SBACSBA Communications Corporation

$20B

Q2 2018 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$456M+6.8% YoY

Gross Profit

$339M74.2% margin

Operating Income

$126M27.6% margin

Net Income

-$57M-12.6% margin

EPS (Diluted)

$-0.50

QoQ Revenue Growth

-0.4%

Cash Flow

Operating Cash Flow

$248M

Free Cash Flow

$210M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$10.3B

Stockholders' Equity

-$3.0B

Cash & Equivalents

$135M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$456M	$427M	+6.8%
Gross Profit	$339M	$316M	+7.3%
Operating Income	$126M	$115M	+9.8%
Net Income	-$57M	$9M	-721.6%

Revenue Segments

Domestic Site Leasing Revenue

$347M76%

International Site Leasing Revenue

$83M18%

Site Development Construction

$26M6%

SBAC Q2 2018 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena