$SGA
SAGA COMMUNICATIONS INC

2021 Q2 Form 10-Q Financial Statement

#000155837021010956 Filed on August 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $28.05M $16.87M
YoY Change 66.29% -47.61%
Cost Of Revenue $21.02M $18.65M
YoY Change 12.69% -18.49%
Gross Profit $7.029M -$1.790M
YoY Change -492.68% -119.23%
Gross Profit Margin 25.06% -10.61%
Selling, General & Admin $2.494M $3.070M
YoY Change -18.76% 13.28%
% of Gross Profit 35.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.414M $3.120M
YoY Change -22.63% 15.56%
Operating Profit $4.615M -$8.659M
YoY Change -153.3% -231.04%
Interest Expense $72.00K $82.00K
YoY Change -12.2% -55.43%
% of Operating Profit 1.56%
Other Income/Expense, Net $31.00K $0.00
YoY Change
Pretax Income $4.578M -$8.716M
YoY Change -152.52% -232.38%
Income Tax $1.325M -$3.805M
% Of Pretax Income 28.94%
Net Earnings $3.253M -$4.911M
YoY Change -166.24% -203.74%
Net Earnings / Revenue 11.6% -29.12%
Basic Earnings Per Share $0.54 -$0.82
Diluted Earnings Per Share $0.54 -$0.82
COMMON SHARES
Basic Shares Outstanding 5.917M 5.868M
Diluted Shares Outstanding 5.917M 5.868M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.38M $48.90M
YoY Change 21.44% 27.01%
Cash & Equivalents $59.38M $48.91M
Short-Term Investments
Other Short-Term Assets $4.516M $4.600M
YoY Change -1.83% 17.95%
Inventory
Prepaid Expenses
Receivables $15.21M $10.16M
Other Receivables $0.00 $0.00
Total Short-Term Assets $79.11M $63.68M
YoY Change 24.22% 3.71%
LONG-TERM ASSETS
Property, Plant & Equipment $53.59M $56.86M
YoY Change -5.75% -12.66%
Goodwill $19.21M $19.11M
YoY Change 0.54%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.63M $11.81M
YoY Change -9.99% 84.48%
Total Long-Term Assets $173.7M $179.4M
YoY Change -3.16% -3.46%
TOTAL ASSETS
Total Short-Term Assets $79.11M $63.68M
Total Long-Term Assets $173.7M $179.4M
Total Assets $252.8M $243.1M
YoY Change 4.01% -1.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.417M $1.842M
YoY Change 31.22% 2.33%
Accrued Expenses $5.096M $4.835M
YoY Change 5.4% -60.69%
Deferred Revenue $1.031M $1.562M
YoY Change -33.99%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $16.70M $14.71M
YoY Change 13.54% -16.42%
LONG-TERM LIABILITIES
Long-Term Debt $10.00M $10.00M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $6.785M $7.098M
YoY Change -4.41% 7.55%
Total Long-Term Liabilities $16.79M $17.10M
YoY Change -1.83% 3.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.70M $14.71M
Total Long-Term Liabilities $16.79M $17.10M
Total Liabilities $58.29M $54.46M
YoY Change 7.04% -7.06%
SHAREHOLDERS EQUITY
Retained Earnings $162.0M $157.7M
YoY Change 2.77%
Common Stock $77.00K $77.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $37.00M $37.02M
YoY Change -0.04%
Treasury Stock Shares
Shareholders Equity $194.5M $188.6M
YoY Change
Total Liabilities & Shareholders Equity $252.8M $243.1M
YoY Change 4.01% -1.68%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $3.253M -$4.911M
YoY Change -166.24% -203.74%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $3.851M $3.250M
YoY Change 18.49% -50.15%
INVESTING ACTIVITIES
Capital Expenditures -$921.0K -$360.0K
YoY Change 155.83% -81.54%
Acquisitions
YoY Change
Other Investing Activities $141.0K $1.660M
YoY Change -91.51% 16500.0%
Cash From Investing Activities -$780.0K $1.300M
YoY Change -160.0% -167.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -1.940M
YoY Change -100.0% -63.05%
NET CHANGE
Cash From Operating Activities 3.851M 3.250M
Cash From Investing Activities -780.0K 1.300M
Cash From Financing Activities 0.000 -1.940M
Net Change In Cash 3.071M 2.610M
YoY Change 17.66% -495.45%
FREE CASH FLOW
Cash From Operating Activities $3.851M $3.250M
Capital Expenditures -$921.0K -$360.0K
Free Cash Flow $4.772M $3.610M
YoY Change 32.19% -57.38%

Facts In Submission

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us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q2 us-gaap Operating Lease Right Of Use Asset
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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CY2021Q2 us-gaap Operating Lease Liability
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CY2021Q2 us-gaap Operating Lease Payments
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CY2020Q2 us-gaap Operating Lease Payments
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2021Q2 sga Lessee Operating Lease Liability Payments Due Year Five And After Year Five
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q2 us-gaap Operating Lease Liability
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CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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CY2021Q2 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Broadcast Licenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBroadcastLicenses
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CY2020Q4 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Broadcast Licenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBroadcastLicenses
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CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
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CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
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CY2021Q2 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets
172000
CY2020Q4 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets
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CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
175000
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
200000
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
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CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
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CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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200000
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021Q2 us-gaap Income Tax Expense Benefit
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1325000
CY2020Q2 us-gaap Income Tax Expense Benefit
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-3805000
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020Q2 us-gaap Income Tax Reconciliation Other Adjustments
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
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233334
CY2013Q4 sga Percentage To Retain Annual Restricted Stock Awards
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sga Share Based Compensation Arrangement By Share Based Payment Award Options Exercise Price Description
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0
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
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0
us-gaap Allocated Share Based Compensation Expense
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0
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
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0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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0
CY2021Q2 us-gaap Long Term Debt Current
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0
CY2020Q4 us-gaap Long Term Debt Current
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CY2021Q2 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt
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sga Credit Facility Participation Fee And Fronting Fee Percentage
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CY2021Q2 us-gaap Dividends Payable Date Declared Day Month And Year
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2021-06-18
CY2021Q2 us-gaap Dividends
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960000
CY2021Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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2021-07-16
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-06-30
CY2020Q1 us-gaap Dividends Payable Date Declared Day Month And Year
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2020-03-04
CY2020Q1 us-gaap Dividends
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1900000
CY2019Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2020-04-10
CY2020Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-03-16

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