2021 Q4 Form 10-K Financial Statement

#000103405422000002 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $595.3M $589.3M $2.309B
YoY Change 11.08% 12.69% 10.83%
Cost Of Revenue $139.8M $140.0M $545.5M
YoY Change 9.22% 15.23% 14.47%
Gross Profit $455.3M $449.3M $1.763B
YoY Change 11.63% 11.92% 9.76%
Gross Profit Margin 76.49% 76.24% 76.37%
Selling, General & Admin $63.48M $51.00M $220.0M
YoY Change 33.93% 5.91% 13.26%
% of Gross Profit 13.94% 11.35% 12.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $169.9M $66.20M $271.8M
YoY Change -5.82% -7.8% -5.3%
% of Gross Profit 37.31% 14.73% 15.41%
Operating Expenses $233.4M $51.00M $220.0M
YoY Change 2.45% 5.91% 13.26%
Operating Profit $197.4M $211.8M $782.5M
YoY Change 19.55% 32.08% 23.48%
Interest Expense -$98.30M -$105.0M -$416.1M
YoY Change -4.19% 2.75% 1.55%
% of Operating Profit -49.81% -49.58% -53.18%
Other Income/Expense, Net -$24.89M -$174.8M -$529.9M
YoY Change -131.92% 18.84% -18.65%
Pretax Income $48.35M $36.96M $252.6M
YoY Change -65.59% 179.29% -1522.98%
Income Tax -$554.0K -$10.83M $14.94M
% Of Pretax Income -1.15% -29.31% 5.92%
Net Earnings $48.90M $47.80M $237.6M
YoY Change -53.77% 111.8% 885.83%
Net Earnings / Revenue 8.22% 8.11% 10.29%
Basic Earnings Per Share $0.45 $0.44 $2.17
Diluted Earnings Per Share $0.44 $0.43 $2.14
COMMON SHARES
Basic Shares Outstanding 108.8M 109.6M 109.3M
Diluted Shares Outstanding 111.6M 111.2M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $367.3M $187.8M $367.3M
YoY Change 19.01% -30.93% 19.01%
Cash & Equivalents $367.3M $187.8M $367.3M
Short-Term Investments
Other Short-Term Assets $15.61M $20.60M $96.37M
YoY Change 23.86% 14.14% 73.33%
Inventory
Prepaid Expenses
Receivables $102.0M $76.08M $150.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $614.4M $403.8M $614.4M
YoY Change 29.91% -11.95% 29.9%
LONG-TERM ASSETS
Property, Plant & Equipment $2.575B $2.580B $5.808B
YoY Change -3.8% -3.29% 15.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $47.89M $48.72M $47.89M
YoY Change -16.86% -18.8% -16.86%
Other Assets $575.6M $514.0M $141.9M
YoY Change 20.43% 1.88% 53.03%
Total Long-Term Assets $9.187B $9.264B $9.187B
YoY Change 5.78% 8.02% 5.78%
TOTAL ASSETS
Total Short-Term Assets $614.4M $403.8M $614.4M
Total Long-Term Assets $9.187B $9.264B $9.187B
Total Assets $9.802B $9.668B $9.802B
YoY Change 7.03% 7.01% 7.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.07M $34.79M $34.07M
YoY Change -69.02% 19.02% -69.03%
Accrued Expenses $68.07M $69.97M $346.7M
YoY Change 7.99% 11.92% 0.22%
Deferred Revenue $5.654M $2.977M
YoY Change 215.16% 186.25%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $24.00M $24.00M $25.69M
YoY Change 0.0% 0.0% 1.15%
Total Short-Term Liabilities $616.3M $592.0M $616.3M
YoY Change 0.25% 7.4% 0.25%
LONG-TERM LIABILITIES
Long-Term Debt $12.28B $11.82B $12.28B
YoY Change 10.9% 10.57% 10.9%
Other Long-Term Liabilities $191.5M $183.6M $2.171B
YoY Change 2.81% 1.4% -4.73%
Total Long-Term Liabilities $14.45B $14.02B $14.45B
YoY Change 8.23% 8.22% 8.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $616.3M $592.0M $616.3M
Total Long-Term Liabilities $14.45B $14.02B $14.45B
Total Liabilities $15.07B $14.61B $15.09B
YoY Change 7.88% 8.18% 7.89%
SHAREHOLDERS EQUITY
Retained Earnings -$7.204B -$6.891B
YoY Change 9.08% 11.54%
Common Stock $1.089M $1.095M
YoY Change -0.82% -1.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.283B -$4.958B -$5.283B
YoY Change
Total Liabilities & Shareholders Equity $9.802B $9.668B $9.802B
YoY Change 7.03% 7.01% 7.03%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $48.90M $47.80M $237.6M
YoY Change -53.77% 111.8% 885.83%
Depreciation, Depletion And Amortization $169.9M $66.20M $271.8M
YoY Change -5.82% -7.8% -5.3%
Cash From Operating Activities $298.6M $253.0M $1.190B
YoY Change 22.82% -12.89% 5.67%
INVESTING ACTIVITIES
Capital Expenditures -$43.29M -$35.03M $133.7M
YoY Change 30.38% 23.35% 3.99%
Acquisitions $57.90M $1.258B
YoY Change -28.39% 363.38%
Other Investing Activities -$102.2M -$58.04M $31.23M
YoY Change 70.82% -165.21% -1101.86%
Cash From Investing Activities -$145.4M -$93.07M -$1.423B
YoY Change 56.38% -253.58% 218.85%
FINANCING ACTIVITIES
Cash Dividend Paid $253.6M
YoY Change 22.1%
Common Stock Issuance & Retirement, Net $582.6M
YoY Change -32.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 30.65M -236.8M 339.3M
YoY Change -119.81% -9.69% -172.34%
NET CHANGE
Cash From Operating Activities 298.6M 253.0M 1.190B
Cash From Investing Activities -145.4M -93.07M -1.423B
Cash From Financing Activities 30.65M -236.8M 339.3M
Net Change In Cash 183.8M -76.80M 92.82M
YoY Change -4095.22% -186.39% -53.98%
