Company Quick10K Filing
Beasley Broadcast Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 28 $84
10-K 2020-02-21 Annual: 2019-12-31
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-07 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-02-19 Annual: 2018-12-31
10-Q 2018-11-06 Quarter: 2018-09-30
10-Q 2018-08-06 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-02-20 Annual: 2017-12-31
10-Q 2017-11-06 Quarter: 2017-09-30
10-Q 2017-08-07 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-03-23 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-11 Quarter: 2016-03-31
10-K 2016-02-26 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-12 Quarter: 2015-06-30
10-Q 2015-05-13 Quarter: 2015-03-31
10-K 2015-03-18 Annual: 2014-12-31
10-Q 2014-10-31 Quarter: 2014-09-30
10-Q 2014-08-01 Quarter: 2014-06-30
10-Q 2014-05-05 Quarter: 2014-03-31
10-K 2014-02-14 Annual: 2013-12-31
10-Q 2013-11-01 Quarter: 2013-09-30
10-Q 2013-08-02 Quarter: 2013-06-30
10-Q 2013-05-03 Quarter: 2013-03-31
10-K 2013-02-15 Annual: 2012-12-31
10-Q 2012-11-02 Quarter: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-04 Quarter: 2012-03-31
10-K 2012-02-24 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-04 Quarter: 2011-03-31
10-K 2011-03-16 Annual: 2010-12-31
10-Q 2010-11-01 Quarter: 2010-09-30
10-Q 2010-08-02 Quarter: 2010-06-30
10-Q 2010-05-04 Quarter: 2010-03-31
10-K 2010-03-11 Annual: 2009-12-31
8-K 2020-02-18 Earnings, Exhibits
8-K 2019-11-07 Earnings, Exhibits
8-K 2019-08-05 Earnings, Exhibits
8-K 2019-05-30 Shareholder Vote
8-K 2019-04-29 Earnings, Exhibits
8-K 2019-02-11 Earnings, Exhibits
8-K 2018-11-02 Earnings, Exhibits
8-K 2018-08-24 Enter Agreement, Exhibits
8-K 2018-08-13 Regulation FD, Exhibits
8-K 2018-08-03 Earnings, Exhibits
8-K 2018-07-24 Other Events, Exhibits
8-K 2018-07-23 Regulation FD, Exhibits
8-K 2018-05-31 Shareholder Vote
8-K 2018-05-07 Earnings, Exhibits
8-K 2018-03-05 Regulation FD, Exhibits
8-K 2018-02-12 Earnings, Exhibits
8-K 2018-01-23 Officers, Amend Bylaw, Exhibits

Beasley Broadcast Group Financials

BBGI Metrics, Comps, Filings

Annual | Quarterly

Business

We are a radio broadcasting company whose primary business is operating radio stations throughout the United States. We own and operate 64 radio stations in the following radio markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, West Palm Beach-Boca Raton, FL, and Wilmington, DE. We refer to each group of radio stations in each radio market as a market cluster. Beasley Broadcast Group, Inc., a Delaware corporation, was formed in 1999.

On November 1, 2016, we completed the acquisition of Greater Media, Inc. ("Greater Media"), pursuant to the merger agreement, dated as of July 19, 2016 by and among the Company, Greater Media, Beasley Media Group 2, Inc., an indirect wholly-owned subsidiary of the Company ("Merger Sub"), and Peter A. Bordes, Jr., as the Stockholders' Representative (the "Merger Agreement"). On the Closing Date, Merger Sub was merged with and into Greater Media, with Greater Media surviving the merger as an indirect wholly-owned subsidiary of the Company (the "Merger"). As a result of the Merger, the Company added 21 radio stations in the Boston, MA, Detroit, MI, Charlotte, NC, Middlesex, NJ, Monmouth, NJ, Morristown, NJ and Philadelphia, PA markets.

