$BBGI
BEASLEY BROADCAST GROUP INC

2015 Q3 Form 10-Q Financial Statement

#000119312515369347 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q4 2014 Q3
Revenue $26.26M $18.56M $13.05M
YoY Change 101.3% 23.49% -4.95%
Cost Of Revenue $19.65M $12.26M $9.420M
YoY Change 108.6% 28.65% 1.73%
Gross Profit $6.610M $6.300M $3.630M
YoY Change 82.09% 14.55% -18.79%
Gross Profit Margin 25.17% 33.94% 27.82%
Selling, General & Admin $2.310M $2.110M $2.190M
YoY Change 5.48% -5.8% 1.39%
% of Gross Profit 34.95% 33.49% 60.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $860.0K $670.0K $640.0K
YoY Change 34.37% 15.52% 16.75%
% of Gross Profit 13.01% 10.63% 17.63%
Operating Expenses $26.34M $2.830M $12.11M
YoY Change 117.57% 5.6% 0.84%
Operating Profit -$79.68K $3.470M $938.9K
YoY Change -108.49% 23.05% -45.39%
Interest Expense $1.064M -$970.0K $1.081M
YoY Change -1.55% -29.2% -19.2%
% of Operating Profit -27.95% 115.12%
Other Income/Expense, Net $1.880K $20.00K $261.1K
YoY Change -99.28% -200.0% 1104.53%
Pretax Income -$1.142M $810.0K $112.2K
YoY Change -1118.16% -43.36% -72.2%
Income Tax -$403.9K -$320.0K $119.9K
% Of Pretax Income -39.51% 106.88%
Net Earnings -$737.9K $33.84M $2.459M
YoY Change -130.01% 845.25% -22.85%
Net Earnings / Revenue -2.81% 182.33% 18.85%
Basic Earnings Per Share
Diluted Earnings Per Share -$32.29K $1.449M $107.4K
COMMON SHARES
Basic Shares Outstanding 22.92M shares 22.82M shares
Diluted Shares Outstanding 23.00M shares 22.91M shares

Balance Sheet

Concept 2015 Q3 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.10M $14.30M $13.20M
YoY Change -15.91% 0.0% 5.6%
Cash & Equivalents $11.10M $14.26M $13.22M
Short-Term Investments
Other Short-Term Assets $1.562M $2.784M $2.340M
YoY Change -33.22% 10.36% -6.1%
Inventory
Prepaid Expenses $2.802M $636.6K $2.601M
Receivables $18.54M $17.64M $16.36M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $34.08M $35.32M $34.78M
YoY Change -2.0% -1.49% 0.56%
LONG-TERM ASSETS
Property, Plant & Equipment $27.99M $28.25M $17.90M
YoY Change 56.39% 68.11% -10.36%
Goodwill $5.337M $8.858M $7.062M
YoY Change -24.44% 25.42% -48.18%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.861M $4.327M $93.00M
YoY Change -93.7% -29.19% 1400.0%
Total Long-Term Assets $276.1M $278.9M $228.9M
YoY Change 20.58% 22.12% 0.29%
TOTAL ASSETS
Total Short-Term Assets $34.08M $35.32M $34.78M
Total Long-Term Assets $276.1M $278.9M $228.9M
Total Assets $310.1M $314.2M $263.7M
YoY Change 17.6% 18.92% 0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.403M $1.120M $1.118M
YoY Change 114.91% -33.11% -0.34%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $85.94K $3.113M $3.113M
YoY Change -97.24% -26.76% -44.04%
Total Short-Term Liabilities $10.82M $14.10M $12.69M
YoY Change -14.67% -1.53% -15.0%
LONG-TERM LIABILITIES
Long-Term Debt $90.11M $94.58M $95.86M
YoY Change -6.0% -7.84% -8.43%
Other Long-Term Liabilities $1.055M $749.4K $779.8K
YoY Change 35.34% -13.89% -13.33%
Total Long-Term Liabilities $91.16M $95.33M $96.64M
YoY Change -5.67% -7.89% -8.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.82M $14.10M $12.69M
Total Long-Term Liabilities $91.16M $95.33M $96.64M
Total Liabilities $179.0M $183.6M $166.2M
YoY Change 7.74% 7.66% -3.55%
SHAREHOLDERS EQUITY
Retained Earnings $27.06M $27.07M -$5.742M
YoY Change -571.32% -406.71% -49.55%
Common Stock $119.3M $118.5M
YoY Change 1.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.36M $15.11M $15.11M
YoY Change 1.68% 2.56% 2.56%
Treasury Stock Shares 2.882M shares 2.831M shares 2.831M shares
Shareholders Equity $131.1M $130.5M $97.55M
YoY Change
Total Liabilities & Shareholders Equity $310.1M $314.2M $263.7M
YoY Change 17.6% 18.92% 0.32%

