Salem Media Group, Inc. (SALM)

Salem Media Group Income Statement

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

Year	2022	2021	2020	2019	2018
Revenue	266.97	258.25	236.24	253.9	262.78
Revenue Growth (YoY)	3.38%	9.32%	-6.96%	-3.38%	-0.36%
Cost of Revenue	219.88	202.74	194.62	202.59	204.31
Gross Profit	47.08	55.51	41.62	51.31	58.48
Selling, General & Admin	18.56	17.48	16.19	15.94	15.69
Research & Development	2.8	2.6	2.8	2.6	2.8
Other Operating Expenses	12.61	12.83	14.06	15.93	-0.01
Operating Expenses	31.17	30.31	30.25	31.87	33.91
Operating Income	20.15	25.32	11.36	19.6	16.97
Interest Income	0.17	0.01	0	0	0.01
Interest Expense	13.06	15.8	16.08	17.5	18.33
Other Expense / Income	10.89	-31.23	19.08	25.97	-0.64
Pretax Income	-3.63	40.76	-23.79	-23.86	-0.72
Income Tax	-0.39	-0.76	30.27	3.98	2.47
Net Income	-3.24	41.51	-54.06	-27.84	-3.19
Shares Outstanding (Basic)	27	27	27	27	26
Shares Outstanding (Diluted)	27	27	27	27	26
Shares Change	-0.33%	2.30%	0.68%	1.23%	-0.97%
EPS (Basic)	-0.12	1.54	-2.03	-1.05	-0.12
EPS (Diluted)	-0.12	1.52	-2.03	-1.05	-0.12
Free Cash Flow	-5.64	11.58	18.08	9.23	13.62
Free Cash Flow Per Share	-0.21	0.42	0.68	0.35	0.52
Gross Margin	17.64%	21.49%	17.62%	20.21%	22.25%
Operating Margin	7.55%	9.80%	4.81%	7.72%	6.46%
Profit Margin	-1.21%	16.08%	-22.88%	-10.96%	-1.21%
Free Cash Flow Margin	-2.11%	4.48%	7.65%	3.63%	5.18%
Effective Tax Rate	-	-1.86%	-	-	-
EBITDA	32.76	38.15	25.42	35.54	42.79
EBITDA Margin	12.27%	14.77%	10.76%	14.00%	16.28%
Depreciation & Amortization	12.61	12.83	14.06	15.93	18.23
EBIT	20.15	25.32	11.36	19.6	24.56
EBIT Margin	7.55%	9.80%	4.81%	7.72%	9.35%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.