Salem Media Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2.41	-	0.28	-	1.79
Cash & Short-Term Investments	2.41	-	0.28	-	1.79
Cash Growth	-	-	-	-	-71.78%
Accounts Receivable	23.43	30.44	33.19	33.65	29.07
Other Receivables	4.02	2.15	2.96	2.01	1.38
Receivables	27.46	32.6	36.15	35.66	30.45
Inventory	-	-	-	1.51	0.96
Prepaid Expenses	4.37	5.97	5.64	7.62	6.77
Other Current Assets	-	68.11	4.73	0.27	1.55
Total Current Assets	34.24	106.67	46.81	45.06	41.51
Property, Plant & Equipment	96.82	104.72	119.27	125.03	123
Long-Term Investments	1.4	-	-	-	-
Goodwill	23.34	22.12	22.58	24.09	23.99
Other Intangible Assets	154.81	183.88	260.76	305.92	322.45
Long-Term Deferred Charges	0.64	0.74	1.17	0.68	0.84
Other Long-Term Assets	4.29	4.98	3.99	3.42	4.04
Total Assets	315.53	423.11	455.54	505.12	516.11
Accounts Payable	21.63	23.82	32.53	34.33	2.66
Accrued Expenses	0.1	0.1	0.98	0.95	26.09
Short-Term Debt	-	72	-	-	-
Current Portion of Long-Term Debt	-	24.62	16.83	8.96	-
Current Portion of Leases	8.2	9.72	8.69	8.35	8.71
Current Income Taxes Payable	-	0.11	-	-	1.54
Current Unearned Revenue	0.11	0.11	0.1	0.12	0.17
Other Current Liabilities	13.15	13.36	12.64	11.9	12.28
Total Current Liabilities	43.2	143.84	71.77	64.61	51.46
Long-Term Debt	10.56	5.25	152.96	150.37	170.58
Long-Term Leases	37.5	38.72	42.03	42.45	42.27
Long-Term Unearned Revenue	3.38	3.48	3.57	3.66	3.77
Long-Term Deferred Tax Liabilities	30.23	41	49.35	66.73	67.01
Other Long-Term Liabilities	13	1.85	3.35	1.95	2.81
Total Liabilities	137.85	234.13	323.03	329.77	337.9
Common Stock	0.34	0.3	0.3	0.29	0.29
Additional Paid-In Capital	314.53	289.57	249.28	248.82	248.44
Retained Earnings	-102.39	-66.88	-83.06	-39.75	-36.51
Treasury Stock	-34.01	-34.01	-34.01	-34.01	-34.01
Comprehensive Income & Other	-0.8	-	-	-	-
Shareholders' Equity	177.68	188.99	132.51	175.36	178.21
Total Liabilities & Equity	315.53	423.11	455.54	505.12	516.11
Total Debt	56.26	150.3	220.52	210.12	221.56
Net Cash (Debt)	-53.84	-150.3	-220.23	-210.12	-219.78
Net Cash Per Share	-1.73	-5.39	-8.09	-7.72	-8.05
Filing Date Shares Outstanding	31.76	27.22	27.22	27.22	27.16
Total Common Shares Outstanding	31.76	27.22	27.22	27.22	27.16
Working Capital	-8.95	-37.17	-24.97	-19.55	-9.94
Book Value Per Share	5.59	6.94	4.87	6.44	6.56
Tangible Book Value	-0.46	-17.01	-150.83	-154.65	-168.23
Tangible Book Value Per Share	-0.01	-0.63	-5.54	-5.68	-6.19
Land	23.06	23.19	25.34	27.07	26.9
Buildings	14.17	14.77	21.97	28.52	28.59
Machinery	135.69	140.67	147.86	146.01	145.42
Construction In Progress	4.75	5.73	7.82	9.89	8.1
Leasehold Improvements	19.65	20.49	19.55	19.13	18.1

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