$SBAC
SBA COMMUNICATIONS CORP

2012 Q4 Form 10-Q Financial Statement

#000119312512460471 Filed on November 08, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $293.8M $238.6M $175.5M
YoY Change 59.85% 35.92% 10.69%
Cost Of Revenue $89.40M $71.68M $51.85M
YoY Change 77.73% 38.26% 2.46%
Gross Profit $204.4M $166.9M $123.7M
YoY Change 52.99% 34.94% 14.54%
Gross Profit Margin 69.56% 69.96% 70.47%
Selling, General & Admin $19.60M $17.57M $15.42M
YoY Change 24.05% 13.95% 7.05%
% of Gross Profit 9.59% 10.52% 12.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $131.4M $54.50M $44.30M
YoY Change 65.49% 23.02% -36.44%
% of Gross Profit 64.29% 32.65% 35.81%
Operating Expenses $151.0M $17.57M $15.42M
YoY Change 58.61% 13.95% -81.69%
Operating Profit $31.05M $41.07M $27.57M
YoY Change -2.91% 48.96% 15.84%
Interest Expense -$80.20M $50.58M $42.31M
YoY Change 79.82% 19.55% -206.84%
% of Operating Profit -258.31% 123.15% 153.45%
Other Income/Expense, Net $400.0K -$93.71M -$60.62M
YoY Change -102.47% 54.59% 306.83%
Pretax Income -$50.70M -$52.64M -$33.05M
YoY Change 76.04% 59.29% -2.52%
Income Tax $1.800M $1.029M $391.0K
% Of Pretax Income
Net Earnings -$52.49M -$52.45M -$33.31M
YoY Change 80.49% 57.47% -3.46%
Net Earnings / Revenue -17.86% -21.98% -18.97%
Basic Earnings Per Share
Diluted Earnings Per Share -$414.4K -$430.6K -$302.2K
COMMON SHARES
Basic Shares Outstanding 126.4M shares 121.7M shares
Diluted Shares Outstanding 121.7M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $238.6M $1.447B $184.6M
YoY Change 349.34% 683.64% -8.07%
Cash & Equivalents $233.1M $1.441B $179.3M
Short-Term Investments $5.500M $5.500M $5.300M
Other Short-Term Assets $87.50M $55.40M $41.30M
YoY Change 139.73% 34.14% -4.18%
Inventory
Prepaid Expenses $39.54M $26.96M
Receivables $39.10M $35.08M $34.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $368.6M $1.557B $260.6M
YoY Change 184.92% 497.42% -6.33%
LONG-TERM ASSETS
Property, Plant & Equipment $2.671B $2.052B $1.561B
YoY Change 68.71% 31.48% 4.18%
Goodwill
YoY Change
Intangibles $3.134B $2.101B
YoY Change 91.13%
Long-Term Investments
YoY Change
Other Assets $355.3M $305.3M $237.8M
YoY Change 67.74% 28.38% 13.24%
Total Long-Term Assets $6.227B $5.039B $3.349B
YoY Change 79.09% 50.48% 6.45%
TOTAL ASSETS
Total Short-Term Assets $368.6M $1.557B $260.6M
Total Long-Term Assets $6.227B $5.039B $3.349B
Total Assets $6.596B $6.596B $3.609B
YoY Change 82.89% 82.75% 5.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.69M $19.86M $16.00M
YoY Change 117.12% 24.14% 5.26%
Accrued Expenses $42.05M $39.64M $53.70M
YoY Change 77.09% -26.19% 9.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $475.4M $529.6M $5.000M
YoY Change 9407.02% 10491.9% -83.39%
Total Short-Term Liabilities $863.7M $688.8M $132.9M
YoY Change 580.71% 418.25% -14.37%
LONG-TERM LIABILITIES
Long-Term Debt $4.881B $4.776B $3.334B
YoY Change 45.72% 43.26% 19.4%
Other Long-Term Liabilities $186.5M $165.8M $123.6M
YoY Change 44.24% 34.11% 18.39%
Total Long-Term Liabilities $5.067B $4.942B $3.458B
YoY Change 45.66% 42.93% 19.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $863.7M $688.8M $132.9M
Total Long-Term Liabilities $5.067B $4.942B $3.458B
Total Liabilities $5.931B $5.631B $3.603B
YoY Change 64.49% 56.29% 18.02%
SHAREHOLDERS EQUITY
Retained Earnings -$2.462B -$2.410B
YoY Change 7.94%
Common Stock $1.269M $1.218M
YoY Change 15.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $653.0M $440.5M $6.300M
YoY Change
Total Liabilities & Shareholders Equity $6.596B $6.083B $3.609B
YoY Change 82.89% 68.55% 5.41%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$52.49M -$52.45M -$33.31M
YoY Change 80.49% 57.47% -3.46%
Depreciation, Depletion And Amortization $131.4M $54.50M $44.30M
YoY Change 65.49% 23.02% -36.44%
Cash From Operating Activities $103.3M $89.80M $63.50M
YoY Change 64.75% 41.42% 42.06%
INVESTING ACTIVITIES
Capital Expenditures -$38.80M -$26.20M -$41.00M
YoY Change 28.48% -36.1% 100.0%
Acquisitions $31.60M $43.31M
YoY Change -27.04%
Other Investing Activities -$1.271B $61.90M -$45.70M
YoY Change 645.51% -235.45% -21.21%
Cash From Investing Activities -$1.310B $35.70M -$86.70M
YoY Change 552.99% -141.18% 10.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.700M 1.229B -75.00M
YoY Change -145.76% -1738.53% -2519.35%
NET CHANGE
Cash From Operating Activities 103.3M 89.80M 63.50M
Cash From Investing Activities -1.310B 35.70M -86.70M
Cash From Financing Activities -2.700M 1.229B -75.00M
Net Change In Cash -1.209B 1.354B -98.20M
YoY Change 816.14% -1479.23% 219.87%
FREE CASH FLOW
Cash From Operating Activities $103.3M $89.80M $63.50M
Capital Expenditures -$38.80M -$26.20M -$41.00M
Free Cash Flow $142.1M $116.0M $104.5M
YoY Change 52.96% 11.0% 60.28%