Cashflow Statement

Concept 2015 Q3 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income -$737.9K $33.84M $2.459M
YoY Change -130.01% 845.25% -22.85%
Depreciation, Depletion And Amortization $860.0K $670.0K $640.0K
YoY Change 34.37% 15.52% 16.75%
Cash From Operating Activities $4.440M $3.750M $6.190M
YoY Change -28.27% -36.01% -6.78%
INVESTING ACTIVITIES
Capital Expenditures -$960.0K -$430.0K -$830.0K
YoY Change 15.66% -45.57% -84.13%
Acquisitions
YoY Change
Other Investing Activities $90.00K $90.00K $90.00K
YoY Change 0.0% -10.0% -10.0%
Cash From Investing Activities -$870.0K -$340.0K -$730.0K
YoY Change 19.18% -50.72% -85.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.030M -2.370M -4.330M
YoY Change -6.93% -29.67% 116.5%
NET CHANGE
Cash From Operating Activities 4.440M 3.750M 6.190M
Cash From Investing Activities -870.0K -340.0K -730.0K
Cash From Financing Activities -4.030M -2.370M -4.330M
Net Change In Cash -460.0K 1.040M 1.130M
YoY Change -140.71% -42.22% -326.0%
FREE CASH FLOW
Cash From Operating Activities $4.440M $3.750M $6.190M
Capital Expenditures -$960.0K -$430.0K -$830.0K
Free Cash Flow $5.400M $4.180M $7.020M
YoY Change -23.08% -37.14% -40.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
112150
CY2014Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1027116
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13221201
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2881929 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
119298057
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2588403
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1857548
CY2015Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
90107812
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2003126
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
131110432
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
7668752
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
15361061
CY2015Q3 us-gaap Assets Current
AssetsCurrent
34081703
CY2015Q3 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
1468608
CY2015Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1031636
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1055367
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
8946876
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
90193750
CY2015Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8335147
CY2015Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
85938
CY2015Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
2403133
CY2015Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
582584
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
27064792
CY2015Q3 us-gaap Liabilities
Liabilities
179023836
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
310134268
CY2015Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
71574996
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
10824218
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2015Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
82521
CY2015Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
77036439
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5860859
CY2015Q3 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
1400000
CY2015Q3 us-gaap Assets
Assets
310134268
CY2015Q3 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
234719505
CY2015Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
18541884
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27987531
CY2015Q3 us-gaap Other Assets Current
OtherAssetsCurrent
1562398
CY2015Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
679479
CY2015Q3 us-gaap Goodwill
Goodwill
5336583
CY2015Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2802457
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11095942
CY2015Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
79022
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14299013
CY2014Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.034 pure
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2830904 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
118535400
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
130542288
CY2014Q4 us-gaap Goodwill
Goodwill
8857516
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
636552
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
94581250
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
819670
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
97693750
CY2014Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
9794234
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3112500
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1120434
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
544932
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
27066481
CY2014Q4 us-gaap Liabilities
Liabilities
185424901
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
315967189
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
14027168
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
21933
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
75996813
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5882818
CY2014Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
1700000
CY2014Q4 us-gaap Assets
Assets
315967189
CY2014Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
234328330
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17637686
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28254202
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
15107464
CY2014Q4 us-gaap Assets Current
AssetsCurrent
35538205
CY2014Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
1748092
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2784210
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1358026
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14259441
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
220316
CY2014Q4 bbgi Number Of Radio Stations Acquired Through Asset Exchange
NumberOfRadioStationsAcquiredThroughAssetExchange
14 Radio_Stations
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.28
