Cumulus Media Inc. (CMLS) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27215 103131327
Cash and cash equivalents27215 103131327
Restricted cash and investments   98810
Receivables201243(5)235232243248
Disposal group, including discontinued operation 87  304515
Other undisclosed current assets3036 46393190
Total current assets:503381(5)394440359371
Noncurrent Assets
Operating lease, right-of-use asset158143
Property, plant and equipment209233 192162169221
Long-term investments and receivables      17
Long-term investments      17
Intangible assets, net (including goodwill), including:  1721,2871,6571,7531,840
Goodwill   1351357031,254
Intangible assets, net (excluding goodwill)  1721,3701,7731,9272,084
Other undisclosed intangible assets, net (including goodwill)   (218)(252)(878)(1,497)
Deferred income tax assets8 
Other noncurrent assets139 20194059
Deferred tax assets, net   (416)(508)
Other undisclosed noncurrent assets970995 1351351,1191,745
Total noncurrent assets:1,3571,3811721,6341,9732,6663,375
TOTAL ASSETS:1,8601,7611672,0272,4133,0253,745
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9498 3696118152
Accounts payable51 2141129
Accrued liabilities4539 19131718
Employee-related liabilities    292223
Taxes payable     210
Interest and dividends payable     88
Other undisclosed accounts payable and accrued liabilities4457 15405763
Debt635     
Customer advances and deposits   6
Other undisclosed current liabilities297  54(2)
Total current liabilities:129140 36101123156
Noncurrent Liabilities
Long-term debt and lease obligation1,0971,006  1,7801,8151,875
Long-term debt, excluding current maturities9681,006  1,7801,8151,875
Finance lease, liability0 
Operating lease, liability129 
Liabilities, other than long-term debt1349 0419461563
Deferred tax liabilities, net  388416508
Deferred income tax liabilities 21
Other liabilities1328 0314555
Other undisclosed noncurrent liabilities(888)111 2,687604610610
Total noncurrent liabilities:2231,167 2,6872,8042,8863,048
Other undisclosed liabilities1,110      
Total liabilities:1,4621,306 2,7232,9043,0093,204
Stockholders' equity
Stockholders' equity attributable to parent, including:398455 (696)(492)16542
Treasury stock, value(2)(1) (229)(229)(229)(232)
Additional paid in capital337334 1,6261,6251,6201,601
Retained earnings (accumulated deficit)63123 (2,094)(1,888)(1,377)(830)
Other undisclosed stockholders' equity attributable to parent   0033
Total stockholders' equity:398455 (696)(492)16542
TOTAL LIABILITIES AND EQUITY:1,8601,761 2,0272,4133,0253,745

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8161,113 1,1361,1411,1691,263
Revenue, net1,1361,1411,1691,263
Cost of revenue
(Cost of Goods and Services Sold)
 (4) (11)(13)(10)(7)
Gross profit:8161,110 1,1251,1291,1591,256
Operating expenses(827)(947) (1,346)(1,550)(1,647)(1,102)
Other undisclosed operating income 4 1113107
Operating income (loss):(11)166 (210)(409)(479)162
Nonoperating expense(68)(83) (160)(128)(114)(140)
Interest and debt expense(68)0 (1)813(146)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes68(0) 1(8)(13)146
Income (loss) from continuing operations before income taxes:(79)84 (370)(537)(592)22
Income tax expense (benefit)19(22) 1642646(10)
Net income (loss) available to common stockholders, diluted:(60)61 (207)(511)(546)12

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(60)61 (207)(511)(546)12
Comprehensive income (loss), net of tax, attributable to parent:(60)61 (207)(511)(546)12

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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