10-Q Filing

SBA COMMUNICATIONS CORP CIK: 1034054 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001034054-23-000006`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	sbac-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 107 Cash Flow Statement 85 Stockholders Equity 45 Comprehensive Income 24

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.17M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$143.71M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$72.08M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$41.96M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock - Class A, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$184.37M	USD	Point-in-time
Common stock - Class A, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$160.31M	USD	Point-in-time
Common stock - Class A, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock - Class A, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`ContractWithCustomerAssetNetCurrent`	$42.15M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`ContractWithCustomerAssetNetCurrent`	$79.55M	USD	Point-in-time
Common stock - Class A, shares issued	`CommonStockSharesIssued`	108.00M	shares	Point-in-time
Common stock - Class A, shares issued	`CommonStockSharesIssued`	108.38M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$64.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$33.15M	USD	Point-in-time
Common stock - Class A, shares outstanding	`CommonStockSharesOutstanding`	108.00M	shares	Point-in-time
Common stock - Class A, shares outstanding	`CommonStockSharesOutstanding`	108.38M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$482.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$518.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.71B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.71B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.78B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.63B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$2.36B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$2.38B	USD	Point-in-time
Acquired and other right-of-use assets, net	`AcquiredAndOtherRightOfUseAssetsNet`	$1.53B	USD	Point-in-time
Acquired and other right-of-use assets, net	`AcquiredAndOtherRightOfUseAssetsNet`	$1.51B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$855.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$722.37M	USD	Point-in-time
Total assets	`Assets`	$10.59B	USD	Point-in-time
Total assets	`Assets`	$10.60B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$47.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$51.43M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$84.12M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$101.48M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$24.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$24.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$154.55M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$230.07M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$54.17M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$55.10M	USD	Point-in-time
Current lease liabilities	`LeaseLiabilityCurrent`	$274.83M	USD	Point-in-time
Current lease liabilities	`LeaseLiabilityCurrent`	$262.37M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$23.24M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$48.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$696.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$738.39M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$12.84B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$12.57B	USD	Point-in-time
Long-term lease liabilities	`LeaseLiabilityNoncurrent`	$2.04B	USD	Point-in-time
Long-term lease liabilities	`LeaseLiabilityNoncurrent`	$2.02B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$330.84M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$248.07M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$14.92B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$15.13B	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$31.73M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$17.25M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$37.57M	USD	Point-in-time
Preferred stock - par value $0.01, 30,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - par value $0.01, 30,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock - Class A, par value $0.01, 400,000 shares authorized, 108,381 shares and 107,997 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$1.08M	USD	Point-in-time
Common stock - Class A, par value $0.01, 400,000 shares authorized, 108,381 shares and 107,997 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$1.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.80B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.82B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.36B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.48B	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-555.57M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-590.51M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.43B	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.27B	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.44B	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.09B	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.28B	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.28B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests, and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$10.59B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests, and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$10.60B	USD	Point-in-time

Income Statement 107 line items

Line Item	Tag	Value	Unit	Period
Site leasing	`OperatingLeaseLeaseIncome`	$1.24B	USD	2 Qtrs
Site leasing	`OperatingLeaseLeaseIncome`	$626.14M	USD	1 Quarter
Site leasing	`OperatingLeaseLeaseIncome`	$1.14B	USD	2 Qtrs
Site leasing	`OperatingLeaseLeaseIncome`	$580.23M	USD	1 Quarter
Site development	`RevenueFromContractWithCustomerExcludingAssessedTax`	$132.11M	USD	2 Qtrs
Site development	`RevenueFromContractWithCustomerExcludingAssessedTax`	$110.61M	USD	2 Qtrs
Site development	`RevenueFromContractWithCustomerExcludingAssessedTax`	$71.77M	USD	1 Quarter
Site development	`RevenueFromContractWithCustomerExcludingAssessedTax`	$52.36M	USD	1 Quarter
Total revenues	`Revenues`	$678.50M	USD	1 Quarter
Total revenues	`Revenues`	$652.01M	USD	1 Quarter
Total revenues	`Revenues`	$1.35B	USD	2 Qtrs