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.28
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13162883
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22908208 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22807413 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2612640
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
672096
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2550245
us-gaap Interest Paid Net
InterestPaidNet
3117423
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6812207
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
287193
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1400000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-53587
us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
104167
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
834353
us-gaap Share Based Compensation
ShareBasedCompensation
1101970
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
-332034
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
34500964
us-gaap Net Income Loss
NetIncomeLoss
6162971
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-162257
us-gaap Revenues
Revenues
40143834
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3077039
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
155000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
377480
us-gaap Operating Income Loss
OperatingIncomeLoss
3805200
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-86637
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
6325228
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
302081
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
401736
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-469397
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
11581080
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1140901
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-30569
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
5530
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6168501
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
63500
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-86939
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-7903125
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1077812
us-gaap Operating Expenses
OperatingExpenses
36338634
us-gaap Interest Expense
InterestExpense
3404616
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
5255852
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
283404
us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
421011
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
22168457
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11652292
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4202800
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
4086
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-556925
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1436537
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
362942
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-300000
bbgi Station Operating Expenses
StationOperatingExpenses
28089890
bbgi Disposal Group Including Discontinued Non Operating Income Expense
DisposalGroupIncludingDiscontinuedNonOperatingIncomeExpense
-330416
bbgi Property And Equipment Acquired Through Logo Agreement
PropertyAndEquipmentAcquiredThroughLogoAgreement
179980
bbgi Effective Income Tax Rate Continuing Operations Discontinued Operations
EffectiveIncomeTaxRateContinuingOperationsDiscontinuedOperations
0.50 pure
bbgi Excess Tax Benefit Shortfall From Sharebased Compensation Financing Activities
ExcessTaxBenefitShortfallFromSharebasedCompensationFinancingActivities
107088
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.0257 pure
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001099160
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1122560
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
492379
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.13
us-gaap Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
0.095 pure
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9917359
dei Entity Registrant Name
EntityRegistrantName
BEASLEY BROADCAST GROUP INC
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22995350 shares
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1366590
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22907054 shares
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
us-gaap Fair Value Inputs Long Term Revenue Growth Rate
FairValueInputsLongTermRevenueGrowthRate
0.025 pure
dei Trading Symbol
TradingSymbol
BBGI
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1807699
us-gaap Net Income Loss
NetIncomeLoss
3092487
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3092487
us-gaap Revenues
Revenues
77539498
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3090168
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
391175
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
253597
us-gaap Operating Income Loss
OperatingIncomeLoss
7589201
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7049243
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
253098
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
119868
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
12108537
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2165905
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
60588
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3153075
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5128502
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5166327
us-gaap Interest Paid Net
InterestPaidNet
2699980
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-70730
us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
166667
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2036015
us-gaap Share Based Compensation
ShareBasedCompensation
913878
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
112330
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1333025
