SBA Communications Corp.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | $1.73B | $1.63B | $1.64B | $1.53B | $1.30B | $954.3M | $720.9M |
| Site Leasing | $1.76B | $1.63B | $1.56B | $1.53B | $1.40B | $1.19B | $874.0M | $659.2M |
| Site Development | $108.8M | $94.2M | $77.0M | $108.6M | $125.5M | $109.9M | $80.3M | $61.7M |
| Cost of Revenue | $468.8M | $446.3M | $420.9M | $444.4M | $428.5M | $408.3M | $187.0K | $187.0K |
| Gross Profit | $1.40B | $1.28B | $1.21B | $1.19B | $1.10B | $896.6M | $674.6M | $720.7M |
| Gross Margin | 74.8% | 74.1% | 74.2% | 72.9% | 71.9% | 69.0% | 70.7% | 100.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $142.5M | $130.7M | $143.3M | $115.0M | $103.3M | $85.5M | $72.1M | $62.8M |
| Operating Income | $544.2M | $458.5M | $387.3M | $312.5M | $336.5M | $229.6M | $147.1M | $110.7M |
| Operating Margin | 29.2% | 26.5% | 23.7% | 19.1% | 22.0% | 17.7% | 15.4% | 15.3% |
| Interest Expense | — | — | — | — | — | — | $196.2M | $160.9M |
| Pretax Income | $51.7M | $116.9M | $87.3M | $-166.6M | $-15.7M | $-57.2M | $-177.1M | $-124.8M |
| Income Tax Expense | $4.2M | $13.2M | $11.1M | $9.1M | $8.6M | $-1.3M | $6.6M | $2.1M |
| Net Income | $47.5M | $103.7M | $76.2M | $-175.7M | $-24.3M | $-55.9M | $-181.0M | $-126.5M |
| Net Margin | 2.5% | 6.0% | 4.7% | -10.7% | -1.6% | -4.3% | -19.0% | -17.5% |
| EPS (Basic) | $0.41 | $0.86 | $0.61 | $-1.37 | $-0.19 | $-0.44 | $-1.51 | $-1.14 |
| EPS (Diluted) | $0.41 | $0.86 | $0.61 | $-1.37 | $-0.19 | $-0.44 | $-1.51 | $-1.14 |
| Shares Outstanding (Basic) | 114.9M | 119.9M | 124.4M | 127.8M | 128.9M | 127.0M | 109.7M | 109.7M |
| Shares Outstanding (Diluted) | 116.5M | 121.0M | 125.1M | 127.8M | 128.9M | 127.0M | 109.7M | 109.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |