SBA Communications Cash Flow Statement
SBAC / Real Estate|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
SBA Communications generated $1.3B in operating cash flow and $1.1B in free cash flow in FY2025. Free cash flow margin was 160.6% of revenue.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -0.63 (distress zone, below 1.8 threshold)
- Strong profit margin: 28.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $220.7M | $749.5M | $501.8M | $24.1M | $147.0M | $47.5M | $147.0M | $76.2M | -$175.7M | -$24.3M | -$175.7M | -$181.0M | -$55.9M | -$181.0M | -$140.9M |
| Depreciation & Amortization | - | - | - | $287.0M | $281.6M | $269.2M | - | $268.1M | $296.5M | $287.8M | - | $219.5M | - | - | $150.6M |
| Operating Cash Flow | $1.3B | $1.3B | $1.5B | $1.1B | $970.0M | $850.6M | $970.0M | $742.5M | $723.0M | $674.3M | $723.0M | $340.9M | $497.6M | $340.9M | $222.6M |
| Capital Expenditures | $224.8M | $228.1M | $236.7M | $128.6M | $154.2M | $149.8M | $154.2M | $140.0M | $208.7M | $211.3M | $208.7M | $113.3M | $168.9M | $113.3M | $46.7M |
| Free Cash Flow | $1.1B | $1.1B | $1.3B | $997.5M | $815.8M | $700.8M | $815.8M | $602.5M | $514.3M | $463.1M | $514.3M | $227.6M | $328.7M | $227.6M | $175.8M |
| Share Buybacks | $497.8M | $200.0M | $100.0M | $859.3M | $467.0M | $795.6M | $467.0M | $545.7M | $450.1M | $450.1M | $450.1M | - | - | - | $51.7M |
| Dividends Paid | $479.0M | $424.2M | $370.0M | $207.7M | $83.4M | $83.4M | $83.4M | - | - | - | - | - | - | - | - |
| FCF Margin | 160.6% | 41.3% | 48.2% | 47.9% | 40.5% | 37.6% | 40.5% | 36.9% | 31.4% | 30.3% | 31.4% | 23.9% | 25.2% | 23.9% | 31.6% |