SBA Communications Cash Flow Statement
NASDAQ: SBACReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
SBA Communications free cash flow
In fiscal 2025, SBA Communications generated $1.29 billion of operating cash flow and spent $224.8 million on capital expenditures. That left free cash flow of $1.07 billion, a free-cash-flow margin of 37.9% of revenue. Free cash flow was down 3.6% from the prior year's $1.11 billion.
SBA Communications returned $976.8 million to shareholders: $479.0 million in dividends and $497.8 million in share repurchases, equal to 92% of free cash flow. Free cash flow covered dividend payments 2.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
SBA Communications cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.05B | 748.68M | 497.42M | 459.80M | 237.62M | 24.05M | 147.28M | 47.45M | 103.65M | 76.24M |
| Net Income growth (YoY) | +40.84% | +50.51% | +8.18% | +93.50% | +888.16% | -83.67% | +210.39% | -54.22% | +35.96% | — |
| Depreciation & Amortization | 292.29M | 269.52M | 716.31M | 707.58M | 700.16M | 721.97M | 697.08M | 672.11M | 643.10M | 638.19M |
| Stock-Based Compensation | 75.73M | 74.37M | 87.92M | 99.91M | 84.40M | 68.89M | 73.21M | 42.33M | 38.25M | 32.91M |
| Change in Working Capital | -179.97M | -129.02M | 62.05M | -119.12M | -36.16M | 39.63M | -10.59M | -46.91M | -29.67M | -35.61M |
| Operating Cash Flow | 1.29B | 1.33B | 1.54B | 1.29B | 1.19B | 1.13B | 970.04M | 850.62M | 818.47M | 742.52M |
| Capital Expenditures | -224.82M | -228.15M | -236.70M | -214.44M | -133.69M | -128.57M | -154.24M | -149.81M | -147.04M | -139.98M |
| Investing Cash Flow | -601.83M | -809.31M | -468.25M | -1.39B | -1.42B | -446.37M | -947.16M | -618.35M | -605.11M | -428.24M |
| Dividends Paid | -479.01M | -424.19M | -369.96M | -306.77M | -253.58M | -207.69M | -83.39M | — | — | — |
| Share Repurchases | -497.81M | -200.02M | -100.01M | -431.67M | -582.58M | -859.34M | -466.98M | -795.58M | -854.53M | -545.69M |
| Debt Issued | — | 2.28B | — | — | 1.49B | 1.48B | — | — | 741.11M | 1.08B |
| Debt Repaid | -23.00M | -2.29B | -24.00M | -24.00M | -1.87B | -759.14M | — | — | — | — |
| Financing Cash Flow | -1.66B | 645.74M | -1.02B | -135.47M | 339.26M | -469.02M | -62.31M | -148.54M | -294.57M | -288.56M |
| Net Change in Cash | -963.64M | 1.15B | 61.66M | -246.34M | 92.82M | 201.69M | -37.18M | 74.00M | -81.67M | 39.35M |
| Free Cash Flow | 1.07B | 1.11B | 1.31B | 1.07B | 1.06B | 997.47M | 815.81M | 700.81M | 671.43M | 602.54M |
This table shows 10 annual periods of SBA Communications's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow SBAC's reporting calendar. What is a cash flow statement?