Cumulus Media Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	844.55	953.51	916.47	816.22	1,113
Revenue Growth (YoY)	-11.43%	4.04%	12.28%	-26.69%	-
Cost of Revenue	331.36	357.48	358.69	337.08	405.65
Gross Profit	513.19	596.03	557.78	479.14	707.79
Selling, General & Admin	447.04	445.85	451.66	416.89	519.21
Other Operating Expenses	107.42	70.39	37	72.85	22.38
Operating Expenses	554.47	516.24	488.66	489.74	541.59
Operating Income	-41.28	79.79	69.12	-10.6	166.21
Interest Expense / Income	71.27	64.89	67.85	68.1	82.92
Other Expense / Income	-11.85	-4.71	-18.99	0.27	-0.23
Pretax Income	-100.7	19.61	20.26	-78.97	83.52
Income Tax	17.18	3.37	2.98	-19.25	22.26
Net Income	-117.88	16.24	17.28	-59.72	61.26
Net Income Growth	-	-6.04%	-	-	-
Shares Outstanding (Basic)	17	20	20	20	20
Shares Outstanding (Diluted)	17	20	21	20	20
Shares Change	-13.76%	-4.34%	3.03%	0.16%	-
EPS (Basic)	-6.83	0.83	0.84	-2.94	3.04
EPS (Diluted)	-6.83	0.81	0.83	-2.94	3.02
EPS Growth	-	-2.41%	-	-	-
Free Cash Flow	6.85	47.42	39.43	18.34	74.8
Free Cash Flow Per Share	0.40	2.42	1.93	0.90	3.72
Gross Margin	60.76%	62.51%	60.86%	58.70%	63.57%
Operating Margin	-4.89%	8.37%	7.54%	-1.30%	14.93%
Profit Margin	-13.96%	1.70%	1.89%	-7.32%	5.50%
Free Cash Flow Margin	0.81%	4.97%	4.30%	2.25%	6.72%
Effective Tax Rate	-	17.19%	14.72%	-	26.66%
EBITDA	28.75	140.88	141.65	41.42	243.04
EBITDA Margin	3.40%	14.78%	15.46%	5.07%	21.83%
Depreciation & Amortization	58.18	56.39	53.55	52.29	76.61
EBIT	-29.43	84.5	88.11	-10.87	166.44
EBIT Margin	-3.48%	8.86%	9.61%	-1.33%	14.95%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).