Total revenues	`Revenues`	$1.27B	USD	2 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$48.65M	USD	2 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$44.46M	USD	2 Qtrs
Cost of site leasing	`CostOfGoodsSoldDirectOperatingLease`	$111.52M	USD	1 Quarter
Cost of site leasing	`CostOfGoodsSoldDirectOperatingLease`	$235.13M	USD	2 Qtrs
Cost of site leasing	`CostOfGoodsSoldDirectOperatingLease`	$218.67M	USD	2 Qtrs
Cost of site leasing	`CostOfGoodsSoldDirectOperatingLease`	$115.01M	USD	1 Quarter
Cost of site development	`CostOfGoodsAndServicesSold`	$83.42M	USD	2 Qtrs
Cost of site development	`CostOfGoodsAndServicesSold`	$100.27M	USD	2 Qtrs
Cost of site development	`CostOfGoodsAndServicesSold`	$54.50M	USD	1 Quarter
Cost of site development	`CostOfGoodsAndServicesSold`	$39.24M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$125.40M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$63.38M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$63.27M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$135.59M	USD	2 Qtrs
Acquisition and new business initiatives related adjustments and expenses	`BusinessCombinationAcquisitionRelatedCostsAndAdjusments`	$6.83M	USD	1 Quarter
Acquisition and new business initiatives related adjustments and expenses	`BusinessCombinationAcquisitionRelatedCostsAndAdjusments`	$4.95M	USD	1 Quarter
Acquisition and new business initiatives related adjustments and expenses	`BusinessCombinationAcquisitionRelatedCostsAndAdjusments`	$11.93M	USD	2 Qtrs
Acquisition and new business initiatives related adjustments and expenses	`BusinessCombinationAcquisitionRelatedCostsAndAdjusments`	$11.01M	USD	2 Qtrs
Asset impairment and decommission costs	`AssetImpairmentAndDecommissionCosts`	$32.87M	USD	1 Quarter
Asset impairment and decommission costs	`AssetImpairmentAndDecommissionCosts`	$59.26M	USD	2 Qtrs
Asset impairment and decommission costs	`AssetImpairmentAndDecommissionCosts`	$17.03M	USD	2 Qtrs
Asset impairment and decommission costs	`AssetImpairmentAndDecommissionCosts`	$8.52M	USD	1 Quarter
Depreciation, accretion, and amortization	`DepreciationAmortizationAndAccretionNet`	$364.24M	USD	2 Qtrs
Depreciation, accretion, and amortization	`DepreciationAmortizationAndAccretionNet`	$181.82M	USD	1 Quarter
Depreciation, accretion, and amortization	`DepreciationAmortizationAndAccretionNet`	$176.39M	USD	1 Quarter
Depreciation, accretion, and amortization	`DepreciationAmortizationAndAccretionNet`	$350.72M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$824.02M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$437.27M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$888.65M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$421.03M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$241.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$447.76M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$230.98M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$465.37M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.02M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.68M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.52M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.50M	USD	2 Qtrs
Interest expense	`InvestmentIncomeInvestmentExpense`	$166.57M	USD	2 Qtrs
Interest expense	`InvestmentIncomeInvestmentExpense`	$101.29M	USD	1 Quarter
Interest expense	`InvestmentIncomeInvestmentExpense`	$84.31M	USD	1 Quarter
Interest expense	`InvestmentIncomeInvestmentExpense`	$202.51M	USD	2 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$21.76M	USD	2 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$7.52M	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$11.53M	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$23.05M	USD	2 Qtrs
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$4.92M	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$5.04M	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$10.03M	USD	2 Qtrs
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$9.80M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$40.73M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$78.29M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-66.14M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$42.02M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-68.44M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-165.39M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-148.51M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-153.38M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$172.79M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$316.86M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$294.37M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$65.59M	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$-29.18M	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$36.91M	USD	2 Qtrs
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$14.33M	USD	2 Qtrs
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$-3.56M	USD	1 Quarter
Net income	`ProfitLoss`	$302.52M	USD	2 Qtrs
Net income	`ProfitLoss`	$201.97M	USD	1 Quarter
Net income	`ProfitLoss`	$257.46M	USD	2 Qtrs
Net income	`ProfitLoss`	$69.15M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-365.00K	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.68M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-682.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.34M	USD	2 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.63M	USD	Annual
Net income attributable to SBA Communications Corporation	`NetIncomeLoss`	$304.87M	USD	2 Qtrs
Net income attributable to SBA Communications Corporation	`NetIncomeLoss`	$258.14M	USD	2 Qtrs
Net income attributable to SBA Communications Corporation	`NetIncomeLoss`	$203.65M	USD	1 Quarter
Net income attributable to SBA Communications Corporation	`NetIncomeLoss`	$69.52M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.39	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$2.82	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.88	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.79	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.87	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.36	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	108.24M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	108.36M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.97M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.08M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.44M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.35M	shares	1 Quarter

