SBA Communications Corporation — Cash Flow Charts
2 years 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
$1.29B
Free Cash Flow
$1.07B
Investing Cash Flow
$-602M
Financing Cash Flow
$-1.66B
Capex
$225M
Acquisitions
$1.06B
Stock Buybacks
$498M
Dividends Paid
$479M
Stock-Based Comp
$76M
Debt Issued
—
Debt Repaid
—
D&A
$132M
SBC Allocated Expense
$76M