SBACSBA Communications Corporation

$21B

Q1 2021 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$549M+6.1% YoY

Gross Profit

$414M75.4% margin

Operating Income

$174M31.6% margin

Net Income

-$12M-2.1% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

$285M

Free Cash Flow

$261M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$9.8B

Total Liabilities

$14.8B

Stockholders' Equity

-$5.0B

Cash & Equivalents

$177M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$549M	$517M	+6.1%
Gross Profit	$414M	$398M	+4.1%
Operating Income	$174M	$151M	+14.8%
Net Income	-$12M	-$127M	+90.8%

Revenue Segments

Domestic Site Leasing Revenue

$404M74%

International Site Leasing Revenue

$102M19%

Site Development Construction

$44M8%

SBAC Q1 2021 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena