SBA Communications Corp.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $-140.9M | $-67.2M |
| Depreciation & Amortization | $258.5M | $211.4M |
| Depreciation | $150.6M | — |
| Amortization | $107.6M | — |
| Stock-Based Compensation | — | — |
| Net Cash from Operating Activities | $222.6M | $173.7M |
| Investing Activities | ||
| Capital Expenditures | $46.7M | $36.2M |
| Business Acquisitions | $180.8M | $584.5M |
| Net Cash from Investing Activities | $-229.1M | $-580.5M |
| Financing Activities | ||
| Dividends Paid | — | — |
| Stock Repurchases | $51.7M | $120.0M |
| Net Cash from Financing Activities | $89.0M | $415.4M |
| Net Change in Cash | $82.5M | $8.6M |
| Free Cash Flow | $175.8M | $137.5M |