SBA Communications Corp (SBAC)
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About
Business overview of SBA Communications Corp (SBAC)
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
Critical company metrics and information
Share Price
$219.19Market Cap
$23.57 BillionTotal Outstanding Shares
107.52 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 From Operating Activities, Continuing | $1.47 Billion |
Net Cash Flow From Financing Activities | $-1.01 Billion |
Net Cash Flow | $27.64 Million |
Net Cash Flow From Investing Activities | $-416.42 Million |
Exchange Gains/Losses | $-12.02 Million |
Net Cash Flow From Operating Activities | $1.47 Billion |
Net Cash Flow From Investing Activities, Continuing | $-416.42 Million |
Net Cash Flow, Continuing | $39.66 Million |
Net Cash Flow From Financing Activities, Continuing | $-1.01 Billion |
Income Statement
July 1, 2023 to June 30, 2024
Metric | Value |
---|---|
Net Income/Loss Available To Common Stockholders, Basic | $514.32 Million |
Income/Loss From Continuing Operations Before Tax | $1.09 Billion |
Costs And Expenses | $1.54 Billion |
Diluted Earnings Per Share | $4.74 |
Net Income/Loss Attributable To Noncontrolling Interest | $-5.43 Million |
Gross Profit | $2.10 Billion |
Revenues | $2.68 Billion |
Diluted Average Shares | $325.08 Million |
Operating Expenses | $1.26 Billion |
Cost Of Revenue | $573.33 Million |
Benefits Costs and Expenses | $999.75 Million |
Operating Income/Loss | $1.14 Billion |
Net Income/Loss | $508.88 Million |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Nonoperating Income/Loss | $-585.89 Million |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
Basic Earnings Per Share | $4.76 |
Selling, General, and Administrative Expenses | $263.42 Million |
Income Tax Expense/Benefit, Deferred | $-8.24 Million |
Basic Average Shares | $323.85 Million |
Net Income/Loss Attributable To Parent | $514.32 Million |
Income Tax Expense/Benefit | $41.35 Million |
Income/Loss From Continuing Operations After Tax | $510.94 Million |
Other Operating Expenses | $703.04 Million |
Balance Sheet
July 1, 2023 to June 30, 2024
Metric | Value |
---|---|
Temporary Equity | $40.82 Million |
Liabilities | $15.10 Billion |
Accounts Payable | $50.74 Million |
Current Liabilities | $2.46 Billion |
Other Non-current Assets | $6.61 Billion |
Redeemable Noncontrolling Interest | $40.82 Million |
Fixed Assets | $2.72 Billion |
Assets | $9.79 Billion |
Current Assets | $460.01 Million |
Other Non-current Liabilities | $322.49 Million |
Noncurrent Liabilities | $12.60 Billion |
Long-term Debt | $12.28 Billion |
Equity | $-5.32 Billion |
Equity Attributable To Parent | $-5.32 Billion |
Equity Attributable To Noncontrolling Interest | $0.00 |
Other Current Liabilities | $2.41 Billion |
Noncurrent Assets | $9.33 Billion |
Liabilities And Equity | $9.79 Billion |
Historical Dividends
Current dividend: $0.98 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Oct 27, 2024 | Dec 12, 2024 | Nov 14, 2024 | $0.98 | Quarterly |
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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