Company: SGA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001104659-25-108489
Chunk: 1

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 1
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Item 1. Financial Statements

SAGA COMMUNICATIONS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

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​​​​​​​​​    September 30,     December 31, ​​​2025​2024    ​    (Unaudited)    (Note)​​​(In thousands)​Assets​​​    ​​​Current assets:​​​​​​​Cash and cash equivalents​$ 17,060​$ 18,860​Assets held for sale​​ 4,381​​ —​Short-term investments​​ 9,210​​ 8,927​Accounts receivable, net​  14,577​  15,941​Prepaid expenses and other current assets​  4,239​  2,606​Barter transactions​  867​  752​Total current assets​  50,334​  47,086​Property and equipment​  144,196​  151,553​Less accumulated depreciation​  97,042​  99,646​Net property and equipment​  47,154​  51,907​Other assets:​​ ​​​ ​​Broadcast licenses​  91,478​  91,497​Goodwill​  19,229​  19,229​Other intangibles, right of use assets, deferred costs and investments, net ​  10,157​  12,006​Total assets​$ 218,352​$ 221,725​​​​ ​​​ ​​Liabilities and shareholders’ equity​​ ​​  ​​Current liabilities:​​ ​​  ​​Accounts payable​$ 3,110​$ 3,080​Liabilities held for sale​​ 840​​ —​Accrued expenses:​​​​​​​Accrued payroll and payroll taxes​  5,696​  5,542​Other accrued expenses​  7,836​  7,006​Barter transactions​  901​  930​Total current liabilities​  18,383​  16,558​Deferred income taxes​  26,132​  26,007​Long-term debt​  5,000​  5,000​Other liabilities​  6,780​  8,238​Total liabilities​  56,295​  55,803​Commit