SBA COMMUNICATIONS CORPORATION SBAC Income Statement

Sba communications corporation (SBAC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Site leasing
1,901,031	1,860,858	1,824,506	1,791,194	1,762,075	1,740,434	1,709,770	1,683,048	1,656,165	1,623,173	1,602,698	1,582,328	1,561,170	1,538,070	1,512,913	1,496,738	1,485,357	1,480,634	1,473,602	1,450,619	1,420,609	1,360,202	1,291,307	1,229,780	1,168,829	1,133,013	1,101,250	1,022,595	946,675	846,094	750,455	696,141	642,733	616,294	591,225	572,395	553,961	535,444	515,941	497,599	0	0	0
Site development
137,388	153,787	160,330	153,316	138,611	125,261	115,148	108,594	106,448	104,501	98,409	96,153	95,549	95,055	110,648	126,239	142,792	157,840	162,664	168,205	170,931	166,794	166,352	166,680	168,516	171,853	162,061	147,228	127,990	107,990	93,607	84,864	80,178	81,876	0	0	0	-	-	-	0	0	0
Site development consulting
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Site development construction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Total revenues
2,038,419	2,014,645	1,984,836	1,944,510	1,900,686	1,865,695	1,824,918	1,791,642	1,762,613	1,727,674	1,701,107	1,678,481	1,656,719	1,633,125	1,623,561	1,622,977	1,628,149	1,638,474	1,636,266	1,618,824	1,591,540	1,526,996	1,457,659	1,396,460	1,337,345	1,304,866	1,263,311	1,169,823	1,074,665	954,084	844,062	781,005	722,911	698,170	679,848	662,941	646,403	626,619	600,411	577,964	0	0	0
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):
Cost of site leasing
377,036	373,951	372,664	371,965	372,193	372,296	369,256	367,313	362,962	359,527	355,676	351,679	348,835	342,215	336,970	331,962	327,200	324,655	321,559	318,139	311,790	301,313	289,893	280,009	272,411	270,772	266,091	244,670	221,645	188,951	160,672	147,983	135,347	131,916	127,659	124,053	121,934	119,141	118,158	115,348	0	0	0
Cost of site development
107,694	119,080	121,411	115,342	105,080	96,499	91,766	88,436	87,717	86,785	82,373	80,370	80,437	78,682	87,104	98,377	108,684	119,744	125,400	128,963	130,638	127,172	127,126	128,429	132,314	137,481	131,050	120,859	106,364	90,556	79,672	72,525	69,063	71,005	0	0	0	-	-	-	0	0	0
Cost of site development - consulting
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Cost of site development - construction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Selling, general, and administrative expenses
191,375	192,717	184,381	177,017	157,436	142,526	137,421	135,072	132,523	130,697	133,200	132,896	147,166	143,349	139,258	134,875	115,473	114,951	112,629	111,346	108,525	103,317	98,417	93,655	89,721	85,476	83,389	79,127	75,364	72,148	68,321	66,171	64,148	62,828	62,020	61,022	59,598	58,209	56,424	55,171	0	0	0
Acquisition and new business initiatives related adjustments and expenses
16,590	15,228	11,457	9,760	10,354	10,961	14,681	13,269	12,442	12,367	11,025	12,412	12,927	13,140	13,354	10,748	13,707	11,864	4,553	4,131	576	7,798	18,548	22,205	21,937	19,198	29,936	32,052	45,911	40,433	24,143	19,902	5,115	7,144	8,293	10,048	10,424	10,106	7,588	5,669	0	0	0
Asset impairment and decommission costs
41,687	33,103	27,987	26,615	24,399	27,134	33,567	36,116	36,852	36,697	32,971	25,859	32,410	30,242	43,777	104,825	94,144	94,783	84,432	27,071	27,055	23,801	26,109	26,307	28,806	28,960	20,233	15,603	9,756	6,383	3,661	2,397	0	-	0	0	-	-	-	-	-	-	-
