Beasley Broadcast Group, Inc. (BBGI) financial statements (2022 and earlier)

Company profile

Business Address 3033 RIVIERA DRIVE
NAPLES, FL 34103
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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,37920,75918,64813,43413,92220,32514,318
Cash and cash equivalents51,37920,75918,64813,43413,92220,32514,318
Receivables53,37847,39554,57752,41742,66948,18619,848
Prepaid expense4,0442,4873,5173,1356,0024,9101,896
Assets held-in-trust     19,947 
Other current assets3,3976,8842,9161,9604,1362,1731,017
Other undisclosed current assets    17,9317,878 
Total current assets:112,19977,52579,65870,94684,661103,41937,080
Noncurrent Assets
Finance lease, right-of-use asset320333347
Operating lease, right-of-use asset34,15534,42039,769
Property, plant and equipment49,84353,66853,81457,75459,31960,16727,523
Intangible assets, net (including goodwill)559,708563,014575,459544,936505,012480,500240,600
Goodwill28,59728,59728,59725,37715,2753,3935,337
Intangible assets, net (excluding goodwill)531,111534,418546,862519,559489,737477,107235,264
Restricted cash and investments      743
Disposal group, including discontinued operation, noncurrent assets     11,320 
Other noncurrent assets5,8649,65411,0147,4495,7276,2645,455
Total noncurrent assets:649,890661,089680,402610,139570,058558,251274,322
TOTAL ASSETS:762,088738,614760,060681,085654,719661,670311,402
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,99512,39510,3239,6117,8486,0871,827
Accounts payable6,99512,39510,3239,6117,8486,0871,827
Debt27014,80567   
Other liabilities29,81120,98828,06419,18118,79921,1737,588
Other undisclosed current liabilities7,6947,006  2,3146,6861,484
Total current liabilities:44,50240,46053,19228,85928,96133,94710,899
Noncurrent Liabilities
Long-term debt and lease obligation322,537287,980283,625    
Long-term debt, excluding current maturities293,790258,345248,712    
Finance lease, liability 275
Operating lease, liability28,74729,63334,838
Liabilities, other than long-term debt131,966143,07217,640133,915127,126177,53980,504
Deferred tax liabilities, net122,913115,283160,53977,739
Deferred income tax liabilities115,689120,914 
Due to related parties3725,621566662759856952
Other liabilities15,90516,53717,07410,34011,08416,1441,812
Other undisclosed noncurrent liabilities  121,131243,276212,466247,69286,462
Total noncurrent liabilities:454,504431,052422,396377,192339,592425,231166,966
Total liabilities:499,006471,513475,588406,051368,553459,178177,865
Stockholders' equity
Stockholders' equity attributable to parent, including:263,082267,727284,539275,034286,166202,492133,537
Treasury stock, value(29,021)(28,188)(30,662)(30,448)(16,667)(15,560)(15,362)
Additional paid in capital150,897154,005153,255149,963147,987146,340119,496
Accumulated other comprehensive income (loss)(1,046)(1,427)(436)88425(722)75
Retained earnings142,220143,304162,350155,399154,38972,40229,302
Other undisclosed stockholders' equity attributable to parent33333232323226
Stockholders' equity attributable to noncontrolling interest (625)(67)    
Total stockholders' equity:263,082267,102284,472275,034286,166202,492133,537
TOTAL LIABILITIES AND EQUITY:762,088738,614760,060681,085654,719661,670311,402

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues241,426206,144261,554257,495232,179136,665105,947
Gross profit:241,426206,144261,554257,495232,179136,665105,947
Operating expenses(226,766)(210,438)(223,436)(223,171)(171,343)(74,076)(92,299)
Operating income (loss):14,660(4,294)38,11834,32360,83662,59013,648
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6888(246)141451564882
Interest and debt expense(31,453)(19,693)(18,033)(16,287)(22,384)(7,368)(4,527)
Income (loss) from continuing operations before equity method investments, income taxes:(16,724)(23,899)19,84018,17738,90355,78610,003
Other undisclosed income from continuing operations before income taxes10,000      
Income (loss) from continuing operations before income taxes:(6,724)(23,899)19,84018,17738,90355,78610,003
Income tax expense (benefit)5,3225,186(6,598)(11,696)48,228(8,298)(3,641)
Net income (loss):(1,403)(18,713)13,2426,48187,13147,4886,362
Net income attributable to noncontrolling interest  67    
Other undisclosed net income (loss) attributable to parent(132)(161)75    
Net income (loss) available to common stockholders, diluted:(1,535)(18,874)13,3846,48187,13147,4886,362

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1,403)(18,713)13,2426,48187,13147,4886,362
Other comprehensive loss(140)(356)(189)(404)(642)(491) 
Comprehensive income (loss):(1,543)(19,069)13,0536,07786,48946,9976,362
Comprehensive income, net of tax, attributable to noncontrolling interest  67    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent517313(194)711,788(306)53
Comprehensive income (loss), net of tax, attributable to parent:(1,026)(18,756)12,9266,14888,27846,6916,416

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: