XML 19 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating Statements of Operations (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Condensed Income Statements, Captions [Line Items]        
Net revenues $ 328,247 $ 270,306 $ 620,291 $ 488,145
Operating expenses:        
Content costs 101,802 62,255 210,295 124,206
Other direct operating expenses 118,389 99,894 233,724 193,374
Depreciation and amortization 29,071 27,604 57,952 55,200
LMA fees 1,648 738 3,205 1,684
Corporate general and administrative expenses (including stock-based compensation expense) 19,264 7,742 38,458 21,760
Gain on sale of assets or stations (360) 227 (898) 1,536
Gain on derivative instrument 0 (2,106) 0 (2,844)
Total operating expenses 269,814 196,354 542,736 394,916
Operating income 58,433 73,952 77,555 93,229
Non-operating (expense) income:        
Interest expense (36,468) (44,197) (72,733) (88,719)
Interest income 342 364 672 634
Loss on early extinguishment of debt 0 (4,539) 0 (4,539)
Other income (expense), net 3,593 (393) 3,529 (106)
Total non-operating expense, net (32,533) (48,765) (68,532) (92,730)
Income from continuing operations before income taxes 25,900 25,187 9,023 499
Income tax expense (10,763) (10,073) (3,155) (12,049)
Income (loss) from continuing operations 15,137 15,114 5,868 (11,550)
Income from discontinued operations 0 11,987 0 29,662
(Loss) earnings from consolidated subsidiaries 0 0 0 0
Net income 15,137 27,101 5,868 18,112
Cumulus Media Inc. (Parent Guarantor)
       
Condensed Income Statements, Captions [Line Items]        
Net revenues 0 0 0 0
Operating expenses:        
Content costs 0 0 0 0
Other direct operating expenses 0 0 0 0
Depreciation and amortization 0 0 0 0
LMA fees 0 0 0 0
Corporate general and administrative expenses (including stock-based compensation expense) 0 0 0 0
Gain on sale of assets or stations 0 0 0 0
Gain on derivative instrument   0   0
Total operating expenses 0 0 0 0
Operating income 0 0 0 0
Non-operating (expense) income:        
Interest expense (2,406) (2,378) (4,981) (4,689)
Interest income 0 0 0 0
Loss on early extinguishment of debt   0   0
Other income (expense), net 0 0 0 0
Total non-operating expense, net (2,406) (2,378) (4,981) (4,689)
Income from continuing operations before income taxes (2,406) (2,378) (4,981) (4,689)
Income tax expense 799 0 1,741 0
Income (loss) from continuing operations (1,607) (2,378) (3,240) (4,689)
Income from discontinued operations   0   0
(Loss) earnings from consolidated subsidiaries 16,744 29,479 9,108 22,801
Net income 15,137 27,101 5,868 18,112
Cumulus Media Holdings Inc. (Subsidiary Issuer)
       
Condensed Income Statements, Captions [Line Items]        
Net revenues 125 0 229 0
Operating expenses:        
Content costs 0 0 0 0
Other direct operating expenses 0 0 0 0
Depreciation and amortization 459 484 917 981
LMA fees 0 0 0 0
Corporate general and administrative expenses (including stock-based compensation expense) 19,264 7,742 38,458 21,760
Gain on sale of assets or stations 0 0 0 0
Gain on derivative instrument   0   0
Total operating expenses 19,723 8,226 39,375 22,741
Operating income (19,598) (8,226) (39,146) (22,741)
Non-operating (expense) income:        
Interest expense (33,987) (41,819) (67,583) (84,030)
Interest income 0 0 0 0
Loss on early extinguishment of debt   (4,539)   (4,539)
Other income (expense), net 0 0 0 0
Total non-operating expense, net (33,987) (46,358) (67,583) (88,569)
Income from continuing operations before income taxes (53,585) (54,584) (106,729) (111,310)
Income tax expense 18,253 0 37,314 0
Income (loss) from continuing operations (35,332) (54,584) (69,415) (111,310)
Income from discontinued operations   0   0
(Loss) earnings from consolidated subsidiaries 52,076 84,063 78,523 134,111
Net income 16,744 29,479 9,108 22,801
Subsidiary Guarantors
       
