Saga Communications, Inc. (SGA) financial statements (2021 and earlier)
Company profile
| Business Address |
73 KERCHEVAL AVE GROSSE POINTE FARMS, MI 48236 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 4832 - Radio Broadcasting Stations (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 51 | 44 | 45 | 53 | 27 | 22 | 18 | ||
| Cash and cash equivalents | 51 | 44 | 45 | 53 | 27 | 22 | 18 | ||
| Receivables | 16 | 19 | 20 | 19 | 22 | 21 | 21 | ||
| Deferred costs | 0 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| Disposal group, including discontinued operation | 1 | ||||||||
| Other undisclosed current assets | 4 | 4 | 3 | 4 | 5 | 5 | 4 | ||
| Total current assets: | 71 | 67 | 69 | 76 | 54 | 48 | 44 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 55 | 59 | 59 | 56 | 57 | 58 | 55 | ||
| Intangible assets, net (including goodwill) | 109 | 114 | 114 | 109 | 104 | 91 | 87 | ||
| Goodwill | 19 | 19 | 19 | 16 | 7 | 3 | 0 | ||
| Intangible assets, net (excluding goodwill) | 90 | 95 | 95 | 93 | 96 | 88 | 87 | ||
| Other noncurrent assets | 11 | 13 | 7 | 8 | 7 | 8 | 6 | ||
| Other undisclosed noncurrent assets | (0) | ||||||||
| Total noncurrent assets: | 176 | 186 | 180 | 173 | 167 | 157 | 148 | ||
| TOTAL ASSETS: | 246 | 252 | 248 | 249 | 221 | 205 | 192 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 13 | 16 | 17 | 20 | 14 | 13 | 12 | ||
| Accounts payable | 2 | 2 | 3 | 2 | 2 | 3 | 2 | ||
| Accrued liabilities | 5 | 5 | 3 | 3 | 3 | 3 | 3 | ||
| Employee-related liabilities | 6 | 7 | 8 | 8 | 8 | 7 | 7 | ||
| Interest and dividends payable | 2 | 3 | 7 | ||||||
| Deferred revenue | 1 | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 5 | 1 | |||||||
| Program rights obligations | 1 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 1 | 1 | 1 | 1 | ||
| Other undisclosed current liabilities | 1 | (1) | |||||||
| Total current liabilities: | 14 | 18 | 23 | 21 | 16 | 14 | 13 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 10 | 10 | 15 | 25 | 35 | 36 | 36 | ||
| Long-term debt, excluding current maturities | 10 | 10 | 15 | 25 | 35 | 36 | 36 | ||
| Liabilities, other than long-term debt | 32 | 33 | 25 | 23 | 35 | 31 | 28 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 24 | 21 | 31 | 28 | 24 | ||
| Deferred income tax liabilities | 25 | 25 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 7 | 7 | 2 | 2 | 3 | 3 | 3 | ||
| Program rights obligations | 1 | 1 | 1 | ||||||
| Total noncurrent liabilities: | 42 | 43 | 40 | 48 | 70 | 67 | 64 | ||
| Total liabilities: | 56 | 60 | 63 | 69 | 86 | 82 | 77 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 191 | 192 | 185 | 179 | 135 | 123 | 115 | ||
| Treasury stock, value | (37) | (37) | (37) | (35) | (33) | (33) | (29) | ||
| Additional paid in capital | 69 | 67 | 65 | 63 | 60 | 58 | 52 | ||
| Retained earnings | 159 | 163 | 157 | 152 | 109 | 98 | 91 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total stockholders' equity: | 191 | 192 | 185 | 179 | 135 | 123 | 115 | ||
| TOTAL LIABILITIES AND EQUITY: | 246 | 252 | 248 | 249 | 221 | 205 | 192 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 96 | 123 | 125 | 118 | 143 | 133 | 135 | |
| Revenue, net | ✕ | ✕ | ✕ | 118 | 143 | 133 | 134 | |
| Cost of revenue (Cost of Goods and Services Sold) | (94) | (88) | (102) | (97) | (98) | |||
| Gross profit: | 96 | 123 | 31 | 30 | 41 | 36 | 37 | |
| Operating expenses | (97) | (104) | (105) | (101) | (111) | (109) | (108) | |
| Other undisclosed operating income | 94 | 88 | 102 | 97 | 97 | |||
| Operating income (loss): | (1) | 19 | 20 | 17 | 31 | 24 | 26 | |
| Nonoperating income | 0 | 1 | 1 | 0 | 0 | |||
| Investment income, nonoperating | 0 | 1 | 1 | |||||
| Other nonoperating income | 0 | 0 | 0 | 0 | 0 | |||
| Interest and debt expense | (0) | (1) | (1) | (1) | (1) | (1) | (1) | |
| Income (loss) from continuing operations before income taxes: | (1) | 19 | 19 | 16 | 31 | 23 | 25 | |
| Income tax expense (benefit) | (1) | (5) | (6) | 6 | (13) | (10) | (10) | |
| Net income (loss): | (2) | 13 | 14 | 22 | 18 | 13 | 15 | |
| Other undisclosed net income attributable to parent | 32 | |||||||
| Net income (loss) attributable to parent: | (2) | 13 | 14 | 55 | 18 | 13 | 15 | |
| Undistributed earnings (loss) allocated to participating securities, basic | 0 | (0) | (0) | (1) | ✕ | ✕ | ✕ | |
| Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (0) | |||||
| Net income (loss) available to common stockholders, diluted: | (2) | 13 | 13 | 54 | 18 | 13 | 15 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2) | 13 | 14 | 22 | 18 | 13 | 15 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (2) | 13 | 14 | 22 | 18 | 13 | 15 | |
Statements sources
The financial statements are based on the company's filings with the 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.