Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 81

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 81
---
 as Hedging Instruments   (in thousands)Interest rate swap agreements in a fair value asset position Other assets $ 50,589  $ 104,674 Interest rate swap agreement in a fair value liability position Other long-term liabilities $ — $ 19,573 Accumulated other comprehensive loss, net includes an aggregate $50.9 million gain and a $51.5 million gain as of December 31, 2024 and 2023, respectively.The Company is exposed to counterparty credit risk to the extent that a counterparty fails to meet the terms of a contract. The Company’s exposure is limited to the current value of the contract at the time the counterparty fails to perform.The cash flows associated with these activities are reported in Net cash provided by operating activities on the Consolidated Statements of Cash Flows.The table below outlines the effects of the Company’s derivatives on the Consolidated Statements of Operations and Consolidated Statements of Shareholders’ Deficit for the fiscal years ended December 31, 2024, 2023, and 2022.                    For the year ended December 31,  2024 2023 2022         Cash Flow Hedge - Interest Rate Swap Agreement(in thousands)Change in fair value recorded in Accumulated other comprehensive        loss, net $ (34,513) $ (97,760) $ 122,536 Gain on settlement of hedging agreement recorded in Accumulated other        comprehensive loss, net  8,187    —   —Gain reclassified from Accumulated other comprehensive        loss, net into earnings$ (608) $ — $ —         Derivatives Not Designated as Hedges - Interest Rate Swap Agreements        Amount reclassified from Accumulated other comprehensive        loss, net into Non-cash interest expense$ 26,317  $ 29,627  $ 44,887             ‎ 

F-42Table of Contents

 22.QUARTERLY FINANCIAL DATA (unaudited)                            Quarter Ended  December 31, September 30, June 30, March 31,  2024 2024 2024 2024  (in thousands, except per share amounts)Revenues $ 693,700 $ 667,595 $ 660,477 $ 657,862Operating income   382,339   375,596   354,470   323,358Depreciation, accretion, and amortization   (65,073)