Cumulus Media Inc. (CMLS) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17727215 10313132
Cash and cash equivalents17727215 10313132
Restricted cash and investments    988
Receivables197201243(5)235232243
Disposal group, including discontinued operation  87  3045
Other undisclosed current assets333036 463931
Total current assets:407503381(5)394440359
Noncurrent Assets
Operating lease, right-of-use asset143158143
Property, plant and equipment192209233 192162169
Intangible assets, net (including goodwill), including:   1721,2871,6571,753
Goodwill    135135703
Intangible assets, net (excluding goodwill)   1721,3701,7731,927
Other undisclosed intangible assets, net (including goodwill)    (218)(252)(878)
Deferred income tax assets68 
Other noncurrent assets8139 201940
Deferred tax assets, net   (416)
Other undisclosed noncurrent assets962970995 1351351,119
Total noncurrent assets:1,3111,3571,3811721,6341,9732,666
TOTAL ASSETS:1,7171,8601,7611672,0272,4133,025
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1109498 3696118
Accounts payable551 21411
Accrued liabilities404539 191317
Employee-related liabilities37    2922
Taxes payable      2
Interest and dividends payable      8
Other undisclosed accounts payable and accrued liabilities284457 154057
Debt0635    
Other undisclosed current liabilities30297  54
Total current liabilities:140129140 36101123
Noncurrent Liabilities
Long-term debt and lease obligation9251,0971,006  1,7801,815
Long-term debt, excluding current maturities7999681,006  1,7801,815
Finance lease, liability00 
Operating lease, liability126129 
Liabilities, other than long-term debt141349 0419461
Deferred tax liabilities, net  388416
Deferred income tax liabilities  21
Other liabilities141328 03145
Other undisclosed noncurrent liabilities219(888)111 2,687604610
Total noncurrent liabilities:1,1582231,167 2,6872,8042,886
Other undisclosed liabilities 1,110     
Total liabilities:1,2981,4621,306 2,7232,9043,009
Stockholders' equity
Stockholders' equity attributable to parent, including:419398455 (696)(492)16
Treasury stock, value(3)(2)(1) (229)(229)(229)
Additional paid in capital342337334 1,6261,6251,620
Retained earnings (accumulated deficit)8063123 (2,094)(1,888)(1,377)
Other undisclosed stockholders' equity attributable to parent    003
Total stockholders' equity:419398455 (696)(492)16
TOTAL LIABILITIES AND EQUITY:1,7171,8601,761 2,0272,4133,025

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9168161,113 1,1361,1411,169
Revenue, net1,1361,1411,169
Cost of revenue
(Cost of Goods and Services Sold)
  (4) (11)(13)(10)
Gross profit:9168161,110 1,1251,1291,159
Operating expenses(847)(827)(947) (1,346)(1,550)(1,647)
Other undisclosed operating income  4 111310
Operating income (loss):69(11)166 (210)(409)(479)
Nonoperating expense(49)(68)(83) (160)(128)(114)
Interest and debt expense20(68)0 (1)813
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 68(0) 1(8)(13)
Income (loss) from continuing operations before equity method investments, income taxes:40(79)84 (370)(537)(592)
Other undisclosed loss from continuing operations before income taxes(20)      
Income (loss) from continuing operations before income taxes:20(79)84 (370)(537)(592)
Income tax expense (benefit)(3)19(22) 1642646
Net income (loss) attributable to parent:17(60)61 (207)(511)(546)
Undistributed earnings (loss) allocated to participating securities, basic(17)    
Other undisclosed net income available to common stockholders, basic17      
Net income (loss) available to common stockholders, diluted:17(60)61 (207)(511)(546)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):17(60)61 (207)(511)(546)
Comprehensive income (loss), net of tax, attributable to parent:17(60)61 (207)(511)(546)

Statements sources

The financial statements are based on the company's filings with the 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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