Facts In Submission

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NonoperatingIncomeExpense
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us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Revenues
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
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us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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IncomeTaxExpenseBenefit
1784000
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EffectOfExchangeRateOnCashAndCashEquivalents
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ImpairmentOfLongLivedAssetsHeldForUse
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us-gaap Depreciation
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Interest Expense
InterestExpense
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.53
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1696000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
700000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4876000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
186427000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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sbac Other Investing Activities
OtherInvestingActivities
1189000
sbac Weighted Average Number Basic Diluted Shares Outstanding
WeightedAverageNumberBasicDilutedSharesOutstanding
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sbac Noncash Interest Expense
NoncashInterestExpense
47095000
sbac Towers And Related Intangible Assets Acquisitions
TowersAndRelatedIntangibleAssetsAcquisitions
187173000
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5233000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
484000000
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y1M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0057 pure
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
52281000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2555000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
484000000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
811000 shares
sbac Supplemental Assets Acquired Under Capital Leases
SupplementalAssetsAcquiredUnderCapitalLeases
1819000
sbac Site Development
SiteDevelopment
63180000
sbac Earnouts
Earnouts
2618000
sbac Ground Lease Extensions
GroundLeaseExtensions
7200000
sbac Ground Lease Land Purchases
GroundLeaseLandPurchases
19564000
sbac Cost Of Site Development
CostOfSiteDevelopment
54627000
sbac Capital Expenditures
CapitalExpenditures
307882000
sbac Business Acquisition Contingent Consideration Income Net
BusinessAcquisitionContingentConsiderationIncomeNet
100000
sbac Percentage Of Revenue Generated From Foreign Countries
PercentageOfRevenueGeneratedFromForeignCountries
0.029 pure
sbac Subsidiary Or Equity Method Additional Investee Cumulative Percentage
SubsidiaryOrEquityMethodAdditionalInvesteeCumulativePercentage
0.046 pure
sbac Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
81604000
sbac Cash Interest Expense
CashInterestExpense
118616000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0001034054
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Trading Symbol
TradingSymbol
SBAC
dei Entity Registrant Name
EntityRegistrantName
SBA COMMUNICATIONS CORP
dei Amendment Flag
AmendmentFlag
false
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
25668000
us-gaap Income Taxes Paid
IncomeTaxesPaid
3698000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.94
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Profit Loss
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-965193000
us-gaap Investment Income Interest
InvestmentIncomeInterest
419000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
47.71
us-gaap Repayments Of Debt
RepaymentsOfDebt
6250000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
38.79
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1449000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-126344000
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
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us-gaap Interest Paid
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
23000000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
47.58
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
686999000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1393729000
us-gaap Operating Leases Income Statement Initial Direct Costs
OperatingLeasesIncomeStatementInitialDirectCosts
126787000
us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
150000000
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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BusinessAcquisitionsProFormaNetIncomeLoss
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OperatingIncomeLoss
