Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 15

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 15
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,659   925,408Other income (expense):         Interest income   41,962   18,305   10,133Interest expense   (399,778)   (400,373)   (353,784)Non-cash interest expense   (27,661)   (35,868)   (46,109)Amortization of deferred financing fees   (21,265)   (20,273)   (19,835)Loss from extinguishment of debt, net   (5,940)   —   (437)Other (expense) income, net   (250,415)   63,053   10,467Total other expense, net   (663,097)   (375,156)   (399,565)Income before income taxes   772,666   548,503   525,843Provision for income taxes   (23,989)   (51,088)   (66,044)Net income   748,677   497,415   459,799Net loss attributable to noncontrolling interests   859   4,397   1,630Net income attributable to SBA Communications         Corporation $ 749,536 $ 501,812 $ 461,429Net income per common share attributable to SBA         Communications Corporation:         Basic $ 6.96 $ 4.64 $ 4.27Diluted $ 6.94 $ 4.61 $ 4.22Weighted-average number of common shares         Basic   107,644   108,204   107,957Diluted   108,080   108,907   109,386The accompanying notes are an integral part of these consolidated financial statements.

F-4Table of Contents

 SBA COMMUNICATIONS CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(in thousands)                       For the year ended December 31,  2024 2023 2022          Net income $ 748,677 $ 497,415 $ 459,799Adjustments related to interest rate swaps   (617)   (68,133)   167,423Foreign currency translation adjustments   (143,847)   42,546   4,172Comprehensive income   604,213   471,828   631,394Comprehensive loss attributable to noncontrolling interests