CMLSQ · As filed with the SEC
Cumulus Media cash flow 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 CASH FLOWS · USD thousands
| USD thousands | 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 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net loss | (200,702) | (283,254) | (117,879) | 16,235 | 17,278 | (59,719) | 61,257 | — |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Depreciation and amortization | 54,336 | 59,123 | 58,176 | 56,386 | 53,545 | 52,290 | 52,554 | — |
| Amortization of right of use assets | — | — | — | — | — | 10,888 | 24,053 | — |
| Amortization and write-off of debt issuance costs | — | — | 2,039 | 2,565 | 2,816 | — | — | — |
| Amortization and write-off of debt issuance costs | 1,018 | 1,248 | — | — | — | — | — | — |
| Amortization of debt discount | (5,904) | (3,660) | — | — | — | 3,507 | 894 | — |
| Term Loan Due 2026 | — | — | — | — | — | 3,600 | — | — |
| Provision for doubtful accounts | 3,898 | 2,495 | 3,164 | 3,411 | 547 | 7,776 | 4,077 | — |
| (Gain) loss on sale of assets or stations | (2,616) | 1,368 | (16,064) | (1,537) | (17,616) | 8,761 | (55,403) | — |
| Non-cash reorganization items, net | — | — | — | — | — | — | 0 | — |
| Impairment of assets held for sale | — | — | — | — | — | 0 | (6,165) | — |
| Gain on sale of BMI | 0 | (14,846) | — | — | — | — | — | — |
| Impairment of right-of-use assets | 0 | 2,844 | 11,404 | — | — | — | — | — |
| Change in fair value of contingent consideration | — | 0 | (2,000) | — | — | — | — | — |
| Impairment of intangible assets | 109,829 | 224,481 | 65,312 | 15,544 | 0 | 4,509 | 15,563 | — |
| Impairment charges - Next Radio Investment | — | — | — | — | — | — | 0 | — |
| Impairment of capitalized software development costs | — | — | — | — | 0 | 4,139 | — | — |
| Deferred income taxes | — | — | — | — | — | (28,816) | 8,654 | — |
| Impairment of assets held for sale | 1,420 | — | — | — | — | — | — | — |
| Deferred income taxes | (2,325) | (10,000) | 17,644 | 1,037 | 1,423 | — | — | — |
| Stock-based compensation expense | 2,504 | 4,709 | 5,270 | 6,229 | 5,191 | 3,337 | 5,301 | — |
| Gain on early extinguishment of debt | 0 | (170) | (9,849) | (4,496) | (20,000) | 0 | (381) | — |
| Non-cash interest expense on financing liabilities | 2,981 | 4,024 | 3,918 | 3,721 | 4,055 | 1,624 | — | — |
| Non-cash imputed rental income | (5,005) | (4,929) | (4,782) | (4,643) | (4,501) | (1,117) | — | — |
| Other | — | — | — | — | — | 0 | 9 | — |
| Changes in assets and liabilities (excluding acquisitions and dispositions): | ||||||||
| Accounts receivable | 27,696 | 21,725 | 26,384 | (16,731) | 4,531 | 33,898 | 3,433 | — |
| Trade receivable | (4,397) | (1,359) | 549 | (146) | 88 | 525 | 53 | — |
| Prepaid expenses and other current assets | (545) | 5,169 | 1,560 | 5,320 | (3,804) | 3,102 | (176) | — |
| Operating leases | — | — | — | 1,565 | 11,334 | 18,459 | 4,592 | — |
| Assets held for sale | — | — | — | — | — | (4) | 29 | — |
| Operating leases, net | (2,311) | (1,370) | (2,054) | — | — | — | — | — |
| Other assets | 222 | (1,261) | (8,640) | (2,081) | 3,994 | 4,428 | 5,345 | — |
| Accounts payable and accrued expenses | (1,623) | (11,459) | (2,515) | (285) | 12,596 | (28,145) | (32,067) | — |
| Trade payable | 50 | 278 | (660) | 1,062 | 213 | (786) | (177) | — |
| Other liabilities | 138 | 1,725 | 684 | (4,676) | (3,172) | 3,410 | 495 | — |
| Net cash used in operating activities | (21,336) | (3,119) | 31,661 | 78,480 | 68,518 | 33,210 | 104,270 | — |
