SBA Communications (SBAC) FY2015 results: revenue $1.6 billion, up 7.3% on the year
SBA Communications Corp. (SBAC) reported revenue of $1.6 billion for fiscal 2015, the year ended 31 December 2015, up 7.3% on the year before. Net income was -$176 million, and diluted earnings per share $-1.37. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$1.6 billion
+7.3% on the year
FY2008FY2015
Operating margin
19.1%
22.0% a year earlier
FY2008FY2015
Net income
-$176 million
FY2008FY2015
Diluted EPS
-$1.37
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,638
1,527
1,305
+7.3%
Cost of revenue
444
428
408
+3.7%
Gross profit
1,194
1,099
897
+8.7%
Gross margin
72.9%
71.9%
68.7%
Selling, general and administrative
115
103
85.5
+11.3%
Operating income
312
337
230
-7.2%
Operating margin
19.1%
22.0%
17.6%
Pre-tax income
-167
-15.7
-57.2
Income tax
9.1
8.6
-1.3
+4.9%
Net income
-176
-24.3
-55.9
Net margin
-10.7%
-1.6%
-4.3%
Diluted EPS
-$1.37
-$0.19
-$0.44
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
723
674
498
+7.2%
Capital expenditure
209
211
169
-1.2%
Free cash flow
514
463
329
+11.1%
Free cash flow margin
31.4%
30.3%
25.2%
Cash from investing
-737
n/a
-827
Cash from financing
75.8
n/a
220
Depreciation and amortisation
660
627
533
+5.3%
Share-based compensation
28.7
22.7
17.2
+26.8%
Buybacks
450
n/a
n/a
Diluted shares, weighted
128m
129m
n/a
-0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-1,706
-661
357
Debt
8,452
7,861
5,877
+7.5%
Other liabilities
567
641
550
-11.6%
Total liabilities and equity
7,313
7,841
6,783
-6.7%
Fixed assets
2,782
2,762
2,578
+0.7%
Intangible assets
3,735
4,190
3,387
-10.8%
Investments
8.8
49.6
58.2
-82.2%
Cash and equivalents
118
39.4
122
+199.3%
Receivables
83.3
104
71.3
-20.1%
Other assets
585
696
566
-15.9%
Total assets
7,313
7,841
6,783
-6.7%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.