$SGA
SAGA COMMUNICATIONS INC
CIK:0000886136|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| Net operating revenue | $ 26,402,000 | $ 28,229,000 | $ 49,269,000 | $ 52,441,000 |
| Station operating expenses | 23,436,000 | 22,226,000 | 45,448,000 | 44,189,000 |
| Corporate general and administrative | 2,676,000 | 3,074,000 | 5,652,000 | 6,241,000 |
| Depreciation and amortization | 1,184,000 | 1,267,000 | 2,358,000 | 2,593,000 |
| (Gain) loss on sale of assets, net | (1,517,000) | 253,000 | (1,550,000) | 307,000 |
| Operating income (loss) | 623,000 | 1,409,000 | (2,639,000) | (889,000) |
| Interest expense | 92,000 | 107,000 | 183,000 | 214,000 |
| Interest income | (578,000) | (210,000) | (812,000) | (432,000) |
| Other income | (1,000) | (1,000) | (56,000) | (24,000) |
| Income (loss) before income tax expense | 1,110,000 | 1,513,000 | (1,954,000) | (647,000) |
| Income tax (benefit) expense | ||||
| Current | 510,000 | 75,000 | (160,000) | |
| Deferred | 150,000 | (125,000) | (595,000) | (40,000) |
| Total income tax provision | 150,000 | 385,000 | (520,000) | (200,000) |
| Net income (loss) | $ 960,000 | $ 1,128,000 | $ (1,434,000) | $ (447,000) |
| Income (loss) per share: | ||||
| Basic (in dollars per share) | $ 0.15 | $ 0.18 | $ (0.23) | $ (0.07) |
| Diluted (in dollars per share) | $ 0.15 | $ 0.18 | $ (0.23) | $ (0.07) |
| Weighted average common shares | 6,095 | 6,176 | 6,084 | 6,138 |
| Weighted average common and common equivalent shares | 6,095 | 6,176 | 6,084 | 6,138 |
| Dividends declared per share (in dollars per share) | $ 0.25 | $ 0.25 | $ 0.5 | $ 0.5 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
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|---|---|---|---|---|---|
| Current assets: | |||||
| Cash and cash equivalents | $ 18,378,000 | $ 22,506,000 | [1] | ||
| Assets held for sale | 671,000 | 0 | |||
| Short-term investments | 9,466,000 | 9,300,000 | [1] | ||
| Accounts receivable, net | 13,208,000 | 14,031,000 | [1] | ||
| Prepaid expenses and other current assets | 3,516,000 | 2,624,000 | [1] | ||
| Barter transactions | 996,000 | 707,000 | [1] | ||
| Total current assets | 46,235,000 | 49,168,000 | [1] | ||
| Property and equipment | 140,679,000 | 144,276,000 | [1] | ||
| Less accumulated depreciation | 96,037,000 | 97,863,000 | [1] | ||
| Net property and equipment | 44,642,000 | 46,413,000 | [1] | ||
| Other assets: | |||||
| Broadcast licenses | 90,310,000 | 90,311,000 | [1] | ||
| Operating right-of-use assets | 10,209,000 | 10,253,000 | [1] | ||
| Other intangibles, deferred costs and investments, net | 5,411,000 | 5,177,000 | [1] | ||
| Total assets | 196,807,000 | 201,322,000 | [1] | ||
| Current liabilities: | |||||
| Accounts payable | 2,861,000 | 2,914,000 | [1] | ||
| Accrued expenses: | |||||
| Accrued payroll and payroll taxes | 5,128,000 | 5,327,000 | [1] | ||
| Other accrued expenses | 6,645,000 | 7,123,000 | [1] | ||
| Barter transactions | 1,009,000 | 794,000 | [1] | ||
| Current portion long-term debt | 5,000,000 | ||||
| Total current liabilities | 20,643,000 | 16,158,000 | [1] | ||
| Deferred income taxes | 21,332,000 | 21,927,000 | [1] | ||
| Long-term debt | 0 | 5,000,000 | [1] | ||
| Other liabilities | 6,603,000 | 6,757,000 | [1] | ||
| Total liabilities | 48,578,000 | 49,842,000 | [1] | ||
| Commitments and contingencies (Note 6, 9 and 10) | [1] | ||||
| Shareholders' equity: | |||||
| Common stock | 83,000 | 83,000 | [1] | ||
| Additional paid-in capital | 76,280,000 | 75,749,000 | [1] | ||
| Retained earnings | 109,274,000 | 113,884,000 | [1] | ||
| Treasury stock | (37,408,000) | (38,236,000) | [1] | ||
| Total shareholders' equity | 148,229,000 | 151,480,000 | [1] | ||
| Total liabilities and shareholders' equity | $ 196,807,000 | $ 201,322,000 | [1] | ||
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