Cumulus Media Inc.: 10-Q filed 2016-08-04

Name: Cumulus Media Inc.: 10-Q filed 2016-08-04
Creator: Cumulus Media Inc.

What Cumulus Media Inc. reported in its quarterly report filed 2016-08-04 (fiscal Q2 2016): 37 published measures, 101 facts as tagged in accession 0001058623-16-000077.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-08-04
Fiscal period: fiscal Q2 2016
Accession: 0001058623-16-000077 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Cumulus Media Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2016-06-30	2,966,508,000	USD
At 2015-12-31	3,002,388,000	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2016-06-30	2,962,169,000	USD
At 2015-12-31	2,986,356,000	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2016-06-30	4,339,000	USD
At 2015-12-31	16,032,000	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2016-06-30	49,798,000	USD
At 2015-12-31	31,657,000	USD
At 2015-06-30	32,734,000	USD
At 2014-12-31	7,271,000	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	1,066,000	USD	91
2016-01-01 to 2016-06-30	-13,363,000	USD	182
2015-04-01 to 2015-06-30	12,299,000	USD	91
2015-01-01 to 2015-06-30	284,000	USD	181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	25,010,000	USD	182
2015-01-01 to 2015-06-30	35,724,000	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	11,462,000	USD	182
2015-01-01 to 2015-06-30	14,860,000	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	3,000	USD	182
2015-01-01 to 2015-06-30	-90,000	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	-6,872,000	USD	182
2015-01-01 to 2015-06-30	-10,171,000	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2016-06-30	-1,390,207,000	USD
At 2015-12-31	-1,376,844,000	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	234,329,021	shares	91
2016-01-01 to 2016-06-30	234,190,188	shares	182
2015-04-01 to 2015-06-30	233,278,660	shares	91
2015-01-01 to 2015-06-30	233,202,282	shares	181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	234,692,018	shares	91
2016-01-01 to 2016-06-30	234,190,188	shares	182
2015-04-01 to 2015-06-30	233,486,283	shares	91
2015-01-01 to 2015-06-30	233,452,205	shares	181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	0	USD/shares	91
2016-01-01 to 2016-06-30	-0.06	USD/shares	182
2015-04-01 to 2015-06-30	0.05	USD/shares	91
2015-01-01 to 2015-06-30	0	USD/shares	181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	0	USD/shares	91
2016-01-01 to 2016-06-30	-0.06	USD/shares	182
2015-04-01 to 2015-06-30	0.05	USD/shares	91
2015-01-01 to 2015-06-30	0	USD/shares	181

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	1,249,000	USD	91
2016-01-01 to 2016-06-30	-7,884,000	USD	182
2015-04-01 to 2015-06-30	12,692,000	USD	91
2015-01-01 to 2015-06-30	2,335,000	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2016-06-30	165,037,000	USD
At 2015-12-31	169,437,000	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	1,668,000	USD	182
2015-01-01 to 2015-06-30	7,743,000	USD	181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	36,665,000	USD	91
2016-01-01 to 2016-06-30	46,779,000	USD	182
2015-04-01 to 2015-06-30	48,003,000	USD	91
2015-01-01 to 2015-06-30	59,873,000	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2016-06-30	352,204,000	USD
At 2015-12-31	359,275,000	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	34,486,000	USD	91
2016-01-01 to 2016-06-30	68,967,000	USD	182
2015-04-01 to 2015-06-30	35,412,000	USD	91
2015-01-01 to 2015-06-30	70,396,000	USD	181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2016-06-30	107,216,000	USD
At 2015-12-31	122,770,000	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2016-06-30	703,354,000	USD
At 2015-12-31	703,354,000	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2016-06-30	142,462,000	USD
At 2015-12-31	174,530,000	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2016-06-30	222,340,000	USD
At 2015-12-31	243,428,000	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	250,528,000	USD	91
2016-01-01 to 2016-06-30	508,944,000	USD	182
2015-04-01 to 2015-06-30	251,331,000	USD	91
2015-01-01 to 2015-06-30	510,540,000	USD	181

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	117,860,000	USD	91
2016-01-01 to 2016-06-30	235,087,000	USD	182
2015-04-01 to 2015-06-30	118,548,000	USD	91
2015-01-01 to 2015-06-30	234,855,000	USD	181

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2016-06-30	2,407,665,000	USD
At 2015-12-31	2,402,901,000	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2016-06-30	26,450,000	USD
At 2015-12-31	17,726,000	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2016-06-30	39,325,000	USD
At 2015-12-31	44,804,000	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2016-06-30	22,800,000	USD
At 2015-12-31	26,906,000	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	11,414,000	USD	91
2016-01-01 to 2016-06-30	24,068,000	USD	182
2015-04-01 to 2015-06-30	12,496,000	USD	91
2015-01-01 to 2015-06-30	25,963,000	USD	181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	30,252,000	USD	182

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-4,000	USD	91
2016-01-01 to 2016-06-30	716,000	USD	182
2015-04-01 to 2015-06-30	12,373,000	USD	91
2015-01-01 to 2015-06-30	12,757,000	USD	181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-34,350,000	USD	91
2016-01-01 to 2016-06-30	-68,026,000	USD	182
2015-04-01 to 2015-06-30	-23,012,000	USD	91
2015-01-01 to 2015-06-30	-57,254,000	USD	181

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	-7,918,000	USD	182
2015-01-01 to 2015-06-30	2,847,000	USD	181

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	1,728,000	USD	182
2015-01-01 to 2015-06-30	2,883,000	USD	181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	-20,595,000	USD	182
2015-01-01 to 2015-06-30	-3,016,000	USD	181

Inspect the source

Entity: Cumulus Media Inc. / CIK 0001058623
Captured: 2026-09-20 05:18 UTC
SEC response SHA-256: 06e98d33535ae73bf507287101d7436828e9056d5a2c5d0fb7db2d38c27f01ff

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