10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-099923`
Period End Date	20160331
Filing Date	20160509
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	sga-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 28 Cash Flow Statement 24

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$21.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.61M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.48M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.27M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$41.01M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$168.29M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$167.07M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$110.37M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$108.94M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$57.92M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$58.13M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$96.12M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.11M	USD	Point-in-time
Goodwill	`Goodwill`	$7.15M	USD	Point-in-time
Goodwill	`Goodwill`	$2.87M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.53M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.57M	USD	Point-in-time
Total assets	`Assets`	$209.73M	USD	Point-in-time
Total assets	`Assets`	$204.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.80M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.40M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.42M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.79M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$4.24M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.51M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$27.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$28.25M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.37M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.37M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.94M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$84.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$81.75M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$74.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$74.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$57.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$57.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$98.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$99.74M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$32.95M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$32.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$125.16M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$122.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$209.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$204.57M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$29.06M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$32.74M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$24.68M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$22.77M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.72M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.34M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.81M	USD	1 Quarter
Interest expense	`InterestExpense`	$189.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$241.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.15M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.58M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.45M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.13M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.71M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	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`	$0.20	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.25	USD	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.59M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.19M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.01M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$950.00K	USD	1 Quarter
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	-	USD	1 Quarter
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	$12.48M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-25.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.47M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-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	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-25.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.28M	USD	1 Quarter
Net (decrease) 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`	$15.34M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	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`	$15.34M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time

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