Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 76

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 76
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iluted weighted-average shares outstanding   108,080   108,907   109,386Net income per common share attributable to SBA         Communications Corporation:         Basic $ 6.96 $ 4.64 $ 4.27Diluted $ 6.94 $ 4.61 $ 4.22For the years ended December 31, 2024, 2023, and 2022, the diluted weighted-average number of common shares outstanding excluded an immaterial number of shares issuable upon exercise of the Company’s stock options because the impact would be anti-dilutive. ‎ 

F-38Table of Contents

 17.COMMITMENTS AND CONTINGENCIESThe Company is obligated under various non-cancelable operating leases for land, office space, equipment, and site leases. In addition, the Company is obligated under various non-cancelable financing leases for vehicles. The annual minimum lease payments, including fixed rate escalations as of December 31, 2024 are as follows (in thousands):                 Finance Leases Operating Leases2025 $ 1,921 $ 269,3892026   1,042   265,2582027   406   263,2502028   115   259,0802029   3   250,750Thereafter   —   2,555,025Total minimum lease payments   3,487   3,862,752Less: amount representing interest   (350)   (1,701,433)Present value of future payments   3,137   2,161,319Less: current obligations   (1,252)   (259,765)Long-term obligations $ 1,885 $ 1,901,554Tenant Leases The annual minimum tower lease income to be received for tower space rental under non-cancelable operating leases, including fixed rate escalations, as of December 31, 2024 is as follows:                    (in thousands)2025    $ 2,105,8562026      1,858,2682027      1,616,5052028      1,333,3102029      958,933Thereafter      1,793,532Total    $ 9,666,404 LitigationThe Company is involved in various claims, lawsuits, and proceedings arising in the ordinary course of business. While there are uncertainties inherent in the ultimate outcome of such matters and