SBA Communications Corporation — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Cash Flow
Cash Flow by Activity
Operating Cash Flow↓-2.0% -$6M
$304M
Free Cash Flow↓-5.2% -$13M
$241M
Investing Cash Flow↑+379.3% +$324M
$238M
Financing Cash Flow↓-569.8% -$1.09B
$-1.28B
Capex↑+12.9% +$7M
$63M
Acquisitions↑+1156.0% +$363M
$394M
Stock Buybacks
$216M
Dividends Paid↑+12.2% +$13M
$118M
Stock-Based Comp↑+7.0% +$1M
$19M
Debt Issued
—
Debt Repaid
—
D&A↑+37.9% +$10M
$37M
SBC Allocated Expense↑+2.1% +$1M
$65M