| Cash flows from investing activities: | ||||||||
| Proceeds from sale of assets or stations | — | — | — | — | — | 78,700 | 147,058 | — |
| Acquisition | — | — | — | — | — | — | 0 | — |
| Proceeds from sale of assets or stations | 12,378 | 56 | 17,814 | 2,011 | 33,518 | — | — | — |
| Asset acquisition | — | — | — | (135) | (7,000) | — | — | — |
| Asset acquisition | — | — | 0 | — | — | — | — | — |
| Proceeds from sale of BMI | 0 | 14,846 | — | — | — | — | — | — |
| Proceeds from insurance reimbursement | 0 | 331 | 179 | 2,950 | 1,032 | 527 | — | — |
| Capital expenditures | (20,237) | (19,464) | (24,814) | (31,062) | (29,091) | (14,868) | (29,469) | — |
| Net cash used in investing activities | (7,859) | (4,231) | (6,821) | (26,236) | (1,541) | 64,359 | 117,589 | — |
| Cash flows from financing activities: | ||||||||
| Repayments of borrowings | — | — | — | — | — | — | (1,242,918) | — |
| Borrowings under term loan due 2026 | — | — | — | — | — | — | 525,000 | — |
| Repayment of borrowings under term loan due 2026 | — | — | — | — | — | — | (1,313) | — |
| Adequate protection payments on predecessor term loan | — | — | — | — | — | — | 0 | — |
| Term Loan Due 2022 | — | — | — | — | — | 0 | — | — |
| Term Loan Due 2026 | — | — | — | — | — | (54,277) | — | — |
| Borrowings under term loan due 2026 | — | — | — | — | — | 0 | — | — |
| Repayment of borrowings under Term Loan due 2026 | — | 0 | (7,900) | (17,471) | (113,171) | — | — | — |
| Repayment of borrowings under Senior Notes due 2026 | 0 | (330) | (25,861) | (64,589) | (3,141) | — | — | — |
| Term Loan Due 2026 | — | — | — | — | — | (47,164) | — | — |
| Repayments of borrowings under the 2020 revolving credit facility | — | — | — | 0 | (60,000) | — | — | — |
| Proceeds from PPP loans | — | — | — | 0 | 20,000 | — | — | — |
| Treasury stock purchases | — | 0 | (7,788) | (31,856) | — | — | — | — |
| Payment of contingent consideration | — | 0 | (2,000) | (1,000) | (3,000) | — | — | — |
| Borrowings under the 2020 revolving credit facility | 55,000 | — | — | — | 0 | 60,000 | — | — |
| Proceeds from issuance of 6.75% senior notes | — | — | — | — | — | 0 | 500,000 | — |
| Financing costs on Revolving Credit Agreement | 0 | (275) | — | — | 0 | (493) | (12,883) | — |
| Shares returned in lieu of tax payments | (274) | (1,086) | (1,426) | (1,700) | (563) | (1,243) | (1,171) | — |
| Transaction costs for financing liability | — | — | — | — | — | (3,152) | — | — |
| Transaction costs for financing liability | — | — | — | 0 | (7) | — | — | — |
| Proceeds from financing liability | — | — | — | 0 | 2,635 | 205,442 | — | — |
| Repayments of financing liabilities | (6,272) | (6,697) | (5,801) | (4,936) | (4,183) | (1,590) | — | — |
| Repayments of finance lease obligations | — | — | — | (287) | (280) | (338) | (1,605) | — |
| Repayments of finance lease obligations | (1,116) | (1,086) | (837) | — | — | — | — | — |
| Net cash provided by (used in) financing activities | 47,338 | (9,474) | (51,613) | (121,839) | (161,710) | 157,185 | (234,890) | — |
| Increase (decrease) in cash and cash equivalents | 18,143 | (16,824) | (26,773) | (69,595) | (94,733) | 254,754 | (13,031) | — |
| Cash and cash equivalents at beginning of period | 63,836 | 80,660 | 107,433 | 177,028 | 271,761 | 17,007 | 30,038 | — |
| Cash and cash equivalents at end of period | 81,979 | 63,836 | 80,660 | 107,433 | 177,028 | 271,761 | 17,007 | 30,038 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.