10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-029395`
Period End Date	20140331
Filing Date	20140512
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	sga-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 38 Cash Flow Statement 26

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.33M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.81M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.82M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.35M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.50M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.26M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.02M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$988.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$45.60M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$160.53M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$158.76M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$103.93M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$102.42M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.59M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.34M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.46M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.64M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.32M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.35M	USD	Point-in-time
Total assets	`Assets`	$193.22M	USD	Point-in-time
Total assets	`Assets`	$197.16M	USD	Point-in-time
Total assets	`Assets`	$200.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.96M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.70M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.41M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.12M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.79M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.48M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.71M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.21M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$20.57M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$45.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$46.08M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.85M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$84.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$83.52M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$72.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$72.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$89.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.69M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.52M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$112.81M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$109.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$197.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$193.22M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$29.42M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$28.96M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$22.09M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$22.95M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.15M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.95M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$4.92M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$4.32M	USD	1 Quarter
Interest expense	`InterestExpense`	$358.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$272.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-25.00K	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.07M	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.54M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.63M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.81M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$2.73M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$2.44M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$223.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.95M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.43	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.48	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.04	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.69M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.67M	shares	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.42	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.47	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.04	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.74M	shares	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.84M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.73M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.46M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.18M	USD	1 Quarter
Acquisition of broadcast properties	`PaymentToAcquireBroadcastProperties`	$682.00K	USD	1 Quarter
Acquisition of broadcast properties	`PaymentToAcquireBroadcastProperties`	-	USD	1 Quarter
Proceeds from sale of television station	`ProceedsFromSaleOfTelevisionStation`	$2.96M	USD	1 Quarter
Proceeds from sale of television station	`ProceedsFromSaleOfTelevisionStation`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$135.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.14M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.65M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.70M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.38M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.33M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.