Saga Communications Inc. (SGA) Financial Statements (2024 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)

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 investments40,17746,92554,76051,35344,03444,729
Cash and cash equivalents29,58236,80254,76051,35344,03444,729
Short-term investments10,59510,123    
Receivables17,17317,44016,26915,73218,96219,984
Deferred costs 1301661764104207
Disposal group, including discontinued operation      566
Other undisclosed current assets3,1643,3283,4033,8193,6203,109
Total current assets:60,64467,85974,44970,96866,72068,595
Noncurrent Assets
Property, plant and equipment51,40553,19853,34454,88558,71159,103
Intangible assets, net (including goodwill)109,476109,543109,486109,314114,274114,089
Goodwill19,23619,23619,20919,10618,96318,839
Intangible assets, net (excluding goodwill)90,24090,30790,27790,20895,31195,250
Other noncurrent assets10,68810,15310,65311,32112,6896,690
Total noncurrent assets:171,569172,894173,483175,520185,674179,882
TOTAL ASSETS:232,213240,753247,932246,488252,394248,477
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,2829,01318,29513,13916,34916,858
Interest and dividends payable3,988 1,7973,274
Employee-related liabilities6,2025,6607,4397,899
Accounts payable2,8022,6542,3472,2122,1172,613
Accrued liabilities6,4806,3595,7585,2674,9963,072
Deferred revenue9249879017951,152
Debt      5,000
Other undisclosed current liabilities17,82319,377   1,307
Total current liabilities:28,02929,37719,19613,93417,50123,165
Noncurrent Liabilities
Long-term debt and lease obligation    10,00010,00015,000
Long-term debt, excluding current maturities    10,00010,00015,000
Liabilities, other than long-term debt33,63532,84731,81732,01232,54125,313
Deferred tax liabilities, net23,732
Deferred income tax liabilities26,12225,73724,80224,60725,152
Other liabilities7,5137,1107,0157,4057,3891,581
Total noncurrent liabilities:33,63532,84731,81742,01242,54140,313
Total liabilities:61,66462,22451,01355,94660,04263,478
Equity
Equity, attributable to parent, including:170,549178,529196,919190,542192,352184,999
Common stock      
Treasury stock, value(36,895)(37,109)(37,439)(37,425)(37,358)(36,561)
Additional paid in capital72,59371,66470,03568,90066,81164,795
Retained earnings134,771143,896164,246158,990162,822156,689
Other undisclosed equity, attributable to parent 807877777776
Total equity:170,549178,529196,919190,542192,352184,999
TOTAL LIABILITIES AND EQUITY:232,213240,753247,932246,488252,394248,477

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
Revenues112,773114,893108,34395,813123,072124,829
Cost of revenue
(Cost of Goods and Services Sold)
      (93,727)
Gross profit:112,773114,893108,34395,813123,07231,102
Operating expenses(101,285)(101,823)(93,292)(97,062)(104,264)(105,147)
Other operating expense, net
(Other undisclosed Other operating expense, net)
      
Other undisclosed operating income      93,727
Operating income (loss):11,48813,07015,051(1,249)18,80819,682
Nonoperating income1,5601,062650381626654
Investment income, nonoperating1,44141016148610631
Other nonoperating income 1196526342331623
Interest and debt expense(173)(130)(284)(340)(735)(946)
Income (loss) from continuing operations before income taxes:12,87514,00215,417(1,208)18,69919,390
Income tax expense(3,375)(4,800)(4,260)(705)(5,420)(5,700)
Income (loss) from continuing operations:9,5009,20211,157(1,913)13,27913,690
Income (loss) before gain (loss) on sale of properties:11,157(1,913)13,27913,690
Net income (loss) attributable to parent:9,5009,20211,157(1,913)13,27913,690
Undistributed earnings (loss) allocated to participating securities, basic(149)(140)(190)21(292)(256)
Net income (loss) available to common stockholders, diluted:9,3519,06210,967(1,892)12,98713,434

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):9,5009,20211,157(1,913)13,27913,690
Comprehensive income (loss), net of tax, attributable to parent:9,5009,20211,157(1,913)13,27913,690

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.

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