SBA Communications Corp (SBAC)
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About
SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company's total revenue in 2023. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.
Key Insights
Share Price
$243.67Market Cap
$26.19 BillionTotal Outstanding Shares
107.47 Million SharesTotal Employees
1,787Dividend
$0.98 Per Share QuarterlyIPO Date
June 16, 1999SIC Description
Real Estate Investment TrustsHomepage
https://www.sbasite.com
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
July 1, 2023 to June 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow, Continuing | $39.66 Million |
| Net Cash Flow From Operating Activities | $1.47 Billion |
| Net Cash Flow From Investing Activities | $-416.42 Million |
| Net Cash Flow From Financing Activities | $-1.01 Billion |
| Exchange Gains/Losses | $-12.02 Million |
| Net Cash Flow From Investing Activities, Continuing | $-416.42 Million |
| Net Cash Flow | $27.64 Million |
| Net Cash Flow From Financing Activities, Continuing | $-1.01 Billion |
| Net Cash Flow From Operating Activities, Continuing | $1.47 Billion |
Income Statement
July 1, 2023 to June 30, 2024
| Metric | Value |
|---|---|
| Benefits Costs and Expenses | $999.75 Million |
| Revenues | $2.68 Billion |
| Income/Loss From Continuing Operations Before Tax | $1.09 Billion |
| Selling, General, and Administrative Expenses | $263.42 Million |
| Cost Of Revenue | $573.33 Million |
| Diluted Average Shares | $216.93 Million |
| Gross Profit | $2.10 Billion |
| Net Income/Loss | $508.88 Million |
| Net Income/Loss Attributable To Parent | $514.32 Million |
| Preferred Stock Dividends And Other Adjustments | $0.00 |
| Costs And Expenses | $1.54 Billion |
| Basic Average Shares | $216.07 Million |
| Nonoperating Income/Loss | $-585.89 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Net Income/Loss Attributable To Noncontrolling Interest | $-5.43 Million |
| Operating Expenses | $1.26 Billion |
| Net Income/Loss Available To Common Stockholders, Basic | $514.32 Million |
| Other Operating Expenses | $703.04 Million |
| Operating Income/Loss | $1.14 Billion |
| Income Tax Expense/Benefit, Deferred | $-8.24 Million |
| Income Tax Expense/Benefit | $41.35 Million |
| Basic Earnings Per Share | $4.76 |
| Diluted Earnings Per Share | $4.74 |
| Income/Loss From Continuing Operations After Tax | $510.94 Million |
Balance Sheet
July 1, 2023 to June 30, 2024
| Metric | Value |
|---|---|
| Assets | $9.79 Billion |
| Equity | $-5.32 Billion |
| Noncurrent Liabilities | $12.60 Billion |
| Redeemable Noncontrolling Interest | $40.82 Million |
| Other Non-current Liabilities | $322.49 Million |
| Temporary Equity | $40.82 Million |
| Noncurrent Assets | $9.33 Billion |
| Other Non-current Assets | $6.61 Billion |
| Liabilities | $15.10 Billion |
| Equity Attributable To Noncontrolling Interest | $0.00 |
| Fixed Assets | $2.72 Billion |
| Liabilities And Equity | $9.79 Billion |
| Accounts Payable | $50.74 Million |
| Current Assets | $460.01 Million |
| Other Current Liabilities | $2.41 Billion |
| Long-term Debt | $12.28 Billion |
| Equity Attributable To Parent | $-5.32 Billion |
| Current Liabilities | $2.46 Billion |
Historical Dividends
Current dividend: $0.98 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Jul 29, 2024 | Sep 18, 2024 | Aug 22, 2024 | $0.98 | Quarterly |
| Apr 29, 2024 | Jun 19, 2024 | May 23, 2024 | $0.98 | Quarterly |
| Feb 26, 2024 | Mar 28, 2024 | Mar 14, 2024 | $0.98 | Quarterly |
| Nov 2, 2023 | Dec 14, 2023 | Nov 16, 2023 | $0.85 | Quarterly |
| Jul 31, 2023 | Sep 20, 2023 | Aug 24, 2023 | $0.85 | Quarterly |
| May 1, 2023 | Jun 21, 2023 | May 26, 2023 | $0.85 | Quarterly |
| Feb 21, 2023 | Mar 24, 2023 | Mar 10, 2023 | $0.85 | Quarterly |
| Oct 31, 2022 | Dec 15, 2022 | Nov 17, 2022 | $0.71 | Quarterly |
| Aug 1, 2022 | Sep 20, 2022 | Aug 25, 2022 | $0.71 | Quarterly |
| Apr 25, 2022 | Jun 14, 2022 | May 19, 2022 | $0.71 | Quarterly |
| Feb 28, 2022 | Mar 25, 2022 | Mar 10, 2022 | $0.71 | Quarterly |
| Nov 1, 2021 | Dec 16, 2021 | Nov 18, 2021 | $0.58 | Quarterly |
| Aug 2, 2021 | Sep 23, 2021 | Aug 26, 2021 | $0.58 | Quarterly |
| Apr 26, 2021 | Jun 15, 2021 | May 20, 2021 | $0.58 | Quarterly |
| Feb 22, 2021 | Mar 26, 2021 | Mar 10, 2021 | $0.58 | Quarterly |
| Nov 2, 2020 | Dec 17, 2020 | Nov 19, 2020 | $0.465 | Quarterly |
| Aug 3, 2020 | Sep 22, 2020 | Aug 25, 2020 | $0.465 | Quarterly |
| May 5, 2020 | Jun 18, 2020 | May 28, 2020 | $0.465 | Quarterly |
| Feb 19, 2020 | Mar 26, 2020 | Mar 10, 2020 | $0.465 | Quarterly |
| Oct 25, 2019 | Dec 19, 2019 | Nov 21, 2019 | $0.37 | Quarterly |
| Jul 29, 2019 | Sep 25, 2019 | Aug 28, 2019 | $0.37 | Quarterly |
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