Cumulus Media Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-200.7	-283.25	-117.88	16.24	17.28
Depreciation & Amortization	54.34	59.12	58.18	56.39	53.55
Other Amortization	1.02	1.25	2.04	2.57	2.82
Loss (Gain) From Sale of Assets	-1.2	1.37	-16.06	-1.54	-17.62
Asset Writedown & Restructuring Costs	109.83	227.33	76.72	15.54	-
Loss (Gain) From Sale of Investments	-	-14.85	-	-	-
Stock-Based Compensation	2.5	4.71	5.27	6.23	5.19
Provision & Write-off of Bad Debts	3.9	2.5	3.16	3.41	0.55
Other Operating Activities	-10.25	-14.74	4.93	-4.38	-19.02
Change in Accounts Receivable	-4.4	-1.36	0.55	-0.15	4.62
Change in Accounts Payable	0.05	0.28	-0.66	1.06	0.21
Change in Other Net Operating Assets	23.58	14.53	15.42	-16.89	20.95
Operating Cash Flow	-21.34	-3.12	31.66	78.48	68.52
Operating Cash Flow Growth	-	-	-59.66%	14.54%	106.32%
Capital Expenditures	-20.24	-19.46	-24.81	-31.2	-36.09
Sale of Property, Plant & Equipment	12.38	0.06	17.81	2.01	33.52
Investment in Securities	-	14.85	-	-	-
Other Investing Activities	-	0.33	0.18	2.95	1.03
Investing Cash Flow	-7.86	-4.23	-6.82	-26.24	-1.54
Long-Term Debt Issued	55	-	-	-	22.64
Long-Term Debt Repaid	-7.39	-8.11	-40.4	-87.28	-180.78
Net Debt Issued (Repaid)	47.61	-8.11	-40.4	-87.28	-158.14
Repurchase of Common Stock	-0.27	-1.09	-9.21	-33.56	-0.56
Other Financing Activities	-	-0.28	-2	-1	-3.01
Financing Cash Flow	47.34	-9.47	-51.61	-121.84	-161.71
Net Cash Flow	18.14	-16.82	-26.77	-69.6	-94.73
Free Cash Flow	-41.57	-22.58	6.85	47.28	32.43
Free Cash Flow Growth	-	-	-85.52%	45.81%	76.79%
Free Cash Flow Margin	-5.61%	-2.73%	0.81%	4.96%	3.54%
Free Cash Flow Per Share	-2.39	-1.34	0.40	2.36	1.55
Cash Interest Paid	66.74	68.28	63.37	47.13	59.67
Cash Income Tax Paid	-0.42	-1.96	0.48	7.36	6.2
Levered Free Cash Flow	7.93	15.92	40.63	54.52	41.84
Unlevered Free Cash Flow	47.68	57.66	83.13	92.51	81.43
Change in Working Capital	19.23	13.45	15.31	-15.97	25.78

Source: S&P Global Market Intelligence. Standard template. Financial Sources.