Condensed Income Statements, Captions [Line Items]        
Net revenues 328,122 270,306 620,062 488,145
Operating expenses:        
Content costs 101,802 62,255 210,295 124,206
Other direct operating expenses 117,837 99,326 232,581 192,361
Depreciation and amortization 28,612 27,120 57,035 54,219
LMA fees 1,648 738 3,205 1,684
Corporate general and administrative expenses (including stock-based compensation expense) 0 0 0 0
Gain on sale of assets or stations (360) 227 (898) 1,536
Gain on derivative instrument   (2,106)   (2,844)
Total operating expenses 249,539 187,560 502,218 371,162
Operating income 78,583 82,746 117,844 116,983
Non-operating (expense) income:        
Interest expense 0 0 0 0
Interest income 342 364 672 634
Loss on early extinguishment of debt   0   0
Other income (expense), net 3,593 (393) 3,529 (106)
Total non-operating expense, net 3,935 (29) 4,201 528
Income from continuing operations before income taxes 82,518 82,717 122,045 117,511
Income tax expense (30,070) (35,608) (42,669) (35,829)
Income (loss) from continuing operations 52,448 47,109 79,376 81,682
Income from discontinued operations   55,531   61,882
(Loss) earnings from consolidated subsidiaries (372) (18,577) (853) (9,453)
Net income 52,076 84,063 78,523 134,111
Subsidiary Non-guarantors
       
Condensed Income Statements, Captions [Line Items]        
Net revenues 0 0 0 0
Operating expenses:        
Content costs 0 0 0 0
Other direct operating expenses 552 568 1,143 1,013
Depreciation and amortization 0 0 0 0
LMA fees 0 0 0 0
Corporate general and administrative expenses (including stock-based compensation expense) 0 0 0 0
Gain on sale of assets or stations 0 0 0 0
Gain on derivative instrument   0   0
Total operating expenses 552 568 1,143 1,013
Operating income (552) (568) (1,143) (1,013)
Non-operating (expense) income:        
Interest expense (75) 0 (169) 0
Interest income 0 0 0 0
Loss on early extinguishment of debt   0   0
Other income (expense), net 0 0 0 0
Total non-operating expense, net (75) 0 (169) 0
Income from continuing operations before income taxes (627) (568) (1,312) (1,013)
Income tax expense 255 25,535 459 23,780
Income (loss) from continuing operations (372) 24,967 (853) 22,767
Income from discontinued operations   (43,544)   (32,220)
(Loss) earnings from consolidated subsidiaries 0 0 0 0
Net income (372) (18,577) (853) (9,453)
Eliminations
       
Condensed Income Statements, Captions [Line Items]        
Net revenues 0 0 0 0
Operating expenses:        
Content costs 0 0 0 0
Other direct operating expenses 0 0 0 0
Depreciation and amortization 0 0 0 0
LMA fees 0 0 0 0
Corporate general and administrative expenses (including stock-based compensation expense) 0 0 0 0
Gain on sale of assets or stations 0 0 0 0
Gain on derivative instrument   0   0
Total operating expenses 0 0 0 0
Operating income 0 0 0 0
Non-operating (expense) income:        
Interest expense 0 0 0 0
Interest income 0 0 0 0
Loss on early extinguishment of debt   0   0
Other income (expense), net 0 0 0 0
Total non-operating expense, net 0 0 0 0
Income from continuing operations before income taxes 0 0 0 0
Income tax expense 0 0 0 0
Income (loss) from continuing operations 0 0 0 0
Income from discontinued operations   0   0
(Loss) earnings from consolidated subsidiaries (68,448) (94,965) (86,778) (147,459)
Net income $ (68,448) $ (94,965) $ (86,778) $ (147,459)