Cumulus Media Inc. (CMLS) Financial Statements (2024 and earlier)

Company Profile

Business Address 3280 PEACHTREE ROAD N.W.
ATLANTA, GA 30305
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4832 - Radio Broadcasting Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments92,420118,883107,433118,149108,694181,095
Cash and cash equivalents92,420118,883107,433118,149108,694181,095
Receivables167,013166,024210,254198,448188,802176,328
Other undisclosed current assets27,56329,24127,58440,10438,70440,544
Total current assets:286,996314,148345,271356,701336,200397,967
Noncurrent Assets
Operating lease, right-of-use asset122,922132,504135,236137,022138,819143,071
Property, plant and equipment186,726187,706190,107185,371185,935188,540
Deferred income tax assets6,5604,2935,9724,0715,4416,436
Other noncurrent assets9,2329,7639,1507,5287,5347,259
Other undisclosed noncurrent assets911,101917,614923,295944,613950,283956,613
Total noncurrent assets:1,236,5411,251,8801,263,7601,278,6051,288,0121,301,919
TOTAL ASSETS:1,523,5371,566,0281,609,0311,635,3061,624,2121,699,886
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:103,218106,588114,826109,41299,912105,872
Accounts payable3,5953,2448,1513,1622,9243,040
Accrued liabilities   77,876   
Other undisclosed accounts payable and accrued liabilities99,623103,34428,799106,25096,988102,832
Debt   791   
Other undisclosed current liabilities31,37331,19729,99131,53831,43631,654
Total current liabilities:134,591137,785145,608140,950131,348137,526
Noncurrent Liabilities
Long-term debt and lease obligation886,528919,966716,1751,072,1701,077,4011,132,005
Long-term debt, excluding current maturities676,953708,572714,456735,440737,830786,843
Finance lease, liability209,575211,3941,719214,738216,317217,870
Liabilities, other than long-term debt123,144123,145127,56912,31011,72211,732
Deferred income tax liabilities653653653   
Other liabilities6,2145,6186,99112,31011,72211,732
Operating lease, liability116,277116,874119,925121,992123,254127,292
Other undisclosed noncurrent liabilities   211,274   
Total noncurrent liabilities:1,009,6721,043,1111,055,0181,084,4801,089,1231,143,737
Total liabilities:1,144,2631,180,8961,200,6261,225,4301,220,4711,281,263
Equity
Equity, attributable to parent379,274385,132408,405409,876403,741418,623
Treasury stock, value(45,747)(39,465)(36,533)(33,599)(29,676)(4,453)
Additional paid in capital351,080349,588348,462346,945345,427343,740
Retained earnings73,94175,00996,47696,53087,99079,336
Total equity:379,274385,132408,405409,876403,741418,623
TOTAL LIABILITIES AND EQUITY:1,523,5371,566,0281,609,0311,635,3061,624,2121,699,886

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues210,136205,692251,270233,463236,741232,032
Gross profit:210,136205,692251,270233,463236,741232,032
Operating expenses(206,915)(204,657)(241,797)(205,040)(209,651)(217,229)
Operating income:3,2211,0359,47328,42327,09014,803
Nonoperating expense(9,107)(16,698)(14,488)(15,259)(14,549)(15,888)
Interest and debt expense8,3896172,6202791,597(15,865)
Income (loss) from continuing operations before equity method investments, income taxes:2,503(15,046)(2,395)13,44314,138(16,950)
Other undisclosed income (loss) from continuing operations before income taxes(8,389)(617)(2,620)(279)(1,597)15,865
Income (loss) from continuing operations before income taxes:(5,886)(15,663)(5,015)13,16412,541(1,085)
Income tax expense (benefit)4,818(5,804)4,961(4,624)(3,887)180
Income (loss) from continuing operations:(1,068)(21,467)(54)8,5408,654(905)
Income (loss) before gain (loss) on sale of properties:8,5408,654(905)
Net income (loss) attributable to parent:(1,068)(21,467)(54)8,5408,654(905)
Undistributed earnings (loss) allocated to participating securities, basic1,06821,46754(8,540)(8,654)905
Other undisclosed net income (loss) available to common stockholders, basic(1,068)(21,467)(54)8,5408,654(905)
Net income (loss) available to common stockholders, diluted:(1,068)(21,467)(54)8,5408,654(905)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(1,068)(21,467)(54)8,5408,654(905)
Comprehensive income (loss), net of tax, attributable to parent:(1,068)(21,467)(54)8,5408,654(905)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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