XML 45 R59.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Condensed Consolidating Financial Information Condensed Consolidating Balance Sheet (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2013
Dec. 31, 2012
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents $ 26,757 $ 32,792 $ 64,170 $ 88,050
Restricted cash 10,346 6,146    
Accounts receivable, less allowance for doubtful accounts 239,578 264,805    
Trade receivable 3,733 4,419    
Assets held for sale 15,007 0    
Prepaid expenses and other current assets 47,023 68,893    
Total current assets 342,444 377,055    
Property and equipment, net 224,720 254,702    
Broadcast licenses 1,596,715 1,596,337    
Other intangible assets, net 261,405 315,490    
Goodwill 1,255,519 1,256,741 1,204,953 1,195,594
Investment in consolidated subsidiaries 0 0    
Intercompany receivables, net 0 0    
Other assets 65,852 70,110    
Total assets 3,746,655 3,870,435    
Accounts payable and accrued expenses 127,886 146,537    
Trade payable 4,259 3,846    
Current portion of long-term debt 0 5,937    
Total current liabilities 132,145 156,320    
Long-term debt, excluding 7.75% senior notes 1,923,987 1,985,956    
7.75% senior notes 610,000 610,000    
Secured loan 0 25,000    
Other liabilities 71,756 79,913    
Intercompany payables, net 0 0    
Deferred income taxes 475,539 500,506    
Total liabilities 3,213,427 3,357,695    
Treasury stock, at cost (231,517) (251,193)    
Additional paid-in-capital 1,595,910 1,603,669    
Accumulated deficit (833,712) (842,119)    
Total stockholders’ equity 533,228 512,740    
Total liabilities and stockholders’ equity 3,746,655 3,870,435    
Cumulus Media Inc. (Parent Guarantor)
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 0 11,804 0 81,599
Restricted cash 0 0    
Accounts receivable, less allowance for doubtful accounts 0 0    
Trade receivable 0 0    
Assets held for sale         
Prepaid expenses and other current assets 0 0    
Total current assets 0 11,804    
Property and equipment, net 0 0    
Broadcast licenses 0 0    
Other intangible assets, net 0 0    
Goodwill 0 0    
Investment in consolidated subsidiaries 616,828 589,163    
Intercompany receivables, net 0 0    
Other assets 0 0    
Total assets 616,828 600,967    
Accounts payable and accrued expenses 0 0    
Trade payable 0 0    
Current portion of long-term debt   0    
Total current liabilities 0 0    
Long-term debt, excluding 7.75% senior notes 0 0    
7.75% senior notes 0 0    
Secured loan   0    
Other liabilities 0 0    
Intercompany payables, net 83,600 88,227    
Deferred income taxes 0 0    
Total liabilities 83,600 88,227    
Treasury stock, at cost (231,517) (251,193)    
Additional paid-in-capital 1,595,910 1,603,669    
Accumulated deficit (833,712) (842,119)    
Total stockholders’ equity 533,228 512,740    
Total liabilities and stockholders’ equity 616,828 600,967    
Cumulus Media Holdings Inc. (Subsidiary Issuer)
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 26,489 20,988 63,970 0
Restricted cash 10,346 6,146    
Accounts receivable, less allowance for doubtful accounts 0 0    
Trade receivable 0 0    
Assets held for sale 0      
Prepaid expenses and other current assets 24,820 5,948    
Total current assets 61,655 33,082    
Property and equipment, net 2,060 3,272    
Broadcast licenses 0 0    
Other intangible assets, net 0 0    
Goodwill 0 0    
Investment in consolidated subsidiaries 4,160,697 3,824,690    
Intercompany receivables, net 84,391 88,227    
Other assets 44,502 46,774    
Total assets 4,353,305 3,996,045    
Accounts payable and accrued expenses 31,689 24,966    
Trade payable 0 0    
Current portion of long-term debt   5,937    
Total current liabilities 31,689 30,903    
Long-term debt, excluding 7.75% senior notes 1,923,987 1,985,956    
7.75% senior notes 610,000 610,000    
Secured loan   0    
Other liabilities 10,430 10,430    
Intercompany payables, net 1,160,371 769,593    
Deferred income taxes 0 0    
Total liabilities 3,736,477 3,406,882    
Treasury stock, at cost 0 0    
Additional paid-in-capital 238,672 223,412    
Accumulated deficit 378,156 365,751    
Total stockholders’ equity 616,828 589,163    
Total liabilities and stockholders’ equity 4,353,305 3,996,045    
Subsidiary Guarantors
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 268 0 200 6,451
Restricted cash 0 0    
Accounts receivable, less allowance for doubtful accounts 0 0    
Trade receivable 3,733 4,419    
Assets held for sale 15,007      
Prepaid expenses and other current assets 22,203 62,945    
Total current assets 41,211 67,364    
Property and equipment, net 222,660 251,430    
Broadcast licenses 0 0    
Other intangible assets, net 261,405 315,490    
Goodwill 1,255,519 1,256,741    
Investment in consolidated subsidiaries 1,121,176 1,118,952    
Intercompany receivables, net 1,399,949 1,011,218    
Other assets 20,559 22,440    
Total assets 4,322,479 4,043,635    
Accounts payable and accrued expenses 96,197 121,521    
Trade payable 4,259 3,846    
Current portion of long-term debt   0    
