Saga Communications, Inc. (SGA) financial statements (2022 and earlier)

Company profile

Business Address 73 KERCHEVAL AVE
GROSSE POINTE FARMS, MI 48236
State of Incorp. FL
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 investments54,76051,35344,03444,72953,03026,64021,614
Cash and cash equivalents54,76051,35344,03444,72953,03026,64021,614
Receivables16,26915,73218,96219,98419,30721,66021,300
Deferred costs1764104207138191244
Disposal group, including discontinued operation   566   
Other undisclosed current assets3,4033,8193,6203,1093,6995,3034,737
Total current assets:74,44970,96866,72068,59576,17453,79447,895
Noncurrent Assets
Property, plant and equipment53,34454,88558,71159,10356,23556,56258,131
Intangible assets, net (including goodwill)109,486109,314114,274114,089108,817103,63690,980
Goodwill19,20919,10618,96318,83915,5587,4072,874
Intangible assets, net (excluding goodwill)90,27790,20895,31195,25093,25996,22988,106
Other noncurrent assets10,65311,32112,6896,6907,5437,0287,565
Total noncurrent assets:173,483175,520185,674179,882172,595167,226156,676
TOTAL ASSETS:247,932246,488252,394248,477248,769221,020204,571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,29513,13916,34916,85819,81413,50012,992
Accounts payable2,3472,2122,1172,6132,2062,3772,799
Accrued liabilities5,7585,2674,9963,0723,2433,4052,792
Employee-related liabilities6,2025,6607,4397,8997,8367,7187,401
Interest and dividends payable3,988 1,7973,2746,529  
Deferred revenue9017951,152
Debt   5,000 1,078 
Deferred revenue and credits1,0911,4671,346
Other undisclosed current liabilities   1,307   
Total current liabilities:19,19613,93417,50123,16520,90516,04514,338
Noncurrent Liabilities
Long-term debt and lease obligation 10,00010,00015,00025,00035,28736,365
Long-term debt, excluding current maturities 10,00010,00015,00025,00035,28736,365
Liabilities, other than long-term debt31,81732,01232,54125,31323,39934,70631,052
Deferred tax liabilities, net23,73221,07230,76327,688
Deferred income tax liabilities24,80224,60725,152
Other liabilities7,0157,4057,3891,5812,3272,9742,584
Program rights obligations     969780
Total noncurrent liabilities:31,81742,01242,54140,31348,39969,99367,417
Total liabilities:51,01355,94660,04263,47869,30486,03881,755
Stockholders' equity
Stockholders' equity attributable to parent, including:196,919190,542192,352184,999179,465134,982122,816
Treasury stock, value(37,439)(37,425)(37,358)(36,561)(34,894)(33,382)(32,948)
Additional paid in capital70,03568,90066,81164,79562,67559,55757,510
Retained earnings164,246158,990162,822156,689151,608108,73398,180
Other undisclosed stockholders' equity attributable to parent77777776767474
Total stockholders' equity:196,919190,542192,352184,999179,465134,982122,816
TOTAL LIABILITIES AND EQUITY:247,932246,488252,394248,477248,769221,020204,571

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
Revenues108,34395,813123,072124,829118,149142,591132,856
Revenue, net118,149142,591132,856
Cost of revenue
(Cost of Goods and Services Sold)
   (93,727)(87,759)(101,542)(97,268)
Gross profit:108,34395,813123,07231,10230,39041,04935,588
Operating expenses(93,292)(97,062)(104,264)(105,147)(100,920)(111,129)(108,774)
Other undisclosed operating income   93,72787,759101,54297,268
Operating income (loss):15,051(1,249)18,80819,68217,22931,46224,082
Nonoperating income650381626654  417
Investment income, nonoperating16148610631   
Other nonoperating income6342331623  417
Interest and debt expense(284)(340)(735)(946)(903)(776)(1,445)
Income (loss) from continuing operations before income taxes:15,417(1,208)18,69919,39016,32630,68623,054
Income tax expense (benefit)(4,260)(705)(5,420)(5,700)5,920(12,500)(9,640)
Net income (loss):11,157(1,913)13,27913,69022,24618,18613,414
Other undisclosed net income attributable to parent    32,471  
Net income (loss) attributable to parent:11,157(1,913)13,27913,69054,71718,18613,414
Undistributed earnings (loss) allocated to participating securities, basic(190)21(292)(256)(911)
Other undisclosed net loss available to common stockholders, basic     (325)(250)
Net income (loss) available to common stockholders, diluted:10,967(1,892)12,98713,43453,80617,86113,164

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):11,157(1,913)13,27913,69022,24618,18613,414
Comprehensive income (loss), net of tax, attributable to parent:11,157(1,913)13,27913,69022,24618,18613,414

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.

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