$SBAC
SBA COMMUNICATIONS CORP

2024 Q3 Form 10-Q Financial Statement

#000103405424000009 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $667.6M $660.5M
YoY Change -2.19% -2.66%
Cost Of Revenue $150.3M $141.3M
YoY Change 0.38% -8.42%
Gross Profit $517.3M $519.2M
YoY Change -2.91% -0.96%
Gross Profit Margin 77.48% 78.61%
Selling, General & Admin $60.09M $62.38M
YoY Change -7.3% -1.59%
% of Gross Profit 11.62% 12.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.51M $26.20M
YoY Change -6.87% -62.03%
% of Gross Profit 12.28% 5.05%
Operating Expenses $123.6M $62.38M
YoY Change 90.68% -1.59%
Operating Profit $393.7M $354.5M
YoY Change 58.35% 46.94%
Interest Expense -$101.1M -$102.5M
YoY Change -5.61% -6.14%
% of Operating Profit -25.68% -28.92%
Other Income/Expense, Net $23.70M -$207.4M
YoY Change -115.25% 203.0%
Pretax Income $298.2M $147.1M
YoY Change 219.89% -14.86%
Income Tax $42.32M -$12.34M
% Of Pretax Income 14.19% -8.39%
Net Earnings $258.5M $162.8M
YoY Change 195.74% -20.04%
Net Earnings / Revenue 38.73% 24.65%
Basic Earnings Per Share $2.41 $1.52
Diluted Earnings Per Share $2.40 $1.51
COMMON SHARES
Basic Shares Outstanding 107.5M 107.4M
Diluted Shares Outstanding 107.9M 107.7M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $186.3M $220.5M
YoY Change -2.95% 9.16%
Cash & Equivalents $186.3M $220.5M
Short-Term Investments $16.25M $30.40M
Other Short-Term Assets $128.2M $17.71M
YoY Change 514.71% -25.62%
Inventory
Prepaid Expenses
Receivables $135.8M $88.65M
Other Receivables $0.00 $0.00
Total Short-Term Assets $450.3M $460.0M
YoY Change -2.11% -11.3%
LONG-TERM ASSETS
Property, Plant & Equipment $6.486B $2.720B
YoY Change 140.16% 0.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $26.59M $19.25M
YoY Change -16.92% -43.39%
Other Assets $772.9M $785.9M
YoY Change -8.55% -8.1%
Total Long-Term Assets $9.751B $9.326B
YoY Change -1.24% -7.53%
TOTAL ASSETS
Total Short-Term Assets $450.3M $460.0M
Total Long-Term Assets $9.751B $9.326B
Total Assets $10.20B $9.786B
YoY Change -1.28% -7.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.44M $50.74M
YoY Change 16.79% 7.89%
Accrued Expenses $392.3M $76.32M
YoY Change 323.22% -9.27%
Deferred Revenue $2.792M $3.109M
YoY Change -72.04% -73.94%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $1.806B
YoY Change -4.17% 7426.27%
Total Short-Term Liabilities $667.8M $2.460B
YoY Change 0.71% 233.1%
LONG-TERM LIABILITIES
Long-Term Debt $12.30B $10.47B
YoY Change -1.56% -16.69%
Other Long-Term Liabilities $2.363B $373.7M
YoY Change 611.31% 12.95%
Total Long-Term Liabilities $14.66B $12.60B
YoY Change -0.97% -15.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $667.8M $2.460B
Total Long-Term Liabilities $14.66B $12.60B
Total Liabilities $15.38B $15.06B
YoY Change -0.58% -3.81%
SHAREHOLDERS EQUITY
Retained Earnings -$7.394B -$7.546B
YoY Change -0.38% 2.49%
Common Stock $1.075M $1.075M
YoY Change -0.56% -0.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.175B -$5.317B
YoY Change
Total Liabilities & Shareholders Equity $10.20B $9.786B
YoY Change -1.28% -7.72%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $258.5M $162.8M
YoY Change 195.74% -20.04%
Depreciation, Depletion And Amortization $63.51M $26.20M
YoY Change -6.87% -62.03%
Cash From Operating Activities $304.7M $425.6M
YoY Change -2.88% -12.59%
INVESTING ACTIVITIES
Capital Expenditures $64.76M $49.97M
YoY Change 5.47% -21.3%
Acquisitions $207.4M $41.62M
YoY Change 290.46% 110.1%
Other Investing Activities -$209.1M -$71.24M
YoY Change 396.78% 47.79%
Cash From Investing Activities -$273.9M -$121.2M
YoY Change 164.38% 8.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -65.91M -276.5M
YoY Change -71.44% -11.99%
NET CHANGE
Cash From Operating Activities 304.7M 425.6M
Cash From Investing Activities -273.9M -121.2M
Cash From Financing Activities -65.91M -276.5M
Net Change In Cash -35.16M 27.86M
YoY Change 69.87% -54.47%
FREE CASH FLOW
Cash From Operating Activities $304.7M $425.6M
Capital Expenditures $64.76M $49.97M
Free Cash Flow $239.9M $375.6M
YoY Change -4.92% -11.28%

Facts In Submission

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1.87
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.79
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107462000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108355000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107782000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108244000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107679000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108884000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108148000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109078000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
159452000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
201970000
us-gaap Profit Loss
ProfitLoss
313994000
us-gaap Profit Loss
ProfitLoss
302525000
CY2024Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-8237000
CY2023Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
15316000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
2630000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-7072000
CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-64130000
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
25029000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-89534000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
41555000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
87085000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
242315000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
227090000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
337008000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-3702000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-2133000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-3702000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-2797000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
90787000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
244448000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
230792000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
