XML 55 R45.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Condensed Consolidated Financial Information (Condensed Consolidated Statements of Cash Flows) (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:        
Net (loss) income $ 5,672 $ 1,066 $ (1,723) $ (13,363)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:        
Depreciation and amortization     32,402 46,066
Amortization of debt issuance costs/discounts     5,055 4,860
Provision for doubtful accounts     1,993 493
Gain on sale of assets or stations     (2,502) (3,141)
Impairment of intangible assets and goodwill       1,816
Deferred income taxes     1,206 (7,918)
Stock-based compensation expense     1,068 1,668
(Earnings) loss from consolidated subsidiaries     0 0
Changes in assets and liabilities     (20,559) (5,471)
Net cash provided by operating activities     16,940 25,010
Cash flows from investing activities:        
Proceeds from sale of assets or stations     6,090 4,254
Restricted cash     203 336
Capital expenditures     (13,203) (11,462)
Net cash used in investing activities     (6,910) (6,872)
Cash flows from financing activities:        
Intercompany transactions, net     0 0
Deferred financing costs     (94) 0
Proceeds from exercise of warrants     0 3
Net cash (used in) provided by financing activities     (94) 3
Increase in cash and cash equivalents     9,936 18,141
Cash and cash equivalents at beginning of period     131,259 31,657
Cash and cash equivalents at end of period 141,195 49,798 141,195 49,798
Eliminations        
Cash flows from operating activities:        
Net (loss) income (117,993) (32,357) (128,298) (31,957)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:        
Depreciation and amortization     0 0
Amortization of debt issuance costs/discounts     0 0
Provision for doubtful accounts     0 0
Gain on sale of assets or stations     0 0
Impairment of intangible assets and goodwill       0
Deferred income taxes     0 0
Stock-based compensation expense     0 0
(Earnings) loss from consolidated subsidiaries     128,298 31,957
Changes in assets and liabilities     0 0
Net cash provided by operating activities     0 0
Cash flows from investing activities:        
Proceeds from sale of assets or stations     0 0
Restricted cash     0 0
Capital expenditures     0 0
Net cash used in investing activities     0 0
Cash flows from financing activities:        
Intercompany transactions, net     0 0
Deferred financing costs     0  
Proceeds from exercise of warrants       0
Net cash (used in) provided by financing activities     0 0
Increase in cash and cash equivalents     0 0
Cash and cash equivalents at beginning of period     0 0
Cash and cash equivalents at end of period 0 0 0 0
Cumulus Media Inc. (Parent Guarantor)        
Cash flows from operating activities:        
Net (loss) income 5,672 1,066 (1,723) (13,363)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:        
Depreciation and amortization     0 0
Amortization of debt issuance costs/discounts     0 0
Provision for doubtful accounts     0 0
Gain on sale of assets or stations     0 0
Impairment of intangible assets and goodwill       0
Deferred income taxes     1,742 (1,742)
Stock-based compensation expense     0 0
(Earnings) loss from consolidated subsidiaries     (4,374) 10,750
Changes in assets and liabilities     2,171 0
Net cash provided by operating activities     (2,184) (4,355)
Cash flows from investing activities:        
Proceeds from sale of assets or stations     0 0
Restricted cash     0 0
Capital expenditures     0 0
Net cash used in investing activities     0 0
Cash flows from financing activities:        
Intercompany transactions, net     2,184 4,352
Deferred financing costs     0  
Proceeds from exercise of warrants       3
Net cash (used in) provided by financing activities     2,184 4,355
Increase in cash and cash equivalents     0 0
Cash and cash equivalents at beginning of period     0 0
Cash and cash equivalents at end of period 0 0 0 0
Cumulus Media Holdings Inc. (Subsidiary Issuer)        
Cash flows from operating activities:        
Net (loss) income 10,596 2,429 4,374 (10,750)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:        
Depreciation and amortization     604 818
Amortization of debt issuance costs/discounts     4,946 4,765
Provision for doubtful accounts     0 0
Gain on sale of assets or stations     0 0
Impairment of intangible assets and goodwill       0
Deferred income taxes     35,392 (35,080)
Stock-based compensation expense     1,068 1,668
(Earnings) loss from consolidated subsidiaries     (125,741) (43,408)
Changes in assets and liabilities     140,987 149,483
Net cash provided by operating activities     61,630 67,496
Cash flows from investing activities:        
Proceeds from sale of assets or stations     0 0
Restricted cash     203 336
Capital expenditures     (5,468) (377)
Net cash used in investing activities     (5,265) (41)
Cash flows from financing activities:        
Intercompany transactions, net     (46,335) (49,314)
Deferred financing costs     (94)  
Proceeds from exercise of warrants       0
Net cash (used in) provided by financing activities     (46,429) (49,314)
Increase in cash and cash equivalents     9,936 18,141
Cash and cash equivalents at beginning of period     131,259 31,657
Cash and cash equivalents at end of period 141,195 49,798 141,195 49,798
Subsidiary Guarantors        
Cash flows from operating activities:        
Net (loss) income 108,656 30,293 125,741 43,408
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:        
Depreciation and amortization     31,798 45,248
Amortization of debt issuance costs/discounts     0 0
Provision for doubtful accounts     1,993 493
Gain on sale of assets or stations     (2,502) (3,141)
Impairment of intangible assets and goodwill       1,816
Deferred income taxes     (36,447) 29,372
Stock-based compensation expense     0 0
(Earnings) loss from consolidated subsidiaries     1,817 701
Changes in assets and liabilities     (164,906) (156,028)
Net cash provided by operating activities     (42,506) (38,131)
Cash flows from investing activities:        
Proceeds from sale of assets or stations     6,090 4,254
Restricted cash     0 0
Capital expenditures     (7,735) (11,085)
Net cash used in investing activities     (1,645) (6,831)
Cash flows from financing activities:        
Intercompany transactions, net     44,151 44,962
Deferred financing costs     0  
Proceeds from exercise of warrants       0
Net cash (used in) provided by financing activities     44,151 44,962
Increase in cash and cash equivalents     0 0
Cash and cash equivalents at beginning of period     0 0
Cash and cash equivalents at end of period 0 0 0 0
Subsidiary Non-guarantors        
Cash flows from operating activities:        
Net (loss) income (1,259) (365) (1,817) (701)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:        
Depreciation and amortization     0 0
Amortization of debt issuance costs/discounts     109 95
Provision for doubtful accounts     0 0
Gain on sale of assets or stations     0 0
Impairment of intangible assets and goodwill       0
Deferred income taxes     519 (468)
Stock-based compensation expense     0 0
(Earnings) loss from consolidated subsidiaries     0 0
Changes in assets and liabilities     1,189 1,074
Net cash provided by operating activities     0 0
Cash flows from investing activities:        
Proceeds from sale of assets or stations     0 0
Restricted cash     0 0
Capital expenditures     0 0
Net cash used in investing activities     0 0
Cash flows from financing activities:        
Intercompany transactions, net     0 0
Deferred financing costs     0  
Proceeds from exercise of warrants       0
Net cash (used in) provided by financing activities     0 0
Increase in cash and cash equivalents     0 0
Cash and cash equivalents at beginning of period     0 0
Cash and cash equivalents at end of period $ 0 $ 0 $ 0 $ 0