10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-057626`
Period End Date	20170930
Filing Date	20171109
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	sga-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 80 Cash Flow Statement 33

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.03M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.32M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.72M	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$4.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$103.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$52.77M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$135.64M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$134.68M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$85.51M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$79.30M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.34M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$49.17M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$86.62M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$94.71M	USD	Point-in-time
Goodwill	`Goodwill`	$7.41M	USD	Point-in-time
Goodwill	`Goodwill`	$15.42M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$5.97M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.82M	USD	Point-in-time
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$18.05M	USD	Point-in-time
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Total assets	`Assets`	$220.00M	USD	Point-in-time
Total assets	`Assets`	$277.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.62M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.95M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$26.35M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.39M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.30M	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$10.29M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$292.00K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.37M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$29.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$31.76M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$35.29M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$25.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.27M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.88M	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$1.06M	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$106.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$85.02M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$75.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$74.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$62.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$59.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$143.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.73M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$33.98M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$33.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$171.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$134.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$277.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$220.00M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$88.21M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$86.69M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$29.88M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$30.27M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$21.75M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$64.76M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$21.77M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$64.52M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.73M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$8.88M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$8.06M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$3.13M	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$69.00K	USD	3 Qtrs
Other operating expense	`OtherOperatingIncomeExpenseNet`	$1.39M	USD	3 Qtrs
Other operating expense	`OtherOperatingIncomeExpenseNet`	$127.00K	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$1.39M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$6.77M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$16.77M	USD	3 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$5.51M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$13.36M	USD	3 Qtrs
Interest expense	`InterestExpense`	$548.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$187.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$691.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$254.00K	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.23M	USD	3 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.25M	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.67M	USD	3 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.58M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.29M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.28M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.68M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.67M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$7.39M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$3.90M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$9.56M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$2.96M	USD	1 Quarter
Income from discontinued operations, net of tax (Note 5)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$32.50M	USD	3 Qtrs
Income from discontinued operations, net of tax (Note 5)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$30.45M	USD	1 Quarter
Income from discontinued operations, net of tax (Note 5)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$3.69M	USD	3 Qtrs
Income from discontinued operations, net of tax (Note 5)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$1.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.89M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$33.42M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.25	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.50	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.66	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.63	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$5.51	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$5.16	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.26	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.63	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$6.76	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$2.26	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$5.66	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.92	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.81M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.80M	shares	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.66	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.25	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.62	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.50	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$5.51	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.63	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$5.16	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.26	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.25	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$6.76	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$5.66	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.92	USD	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.81M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.80M	shares	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.90	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.80	USD	3 Qtrs

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.02M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.68M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.15M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.85M	USD	3 Qtrs
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	$12.73M	USD	3 Qtrs
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	$25.86M	USD	3 Qtrs
Proceeds from sale of television stations	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	3 Qtrs
Proceeds from sale of television stations	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$69.53M	USD	3 Qtrs
Proceeds from disposals of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.64M	USD	3 Qtrs
Proceeds from disposals of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$417.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-11.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.23M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$39.24M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$3.54M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.80M	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$4.69M	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForPurchaseOfTreasuryStock`	$37.00K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForPurchaseOfTreasuryStock`	$5.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.58M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.69M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.10M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$54.34M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.71M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.03M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.71M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time

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