FREE CASH FLOW
Cash From Operating Activities $298.6M $253.0M $1.190B
Capital Expenditures -$43.29M -$35.03M $133.7M
Free Cash Flow $341.9M $288.1M $1.056B
YoY Change 23.73% -9.66% 5.89%

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CY2021 us-gaap Revenues
Revenues
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CY2020 us-gaap Revenues
Revenues
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CostOfGoodsSoldDirectOperatingLease
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CY2021 us-gaap Cost Of Goods And Services Sold
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CY2020 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2019 us-gaap Investment Income Investment Expense
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CY2020 us-gaap Paid In Kind Interest
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CY2019 us-gaap Paid In Kind Interest
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CY2020 us-gaap Amortization Of Financing Costs
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CY2019 us-gaap Amortization Of Financing Costs
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EarningsPerShareDiluted
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CY2019 us-gaap Increase Decrease In Accounts And Other Receivables
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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1.GENERAL SBA Communications Corporation (the “Company” or “SBAC”) was incorporated in the State of Florida in March 1997. The Company is a holding company that holds all of the outstanding capital stock of SBA Telecommunications, LLC (“Telecommunications”). Telecommunications is a holding company that holds the outstanding capital stock of SBA Senior Finance, LLC (“SBA Senior Finance”), and other operating subsidiaries which are not a party to any loan agreement. SBA Senior Finance is a holding company that holds, directly or indirectly, the equity interest in certain subsidiaries that issued the Tower Securities (see Note 11) and certain subsidiaries that were not involved in the issuance of the Tower Securities. With respect to the subsidiaries involved in the issuance of the Tower Securities, SBA Senior Finance is the sole member of SBA Holdings, LLC and SBA Depositor, LLC. SBA Holdings, LLC is the sole member of SBA Guarantor, LLC. SBA Guarantor, LLC directly or indirectly holds all of the capital stock of the companies referred to as the “Borrowers” under the Tower Securities. With respect to subsidiaries not involved in the issuance of the Tower Securities, SBA Senior Finance holds all of the membership interests in SBA Senior Finance II, LLC (“SBA Senior Finance II”) and certain non-operating subsidiaries. SBA Senior Finance II holds, directly or indirectly, all the capital stock of certain international subsidiaries and certain other tower companies (known as “Tower Companies”). SBA Senior Finance II also holds, directly or indirectly, all the capital stock and/or membership interests of certain other subsidiaries involved in providing services, including SBA Network Services, LLC (“Network Services”) as well as SBA Network Management, Inc. (“Network Management”) which manages and administers the operations of the Borrowers.As of December 31, 2021, the Company owned and operated wireless towers in the United States and its territories. In addition, the Company owned towers in Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Nicaragua, Panama, Peru, South Africa, the Philippines and, effective January 4, 2022, Tanzania. Space on these towers is leased primarily to wireless service providers. As of December 31, 2021, the Company owned and operated 34,177 towers of which 17,356 are domestic and 16,821 are international, of which 9,955 are located in Brazil.
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Use of EstimatesThe preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The significant estimates made by management relate to the allowance for doubtful accounts, the costs and revenue relating to the Company’s construction contracts, stock-based compensation assumptions, valuation allowance related to deferred tax assets, fair value of long-lived assets, the useful lives of towers and intangible assets, anticipated property tax assessments, fair value of investments and asset retirement obligations. Management develops estimates based on historical experience and on various assumptions about the future that are believed to be reasonable based on the information available. These estimates ultimately may differ from actual results and such differences could be material.
