Salem media group, inc. /de/ (SALM)
Income statement / TTM
Dec'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
Total net revenue

253,898

256,453

257,865

259,457

262,783

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net broadcast revenue

-

-

-

-

-

-

-

-

-

-

200,355

201,075

202,016

201,902

200,301

199,390

197,184

195,000

193,795

193,864

194,094

196,401

194,170

192,066

188,544

187,703

187,583

186,930

187,640

182,026

180,924

179,958

178,731

176,436

177,114

0

0

0

Net digital media revenue

-

-

-

-

-

-

-

-

-

-

46,272

46,453

46,777

45,399

44,528

44,980

44,761

43,975

44,350

45,170

45,691

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Internet revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Net publishing revenue

-

-

-

-

-

-

-

-

-

-

26,432

27,198

25,528

25,472

24,163

24,136

23,842

23,612

26,559

27,014

26,751

25,604

18,816

14,832

13,234

0

0

0

-

-

-

-

-

-

-

-

-

-

Total net revenue

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Internet revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

24,220

22,246

0

0

0

Net publishing revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

11,841

11,757

0

0

0

Total net revenue

-

-

-

-

-

-

-

-

-

-

-

274,726

274,321

272,773

268,992

268,506

265,787

262,587

264,704

266,048

266,536

263,283

252,151

243,650

236,934

234,790

233,033

230,523

229,179

225,689

223,473

221,287

218,166

212,497

211,117

0

0

0

Operating expenses:
Broadcast operating expenses, exclusive of depreciation and amortization shown below (including $547 and $574 for the three months ended June 30, 2017 and 2018, respectively, and $1,114 and $1,135 for the six months ended June 30, 2017 and 2018, respectively, paid to related parties)

-

-

-

-

-

-

-

-

-

-

146,029

145,969

146,283

145,632

143,736

143,052

140,819

140,285

139,149

139,777

139,206

142,162

138,607

133,636

129,857

127,483

127,264

126,939

126,514

119,717

118,287

116,822

115,482

113,994

113,780

0

0

0

Digital media operating expenses, exclusive of depreciation and amortization shown below

-

-

-

-

-

-

-

-

-

-

35,719

35,968

36,290

35,798

35,256

35,404

35,380

34,849

35,237

35,740

35,590

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Internet operating expenses exclusive of depreciation and amortization shown below

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

23,290

22,545

21,977

20,889

19,889

18,755

0

0

0

Publishing operating expenses, exclusive of depreciation and amortization shown below

-

-

-

-

-

-

-

-

-

-

26,297

27,612

26,209

26,793

25,739

25,225

24,774

24,008

25,294

25,634

26,143

24,571

19,620

16,263

14,280

14,164

13,843

13,391

13,339

11,885

11,795

11,566

11,475

11,503

11,398

0

0

0

Unallocated corporate expenses, exclusive of depreciation and amortization shown below (including $198 and $135 for the years ended December 31, 2018 and 2019, respectively, paid to related parties)

15,940

16,134

15,938

15,636

15,686

15,010

15,256

15,051

16,255

16,249

16,163

15,906

14,994

15,868

15,418

15,368

15,146

15,378

15,561

16,019

17,092

13,162

14,233

15,349

16,081

15,921

15,613

15,325

14,396

18,777

18,419

17,819

17,503

17,194

16,626

0

0

0

Depreciation

11,297

11,487

11,775

11,958

12,034

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

4,637

5,201

5,658

6,010

6,192

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

12,193

12,205

11,999

12,159

12,237

12,417

12,560

12,565

12,672

12,629

12,572

12,520

12,455

12,448

12,506

12,500

12,435

12,343

12,272

12,288

12,368

12,520

12,524

12,557

0

0

0

Amortization

-

-

-

-

-

-

-

-

-

-

-

5,070

5,071

5,023

5,012

5,138

5,324

5,503

5,703

5,917

6,196

5,405

4,570

3,729

2,814

2,755

2,554

2,408

2,304

2,241

2,380

2,521

2,451

2,422

2,278

0

0

0

Change in the estimated fair value of contingent earn-out consideration

-

0

-

-

-

-

0

-

-23

-285

-469

-560

-689

-1,381

-1,788

-1,961

-1,715

-972

176

725

734

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of indefinite-lived long-term assets other than goodwill

-

0

-

-

-

-

-

-

19

7,060

7,060

7,060

7,041

0

0

0

-

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Impairments based on the estimated fair value goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Net (gain) loss on the disposition of assets

-22,326

-21,465

-3,161

-8,672

-4,653

-8,715

-9,569

-3,905

-3,905

303

855

2,046

1,901

1,983

1,529

-202

-181

-193

-189

-497

-251

30

48

385

264

534

-78

-222

-49

-753

-198

-203

4,153

4,325

4,375

0

0

0

Total operating expenses

262,099

262,646

243,296

249,146

245,817

244,986

246,161

238,725

240,762

245,319

247,328

247,912

246,243

238,888

235,142

235,104

232,765

231,883

233,953

237,060

237,920

231,924

220,665

210,368

202,401

199,728

198,466

201,381

198,689

194,543

191,520

183,276

176,167

173,201

171,019

0

0

0

Operating income (loss)