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OtherNoncashIncomeExpense
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us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y7M17D
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10770000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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NetIncomeLoss
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NonoperatingIncomeExpense
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IncreaseDecreaseInReceivables
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
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us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-256000
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
585332000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
52281000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2119105000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.530 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
44.19
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
1278456000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
395000000
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-127355000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
66000 shares
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-51165000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2656000
us-gaap Revenues
Revenues
660243000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0083 pure
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
52524000
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4809000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-55000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
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NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
138000 shares
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
20945000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7136000
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.02
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
283879000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74461000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2600000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
124000000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11900000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
2349000
us-gaap Depreciation
Depreciation
152800000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10586000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-127099000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
400000000
us-gaap Interest Expense
InterestExpense
136728000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.31
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-49792000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
283879000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
21875000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
237523000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2349000
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-33046000
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.30
CY2011Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-33437000
sbac Supplemental Assets Acquired Under Capital Leases
SupplementalAssetsAcquiredUnderCapitalLeases
2235000
sbac Revenue From Business Acquisition Total
RevenueFromBusinessAcquisitionTotal
55400000
sbac Disposal Group Including Discontinued Operation Lease Revenue
DisposalGroupIncludingDiscontinuedOperationLeaseRevenue
4775000
sbac Other Investing Activities
OtherInvestingActivities
2043000
sbac Conversion Price Per Share Percentage
ConversionPricePerSharePercentage
1.30 pure
sbac Weighted Average Number Basic Diluted Shares Outstanding
WeightedAverageNumberBasicDilutedSharesOutstanding
118159000 shares
sbac Potential Obligations To Pay Additional Consideration Recorded In Accrued Expenses
PotentialObligationsToPayAdditionalConsiderationRecordedInAccruedExpenses
9200000
sbac Noncash Interest Expense
NoncashInterestExpense
52281000
sbac Number Of Towers Acquired
NumberOfTowersAcquired
37 pure
sbac Towers And Related Intangible Assets Acquisitions
TowersAndRelatedIntangibleAssetsAcquisitions
951331000
sbac Site Development
SiteDevelopment
74911000
sbac Earnouts
Earnouts
5751000
sbac Convertible Notes Conversion Criteria Associated With Common Stock And Convertible Notes Trading Price
ConvertibleNotesConversionCriteriaAssociatedWithCommonStockAndConvertibleNotesTradingPrice
Trading price per $1,000 principal amount of the Notes for each day in the measurement period was less than 95% of the product of the last reported sale price of Class A common stock
