Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 68

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 68
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 expense   3,543   9,288   5,585REIT adjustment   (163,795)   (75,513)   (86,670)Permanent differences   12,868   11,872   (3,257)Uncertain tax positions   (293)   14,202   —Property, equipment, and intangible basis differences   —   —   8,471Other   7,274   1,416   2,559Valuation allowance   3,974   (57,085)   7,933Provision for income taxes $ 23,989 $ 51,088 $ 66,044 (1)This item includes the effect of foreign exchange rate changes which were previously shown on a separate line. 

F-34Table of Contents

 The components of the net noncurrent deferred income tax asset (liability) accounts are as follows:                         As of December 31,     2024  2023               (in thousands)Deferred tax assets:         Net operating losses    $ 30,942 $ 42,064Property, equipment, and intangible basis differences      18,217   25,225Accrued liabilities      14,892   14,945Non-cash compensation      25,830   29,576Operating lease liability      254,521   268,107Deferred revenue      5,735   6,348Allowance for doubtful accounts      2,854   2,735Currency translation      64,881   14,467Other      8,146   14,075Valuation allowance      (19,326)   (16,115)Total deferred tax assets, net (1)      406,692   401,427          Deferred tax liabilities:         Property, equipment, and intangible basis differences      (171,763)   (169,744)Right of use asset      (240,300)   (254,573)Straight-line rents      (16,877)   (19,029)Deferred foreign withholding taxes      (8,950)   (8,322)Other      —   (1,495)Total deferred tax liabilities, net (1)    $ (31,198) $ (51,736) (1)Of these amounts, $53,974 and $85,172 are included in Other assets and Other long-term liabilities, respectively, on the