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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Site leasing $ 559,432 $ 505,103
Site development 60,338 43,636
Total revenues 619,770 548,739
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):    
Cost of site leasing 107,155 95,368
Cost of site development 45,773 34,406
Selling, general, and administrative expenses [1] 62,124 51,601
Acquisition and new business initiatives related adjustments and expenses 5,104 5,001
Asset impairment and decommission costs 8,512 4,903
Depreciation, accretion, and amortization 174,323 183,881
Total operating expenses 402,991 375,160
Operating income 216,779 173,579
Other income (expense):    
Interest income 2,502 632
Interest expense (82,252) (90,095)
Non-cash interest expense (11,526) (11,804)
Amortization of deferred financing fees (4,881) (4,891)
Loss from extinguishment of debt, net   (11,652)
Other income (expense), net 108,161 (88,436)
Total other income (expense), net 12,004 (206,246)
Income (loss) before income taxes 228,783 (32,667)
(Provision) benefit for income taxes (40,477) 20,922
Net income (loss) 188,306 (11,745)
Net loss attributable to noncontrolling interests 317  
Net income (loss) attributable to SBA Communications Corporation $ 188,623 $ (11,745)
Net income (loss) per common share attributable to SBA Communications Corporation:    
Basic $ 1.75 $ (0.11)
Diluted $ 1.72 $ (0.11)
Weighted average number of common shares    
Basic 108,086 109,469
Diluted 109,544 109,469
[1] Includes non-cash compensation expense of $24,116 and $19,584 for the three months ended March 31, 2022 and 2021, respectively.