Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 41

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 41
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 following table summarizes the Company’s acquisition activity:                       For the year ended December 31,  2024 2023 2022Tower acquisitions (number of towers)   186   91   4,790 The following table summarizes the Company’s cash acquisition capital expenditures:                       For the year ended December 31,  2024 2023 2022             (in thousands)Acquisitions of towers and related assets (1)(2) $ 243,635 $ 86,686 $ 1,092,462Land buyouts and other assets (3)(4)   56,176   43,275   83,630Total cash acquisition capital expenditures $ 299,811 $ 129,961 $ 1,176,092 (1)During the year ended December 31, 2022, the Company closed on 1,445 sites from Airtel Tanzania for $176.1 million. (2)During the year ended December 31, 2022, the Company acquired 2,632 sites from GTS in Brazil for $728.2 million, net of working capital adjustments. (3)Excludes $24.9 million, $17.6 million, and $17.9 million spent to extend ground lease terms for the years ended December 31, 2024, 2023, and 2022, respectively.(4)The year ended December 31, 2022 includes amounts paid related to the acquisition of a data center.During the years ended December 31, 2024, 2023, and 2022, the Company acquired 186, 91, and 4,790 towers and related assets and liabilities, respectively. The table below summarizes the Company's acquisition of towers and related assets, by asset class:                       For the year ended December 31,  2024 2023 2022 (1)             (in thousands)Property and equipment, net $ 28,730 $ 18,762 $ 148,303Intangible assets, net   217,388   66,616   351,967Operating lease right-of-use assets, net   28,505   15,863   173,796Acquired and other right-of-use assets, net   68   3,744   567,303Acquisition related holdbacks   (5,231)   (2,541)   (24,280)Long-term