339805000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-5222820000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
162830000
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3950000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19109000
CY2024Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-8237000
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
93862000
CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-63806000
CY2024Q2 us-gaap Dividends
Dividends
105963000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-7942000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-5316741000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-5170882000
us-gaap Net Income Loss
NetIncomeLoss
317372000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3191000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
41027000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
2630000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
200019000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-89210000
us-gaap Dividends
Dividends
212908000
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-7942000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-5316741000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-5269154000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
203648000
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6647000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18624000
CY2023Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
15316000
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
25484000
CY2023Q2 us-gaap Dividends
Dividends
92573000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-322000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-5092330000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-5276315000
us-gaap Net Income Loss
NetIncomeLoss
304865000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-8069000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
45326000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-7072000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
42012000
us-gaap Dividends
Dividends
185642000
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-7435000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-5092330000
us-gaap Profit Loss
ProfitLoss
313994000
us-gaap Profit Loss
ProfitLoss
302525000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
140929000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
364235000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-144474000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
85268000
us-gaap Share Based Compensation
ShareBasedCompensation
40067000
us-gaap Share Based Compensation
ShareBasedCompensation
44456000
sbac Noncash Asset Impairment And Decommission Costs
NoncashAssetImpairmentAndDecommissionCosts
64895000
sbac Noncash Asset Impairment And Decommission Costs
NoncashAssetImpairmentAndDecommissionCosts
51784000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4428000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-13126000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-258000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-31997000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-44089000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-80359000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-49566000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5671000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
17988000
sbac Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
70045000
sbac Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
75226000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-23375000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-24504000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-643000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-1066000
sbac Increase Decrease In Long Term Lease Liability
IncreaseDecreaseInLongTermLeaseLiability
-73023000
sbac Increase Decrease In Long Term Lease Liability
IncreaseDecreaseInLongTermLeaseLiability
-68967000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-56590000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
62139000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
720046000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
798101000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
61022000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
39737000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
107844000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
112583000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
681208000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
627310000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
651650000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
606801000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
8094000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
85517000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-206518000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-258346000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
195000000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
140000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
255000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
410000000
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
2274815000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2273750000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
12000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200019000
us-gaap Payments Of Dividends
PaymentsOfDividends
213464000
us-gaap Payments Of Dividends
PaymentsOfDividends
186070000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
21302000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
19308000
sbac Payment Stock Option Net Share Settlements
PaymentStockOptionNetShareSettlements
18061000
sbac Payment Stock Option Net Share Settlements
PaymentStockOptionNetShareSettlements
27377000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1242000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1251000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-467935000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-474888000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-13395000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1359000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32198000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
