Salem Media Group, Inc. (SALM) financial statements (2021 and earlier)

Company profile

Business Address 4880 SANTA ROSA RD
CAMARILLO, CA 93012
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 investments0000000
Cash and cash equivalents0000000
Receivables32343638383838
Inventory, net of allowances, customer advances and progress billings111111
Inventory111111 
Prepaid expense6776664
Disposal group, including discontinued operation      0
Assets held-for-sale, not part of disposal group0 4  
Assets held-for-sale2
Other undisclosed current assets33 1012108
Total current assets:42444756575451
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset55
Property, plant and equipment8897991031059999
Long-term investments and receivables1000002
Accounts and financing receivable, after allowance for credit loss1000002
Intangible assets, net (including goodwill)3694154040363731
Goodwill24272626252522
Intangible assets, net (excluding goodwill)345388131411129
Deferred costs    334
Other noncurrent assets4433322
Assets held-for-sale, long lived2
Other undisclosed noncurrent assets00384389394387384
Total noncurrent assets:517515526535541529524
TOTAL ASSETS:558559573590597583575
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23222329252519
Accounts payable3225534
Accrued liabilities910121611138
Employee-related liabilities8888897
Taxes payable1000000
Interest and dividends payable111000 
Deferred revenue9
Debt9209  23
Deferred rent credit00
Deferred revenue and credits109131810
Contract with customer, liability12
Other undisclosed current liabilities12  16(4)0
Total current liabilities:53534239444032
Noncurrent Liabilities
Long-term debt and lease obligation, including:271234250261271276288
Long-term debt, excluding current maturities216      
Finance lease, liability0
Operating lease, liability54
Other undisclosed long-term debt and lease obligation 234250261271276288
Liabilities, other than long-term debt6504066726454
Deferred revenue and credits65141110
Deferred revenue2
Contract with customer, liability1
Deferred rent credit413
Deferred tax liabilities, net353461574943
Other liabilities1000140
Other undisclosed noncurrent liabilities39 9101  
Total noncurrent liabilities:316284299337344339342
Total liabilities:369337342376388379373
Stockholders' equity
Stockholders' equity attributable to parent, including:190222231214210204202
Treasury stock, value(34)(34)(34)(34)(34)(34)(34)
Additional paid in capital247245245244242240238
Retained earnings (accumulated deficit)23102042(3)(2)
Other undisclosed stockholders' equity attributable to parent(46)000000
Total stockholders' equity:190222231214210204202
TOTAL LIABILITIES AND EQUITY:558559573590597583575

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
Revenues254263264274266267237
Revenue, net264274266267237
Cost of revenue(212)(214)(214)(220)(214)(20)(16)
Cost of goods and services sold(16)(18)(17)(17)(18)(19)(15)
Gross profit:4249505552247220
Operating expenses(50)(32)(27)(26)(19)(218)(186)
Operating income (loss):(8)172328332935
Nonoperating income (expense)0(0)(0)0210
Investment income, nonoperating0000100
Other nonoperating income (expense)0(0)(0)0010
Interest and debt expense(16)(18)(19)(15)(15)(16)(45)
Income (loss) from continuing operations before equity method investments, income taxes:(24)(1)3131913(10)
Other undisclosed income (loss) from continuing operations before income taxes  00(1)(3)3
Income (loss) from continuing operations before income taxes:(24)(1)4131810(7)
Income tax expense (benefit)(4)(2)21(5)(7)(5)4
Income (loss) from continuing operations:(28)(3)259115(3)
Income (loss) from discontinued operations (5)   0(0)
Income (loss) before gain (loss) on sale of properties:(28)(8)259116(3)
Other undisclosed net income 5     
Net income (loss):(28)(3)259116(3)
Other undisclosed net loss attributable to parent     (0) 
Net income (loss) available to common stockholders, diluted:(28)(3)259115(3)

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):(28)(3)259116(3)
Comprehensive income (loss), net of tax, attributable to parent:(28)(3)259116(3)

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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