-8,201

-6,193

14,569

10,311

16,966

17,820

16,550

23,826

22,974

21,901

25,731

26,814

28,078

33,885

33,850

33,402

33,022

30,704

30,751

28,988

28,616

31,359

31,486

33,282

34,533

35,062

34,567

29,142

30,490

31,146

31,953

38,011

41,999

39,296

40,098

0

0

0

Other income (expense):
Interest income

2

2

4

4

5

5

4

5

4

5

5

6

6

6

8

8

8

8

7

31

45

59

73

62

68

75

83

96

106

273

306

332

344

202

191

0

0

0

Interest expense

17,496

17,755

17,852

18,235

18,328

18,329

18,624

17,794

16,706

15,842

14,766

14,572

14,938

15,103

15,277

15,421

15,429

15,585

15,824

16,018

15,993

15,666

15,297

14,948

16,892

19,336

21,693

24,238

24,911

25,327

26,026

26,826

27,665

28,560

29,510

0

0

0

Change in the fair value of interest rate swap

-

-

-

-

-

-

-

-

357

1,967

2,823

2,400

285

-112

-2,478

-1,611

-1,273

-3,765

-1,209

-3,026

-2,702

-791

-2,870

2,510

3,177

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on early retirement of long-term debt

1,670

660

0

0

-

-

0

-

-2,775

-2,830

-2,848

-119

-87

-32

-14

-9

-41

-406

-424

-424

-391

-29

-27

-82

-27,795

-28,685

0

0

-

-

0

-

-

0

0

-

-

-

Loss on early retirement of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net miscellaneous income and (expenses)

163

21

22

-84

-10

-12

-93

-5

-80

0

0

0

-

0

-

194

201

21

592

606

665

655

87

78

18

23

79

78

79

51

-6

-22

-40

-7

-10

0

0

0

Net loss from operations before income taxes

-23,862

-23,085

-2,417

-6,930

-719

-282

-1,929

3,298

3,774

5,215

11,046

14,630

13,445

20,201

17,640

17,920

17,845

10,977

13,893

10,157

10,240

15,587

13,452

20,902

-6,891

-9,618

-11,357

-24,160

4,676

4,476

4,255

9,326

12,469

9,536

8,629

0

0

0

Provision for income taxes

3,977

3,302

2,758

-3,232

2,473

-22,508

-22,902

-21,114

-20,870

-43

3,550

5,050

4,572

9,045

6,599

6,712

6,695

5,044

6,294

4,818

4,765

13,476

9,750

4,588

-4,192

-12,255

-12,067

-9,216

153

937

2,434

4,641

6,110

3,860

3,944

0

0

0

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,699

-6,033

-7,960

-14,944

4,523

3,539

1,821

4,685

6,359

0

0

0

-

-

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-37

-27

-55

-64

-95

-674

-839

-811

-741

0

0

0

-

-

Net loss

-27,839

-26,387

-5,175

-3,698

-3,192

22,226

20,973

24,412

24,644

5,258

7,496

9,580

8,873

11,156

11,041

11,208

11,150

5,933

7,599

5,339

5,475

10,770

12,350

16,288

-2,736

-6,060

-8,015

-15,008

4,428

2,865

982

3,874

5,618

5,515

4,728

0

0

0

Basic loss per share data:
Earnings (loss) per share from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.23

0.21

0.20

-0.75

0.08

0.13

-0.07

0.04

0.05

0.07

0.04

0.10

-

-

Earnings (loss) per share from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-0.02

-0.01

0.00

0.00

-

-

Basic loss per share Class A and Class B common stock

-0.17

-0.75

-0.14

0.01

-0.12

0.05

-0.08

0.03

0.85

0.00

0.05

0.04

0.12

0.08

0.13

0.01

0.20

0.08

0.14

0.01

0.00

0.14

0.05

0.02

0.23

0.21

0.20

-0.75

0.09

0.13

-0.07

0.03

0.01

0.06

0.05

0.11

0.01

0.03

Diluted loss per share data:
Earnings (loss) per share from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.23

0.21

0.20

-0.75

0.08

0.13

-0.07

0.04

0.05

0.07

0.04

0.10

-

-

Earnings (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-0.02

-0.01

0.00

0.00

-

-

Diluted loss per share Class A and Class B common stock

-0.17

-0.75

-0.14

0.01

-0.12

0.05

-0.08

0.03

0.85

0.00

0.05

0.04

0.12

0.08

0.13

0.01

0.20

0.08

0.14

0.01

0.00

0.14

0.05

0.02

0.23

0.21

0.20

-0.75

0.09

0.13

-0.07

0.03

0.03

0.06

0.04

0.10

0.01

0.03

Distributions per share Class A and Class B common stock

-

-

-

-

-

-

-

-

0.05

0.07

0.07

0.07

0.06

0.07

0.13

0.00

0.06

0.07

0.07

0.06

0.06

0.06

0.06

0.06

0.11

0.00

0.05

0.05

0.03

0.03

0.04

0.04

-

-

-

-

-

-

Basic weighted average Class A and Class B shares outstanding

26,683

26,616

26,525

26,186

26,186

26,183

26,177

26,171

26,166

26,144

26,062

25,901

25,826

25,815

25,551

25,485

25,471

25,459

25,429

25,346

25,573

25,536

25,172

25,064

25,255

25,126

24,737

24,632

24,726

24,663

24,356

24,564

24,554

24,546

24,279

24,520

24,357

23,819

Diluted weighted average Class A and Class B shares outstanding

26,676

26,616

26,525

26,193

25,924

26,312

26,177

26,304

26,713

26,144

26,593

26,290

26,101

26,183

26,052

25,802

25,893

25,907

25,829

25,921

26,226

26,265

25,950

25,881

23,573

25,921

25,624

24,632

25,479

25,358

24,356

24,753

24,737

24,746

24,491

24,759

24,822

24,542

Broadcast [Member]
Total net revenue

193,339

193,931

195,064

196,545

198,502

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

149,439

149,929

149,777

149,313

148,614

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Digital Media [Member]
Total net revenue

39,165

40,893

42,141

42,441

42,595

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

30,801

31,492

32,231

32,980

33,296

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Publishing [Member]
Total net revenue

21,394

21,629

20,660

20,471

21,686

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

22,348

22,189

21,882

21,631

22,396

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-