Salem Media Group, Inc. (SALM)

Salem Media Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	-	-	-	1.79	6.33	0.01
Cash & Short-Term Investments	-	-	-	1.79	6.33	0.01
Cash Growth	-	-	-	-71.78%	105316.67%	-94.87%
Accounts Receivable	29.61	33.19	33.65	29.07	27.66	33.57
Other Receivables	3.07	2.96	2.01	1.38	1.12	1.35
Receivables	32.68	36.15	35.66	30.45	28.78	34.93
Inventory	-	-	1.51	0.96	0.5	0.72
Prepaid Expenses	6.88	5.64	7.62	6.77	6.85	5.89
Restricted Cash	-	0.28	-	-	-	-
Other Current Assets	-	4.73	0.27	1.55	3.35	0.19
Total Current Assets	39.55	46.81	45.06	41.51	45.8	41.72
Property, Plant & Equipment	107.72	119.27	125.03	123	127.48	142.4
Long-Term Investments	-	1.5	-	-	-	-
Goodwill	22.58	22.58	24.09	23.99	23.76	24
Other Intangible Assets	256.62	260.76	305.92	322.45	323.79	345.22
Long-Term Deferred Charges	0.93	1.17	0.68	0.84	0.21	0.22
Other Long-Term Assets	5.01	2.49	3.42	4.04	2.82	4.2
Total Assets	432.41	455.54	505.12	516.11	524.57	558.43
Accounts Payable	22.31	32.53	34.33	2.66	2.01	3.47
Accrued Expenses	3.93	0.98	0.95	26.09	22.47	18.55
Current Portion of Long-Term Debt	-	16.83	8.96	-	5	12.43
Current Portion of Leases	9.74	8.69	8.35	8.71	9.02	8.55
Current Income Taxes Payable	-	-	-	1.54	0.56	0.53
Current Unearned Revenue	0.11	0.1	0.12	0.17	0.19	0.2
Other Current Liabilities	13.82	12.64	11.9	12.28	11.61	9.4
Total Current Liabilities	49.9	71.77	64.61	51.46	50.86	53.13
Long-Term Debt	166.83	152.96	150.37	170.58	213.76	216.47
Long-Term Leases	40.48	42.03	42.45	42.27	47.85	54.17
Long-Term Unearned Revenue	3.5	3.57	3.66	3.77	3.86	3.96
Long-Term Deferred Tax Liabilities	46.56	49.35	66.73	67.01	68.88	38.78
Other Long-Term Liabilities	1.84	3.35	1.95	2.81	4.07	2.26
Total Liabilities	309.11	323.03	329.77	337.9	389.29	368.77
Common Stock	0.29	0.29	0.29	0.29	0.28	0.28
Additional Paid-In Capital	249.59	249.28	248.82	248.44	247.03	246.68
Retained Earnings	-92.57	-83.06	-39.75	-36.51	-78.02	-23.29
Treasury Stock	-34.01	-34.01	-34.01	-34.01	-34.01	-34.01
Shareholders' Equity	123.3	132.51	175.36	178.21	135.28	189.66
Total Liabilities & Equity	432.41	455.54	505.12	516.11	524.57	558.43
Total Debt	217.05	220.52	210.12	221.56	275.63	291.62
Net Cash (Debt)	-217.05	-220.52	-210.12	-219.78	-269.31	-291.62
Net Cash Per Share	-7.97	-8.10	-7.72	-8.05	-10.09	-11.00
Filing Date Shares Outstanding	27.22	27.22	27.22	27.16	26.68	26.68
Total Common Shares Outstanding	27.22	27.22	27.22	27.16	26.68	26.68
Working Capital	-10.35	-24.97	-19.55	-9.94	-5.06	-11.41
Book Value Per Share	4.53	4.87	6.44	6.56	5.07	7.11
Tangible Book Value	-155.89	-150.83	-154.65	-168.23	-212.27	-179.55
Tangible Book Value Per Share	-5.73	-5.54	-5.68	-6.19	-7.96	-6.73
Land	23.21	25.34	27.07	26.9	30.25	30.94
Buildings	14.34	21.97	28.52	28.59	28.92	30.28
Machinery	145.52	147.86	146.01	145.42	145.47	146.84
Construction In Progress	7.19	7.82	9.89	8.1	2.68	4.29
Leasehold Improvements	20.43	19.55	19.13	18.1	18.19	18.83

Source: S&P Capital IQ. Standard template. Financial Sources.