Salem Media Group Inc
NASDAQ:SALM
Income Statement
Earnings Waterfall
Salem Media Group Inc
Revenue
|
261.6m
USD
|
Cost of Revenue
|
-229.9m
USD
|
Gross Profit
|
31.7m
USD
|
Operating Expenses
|
-31.6m
USD
|
Operating Income
|
100k
USD
|
Other Expenses
|
-45.9m
USD
|
Net Income
|
-45.8m
USD
|
Income Statement
Salem Media Group Inc
Sep-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
235
N/A
|
237
+1%
|
244
+3%
|
252
+3%
|
263
+4%
|
267
+1%
|
266
0%
|
265
-1%
|
263
-1%
|
266
+1%
|
269
+1%
|
269
+0%
|
273
+1%
|
274
+1%
|
275
+0%
|
273
-1%
|
267
-2%
|
264
-1%
|
263
0%
|
263
+0%
|
263
+0%
|
263
0%
|
259
-1%
|
258
-1%
|
256
-1%
|
254
-1%
|
252
-1%
|
240
-5%
|
236
-1%
|
236
0%
|
237
+0%
|
248
+5%
|
254
+2%
|
258
+2%
|
262
+1%
|
266
+2%
|
267
+0%
|
267
0%
|
268
+0%
|
265
-1%
|
262
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(162)
|
(170)
|
(178)
|
(188)
|
(199)
|
(201)
|
(206)
|
(204)
|
(204)
|
(201)
|
(204)
|
(205)
|
(208)
|
(209)
|
(210)
|
(208)
|
(205)
|
(204)
|
(202)
|
(204)
|
(203)
|
(204)
|
(204)
|
(204)
|
(204)
|
(203)
|
(204)
|
(199)
|
(195)
|
(195)
|
(191)
|
(196)
|
(199)
|
(203)
|
(207)
|
(212)
|
(217)
|
(220)
|
(227)
|
(229)
|
(230)
|
|
Gross Profit |
73
N/A
|
67
-8%
|
66
-2%
|
64
-3%
|
64
+0%
|
66
+2%
|
60
-8%
|
60
+0%
|
59
-3%
|
65
+10%
|
65
+0%
|
64
-1%
|
65
+0%
|
66
+1%
|
65
0%
|
65
0%
|
62
-5%
|
60
-3%
|
60
0%
|
59
-2%
|
60
+1%
|
59
-2%
|
56
-5%
|
54
-3%
|
53
-2%
|
51
-3%
|
48
-7%
|
41
-15%
|
41
+1%
|
42
+1%
|
46
+11%
|
53
+14%
|
54
+3%
|
56
+2%
|
55
-1%
|
55
-1%
|
50
-8%
|
47
-6%
|
41
-13%
|
36
-13%
|
32
-11%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(36)
|
(31)
|
(32)
|
(32)
|
(32)
|
(37)
|
(31)
|
(29)
|
(28)
|
(31)
|
(31)
|
(31)
|
(32)
|
(32)
|
(33)
|
(33)
|
(33)
|
(33)
|
(32)
|
(33)
|
(33)
|
(34)
|
(34)
|
(33)
|
(33)
|
(32)
|
(32)
|
(31)
|
(30)
|
(30)
|
(30)
|
(30)
|
(30)
|
(30)
|
(31)
|
(31)
|
(32)
|
(31)
|
(31)
|
(32)
|
(32)
|
|
Selling, General & Administrative |
(20)
|
(16)
|
(15)
|
(14)
|
(13)
|
(17)
|
(11)
|
(11)
|
(11)
|
(15)
|
(15)
|
(15)
|
(16)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(15)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(18)
|
|
Depreciation & Amortization |
(15)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(19)
|
(18)
|
(18)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(17)
|
(17)
|
(16)
|
(15)
|
(15)
|
(15)
|
(14)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
|
Other Operating Expenses |
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
37
N/A
|
36
-5%
|
34
-4%
|
32
-7%
|
32
0%
|
29
-10%
|
30
+2%
|
31
+5%
|
31
0%
|
34
+8%
|
34
+1%
|
33
-2%
|
33
-1%
|
34
+3%
|
33
-4%
|
32
-2%
|
29
-10%
|
27
-6%
|
28
+3%
|
26
-6%
|
27
+2%
|
25
-8%
|
22
-11%
|
21
-6%
|
20
-3%
|
20
-3%
|
16
-18%
|
