Company: SGA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010932
Chunk: 1

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-08-08
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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​​​​​​​​​    June 30,     December 31, ​​​2025​2024    ​    (Unaudited)    (Note)​​​(In thousands)​Assets​​​    ​​​Current assets:​​​​​​​Cash and cash equivalents​$ 15,791​$ 18,860​Short-term investments​​ 9,116​​ 8,927​Accounts receivable, net​  15,120​  15,941​Prepaid expenses and other current assets​  4,504​  2,606​Barter transactions​  1,005​  752​Total current assets​  45,536​  47,086​Property and equipment​  152,582​  151,553​Less accumulated depreciation​  101,363​  99,646​Net property and equipment​  51,219​  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 ​  11,411​  12,006​Total assets​$ 218,873​$ 221,725​​​​ ​​​ ​​Liabilities and shareholders’ equity​​ ​​  ​​Current liabilities:​​ ​​  ​​Accounts payable​$ 2,758​$ 3,080​Accrued expenses:​​​​​​​Accrued payroll and payroll taxes​  5,128​  5,542​Other accrued expenses​  7,573​  7,006​Barter transactions​  1,023​  930​Total current liabilities​  16,482​  16,558​Deferred income taxes​  25,967​  26,007​Long-term debt​  5,000​  5,000​Other liabilities​  7,744​  8,238​Total liabilities​  55,193​  55,803​Commitments and contingencies (Note 11 and 14)​  —​  —​