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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,53551,37920,75918,64813,43413,922
Cash and cash equivalents39,53551,37920,75918,64813,43413,922
Receivables56,68453,37847,39554,57752,41742,669
Prepaid expense5,0784,0442,4873,5173,1356,002
Other current assets4,3643,3976,8842,9161,9604,136
Other undisclosed current assets      17,931
Total current assets:105,661112,19977,52579,65870,94684,661
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization307320333347
Operating lease, right-of-use asset38,47934,15534,42039,769
Property, plant and equipment55,80749,84353,66853,81457,75459,319
Intangible assets, net (including goodwill)508,735559,708563,014575,459544,936505,012
Goodwill13,26528,59728,59728,59725,37715,275
Intangible assets, net (excluding goodwill)495,470531,111534,418546,862519,559489,737
Regulated entity, other noncurrent assets      
Other noncurrent assets5,9555,8649,65411,0147,4495,727
Other undisclosed noncurrent assets      
Total noncurrent assets:609,283649,890661,089680,402610,139570,058
TOTAL ASSETS:714,943762,088738,614760,060681,085654,719
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,3456,99512,39510,3239,6117,848
Accounts payable19,3456,99512,39510,3239,6117,848
Deferred revenue    
Debt  27014,80567 
Other liabilities29,18429,81120,98828,06419,18118,799
Other undisclosed current liabilities8,1667,6947,006  2,314
Total current liabilities:56,69544,50240,46053,19228,85928,961
Noncurrent Liabilities
Long-term debt and lease obligation285,472322,537287,980283,625  
Long-term debt, excluding current maturities285,472293,790258,345248,712  
Finance lease, liability   275
Liabilities, other than long-term debt149,288131,966143,07217,640133,915127,126
Deferred tax liabilities, net122,913115,283
Deferred income tax liabilities98,069115,689120,914 
Due to related parties863725,621566662759
Other liabilities 13,64715,90516,53717,07410,34011,084
Operating lease, liability37,48628,74729,63334,838
Other undisclosed noncurrent liabilities   121,131243,276212,466
Total noncurrent liabilities:434,760454,504431,052422,396377,192339,592
Total liabilities:491,455499,006471,513475,588406,051368,553
Equity
Equity, attributable to parent, including:223,489263,082267,727284,539275,034286,166
Treasury stock, value(29,155)(29,021)(28,188)(30,662)(30,448)(16,667)
Additional paid in capital151,948150,897154,005153,255149,963147,987
Accumulated other comprehensive income (loss)499(1,046)(1,427)(436)88425
Retained earnings100,163142,220143,304162,350155,399154,389
Other undisclosed equity, attributable to parent333333323232
Equity, attributable to noncontrolling interest   (625)(67)  
Total equity:223,489263,082267,102284,472275,034286,166
TOTAL LIABILITIES AND EQUITY:714,943762,088738,614760,060681,085654,719

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues256,381241,426206,144261,554257,495232,179
Gross profit:256,381241,426206,144261,554257,495232,179
Operating expenses(290,682)(226,766)(210,438)(223,436)(223,171)(171,343)
Operating income (loss):(34,301)14,660(4,294)38,11834,32360,836
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,3826888(246)141451
Interest and debt expense(26,914)(31,453)(19,693)(18,033)(16,287)(22,384)
Income (loss) from continuing operations before equity method investments, income taxes:(59,833)(16,724)(23,899)19,84018,17738,903
Other undisclosed income from continuing operations before income taxes  10,000    
Income (loss) from continuing operations before income taxes:(59,833)(6,724)(23,899)19,84018,17738,903
Income tax expense (benefit)17,7875,3225,186(6,598)(11,696)48,228
Income (loss) from continuing operations:(42,045)(1,403)(18,713)13,2426,48187,131
Income (loss) before gain (loss) on sale of properties:(1,403)(18,713)13,2426,48187,131
Other undisclosed net loss      
Net income (loss):(42,045)(1,403)(18,713)13,2426,48187,131
Net income attributable to noncontrolling interest    67  
Other undisclosed net income (loss) attributable to parent(12)(132)(161)75  
Net income (loss) available to common stockholders, diluted:(42,057)(1,535)(18,874)13,3846,48187,131

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(42,045)(1,403)(18,713)13,2426,48187,131
Other comprehensive loss (542)(140)(356)(189)(404)(642)
Other undisclosed comprehensive loss      
Comprehensive income (loss):(42,588)(1,543)(19,069)13,0536,07786,489
Comprehensive income, net of tax, attributable to noncontrolling interest    67  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,076517313(194)711,788
Comprehensive income (loss), net of tax, attributable to parent:(40,512)(1,026)(18,756)12,9266,14888,278

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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