66226000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250946000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
189283000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
283144000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
255509000
us-gaap Interest Paid Net
InterestPaidNet
193195000
us-gaap Interest Paid Net
InterestPaidNet
201424000
us-gaap Income Taxes Paid
IncomeTaxesPaid
17214000
us-gaap Income Taxes Paid
IncomeTaxesPaid
16158000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16133000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18570000
sbac Operating Lease Modifications And Reassessments
OperatingLeaseModificationsAndReassessments
33713000
sbac Operating Lease Modifications And Reassessments
OperatingLeaseModificationsAndReassessments
13556000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1031000
us-gaap Use Of Estimates
UseOfEstimates
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">Use of Estimates</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 5pt;text-indent: 0.50in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The 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, incremental borrowing rate for lease accounting, 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.</span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 5pt;text-indent: 0.50in;"><span id="_Hlk163735449" style="text-decoration: none;"></span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">During the first quarter of 2024, the Company completed its assessment on the remaining estimated useful lives of its towers and intangible assets. The Company concluded through its assessment that, for U.S. GAAP purposes, it should modify its current estimates for asset lives based on its historical operating experience and the findings obtained by its independent consultant. The Company previously depreciated its towers on a straight-line basis over the shorter of the (i) term of the underlying ground lease (including renewal options) taking into account residual value or (ii) estimated useful life of a tower, which the Company had historically estimated to be </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">15</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> years. Based on its assessment, the Company revised the estimated useful lives of its towers and certain related intangible assets (which are amortized on a similar basis to its tower assets, as their useful lives correlate to the useful life of the towers) from </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">15</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> years to </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">30</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> years, effective January 1, 2024. The Company accounted for the change in estimated useful lives as a change in estimate under ASC 250 “Accounting Changes and Error Corrections.” The impact of the change in estimate was accounted for prospectively effective January 1, 2024, resulting in a reduction in depreciation and amortization expense of approximately $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">102.7</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> million ($</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">93.0</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> million after tax, or an increase of $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">0.86</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> per diluted share) and $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">205.4</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> million ($</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">186.0</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> million after tax, or an increase of $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">1.72</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> per diluted share) for the three and six months ended June 30, 2024, respectively. This change in useful lives is expected to reduce depreciation and amortization expense by approximately $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">411.5</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> million ($</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">372.5</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> million after tax, or an increase of $</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">3.44</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> per diluted share) for the year ended December 31, 2024.</span></p>
CY2024Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P15Y
CY2024Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P15Y
CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-66200000
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
27800000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
94700000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
55200000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
79700000
CY2024Q2 us-gaap Intercompany Foreign Currency Balance Amount
IntercompanyForeignCurrencyBalanceAmount
1200000000
CY2023Q4 us-gaap Intercompany Foreign Currency Balance Amount
IntercompanyForeignCurrencyBalanceAmount
1300000000
CY2024Q2 sbac Impairment Of Long Lived Assets Held For Use Additions
ImpairmentOfLongLivedAssetsHeldForUseAdditions
18491000
CY2023Q2 sbac Impairment Of Long Lived Assets Held For Use Additions
ImpairmentOfLongLivedAssetsHeldForUseAdditions
24363000
sbac Impairment Of Long Lived Assets Held For Use Additions
ImpairmentOfLongLivedAssetsHeldForUseAdditions
53043000
sbac Impairment Of Long Lived Assets Held For Use Additions
ImpairmentOfLongLivedAssetsHeldForUseAdditions
46696000
CY2024Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
7440000
CY2023Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
849000
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
11545000
