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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Site leasing $ 535,492 $ 486,765 $ 1,564,814 $ 1,461,523
Site development 53,813 36,175 148,882 85,708
Total revenues 589,305 522,940 1,713,696 1,547,231
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):        
Cost of site leasing 98,666 92,722 289,510 280,120
Cost of site development 41,357 28,797 116,172 68,417
Selling, general, and administrative expenses [1] 51,000 48,152 156,546 146,856
Acquisition and new business initiatives related adjustments and expenses 5,730 4,124 17,525 12,557
Asset impairment and decommission costs 9,860 8,506 18,560 29,103
Depreciation, accretion, and amortization 170,916 180,302 530,266 541,587
Total operating expenses 377,529 362,603 1,128,579 1,078,640
Operating income (loss) 211,776 160,337 585,117 468,591
Other income (expense):        
Interest income 945 756 2,124 2,340
Interest expense (89,199) (89,791) (269,839) (281,329)
Non-cash interest expense (11,820) (8,323) (35,436) (13,066)
Amortization of deferred financing fees (4,934) (4,883) (14,690) (15,211)
Loss from extinguishment of debt, net   (2,599) (13,672) (19,463)
Other expense, net (69,804) (42,262) (49,390) (300,144)
Total other expense, net (174,812) (147,102) (380,903) (626,873)
Income (loss) before income taxes 36,964 13,235 204,214 (158,282)
Benefit (provision) for income taxes 10,834 9,441 (15,494) 76,143
Net income (loss) 47,798 22,676 188,720 (82,139)
Net (income) loss attributable to noncontrolling interests   (108)   461
Net income (loss) attributable to SBA Communications Corporation $ 47,798 $ 22,568 $ 188,720 $ (81,678)
Net income (loss) per common share attributable to SBA Communications Corporation:        
Basic $ 0.44 $ 0.20 $ 1.72 $ (0.73)
Diluted $ 0.43 $ 0.20 $ 1.70 $ (0.73)
Weighted average number of common shares        
Basic 109,577 111,783 109,487 111,809
Diluted 111,565 113,703 111,329 111,809
[1] Includes non-cash compensation of $16,589 and $16,606 for the three months ended September 30, 2021 and 2020, respectively, and $57,249 and $50,291 for the nine months ended September 30, 2021 and 2020, respectively.