$BBGI

BEASLEY BROADCAST GROUP INC

CIK:0001099160|SEC Filings

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ 87,508,220	$ (2,843,996)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock-based compensation	104,107	175,228
Provision for credit losses	60,660	24,758
Depreciation and amortization	3,282,274	3,241,345
Gain on dispositions	(12,461,477)	(1,698,228)
Amortization of debt issuance costs	270,969	0
Amortization of premium	(2,792,878)	(3,767,682)
Noncash gain on debt restructure	(99,672,660)	0
Gain on repurchase of long-term debt	0	(525,000)
Deferred income taxes	(90,336)	(1,296,269)
Equity in earnings of unconsolidated affiliates	85,496	41,358
Change in operating assets and liabilities:
Accounts receivable	7,707,262	247,142
Prepaid expenses	(135,800)	(2,116,123)
Other assets	(302,650)	(1,565,380)
Accounts payable	(11,640,710)	4,991,505
Other current liabilities	7,299,097	4,825,927
Other long-term liabilities	5,111,419	0
Other operating activities	420,295	(154,508)
Net cash used in operating activities	(15,246,712)	(419,923)
Cash flows from investing activities:
Capital expenditures	(1,454,453)	(1,373,338)
Proceeds from disposition	19,319,709	2,746,507
Net cash provided by investing activities	17,865,256	1,373,169
Cash flows from financing activities:
Issuance of debt	15,059,156	0
Payments of debt	(18,752,526)	0
Payment of debt issuance costs	(2,709,711)	0
Repurchase of long-term debt	0	(975,000)
Issuance of common stock	635,595	0
Purchase of treasury stock	(90,250)	(27,042)
Net cash used in financing activities	(5,857,736)	(1,002,042)
Net decrease in cash and cash equivalents	(3,239,192)	(48,796)
Cash and cash equivalents at beginning of period	9,936,783	13,772,720
Cash and cash equivalents at end of period	6,697,591	13,723,924
Cash paid for interest	2,304,088	6,628,990
Cash paid for income taxes	$ 18,060	$ 1,170,800

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 6,697,591	$ 9,936,783
Accounts receivable, less allowance for credit losses of $2,396,893 in 2025 and $1,408,640 in 2026	37,700,739	45,468,661
Prepaid expenses	3,495,564	3,359,764
Other current assets	1,534,801	1,695,702
Total current assets	49,428,695	60,460,910
Property and equipment, net	40,247,303	43,101,321
Operating lease right-of-use assets	25,778,406	26,463,869
FCC licenses	154,711,200	154,711,200
Other intangibles, net	1,346,355	1,412,901
Gain on disposition	0	7,423,633
Other assets	8,084,796	5,714,142
Total assets	279,596,755	299,287,976
Current liabilities:
Accounts payable	14,191,971	25,832,681
Operating lease liabilities	7,111,062	6,972,790
Other current liabilities	18,996,087	24,630,287
Current portion of long-term debt	0	2,795,000
Total current liabilities	40,299,120	60,230,758
Long-term debt	144,818,041	235,287,353
Operating lease liabilities	24,855,681	25,635,355
Deferred tax liabilities	18,951,075	19,041,411
Liabilities held for sale	0	1,689,352
Total liabilities	240,769,514	348,618,407
Commitments and contingencies
Stockholders' equity (deficit):
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital	157,537,497	156,797,847
Treasury stock, Class A common stock; 200,051 shares in 2025; 204,264 shares in 2026	(29,457,661)	(29,367,411)
Accumulated deficit	(89,885,853)	(177,394,073)
Accumulated other comprehensive income	598,351	598,351
Total stockholders' equity (deficit)	38,827,241	(49,330,431)
Total liabilities and stockholders' equity (deficit)	279,596,755	299,287,976
Class A Common Stock [Member]
Stockholders' equity (deficit):
Common stock	18,245	18,193
Class B Common Stock [Member]
Stockholders' equity (deficit):
Common stock	16,662	16,662
Nonrelated Party [Member]
Current liabilities:
Other long-term liabilities	$ 11,845,597	$ 6,734,178