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)

12/31/2020
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 investments6000000
Cash and cash equivalents6000000
Receivables26323436383838
Inventory, net of allowances, customer advances and progress billings0111111
Inventory0111111
Prepaid expense7677666
Assets held-for-sale, not part of disposal group30 4  
Other undisclosed current assets333 101210
Total current assets:46424447565754
Noncurrent Assets
Finance lease, right-of-use asset00
Operating lease, right-of-use asset4855
Property, plant and equipment7988979910310599
Long-term investments and receivables1100000
Accounts and financing receivable, after allowance for credit loss1100000
Intangible assets, net (including goodwill)34836941540403637
Goodwill24242726262525
Intangible assets, net (excluding goodwill)32434538813141112
Deferred costs     33
Other noncurrent assets3443332
Other undisclosed noncurrent assets000384389394387
Total noncurrent assets:479517515526535541529
TOTAL ASSETS:525558559573590597583
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25232223292525
Accounts payable2322553
Accrued liabilities1191012161113
Employee-related liabilities10888889
Taxes payable1100000
Interest and dividends payable1111000
Deferred revenue129
Debt59209  2
Deferred rent credit000
Deferred revenue and credits1091318
Contract with customer, liability12
Other undisclosed current liabilities912  16(4)
Total current liabilities:51535342394440
Noncurrent Liabilities
Long-term debt and lease obligation, including:262271234250261271276
Long-term debt, excluding current maturities214216     
Finance lease, liability00
Operating lease, liability4854
Other undisclosed long-term debt and lease obligation  234250261271276
Liabilities, other than long-term debt7765040667264
Deferred revenue and credits651411
Deferred revenue22
Contract with customer, liability1
Deferred rent credit4413
Deferred tax liabilities, net3534615749
Deferred income tax liabilities69 
Other liabilities2100014
Other undisclosed noncurrent liabilities 39 9101 
Total noncurrent liabilities:338316284299337344339
Total liabilities:389369337342376388379
Stockholders' equity
Stockholders' equity attributable to parent, including:135190222231214210204
Treasury stock, value(34)(34)(34)(34)(34)(34)(34)
Additional paid in capital247247245245244242240
Retained earnings (accumulated deficit)(78)23102042(3)
Other undisclosed stockholders' equity attributable to parent0(46)00000
Total stockholders' equity:135190222231214210204
TOTAL LIABILITIES AND EQUITY:525558559573590597583

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
Revenues236254263264274266267
Revenue, net264274266267
Cost of revenue(201)(212)(214)(214)(220)(214)(20)
Cost of goods and services sold(14)(16)(18)(17)(17)(18)(19)
Gross profit:354249505552247
Operating expenses(43)(50)(32)(27)(26)(19)(218)
Operating income (loss):(8)(8)1723283329
Nonoperating income (expense)(0)0(0)(0)021
Investment income, nonoperating0000010
Other nonoperating income (expense)(0)0(0)(0)001
Interest and debt expense(16)(16)(18)(19)(15)(15)(16)
Income (loss) from continuing operations before equity method investments, income taxes:(24)(24)(1)3131913
Other undisclosed income (loss) from continuing operations before income taxes   00(1)(3)
Income (loss) from continuing operations before income taxes:(24)(24)(1)4131810
Income tax expense (benefit)(30)(4)(2)21(5)(7)(5)
Income (loss) from continuing operations:(54)(28)(3)259115
Income (loss) from discontinued operations  (5)   0
Income (loss) before gain (loss) on sale of properties:(54)(28)(8)259116
Other undisclosed net income  5    
Net income (loss):(54)(28)(3)259116
Other undisclosed net loss attributable to parent      (0)
Net income (loss) available to common stockholders, diluted:(54)(28)(3)259115

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):(54)(28)(3)259116
Comprehensive income (loss), net of tax, attributable to parent:(54)(28)(3)259116

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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