How much cash does SBA Communications generate?

SBA Communications (SBAC) generated $1.2B in operating cash flow over the trailing twelve months.

What is SBA Communications's free cash flow?

After $832.8M of capital expenditures, SBA Communications's free cash flow was $1.0B over the trailing twelve months, down 9.5% year over year.

Where does SBA Communications's cash flow data come from?

Every line is extracted from SBA Communications's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

SBA Communications SBAC Cash Flow Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Net income	$184.83M-50.1%	$370.29M+56.4%	$236.82M+4.9%	$225.79M+2.3%	$220.73M+27.1%
Depreciation and amortization	$81.32M+1.2%	$80.39M+4.6%	$76.88M+9.9%	$69.96M+7.6%	$65.05M0.0%
Stock-based compensation	$18.94M-1.3%	$19.18M-0.7%	$19.32M-10.2%	$21.52M+36.9%	$15.71M-12.4%
Deferred income taxes	$25.45M+159%	$9.81M-70.1%	$32.78M+25.2%	$26.19M-26.6%	$35.68M+218%
Amortization of debt issuance costs	$5.26M-5.1%	$5.54M+1.2%	$5.48M+1.1%	$5.42M-0.3%	$5.43M-7.3%
Impairment charges	$3.49M—	——	$186K-94.5%	$3.36M+31.1%	$2.56M-20.2%
Gain (loss) on sale of assets	-$38K-100%	$226.66M—	——	——	-$18.79M-10,483%
Change in accounts payable	-$13.06M+49.3%	-$25.74M-276%	$14.6M—	——	-$8.54M—
Change in other assets	$740K-98.7%	$58.9M+437%	$10.97M—	$0-100%	$4.64M+87.0%
Change in other liabilities	-$60.64M-332%	-$14.04M—	——	——	-$23.61M+58.2%
Other working capital changes	-$13.96M-128%	$50.59M+422%	-$15.69M-5.3%	-$14.9M+25.5%	-$20M—
Amortization of intangible assets	$33.5M+6.0%	$31.6M+6.8%	$29.6M+9.2%	$27.1M+1.1%	$26.8M-1.8%
Net gains (losses) on investments	$11.11M+546%	-$2.49M+14.0%	-$2.89M+75.0%	-$11.59M+66.7%	-$34.86M—
Change in receivables	-$15.96M-184%	$19M+15.1%	$16.52M-46.9%	$31.13M+399%	-$10.4M—
Pension contributions	——	$950K0.0%	$950K0.0%	$950K0.0%	$950K+15.2%
Change in accrued investment income	$25.7M—	——	$38M+194%	-$40.45M-250%	$26.94M—
Net cash from operating activities	$255.09M-16.1%	$304.03M-4.4%	$318.03M-13.6%	$368.1M+22.2%	$301.18M-2.9%
Capital expenditures	$48.4M-22.8%	$62.73M-16.1%	$74.72M-88.4%	$646.93M+1,301%	$46.17M-16.9%
Acquisitions, net of cash acquired	$143.5M-63.6%	$394.41M+3,241%	$11.81M-98.0%	$589.22M+830%	$63.39M+102%
Purchases of investments	$725.13M+42.7%	$508.31M+127%	$223.7M+8.6%	$205.93M-9.8%	$228.38M-61.7%
Proceeds from maturities/sales of investments	$618M+25.0%	$494.33M+121%	$224.1M-17.0%	$270M-35.1%	$415.84M+16.3%
Proceeds from sale of businesses	$2.18M-99.2%	$290.09M+305,254%	$95K+132%	$41K-99.9%	$40.43M+48,462%
Other investing activities	-$75K—	——	$6.95M+46,427%	-$15K+99.7%	-$4.94M-233%
Net cash from investing activities	-$296.77M-64.1%	-$180.82M-131%	-$78.31M+86.5%	-$580.96M-344%	$238.27M+172%
Dividends paid	$135.2M+14.3%	$118.23M-0.8%	$119.14M-0.2%	$119.37M-2.4%	$122.28M+16.0%
Repayments of debt	$5.75M0.0%	$5.75M-50.0%	$11.5M—	$0-100%	$5.75M-54.9%
