Company: SGA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001558370-25-007167
Chunk: 1

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-05-09
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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​​​​​​​​​    March 31,     December 31, ​​​2025​2024    ​    (Unaudited)    (Note)​​​(In thousands)​Assets​​​    ​​​Current assets:​​​​​​​Cash and cash equivalents​$ 17,947​$ 18,860​Short-term investments​​ 9,023​​ 8,927​Accounts receivable, net​  13,691​  15,941​Prepaid expenses and other current assets​  4,038​  2,606​Barter transactions​  907​  752​Total current assets​  45,606​  47,086​Property and equipment​  151,702​  151,553​Less accumulated depreciation​  100,365​  99,646​Net property and equipment​  51,337​  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 ​  11,655​  12,006​Total assets​$ 219,305​$ 221,725​​​​ ​​​ ​​Liabilities and shareholders’ equity​​ ​​  ​​Current liabilities:​​ ​​  ​​Accounts payable​$ 3,207​$ 3,080​Accrued expenses:​​​​​​​Accrued payroll and payroll taxes​  5,522​  5,542​Dividend payable​  —​  —​Other accrued expenses​  7,018​  7,006​Barter transactions​  1,021​  930​Total current liabilities​  16,768​  16,558​Deferred income taxes​  26,092​  26,007​Long-term debt​  5,000​  5,000​Other liabilities​  7,885​  8,238​Total liabilities​  55,745​  55,803​Commitments and contingencies (Note 11 and 13