sbac Convertible Notes Conversion Criteria Associated With Common Stock Trading Price
ConvertibleNotesConversionCriteriaAssociatedWithCommonStockTradingPrice
Last reported sale price of the Company's Class A common stock for at least 20 trading days in the 30 consecutive trading day period ending on the last trading day of the preceding calendar quarter is more than 130% of the applicable conversion price per share of Class A common stock on the last day of such preceding calendar quarter,
sbac Increase In Accounts Payable And Accrued Expenses For Capital Expenditures
IncreaseInAccountsPayableAndAccruedExpensesForCapitalExpenditures
4566000
sbac Ground Lease Extensions
GroundLeaseExtensions
4700000
sbac Ground Lease Land Purchases
GroundLeaseLandPurchases
25907000
sbac Cost Of Site Development
CostOfSiteDevelopment
63294000
sbac Capital Expenditures
CapitalExpenditures
1059685000
sbac Business Acquisition Contingent Consideration Income Net
BusinessAcquisitionContingentConsiderationIncomeNet
1300000
sbac Percentage Of Revenue Generated From Foreign Countries
PercentageOfRevenueGeneratedFromForeignCountries
0.059 pure
sbac Percentage Of Total Assets In Foreign Countries
PercentageOfTotalAssetsInForeignCountries
0.069 pure
sbac Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
104553000
sbac Net Income Loss From Acquired Business Included In Consolidated Income
NetIncomeLossFromAcquiredBusinessIncludedInConsolidatedIncome
17700000
sbac Cash Interest Expense
CashInterestExpense
136728000
sbac Proceeds From Sale Of Das Networks
ProceedsFromSaleOfDasNetworks
94300000
sbac Adjustments To Additional Paid In Capital Issuance Of Shares Upon Conversion Of Debt
AdjustmentsToAdditionalPaidInCapitalIssuanceOfSharesUponConversionOfDebt
10000
CY2012Q3 sbac Noncash Consideration Received As Part Of Sale Of Discontinued Operations
NoncashConsiderationReceivedAsPartOfSaleOfDiscontinuedOperations
25000000
CY2012Q3 sbac Disposal Group Including Discontinued Operation Sale Price Of Assets
DisposalGroupIncludingDiscontinuedOperationSalePriceOfAssets
119300000
CY2012Q3 sbac Cash Received For Sale Of Assets Of Discontinued Operations
CashReceivedForSaleOfAssetsOfDiscontinuedOperations
94300000
CY2012Q3 sbac Write Off Of Debt Discount
WriteOffOfDebtDiscount
1000000
CY2012Q3 sbac Write Off Of Unamortized Deferred Financing Costs
WriteOffOfUnamortizedDeferredFinancingCosts
3400000
CY2012Q3 sbac Premium Paid On Redemption Of Debt
PremiumPaidOnRedemptionOfDebt
14600000
CY2011 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7200000
CY2011 sbac Number Of Customers
NumberOfCustomers
5 pure
CY2011 sbac Percentage Of Total Assets In Foreign Countries
PercentageOfTotalAssetsInForeignCountries
0.087 pure
CY2011 sbac Costs And Estimated Earnings In Excess Of Billings On Uncompleted Contracts Net
CostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContractsNet
0.914 pure
CY2011Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
122000
CY2011Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
16089000
CY2011Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1106000
CY2011Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
43311000
CY2011Q3 us-gaap Profit Loss
ProfitLoss
-33437000
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.30
CY2011Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
38000
CY2011Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
200007000
CY2011Q3 sbac Ground Lease Extensions
GroundLeaseExtensions
3300000
CY2011Q3 sbac Ground Lease Land Purchases
GroundLeaseLandPurchases
5266000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-52639000
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.44
CY2012Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-53668000
CY2012Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
238606000
CY2011Q3 us-gaap Operating Leases Income Statement Initial Direct Costs
OperatingLeasesIncomeStatementInitialDirectCosts
33932000
CY2011Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-33952000
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
27571000
CY2011Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
51847000
CY2011Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-3041000
CY2011Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-60617000
CY2011Q3 us-gaap Costs And Expenses
CostsAndExpenses
147978000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-132000
CY2011Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
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CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2011Q3 us-gaap Revenues
Revenues
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CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15415000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
