Company Information

  

Address: 73 KERCHEVAL AVE  
City: GROSSE POINTE FARMS 
State: MI 
Zip Code: 48236 
Telephone: 313-886-7070 

Description of Business

Primary SIC Code: 4832
(As filed with the SEC)  

We are a broadcast company primarily engaged in acquiring, developing and operating broadcast properties. On May 9, 2017 we entered into an agreement to sell our Joplin, Missouri and Victoria, Texas television stations and subsequently closed on this transaction on September 1, 2017. The television stations that were sold constituted our entire television segment. The historical results of operations for the television stations are presented as discontinued operations for all periods presented (see Note 3). As a result of the sale of our television stations and those stations being reported as discontinued operations we only have one reportable segment at December 31, 2017. Unless indicated otherwise, the information in the Notes to Consolidated Financial Statements relates to our continuing operations.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20183.980.3009.67
03/20183.850.3009.68
12/20173.771.10010.73
09/20172.720.30016.76
06/20172.880.30015.89
03/20173.150.30016.21
12/20163.090.50016.28
09/20162.880.30015.74

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity1.96Total Liab/Total Assets0.28
Net Inc/Total Assets0.22Total Liab/Inv Cap0.30
Net Inc/Inv Cap0.24Total Liab/Comm Equity2.49
Pretax Inc/Net Sales0.14Interest Coverage Ratio19.08
Net Inc/Net Sales0.46Curr Debt/EquityNA
Cash Flow/Net Sales0.05LTD/Equity0.14
SG&A/NetSales0.10Total Debt/Equity0.14
Asset Utilization   Liquidity  
Net Receivables Turnover6.38Quick Ratio3.64
Inventory TurnoverNACurrent Ratio3.64
Inventory Day SalesNANet Rec/Curr Assets0.25
Net Sales/Work Cap2.14Inv/Curr AssetsNA
Net Sales/PP&E2.10  

Income Statement (Millions)

  6/30/2018 3/31/2018 12/31/2017 9/30/2017
Total Revenues(Net Sales) 32.23 28.01 31.46 30.27
Cost of Goods Sold 23.14 23.40 23.24 21.76
Selling & Admin Exps 3.06 2.29 2.91 3.01
Operating Income 6.03 2.32 3.87 5.51
Interest Exp 0.26 0.22 0.21 0.25
Pretax Income 5.97 2.19 3.66 5.26
Other Income 0.19 0.09 0.00 0.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 4.17 1.53 14.83 33.42

Balance Sheet (Millions)

Assets 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Cash & Short Term Investments 52.91 47.79 53.03 81.04
Receivables - Total 18.56 16.74 19.31 18.88
Inventories - Total NA NA NA NA
Total Current Assets 75.12 68.65 76.17 103.66
Net Property, Plant & Equipment 56.10 56.32 56.24 56.35
Total Assets 246.17 241.08 248.77 277.95
Liabilities        
Accounts Payable 13.28 10.85 19.81 35.40
Debt in Current Liabilities NA NA NA 10.29
Total Current Liabilities 14.92 12.44 20.91 47.37
Long-Term Debt 25.00 25.00 25.00 25.00
Total Liabilities 63.76 61.16 69.30 106.40
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA 0.00 NA
Common Stock 0.08 0.08 0.08 0.08
Retained Earnings 153.75 151.35 151.61 143.31
Treasury Stock -35.11 -34.65 -34.89 -33.99
Total Stockholders' Equity 182.41 179.92 179.47 171.56
Total Liabilities and Stockholders' Equity 246.17 241.08 248.77 277.95

Cash Flow Summary (Millions)

Categories 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Net Cash Provided by Operating Activities 8.82 4.37 -13.30 5.47
Net Cash Provided by Investing Activities -1.40 -1.20 -1.73 45.37
Net Cash Provided by Financing Activities -2.31 -8.40 -12.97 -0.04

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013129.4815.272.60
12/2014134.0014.902.55
12/2015111.7913.412.29
12/2016118.9618.193.09
12/2017118.1554.723.77
Growth Rates-2.2637.589.73

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18494,58491.18




Report Date : 9/24/2018

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