Proceeds from issuance of common stock	$14.4M-32.7%	$21.38M+781%	$2.43M-80.5%	$12.48M+6.5%	$11.71M-42.8%
Other financing activities	-$3.07M-100%	-$1.54M-104%	-$754K-9.0%	-$692K+16.0%	-$824K-107%
Net cash from financing activities	-$69.61M+51.4%	-$143.36M-79.6%	-$79.8M+49.6%	-$158.28M+87.7%	-$1.28B-209%
Effect of exchange rate changes on cash	$6.79M-35.0%	$10.44M+111%	$4.96M-34.4%	$7.56M+23.1%	$6.14M+128%
Net increase (decrease) in cash	-$104.51M+89.2%	-$963.64M—	——	-$363.58M+50.6%	-$736.55M-164%
Interest paid	$155.29M+59.6%	$97.27M-38.5%	$158.19M+98.4%	$79.72M-39.7%	$132.22M+64.4%
Income taxes paid	$44.73M+126%	$19.75M+101%	$9.81M-37.8%	$15.76M+112%	$7.45M-54.7%
Stock-based compensation	——	$18.93M0.0%	$18.93M0.0%	$18.93M0.0%	$18.93M+1.8%
Write-off of customer financing receivable	——	$1.52M0.0%	$1.52M0.0%	$1.52M0.0%	$1.52M+851%
Amortization expense related to capitalized debt issuance costs	$5.26M-5.1%	$5.54M+1.2%	$5.48M+1.1%	$5.42M-0.3%	$5.43M-7.3%
Amortization of capitalized software and acquired intangible assets	$33.5M+6.0%	$31.6M+6.8%	$29.6M+9.2%	$27.1M+1.1%	$26.8M-1.8%
Depreciation	$36M-3.0%	$37.1M+3.9%	$35.7M+12.6%	$31.7M+16.1%	$27.3M+1.5%
Foreign currency remeasurement (loss) gain on debt	$16.26M—	——	$37.85M-16.4%	$45.27M-17.2%	$54.64M+147%
Gain (Loss) on Disposition of Assets	-$38K-100%	$226.66M—	——	——	-$18.79M-10,483%
Impairment charges for facilities consolidation	——	$46.05M0.0%	$46.05M0.0%	$46.05M0.0%	$46.05M+70.7%
Impairment of assets held for sale	$3.49M—	——	$186K-94.5%	$3.36M+31.1%	$2.56M-20.2%
Increase (Decrease) in Accounts and Other Receivables	-$15.96M-184%	$19M+15.1%	$16.52M-46.9%	$31.13M+399%	-$10.4M—
Increase (Decrease) in Accrued Interest Receivable, Net	$25.7M—	——	$38M+194%	-$40.45M-250%	$26.94M—
Increase Decrease In Long Term Lease Liability	-$35.05M-8.6%	-$32.26M+0.7%	-$32.5M-1.5%	-$32.04M+2.3%	-$32.79M-2.0%
Increase Decrease In Operating Lease Right Of Use Asset	$39.05M+19.0%	$32.83M-2.5%	$33.66M+10.8%	$30.37M-8.2%	$33.08M+26.7%
Increase (Decrease) in Prepaid Expense and Other Assets	$740K-98.7%	$58.9M+437%	$10.97M—	$0-100%	$4.64M+87.0%
Minority Interest Change In Redemption Value	$8.13M+420%	$1.56M-76.7%	$6.72M+145%	$2.74M-77.6%	$12.23M—
Noncash Asset Impairment And Decommission Costs	$26.93M-65.5%	$77.99M+349%	$17.37M-59.6%	$42.99M+20.3%	$35.73M+106%
Other Noncash Income (Expense)	-$13.96M+17.7%	-$16.96M-8.1%	-$15.69M-5.3%	-$14.9M+25.5%	-$20M—
Payment-in-kind interest	$772K—	——	$567K-54.0%	$1.23M-85.2%	$8.35M+68.8%
Payment for (Proceeds from) Other Investing Activity	-$75K—	——	$6.95M+46,427%	-$15K+99.7%	-$4.94M-233%
Payments for (Proceeds from) Short-Term Investments	——	$1.65M0.0%	$1.65M0.0%	$1.65M0.0%	$1.65M-97.4%
Payments to Acquire Short-Term Investments	$723.4M+33.0%	$543.8M+144%	$223.3M+8.5%	$205.9M-9.3%	$227M-62.6%
Proceeds from disposition of marketable securities and other investments	$618M+25.0%	$494.33M+121%	$224.1M-17.0%	$270M-35.1%	$415.84M+16.3%
