Saga Communications, Inc. (SGA) financial statements (2021 and earlier)

Company profile

Business Address 73 KERCHEVAL AVE
GROSSE POINTE FARMS, MI 48236
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 millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44455327221818
Cash and cash equivalents44455327221818
Receivables19201922212120
Deferred costs0000011
Disposal group, including discontinued operation 1     
Other undisclosed current assets4345544
Total current assets:67697654484442
Noncurrent Assets
Property, plant and equipment59595657585556
Intangible assets, net (including goodwill)11411410910491870
Goodwill191916730 
Intangible assets, net (excluding goodwill)9595939688870
Other noncurrent assets13787866
Other undisclosed noncurrent assets     (0)88
Total noncurrent assets:186180173167157148151
TOTAL ASSETS:252248249221205192193
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16172014131211
Accounts payable2322322
Accrued liabilities5333333
Employee-related liabilities7888777
Interest and dividends payable237    
Deferred revenue1
Debt 5 1  1
Program rights obligations     11
Deferred revenue and credits11111
Other undisclosed current liabilities 1   (1)(1)
Total current liabilities:18232116141314
Noncurrent Liabilities
Long-term debt and lease obligation10152535363645
Long-term debt, excluding current maturities10152535363645
Liabilities, other than long-term debt33252335312825
Deferred tax liabilities, net242131282421
Deferred income tax liabilities25
Other liabilities7223333
Program rights obligations   1111
Total noncurrent liabilities:43404870676470
Total liabilities:60636986827784
Stockholders' equity
Stockholders' equity attributable to parent, including:192185179135123115110
Treasury stock, value(37)(37)(35)(33)(33)(29)(29)
Additional paid in capital67656360585251
Retained earnings163157152109989187
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:192185179135123115110
TOTAL LIABILITIES AND EQUITY:252248249221205192193

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues123125118143133135129
Revenue, net118143133134129
Cost of revenue
(Cost of Goods and Services Sold)
 (94)(88)(102)(97)(98)(93)
Gross profit:123313041363737
Operating expenses(104)(105)(101)(111)(109)(108)(103)
Other undisclosed operating income 9488102979793
Operating income:19201731242626
Nonoperating income11  000
Investment income, nonoperating11     
Other nonoperating income00  000
Interest and debt expense(1)(1)(1)(1)(1)(1)(1)
Income from continuing operations before income taxes:19191631232525
Income tax expense (benefit)(5)(6)6(13)(10)(10)(10)
Net income:13142218131515
Other undisclosed net income attributable to parent  32   0
Net income attributable to parent:13145518131515
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(1)
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)(0)
Net income available to common stockholders, diluted:13135418131515

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:13142218131515
Comprehensive income, net of tax, attributable to parent:13142218131515

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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