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
2802000
CY2024Q2 sbac Other Asset Impairment Charges Including Third Pary Decommission Costs
OtherAssetImpairmentChargesIncludingThirdParyDecommissionCosts
5679000
CY2023Q2 sbac Other Asset Impairment Charges Including Third Pary Decommission Costs
OtherAssetImpairmentChargesIncludingThirdParyDecommissionCosts
7655000
sbac Other Asset Impairment Charges Including Third Pary Decommission Costs
OtherAssetImpairmentChargesIncludingThirdParyDecommissionCosts
10670000
sbac Other Asset Impairment Charges Including Third Pary Decommission Costs
OtherAssetImpairmentChargesIncludingThirdParyDecommissionCosts
9759000
CY2024Q2 sbac Asset Impairment And Decommission Costs
AssetImpairmentAndDecommissionCosts
31610000
CY2023Q2 sbac Asset Impairment And Decommission Costs
AssetImpairmentAndDecommissionCosts
32867000
sbac Asset Impairment And Decommission Costs
AssetImpairmentAndDecommissionCosts
75258000
sbac Asset Impairment And Decommission Costs
AssetImpairmentAndDecommissionCosts
59257000
CY2024Q2 us-gaap Long Term Investments
LongTermInvestments
19200000
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
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sbac Cost Method Invesment Impairment Loss
CostMethodInvesmentImpairmentLoss
0
CY2023Q2 sbac Cost Method Invesment Impairment Loss
CostMethodInvesmentImpairmentLoss
0
sbac Cost Method Invesment Impairment Loss
CostMethodInvesmentImpairmentLoss
0
CY2024Q2 sbac Cost Method Invesment Impairment Loss
CostMethodInvesmentImpairmentLoss
0
CY2024Q2 us-gaap Short Term Investments
ShortTermInvestments
30400000
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
1000000.0
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
700000000
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
600000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220508000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
208547000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
283144000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250946000
CY2024Q2 us-gaap Restricted Investments
RestrictedInvestments
41700000
CY2023Q4 us-gaap Restricted Investments
RestrictedInvestments
42000000.0
CY2023Q4 sbac Collateral For Surety Payment And Performance Bonds
CollateralForSuretyPaymentAndPerformanceBonds
0
CY2024Q2 sbac Collateral For Surety Payment And Performance Bonds
CollateralForSuretyPaymentAndPerformanceBonds
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CY2024Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
62098000
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
98674000
CY2024Q2 sbac Contract With Customer Estimated Earnings
ContractWithCustomerEstimatedEarnings
26850000
CY2023Q4 sbac Contract With Customer Estimated Earnings
ContractWithCustomerEstimatedEarnings
64589000
CY2024Q2 sbac Contract With Customer Billing To Date
ContractWithCustomerBillingToDate
72247000
CY2023Q4 sbac Contract With Customer Billing To Date
ContractWithCustomerBillingToDate
152608000
CY2024Q2 sbac Contract With Customer Net Asset Liability
ContractWithCustomerNetAssetLiability
16701000
CY2023Q4 sbac Contract With Customer Net Asset Liability
ContractWithCustomerNetAssetLiability
10655000
CY2024Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
19810000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
16252000
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3109000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5597000
CY2024Q2 sbac Contract With Customer Net Asset Liability
ContractWithCustomerNetAssetLiability
16701000
CY2023Q4 sbac Contract With Customer Net Asset Liability
ContractWithCustomerNetAssetLiability
10655000
CY2024Q2 us-gaap Short Term Investments
ShortTermInvestments
30400000
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
1046000
CY2024Q2 sbac Prepaid Real Estate Taxes
PrepaidRealEstateTaxes
2353000
CY2023Q4 sbac Prepaid Real Estate Taxes
PrepaidRealEstateTaxes
3522000
CY2024Q2 us-gaap Interest Receivable Current
InterestReceivableCurrent
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CY2023Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
2102000
CY2024Q2 us-gaap Prepaid Taxes
PrepaidTaxes
11548000
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
9064000
CY2024Q2 sbac Prepaid Rent Current
PrepaidRentCurrent
3449000
CY2023Q4 sbac Prepaid Rent Current
PrepaidRentCurrent
3712000
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
17713000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
19147000
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
72564000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
38593000
CY2024Q2 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
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CY2023Q4 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
415100000
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
74573000
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
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CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
157580000
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
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CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
8806000
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
8713000
CY2024Q2 us-gaap Long Term Investments
LongTermInvestments
19247000
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
24540000
CY2024Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
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CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
43872000
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2024Q2 sbac Towers And Related Intangible Assets Acquisitions
TowersAndRelatedIntangibleAssetsAcquisitions
27899000
CY2023Q2 sbac Towers And Related Intangible Assets Acquisitions
TowersAndRelatedIntangibleAssetsAcquisitions
9571000
sbac Towers And Related Intangible Assets Acquisitions
TowersAndRelatedIntangibleAssetsAcquisitions
38194000
sbac Towers And Related Intangible Assets Acquisitions
TowersAndRelatedIntangibleAssetsAcquisitions
22351000
CY2024Q2 sbac Ground Lease Land Purchases
GroundLeaseLandPurchases
13718000
CY2023Q2 sbac Ground Lease Land Purchases
