Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 14

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 14
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 authorized, no shares issued or outstanding   —   —Common stock - Class A, par value $0.01, 400,000 shares authorized, 107,561 shares and       108,050 shares issued and outstanding at December 31, 2024 and December 31, 2023,      respectively   1,076   1,080Additional paid-in capital   2,975,455   2,894,060Accumulated deficit   (7,326,189)   (7,450,824)Accumulated other comprehensive loss, net   (760,280)   (615,198)Total shareholders' deficit   (5,109,938)   (5,170,882)Total liabilities, redeemable noncontrolling interests, and shareholders' deficit $ 11,417,336 $ 10,178,441 The accompanying notes are an integral part of these consolidated financial statements.‎ 

F-3Table of Contents

 SBA COMMUNICATIONS CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share amounts)            For the year ended December 31,  2024 2023 2022          Revenues:         Site leasing $ 2,526,765 $ 2,516,935 $ 2,336,575Site development   152,869   194,649   296,879Total revenues   2,679,634   2,711,584   2,633,454Operating expenses:         Cost of revenues (exclusive of depreciation, accretion,         and amortization shown below):         Cost of site leasing   462,997   472,687   445,685Cost of site development   118,730   139,935   222,965Selling, general, and administrative expenses   258,756   267,936   261,853Acquisition and new business initiatives related         adjustments and expenses   25,946   21,671   26,807Asset impairment and decommission costs   107,925   169,387   43,160Depreciation, accretion, and amortization   269,517   716,309   707,576Total operating expenses   1,243,871   1,787,925   1,708,046Operating income   1,435,763   923