Cumulus media inc (CMLS)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net revenue

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Broadcast revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,011,941

862,113

642,484

463,252

308,615

253,022

0

0

0

Management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,600

868

1,697

2,792

3,729

4,271

0

0

0

Net revenue

-

-

-

-

-

-

-

-

-

-

1,141,342

1,140,238

1,136,900

-

1,150,684

1,153,989

1,166,130

1,168,679

1,189,101

1,213,545

1,242,458

1,263,423

1,209,634

1,158,284

1,100,343

1,026,138

960,566

973,381

984,116

1,002,272

1,013,541

862,981

644,181

466,044

312,344

257,293

0

0

0

Operating expenses:
Content costs

0

-

-

-

0

-

-

-

-

-

406,644

425,671

429,515

-

422,297

401,778

395,664

396,426

403,382

415,127

425,910

433,596

391,975

350,960

311,413

264,871

-50,266

45,915

152,406

244,082

622,488

534,458

400,993

284,921

187,032

153,738

0

0

0

Selling, general and administrative expenses

0

-

-

-

0

-

-

-

-

-

474,615

472,709

470,063

-

479,384

477,559

478,247

477,327

467,270

471,572

471,413

470,441

464,393

443,731

425,236

403,381

0

0

0

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

0

-

-

-

0

-

-

-

-

-

66,854

73,603

80,452

-

93,546

97,136

99,891

102,105

104,762

108,358

111,705

115,275

116,792

115,263

113,796

112,511

112,068

119,693

128,289

135,575

140,134

115,920

81,489

48,730

17,139

8,505

0

0

0

Local marketing agreement fees

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Local marketing agreement fees

-

-

-

-

-

-

-

-

-

-

10,610

10,374

10,143

-

12,895

12,929

13,019

10,129

9,554

9,060

8,136

7,195

6,649

5,237

4,327

3,716

3,106

3,425

3,572

3,465

3,406

3,008

2,683

2,425

2,278

2,112

0

0

0

Corporate expenses

0

-

-

-

0

-

-

-

-

-

38,401

37,508

38,449

-

47,220

71,513

72,595

73,403

83,425

63,928

70,696

76,428

79,527

76,528

65,006

59,830

44,482

45,704

54,764

57,438

75,312

106,987

99,324

90,761

66,602

27,027

0

0

0

Loss on sale or disposal of assets or stations

0

-

-

-

0

-

-

-

-

-

1,125

95,056

98,306

-

95,091

1,020

-2,042

-2,856

-721

-291

-15

1,342

1,294

6,119

5,532

3,685

3,662

-1,536

0

-

0

0

-

-

-

-

-

-

-

Impairment of assets held for sale

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on exchange of assets or stations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,217

0

0

0

-

-

Gain on derivative instrument

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,852

3,308

3,609

662

12

-2,060

0

0

-

0

-

-

-

-

Impairment of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized loss on derivative instrument

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

Total operating expenses

0

-

-

-

0

-

-

-

-

-

1,599,148

1,527,958

1,535,281

-

962,067

1,645,603

1,646,406

1,647,194

1,654,062

1,069,392

1,087,875

1,101,593

1,058,862

986,592

913,132

838,772

887,348

898,390

937,945

945,335

856,147

776,745

588,670

415,988

261,200

178,575

0

0

0

Operating income

0

-

-

-

0

-

-

-

-

-

-457,806

-387,720

-398,381

-

188,617

-491,614

-480,276

-478,515

-464,961

144,153

154,583

161,830

150,772

171,692

187,211

187,366

73,218

74,991

46,171

56,937

157,394

86,236

55,511

50,056

51,144

78,718

0

0

0

Non-operating expense:
Reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

0

-

-

-

0

-

-

-

-

-

138,480

138,074

138,216

-

139,488

140,250

141,176

141,679

142,240

143,196

144,252

145,533

153,703

162,558

170,287

178,274

183,346

187,601

193,023

199,574

169,682

129,103

0

-

0

0

-

-

0

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Interest income

0

-

-

-

0

-

-

-

-

-

235

340

445

-

390

273

160

433

770

1,100

1,415

1,388

1,333

1,345

0

-

0

0

-

-

-

-

-

-

-

-

0

-

0

Gain (Loss) on Extinguishment of Debt

0

-

-

-

0

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

-

0

-

-

-

Other expense, net

0

-

-

-

0

-

-

-

-

-

377

1,295

1,402

-

3,202

2,169

14,546

14,205

12,968

13,562

4,782

4,338

3,914

3,332

-654

-302

-2,688

-2,773

-2,454

-2,479

146

278

0

-

0

0

-

0

0

Gain on equity investment in Cumulus Media Partners, LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Total non-operating expense, net

