Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 27

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 27
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4 and 2023, respectively, of which $26.4 million and $32.3 million related to the site development segment as of December 31, 2024 and 2023, respectively. Refer to Note 15 for further detail of the site development segment.Credit LossesThe Company’s expected credit loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions, and a review of the current status of customers’ trade accounts receivables. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not be collected considers aging of the accounts receivable balances and the financial condition of customers. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. The Company’s monitoring activities include timely account reconciliation, dispute resolution, payment confirmation, consideration of 

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customers’ financial condition, and macroeconomic conditions. Balances are written off when determined to be uncollectible. The Company is exposed to credit losses primarily through the site development business segment which provides consulting and construction related services.The following is a rollforward of the allowance for doubtful accounts for the Company’s site leasing and site development businesses:                      For the year ended December 31,  2024 2023 2022             (in thousands)Beginning balance $ 12,838 $ 9,166 $ 12,135Provision for doubtful accounts (1)   3,680   3,731   632Write-offs   (637)   (220)   (1,793)Recoveries (2)   —   —   (2,204)Acquisitions   —   —   116Currency translation adjustment   (1,194)   161   280Ending balance $ 14,687 $ 12,838 $ 9,166 (1)The year ended December 31, 2023 includes a $3.1 million reserve recorded related to Oi S.A.(2)Amounts include annual installment payments related to the Oi S.A. reorganization. The fourth and final annual installment payment was received during the year ended December 31, 2022. Cost of RevenueCost of site leasing revenue includes ground lease rent, property taxes, amortization of deferred lease costs, maintenance, fuel, energy, and other tower operating expenses. Cost of site development revenue includes the cost of materials, salaries, and