Salem Media Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	-	-	0.28	-	1.79	6.33
Cash & Short-Term Investments	-	-	0.28	-	1.79	6.33
Cash Growth	-	-	-	-	-71.78%	105316.67%
Accounts Receivable	25.41	30.44	33.19	33.65	29.07	27.66
Other Receivables	2.83	2.15	2.96	2.01	1.38	1.12
Receivables	28.24	32.6	36.15	35.66	30.45	28.78
Inventory	-	-	-	1.51	0.96	0.5
Prepaid Expenses	5.3	5.97	5.64	7.62	6.77	6.85
Other Current Assets	2	68.11	4.73	0.27	1.55	3.35
Total Current Assets	35.54	106.67	46.81	45.06	41.51	45.8
Property, Plant & Equipment	101.45	104.72	119.27	125.03	123	127.48
Long-Term Investments	-	1.5	-	-	-	-
Goodwill	23.34	22.12	22.58	24.09	23.99	23.76
Other Intangible Assets	155.44	183.88	260.76	305.92	322.45	323.79
Long-Term Deferred Charges	0.76	0.74	1.17	0.68	0.84	0.21
Other Long-Term Assets	9.9	3.48	3.99	3.42	4.04	2.82
Total Assets	326.44	423.11	455.54	505.12	516.11	524.57
Accounts Payable	24.69	23.82	32.53	34.33	2.66	2.01
Accrued Expenses	0.07	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	8.77	9.72	8.69	8.35	8.71	9.02
Current Income Taxes Payable	-	0.11	-	-	1.54	0.56
Current Unearned Revenue	0.11	0.11	0.1	0.12	0.17	0.19
Other Current Liabilities	15.66	13.36	12.64	11.9	12.28	11.61
Total Current Liabilities	49.3	143.84	71.77	64.61	51.46	50.86
Long-Term Debt	6.66	5.25	152.96	150.37	170.58	213.76
Long-Term Leases	40.51	38.72	42.03	42.45	42.27	47.85
Long-Term Unearned Revenue	3.41	3.48	3.57	3.66	3.77	3.86
Long-Term Deferred Tax Liabilities	27.7	41	49.35	66.73	67.01	68.88
Other Long-Term Liabilities	12.66	1.85	3.35	1.95	2.81	4.07
Total Liabilities	140.25	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	314.31	289.57	249.28	248.82	248.44	247.03
Retained Earnings	-94.46	-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	186.19	188.99	132.51	175.36	178.21	135.28
Total Liabilities & Equity	326.44	423.11	455.54	505.12	516.11	524.57
Total Debt	55.95	150.3	220.52	210.12	221.56	275.63
Net Cash (Debt)	-55.95	-150.3	-220.23	-210.12	-219.78	-269.31
Net Cash Per Share	-1.86	-5.39	-8.09	-7.72	-8.05	-10.09
Filing Date Shares Outstanding	31.55	27.22	27.22	27.22	27.16	26.68
Total Common Shares Outstanding	31.55	27.22	27.22	27.22	27.16	26.68
Working Capital	-13.76	-37.17	-24.97	-19.55	-9.94	-5.06
Book Value Per Share	5.90	6.94	4.87	6.44	6.56	5.07
Tangible Book Value	7.41	-17.01	-150.83	-154.65	-168.23	-212.27
Tangible Book Value Per Share	0.23	-0.63	-5.54	-5.68	-6.19	-7.96
Land	23.05	23.19	25.34	27.07	26.9	30.25
Buildings	14.16	14.77	21.97	28.52	28.59	28.92
Machinery	136.73	140.67	147.86	146.01	145.42	145.47
Construction In Progress	5.21	5.73	7.82	9.89	8.1	2.68
Leasehold Improvements	20.72	20.49	19.55	19.13	18.1	18.19

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