Proceeds From Sale Of Short Term Investments	$618M+26.1%	$490.1M+119%	$224.1M-17.0%	$270M-35.1%	$415.8M+29.4%
Repayment Funding Of Loan To Unconsolidated Joint Venture	——	——	——	——	-$115M—
Dividends	$133.54M+12.3%	$118.95M-0.8%	$119.86M-0.1%	$119.99M-0.6%	$120.76M+13.9%
Payment Stock Option Net Share Settlements	$19.62M+3,004%	$632K+251%	$180K-55.8%	$407K-98.3%	$24.29M+3,856%
Payments for Repurchase of Redeemable Noncontrolling Interest	——	$36.5K0.0%	$36.5K0.0%	$36.5K0.0%	$36.5K-92.2%
Proceeds from exercises of stock options and other stock issuances	$34.02M+737%	$4.06M+55.8%	$2.61M-79.8%	$12.88M-64.2%	$36M+307%
Other, net	-$3.07M-100%	-$1.54M-104%	-$754K-9.0%	-$692K+16.0%	-$824K-107%
Repayments of Long-Term Lines of Credit	$90M-28.0%	$125M—	——	——	——
Repayments Of Related Party Debt	$0-100%	$80M+60.0%	$50M—	——	——
Repayments Of Secured Debt	$750M—	——	——	——	$1.17B+651%
Repayments of Senior Debt	$5.75M0.0%	$5.75M-50.0%	$11.5M—	$0-100%	$5.75M-54.9%
Adjustments To Additional Paid In Capital Other	-$8.13M-420%	-$1.56M+76.7%	-$6.72M-145%	-$2.74M+77.6%	-$12.23M—
Allowance For Doubtful Accounts Receivable Foreign Currency Translation	——	$196.5K0.0%	$196.5K0.0%	$196.5K0.0%	$196.5K+166%
Asset Impairment And Decommission Costs	$29.3M-64.1%	$81.59M+301%	$20.32M-55.1%	$45.23M+22.2%	$37.03M+85.2%
Business Combination Acquisition Related Costs And Adjusments	$8.09M-9.1%	$8.9M+72.6%	$5.16M-12.4%	$5.89M-20.2%	$7.38M+12.4%
Cash Interest Expense	$128.53M+3.7%	$123.95M+3.2%	$120.15M+0.4%	$119.66M+14.9%	$104.15M-5.4%
Company Owned Tower Sites	——	11.6K0.0%	11.6K0.0%	11.6K0.0%	11.6K+16.6%
Cost Method Invesment Impairment Loss	$0—	——	$0—	$0—	$0-100%
Cost of services	$39.42M-11.9%	$44.75M-28.4%	$62.51M+16.8%	$53.53M+40.2%	$38.19M+6.0%
Cost Of Goods Sold Direct Operating Lease	$131.91M+1.0%	$130.67M+2.7%	$127.28M+7.3%	$118.57M+2.7%	$115.48M-0.5%
Cost Of Revenue	$171.34M-2.3%	$175.42M-7.6%	$189.79M+10.3%	$172.1M+12.0%	$153.67M+1.0%
Costs and Expenses	$360.59M-14.3%	$420.66M+17.5%	$358.16M-1.7%	$364.2M+10.6%	$329.34M+5.8%
Current Income Tax Expense (Benefit)	——	$20.78M0.0%	$20.78M0.0%	$20.78M0.0%	$20.78M+124%
U.S. state and local	——	$513K0.0%	$513K0.0%	$513K0.0%	$513K-25.6%
Non-U.S.	——	$23.17M0.0%	$23.17M0.0%	$23.17M0.0%	$23.17M+449%
Deferred Income Tax Expense Benefit Valuation Allowance	——	-$114.75K0.0%	-$114.75K0.0%	-$114.75K0.0%	-$114.75K-112%
Deferred Income Tax Expense Benefits	——	$26.11M0.0%	$26.11M0.0%	$26.11M0.0%	$26.11M+898%
Non-qualified Employer Contributions	——	$950K0.0%	$950K0.0%	$950K0.0%	$950K+15.2%
Defined Benefit Plan Minimum Age Requirement	——	5.30.0%	5.30.0%	5.30.0%	5.30.0%
Defined Contribution Plan Employer Discretionary Contribution Amount	——	$1K0.0%	$1K0.0%	$1K0.0%	$1K0.0%
Effective Income Tax Rate Reconciliation At Uncertain Tax Positions Amount	——	——	——	——	——
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential Amount State Two	——	-$3.77M0.0%	-$3.77M0.0%	-$3.77M0.0%	-$3.77M—
