Beasley Broadcast Group Inc. (BBGI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3033 RIVIERA DRIVE NAPLES, FL 34103 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4832 - Radio Broadcasting Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 26,734 | 39,535 | 51,379 | 20,759 | 18,648 | 13,434 | |||
| Cash and cash equivalents | 26,734 | 39,535 | 51,379 | 20,759 | 18,648 | 13,434 | |||
| Receivables | 53,424 | 56,684 | 53,378 | 47,395 | 54,577 | 52,417 | |||
| Prepaid expense | 4,339 | 5,078 | 4,044 | 2,487 | 3,517 | 3,135 | |||
| Other current assets | 2,150 | 4,364 | 3,397 | 6,884 | 2,916 | 1,960 | |||
| Total current assets: | 86,647 | 105,661 | 112,199 | 77,525 | 79,658 | 70,946 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 307 | 320 | 333 | 347 | ✕ | ||||
| Operating lease, right-of-use asset | 34,767 | 38,479 | 34,155 | 34,420 | 39,769 | ✕ | |||
| Property, plant and equipment | 51,475 | 55,807 | 49,843 | 53,668 | 53,814 | 57,754 | |||
| Intangible assets, net (including goodwill) | 396,651 | 508,735 | 559,708 | 563,014 | 575,459 | 544,936 | |||
| Goodwill | 922 | 13,265 | 28,597 | 28,597 | 28,597 | 25,377 | |||
| Intangible assets, net (excluding goodwill) | 395,729 | 495,470 | 531,111 | 534,418 | 546,862 | 519,559 | |||
| Other noncurrent assets | 4,728 | 5,955 | 5,864 | 9,654 | 11,014 | 7,449 | |||
| Total noncurrent assets: | 487,621 | 609,283 | 649,890 | 661,089 | 680,402 | 610,139 | |||
| TOTAL ASSETS: | 574,268 | 714,943 | 762,088 | 738,614 | 760,060 | 681,085 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 14,299 | 19,345 | 6,995 | 12,395 | 10,323 | 9,611 | |||
| Accounts payable | 14,299 | 19,345 | 6,995 | 12,395 | 10,323 | 9,611 | |||
| Deferred revenue | ✕ | ||||||||
| Debt | 2 | 70 | 14,805 | 67 | |||||
| Other liabilities | 25,914 | 29,184 | 29,811 | 20,988 | 28,064 | 19,181 | |||
| Other undisclosed current liabilities | 8,083 | 8,166 | 7,694 | 7,006 | |||||
| Total current liabilities: | 48,296 | 56,695 | 44,502 | 40,460 | 53,192 | 28,859 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 264,203 | 285,472 | 322,537 | 287,980 | 283,625 | ||||
| Long-term debt, excluding current maturities | 264,203 | 285,472 | 293,790 | 258,345 | 248,712 | ||||
| Finance lease, liability | 2 | 75 | ✕ | ||||||
| Liabilities, other than long-term debt | 105,335 | 149,288 | 131,966 | 143,072 | 17,640 | 133,915 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 122,913 | ||
| Deferred income tax liabilities | 71,895 | 98,069 | 115,689 | 120,914 | ✕ | ||||
| Due to related parties | ✕ | ✕ | 86 | 372 | 5,621 | 566 | 662 | ||
| Other liabilities | 13,647 | 15,905 | 16,537 | 17,074 | 10,340 | ||||
| Operating lease, liability | 33,440 | 37,486 | 28,747 | 29,633 | 34,838 | ✕ | |||
| Other undisclosed noncurrent liabilities | 7,455 | 121,131 | 243,276 | ||||||
| Total noncurrent liabilities: | 376,993 | 434,760 | 454,504 | 431,052 | 422,396 | 377,192 | |||
| Total liabilities: | 425,289 | 491,455 | 499,006 | 471,513 | 475,588 | 406,051 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 148,979 | 223,489 | 263,082 | 267,727 | 284,539 | 275,034 | |||
| Treasury stock, value | (29,239) | (29,155) | (29,021) | (28,188) | (30,662) | (30,448) | |||
| Additional paid in capital | 152,794 | 151,948 | 150,897 | 154,005 | 153,255 | 149,963 | |||
| Accumulated other comprehensive income (loss) | 346 | 499 | (1,046) | (1,427) | (436) | 88 | |||
| Retained earnings | 25,043 | 100,163 | 142,220 | 143,304 | 162,350 | 155,399 | |||
| Other undisclosed equity, attributable to parent | 34 | 33 | 33 | 33 | 32 | 32 | |||
| Equity, attributable to noncontrolling interest | (625) | (67) | |||||||
| Total equity: | 148,979 | 223,489 | 263,082 | 267,102 | 284,472 | 275,034 | |||
| TOTAL LIABILITIES AND EQUITY: | 574,268 | 714,943 | 762,088 | 738,614 | 760,060 | 681,085 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 247,109 | 256,381 | 241,426 | 206,144 | 261,554 | 257,495 | ||
| Gross profit: | 247,109 | 256,381 | 241,426 | 206,144 | 261,554 | 257,495 | ||
| Operating expenses | (329,100) | (290,682) | (226,766) | (210,438) | (223,436) | (223,171) | ||
| Operating income (loss): | (81,991) | (34,301) | 14,660 | (4,294) | 38,118 | 34,323 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 1,532 | 1,382 | 68 | 88 | (246) | 141 | ||
| Interest and debt expense | (18,800) | (26,914) | (31,453) | (19,693) | (18,033) | (16,287) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (99,259) | (59,833) | (16,724) | (23,899) | 19,840 | 18,177 | ||
| Other undisclosed income from continuing operations before income taxes | 10,000 | |||||||
| Income (loss) from continuing operations before income taxes: | (99,259) | (59,833) | (6,724) | (23,899) | 19,840 | 18,177 | ||
| Income tax expense (benefit) | 24,287 | 17,787 | 5,322 | 5,186 | (6,598) | (11,696) | ||
| Income (loss) from continuing operations: | (74,972) | (42,045) | (1,403) | (18,713) | 13,242 | 6,481 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (1,403) | (18,713) | 13,242 | 6,481 | |
| Net income (loss): | (74,972) | (42,045) | (1,403) | (18,713) | 13,242 | 6,481 | ||
| Net income attributable to noncontrolling interest | 67 | |||||||
| Other undisclosed net income (loss) attributable to parent | (149) | (12) | (132) | (161) | 75 | |||
| Net income (loss) available to common stockholders, diluted: | (75,120) | (42,057) | (1,535) | (18,874) | 13,384 | 6,481 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (74,972) | (42,045) | (1,403) | (18,713) | 13,242 | 6,481 | ||
| Other comprehensive loss | (52) | (542) | (140) | (356) | (189) | (404) | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | (75,024) | (42,588) | (1,543) | (19,069) | 13,053 | 6,077 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 67 | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (249) | 2,076 | 517 | 313 | (194) | 71 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (75,273) | (40,512) | (1,026) | (18,756) | 12,926 | 6,148 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.