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$302.52M	USD	2 Qtrs
Net income	`ProfitLoss`	$201.97M	USD	1 Quarter
Net income	`ProfitLoss`	$257.46M	USD	2 Qtrs
Net income	`ProfitLoss`	$69.15M	USD	1 Quarter
Depreciation, accretion, and amortization	`DepreciationAmortizationAndAccretionNet`	$364.24M	USD	2 Qtrs
Depreciation, accretion, and amortization	`DepreciationAmortizationAndAccretionNet`	$181.82M	USD	1 Quarter
Depreciation, accretion, and amortization	`DepreciationAmortizationAndAccretionNet`	$176.39M	USD	1 Quarter
Depreciation, accretion, and amortization	`DepreciationAmortizationAndAccretionNet`	$350.72M	USD	2 Qtrs
Gain on remeasurement of U.S. denominated intercompany loans	`ForeignCurrencyTransactionGainLossBeforeTax`	$45.93M	USD	2 Qtrs
Gain on remeasurement of U.S. denominated intercompany loans	`ForeignCurrencyTransactionGainLossBeforeTax`	$85.27M	USD	2 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$48.65M	USD	2 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$44.46M	USD	2 Qtrs
Non-cash asset impairment and decommission costs	`NoncashAssetImpairmentAndDecommissionCosts`	$51.78M	USD	2 Qtrs
Non-cash asset impairment and decommission costs	`NoncashAssetImpairmentAndDecommissionCosts`	$16.97M	USD	2 Qtrs
Deferred and non-cash income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-258.00K	USD	2 Qtrs
Deferred and non-cash income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$23.01M	USD	2 Qtrs
Other non-cash items reflected in the Statements of Operations	`OtherNoncashIncomeExpense`	$-44.09M	USD	2 Qtrs
Other non-cash items reflected in the Statements of Operations	`OtherNoncashIncomeExpense`	$-35.96M	USD	2 Qtrs
Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-49.57M	USD	2 Qtrs
Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net	`IncreaseDecreaseInAccountsAndOtherReceivables`	$8.08M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.80M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$17.99M	USD	2 Qtrs
Operating lease right-of-use assets, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$69.18M	USD	2 Qtrs
Operating lease right-of-use assets, net	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$75.23M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-24.50M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.06M	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-1.07M	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-1.75M	USD	2 Qtrs
Long-term lease liabilities	`IncreaseDecreaseInLongTermLeaseLiability`	$-68.97M	USD	2 Qtrs
Long-term lease liabilities	`IncreaseDecreaseInLongTermLeaseLiability`	$-62.99M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$62.14M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.23M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$798.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$664.60M	USD	2 Qtrs
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$353.58M	USD	2 Qtrs
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$138.40M	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$39.74M	USD	2 Qtrs
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$19.81M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$90.97M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$112.58M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$627.31M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$281.62M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$242.62M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$606.80M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$85.52M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.14M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-258.35M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-485.69M	USD	2 Qtrs
Borrowings under Revolving Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$330.00M	USD	2 Qtrs
Borrowings under Revolving Credit Facility	`ProceedsFromLongTermLinesOfCredit`	$140.00M	USD	2 Qtrs
Repayments under Revolving Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$150.00M	USD	2 Qtrs
Repayments under Revolving Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$410.00M	USD	2 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$431.67M	USD	2 Qtrs
Payment of dividends on common stock	`PaymentsOfDividends`	$153.44M	USD	2 Qtrs
Payment of dividends on common stock	`PaymentsOfDividends`	$186.07M	USD	2 Qtrs
Proceeds from employee stock purchase/stock option plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$20.24M	USD	2 Qtrs
Proceeds from employee stock purchase/stock option plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$19.31M	USD	2 Qtrs
Payments related to taxes on stock options and restricted stock units	`PaymentStockOptionNetShareSettlements`	$9.62M	USD	2 Qtrs
Payments related to taxes on stock options and restricted stock units	`PaymentStockOptionNetShareSettlements`	$27.38M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$18.48M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-10.75M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-474.89M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-376.00M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.45M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.36M	USD	2 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-184.65M	USD	2 Qtrs
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$66.23M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$255.51M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.28M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$435.63M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.98M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$255.51M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.28M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$435.63M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.98M	USD	Point-in-time
Interest	`InterestPaidNet`	$167.80M	USD	2 Qtrs
Interest	`InterestPaidNet`	$201.42M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$14.06M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$16.16M	USD	2 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$18.57M	USD	2 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$115.09M	USD	2 Qtrs
Operating lease modifications and reassessments	`OperatingLeaseModificationsAndReassessments`	$23.62M	USD	2 Qtrs
Operating lease modifications and reassessments	`OperatingLeaseModificationsAndReassessments`	$13.56M	USD	2 Qtrs
Right-of-use assets obtained in exchange for new finance lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$2.39M	USD	2 Qtrs