Depreciation, accretion, and amortization
708,619	697,078	687,043	679,759	677,753	672,113	665,301	659,505	649,467	643,100	639,012	637,216	637,419	638,189	641,096	645,315	647,969	660,021	660,775	655,855	654,483	627,072	598,185	572,056	552,140	533,334	531,363	499,094	452,003	408,467	356,551	333,675	316,368	309,146	302,428	294,019	286,159	278,727	270,950	265,474	0	0	0
Total operating expenses
1,443,001	1,431,157	1,404,943	1,380,458	1,347,215	1,321,529	1,311,992	1,299,711	1,281,963	1,269,173	1,254,257	1,240,432	1,259,194	1,245,817	1,261,559	1,326,102	1,307,177	1,326,018	1,309,348	1,245,505	1,233,067	1,190,473	1,158,278	1,122,661	1,097,329	1,075,221	1,062,062	991,405	911,043	806,938	695,984	646,427	595,862	587,511	584,474	574,470	565,117	552,346	527,881	512,504	0	0	0
Operating income
595,418	583,488	579,893	564,052	553,471	544,166	512,926	491,931	480,650	458,501	446,850	438,049	397,525	387,308	362,002	296,875	320,972	312,456	326,918	373,319	358,473	336,523	299,381	273,799	240,016	229,645	201,249	178,418	163,622	147,146	148,078	134,578	127,049	110,659	95,374	88,471	81,286	74,273	72,530	65,460	0	0	0
Other income (expense):
Interest income
4,585	5,500	6,451	7,146	7,236	6,731	7,661	8,160	9,398	11,337	11,872	12,468	12,296	10,928	9,314	7,489	5,467	3,894	2,534	1,419	884	677	609	722	1,239	1,794	2,321	2,382	1,722	1,128	458	161	153	136	160	234	380	432	703	885	0	0	0
Interest expense
387,220	390,036	390,619	389,769	385,961	376,217	364,613	350,253	335,070	323,749	315,674	317,743	322,969	329,171	334,839	333,290	328,516	322,366	315,344	311,637	304,227	292,600	279,177	263,994	255,613	249,051	245,082	232,673	213,458	196,241	179,008	170,737	165,363	160,896	156,140	151,401	150,584	149,921	148,818	141,325	0	0	0
Non-cash interest expense
4,958	3,193	2,591	2,561	2,548	2,640	2,735	2,828	2,907	2,879	2,850	2,710	2,453	2,203	1,954	1,818	1,680	1,505	1,330	9,117	17,088	27,112	36,768	38,174	42,025	49,085	56,979	65,211	70,483	70,110	68,815	67,030	65,227	63,629	62,429	61,429	60,596	60,070	58,771	56,223	0	0	0
Amortization of deferred financing fees
22,544	22,466	20,358	20,181	19,962	20,289	20,601	20,578	20,630	21,940	21,705	22,193	22,569	21,136	21,216	20,574	19,875	19,154	18,431	18,227	17,879	17,572	17,166	16,548	16,193	15,560	15,085	14,303	14,041	12,870	11,700	10,882	9,422	9,188	8,988	8,793	8,806	9,099	9,495	10,121	0	0	0
Loss from extinguishment of debt, net
0	-	0	-	-	-14,443	-16,404	0	0	-	-	0	-	-	0	-	-	-	-	-	-	-26,204	-25,416	-10,526	-7,908	-6,099	-28,406	-55,552	0	-	0	0	-	-1,696	-1,702	-1,712	-50,644	-49,060	-61,572	-59,181	0	0	0
Other income (expense), net
-211,738	14,053	3,254	12,287	-90,685	-85,624	-128,810	-84,230	-12,813	-2,418	18,358	-2,843	63,326	94,278	131,711	21,600	-10,269	-139,137	-188,468	-76,607	-90,730	10,628	16,649	50,213	49,376	31,138	35,295	1,369	5,794	5,654	5,595	5,468	392	-165	-600	-505	-835	29	222	-39	0	0	0
Total other expense, net
-639,196	-396,599	-404,320	-393,078	-505,718	-492,482	-523,541	-464,172	-364,628	-341,610	-330,149	-387,683	-325,070	-300,005	-252,279	-327,376	-355,656	-479,051	-522,163	-430,186	-453,293	-352,183	-341,269	-278,307	-271,124	-286,863	-287,300	-338,846	-342,407	-324,238	-303,262	-270,169	-239,467	-235,438	-229,699	-223,606	-271,085	-267,689	-277,731	-266,004	0	0	0