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-7500000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3163499
us-gaap Operating Expenses
OperatingExpenses
69950297
us-gaap Interest Expense
InterestExpense
2953078
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
279484
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10994801
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1241508
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
349917
us-gaap Debt Issuance Costs
DebtIssuanceCosts
1300000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
37434
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1282699
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2822594
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2086057
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2822594
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
462392
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
3520933
bbgi Station Operating Expenses
StationOperatingExpenses
56207610
bbgi Credit Agreement Mandatory Prepayments
CreditAgreementMandatoryPrepayments
The credit agreement requires mandatory prepayments equal to 50% of consolidated excess cash flow, as defined in the credit agreement, when the Company's consolidated total debt is equal to or greater than three times its consolidated operating cash flow, as defined in the credit agreement. Prepayments of excess cash flow are not required when the Company's consolidated total debt is less than three times its consolidated operating cash flow. Mandatory prepayments of consolidated excess cash flow are due 120 days after year end. The credit agreement also requires mandatory prepayments for defined amounts from net proceeds of asset sales, net insurance proceeds, and net proceeds of debt issuances.
bbgi Mandatory Prepayments Of Consolidated Excess Cash Flow Due Period
MandatoryPrepaymentsOfConsolidatedExcessCashFlowDuePeriod
P120D
bbgi Effective Income Tax Rate Continuing Operations Discontinued Operations
EffectiveIncomeTaxRateContinuingOperationsDiscontinuedOperations
0.40 pure
bbgi Broadcasting Licenses Renewable Terms
BroadcastingLicensesRenewableTerms
P8Y
bbgi Excess Tax Benefit Shortfall From Sharebased Compensation Financing Activities
ExcessTaxBenefitShortfallFromSharebasedCompensationFinancingActivities
-151036
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.11
CY2014Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.045
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22908376 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22820761 shares
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
0.11
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
11502333
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
2458810
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-7718
CY2014Q3 us-gaap Revenues
Revenues
13047411
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
938874
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2466528
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
261058
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
4016243
CY2014Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6970
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
22756
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2481566
CY2014Q3 us-gaap Interest Expense
InterestExpense
1080812
CY2014Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
1549715
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
141668
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
7344422
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2194584
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
14646
CY2014Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
492568
CY2014Q3 bbgi Station Operating Expenses
StationOperatingExpenses
9421385
CY2014Q3 bbgi Effective Income Tax Rate Continuing Operations Discontinued Operations
EffectiveIncomeTaxRateContinuingOperationsDiscontinuedOperations
0.40 pure
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.045
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22999488 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22921200 shares
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.03
us-gaap Net Income Loss
NetIncomeLoss
-737939
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-737939
us-gaap Revenues
Revenues
26264321
us-gaap Operating Income Loss
OperatingIncomeLoss
-79683
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1880
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-6116
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-744055
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1141872
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-403933
us-gaap Operating Expenses
OperatingExpenses
26344004
us-gaap Interest Expense
InterestExpense
1064069
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2307208
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-3779
us-gaap Depreciation And Amortization
DepreciationAndAmortization
863867
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
3520933
bbgi Station Operating Expenses
StationOperatingExpenses
19651996
bbgi Effective Income Tax Rate Continuing Operations Discontinued Operations
EffectiveIncomeTaxRateContinuingOperationsDiscontinuedOperations
0.35 pure
bbgi Goodwill Impairment Loss Percentage
GoodwillImpairmentLossPercentage
1.00 pure

Files In Submission

Name View Source Status
0001193125-15-369347-index-headers.html Edgar Link pending
0001193125-15-369347-index.html Edgar Link pending
0001193125-15-369347.txt Edgar Link pending
0001193125-15-369347-xbrl.zip Edgar Link pending
bbgi-20150930.xml Edgar Link completed
bbgi-20150930.xsd Edgar Link pending
bbgi-20150930_cal.xml Edgar Link unprocessable
bbgi-20150930_def.xml Edgar Link unprocessable
bbgi-20150930_lab.xml Edgar Link unprocessable
bbgi-20150930_pre.xml Edgar Link unprocessable
d59066d10q.htm Edgar Link pending
d59066dex311.htm Edgar Link pending
d59066dex312.htm Edgar Link pending
d59066dex321.htm Edgar Link pending
d59066dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending