2018 Q2 Form 10-Q Financial Statement

#000114420418043269 Filed on August 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $32.23M $30.26M
YoY Change 6.52% -1.96%
Cost Of Revenue $23.14M $21.43M
YoY Change 7.98% -1.88%
Gross Profit $9.090M $8.840M
YoY Change 2.83% -2.0%
Gross Profit Margin 28.2% 29.21%
Selling, General & Admin $2.850M $2.880M
YoY Change -1.04% 9.92%
% of Gross Profit 31.35% 32.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.060M $2.960M
YoY Change 3.38% 12.55%
Operating Profit $6.033M $5.876M
YoY Change 2.67% -8.13%
Interest Expense $255.0K $229.0K
YoY Change 11.35% 25.82%
% of Operating Profit 4.23% 3.9%
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income $5.966M $5.647M
YoY Change 5.65% -9.12%
Income Tax $1.795M $2.272M
% Of Pretax Income 30.09% 40.23%
Net Earnings $4.171M $4.534M
YoY Change -8.01% -5.76%
Net Earnings / Revenue 12.94% 14.98%
Basic Earnings Per Share $0.70 $0.77
Diluted Earnings Per Share $0.70 $0.77
COMMON SHARES
Basic Shares Outstanding 5.834M 5.803M
Diluted Shares Outstanding 5.834M 5.806M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.90M $30.20M
YoY Change 75.17% 70.62%
Cash & Equivalents $52.91M $30.23M
Short-Term Investments
Other Short-Term Assets $3.700M $27.00M
YoY Change -86.3% 390.91%
Inventory
Prepaid Expenses
Receivables $18.56M $17.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $75.12M $74.40M
YoY Change 0.97% 63.88%
LONG-TERM ASSETS
Property, Plant & Equipment $56.10M $49.90M
YoY Change 12.43% -13.67%
Goodwill $15.56M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.133M $7.100M
YoY Change -13.62% -2.74%
Total Long-Term Assets $171.1M $152.5M
YoY Change 12.18% -9.55%
TOTAL ASSETS
Total Short-Term Assets $75.12M $74.40M
Total Long-Term Assets $171.1M $152.5M
Total Assets $246.2M $226.9M
YoY Change 8.5% 6.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.400M $2.300M
YoY Change 4.35% -14.81%
Accrued Expenses $3.622M $9.500M
YoY Change -61.87% 117.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.078M
YoY Change -100.0% 0.0%
Total Short-Term Liabilities $14.92M $17.80M
YoY Change -16.16% 6.99%
LONG-TERM LIABILITIES
Long-Term Debt $25.00M $35.30M
YoY Change -29.18% 0.04%
Other Long-Term Liabilities $1.666M $3.100M
YoY Change -46.26% -20.02%
Total Long-Term Liabilities $26.67M $38.40M
YoY Change -30.56% -1.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.92M $17.80M
Total Long-Term Liabilities $26.67M $38.40M
Total Liabilities $63.76M $87.60M
YoY Change -27.22% 3.12%
SHAREHOLDERS EQUITY
Retained Earnings $153.7M
YoY Change
Common Stock $63.78M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.11M
YoY Change
Treasury Stock Shares
Shareholders Equity $182.4M $139.3M
YoY Change
Total Liabilities & Shareholders Equity $246.2M $226.9M
YoY Change 8.5% 6.03%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $4.171M $4.534M
YoY Change -8.01% -5.76%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $8.820M $7.740M
YoY Change 13.95% 39.46%
INVESTING ACTIVITIES
Capital Expenditures -$1.410M -$1.990M
YoY Change -29.15% 29.22%
Acquisitions $24.20M
YoY Change
Other Investing Activities $20.00K -$2.630M
YoY Change -100.76% 1778.57%
Cash From Investing Activities -$1.400M -$4.610M
YoY Change -69.63% 174.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.310M -3.540M
YoY Change -34.75% 140.82%
NET CHANGE
Cash From Operating Activities 8.820M 7.740M
Cash From Investing Activities -1.400M -4.610M
Cash From Financing Activities -2.310M -3.540M
Net Change In Cash 5.110M -410.0K
YoY Change -1346.34% -117.08%
FREE CASH FLOW
Cash From Operating Activities $8.820M $7.740M
Capital Expenditures -$1.410M -$1.990M
Free Cash Flow $10.23M $9.730M
YoY Change 5.14% 37.24%

