$SGA
SAGA COMMUNICATIONS INC

2022 Q1 Form 10-Q Financial Statement

#000155837022007615 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $24.97M $29.15M $22.30M
YoY Change 11.95% 1.38% -14.39%
Cost Of Revenue $20.57M $21.62M $18.92M
YoY Change 8.69% 2.34% -14.76%
Gross Profit $4.399M $7.536M $3.378M
YoY Change 30.22% -1.23% -12.26%
Gross Profit Margin 17.62% 25.85% 15.15%
Selling, General & Admin $2.694M $2.570M $2.438M
YoY Change 10.5% -3.02% -19.27%
% of Gross Profit 61.24% 34.1% 72.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.689M $2.602M $2.495M
YoY Change 7.78% -1.44% -18.99%
Operating Profit $1.710M $4.934M $883.0K
YoY Change 93.66% -1.24% -59.25%
Interest Expense $32.00K $66.00K $73.00K
YoY Change -56.16% -12.0% -32.41%
% of Operating Profit 1.87% 1.34% 8.27%
Other Income/Expense, Net $2.000K $52.00K $272.0K
YoY Change -99.26% 160.0% 27.7%
Pretax Income $1.684M $4.922M $1.088M
YoY Change 54.78% -0.53% -54.29%
Income Tax $480.0K $1.230M $330.0K
% Of Pretax Income 28.5% 24.99% 30.33%
Net Earnings $1.204M $3.692M $758.0K
YoY Change 58.84% 62.64% -54.88%
Net Earnings / Revenue 4.82% 12.67% 3.4%
Basic Earnings Per Share $0.20 $0.60 $0.13
Diluted Earnings Per Share $0.20 $0.60 $0.13
COMMON SHARES
Basic Shares Outstanding 5.948M 5.922M 5.913M
Diluted Shares Outstanding 5.948M 5.922M 5.913M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.15M $54.76M $56.31M
YoY Change -2.07% 6.54% 21.63%
Cash & Equivalents $55.15M $54.76M $56.31M
Short-Term Investments $0.00
Other Short-Term Assets $3.343M $3.420M $3.902M
YoY Change -14.33% -12.31% 8.39%
Inventory
Prepaid Expenses
Receivables $13.74M $16.27M $12.67M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $72.23M $74.45M $72.89M
YoY Change -0.89% 4.91% 9.11%
LONG-TERM ASSETS
Property, Plant & Equipment $53.04M $53.34M $54.02M
YoY Change -1.81% -2.81% -16.63%
Goodwill $19.21M $19.21M $19.21M
YoY Change 0.0% 0.54%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.31M $10.65M $11.01M
YoY Change -6.36% -5.9% 103.96%
Total Long-Term Assets $172.8M $173.5M $174.5M
YoY Change -0.96% -1.16% -5.51%
TOTAL ASSETS
Total Short-Term Assets $72.23M $74.45M $72.89M
Total Long-Term Assets $172.8M $173.5M $174.5M
Total Assets $245.1M $247.9M $247.4M
YoY Change -0.94% 0.59% -1.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.226M $2.347M $2.341M
YoY Change -4.91% 6.1% 23.21%
Accrued Expenses $6.019M $5.758M $4.780M
YoY Change 25.92% 9.32% -56.94%
Deferred Revenue $959.0K $901.0K $1.005M
YoY Change -4.58% 13.33%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $15.83M $19.20M $13.86M
YoY Change 14.24% 37.76% -13.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $10.00M
YoY Change -100.0% -100.0% 0.0%
Other Long-Term Liabilities $6.622M $7.015M $7.050M
YoY Change -6.07% -5.27% -3.42%
Total Long-Term Liabilities $6.622M $7.015M $17.05M
YoY Change -61.16% -59.7% -1.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.83M $19.20M $13.86M
Total Long-Term Liabilities $6.622M $7.015M $17.05M
Total Liabilities $47.33M $51.01M $55.54M
YoY Change -14.78% -8.82% -5.22%
SHAREHOLDERS EQUITY
Retained Earnings $164.5M $164.2M $159.7M
YoY Change 2.96% 3.31%
Common Stock $77.00K $77.00K $77.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $36.96M $37.44M $37.00M
YoY Change -0.11% 0.04%
Treasury Stock Shares $1.758M
Shareholders Equity $197.7M $196.9M $191.9M
YoY Change
Total Liabilities & Shareholders Equity $245.1M $247.9M $247.4M
YoY Change -0.94% 0.59% -1.63%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $1.204M $3.692M $758.0K
YoY Change 58.84% 62.64% -54.88%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $5.296M $5.199M $5.352M
YoY Change -1.05% 33.99% 5.67%
INVESTING ACTIVITIES
Capital Expenditures $923.0K -$1.282M $534.0K
YoY Change 72.85% 198.14% -47.7%
Acquisitions
YoY Change
Other Investing Activities $5.000K $55.00K $2.000K
YoY Change 150.0% 450.0% -125.0%
Cash From Investing Activities -$921.0K -$1.227M -$392.0K
YoY Change 134.95% 192.14% -60.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.988M -11.39M 0.000
YoY Change 2821.28% -100.0%
NET CHANGE
Cash From Operating Activities 5.296M 5.199M 5.352M
Cash From Investing Activities -921.0K -1.227M -392.0K
Cash From Financing Activities -3.988M -11.39M 0.000
Net Change In Cash 387.0K -7.421M 4.960M
YoY Change -92.2% -341.73% 119.66%
FREE CASH FLOW
Cash From Operating Activities $5.296M $5.199M $5.352M
Capital Expenditures $923.0K -$1.282M $534.0K
Free Cash Flow $4.373M $6.481M $4.818M
YoY Change -9.24% 50.37% 19.14%

Facts In Submission

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CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
24967000
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
22301000
CY2021Q1 us-gaap Lease Cost
LeaseCost
440000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5800000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6100000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
6100000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6400000
CY2022Q1 sga Increase In Operating Lease Assets
IncreaseInOperatingLeaseAssets
119000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
478000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
469000
CY2022Q1 us-gaap Lease Cost
LeaseCost
444000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1299000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1575000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1274000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
886000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
680000
CY2022Q1 sga Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
1317000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7031000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
946000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
6085000
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
0
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
3000
CY2022Q1 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Broadcast Licenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBroadcastLicenses
0
CY2021Q4 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Broadcast Licenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBroadcastLicenses
69000
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
0
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
103000
CY2022Q1 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets
0
CY2021Q4 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets
172000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.303
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
0
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
175000
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
0
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
0
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
0
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
0
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
0
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
175000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
480000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
330000
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.285
CY2013Q4 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
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2022Q1 sga Credit Facility Participation Fee And Fronting Fee Percentage
CreditFacilityParticipationFeeAndFrontingFeePercentage
0.0025
CY2022Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-03-01
CY2022Q1 us-gaap Dividends
Dividends
970000
CY2022Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-04-08
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-03-21
CY2021Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-12-14
CY2021Q4 us-gaap Dividends
Dividends
3990000
CY2021Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-01-14
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-12-27
CY2021Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-09-28
CY2021Q3 us-gaap Dividends
Dividends
960000
CY2021Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-10-22
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-10-08
CY2021Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-06-18
CY2021Q2 us-gaap Dividends
Dividends
960000
CY2021Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-07-16
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-06-30

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0001558370-22-007615.txt Edgar Link pending
0001558370-22-007615-xbrl.zip Edgar Link pending
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sga-20220331.xsd Edgar Link pending
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sga-20220331x10q_htm.xml Edgar Link completed
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