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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Site leasing $ 628,276 $ 617,268
Site development 29,586 58,248
Total revenues 657,862 675,516
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):    
Cost of site leasing 114,813 120,119
Cost of site development 23,178 44,185
Selling, general, and administrative expenses [1] 68,698 72,209
Acquisition and new business initiatives related adjustments and expenses 7,417 6,057
Asset impairment and decommission costs 43,648 26,390
Depreciation, accretion, and amortization 76,750 182,415
Total operating expenses 334,504 451,375
Operating income 323,358 224,141
Other income (expense):    
Interest income 7,314 2,816
Interest expense (96,390) (101,226)
Non-cash interest expense (8,443) (14,239)
Amortization of deferred financing fees (5,289) (4,988)
Loss from extinguishment of debt, net (4,428)  
Other (expense) income, net (44,652) 37,558
Total other expense, net (151,888) (80,079)
Income before income taxes 171,470 144,062
Provision for income taxes (16,927) (43,508)
Net income 154,543 100,554
Net loss attributable to noncontrolling interests   663
Net income attributable to SBA Communications Corporation $ 154,543 $ 101,217
Net income per common share attributable to SBA Communications Corporation:    
Basic $ 1.43 $ 0.94
Diluted $ 1.42 $ 0.93
Weighted-average number of common shares    
Basic 108,102 108,132
Diluted 108,616 109,271
[1] Includes non-cash compensation of $20,773 and $25,529 for the three months ended March 31, 2024 and 2023, respectively.