SBA COMMUNICATIONS CORP | 2013 | FY | 3


10.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Costs and estimated earnings on uncompleted contracts consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

As of

 

 

December 31, 2013

 

December 31, 2012

 

 

(in thousands)

Costs incurred on uncompleted contracts

 

$

94,145 

 

$

55,349 

Estimated earnings

 

 

32,547 

 

 

20,883 

Billings to date

 

 

(108,070)

 

 

(53,708)

 

 

$

18,622 

 

$

22,524 

 

These amounts are included in the accompanying Consolidated Balance Sheets under the following captions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

As of

 

 

December 31, 2013

 

December 31, 2012

 

 

(in thousands)

Costs and estimated earnings in excess of

 

 

 

 

 

 

    billings on uncompleted contracts

 

$

27,864 

 

$

23,644 

Other current liabilities (Billings in excess of costs and

 

 

 

 

 

 

    estimated earnings on uncompleted contracts)

 

 

(9,242)

 

 

(1,120)

 

 

$

18,622 

 

$

22,524 

 

At December 31, 2013,  eight significant customers comprised 89.6% of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings, while at December 31, 2012,  five significant customers comprised 86.5% of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings.


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