GroundLeaseLandPurchases
10237000
sbac Ground Lease Land Purchases
GroundLeaseLandPurchases
22828000
sbac Ground Lease Land Purchases
GroundLeaseLandPurchases
17386000
CY2024Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
41617000
CY2023Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
19808000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
61022000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
39737000
CY2024Q2 sbac Ground Lease Extensions
GroundLeaseExtensions
3700000
CY2023Q2 sbac Ground Lease Extensions
GroundLeaseExtensions
2700000
sbac Ground Lease Extensions
GroundLeaseExtensions
9300000
sbac Ground Lease Extensions
GroundLeaseExtensions
7900000
CY2024Q2 sbac Performance Targets Maximum Potential Obligation
PerformanceTargetsMaximumPotentialObligation
15100000
CY2023Q4 sbac Performance Targets Maximum Potential Obligation
PerformanceTargetsMaximumPotentialObligation
17900000
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4260806000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4247782000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2719810000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2711719000
CY2024Q2 us-gaap Depreciation
Depreciation
26200000
CY2023Q2 us-gaap Depreciation
Depreciation
69000000.0
us-gaap Depreciation
Depreciation
63600000
us-gaap Depreciation
Depreciation
138400000
CY2024Q2 sbac Capital Expenditure Accrual Current
CapitalExpenditureAccrualCurrent
14100000
CY2023Q4 sbac Capital Expenditure Accrual Current
CapitalExpenditureAccrualCurrent
6500000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6997321000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4683083000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2314238000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4724192000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2455597000
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26300000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
101300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
53500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
203100000
CY2024Q2 us-gaap Accrued Employee Benefits Current
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17009000
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
25630000
CY2024Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
9531000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
7149000
CY2024Q2 sbac Capital Expenditure Accrual Current
CapitalExpenditureAccrualCurrent
14077000
CY2023Q4 sbac Capital Expenditure Accrual Current
CapitalExpenditureAccrualCurrent
6477000
CY2024Q2 sbac Accrued Holdbacks
AccruedHoldbacks
10149000
CY2023Q4 sbac Accrued Holdbacks
AccruedHoldbacks
16100000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
25553000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37266000
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
76319000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
92622000
CY2024Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
12354250000
CY2024Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
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CY2024Q2 us-gaap Long Term Debt
LongTermDebt
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CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
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CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
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CY2023Q4 us-gaap Long Term Debt
LongTermDebt
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CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1806304000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
643145000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10473739000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
11681170000
CY2024Q2 sbac Cash Interest Expense
CashInterestExpense
97530000
CY2024Q2 sbac Noncash Interest Expense
NoncashInterestExpense
7080000
CY2023Q2 sbac Cash Interest Expense
CashInterestExpense
101288000
CY2023Q2 sbac Noncash Interest Expense
NoncashInterestExpense
7518000
sbac Cash Interest Expense
CashInterestExpense
193921000
sbac Noncash Interest Expense
NoncashInterestExpense
15523000
sbac Cash Interest Expense
CashInterestExpense
202514000
sbac Noncash Interest Expense
NoncashInterestExpense
21757000
CY2023 sbac Line Of Credit Facility Margin Adjustment
LineOfCreditFacilityMarginAdjustment
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CY2023 sbac Line Of Credit Facility Commitment Fee Adjustment
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CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
400000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
900000
CY2024Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
213.30
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
213.85
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
93900000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
200000000.0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1340000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
168.32
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
175000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
130.19
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
2000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
197.91
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1163000
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
174.02
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y4M24D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
27996000
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1140000
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
172.50
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y3M18D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
27996000
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
23000
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
252.81
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y7M6D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
382300000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q2 us-gaap Revenues
Revenues
660477000
CY2024Q2 us-gaap Cost Of Revenue
CostOfRevenue