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential Amount State One	——	$6.98M0.0%	$6.98M0.0%	$6.98M0.0%	$6.98M—
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential State Two Percent	——	-1.2%—	——	——	——
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential State One Percent	——	2.2%—	——	——	——
Effective Income Tax Rate Reconciliation Nondeductible Or Nondeductible Items Reit	——	-11.6%—	——	——	——
Effective Income Tax Rate Reconciliation Other Foreign Jurisdictions Amount	——	$4.61M0.0%	$4.61M0.0%	$4.61M0.0%	$4.61M—
Effective Income Tax Rate Reconciliation Other Foreign Income Tax Rate Differential Amount	——	$214.25K0.0%	$214.25K0.0%	$214.25K0.0%	$214.25K—
Effective Income Tax Rate Reconciliation Other Foreign Jurisdictions Percent	——	1.5%—	——	——	——
Effective Income Tax Rate Reconciliation Other Foreign Income Tax Rate Differential Percent	——	0.1%—	——	——	——
Foreign Currency Transaction Gain Loss Realized After Tax	$10.1M+106%	-$173.4M-780%	$25.5M-16.1%	$30.4M-15.6%	$36M-84.7%
Gross Profit	$532.1M-2.2%	$544.16M+0.3%	$542.54M+3.0%	$526.89M+3.2%	$510.58M-5.7%
Ground Lease Extensions	$2M-20.0%	$2.5M+38.9%	$1.8M-60.9%	$4.6M+43.8%	$3.2M-59.5%
Ground Lease Land Purchases	$11.3M-41.3%	$19.23M+72.4%	$11.15M+19.8%	$9.31M+1.1%	$9.21M-59.3%
Impairment Of Long Lived Assets Held For Use Additions	$22.43M-72.8%	$82.6M+313%	$20.01M-50.7%	$40.58M+33.2%	$30.47M+156%
Income Loss From Continuing Operations Before Income Taxes Domestic	——	70,386,300,000%—	——	——	——
Income Loss From Continuing Operations Before Income Taxes Foreign	——	53,817,500,000%—	——	——	——
Income Loss From Continuing Operations Per Basic Share	175%-808%	983%+762%	221%+11.0%	210%+5.0%	205%-491%
Income Loss From Continuing Operations Per Diluted Share	174%-806%	980%+760%	220%+11.0%	209%+5.0%	204%-490%
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance	——	——	——	——	——
Income Tax Reconciliation Effect Of Real Estate Investment Trust Election Amount	——	-$36.16M0.0%	-$36.16M0.0%	-$36.16M0.0%	-$36.16M+11.7%
Foreign Tax Effects	——	——	——	——	——
U.S. federal statutory tax	——	26,082,900,000%—	——	——	——
Income Tax Reconciliation Permanent Differences Amount	——	——	——	——	——
State and local taxes	——	$1.1M0.0%	$1.1M0.0%	$1.1M0.0%	$1.1M+24.2%
Interest Costs Incurred Capitalized	——	$175K0.0%	$175K0.0%	$175K0.0%	$175K-12.5%
Investment Income Interest	$5.21M-27.9%	$7.22M+30.9%	$5.52M-32.3%	$8.16M-24.4%	$10.78M-47.7%
Less: Net income from noncontrolling interests	$72K-46.7%	$135K-96.3%	$3.62M+3,715%	-$100K+96.5%	-$2.83M—
Non Cash Interest Expense	$772K—	——	$567K-54.0%	$1.23M-85.2%	$8.35M+68.8%
Other Income - Net	-$106.83M—	——	-$85.09M-14.9%	-$74.03M+1.3%	-$74.99M+66.9%
Number of Operating Segments	2—	——	——	——	2—
Number Of Towers Acquired	——	1.8K0.0%	1.8K0.0%	1.8K0.0%	1.8K+3,742%
Operating Lease Modifications And Reassessments	$51.43M+31.5%	$39.1M-15.8%	$46.43M+8.0%	$43M+36.9%	$31.42M-42.3%
