Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 20

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 20
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)   (9,958)Other financing activities   12,579   37    28,728 Net cash provided by (used in) financing activities   645,742   (1,017,218)   (135,474)Effect of exchange rate changes on cash, cash equivalents, and restricted cash   (21,587)   2,734    (2,915)NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH   1,149,711   61,663    (246,343)CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:         Beginning of year   250,946    189,283    435,626 End of year $ 1,400,657 $ 250,946  $ 189,283    (continued)‎ 

F-7Table of Contents

 SBA COMMUNICATIONS CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)                  For the year ended December 31,  2024 2023 2022          SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:         Cash paid during the period for:         Interest $ 395,112 $ 396,593 $ 347,659Income taxes $ 42,415 $ 25,581 $ 32,320          SUPPLEMENTAL CASH FLOW INFORMATION OF NON-CASH         ACTIVITIES:         Right-of-use assets obtained in exchange for new operating lease liabilities $ 59,189 $ 55,409 $ 171,203Operating lease modifications and reassessments $ 268,531 $ (36,539) $ 48,946Right-of-use assets obtained in exchange for new finance lease liabilities $ 336 $ 1,954 $ 3,860 The accompanying notes are an integral part of these consolidated financial statements.‎

F-8Table of Contents

SBA COMMUNICATIONS CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS1.GENERAL SBA Communications Corporation (the “Company” or “SBAC”) was incorporated in the State of Florida in March 1997. The Company is a holding company that holds all of the outstanding capital stock of SBA Telecommunications, LLC (“Telecommunications”). Telecommunications is a holding company that holds the outstanding capital stock of SBA