CMLS · As filed with the SEC
Cumulus Media balance sheet, by fiscal year
The statement as Cumulus Media presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED BALANCE SHEETS · USD thousands
| USD thousands | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Jun 4, 2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 81,979 | 63,836 | 80,660 | 107,433 | 177,028 | 271,761 | 15,142 | — |
| Restricted cash | — | — | — | — | — | 0 | 1,865 | — |
| Accounts receivable, less allowance for doubtful accounts of $4,097 and $4,540 at December 31, 2025 and 2024, respectively | 134,136 | 161,986 | 180,706 | 210,254 | 196,934 | 201,275 | 242,599 | — |
| Trade receivable | 7,251 | 2,854 | 1,495 | 2,044 | 1,898 | 1,986 | 2,790 | — |
| Assets held for sale | — | — | — | — | — | 0 | 87,000 | — |
| Prepaid expenses and other current assets | 19,481 | 19,375 | 24,036 | 25,540 | 30,656 | 27,942 | 31,285 | — |
| Total current assets | 242,847 | 248,051 | 286,897 | 345,271 | 406,516 | 502,964 | 380,681 | — |
| Property and equipment, net | 120,765 | 161,271 | 180,596 | 190,107 | 191,520 | 208,692 | 232,934 | — |
| Operating lease right-of-use assets | 102,387 | 102,183 | 118,646 | 135,236 | 142,937 | 157,568 | 143,436 | — |
| Broadcast licenses | 407,908 | 518,165 | 741,716 | 807,544 | 823,905 | 825,590 | — | — |
| Other intangible assets, net | 59,782 | 76,957 | 95,913 | 115,751 | 138,390 | 144,387 | 164,383 | — |
| Successor Company | — | — | — | — | — | — | — | 0 |
| Deferred income tax assets | — | — | 0 | 5,972 | 6,356 | 7,779 | — | — |
| Other assets | 7,271 | 12,022 | 16,533 | 9,150 | 7,758 | 12,758 | 9,408 | — |
| Total assets | 940,960 | 1,118,649 | 1,440,301 | 1,609,031 | 1,717,382 | 1,859,738 | 1,761,332 | — |
| Liabilities and Stockholders' Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable and accrued expenses | 104,133 | 105,025 | 114,072 | 114,826 | 109,669 | 94,128 | 97,527 | — |
| Current portion of operating lease liabilities | 27,456 | 26,323 | 27,515 | 27,970 | 28,395 | 28,121 | 34,462 | — |
| Trade payable | 2,480 | 2,430 | 2,152 | 2,812 | 1,750 | 1,537 | 2,323 | — |
| Current portion of debt | 23,870 | — | — | — | 0 | 5,250 | — | — |
| Term Loan Due 2022 | — | — | — | — | — | — | 0 | — |
| Term Loan Due 2026 | — | — | — | — | — | 5,250 | 5,250 | — |
| Term Loan Due 2022 | — | — | — | — | — | — | 0 | — |
| Term Loan Due 2026 | — | — | — | — | — | — | 5,250 | — |
| Total current liabilities | 157,939 | 133,778 | 143,739 | 145,608 | 139,814 | 129,036 | 139,562 | — |
| 2020 revolving credit facility | — | — | — | — | 0 | 60,000 | — | — |
| Term Loan Due 2022 | — | — | — | — | — | — | 0 | — |
| Term Loan Due 2026 | — | — | — | — | — | 460,311 | 1,023,688 | — |
| Term Loan Due 2026 | — | — | — | — | — | 469,411 | 513,431 | — |
| Senior Notes | — | — | — | — | — | — | 493,062 | — |
| Term Loan Due 2022 | — | — | — | — | — | — | 0 | — |
| Term Loan Due 2026 | — | — | — | — | — | — | 523,688 | — |
| 6.75% senior notes, net of debt issuance costs of $5,486 and $6,938 at December 31, 2020 and 2019, respectively | — | — | — | — | — | 447,350 | — | — |
| Term loan due 2026, net of debt issuance costs of $1,223 and $1,785 at December 31, 2023 and 2022, respectively | — | — | 328,287 | 336,667 | 353,836 | — | — | — |
| 6.75% senior notes, net of debt issuance costs of $2,108 and $3,138 at December 31, 2023 and 2022, respectively | — | — | 344,137 | 377,789 | 445,088 | — | — | — |
| Term Loan Due 2026 | — | — | 328,300 | 336,700 | — | — | — | — |
| Long-term debt | 694,808 | 669,041 | — | — | — | — | 1,006,493 | — |
| Term Loan Due 2022 | — | — | — | — | — | — | 0 | — |
| Operating lease liabilities | 96,104 | 99,343 | 113,141 | 119,925 | 125,638 | 129,273 | 111,184 | — |
| Liabilities, Noncurrent | — | — | — | — | — | 222,802 | — | — |
| Financing liabilities, net | — | — | 205,890 | 212,993 | 219,649 | — | — | — |
| Financing liabilities, net | 176,194 | 199,691 | — | — | — | — | — | — |
| Other liabilities | 7,436 | 7,520 | 6,200 | 6,991 | 13,860 | 13,375 | 27,839 | — |
| Liabilities subject to compromise | — | — | — | — | — | — | — | 2,647,110 |
| Deferred income tax liabilities | 0 | 2,325 | 12,325 | 653 | — | 0 | 21,038 | — |
| Total liabilities | 1,132,481 | 1,111,698 | 1,153,719 | 1,200,626 | 1,297,885 | 1,462,147 | 1,306,116 | — |
| Stockholders' equity: | ||||||||
| Class A Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Class B Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Treasury stock, at cost, 230,310 and 174,222 shares at December 31, 2021 and 2020, respectively | — | — | — | — | (2,977) | (2,414) | (1,171) | — |
| Treasury stock, at cost, 5,815,111 and 5,481,216 shares at December 31, 2025 and 2024, respectively | (47,107) | (46,833) | (45,747) | (36,533) | — | — | — | — |
| Additional paid-in-capital | 360,945 | 358,441 | 353,732 | 348,462 | 342,233 | 337,042 | 333,705 | — |
| Accumulated deficit | (505,359) | (304,657) | (21,403) | 96,476 | 80,241 | 62,963 | 122,682 | — |
| Total stockholders' (deficit) equity | (191,521) | 6,951 | 286,582 | 408,405 | 419,497 | 397,591 | 455,216 | — |
| Successor Company | — | — | — | — | — | — | — | 325,000 |
| Total liabilities and stockholders' (deficit) equity | 940,960 | 1,118,649 | 1,440,301 | 1,609,031 | 1,717,382 | 1,859,738 | 1,761,332 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.