Other Asset Impairment Charges Including Third Pary Decommission Costs	$3.38M+6.6%	$3.17M+2,480%	$123K-90.5%	$1.3M-67.5%	$4M-18.4%
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent	$16.26M-38.6%	$26.49M+0.6%	$26.34M-28.1%	$36.66M-37.4%	$58.52M+175%
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest	$716K+1,646%	$41K—	——	$86K-90.8%	$932K+173%
Ratio Of Total Debt To Annualized Borrower Ebitda	——	650%—	——	——	——
Real Estate Accumulated Depreciation Additions	——	$44.49M0.0%	$44.49M0.0%	$44.49M0.0%	$44.49M+37.7%
Real Estate Accumulated Depreciation Deductions	——	$18.27M0.0%	$18.27M0.0%	$18.27M0.0%	$18.27M+4.8%
Real Estate Additions	——	$206.67M0.0%	$206.67M0.0%	$206.67M0.0%	$206.67M+171%
Real Estate Construction And Related Costs On New Builds	——	$21.6M0.0%	$21.6M0.0%	$21.6M0.0%	$21.6M-34.3%
Real Estate Deductions	——	$28M0.0%	$28M0.0%	$28M0.0%	$28M-65.3%
Real Estate Land Buyouts And Other Assets	——	$7.5M0.0%	$7.5M0.0%	$7.5M0.0%	$7.5M-5.5%
Real Estate Maintenance	——	$13.47M0.0%	$13.47M0.0%	$13.47M0.0%	$13.47M+7.4%
Real Estate Other Additions	——	$797K0.0%	$797K0.0%	$797K0.0%	$797K+8.4%
Revenue From Contract With Customer Excluding Assessed Tax	$47.29M-11.4%	$53.37M-29.7%	$75.9M+13.0%	$67.19M+39.9%	$48.04M+1.4%
Revenues	$703.44M-2.2%	$719.58M-1.7%	$732.33M+4.8%	$698.98M+5.2%	$664.25M-4.2%
Leased assets obtained in exchange for operating lease liabilities	$11.43M-90.5%	$120.04M+453%	$21.72M-54.8%	$48.02M+70.9%	$28.1M+88.2%
SEC Schedule III Real Estate Number Of Units	——	11.6K0.0%	11.6K0.0%	11.6K0.0%	11.6K+16.6%
SEC Schedule III Real Estate Writedown Or Reserve Amount	——	$33.2M0.0%	$33.2M0.0%	$33.2M0.0%	$33.2M+79.5%
Share Based Payment Arrangement Exercise Of Option Tax Expense	——	$250K0.0%	$250K0.0%	$250K0.0%	$250K-33.3%
Stock Repurchased And Retired During Period Value	$2.25M-99.0%	$216.27M+43.4%	$150.84M+15.4%	$130.7M—	$0—
Towers And Related Intangible Assets Acquisitions	$132.2M-64.8%	$375.18M+57,268%	$654K-99.9%	$579.91M+970%	$54.18M+517%
Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions	——	$89.75K0.0%	$89.75K0.0%	$89.75K0.0%	$89.75K+124%
Increases based on tax positions related to the current period	——	$943.75K0.0%	$943.75K0.0%	$943.75K0.0%	$943.75K+6.1%
Free cash flow	$206.69M-14.3%	$241.3M-6.5%	$257.98M-17.4%	$312.23M+22.4%	$255M+0.2%
Free cash flow	$206.69M-14.3%	$241.3M-6.5%	$257.98M-17.4%	$312.23M+22.4%	$255M+0.2%

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Questions, answered.

How much cash does SBA Communications generate?: SBA Communications (SBAC) generated $1.2B in operating cash flow over the trailing twelve months.
What is SBA Communications's free cash flow?: After $832.8M of capital expenditures, SBA Communications's free cash flow was $1.0B over the trailing twelve months, down 9.5% year over year.
Where does SBA Communications's cash flow data come from?: Every line is extracted from SBA Communications's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.