Sba Communications Corp Q4 FY2021 Earnings Call

Sba Communications Corp (SBAC)

Earnings Call FY2021 Q4 Call date: 2022-02-28 Concluded

Quarter scorecard

Revenue

$595.26M

+11.1% YoY

Diluted EPS

$0.44

-53.2% YoY

Gross margin (derived Q4)

76.5%

+0.4 pp YoY

Net income

$48.90M

-53.8% YoY

Buybacks (derived)

$298.24M

from the 8-K filed Feb 28, 2022

Metric	Period	Guided	Basis	Actual
Site leasing revenue Initiated Full Year 2022	Full Year 2022	$2.24B – $2.26B	—	—
Site development revenue Initiated Full Year 2022	Full Year 2022	$193M – $213M	—	—
Tower Cash Flow Initiated Full Year 2022	Full Year 2022	$1.78B – $1.8B	—	—
Total revenues Initiated Full Year 2022	Full Year 2022	$2.43B – $2.47B	—	$2.63B above
Adjusted EBITDA Initiated Full Year 2022	Full Year 2022	$1.67B – $1.69B	Non-GAAP	—
Non-discretionary cash capital expenditures Initiated Full Year 2022	Full Year 2022	$45M – $55M	—	—
AFFO Initiated Full Year 2022	Full Year 2022	$1.26B – $1.3B	Non-GAAP	—
Net cash interest expense Initiated Full Year 2022	Full Year 2022	$320M – $325M	—	—
AFFO per share Initiated Full Year 2022	Full Year 2022	$11.48 – $11.85	Non-GAAP	—
Discretionary cash capital expenditures Initiated Full Year 2022	Full Year 2022	$525M – $545M	—	—