Salem Media Group, Inc. (SALM)

Salem Media Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5.76	-	0.28	-	1.79	6.33
Cash & Short-Term Investments	5.76	-	0.28	-	1.79	6.33
Cash Growth	-	-	-	-	-71.78%	105316.67%
Accounts Receivable	25.36	30.44	33.19	33.65	29.07	27.66
Other Receivables	3.06	2.15	2.96	2.01	1.38	1.12
Receivables	28.42	32.6	36.15	35.66	30.45	28.78
Inventory	-	-	-	1.51	0.96	0.5
Prepaid Expenses	5.03	5.97	5.64	7.62	6.77	6.85
Other Current Assets	2.1	68.11	4.73	0.27	1.55	3.35
Total Current Assets	41.31	106.67	46.81	45.06	41.51	45.8
Property, Plant & Equipment	102.06	104.72	119.27	125.03	123	127.48
Long-Term Investments	3.1	1.5	-	-	-	-
Goodwill	21.17	22.12	22.58	24.09	23.99	23.76
Other Intangible Assets	153.22	183.88	260.76	305.92	322.45	323.79
Long-Term Deferred Charges	0.74	0.74	1.17	0.68	0.84	0.21
Other Long-Term Assets	4.16	3.48	3.99	3.42	4.04	2.82
Total Assets	325.75	423.11	455.54	505.12	516.11	524.57
Accounts Payable	23.23	23.82	32.53	34.33	2.66	2.01
Accrued Expenses	0.08	0.1	0.98	0.95	26.09	22.47
Short-Term Debt	-	72	-	-	-	-
Current Portion of Long-Term Debt	-	24.62	16.83	8.96	-	5
Current Portion of Leases	8.65	9.72	8.69	8.35	8.71	9.02
Current Income Taxes Payable	5.45	0.11	-	-	1.54	0.56
Current Unearned Revenue	0.11	0.11	0.1	0.12	0.17	0.19
Other Current Liabilities	13.28	13.36	12.64	11.9	12.28	11.61
Total Current Liabilities	50.82	143.84	71.77	64.61	51.46	50.86
Long-Term Debt	3.38	5.25	152.96	150.37	170.58	213.76
Long-Term Leases	40.68	38.72	42.03	42.45	42.27	47.85
Long-Term Unearned Revenue	3.43	3.48	3.57	3.66	3.77	3.86
Long-Term Deferred Tax Liabilities	28.13	41	49.35	66.73	67.01	68.88
Other Long-Term Liabilities	10.52	1.85	3.35	1.95	2.81	4.07
Total Liabilities	136.96	234.13	323.03	329.77	337.9	389.29
Common Stock	0.34	0.3	0.3	0.29	0.29	0.28
Additional Paid-In Capital	314.32	289.57	249.28	248.82	248.44	247.03
Retained Earnings	-91.86	-66.88	-83.06	-39.75	-36.51	-78.02
Treasury Stock	-34.01	-34.01	-34.01	-34.01	-34.01	-34.01
Shareholders' Equity	188.8	188.99	132.51	175.36	178.21	135.28
Total Liabilities & Equity	325.75	423.11	455.54	505.12	516.11	524.57
Total Debt	52.71	150.3	220.52	210.12	221.56	275.63
Net Cash (Debt)	-46.95	-150.3	-220.23	-210.12	-219.78	-269.31
Net Cash Per Share	-1.63	-5.39	-8.09	-7.72	-8.05	-10.09
Filing Date Shares Outstanding	31.86	27.22	27.22	27.22	27.16	26.68
Total Common Shares Outstanding	31.86	27.22	27.22	27.22	27.16	26.68
Working Capital	-9.51	-37.17	-24.97	-19.55	-9.94	-5.06
Book Value Per Share	5.93	6.94	4.87	6.44	6.56	5.07
Tangible Book Value	14.41	-17.01	-150.83	-154.65	-168.23	-212.27
Tangible Book Value Per Share	0.45	-0.63	-5.54	-5.68	-6.19	-7.96
Land	23.06	23.19	25.34	27.07	26.9	30.25
Buildings	14.14	14.77	21.97	28.52	28.59	28.92
Machinery	137.44	140.67	147.86	146.01	145.42	145.47
Construction In Progress	3.57	5.73	7.82	9.89	8.1	2.68
Leasehold Improvements	20.68	20.49	19.55	19.13	18.1	18.19

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