Cumulus Media Inc
NASDAQ:CMLS
Income Statement
Earnings Waterfall
Cumulus Media Inc
Revenue
|
844.5m
USD
|
Cost of Revenue
|
-331.4m
USD
|
Gross Profit
|
513.2m
USD
|
Operating Expenses
|
-487.5m
USD
|
Operating Income
|
25.7m
USD
|
Other Expenses
|
-143.5m
USD
|
Net Income
|
-117.9m
USD
|
Income Statement
Cumulus Media Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 026
N/A
|
1 100
+7%
|
1 158
+5%
|
1 210
+4%
|
1 263
+4%
|
1 242
-2%
|
1 214
-2%
|
1 189
-2%
|
1 169
-2%
|
1 166
0%
|
1 154
-1%
|
1 151
0%
|
1 141
-1%
|
1 137
0%
|
1 140
+0%
|
1 141
+0%
|
1 136
0%
|
1 135
0%
|
1 130
0%
|
1 125
0%
|
1 140
+1%
|
1 144
+0%
|
1 139
0%
|
1 137
0%
|
1 113
-2%
|
1 074
-4%
|
940
-12%
|
856
-9%
|
816
-5%
|
790
-3%
|
869
+10%
|
910
+5%
|
917
+1%
|
947
+3%
|
959
+1%
|
955
0%
|
954
0%
|
927
-3%
|
901
-3%
|
875
-3%
|
845
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(265)
|
(312)
|
(351)
|
(392)
|
(434)
|
(426)
|
(415)
|
(403)
|
(396)
|
(396)
|
(402)
|
(422)
|
(428)
|
(430)
|
(426)
|
(407)
|
(403)
|
(401)
|
(395)
|
(397)
|
(403)
|
(401)
|
(408)
|
(407)
|
(406)
|
(390)
|
(362)
|
(346)
|
(337)
|
(339)
|
(356)
|
(361)
|
(359)
|
(360)
|
(360)
|
(356)
|
(358)
|
(355)
|
(345)
|
(339)
|
(331)
|
|
Gross Profit |
761
N/A
|
789
+4%
|
807
+2%
|
818
+1%
|
830
+1%
|
817
-2%
|
798
-2%
|
786
-2%
|
772
-2%
|
771
0%
|
752
-2%
|
729
-3%
|
714
-2%
|
708
-1%
|
715
+1%
|
735
+3%
|
733
0%
|
734
+0%
|
736
+0%
|
728
-1%
|
738
+1%
|
744
+1%
|
731
-2%
|
730
0%
|
708
-3%
|
683
-3%
|
578
-15%
|
510
-12%
|
479
-6%
|
451
-6%
|
513
+14%
|
549
+7%
|
558
+2%
|
587
+5%
|
599
+2%
|
598
0%
|
596
0%
|
572
-4%
|
555
-3%
|
536
-4%
|
513
-4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(579)
|
(607)
|
(642)
|
(667)
|
(669)
|
(662)
|
(653)
|
(665)
|
(663)
|
(664)
|
(659)
|
(633)
|
(613)
|
(599)
|
(594)
|
(590)
|
(610)
|
(604)
|
(610)
|
(603)
|
(581)
|
(590)
|
(574)
|
(572)
|
(575)
|
(548)
|
(513)
|
(492)
|
(472)
|
(462)
|
(484)
|
(487)
|
(492)
|
(497)
|
(495)
|
(494)
|
(494)
|
(492)
|
(491)
|
(491)
|
(488)
|
|
Selling, General & Administrative |
(467)
|
(495)
|
(526)
|
(551)
|
(554)
|
(550)
|
(545)
|
(560)
|
(561)
|
(564)
|
(562)
|
(540)
|
(526)
|
(519)
|
(521)
|
(524)
|
(548)
|
(546)
|
(554)
|
(548)
|
(525)
|
(532)
|
(516)
|
(516)
|
(523)
|
(497)
|
(463)
|
(441)
|
(420)
|
(409)
|
(431)
|
(434)
|
(438)
|
(444)
|
(441)
|
(439)
|
(438)
|
(434)
|
(432)
|
(432)
|
(429)
|
|
Depreciation & Amortization |
(113)
|
(114)
|
(115)
|
(117)
|
(115)
|
(112)
|
(108)
|
(105)
|
(102)
|
(100)
|
(97)
|
(94)
|
(87)
|
(81)
|
(74)
|
(67)
|
(62)
|
(58)
|
(56)
|
(55)
|
(56)
|
(59)
|
(58)
|
(56)
|
(53)
|
(51)
|
(50)
|
(52)
|
(52)
|
(53)
|
(53)
|
(53)
|
(54)
|
(54)
|
(54)
|
(55)
|
(56)
|
(58)
|
(59)
|
(59)
|
(58)
|
|
Operating Income |
182
N/A
|
182
0%
|
166
-9%
|
150
-9%
|
161
+7%
|
155
-4%
|
146
-6%
|
121
-17%
|
109
-9%
|
107
-2%
|
93
-13%
|
95
+2%
|
101
+5%
|
108
+8%
|
120
+11%
|
144
+20%
|
123
-15%
|
130
+6%
|
125
-4%
|
126
+0%
|
157
+25%
|
153
-2%
|
158
+3%
|
158
+1%
|
133
-16%
|
135
+2%
|
65
-52%
|
18
-73%
|
7
-62%
|
(11)
N/A
|
29
N/A
|
62
+115%
|
66
+7%
