Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 18

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 18
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11,731)   —   —   (11,731)BALANCE, December 31, 2024  107,561 $ 1,076 $ 2,975,455 $ (7,326,189) $ (760,280) $ (5,109,938)The accompanying notes are an integral part of these consolidated financial statements. 

F-6Table of Contents

 SBA COMMUNICATIONS CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)                        For the year ended December 31,  2024 2023 2022CASH FLOWS FROM OPERATING ACTIVITIES:         Net income $ 748,677 $ 497,415  $ 459,799 Adjustments to reconcile net income to net cash provided by operating activities:         Depreciation, accretion, and amortization   269,517   716,309    707,576 Non-cash asset impairment and decommission costs   91,279   154,947    42,807 Non-cash compensation expense   74,374   87,919    99,909 Loss (gain) on remeasurement of U.S. denominated intercompany loans   236,467   (81,222)   (20,295)Loss from extinguishment of debt, net   5,940   —   437 Deferred income tax (benefit) expense   (13,087)   4,629    32,901 Non-cash interest expense   27,661   35,868    46,109 Amortization of deferred financing fees    21,265   20,273    19,835 Other non-cash items reflected in the Statements of Operations   15,829   43,785    9,742 Changes in operating assets and liabilities, net of acquisitions:         Accounts receivable and costs and estimated earnings in excess of          billings on uncompleted contracts, net   18,109   44,386    (81,351)Prepaid expenses and other assets   (19,480)   (35,498)   (29,746)Operating lease right-of-use assets, net   127,182   141,114    135,473 Accounts payable and accrued expenses   (4,