XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Site leasing $ 505,103 $ 492,356
Site development 43,636 24,711
Total revenues 548,739 517,067
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):    
Cost of site leasing 95,368 95,799
Cost of site development 34,406 19,715
Selling, general, and administrative expenses [1] 51,601 49,617
Acquisition and new business initiatives related adjustments and expenses 5,001 3,799
Asset impairment and decommission costs 4,903 14,355
Depreciation, accretion, and amortization 183,881 182,579
Total operating expenses 375,160 365,864
Operating income 173,579 151,203
Other income (expense):    
Interest income 632 885
Interest expense (90,095) (95,851)
Non-cash interest expense (11,804) (2,406)
Amortization of deferred financing fees (4,891) (5,139)
Loss from extinguishment of debt, net (11,652) (16,864)
Other expense, net (88,436) (226,299)
Total other expense, net (206,246) (345,674)
Loss before income taxes (32,667) (194,471)
Benefit for income taxes 20,922 66,538
Net loss (11,745) (127,933)
Net loss attributable to noncontrolling interests   875
Net loss attributable to SBA Communications Corporation $ (11,745) $ (127,058)
Net loss per common share attributable to SBA Communications Corporation:    
Basic $ (0.11) $ (1.14)
Diluted $ (0.11) $ (1.14)
Weighted average number of common shares    
Basic 109,469 111,908
Diluted 109,469 111,908
[1] Includes non-cash compensation of $19,584 and $15,553 for the three months ended March 31, 2021 and 2020, respectively.