Right-of-use assets obtained in exchange for new finance lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$1.03M	USD	2 Qtrs

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
BALANCE	`StockholdersEquity`	$-5.43B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.27B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.44B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.09B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.28B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.28B	USD	Point-in-time
BALANCE, Shares	`CommonStockSharesOutstanding`	108.00M	shares	Point-in-time
BALANCE, Shares	`CommonStockSharesOutstanding`	108.38M	shares	Point-in-time
Net income attributable to SBA Communications Corporation	`NetIncomeLoss`	$304.87M	USD	2 Qtrs
Net income attributable to SBA Communications Corporation	`NetIncomeLoss`	$258.14M	USD	2 Qtrs
Net income attributable to SBA Communications Corporation	`NetIncomeLoss`	$203.65M	USD	1 Quarter
Net income attributable to SBA Communications Corporation	`NetIncomeLoss`	$69.52M	USD	1 Quarter
Common stock issued in connection with equity awards and stock purchase plans, offset by the impact of net share settlements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$10.58M	USD	2 Qtrs
Common stock issued in connection with equity awards and stock purchase plans, offset by the impact of net share settlements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-8.07M	USD	2 Qtrs
Common stock issued in connection with equity awards and stock purchase plans, offset by the impact of net share settlements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.65M	USD	1 Quarter
Common stock issued in connection with equity awards and stock purchase plans, offset by the impact of net share settlements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$9.01M	USD	1 Quarter
Non-cash stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$24.41M	USD	1 Quarter
Non-cash stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$49.55M	USD	2 Qtrs
Non-cash stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$45.33M	USD	2 Qtrs
Non-cash stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$18.62M	USD	1 Quarter
Adjustments related to interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-7.07M	USD	2 Qtrs
Adjustments related to interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$15.32M	USD	1 Quarter
Adjustments related to interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$109.16M	USD	2 Qtrs
Adjustments related to interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$23.83M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$431.67M	USD	2 Qtrs
Foreign currency translation adjustments attributable to SBA Communications Corporation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$25.48M	USD	1 Quarter
Foreign currency translation adjustments attributable to SBA Communications Corporation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-58.94M	USD	1 Quarter
Foreign currency translation adjustments attributable to SBA Communications Corporation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$26.68M	USD	2 Qtrs
Foreign currency translation adjustments attributable to SBA Communications Corporation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$42.01M	USD	2 Qtrs
Dividends and dividend equivalents on common stock	`Dividends`	$77.00M	USD	1 Quarter
Dividends and dividend equivalents on common stock	`Dividends`	$92.57M	USD	1 Quarter
Dividends and dividend equivalents on common stock	`Dividends`	$185.64M	USD	2 Qtrs
Dividends and dividend equivalents on common stock	`Dividends`	$154.13M	USD	2 Qtrs
Adjustment to redemption amount related to noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalOther`	$-4.29M	USD	1 Quarter
Adjustment to redemption amount related to noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalOther`	$-23.51M	USD	2 Qtrs
Adjustment to redemption amount related to noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalOther`	$-322.00K	USD	1 Quarter
Adjustment to redemption amount related to noncontrolling interests	`AdjustmentsToAdditionalPaidInCapitalOther`	$-7.43M	USD	2 Qtrs
BALANCE	`StockholdersEquity`	$-5.43B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.27B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.44B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.09B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.28B	USD	Point-in-time
BALANCE	`StockholdersEquity`	$-5.28B	USD	Point-in-time
BALANCE, Shares	`CommonStockSharesOutstanding`	108.00M	shares	Point-in-time
BALANCE, Shares	`CommonStockSharesOutstanding`	108.38M	shares	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$302.52M	USD	2 Qtrs
Net income	`ProfitLoss`	$201.97M	USD	1 Quarter
Net income	`ProfitLoss`	$257.46M	USD	2 Qtrs
Net income	`ProfitLoss`	$69.15M	USD	1 Quarter
Adjustments related to interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-7.07M	USD	2 Qtrs
Adjustments related to interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$15.32M	USD	1 Quarter
Adjustments related to interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$109.16M	USD	2 Qtrs
Adjustments related to interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$23.83M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$41.55M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$26.48M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$25.03M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-59.02M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$393.10M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$33.96M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$242.31M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$337.01M	USD	2 Qtrs
Comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-444.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-878.00K	USD	2 Qtrs
Comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.80M	USD	2 Qtrs
Comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.13M	USD	1 Quarter
Comprehensive income attributable to SBA Communications Corporation	`ComprehensiveIncomeNetOfTax`	$393.98M	USD	2 Qtrs
Comprehensive income attributable to SBA Communications Corporation	`ComprehensiveIncomeNetOfTax`	$339.81M	USD	2 Qtrs
Comprehensive income attributable to SBA Communications Corporation	`ComprehensiveIncomeNetOfTax`	$34.41M	USD	1 Quarter
Comprehensive income attributable to SBA Communications Corporation	`ComprehensiveIncomeNetOfTax`	$244.45M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.