SBA Communications Corp.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $103.7M | $76.2M | $-175.7M | $-24.3M | $-55.9M | $-181.0M | $-126.5M | $-194.7M |
| Depreciation & Amortization | $643.1M | $638.2M | $660.0M | $627.1M | $533.3M | $408.5M | $309.1M | $278.7M |
| Depreciation | $258.4M | $268.1M | $296.5M | $287.8M | $266.1M | $219.5M | $175.8M | $161.4M |
| Amortization | $384.1M | $369.9M | $363.1M | $338.4M | $266.6M | $188.7M | $133.1M | $117.0M |
| Stock-Based Compensation | $38.2M | $32.9M | $28.7M | $22.7M | $17.2M | $14.0M | $11.5M | — |
| Net Cash from Operating Activities | $818.5M | $742.5M | $723.0M | $674.3M | $497.6M | $340.9M | $249.1M | $201.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $147.0M | $140.0M | $208.7M | $211.3M | $168.9M | $113.3M | $126.9M | $66.6M |
| Business Acquisitions | $441.5M | $276.8M | $609.5M | $1.59B | $677.4M | $2.25B | $379.3M | $328.0M |
| Net Cash from Investing Activities | $-605.1M | $-428.2M | $-737.1M | — | $-826.5M | $-2.28B | $-507.9M | $-425.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $854.5M | $545.7M | $450.1M | — | — | — | $225.1M | $107.4M |
| Net Cash from Financing Activities | $-294.6M | $-288.6M | $75.8M | — | $220.2M | $2.12B | $242.0M | $126.8M |
| Net Change in Cash | $-81.7M | $39.4M | $48.7M | $-80.5M | $-111.0M | $185.8M | $-16.9M | $-97.1M |
| Free Cash Flow | $671.4M | $602.5M | $514.3M | $463.1M | $328.7M | $227.6M | $122.1M | $134.5M |