Cumulus media inc (CMLS)
Income statement / Yearly
Dec'19Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net revenue

1,113,445

-

-

-

-

-

-

-

-

-

Broadcast revenues

-

-

-

-

-

-

-

463,252

232,494

252,048

Management fees

-

-

-

-

-

-

-

2,792

4,146

4,000

Net revenue

-

-

-

1,168,679

1,263,423

1,026,138

1,002,272

466,044

236,640

256,048

Operating expenses:
Content costs

405,653

-

-

396,426

433,596

264,871

244,082

284,921

143,717

165,676

Selling, general and administrative expenses

461,218

-

-

477,327

470,441

403,381

378,802

-

-

-

Depreciation and amortization

52,554

-

-

102,105

115,275

112,511

135,575

48,730

8,214

11,136

Local marketing agreement fees

3,500

-

-

-

-

-

-

-

-

-

Local marketing agreement fees

-

-

-

10,129

7,195

3,716

3,465

2,425

2,054

2,332

Corporate expenses

57,988

-

-

73,403

76,428

59,830

57,438

90,761

18,519

20,699

Loss on sale or disposal of assets or stations

55,403

-

-

-2,856

1,342

3,685

0

-

-

-

Gain on exchange of assets or stations

-

-

-

-

-

-

-

14,217

-

7,204

Gain on derivative instrument

-

-

-

-

-

1,852

12

-3,368

-1,957

-

Impairment of assets held for sale

6,165

-

-

565,584

0

0

-

-

-

174,950

Impairment of intangible assets

15,563

-

-

19,364

0

0

-

-

-

-

Realized loss on derivative instrument

-

-

-

-

-

-

-

-

-

3,640

Impairment of intangible assets

-

-

-

-

-

-

125,985

0

671

-

Total operating expenses

947,238

-

-

1,647,194

1,101,593

838,772

945,335

415,988

175,132

371,229

Operating income

166,207

-

-

-478,515

161,830

187,366

56,937

50,056

61,508

-115,181

Non-operating expense:
Reorganization items, net

0

-

-

0

-

-

-

-

-

-

Interest expense

82,916

-

-

141,679

145,533

178,274

199,574

86,989

30,307

-

Interest expense, net

-

-

-

-

-

-

-

-

-

34,050

Interest income

25

-

-

433

1,388

1,293

946

-

-

61

Gain (Loss) on Extinguishment of Debt

381

-

-

13,222

0

-34,934

-2,432

-4,366

-

-

Terminated transaction expense

-

-

-

-

-

-

-

-

-7,847

-

Other expense, net

-177

-

-

14,205

4,338

-302

-2,479

61

108

-136

Gain on equity investment in Cumulus Media Partners, LLC

-

-

-

-

-

-

-

11,636

-

-

Total non-operating expense, net

-82,687

-

-

-113,819

-139,807

-212,217

-203,539

-79,658

-38,046

-34,125

(Loss) income before income taxes

83,520

-

-

-592,334

22,023

-24,851

-146,602

-29,602

23,462

-149,306

Income tax benefit

22,263

-

-

-45,840

10,254

-68,464

-34,670

-11,259

1,505

-22,604

(Loss) income from continuing operations

-

-

-

-

-

43,613

-111,932

-18,343

21,957

-

Income from discontinued operations, net of taxes

-

-

-

-

-

132,470

79,203

82,203

7,445

-

Net Income (Loss) Attributable to Parent

61,257

-

-

-546,494

11,769

176,083

-32,729

63,860

29,402

-126,702

Less: dividends declared and accretion of redeemable preferred stock

-

-

-

-

-

10,676

21,432

6,961

-

-

(Loss) income attributable to common shareholders

-

-

-

-

-

165,407

-54,161

56,899

29,402

-126,702

Earnings Per Share [Abstract]
Income from discontinued operations per share

-

-

-

-

-

0.61

0.49

1.16

0.18

-

Basic: Earnings per share (USD per share)

3.04

-

-

-

-

0.76

-0.33

0.80

0.70

-3.13

Income from discontinued operations per share

-

-

-

-

-

0.60

0.49

1.16

0.17

-

Diluted: Earnings per share (USD per share)

3.02

-

-

-

-

0.75

-0.33

0.80

0.68

-3.13

Basic: Income (loss) per share (usd per share)

-

-

-

-18.72

0.40

0.15

-0.82

-0.36

0.52

-

Diluted: Income (loss) per share (usd per share)

-

-

-

-18.72

0.40

0.15

-0.82

-0.36

0.51

-

Weighted Average Number of Shares Outstanding, Basic

20,130

-

-

29,176

28,267

183,642

162,603

70,890

40,341

40,426

Weighted Average Number of Shares Outstanding, Diluted

20,284

-

-

29,176

28,620

186,844

162,603

70,890

41,189

40,426

Predecessor Company
Net revenue

-

1,135,662

1,141,400

-

-

-

-

-

-

-

Content costs

-

409,213

432,077

-

-

-

-

-

-

-

Selling, general and administrative expenses

-

471,300

468,603

-

-

-

-

-

-

-

Depreciation and amortization

-

62,239

87,267

-

-

-

-

-

-

-

Corporate expenses (including stock-based compensation expense of $1,492, and $1,131, respectively, and restructuring costs of $1,764 and $2,738 respectively)

-

59,062

40,148

-

-

-

-

-

-

-

(Gain) loss on sale or disposal of assets or stations

-

2,499

95,695

-

-

-

-

-

-

-

Total operating expenses

-

1,346,108

1,550,189

-

-

-

-

-

-

-

Operating income

-

-210,446

-408,789

-

-

-

-

-

-

-

Interest expense

-

126,952

138,634

-

-

-

-

-

-

-

Interest income

-

136

493

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-1,063

8,017

-

-

-

-

-

-

-

Other income (expense), net

-

-363

2,039

-

-

-

-

-

-

-

Total non-operating expense, net

-

-159,845

-128,085

-

-

-

-

-

-

-

Income before income tax expense

-

-370,291

-536,874

-

-

-

-

-

-

-

Income tax expense

-

-163,726

-26,154

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-

-206,565

-510,720

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

-

29,306

29,270

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

-

29,306

29,270

-

-

-

-

-

-

-

Predecessor [Member]
Goodwill and Intangible Asset Impairment

-

335,909

604,965

-

-

-

-

-

-

-

Reorganization Items

-

31,603

0

-

-

-

-

-

-

-

Basic: Income (loss) per share (usd per share)

-

-7.05

-17.45

-

-

-

-

-

-

-

Diluted: Income (loss) per share (usd per share)

-

-7.05

-17.45

-

-

-

-

-

-

-