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CY2024Q2 us-gaap Gross Profit
GrossProfit
519209000
CY2024Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2024Q2 sbac Business Combination Acquisition Related Costs And Adjusments
BusinessCombinationAcquisitionRelatedCostsAndAdjusments
6574000
CY2024Q2 sbac Asset Impairment And Decommission Costs
AssetImpairmentAndDecommissionCosts
31610000
CY2024Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
64179000
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
354470000
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
147115000
CY2024Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2023Q2 us-gaap Revenues
Revenues
678500000
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
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CY2023Q2 us-gaap Gross Profit
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524250000
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
63383000
CY2023Q2 sbac Business Combination Acquisition Related Costs And Adjusments
BusinessCombinationAcquisitionRelatedCostsAndAdjusments
4953000
CY2023Q2 sbac Asset Impairment And Decommission Costs
AssetImpairmentAndDecommissionCosts
32867000
CY2023Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
181820000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
241227000
CY2023Q2 us-gaap Nonoperating Income Expense
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CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
172792000
CY2023Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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us-gaap Revenues
Revenues
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us-gaap Cost Of Revenue
CostOfRevenue
279259000
us-gaap Gross Profit
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us-gaap Selling General And Administrative Expense
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sbac Business Combination Acquisition Related Costs And Adjusments
BusinessCombinationAcquisitionRelatedCostsAndAdjusments
13991000
sbac Asset Impairment And Decommission Costs
AssetImpairmentAndDecommissionCosts
75258000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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us-gaap Operating Income Loss
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us-gaap Nonoperating Income Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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318584000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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us-gaap Revenues
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us-gaap Cost Of Revenue
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318554000
us-gaap Gross Profit
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us-gaap Selling General And Administrative Expense
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sbac Business Combination Acquisition Related Costs And Adjusments
BusinessCombinationAcquisitionRelatedCostsAndAdjusments
11010000
sbac Asset Impairment And Decommission Costs
AssetImpairmentAndDecommissionCosts
59257000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
364235000
us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
316856000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2024Q2 us-gaap Assets
Assets
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CY2023Q4 us-gaap Assets
Assets
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CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
162830000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
203648000
us-gaap Net Income Loss
NetIncomeLoss
317372000
us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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107462000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108355000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107782000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108244000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
217000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
529000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
366000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
834000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107679000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108884000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108148000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109078000
CY2024Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.52
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.88
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.94
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.82
CY2024Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.51
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.87
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.93
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.79
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
35047000
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
31735000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3378000
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4397000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
324000
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
899000
sbac Contribution From Joint Venture Partner
ContributionFromJointVenturePartner
1530000
CY2023 sbac Contribution From Joint Venture Partner
ContributionFromJointVenturePartner
1200000
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
7942000
CY2023 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
7408000
CY2024Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
40817000
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
35047000
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001034054-24-000009.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
sbac-20240630.xsd Edgar Link pending
sbac-20240630x10q.htm Edgar Link pending
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sbac-20240630_cal.xml Edgar Link unprocessable
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sbac-20240630_def.xml Edgar Link unprocessable
sbac-20240630_pre.xml Edgar Link unprocessable
sbac-20240630x10q_htm.xml Edgar Link completed