Cumulus Media Inc. (CMLS) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15 10313132733
Cash and cash equivalents15 10313132733
Restricted cash and investments  98810 
Receivables243(5)235232243248265
Disposal group, including discontinued operation87  304515 
Prepaid expense and other current assets69
Other undisclosed current assets36 4639319011
Total current assets:381(5)394440359371377
Noncurrent Assets
Operating lease, right-of-use asset143
Property, plant and equipment233 192162169221255
Long-term investments and receivables     17 
Long-term investments     17 
Intangible assets, net (including goodwill), including: 1721,2871,6571,7531,8401,912
Goodwill  1351357031,2541,257
Intangible assets, net (excluding goodwill) 1721,3701,7731,9272,0841,912
Other undisclosed intangible assets, net (including goodwill)  (218)(252)(878)(1,497)(1,257)
Other noncurrent assets9 20194059 
Prepaid expense and other noncurrent assets70
Deferred tax assets, net   (416)(508)(501)
Other undisclosed noncurrent assets995 1351351,1191,7451,757
Total noncurrent assets:1,3811721,6341,9732,6663,3753,493
TOTAL ASSETS:1,7611672,0272,4133,0253,7453,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:98 3696118152147
Accounts payable1 214112913
Accrued liabilities39 19131718 
Employee-related liabilities   29222320
Taxes payable    2107
Interest and dividends payable    88 
Other undisclosed accounts payable and accrued liabilities57 15405763106
Debt35     6
Customer advances and deposits   6
Other undisclosed current liabilities7  54(2)4
Total current liabilities:140 36101123156156
Noncurrent Liabilities
Long-term debt and lease obligation1,006  1,7801,8151,8751,986
Long-term debt, excluding current maturities1,006  1,7801,8151,8751,986
Liabilities, other than long-term debt49 0419461563580
Deferred tax liabilities, net  388416508501
Deferred income tax liabilities21
Other liabilities28 031455580
Other undisclosed noncurrent liabilities111 2,687604610610635
Total noncurrent liabilities:1,167 2,6872,8042,8863,0483,201
Total liabilities:1,306 2,7232,9043,0093,2043,358
Stockholders' equity
Stockholders' equity attributable to parent, including:455 (696)(492)16542513
Treasury stock, value(1) (229)(229)(229)(232)(251)
Additional paid in capital334 1,6261,6251,6201,6011,604
Retained earnings (accumulated deficit)123 (2,094)(1,888)(1,377)(830)(842)
Other undisclosed stockholders' equity attributable to parent  00332
Total stockholders' equity:455 (696)(492)16542513
TOTAL LIABILITIES AND EQUITY:1,761 2,0272,4133,0253,7453,870

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,113 1,1361,1411,1691,2631,027
Revenue, net1,1361,1411,1691,2631,027
Cost of revenue
(Cost of Goods and Services Sold)
(4) (11)(13)(10)(7)(4)
Gross profit:1,110 1,1251,1291,1591,2561,023
Operating expenses(947) (1,346)(1,550)(1,647)(1,102)(839)
Other undisclosed operating income4 11131073
Operating income (loss):166 (210)(409)(479)162187
Nonoperating expense(83) (160)(128)(114)(140)(212)
Interest and debt expense0 (1)813(146)(212)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0) 1(8)(13)146212
Income (loss) from continuing operations before income taxes:84 (370)(537)(592)22(25)
Income tax expense (benefit)(22) 1642646(10)68
Income (loss) from continuing operations:61 (207)(511)(546)1244
Income from discontinued operations      132
Net income (loss) attributable to parent:61 (207)(511)(546)12176
Preferred stock dividends and other adjustments      (11)
Net income (loss) available to common stockholders, diluted:61 (207)(511)(546)12165

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):61 (207)(511)(546)12176
Comprehensive income (loss), net of tax, attributable to parent:61 (207)(511)(546)12176

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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