XML 84 R69.htm IDEA: XBRL DOCUMENT v2.4.0.6
Supplemental Condensed Consolidating Financial Information (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Condensed Financial Statements Statement of Operations        
Broadcast revenues $ 274,160 $ 124,332 $ 790,870 $ 235,989
Management fees 1,190 458 1,516 2,708
Net revenues 275,350 124,790 792,386 238,697
Operating expenses:        
Direct operating expenses (excluding depreciation, amortization and LMA fees) 161,740 73,710 484,106 142,690
Depreciation and amortization 35,239 11,025 106,321 14,702
LMA fees 928 530 2,652 1,670
Corporate general and administrative expenses (including Stock-based compensation expense of $1,601,2764,2788,15671 respectively) 12,979 44,654 46,473 61,924
Gain on exchange of assets or stations 0   0 (15,278)
Realized (gain) loss on derivative instrument (129) 1,436 624 2,681
Impairment of intangible assets     12,435  
Total operating expenses 210,757 131,355 652,611 208,389
Operating income (loss) 64,593 (6,565) 139,775 30,308
Interest expense, net (49,757) (19,503) (150,179) (34,999)
Loss on early extinguishment of debt       (4,366)
Other expense, net (224) 182 (34) 88
Gain on equity investment in Cumulus Media Partners, LLC   11,636   11,636
Total non-operating (expense) income, net (49,981) (7,685) (150,213) (27,641)
(Loss) income from continuing operations before income taxes 14,612 (14,250) (10,438) 2,667
Income tax benefit 12,175 69,206 22,862 65,723
(Loss) income from continuing operations 26,787 54,956 12,424 68,390
Income from discontinued operations , net of taxes 29,258 4,582 39,635 8,608
Net income 56,045 59,538 52,059 76,998
Cumulus Media Inc. (Parent Guarantor Member) [Member]
       
Condensed Financial Statements Statement of Operations        
Broadcast revenues            
Management fees 1,190 458 1,516 2,708
Net revenues 1,190 458 1,516 2,708
Operating expenses:        
Direct operating expenses (excluding depreciation, amortization and LMA fees)            
Depreciation and amortization 543 360 1,109 1,079
LMA fees            
Corporate general and administrative expenses (including Stock-based compensation expense of $1,601,2764,2788,15671 respectively) 12,979 44,024 46,473 61,924
Gain on exchange of assets or stations         
Realized (gain) loss on derivative instrument            
Impairment of intangible assets         
Total operating expenses 13,522 44,384 47,582 62,373
Operating income (loss) (12,332) (43,926) (46,066) (59,665)
Interest expense, net (1,361) (555) (1,696) (9,276)
Loss on early extinguishment of debt       (4,366)
Other expense, net            
Gain on equity investment in Cumulus Media Partners, LLC   11,636   11,636
Total non-operating (expense) income, net (1,361) 11,081 (1,696) (2,006)
(Loss) income from continuing operations before income taxes (13,693) (32,845) (47,762) (61,671)
Income tax benefit            
(Loss) income from continuing operations (13,693) (32,845) (47,762) (61,671)
Income from discontinued operations , net of taxes            
Earnings (loss) from consolidated subsidiaries 69,738 92,383 99,821 138,669
Net income 56,045 59,538 52,059 76,998
Cumulus Media Holdings Inc. (Subsidiary Issuer) [Member]
       
Condensed Financial Statements Statement of Operations        
Broadcast revenues            
Management fees            
Net revenues            
Operating expenses:        
Direct operating expenses (excluding depreciation, amortization and LMA fees)            
Depreciation and amortization            
LMA fees            
Corporate general and administrative expenses (including Stock-based compensation expense of $1,601,2764,2788,15671 respectively)            
Gain on exchange of assets or stations         
Realized (gain) loss on derivative instrument            
Impairment of intangible assets         
Total operating expenses            
Operating income (loss)            
Interest expense, net (48,651) (19,045) (149,336) (25,826)
Loss on early extinguishment of debt         
Other expense, net            
Gain on equity investment in Cumulus Media Partners, LLC          
Total non-operating (expense) income, net (48,651) (19,045) (149,336) (25,826)
(Loss) income from continuing operations before income taxes (48,651) (19,045) (149,336) (25,826)
Income tax benefit            
(Loss) income from continuing operations (48,651) (19,045) (149,336) (25,826)
Income from discontinued operations , net of taxes            
Earnings (loss) from consolidated subsidiaries 118,389 111,428 249,157 164,495
Net income 69,738 92,383 99,821 138,669
Subsidiary Guarantors [Member]
       
