$BBGI
BEASLEY BROADCAST GROUP INC

2019 Q3 Form 10-Q Financial Statement

#000119312519287279 Filed on November 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q3
Revenue $66.11M $65.66M $65.15M
YoY Change 1.49% 6.55% 10.6%
Cost Of Revenue $49.44M $47.76M $50.35M
YoY Change -1.81% 6.2% 18.53%
Gross Profit $16.67M $17.90M $14.80M
YoY Change 12.64% 7.44% -9.87%
Gross Profit Margin 25.21% 27.26% 22.72%
Selling, General & Admin $5.330M $5.420M $3.670M
YoY Change 45.23% 22.07% -8.93%
% of Gross Profit 31.97% 30.28% 24.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.870M $1.740M $1.690M
YoY Change 10.65% 11.54% 15.75%
% of Gross Profit 11.22% 9.72% 11.42%
Operating Expenses $56.70M $54.98M $55.82M
YoY Change 1.58% 7.87% 22.07%
Operating Profit $9.412M $10.68M $9.326M
YoY Change 0.92% 0.21% -29.21%
Interest Expense $4.406M $4.547M $4.074M
YoY Change 8.16% 19.48% -13.65%
% of Operating Profit 46.82% 42.58% 43.68%
Other Income/Expense, Net -$86.33K $38.19K -$761.3K
YoY Change -88.66% 39.84% -1747.1%
Pretax Income $4.919M $6.169M $4.210M
YoY Change 16.84% -10.3% -50.49%
Income Tax $1.734M $1.900M $1.578M
% Of Pretax Income 35.25% 30.8% 37.49%
Net Earnings $3.044M $4.269M $2.632M
YoY Change 15.66% -13.21% -56.64%
Net Earnings / Revenue 4.6% 6.5% 4.04%
Basic Earnings Per Share $0.11 $0.15
Diluted Earnings Per Share $0.11 $0.15 $95.64K
COMMON SHARES
Basic Shares Outstanding 27.78M 27.78M 27.35M
Diluted Shares Outstanding 27.88M 27.84M 27.50M

