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SGA Price Correlated With Financials For Saga Communications

Free historical financial statements for Saga Communications Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 44 quarters since 2012. Compare with SGA stock chart to see long term trends.

SGA Stock Compared to Quarterly

SGA Income Statement

Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

SGA Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

SGA Balance Sheet

Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
1,161,144 sh
610,891 sh
37,420 sh
T. Rowe Price Investment Management.
382,430 sh
-133,620 sh
Minerva Advisors
204,794 sh
-4,220 sh
Royce & Associates Lp
156,169 sh
46,908 sh
Renaissance Technologies
108,744 sh
-9,534 sh
103,895 sh
9 sh
Bridgeway Capital Management
59,677 sh
Geode Capital Management
49,498 sh
7,476 sh
Nuveen Asset Management
45,680 sh
Bank Of New York Mellon
25,711 sh
25,711 sh
Mork Capital Management
25,000 sh
Marquette Asset Management
21,729 sh
Millennium Management
21,239 sh
-20,979 sh
State Street
21,075 sh
Royal Bank Of Canada
15,700 sh
2,000 sh
Citadel Advisors
15,232 sh
15,232 sh
Aristides Capital
14,873 sh
-5,000 sh
14,213 sh
2,412 sh
Susquehanna International Group,
10,207 sh
10,207 sh

Summary of Significant Accounting Policies

Nature of Business

Saga Communications, Inc. is a broadcasting company whose business is devoted to acquiring, developing and operating broadcast properties. As of December 31, 2013 we owned or operated ninety-one radio stations, four television stations, four low-power television stations and five radio information networks serving twenty-five markets throughout the United States.

Basis of Presentation

On January 16, 2013 the Company consummated a four-for-three stock split of its Class A and Class B Common Stock, to shareholders of record as of the close of business on December 28, 2012. The stock split increased the Company’s issued and outstanding shares of common stock from 3,659,753 shares of Class A Common Stock and 597,504 shares of Class B Common Stock to 4,879,186 and 796,672 shares, respectively.

All share and per share information in the accompanying financial statements for periods prior to the split have been restated retroactively to reflect the stock split. The common stock and additional paid-in capital accounts at December 31, 2012 reflect the retroactive capitalization of the four-for-three stock split.

Principles of Consolidation

The consolidated financial statements include the accounts of Saga Communications, Inc. and our wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States (GAAP) requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. While we do not believe that the ultimate settlement of any amounts reported will materially affect our financial position or results of future operations, actual results may differ from estimates provided.

Concentration of Risk

Our top six markets when combined represented 44 %, 44 % and 43 % of our net operating revenue for the years ended December 31, 2013, 2012 and 2011, respectively.

We sell advertising to local and national companies throughout the United States. We perform ongoing credit evaluations of our customers and generally do not require collateral. We maintain an allowance for doubtful accounts at a level which we believe is sufficient to cover potential credit losses.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and time deposits with original maturities of three months or less. We did not have any time deposits at December 31, 2013 and 2012.

Financial Instruments

Our financial instruments are comprised of cash and cash equivalents, accounts receivable, accounts payable and long-term debt. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to their short maturities. The carrying value of long-term debt approximates fair value as it carries interest rates that either fluctuate with the euro-dollar rate, prime rate or have been reset at the prevailing market rate at December 31, 2013.

Allowance for Doubtful Accounts

A provision for doubtful accounts is recorded based on our judgment of the collectability of receivables. Amounts are written off when determined to be fully uncollectible. Delinquent accounts are based on contractual terms. The activity in the allowance for doubtful accounts during the years ended December 31, 2013, 2012 and 2011 was as follows:

Write Off of


Charged to


Balance at

at Beginning

Costs and

Accounts, Net of

End of

Year Ended

of Period




(In thousands)

December 31, 2013









December 31, 2012









December 31, 2011









Barter Transactions

Our radio and television stations trade air time for goods and services used principally for promotional, sal

Data imported from Saga Communications Inc SEC filings. Check original filings before making any investment decision.