We seek to secure and maintain a leadership position in the markets we serve by developing market-leading clusters of radio stations in each of our markets. We operate our radio stations in clusters to capture a variety of demographic listener groups, which we believe enhances our radio stations' appeal to a wide range of advertisers. In addition, we have been able to achieve operating efficiencies by consolidating office and studio space where possible to minimize duplicative management positions and reduce overhead expenses. Current FCC rules and regulations do not permit us to add more AM or FM radio stations to our Augusta, GA market cluster, or more FM radio stations to our Boston, MA, Charlotte, NC, Fayetteville, NC, Fort Myers-Naples, FL, Philadelphia, PA, and Tampa-Saint Petersburg, FL market clusters.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pandora (P) 2,533,179 33% -9.4 -28% 1,172,803 606,924 1,516,990 502,581 -332,102 -254,951 2,400,809
Gray Television (GTN) 1,604,890 0% 14.8 2% 7,104,000 5,051,000 1,871,220 0 173,267 363,267 5,378,890
EW Scripps (SSP) 1,014,198 0% 18.8 -0% 3,506,491 2,612,883 1,347,548 0 -6,964 155,328 2,913,479
Central European Media Enterprises (CETV) 1,204,711 45% 8.6 9% 1,339,181 804,599 697,260 311,443 125,606 205,609 1,765,145
Entercom Communications (ETM) 470,203 0% -12.0 -8% 4,185,448 2,817,578 1,487,186 0 -319,621 -180,130 2,165,827
Entravision Communications (EVC) 271,586 0% 37.7 -3% 687,842 401,866 284,810 0 -19,970 12,288 463,547
Townsquare Media (TSQ) 191,688 0% 13.1 -0% 1,029,668 680,584 428,289 0 -1,591 51,557 677,096
Urban One (UONE) 110,368 15% 11.1 10% 1,261,501 1,062,573 444,616 67,499 123,208 87,503 972,242
Beasley Broadcast Group (BBGI) 87,551 0% 10.2 1% 739,883 458,414 189,461 0 8,666 32,237 328,652
Emmis Communications (EMMS) 61,584 0% 5.6 4% 256,240 146,928 90,723 0 11,438 24,627 136,781
Salem Media (SALM) 43,385 0% 36.2 -4% 586,245 391,574 189,265 0 -23,327 8,105 293,343
Saga Communications (SGA) 183 0% -1.5 6% 248,999 58,596 124,219 0 13,733 20,064 -30,889
NTN Buzztime (NTN) 6,601 0% 29.0 -5% 14,919 8,574 14,638 0 -754 200 5,804
Akazoo (SONG)
Tencent Music (TME) 0% 44,605,000 6,833,000 0 0 0 0 -0
ViacomCBS (VIAC) 0% 2.0 16% 24,476,000 19,424,000 15,438,000 0 3,925,000 4,615,000 9,041,000
Liberty Media Corporation (BATRA)
Phoenix New Media (FENG) 0% 4,630,719 1,240,358 0 0 0 0 -443,672
Cumulus Media (CMLS) -94.7 -0% 0 0 0 -10,600 1,003,622
Grupo Televisa (TV) 0% 297,170,593 192,639,902 0 0 0 0 -1,961,106

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash13,61011,66114,29914,25914,31820,32513,92213,434
Accounts Receivable17,76018,17517,19517,63819,84848,18642,66952,417
Inventory
PP&E19,76119,06743,88128,25427,52360,16759,31957,754
Assets254,989259,373264,209315,967311,402661,670654,719681,085
Accounts Payable9071,1561,6751,1201,8276,0877,8489,611
Long-Term Debt126,734116,750106,87597,69487,946254,378214,780243,343
Liabilities181,342176,323170,583185,425177,865459,178368,553406,051
Stockholders' Equity73,64783,04993,626130,542133,537202,492286,166275,034
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue97,699100,241104,90658,706105,947136,665232,179257,495
Cost of Revenue
Gross Profit
R&D
SG&A8,0468,1058,6248,9238,98410,30415,83216,291
Tax6,7267,2477,0322,7105,1662,651-48,22811,696
Net Income10,10011,03111,54639,9996,36247,48887,1316,481
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating20,66820,40519,91416,91414,37217,15128,02124,394
Cash Investing-2,328-3,787-6,655-2,93155-89,62017,523-45,612
Cash Financing-15,390-18,567-10,620-14,022-14,36878,475-51,94720,729