391000
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-132000
CY2011Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1100000
CY2011Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33700000
CY2011Q3 us-gaap Depreciation
Depreciation
44300000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-36346000
CY2011Q3 us-gaap Interest Expense
InterestExpense
42307000
CY2011Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1474000
CY2011Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2381000
CY2011Q3 sbac Weighted Average Number Basic Diluted Shares Outstanding
WeightedAverageNumberBasicDilutedSharesOutstanding
110232000 shares
CY2011Q3 sbac Noncash Interest Expense
NoncashInterestExpense
16089000
CY2011Q3 sbac Towers And Related Intangible Assets Acquisitions
TowersAndRelatedIntangibleAssetsAcquisitions
37888000
CY2011Q3 sbac Site Development
SiteDevelopment
21035000
CY2011Q3 sbac Earnouts
Earnouts
157000
CY2011Q3 sbac Cost Of Site Development
CostOfSiteDevelopment
17915000
CY2011Q3 sbac Capital Expenditures
CapitalExpenditures
85513000
CY2011Q3 sbac Business Acquisition Contingent Consideration Income Net
BusinessAcquisitionContingentConsiderationIncomeNet
30000
CY2011Q3 sbac Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
29552000
CY2011Q3 sbac Cash Interest Expense
CashInterestExpense
42307000
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
249000
CY2012Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
17874000
CY2012Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1560000
CY2012Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
31598000
CY2012Q3 us-gaap Profit Loss
ProfitLoss
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CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.43
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
335000
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2012Q3 us-gaap Revenues
Revenues
238606000
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2012Q3 us-gaap Operating Leases Income Statement Initial Direct Costs
OperatingLeasesIncomeStatementInitialDirectCosts
46621000
CY2012Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-52699000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
41071000
CY2012Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
71683000
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1686000
CY2012Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
101012000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-52445000
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-93710000
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
197535000
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2012Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
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CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1029000
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-254000
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
CY2012Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1600000
CY2012Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46400000
CY2012Q3 us-gaap Depreciation
Depreciation
54500000
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-50759000
CY2012Q3 us-gaap Interest Expense
InterestExpense
50578000
CY2012Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-22643000
CY2012Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5715000
CY2012Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3199000
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
969000
CY2012Q3 sbac Disposal Group Including Discontinued Operation Lease Revenue
DisposalGroupIncludingDiscontinuedOperationLeaseRevenue
2121000
CY2012Q3 sbac Weighted Average Number Basic Diluted Shares Outstanding
WeightedAverageNumberBasicDilutedSharesOutstanding
121689000 shares
CY2012Q3 sbac Noncash Interest Expense
NoncashInterestExpense
17874000
CY2012Q3 sbac Towers And Related Intangible Assets Acquisitions
TowersAndRelatedIntangibleAssetsAcquisitions
21736000
CY2012Q3 sbac Site Development
SiteDevelopment
29778000
CY2012Q3 sbac Earnouts
Earnouts
708000
CY2012Q3 sbac Ground Lease Extensions
GroundLeaseExtensions
1200000
CY2012Q3 sbac Ground Lease Land Purchases
GroundLeaseLandPurchases
9154000
CY2012Q3 sbac Cost Of Site Development
CostOfSiteDevelopment
25062000
CY2012Q3 sbac Capital Expenditures
CapitalExpenditures
58216000
CY2012Q3 sbac Business Acquisition Contingent Consideration Income Net
BusinessAcquisitionContingentConsiderationIncomeNet
500000
CY2012Q3 sbac Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
41071000
CY2012Q3 sbac Cash Interest Expense
CashInterestExpense
50578000

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