$SGA
SAGA COMMUNICATIONS INC

2014 Q1 Form 10-Q Financial Statement

#000114420414029395 Filed on May 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $29.42M $28.96M
YoY Change 1.61% -1.25%
Cost Of Revenue $22.95M $22.09M
YoY Change 3.89% -1.21%
Gross Profit $6.480M $6.870M
YoY Change -5.68% -1.29%
Gross Profit Margin 22.02% 23.72%
Selling, General & Admin $2.150M $1.950M
YoY Change 10.26% 0.0%
% of Gross Profit 33.18% 28.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.150M $1.950M
YoY Change 10.26% 0.0%
Operating Profit $4.323M $4.921M
YoY Change -12.15% -1.85%
Interest Expense $272.0K $358.0K
YoY Change -24.02% -32.2%
% of Operating Profit 6.29% 7.27%
Other Income/Expense, Net $15.00K $25.00K
YoY Change -40.0% 1150.0%
Pretax Income $4.066M $4.538M
YoY Change -10.4% 1.11%
Income Tax $1.627M $1.812M
% Of Pretax Income 40.01% 39.93%
Net Earnings $2.439M $2.949M
YoY Change -17.29% 9.02%
Net Earnings / Revenue 8.29% 10.18%
Basic Earnings Per Share $0.43 $0.52
Diluted Earnings Per Share $0.42 $0.51
COMMON SHARES
Basic Shares Outstanding 5.690M shares 5.673M shares
Diluted Shares Outstanding 5.757M shares 5.738M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.30M $25.30M
YoY Change -7.91% 277.61%
Cash & Equivalents $23.33M $25.29M
Short-Term Investments
Other Short-Term Assets $4.500M $4.700M
YoY Change -4.26% 4.44%
Inventory
Prepaid Expenses
Receivables $17.81M $16.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $45.60M $46.90M
YoY Change -2.77% 66.9%
LONG-TERM ASSETS
Property, Plant & Equipment $56.59M $58.00M
YoY Change -2.42% -7.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.319M $5.300M
YoY Change 19.23% -5.36%
Total Long-Term Assets $151.6M $153.7M
YoY Change -1.38% -3.23%
TOTAL ASSETS
Total Short-Term Assets $45.60M $46.90M
Total Long-Term Assets $151.6M $153.7M
Total Assets $197.2M $200.6M
YoY Change -1.7% 7.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.971M $1.800M
YoY Change 9.5% 20.0%
Accrued Expenses $3.118M $9.500M
YoY Change -67.18% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $13.20M $13.00M
YoY Change 1.57% 2.36%
LONG-TERM LIABILITIES
Long-Term Debt $46.08M $58.80M
YoY Change -21.64% -4.08%
Other Long-Term Liabilities $3.848M $3.100M
YoY Change 24.13% -3.13%
Total Long-Term Liabilities $49.93M $61.90M
YoY Change -19.34% -4.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.20M $13.00M
Total Long-Term Liabilities $49.93M $61.90M
Total Liabilities $84.34M $93.20M
YoY Change -9.51% 2.08%
SHAREHOLDERS EQUITY
Retained Earnings $89.13M
YoY Change
Common Stock $51.93M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $28.25M
YoY Change
Treasury Stock Shares
Shareholders Equity $112.8M $107.4M
YoY Change
Total Liabilities & Shareholders Equity $197.2M $200.6M
YoY Change -1.72% 7.33%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $2.439M $2.949M
YoY Change -17.29% 9.02%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $7.838M $7.730M
YoY Change 1.4% -12.16%
INVESTING ACTIVITIES
Capital Expenditures $1.459M -$1.180M
YoY Change -223.64% -0.84%
Acquisitions
YoY Change
Other Investing Activities -$2.000K $135.0K
YoY Change -101.48% -268.75%
Cash From Investing Activities -$2.139M $1.648M
YoY Change -229.79% -230.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 $3.000K
YoY Change -100.0% -100.04%
NET CHANGE
Cash From Operating Activities $7.838M 7.730M
Cash From Investing Activities -$2.139M $1.648M
Cash From Financing Activities $0.00 $3.000K
Net Change In Cash $5.699M $1.651M
YoY Change 245.18% -669.31%
FREE CASH FLOW
Cash From Operating Activities $7.838M $7.730M
Capital Expenditures $1.459M -$1.180M
Free Cash Flow $6.379M $8.910M
YoY Change -28.41% -10.81%

Facts In Submission

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CY2014Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> <b>2. Recent Accounting Pronouncements</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 18.7pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> In February 2013, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2013-04, <i>Obligations Resulting from Joint and Several Liability Arrangements Which the Total Amount of the Obligation is Fixed at the Reporting Date</i>, an amendment to FASB ASC Topic 405, Liabilities. This update provides guidance on the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements, including debt arrangements, other contractual obligations, and settled litigation and judicial rulings, for which the total amount of the obligation is fixed at the reporting date. This amendment was adopted on January 1, 2014 and did not have a material impact on our consolidated financial statements.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 18.7pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 18.7pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> In July 2013, the FASB issued ASU No. 2013-11, <i>Presentation of Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exits</i>, an amendment to FASB ASC Topic 740, <i>Income</i> Taxes. This amendment requires the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in the settlement of uncertain tax positions. This amendment was adopted on January 1, 2014 and did not have a material impact on our consolidated financial statements.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q1 sga Term Loan Principal Amortization Payment Required
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10-Q
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2014-03-31
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2014
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CY2014Q1 dei Trading Symbol
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SGA
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
SAGA COMMUNICATIONS INC
CY2014Q1 dei Entity Central Index Key
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0000886136
CY2014Q1 dei Current Fiscal Year End Date
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720000 USD

Files In Submission

Name View Source Status
0001144204-14-029395-index-headers.html Edgar Link pending
0001144204-14-029395-index.html Edgar Link pending
0001144204-14-029395.txt Edgar Link pending
0001144204-14-029395-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
sga-20140331.xml Edgar Link completed
sga-20140331.xsd Edgar Link pending
sga-20140331_cal.xml Edgar Link unprocessable
sga-20140331_def.xml Edgar Link unprocessable
sga-20140331_lab.xml Edgar Link unprocessable
sga-20140331_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending
v376806_10q.htm Edgar Link pending
v376806_ex31-1.htm Edgar Link pending
v376806_ex31-2.htm Edgar Link pending
v376806_ex32.htm Edgar Link pending