Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 74

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 74
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1,777,593 $ 558,982 $ 296,879 $ — $ 2,633,454Cost of revenues (2)   264,149   181,536   222,965   —   668,650Operating profit   1,513,444   377,446   73,914   —   1,964,804Selling, general, and administrative expenses   102,619   62,911   22,911   73,412   261,853Acquisition and new business initiatives               related adjustments and expenses   13,280   13,527   —   —   26,807Asset impairment and decommission costs   33,880   9,280   —   —   43,160Depreciation, amortization and accretion   489,072   209,563   2,521   6,420   707,576Operating income (loss)   874,593   82,165   48,482   (79,832)   925,408Other expense, net (principally interest               expense and other income)            (399,565)   (399,565)Income before income taxes               525,843Cash capital expenditures (3)   235,787   1,148,941   4,057   5,610   1,394,395                      

F-37Table of Contents

                  Domestic Site Int'l Site Site      Leasing Leasing Development Other (4) Total                Assets  (in thousands)As of December 31, 2024 $ 6,206,748 $ 3,417,981 $ 65,481 $ 1,727,126 $ 11,417,336As of December 31, 2023 $ 5,876,648 $ 3,871,164 $ 66,001 $ 364,628 $ 10,178,441 (1)For the years ended December 31, 2024, 2023, and 2022, site leasing revenue in Brazil was $379.8 million, $392.0 million, and $299.5 million, respectively. Other than Brazil, no foreign country represented more than 5% of the Company’s total site leasing revenues in any of the periods presented. (2)Excludes depreciation, amortization, and acc