0

-

-

-

0

-

-

-

-

-

-130,914

-128,422

-128,352

-

-122,674

-124,586

-113,248

-113,819

-128,502

-128,534

-138,055

-139,807

-178,538

-188,019

-204,251

-212,217

-191,387

-196,035

-196,963

-203,539

-202,232

-159,936

-123,879

-79,658

-35,233

-34,889

0

0

0

(Loss) income before income taxes

0

-

0

-

573,738

568,372

0

0

0

-

-588,720

-516,142

-526,733

-

65,934

-616,209

-593,524

-592,334

-593,454

15,628

16,528

22,023

-27,766

-16,327

-17,040

-24,851

-118,169

-121,044

-150,792

-146,602

-44,838

-73,700

-68,368

-29,602

15,911

43,829

0

0

0

Income tax benefit

20,899

22,263

-28,038

-29,538

-189,238

-189,153

0

0

0

-

-44,593

-17,062

-23,047

-

37,584

-56,059

-44,616

-45,840

-54,929

9,434

7,505

10,254

-80,844

-77,357

-78,047

-68,464

7,238

-11,932

-24,803

-34,670

34,515

-22,516

-21,300

-11,259

-67,248

3,322

0

0

0

(Loss) income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,613

-125,407

-109,112

-125,989

-111,932

0

0

0

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Income from discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132,470

65,770

98,483

96,402

79,203

44,222

17,116

0

-

0

0

-

-

-

Net Income (Loss) Attributable to Parent

0

-

-

-

0

-

-

-

-

-

-544,127

-499,080

-503,686

-

28,359

-560,141

-548,908

-546,494

-538,534

6,185

9,023

11,769

159,341

163,838

175,802

176,083

-59,637

-10,629

-29,587

-32,729

38,920

42,413

35,611

63,860

86,729

39,495

0

0

0

Less: dividends declared and accretion of redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,676

14,343

15,248

18,884

21,432

18,147

12,873

0

-

0

0

-

-

-

(Loss) income attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

165,407

-73,980

-25,877

-48,471

-54,161

14,576

22,961

22,950

56,899

0

0

0

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.47

-0.02

0.06

0.10

0.28

0.14

0.06

0.01

-

0.06

0.05

-

-

-

Basic: Earnings per share (USD per share)

-0.36

-

-

-

0.02

-

-

-

-

-

0.04

0.19

-0.25

-

1.58

0.04

-0.49

-

-18.57

0.05

-

-

-

-

-

0.71

0.01

0.11

-0.07

-0.46

0.24

0.01

-0.12

-0.39

0.78

0.03

0.38

0.23

0.29

Income from discontinued operations per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.46

-0.02

0.06

0.10

0.28

0.14

0.06

0.01

-

0.06

0.05

-

-

-

Diluted: Earnings per share (USD per share)

-0.36

-

-

-

0.02

-

-

-

-

-

0.04

0.19

-0.25

-

1.58

0.04

-0.49

-

-18.57

0.05

-

-

-

-

-

0.70

0.01

0.11

-0.07

-0.46

0.24

0.01

-0.12

-0.32

0.72

0.03

0.37

0.23

0.29

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.06

-

0.24

0.03

0.05

-0.17

-0.74

0.10

-0.05

-0.13

-

0.72

-0.02

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.06

-

0.24

0.03

0.05

-0.17

-0.74

0.10

-0.05

-0.13

-

0.66

-0.02

-

-

-

Weighted Average Number of Shares Outstanding, Basic

20,225

-

-

-

20,047

-

-

-

-

-

29,306

29,306

29,306

-

29,275

29,291

29,256

-

29,194

233,278

-

-

231,885

224,456

-

203,672

179,669

176,481

174,748

-326,719,821

169,510,007

157,710,861

149,369

141,931

60,295

40,762

40,572

40,371

40,327

Weighted Average Number of Shares Outstanding, Diluted

20,225

-

-

-

20,209

-

-

-

-

-

29,306

29,306

29,306

-

29,275

29,336

29,256

-

29,194

233,486

-

-

233,222

229,069

-

209,945

183,131

179,553

174,748

-333,562,081

176,352,267

157,710,861

149,369

134,378

66,740

40,762

41,679

41,466

41,468

Basic and diluted loss per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.05

-

-

-

-0.04

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average basic and diluted common shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

233,125

-

-

-

215,703

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Successor Company
Net revenue

-

-

1,232,159

1,233,605

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Content costs

-

-

407,355

436,484

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative expenses

-

-

469,381

505,871

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

55,559

62,195

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

57,808

66,906

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

55,843

47,621

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of assets held for sale

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

942,750

1,027,787

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

-

-

194,405

205,818

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non operating, Reorganizational Gains (Losses)

-

-

-

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

88,240

94,065

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

37

48

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-

-

17

-3,158

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-operating expense, net

-

-

-87,604

-96,593

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income tax expense

-

-

106,801

109,225

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

-

-

3,434

4,488

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-

-

108,347

104,737

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic: Earnings per share (USD per share)

-

-

0.81

2.13

-

-

0.88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted: Earnings per share (USD per share)

-

-

0.81

2.11

-

-

0.88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

-

-

20,164

20,125

-

-

20,009

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

-

-

20,216

-

-

-

20,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Predecessor Company
Net revenue

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Content costs

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative expenses

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of assets held for sale

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non operating, Reorganizational Gains (Losses)

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-operating expense, net

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income tax expense

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic: Earnings per share (USD per share)

-

-

-

-

-

-

0.64

23.90

-0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted: Earnings per share (USD per share)

-

-

-

-

-

-

0.63

23.90

-0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

-

-

-

-

-

-

20,005

29,338

29,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

-

-

-

-

-

-

20,070

29,338

29,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-