|
89
+35%
|
103
+16%
|
104
+1%
|
102
-2%
|
81
-21%
|
65
-19%
|
45
-30%
|
26
-43%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(164)
|
(158)
|
(150)
|
(142)
|
(132)
|
(131)
|
(130)
|
(129)
|
(129)
|
(129)
|
(128)
|
(127)
|
(126)
|
(126)
|
(126)
|
(126)
|
(116)
|
(85)
|
(59)
|
(49)
|
(50)
|
(72)
|
(86)
|
(82)
|
(77)
|
(71)
|
(65)
|
(62)
|
(60)
|
(61)
|
(62)
|
(63)
|
(64)
|
(63)
|
(62)
|
(61)
|
(63)
|
(64)
|
(65)
|
(67)
|
(67)
|
|
Non-Reccuring Items |
(31)
|
(30)
|
(24)
|
(29)
|
1
|
0
|
(1)
|
(586)
|
(575)
|
(574)
|
(571)
|
107
|
(501)
|
(499)
|
(500)
|
(595)
|
(366)
|
(399)
|
97
|
98
|
466
|
497
|
35
|
37
|
34
|
17
|
(26)
|
(29)
|
(17)
|
(17)
|
(11)
|
8
|
23
|
23
|
25
|
5
|
(18)
|
(9)
|
(11)
|
(1)
|
(57)
|
|
Total Other Income |
(12)
|
(12)
|
(8)
|
(7)
|
(8)
|
(7)
|
1
|
1
|
2
|
2
|
(10)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(9)
|
(6)
|
(6)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(8)
|
(4)
|
(9)
|
(8)
|
(8)
|
(9)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
|
Pre-Tax Income |
(25)
N/A
|
(17)
+31%
|
(16)
+4%
|
(28)
-71%
|
22
N/A
|
17
-25%
|
16
-5%
|
(593)
N/A
|
(592)
+0%
|
(594)
0%
|
(616)
-4%
|
66
N/A
|
(537)
N/A
|
(527)
+2%
|
(516)
+2%
|
(589)
-14%
|
(370)
+37%
|
(362)
+2%
|
157
N/A
|
168
+7%
|
568
+238%
|
574
+1%
|
102
-82%
|
107
+5%
|
84
-22%
|
74
-11%
|
(34)
N/A
|
(78)
-130%
|
(79)
-2%
|
(96)
-22%
|
(53)
+45%
|
(1)
+98%
|
20
N/A
|
45
+124%
|
63
+39%
|
45
-28%
|
20
-57%
|
5
-74%
|
(13)
N/A
|
(25)
-90%
|
(101)
-296%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
68
|
78
|
77
|
81
|
(10)
|
(8)
|
(9)
|
55
|
46
|
45
|
56
|
(38)
|
26
|
23
|
17
|
45
|
72
|
66
|
248
|
248
|
189
|
189
|
(2)
|
(3)
|
(22)
|
(21)
|
8
|
20
|
19
|
22
|
9
|
1
|
(3)
|
(7)
|
(10)
|
(11)
|
(3)
|
(9)
|
(1)
|
6
|
(17)
|
|
Income from Continuing Operations |
44
|
61
|
61
|
53
|
12
|
9
|
6
|
(539)
|
(547)
|
(549)
|
(560)
|
28
|
(511)
|
(504)
|
(499)
|
(544)
|
(298)
|
(296)
|
405
|
416
|
758
|
763
|
100
|
103
|
61
|
53
|
(26)
|
(58)
|
(60)
|
(74)
|
(44)
|
(1)
|
17
|
38
|
53
|
34
|
16
|
(4)
|
(14)
|
(20)
|
(118)
|
|
Net Income (Common) |
160
N/A
|
161
+1%
|
153
-5%
|
154
+1%
|
11
-93%
|
9
-25%
|
6
-28%
|
(539)
N/A
|
(547)
-1%
|
(549)
0%
|
(560)
-2%
|
28
N/A
|
(511)
N/A
|
(504)
+1%
|
(499)
+1%
|
(544)
-9%
|
(207)
+62%
|
(204)
+1%
|
496
N/A
|
508
+2%
|
758
+49%
|
763
+1%
|
100
-87%
|
103
+4%
|
61
-41%
|
53
-13%
|
(26)
N/A
|
(58)
-124%
|
(60)
-3%
|
(74)
-24%
|
(44)
+41%
|
(1)
+99%
|
17
N/A
|
38
+121%
|
53
+38%
|
34
-36%
|
16
-52%
|
(4)
N/A
|
(14)
-223%
|
(20)
-41%
|
(118)
-490%
|
|
EPS (Diluted) |
0.73
N/A
|
0.72
-1%
|
0.66
-8%
|
0.66
N/A
|
0.05
-92%
|
0.03
-40%
|
0.02
-33%
|
-2.31
N/A
|
-2.34
-1%
|
-2.35
0%
|
-2.79
-19%
|
0.96
N/A
|
-17.45
N/A
|
-17.19
+1%
|
-17.05
+1%
|
-18.56
-9%
|
-7.05
+62%
|
-6.96
+1%
|
24.44
N/A
|
25.25
+3%
|
37.5
+49%
|
37.77
+1%
|
4.91
-87%
|
5.11
+4%
|
3.02
-41%
|
2.64
-13%
|
-1.26
N/A
|
-2.85
-126%
|
-2.94
-3%
|
-3.65
-24%
|
-2.15
+41%
|
-0.02
+99%
|
0.83
N/A
|
1.85
+123%
|
2.56
+38%
|
1.79
-30%
|
0.81
-55%
|
-0.24
N/A
|
-0.78
-225%
|
-1.21
-55%
|
-6.83
-464%
|