Facts In Submission

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us-gaap Prior Period Reclassification Adjustment Description
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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sga Disposal Group Including Discontinued Operation Income Tax Rate
DisposalGroupIncludingDiscontinuedOperationIncomeTaxRate
0.42 pure
CY2018Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
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Goodwill
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CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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IncomeLossFromContinuingOperationsPerBasicShare
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sga Discontinued Operation Disposal Of Discontinued Operation Transaction Costs
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sga Business Acquisition Pro Forma Earnings Per Share Diluted From Discontinued Operations
BusinessAcquisitionProFormaEarningsPerShareDilutedFromDiscontinuedOperations
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BusinessAcquisitionProFormaEarningsPerShareDilutedFromDiscontinuedOperations
0
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sga Discontinued Operation Disposal Of Discontinued Operation Transaction Costs
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0
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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Assets
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EarningsPerShareBasic
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EarningsPerShareBasic
1.10
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EarningsPerShareBasic
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EarningsPerShareBasic
0.77
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1300000 USD
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us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.96
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BusinessAcquisitionProFormaEarningsPerShareBasic
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us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.16
CY2017Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.81
sga Share Based Compensation Arrangement By Share Based Payment Award Options Exercise Price Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisePriceDescription
may not be exercised at a price which is less than 100% of the fair market value of shares at the date of grant.
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AccountsPayableCurrent
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AccountsPayableCurrent
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sga Business Acquisition Pro Forma Earnings Per Share Diluted From Continuing Operations
BusinessAcquisitionProFormaEarningsPerShareDilutedFromContinuingOperations
0.81
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BusinessAcquisitionProFormaEarningsPerShareDilutedFromContinuingOperations
0.70
sga Business Acquisition Pro Forma Earnings Per Share Diluted From Continuing Operations
BusinessAcquisitionProFormaEarningsPerShareDilutedFromContinuingOperations
0.96
CY2017Q2 sga Business Acquisition Pro Forma Earnings Per Share Diluted From Continuing Operations
BusinessAcquisitionProFormaEarningsPerShareDilutedFromContinuingOperations
0.61
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.75
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IncomeLossFromContinuingOperationsPerDilutedShare
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IncomeLossFromContinuingOperationsPerDilutedShare
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CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.20
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.35
CY2018Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
0 USD
CY2017Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
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BusinessAcquisitionProFormaEarningsPerShareDiluted
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BusinessAcquisitionProFormaEarningsPerShareDiluted
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BusinessAcquisitionProFormaEarningsPerShareDiluted
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BusinessAcquisitionProFormaEarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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EarningsPerShareDiluted
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CY2018Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
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DeferredRevenueCurrent
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LiabilitiesCurrent
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2018Q2 us-gaap Deferred Tax Liabilities Noncurrent
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us-gaap Amortization Of Acquisition Costs
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266000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
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Liabilities
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CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
dei Document Type
DocumentType
10-Q
CY2018Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CommitmentsAndContingencies
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CommonStockValue
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CommonStockValue
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CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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RetainedEarningsAccumulatedDeficit
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CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
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TreasuryStockValue
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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sga Amortization Of Additional Acquisition Costs
AmortizationOfAdditionalAcquisitionCosts
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CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
SAGA COMMUNICATIONS INC
dei Entity Central Index Key
EntityCentralIndexKey
0000886136
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Trading Symbol
TradingSymbol
SGA

Files In Submission

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