Saga Communications Inc. (SGA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
73 KERCHEVAL AVE GROSSE POINTE FARMS, MI 48236 |
| State of Incorp. | FL |
| 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)
| 12/31/2024 | 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 | 40,177 | 46,925 | 54,760 | 51,353 | 44,034 | 44,729 | |||
| Cash and cash equivalent | 29,582 | 36,802 | 54,760 | 51,353 | 44,034 | 44,729 | |||
| Short-term investments | 10,595 | 10,123 | |||||||
| Receivables | 17,173 | 17,440 | 16,269 | 15,732 | 18,962 | 19,984 | |||
| Deferred costs | 130 | 166 | 17 | 64 | 104 | 207 | |||
| Disposal group, including discontinued operation | 566 | ||||||||
| Other undisclosed current assets | 3,164 | 3,328 | 3,403 | 3,819 | 3,620 | 3,109 | |||
| Total current assets: | 60,644 | 67,859 | 74,449 | 70,968 | 66,720 | 68,595 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 51,405 | 53,198 | 53,344 | 54,885 | 58,711 | 59,103 | |||
| Intangible assets, net (including goodwill) | 109,476 | 109,543 | 109,486 | 109,314 | 114,274 | 114,089 | |||
| Goodwill | 19,236 | 19,236 | 19,209 | 19,106 | 18,963 | 18,839 | |||
| Intangible assets, net (excluding goodwill) | 90,240 | 90,307 | 90,277 | 90,208 | 95,311 | 95,250 | |||
| Other noncurrent assets | 10,688 | 10,153 | 10,653 | 11,321 | 12,689 | 6,690 | |||
| Total noncurrent assets: | 171,569 | 172,894 | 173,483 | 175,520 | 185,674 | 179,882 | |||
| TOTAL ASSETS: | 232,213 | 240,753 | 247,932 | 246,488 | 252,394 | 248,477 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 9,282 | 9,013 | 18,295 | 13,139 | 16,349 | 16,858 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 3,988 | 1,797 | 3,274 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 6,202 | 5,660 | 7,439 | 7,899 | ||
| Accounts payable | 2,802 | 2,654 | 2,347 | 2,212 | 2,117 | 2,613 | |||
| Accrued liabilities | 6,480 | 6,359 | 5,758 | 5,267 | 4,996 | 3,072 | |||
| Deferred revenue | 924 | 987 | 901 | 795 | 1,152 | ✕ | |||
| Debt | 5,000 | ||||||||
| Other undisclosed current liabilities | 17,823 | 19,377 | 1,307 | ||||||
| Total current liabilities: | 28,029 | 29,377 | 19,196 | 13,934 | 17,501 | 23,165 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 10,000 | 10,000 | 15,000 | ||||||
| Long-term debt, excluding current maturities | 10,000 | 10,000 | 15,000 | ||||||
| Liabilities, other than long-term debt | 33,635 | 32,847 | 31,817 | 32,012 | 32,541 | 25,313 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 23,732 | ||
| Deferred income tax liabilities | 26,122 | 25,737 | 24,802 | 24,607 | 25,152 | ✕ | |||
| Other liabilities | 7,513 | 7,110 | 7,015 | 7,405 | 7,389 | 1,581 | |||
| Total noncurrent liabilities: | 33,635 | 32,847 | 31,817 | 42,012 | 42,541 | 40,313 | |||
| Total liabilities: | 61,664 | 62,224 | 51,013 | 55,946 | 60,042 | 63,478 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 170,549 | 178,529 | 196,919 | 190,542 | 192,352 | 184,999 | |||
| Treasury stock, value | (36,895) | (37,109) | (37,439) | (37,425) | (37,358) | (36,561) | |||
| Additional paid in capital | 72,593 | 71,664 | 70,035 | 68,900 | 66,811 | 64,795 | |||
| Retained earnings | 134,771 | 143,896 | 164,246 | 158,990 | 162,822 | 156,689 | |||
| Other undisclosed equity, attributable to parent | 80 | 78 | 77 | 77 | 77 | 76 | |||
| Total equity: | 170,549 | 178,529 | 196,919 | 190,542 | 192,352 | 184,999 | |||
| TOTAL LIABILITIES AND EQUITY: | 232,213 | 240,753 | 247,932 | 246,488 | 252,394 | 248,477 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 112,773 | 114,893 | 108,343 | 95,813 | 123,072 | 124,829 | ||
| Cost of revenue | (93,727) | |||||||
| Cost of product and service sold | (93,727) | |||||||
| Provision for loan, lease, and other losses | ||||||||
| Gross profit: | 112,773 | 114,893 | 108,343 | 95,813 | 123,072 | 31,102 | ||
| Operating expenses | (101,285) | (101,823) | (93,292) | (97,062) | (104,264) | (105,147) | ||
| Other undisclosed operating income | 93,727 | |||||||
| Operating income (loss): | 11,488 | 13,070 | 15,051 | (1,249) | 18,808 | 19,682 | ||
| Nonoperating income | 1,560 | 1,062 | 650 | 381 | 626 | 654 | ||
| Investment income, nonoperating | 1,441 | 410 | 16 | 148 | 610 | 631 | ||
| Other nonoperating income | 119 | 652 | 634 | 233 | 16 | 23 | ||
| Interest and debt expense | (173) | (130) | (284) | (340) | (735) | (946) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 12,875 | 14,002 | 15,417 | (1,208) | 18,699 | 19,390 | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | 12,875 | 14,002 | 15,417 | (1,208) | 18,699 | 19,390 | ||
| Income tax expense | (3,375) | (4,800) | (4,260) | (705) | (5,420) | (5,700) | ||
| Income (loss) from continuing operations: | 9,500 | 9,202 | 11,157 | (1,913) | 13,279 | 13,690 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 11,157 | (1,913) | 13,279 | 13,690 | |
| Net income (loss) attributable to parent: | 9,500 | 9,202 | 11,157 | (1,913) | 13,279 | 13,690 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (149) | (140) | (190) | 21 | (292) | (256) | ||
| Net income (loss) available to common stockholders, diluted: | 9,351 | 9,062 | 10,967 | (1,892) | 12,987 | 13,434 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 9,500 | 9,202 | 11,157 | (1,913) | 13,279 | 13,690 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 9,500 | 9,202 | 11,157 | (1,913) | 13,279 | 13,690 | ||
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.