SBA Communications Corporation | |||||||||||
146,991 | 47,451 | 103,654 | 76,238 | -175,656 | -24,295 | -55,909 | -181,037 | -126,456 | -194,674 | -140,871 | -67,164 |
Net (loss) income per common share attributable to SBA Communications Corporation: | |||||||||||
Basic | |||||||||||
1.30 | 0.41 | 0.86 | 0.61 | -1.37 | -0.19 | - | - | - | - | - | - |
Diluted | |||||||||||
1.28 | 0.41 | 0.86 | 0.61 | -1.37 | -0.19 | - | - | - | - | - | - |
Weighted average number of common shares | |||||||||||
Basic | |||||||||||
112,809 | 114,909 | 119,860 | 124,448 | 127,794 | 128,919 | - | - | - | - | - | - |
Diluted | |||||||||||
114,693 | 116,515 | 121,022 | 125,144 | 127,794 | 128,919 | - | - | - | - | - | - |
Loss from continuing operations | |||||||||||
- | - | - | - | - | - | - | -1.53 | -1.14 | -1.68 | - | - |
Income from discontinued operations | |||||||||||
- | - | - | - | - | - | - | 0.02 | - | - | - | - |
Net loss per common share | |||||||||||
- | - | - | - | - | - | -0.44 | -1.51 | -1.14 | -1.68 | -1.20 | -0.61 |
Basic and diluted weighted average number of common shares | |||||||||||
- | - | - | - | - | - | 127,769 | 120,280 | 111,595 | 115,591 | 117,165 | 109,882 |