Total current liabilities 100,456 125,367    
Long-term debt, excluding 7.75% senior notes 0 0    
7.75% senior notes 0 0    
Secured loan   0    
Other liabilities 61,326 69,483    
Intercompany payables, net 0 0    
Deferred income taxes 0 24,095    
Total liabilities 161,782 218,945    
Treasury stock, at cost 0 0    
Additional paid-in-capital 4,219,656 3,983,196    
Accumulated deficit (58,959) (158,506)    
Total stockholders’ equity 4,160,697 3,824,690    
Total liabilities and stockholders’ equity 4,322,479 4,043,635    
Subsidiary Non-guarantors
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 0 0 0 0
Restricted cash 0 0    
Accounts receivable, less allowance for doubtful accounts 239,578 264,805    
Trade receivable 0 0    
Assets held for sale 0      
Prepaid expenses and other current assets 0 0    
Total current assets 239,578 264,805    
Property and equipment, net 0 0    
Broadcast licenses 1,596,715 1,596,337    
Other intangible assets, net 0 0    
Goodwill 0 0    
Investment in consolidated subsidiaries 0 0    
Intercompany receivables, net 0 24,090    
Other assets 791 896    
Total assets 1,837,084 1,886,128    
Accounts payable and accrued expenses 0 50    
Trade payable 0 0    
Current portion of long-term debt   0    
Total current liabilities 0 50    
Long-term debt, excluding 7.75% senior notes 0 0    
7.75% senior notes 0 0    
Secured loan   25,000    
Other liabilities 0 0    
Intercompany payables, net 240,369 265,715    
Deferred income taxes 475,539 476,411    
Total liabilities 715,908 767,176    
Treasury stock, at cost 0 0    
Additional paid-in-capital 2,095,935 2,092,725    
Accumulated deficit (974,759) (973,773)    
Total stockholders’ equity 1,121,176 1,118,952    
Total liabilities and stockholders’ equity 1,837,084 1,886,128    
Eliminations
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 0 0 0 0
Restricted cash 0 0    
Accounts receivable, less allowance for doubtful accounts 0 0    
Trade receivable 0 0    
Assets held for sale 0      
Prepaid expenses and other current assets 0 0    
Total current assets 0 0    
Property and equipment, net 0 0    
Broadcast licenses 0 0    
Other intangible assets, net 0 0    
Goodwill 0 0    
Investment in consolidated subsidiaries (5,898,701) (5,532,805)    
Intercompany receivables, net (1,484,340) (1,123,535)    
Other assets 0 0    
Total assets (7,383,041) (6,656,340)    
Accounts payable and accrued expenses 0 0    
Trade payable 0 0    
Current portion of long-term debt   0    
Total current liabilities 0 0    
Long-term debt, excluding 7.75% senior notes 0 0    
7.75% senior notes 0 0    
Secured loan   0    
Other liabilities 0 0    
Intercompany payables, net (1,484,340) (1,123,535)    
Deferred income taxes 0 0    
Total liabilities (1,484,340) (1,123,535)    
Treasury stock, at cost 0 0    
Additional paid-in-capital (6,554,263) (6,299,333)    
Accumulated deficit 655,562 766,528    
Total stockholders’ equity (5,898,701) (5,532,805)    
Total liabilities and stockholders’ equity (7,383,041) (6,656,340)    
Class A common stock
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 2,541 2,223    
Class A common stock | Cumulus Media Inc. (Parent Guarantor)
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 2,541 2,223    
Class A common stock | Cumulus Media Holdings Inc. (Subsidiary Issuer)
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 0 0    
Class A common stock | Subsidiary Guarantors
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 0 0    
Class A common stock | Subsidiary Non-guarantors
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 0 0    
Class A common stock | Eliminations
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 0 0    
Class B common stock
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 0 154    
Class B common stock | Cumulus Media Inc. (Parent Guarantor)
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock   154    
Class B common stock | Cumulus Media Holdings Inc. (Subsidiary Issuer)
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock   0    
Class B common stock | Subsidiary Guarantors
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock   0    
Class B common stock | Subsidiary Non-guarantors
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock   0    
Class B common stock | Eliminations
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock   0    
Class C common stock
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 6 6    
Class C common stock | Cumulus Media Inc. (Parent Guarantor)
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 6 6    
Class C common stock | Cumulus Media Holdings Inc. (Subsidiary Issuer)
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 0 0    
Class C common stock | Subsidiary Guarantors
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 0 0    
Class C common stock | Subsidiary Non-guarantors
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock 0 0    
Class C common stock | Eliminations
       
Condensed Balance Sheet Statements, Captions [Line Items]        
Common stock $ 0 $ 0