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DebtInstrumentFairValue
12386665000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
12302694000
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
11180000000
CY2020Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
11428029000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
11095796000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
24000000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
24000000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
12278694000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
11071796000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
664000000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
644000000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3409000000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2265000000
CY2021 sbac Cash Interest Expense
CashInterestExpense
352919000
CY2021 sbac Noncash Interest Expense
NoncashInterestExpense
47085000
CY2020 sbac Cash Interest Expense
CashInterestExpense
367874000
CY2020 sbac Noncash Interest Expense
NoncashInterestExpense
24870000
CY2019 sbac Cash Interest Expense
CashInterestExpense
390036000
CY2019 sbac Noncash Interest Expense
NoncashInterestExpense
3193000
CY2021 sbac Ratio Of Total Debt To Annualized Borrower Ebitda
RatioOfTotalDebtToAnnualizedBorrowerEbitda
6.5
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3400000
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
470300000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
103.47
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1900000
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3100000
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2000000.0
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
309.79
CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
280.17
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
231.87
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
582500000
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
856000000.0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0166
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0137
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0247
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.013
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.013
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.204
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.204
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y7M6D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y7M6D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4816000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
114.48
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1068000
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
183.42
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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1315000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
62000
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
140.85
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4507000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
133.68
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
10000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
240.99
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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1287000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
110.59
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
28000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
168.11
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3202000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
143.01
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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1290000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
120.90
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
13000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
179.67
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1899000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
157.76
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y3M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
439006000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1166000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
146.40
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y10M24D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
282999000
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
733000
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
175.86
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y10M24D
CY2021Q4 sbac Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedIntrinsicValue
156007000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
41.09
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
33.99
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
287800000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
235000000.0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
132800000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
80300000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
142500000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
136000000.0
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
11400000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
16900000
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
10200000
CY2021Q4 us-gaap Share Price
SharePrice
389.02
CY2021Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1899000
CY2021Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1166000
CY2020Q4 sbac Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumber
1502000
CY2020Q4 sbac Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
31.91
CY2021 sbac Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumberVestedInPeriod
756000
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1400000
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1500000
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1100000
CY2021 sbac Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue
30.09
CY2021 sbac Number Of Shares Vested Forfeitures And Cancelled
NumberOfSharesVestedForfeituresAndCancelled
13000
CY2021 sbac Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Or Canceled Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrCanceledWeightedAverageGrantDateFairValue
34.13
CY2021Q4 sbac Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumber
733000
CY2021Q4 sbac Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
33.74
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
22700000
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
28800000
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
26500000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
84402000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
68890000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
73214000
CY2021 sbac Share Based Compensation Arrangement By Share Based Payment Award Vested But Unexercised Options Forfeiture Period After Employee Has Ended
ShareBasedCompensationArrangementByShareBasedPaymentAwardVestedButUnexercisedOptionsForfeiturePeriodAfterEmployeeHasEnded
P90D
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
18500000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
265636000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
151421000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
133046000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-13072000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-169170000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
53843000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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252564000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17749000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
186889000
CY2021 us-gaap Current State And Local Tax Expense Benefit
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543000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
753000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5520000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
21391000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
22907000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
20638000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
18150000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23450000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2730000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4684000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1952000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-9516000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-59956000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
13138000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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3716000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23670000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
20000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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9005000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4151000
CY2021 sbac Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
-8510000
CY2020 sbac Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
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CY2019 sbac Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
15935000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14940000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-41796000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39605000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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53039000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-3727000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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39247000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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9586000
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-7531000
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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15937000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-1539000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3707000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7578000
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-56457000
CY2020 sbac Income Tax Reconciliation Effect Of Real Estate Investment Trust Election Amount
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-35539000
CY2019 sbac Income Tax Reconciliation Effect Of Real Estate Investment Trust Election Amount
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-28975000
CY2021 sbac Income Tax Reconciliation Permanent Differences Amount
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6105000
CY2020 sbac Income Tax Reconciliation Permanent Differences Amount
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CY2019 sbac Income Tax Reconciliation Permanent Differences Amount
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18000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
490000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
439000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1649000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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3716000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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4151000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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56445000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
55657000
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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11601000
CY2020Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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9813000
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8890000
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6561000
CY2021Q4 sbac Deferred Tax Assets Noncash Compensation
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11637000
CY2020Q4 sbac Deferred Tax Assets Noncash Compensation
DeferredTaxAssetsNoncashCompensation
20128000
CY2021Q4 sbac Deferred Tax Assets Operating Lease Liability
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221287000
CY2020Q4 sbac Deferred Tax Assets Operating Lease Liability
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232329000
CY2021Q4 sbac Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Revenue
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4646000
CY2020Q4 sbac Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Revenue
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRevenue
2846000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
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