Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 2

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 2
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 and Accumulated Depreciation                                                                 Gross          Life on Which          Cost   Amount  Accumulated       Depreciation           Capitalized  Carried  Depreciation       in Latest       Initial  Subsequent  at Close  at Close       Income       Cost to  to  of Current  of Current Date of   Date  Statement is  Description  Encumbrances Company  Acquisition  Period  Period Construction  Acquired  Computed                           (in thousands) 39,749 sites(1)$ 10,672,750(2) (3)  (3) $ 8,213,791(4) $ (4,291,860) Various  Various  Up to 70 years(5)(1)No single site exceeds 5% of the aggregate gross amounts at which the assets were carried at the close of the period set forth in the table above.(2)As of December 31, 2024, certain assets secure debt of $10.7 billion.(3)The Company has omitted this information, as it would be impracticable to compile such information on a site-by-site basis.(4)Does not include those sites under construction.(5)Amounts include the acquisition of the exclusive right to lease and operate utility transmission structures, which included existing wireless tenant licenses from PG&E.                                                                     2024 2023 2022                                          (in thousands)Gross amount at beginning$ 8,231,510  $ 7,993,750  $ 7,068,208 Additions during period:         Acquisitions (1)  34,350    22,081    727,863 Construction and related costs on new builds  131,539    59,873    69,384 Augmentation and tower upgrades  54,181    82,917    60,247 Land buyouts and other assets  31,739    32,247    26,588 Tower maintenance  50,182    49,471    42,048 Other (2)  2,942   35,880    23,824 Total additions  304,933   282,469    949,954 Deductions during period:         Cost of real estate sold or disposed  (437)   (8,024)   (610)Impairment (3)  (73,