(Loss) income before income taxes
-43,778	186,889	175,573	170,974	47,753	51,684	-10,615	27,759	116,022	116,891	116,701	50,366	72,455	87,303	109,723	-30,501	-34,684	-166,595	-195,245	-56,867	-94,820	-15,660	-41,888	-4,508	-31,108	-57,218	-86,051	-160,428	-178,785	-177,092	-155,184	-135,591	-112,418	-124,779	-134,325	-135,135	-189,799	-193,416	-205,201	-200,544	0	0	0
Benefit (provision) for income taxes
-37,140	39,605	38,692	39,715	5,858	4,233	-8,575	-3,218	18,421	13,237	15,451	13,647	12,258	11,065	7,728	8,080	8,303	9,061	15,123	14,179	9,912	8,635	-2,125	-2,900	1,018	-1,309	3,226	4,048	4,626	6,594	5,138	4,500	2,749	2,113	1,979	2,307	1,587	1,005	828	338	0	0	0
Net loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-
Income from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-181,390	-157,973	-138,711	-115,167	-126,892	-136,304	-137,442	-191,386	-194,421	-206,029	-200,882	0	0	0
Net loss attributable to noncontrolling interests
0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-353	-344	-222	-331	-436	232	277	213	253	-407	-388	0	0	0
Net (loss) income attributable to SBA Communications Corporation
-6,056	146,991	136,794	131,259	41,895	47,451	-2,040	30,977	97,601	103,654	101,250	36,719	60,197	76,238	101,995	-38,581	-42,987	-175,656	-206,282	-66,960	-104,732	-24,295	-43,849	-5,694	-32,126	-55,909	-89,233	-163,209	-180,782	-181,037	-157,629	-138,489	-114,836	-126,456	-136,536	-137,719	-191,599	-194,674	-205,622	-200,494	0	0	0
Net (loss) income per common share attributable to SBA Communications Corporation:
Basic
-1.14	0.60	0.19	0.28	0.23	0.50	0.14	-0.50	0.27	0.06	0.41	0.08	0.31	0.04	-0.12	0.26	0.43	0.25	-1.23	0.22	-0.61	-	-	-0.07	-	-	0.17	-	-0.18	-	-0.44	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-1.14	0.58	0.19	0.28	0.23	0.50	0.14	-0.50	0.27	0.06	0.41	0.08	0.31	0.04	-0.12	0.26	0.43	0.25	-1.23	0.22	-0.61	-	-	-0.07	-	-	0.16	-	-0.18	-	-0.44	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average number of common shares
Basic
111,908	112,286	113,037	113,205	112,708	113,481	114,597	115,064	116,494	117,190	119,746	121,455	121,049	122,665	124,604	125,125	125,398	125,962	127,170	128,809	129,235	-	-	128,950	128,560	-	127,885	-	127,057	-	121,689	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
111,908	114,304	115,184	114,940	114,344	116,589	116,114	115,064	118,293	118,891	121,026	122,437	121,734	124,065	124,604	125,783	126,124	124,823	127,170	129,948	129,235	-	-	128,950	138,356	-	136,912	-	127,057	-	121,689	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.45	-	-	-0.30	-0.27	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-	-	-	-	-	-	-	-	-	-
Net loss per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.13	-	0.01	-	-	-0.28	-	-	-	-0.44	-0.20	-0.27	-0.30	-0.27	-0.30	-0.34	-0.30	-0.72	-0.32	-0.43	-0.25
Basic and diluted weighted average number of common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129,046	-	-	-	-	127,713	-	-	-	121,318	111,431	109,408	110,232	112,324	114,416	114,832	114,748	115,666	117,118	116,686	117,079