10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-066314`
Period End Date	20140930
Filing Date	20141110
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	sga-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 80 Cash Flow Statement 30

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.82M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.75M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.35M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.26M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.02M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$53.74M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$158.76M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$162.10M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$106.54M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$102.42M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$55.57M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.34M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.68M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.46M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.53M	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`	$204.77M	USD	Point-in-time
Total assets	`Assets`	$204.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.20M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.35M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.70M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$1.15M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$5.40M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.79M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.76M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.48M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.08M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.86M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$22.81M	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`	$41.08M	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`	$85.59M	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`	$51.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$94.85M	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`	$118.92M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$109.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$193.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$204.51M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$34.37M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$95.72M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$97.63M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$32.93M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$69.18M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$72.81M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$23.60M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$26.37M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.31M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.05M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$6.58M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.98M	USD	3 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$18.23M	USD	3 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$5.70M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$20.56M	USD	3 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$7.28M	USD	1 Quarter
Interest expense	`InterestExpense`	$812.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$308.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$268.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.02M	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$53.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$38.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$144.00K	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.12M	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.46M	USD	3 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.42M	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.59M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.18M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$7.76M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.82M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$7.00M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$4.30M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$11.83M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$3.25M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$10.46M	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$223.00K	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.05M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.25M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.76	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.82	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.56	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.08	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.04	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.12	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.82	USD	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.68M	shares	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.69M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.70M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.70M	shares	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.80	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.75	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.56	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.06	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.04	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.80	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.10	USD	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.74M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.74M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.97M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.47M	USD	3 Qtrs
Proceeds from sale of television station	`ProceedsFromSaleOfTelevisionStation`	$2.96M	USD	3 Qtrs
Proceeds from sale of television station	`ProceedsFromSaleOfTelevisionStation`	-	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.47M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.80M	USD	3 Qtrs
Proceeds from sale and disposal of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$774.00K	USD	3 Qtrs
Proceeds from sale and disposal of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$46.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$898.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$296.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.65M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.00K	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.75M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$5.00M	USD	3 Qtrs
Payments for debt amendment fees	`PaymentsOfDebtIssuanceCosts`	$289.00K	USD	3 Qtrs
Payments for debt amendment fees	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$142.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-906.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.90M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.91M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.54M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.41M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.04M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.45M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	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`	$28.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.45M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time

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