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.90M $12.30M $10.00M
YoY Change 19.0% -16.89% -35.48%
Cash & Equivalents $11.90M $12.27M $9.980M
Short-Term Investments
Other Short-Term Assets $2.319M $3.933M $5.508M
YoY Change -57.9% -6.77% 203.87%
Inventory
Prepaid Expenses $6.648M $6.014M $10.06M
Receivables $49.06M $47.49M $46.78M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $69.92M $69.71M $72.33M
YoY Change -3.33% -5.63% -15.12%
LONG-TERM ASSETS
Property, Plant & Equipment $59.18M $58.28M $58.51M
YoY Change 1.13% -0.23% -1.0%
Goodwill $25.38M $25.38M $25.38M
YoY Change 0.0% 66.13% 647.88%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.15M $12.25M $5.957M
YoY Change 137.48% 115.72% 1.4%
Total Long-Term Assets $670.0M $654.2M $609.4M
YoY Change 9.93% 14.96% 11.48%
TOTAL ASSETS
Total Short-Term Assets $69.92M $69.71M $72.33M
Total Long-Term Assets $670.0M $654.2M $609.4M
Total Assets $739.9M $723.9M $681.8M
YoY Change 8.52% 12.6% 7.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.77M $10.50M $14.56M
YoY Change -5.44% 11.86% 85.62%
Accrued Expenses $7.000M $6.600M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $42.30M $36.60M $34.88M
YoY Change 21.25% 16.45% 30.31%
LONG-TERM LIABILITIES
Long-Term Debt $245.2M $237.2M $243.8M
YoY Change 0.59% 12.65% 17.83%
Other Long-Term Liabilities $9.604M $9.628M $10.96M
YoY Change -12.39% -12.51% -21.87%
Total Long-Term Liabilities $254.8M $246.9M $10.96M
YoY Change 2224.81% 2143.42% -21.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.30M $36.60M $34.88M
Total Long-Term Liabilities $254.8M $246.9M $10.96M
Total Liabilities $458.4M $444.7M $407.8M
YoY Change 12.4% 19.95% -1.7%
SHAREHOLDERS EQUITY
Retained Earnings $159.0M $157.3M $154.7M
YoY Change 2.77% 2.54% 79.85%
Common Stock $152.9M $152.3M $149.8M
YoY Change 2.05% 1.98% 1.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.48M $30.48M $30.27M
YoY Change 0.71% 0.75% 88.39%
Treasury Stock Shares $4.436M $4.434M 4.379M shares
Shareholders Equity $281.5M $279.2M $273.9M
YoY Change
Total Liabilities & Shareholders Equity $739.9M $723.9M $681.8M
YoY Change 8.52% 12.6% 7.89%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q3
OPERATING ACTIVITIES
Net Income $3.044M $4.269M $2.632M
YoY Change 15.66% -13.21% -56.64%
Depreciation, Depletion And Amortization $1.870M $1.740M $1.690M
YoY Change 10.65% 11.54% 15.75%
Cash From Operating Activities $11.78M $4.120M $4.850M
YoY Change 142.89% -33.33% -31.59%
INVESTING ACTIVITIES
Capital Expenditures -$2.230M -$2.830M -$1.220M
YoY Change 82.79% 197.89% -10.29%
Acquisitions
YoY Change
Other Investing Activities -$16.01M $0.00 -$39.52M
YoY Change -59.49% -100.0%
Cash From Investing Activities -$18.24M -$2.830M -$40.74M
YoY Change -55.23% 157.27% 2895.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.090M -5.420M 31.04M
YoY Change -80.38% 58.48% -523.47%
NET CHANGE
Cash From Operating Activities 11.78M 4.120M 4.850M
Cash From Investing Activities -18.24M -2.830M -40.74M
Cash From Financing Activities 6.090M -5.420M 31.04M
Net Change In Cash -370.0K -4.130M -4.850M
YoY Change -92.37% -348.8% 203.13%
FREE CASH FLOW
Cash From Operating Activities $11.78M $4.120M $4.850M
Capital Expenditures -$2.230M -$2.830M -$1.220M
Free Cash Flow $14.01M $6.950M $6.070M
YoY Change 130.81% -2.52% -28.17%

Facts In Submission

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CY2018Q2 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Stockholders Equity
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CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
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CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
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CY2018Q3 us-gaap Dividends Common Stock Cash
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us-gaap Dividends Common Stock Cash
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CY2018Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2018Q4 bbgi Trade Sales Receivable
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CY2019Q3 bbgi Trade Sales Receivable
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CY2019Q3 bbgi Trade Sales Payable
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bbgi Trade Sales Revenue
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bbgi Trade Sales Revenue
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CY2018Q3 bbgi Trade Sales Revenue
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CY2019Q3 bbgi Trade Sales Revenue
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CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.37
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.35
bbgi Income Tax Reconciliation Change In Fair Value Of Contingent Consideration
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CY2018Q3 bbgi Income Loss Before Equity In Earnings Of Unconsolidated Affiliates
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CY2019Q3 bbgi Income Loss Before Equity In Earnings Of Unconsolidated Affiliates
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bbgi Income Loss Before Equity In Earnings Of Unconsolidated Affiliates
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bbgi Income Loss Before Equity In Earnings Of Unconsolidated Affiliates
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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us-gaap Payments To Acquire Businesses Gross
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dei Document Period End Date
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2019-09-30
dei Document Type
DocumentType
10-Q
dei Amendment Flag
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false
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2018Q3 bbgi Conversion Of Note Receivable And Accrued Interest To Equity Investment
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187618
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Security12b Title
Security12bTitle
Common Stock
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Trading Symbol
TradingSymbol
BBGI
CY2018Q3 us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value New Issues
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
BEASLEY BROADCAST GROUP INC
dei Entity Central Index Key
EntityCentralIndexKey
0001099160
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Shell Company
EntityShellCompany
false
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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141378
CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
141378
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
141378

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