10
-38%
|
11
+12%
|
11
+3%
|
16
+44%
|
23
+38%
|
24
+6%
|
25
+5%
|
24
-5%
|
23
-4%
|
19
-20%
|
16
-14%
|
9
-41%
|
4
-58%
|
0
-97%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(17)
|
(14)
|
(12)
|
(18)
|
(16)
|
(19)
|
(19)
|
(17)
|
(19)
|
(17)
|
(17)
|
(18)
|
(15)
|
(15)
|
(12)
|
(12)
|
(14)
|
(16)
|
(18)
|
(19)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(17)
|
(17)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(15)
|
(11)
|
(10)
|
(9)
|
(9)
|
(13)
|
(14)
|
|
Non-Reccuring Items |
(30)
|
(29)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
2
|
2
|
(6)
|
(6)
|
(9)
|
(10)
|
(7)
|
(7)
|
(9)
|
(8)
|
(7)
|
(10)
|
(5)
|
(25)
|
(26)
|
(40)
|
(40)
|
(22)
|
(19)
|
(2)
|
(2)
|
19
|
31
|
33
|
36
|
4
|
(11)
|
(13)
|
(19)
|
(43)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(10)
N/A
|
(7)
+28%
|
21
N/A
|
13
-36%
|
16
+16%
|
10
-35%
|
10
0%
|
14
+37%
|
11
-21%
|
18
+62%
|
18
+1%
|
18
-2%
|
20
+15%
|
13
-34%
|
15
+9%
|
11
-25%
|
5
-53%
|
4
-27%
|
3
-13%
|
(2)
N/A
|
(0)
+85%
|
(1)
-141%
|
(7)
-891%
|
(2)
+65%
|
(23)
-854%
|
(24)
-4%
|
(41)
-71%
|
(47)
-15%
|
(27)
+42%
|
(24)
+13%
|
(1)
+95%
|
5
N/A
|
28
+413%
|
41
+48%
|
42
+3%
|
48
+15%
|
13
-72%
|
(4)
N/A
|
(13)
-250%
|
(28)
-125%
|
(57)
-100%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
4
|
4
|
(5)
|
(1)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(7)
|
(7)
|
(7)
|
(9)
|
(5)
|
(5)
|
(4)
|
0
|
(2)
|
(2)
|
(0)
|
(0)
|
(3)
|
3
|
(3)
|
(3)
|
(4)
|
(42)
|
(35)
|
(34)
|
(30)
|
3
|
1
|
0
|
1
|
1
|
2
|
2
|
0
|
2
|
2
|
11
|
|
Income from Continuing Operations |
(6)
|
(3)
|
16
|
12
|
11
|
6
|
5
|
8
|
6
|
11
|
11
|
11
|
11
|
9
|
10
|
7
|
5
|
2
|
1
|
(2)
|
(1)
|
(3)
|
(4)
|
(5)
|
(26)
|
(28)
|
(83)
|
(82)
|
(62)
|
(54)
|
1
|
6
|
28
|
42
|
43
|
50
|
16
|
(3)
|
(10)
|
(26)
|
(46)
|
|
Net Income (Common) |
(6)
N/A
|
(3)
+55%
|
16
N/A
|
12
-24%
|
11
-13%
|
6
-49%
|
5
-3%
|
8
+42%
|
6
-22%
|
11
+89%
|
11
+0%
|
11
-1%
|
11
+1%
|
9
-20%
|
10
+8%
|
7
-22%
|
5
-30%
|
25
+369%
|
24
-1%
|
21
-14%
|
22
+6%
|
(3)
N/A
|
(4)
-16%
|
(5)
-40%
|
(26)
-410%
|
(28)
-5%
|
(83)
-200%
|
(82)
+1%
|
(62)
+25%
|
(54)
+13%
|
1
N/A
|
6
+327%
|
28
+349%
|
42
+48%
|
43
+3%
|
50
+16%
|
16
-68%
|
(3)
N/A
|
(10)
-217%
|
(26)
-160%
|
(46)
-74%
|
|
EPS (Diluted) |
-0.23
N/A
|
-0.11
+52%
|
0.64
N/A
|
0.49
-23%
|
0.42
-14%
|
0.21
-50%
|
0.2
-5%
|
0.29
+45%
|
0.23
-21%
|
0.43
+87%
|
0.43
N/A
|
0.42
-2%
|
0.42
N/A
|
0.34
-19%
|
0.36
+6%
|
0.28
-22%
|
0.2
-29%
|
0.93
+365%
|
0.92
-1%
|
0.8
-13%
|
0.84
+5%
|
-0.12
N/A
|
-0.14
-17%
|
-0.2
-43%
|
-1
-400%
|
-1.05
-5%
|
-3.13
-198%
|
-3.08
+2%
|
-2.22
+28%
|
-2.03
+9%
|
0.05
N/A
|
0.22
+340%
|
1.02
+364%
|
1.52
+49%
|
1.56
+3%
|
1.81
+16%
|
0.58
-68%
|
-0.12
N/A
|
-0.38
-217%
|
-0.97
-155%
|
-1.68
-73%
|