| Quarterly Financial Data |
| 23. |
QUARTERLY FINANCIAL DATA (unaudited) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Quarter Ended |
|
| |
|
December 31, |
|
|
September 30, |
|
|
June 30, |
|
|
March 31, |
|
| |
|
2011 |
|
|
2011 |
|
|
2011 |
|
|
2011 |
|
| |
|
(in thousands, except per share amounts) |
|
|
Revenues |
|
$ |
183,819 |
|
|
$ |
175,549 |
|
|
$ |
171,053 |
|
|
$ |
167,749 |
|
|
Depreciation, accretion and amortization |
|
$ |
(79,441 |
) |
|
$ |
(78,136 |
) |
|
$ |
(76,691 |
) |
|
$ |
(74,878 |
) |
|
Operating income |
|
$ |
31,980 |
|
|
$ |
27,571 |
|
|
$ |
27,209 |
|
|
$ |
23,899 |
|
|
Loss from extinguishment of debt, net |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(1,696 |
) |
|
Net loss attributable to SBA Communications Corporation |
|
$ |
(29,081 |
) |
|
$ |
(33,305 |
) |
|
$ |
(29,819 |
) |
|
$ |
(34,251 |
) |
| |
|
|
|
|
|
Net loss per share – basic and diluted |
|
$ |
(0.27 |
) |
|
$ |
(0.30 |
) |
|
$ |
(0.27 |
) |
|
$ |
(0.30 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Quarter Ended |
|
| |
|
December 31,
2010 |
|
|
September 30,
2010 |
|
|
June 30,
2010 |
|
|
March 31,
2010 |
|
| |
|
(in thousands, except per share amounts) |
|
|
Revenues |
|
$ |
165,497 |
|
|
$ |
158,642 |
|
|
$ |
154,515 |
|
|
$ |
147,965 |
|
|
Depreciation, accretion and amortization |
|
$ |
(72,723 |
) |
|
$ |
(69,727 |
) |
|
$ |
(68,831 |
) |
|
$ |
(67,446 |
) |
|
Operating income |
|
$ |
16,695 |
|
|
$ |
20,668 |
|
|
$ |
20,024 |
|
|
$ |
16,886 |
|
|
Loss from extinguishment of debt, net |
|
$ |
(6 |
) |
|
$ |
(10 |
) |
|
$ |
(48,932 |
) |
|
$ |
(112 |
) |
|
Net loss attributable to SBA Communications Corporation |
|
$ |
(39,161 |
) |
|
$ |
(34,488 |
) |
|
$ |
(83,699 |
) |
|
$ |
(37,326 |
) |
| |
|
|
|
|
|
Net loss per share – basic and diluted |
|
$ |
(0.34 |
) |
|
$ |
(0.30 |
) |
|
$ |
(0.72 |
) |
|
$ |
(0.32 |
) |
Basic and diluted net loss per share is computed by dividing net income by the weighted average number of shares for the period. Potentially dilutive shares have been excluded from the computation of diluted loss per share as their impact would have been anti-dilutive.
Because loss per share amounts are calculated using the weighted average number of common and dilutive common shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total loss per share amounts for the year. |