SBAC · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 42 · Surprise 14 · Matches filing data

Cash provided by operating activities was $662.3 million for the six months ended June 30, 2026, down from $669.3 million in the prior-year period. Cash, cash equivalents, and restricted cash ended the period at $360.8 million, up from $300.5 million at June 30, 2025, despite $436.3 million of financing cash outflows. Investing activities used $310.5 million, including $1.252 billion of investment purchases and $1.227 billion of investment-sale proceeds. SBA expects to fund 2026 capital expenditures from cash on hand, operating cash flow, Revolving Credit Facility borrowings, or new financings.

Key facts

• Net proceeds from this offering were used to repay the aggregate principal amount outstanding on the Revolving Credit Facility ($1.0 billion), the 2024 Term Loan ($2.2 billion), and for general corporate purposes. source
• Concurrently with the issuance of the 2026 Senior Notes, we terminated our existing Senior Credit Agreement and entered into a new Senior Credit Agreement providing for an expanded $2.5 billion senior unsecured revolving credit facility (2026 Revolving Credit Facility). source
• The 2026 Revolving Credit Facility has a maturity date of July 23, 2031. source
• Cash provided by operating activities was $662,263 (thousands) for the six months ended June 30, 2026. source
• Net cash used in investing activities was $(310,492) (thousands) for the six months ended June 30, 2026. source
• Net cash used in financing activities was $(436,344) (thousands) for the six months ended June 30, 2026. source
• As of the date of this filing, there were no amounts outstanding under the 2026 Revolving Credit Facility. source
• Cash, cash equivalents, and restricted cash at the end of period was $360,759 (thousands) as of June 30, 2026. source

Impact estimates