SBACSBA Communications Corporation

$21B

Q3 2022 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$676M+14.6% YoY

Gross Profit

$491M72.7% margin

Operating Income

$243M36.0% margin

Net Income

$100M14.8% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

+3.6%

Cash Flow

Operating Cash Flow

$332M

Free Cash Flow

$275M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$9.9B

Total Liabilities

$15.3B

Stockholders' Equity

-$5.4B

Cash & Equivalents

$201M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$676M	$589M	+14.6%
Gross Profit	$491M	$444M	+10.7%
Operating Income	$243M	$212M	+14.7%
Net Income	$100M	$48M	+109.2%

Revenue Segments

Domestic Site Leasing Revenue

$450M67%

International Site Leasing Revenue

$138M20%

Site Development Construction

$88M13%

SBAC Q3 2022 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena