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)

9/30/2019
TTM
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 investments  10313132733
Cash and cash equivalents  10313132733
Restricted cash and investments  98810 
Receivables(5)(5)235232243248265
Disposal group, including discontinued operation   304515 
Assets held-for-sale, not part of disposal group88    
Prepaid expense and other current assets69
Other undisclosed current assets  4639319011
Total current assets:83(5)394440359371377
Noncurrent Assets
Property, plant and equipment  192162169221255
Long-term investments and receivables     17 
Long-term investments     17 
Intangible assets, net (including goodwill), including:1,0161721,2871,6571,7531,8401,912
Goodwill  1351357031,2541,257
Intangible assets, net (excluding goodwill)1,0161721,3701,7731,9272,0841,912
Other undisclosed intangible assets, net (including goodwill)  (218)(252)(878)(1,497)(1,257)
Other noncurrent assets  20194059 
Prepaid expense and other noncurrent assets70
Deferred tax assets, net   (416)(508)(501)
Other undisclosed noncurrent assets  1351351,1191,7451,757
Total noncurrent assets:1,0161721,6341,9732,6663,3753,493
TOTAL ASSETS:1,1001672,0272,4133,0253,7453,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  3696118152147
Accounts payable  214112913
Accrued liabilities  19131718 
Employee-related liabilities   29222320
Taxes payable    2107
Interest and dividends payable    88 
Other undisclosed accounts payable and accrued liabilities  15405763106
Debt      6
Customer advances and deposits   6
Other undisclosed current liabilities   54(2)4
Total current liabilities:  36101123156156
Noncurrent Liabilities
Long-term debt and lease obligation   1,7801,8151,8751,986
Long-term debt, excluding current maturities   1,7801,8151,8751,986
Liabilities, other than long-term debt  0419461563580
Deferred tax liabilities, net  388416508501
Other liabilities  031455580
Other undisclosed noncurrent liabilities  2,687604610610635
Total noncurrent liabilities:  2,6872,8042,8863,0483,201
Total liabilities:  2,7232,9043,0093,2043,358
Stockholders' equity
Stockholders' equity attributable to parent, including:  (696)(492)16542513
Treasury stock, value  (229)(229)(229)(232)(251)
Additional paid in capital  1,6261,6251,6201,6011,604
Accumulated deficit  (2,094)(1,888)(1,377)(830)(842)
Other undisclosed stockholders' equity attributable to parent  00332
Total stockholders' equity:  (696)(492)16542513
TOTAL LIABILITIES AND EQUITY:  2,0272,4133,0253,7453,870

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues
(Revenue, Net)
  1,1361,1411,1691,2631,027
Cost of revenue
(Cost of Goods and Services Sold)
  (11)(13)(10)(7)(4)
Gross profit:  1,1251,1291,1591,2561,023
Operating expenses(13) (1,346)(1,550)(1,647)(1,102)(839)
Other undisclosed operating income  11131073
Operating income (loss):(13) (210)(409)(479)162187
Nonoperating expense  (160)(128)(114)(140)(212)
Interest and debt expense  (1)813(146)(212)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes36 1(8)(13)146212
Income (loss) from continuing operations before income taxes:23 (370)(537)(592)22(25)
Income tax expense (benefit)11 1642646(10)68
Income (loss) from continuing operations:34 (207)(511)(546)1244
Income from discontinued operations      132
Net income (loss) attributable to parent:34 (207)(511)(546)12176
Preferred stock dividends and other adjustments      (11)
Net income (loss) available to common stockholders, diluted:34 (207)(511)(546)12165

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):34 (207)(511)(546)12176
Comprehensive income (loss), net of tax, attributable to parent:34 (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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