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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35,49135,89539,53532,84945,91850,707
Cash and cash equivalents35,49135,89539,53532,84945,91850,707
Receivables55,29947,48856,68446,69745,62942,112
Prepaid expense8,6695,3455,0789,9696,3313,831
Other current assets4,9323,3814,3643,9033,9842,865
Total current assets:104,39192,108105,66193,418101,86299,515
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization300303307310313317
Operating lease, right-of-use asset37,39836,62438,47939,54036,97134,398
Property, plant and equipment53,44354,60655,80755,71252,65849,425
Intangible assets, net (including goodwill)498,210508,493508,735548,409549,117557,188
Goodwill13,26513,26513,26523,66222,74028,597
Intangible assets, net (excluding goodwill)484,945495,228495,470524,747526,377528,592
Regulated entity, other noncurrent assets      
Other noncurrent assets4,6845,9945,9557,5947,6895,789
Other undisclosed noncurrent assets      
Total noncurrent assets:594,035606,020609,283651,565646,748647,118
TOTAL ASSETS:698,426698,128714,943744,983748,610746,633
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,07115,63219,34512,8179,6377,356
Accounts payable20,07115,63219,34512,8179,6377,356
Deferred revenue6,6364,890 5,6935,1123,093
Debt     2,000 
Other liabilities32,33127,25029,18426,51030,84322,787
Other undisclosed current liabilities1,6813,2508,1662,4122,2734,574
Total current liabilities:60,71951,02256,69547,43349,86537,810
Noncurrent Liabilities
Long-term debt and lease obligation283,249285,839285,472323,812324,277323,199
Long-term debt, excluding current maturities283,249285,839285,472285,105287,641294,170
Liabilities, other than long-term debt130,936141,166149,288127,454128,931126,082
Deferred income tax liabilities94,92595,90598,069111,464112,930109,832
Due to related parties788693101348
Other liabilities  9,64513,64715,89715,89915,902
Operating lease, liability36,01135,53937,48638,70736,63629,029
Other undisclosed noncurrent liabilities13,712     
Total noncurrent liabilities:427,898427,005434,760451,266453,207449,282
Total liabilities:488,617478,027491,455498,699503,073487,092
Equity
Equity, attributable to parent, including:209,809220,101223,489246,284245,537259,541
Treasury stock, value(29,223)(29,181)(29,155)(29,129)(29,127)(29,051)
Additional paid in capital152,304152,122151,948151,766151,502151,124
Accumulated other comprehensive income (loss)499499499(1,059)(1,046)(1,046)
Retained earnings86,19696,626100,163124,673124,175138,482
Other undisclosed equity, attributable to parent343433333333
Total equity:209,809220,101223,489246,284245,537259,541
TOTAL LIABILITIES AND EQUITY:698,426698,128714,943744,983748,610746,633

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues63,46257,77972,02763,82364,81055,720
Gross profit:63,46257,77972,02763,82364,81055,720
Operating expenses(67,970)(57,366)(103,701)(59,101)(69,264)(58,437)
Operating income (loss):(4,508)413(31,674)4,723(4,454)(2,717)
Nonoperating income
(Other Nonoperating income)
37541251,1661901
Interest and debt expense(6,724)(6,594)(6,620)(6,622)(6,823)(6,849)
Loss from continuing operations before income taxes:(11,196)(5,640)(38,269)(733)(11,087)(9,565)
Income tax expense (benefit)8222,16413,9131,253(3,554)5,849
Income (loss) from continuing operations:(10,374)(3,476)(24,356)520(14,641)(3,716)
Income (loss) before gain (loss) on sale of properties:520(14,641)(3,716)
Other undisclosed net income (loss)   (141)(22)187(23)
Net income (loss):(10,374)(3,476)(24,498)498(14,455)(3,739)
Other undisclosed net loss attributable to parent(57)(60)(12)   
Net income (loss) available to common stockholders, diluted:(10,431)(3,537)(24,510)498(14,455)(3,739)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(10,374)(3,476)(24,498)498(14,455)(3,739)
Other undisclosed comprehensive loss   (542)   
Comprehensive income (loss):(10,374)(3,476)(25,040)498(14,455)(3,739)
Other undisclosed comprehensive income, net of tax, attributable to parent   2,076   
Comprehensive income (loss), net of tax, attributable to parent:(10,374)(3,476)(22,964)498(14,455)(3,739)

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.

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