CMLSQ · As filed with the SEC
Cumulus Media income statement, 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 STATEMENTS OF OPERATIONS · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | Year ended Dec 31, 2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Net revenue | 741,695 | 827,076 | 844,548 | 953,506 | 916,467 | 816,218 | 1,113,445 | — |
| Operating expenses: | ||||||||
| Content costs | 271,341 | 324,245 | 331,359 | 357,478 | 358,691 | 337,078 | 405,653 | — |
| Selling, general & administrative expenses | 378,058 | 376,836 | 377,032 | 383,375 | 376,832 | 367,695 | 461,218 | — |
| Depreciation and amortization | 54,336 | 59,123 | 58,176 | 56,386 | 53,545 | 52,290 | 52,554 | — |
| Local marketing agreement fees | — | — | — | — | — | — | 3,500 | — |
| Local marketing agreement fees | — | — | — | 44 | 1,075 | 3,149 | — | — |
| Corporate expenses | 67,464 | 80,687 | 70,011 | 62,427 | 74,824 | 49,199 | 57,988 | — |
| (Gain) loss on sale or disposal of assets or stations | (2,616) | 1,368 | (16,064) | (1,537) | (17,616) | 8,761 | (55,403) | — |
| Impairment of assets held for sale | — | — | — | — | — | — | 6,165 | — |
| Impairment of intangible assets | — | — | — | — | — | — | 15,563 | — |
| Impairment of capitalized software development costs | — | — | — | — | 0 | 4,139 | — | — |
| Impairment of intangible assets | — | — | — | — | 0 | 4,509 | — | — |
| Impairment of assets held for sale | 1,420 | — | — | — | — | 0 | — | — |
| Impairment of intangible assets | 109,829 | 224,481 | 65,312 | 15,544 | — | — | — | — |
| Total operating expenses | 879,832 | 1,066,740 | 885,826 | 873,717 | 847,351 | 826,820 | 947,238 | — |
| Operating loss | (138,137) | (239,664) | (41,278) | 79,789 | 69,116 | (10,602) | 166,207 | — |
| Non-operating expense: | ||||||||
| Reorganization items, net | — | — | — | — | — | — | 0 | — |
| Interest expense | — | — | (71,269) | (64,890) | (67,847) | (68,099) | (82,916) | — |
| Interest expense | (65,228) | (68,775) | — | — | — | — | — | — |
| Interest income | 995 | 531 | 2,359 | — | — | 6 | 25 | — |
| Gain on early extinguishment of debt | 0 | 170 | 9,849 | 4,496 | 20,000 | 0 | 381 | — |
| Other (expense) income, net | (108) | 14,719 | (357) | 210 | (1,009) | (273) | (177) | — |
| Total non-operating expense, net | (64,341) | (53,355) | (59,418) | (60,184) | (48,856) | (68,366) | (82,687) | — |
| (Loss) income before income taxes | — | — | — | — | — | (78,968) | 83,520 | — |
| Loss before income taxes | (202,478) | (293,019) | (100,696) | 19,605 | 20,260 | — | — | — |
| Income tax benefit | 1,776 | 9,765 | (17,183) | (3,370) | (2,982) | 19,249 | (22,263) | — |
| Net loss | (200,702) | (283,254) | (117,879) | 16,235 | 17,278 | (59,719) | 61,257 | — |
| Basic and diluted loss per common share (see Note 12, "Loss Per Share"): | ||||||||
| Basic: Loss per share (in USD per share) | (11.55) | (16.79) | (6.83) | 0.83 | 0.84 | (2.94) | 3.04 | — |
| Diluted: Loss per share (in USD per share) | (11.55) | (16.79) | (6.83) | 0.81 | 0.83 | (2.94) | 3.02 | — |
| Weighted average basic common shares outstanding (in shares) | 17,382,088 | 16,874,263 | 17,269,001 | 19,560,257 | 20,482,547 | 20,317,064 | 20,130,835 | — |
| Weighted average diluted common shares outstanding (in shares) | 17,382,088 | 16,874,263 | 17,269,001 | 20,023,291 | 20,932,782 | 20,317,064 | 20,284,137 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.