Condensed Financial Statements Statement of Operations        
Broadcast revenues 274,160 124,332 790,870 235,989
Management fees            
Net revenues 274,160 124,332 790,870 235,989
Operating expenses:        
Direct operating expenses (excluding depreciation, amortization and LMA fees) 160,280 73,404 481,601 141,859
Depreciation and amortization 34,696 10,665 105,212 13,623
LMA fees 928 530 2,652 1,670
Corporate general and administrative expenses (including Stock-based compensation expense of $1,601,2764,2788,15671 respectively)    630    630
Gain on exchange of assets or stations       (15,278)
Realized (gain) loss on derivative instrument (129) 1,436 624 2,681
Impairment of intangible assets     12,435  
Total operating expenses 195,777 86,665 602,524 145,185
Operating income (loss) 78,383 37,667 188,346 90,804
Interest expense, net 255 97 853 103
Loss on early extinguishment of debt         
Other expense, net (224) 182 (34) 88
Gain on equity investment in Cumulus Media Partners, LLC          
Total non-operating (expense) income, net 31 279 819 191
(Loss) income from continuing operations before income taxes 78,414 37,946 189,165 90,995
Income tax benefit 10,010 67,199 11,272 66,779
(Loss) income from continuing operations 88,424 105,145 200,437 157,974
Income from discontinued operations , net of taxes 35,275 8,452 48,766 12,478
Earnings (loss) from consolidated subsidiaries (5,310) (2,169) (46) (5,957)
Net income 118,389 111,428 249,157 164,495
Subsidiary Non-guarantors [Member]
       
Condensed Financial Statements Statement of Operations        
Broadcast revenues            
Management fees            
Net revenues            
Operating expenses:        
Direct operating expenses (excluding depreciation, amortization and LMA fees) 1,458 306 2,505 831
Depreciation and amortization            
LMA fees            
Corporate general and administrative expenses (including Stock-based compensation expense of $1,601,2764,2788,15671 respectively)            
Gain on exchange of assets or stations         
Realized (gain) loss on derivative instrument            
Impairment of intangible assets         
Total operating expenses 1,458 306 2,505 831
Operating income (loss) (1,458) (306) (2,505) (831)
Interest expense, net            
Loss on early extinguishment of debt         
Other expense, net            
Gain on equity investment in Cumulus Media Partners, LLC          
Total non-operating (expense) income, net            
(Loss) income from continuing operations before income taxes (1,458) (306) (2,505) (831)
Income tax benefit 2,165 2,007 11,590 (1,256)
(Loss) income from continuing operations 707 1,701 9,085 (2,087)
Income from discontinued operations , net of taxes (6,017) (3,870) (9,131) (3,820)
Earnings (loss) from consolidated subsidiaries            
Net income (5,310) (2,169) (46) (5,957)
Eliminations [Member]
       
Condensed Financial Statements Statement of Operations        
Broadcast revenues            
Management fees            
Net revenues            
Operating expenses:        
Direct operating expenses (excluding depreciation, amortization and LMA fees)            
Depreciation and amortization            
LMA fees            
Corporate general and administrative expenses (including Stock-based compensation expense of $1,601,2764,2788,15671 respectively)            
Gain on exchange of assets or stations         
Realized (gain) loss on derivative instrument            
Impairment of intangible assets         
Total operating expenses            
Operating income (loss)            
Interest expense, net            
Loss on early extinguishment of debt         
Other expense, net            
Gain on equity investment in Cumulus Media Partners, LLC          
Total non-operating (expense) income, net            
(Loss) income from continuing operations before income taxes            
Income tax benefit            
(Loss) income from continuing operations           
Income from discontinued operations , net of taxes           
Earnings (loss) from consolidated subsidiaries (182,817) (201,642) (348,932) (297,207)
Net income $ (182,817) $ (201,642) $ (348,932) $ (297,207)