10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-028817`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	sga-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 26 Cash Flow Statement 24

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.66M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.96M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.66M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$853.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$845.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.59M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$161.60M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$162.19M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$106.42M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$107.64M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$54.56M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$55.19M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$86.76M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$86.76M	USD	Point-in-time
Goodwill	`Goodwill`	$326.00K	USD	Point-in-time
Goodwill	`Goodwill`	$326.00K	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.18M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.39M	USD	Point-in-time
Total assets	`Assets`	$195.55M	USD	Point-in-time
Total assets	`Assets`	$192.04M	USD	Point-in-time
Total assets	`Assets`	$197.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.13M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.52M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.79M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.76M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.68M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.79M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$23.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$24.16M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.08M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.08M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$4.17M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$76.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$78.65M	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`	$52.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$92.15M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.50M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$116.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$115.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$192.04M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$195.55M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$29.06M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$29.42M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$22.95M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$22.77M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.48M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.15M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.32M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.81M	USD	1 Quarter
Interest expense	`InterestExpense`	$272.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$241.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.63M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.69M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.71M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter

Cash Flow Statement 24 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`	$7.59M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$950.00K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.46M	USD	1 Quarter
Acquisition of broadcast properties	`PaymentToAcquireBroadcastProperties`	$682.00K	USD	1 Quarter
Acquisition of broadcast properties	`PaymentToAcquireBroadcastProperties`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.14M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-948.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-25.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.70M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.61M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.52M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.33M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time

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