Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 44

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 44
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 (3,394,009) $ 1,859,554Network location intangibles   1,896,754   (1,333,605)   563,149   1,926,226   (1,330,183)   596,043Intangible assets, net $ 7,061,017 $ (4,672,310) $ 2,388,707 $ 7,179,789 $ (4,724,192) $ 2,455,597 All intangible assets noted above are included in the Company’s site leasing segment. Amortization expense relating to the intangible assets above was $107.1 million, $397.0 million, and $406.0 million for the years ended December 31, 2024, 2023, and 2022, respectively. As a result of the Company’s revision of the estimated useful lives of its towers, the Company experienced decreased amortization expense for the year ended December 31, 2024 when compared to the prior years.Estimated amortization expense on the Company’s intangibles assets is as follows:                    For the year ended December 31,        (in thousands)          2025       $ 106,3712026         106,1982027         106,1772028         106,1662029         106,166                   

F-22Table of Contents

10.ACCRUED EXPENSESThe Company’s accrued expenses are comprised of the following:                As of As of  December 31, 2024 December 31, 2023         (in thousands)Salaries and benefits $ 24,996 $ 25,630Real estate and property taxes    7,204   7,149Unpaid capital expenditures   14,581   6,477Acquisition related holdbacks   10,896   16,100Other   24,300   37,266Total accrued expenses $ 81,977 $ 92,622     11.DEBTThe principal values, fair values, and carrying values of debt consist of the following (in thousands):                                               As of As of    December 31, 2024 December 31, 2023  Maturity Date Principal ‎Balance Fair Value Carrying ‎Value Principal ‎Balance Fair Value Carrying ‎ValueRevolving Credit Facility Jan. 25, 2029 $ — $ — $ — $ 180