SALEM MEDIA GROUP, INC. /DE/ — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that SALEM MEDIA GROUP, INC. /DE/ filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $67.21M | Mar 16, 2018 |
| FY2017 | Sep 30, 2017 | $65.43M | Mar 16, 2018 |
| FY2017 | Jun 30, 2017 | $66.11M | Mar 16, 2018 |
| FY2017 | Mar 31, 2017 | $64.98M | Mar 16, 2018 |
| FY2017 | Dec 31, 2016 | $70.70M | Mar 16, 2018 |
| FY2017 | Sep 30, 2016 | $71.27M | Mar 16, 2018 |
| FY2017 | Jun 30, 2016 | $67.78M | Mar 16, 2018 |
| FY2017 | Mar 31, 2016 | $64.58M | Mar 16, 2018 |
| FY2016 | Dec 31, 2015 | $69.15M | Mar 10, 2017 |
| FY2016 | Sep 30, 2015 | $67.49M | Mar 10, 2017 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $266.97M | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | $258.25M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $236.24M | Mar 4, 2022 |
| FY2020 | Dec 31, 2019 | $253.90M | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | $262.78M | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $263.74M | Mar 13, 2019 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $263.74M | Mar 16, 2018 |
| FY2017 | Dec 31, 2016 | $274.32M | Mar 16, 2018 |
| FY2017 | Dec 31, 2015 | $265.79M | Mar 16, 2018 |
| FY2016 | Dec 31, 2014 | $266.54M | Mar 10, 2017 |
| FY2015 | Dec 31, 2013 | $236.93M | Mar 11, 2016 |
| FY2014 | Dec 31, 2012 | $229.18M | Mar 13, 2015 |
| FY2013 | Dec 31, 2011 | $218.17M | Mar 3, 2014 |
| FY2012 | Dec 31, 2010 | $206.46M | Mar 1, 2013 |
| FY2011 | Dec 31, 2009 | $199.21M | Mar 9, 2012 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | ($3.24M) | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | $41.51M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | ($54.06M) | Mar 4, 2022 |
| FY2020 | Dec 31, 2019 | ($27.84M) | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | ($3.19M) | Mar 13, 2020 |
| FY2017 | Dec 31, 2017 | $22.36M | Mar 16, 2018 |
| FY2017 | Sep 30, 2017 | ($46.0K) | Mar 16, 2018 |
| FY2017 | Jun 30, 2017 | $1.27M | Mar 16, 2018 |
| FY2017 | Mar 31, 2017 | $1.06M | Mar 16, 2018 |
| FY2017 | Dec 31, 2016 | $2.97M | Mar 16, 2018 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $5.15M | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | $46.25M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | ($7.75M) | Mar 4, 2022 |
| FY2020 | Dec 31, 2019 | ($8.20M) | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | $16.97M | Mar 13, 2020 |
| FY2017 | Dec 31, 2017 | $4.53M | Mar 16, 2018 |
| FY2017 | Sep 30, 2017 | $5.01M | Mar 16, 2018 |
| FY2017 | Jun 30, 2017 | $8.62M | Mar 16, 2018 |
| FY2017 | Mar 31, 2017 | $4.82M | Mar 16, 2018 |
| FY2017 | Dec 31, 2016 | $3.46M | Mar 16, 2018 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $7.74M | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | $22.49M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $22.85M | Mar 4, 2022 |
| FY2020 | Dec 31, 2019 | $17.01M | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | $22.96M | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $27.33M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $38.87M | Mar 16, 2018 |
| FY2017 | Dec 31, 2015 | $36.13M | Mar 16, 2018 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2014 | Dec 31, 2014 | $10.07M | Mar 13, 2015 |
| FY2014 | Dec 31, 2013 | $10.64M | Mar 13, 2015 |
| FY2014 | Dec 31, 2012 | $8.55M | Mar 13, 2015 |
| FY2013 | Dec 31, 2011 | $7.52M | Mar 3, 2014 |
| FY2012 | Dec 31, 2010 | $7.82M | Mar 1, 2013 |
| FY2011 | Dec 31, 2009 | $3.73M | Mar 9, 2012 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $505.12M | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | $516.11M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $524.57M | Mar 4, 2022 |
| FY2020 | Dec 31, 2019 | $558.43M | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | $559.03M | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $572.82M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $590.27M | Mar 16, 2018 |
| FY2016 | Dec 31, 2015 | $596.17M | Mar 10, 2017 |
| FY2015 | Dec 31, 2014 | $583.16M | Mar 11, 2016 |
| FY2014 | Dec 31, 2013 | $575.11M | Mar 13, 2015 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $329.77M | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | $337.90M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $389.29M | Mar 4, 2022 |
| FY2020 | Dec 31, 2019 | $368.77M | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | $337.16M | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $341.54M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $379.08M | Mar 16, 2018 |
| FY2016 | Dec 31, 2015 | $386.35M | Mar 10, 2017 |
| FY2015 | Dec 31, 2014 | $379.17M | Mar 11, 2016 |
| FY2014 | Dec 31, 2013 | $373.33M | Mar 13, 2015 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $175.36M | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | $178.21M | Mar 13, 2023 |
| FY2022 | Dec 31, 2020 | $135.28M | Mar 13, 2023 |
| FY2021 | Dec 31, 2019 | $189.66M | Mar 4, 2022 |
| FY2020 | Dec 31, 2018 | $221.87M | Mar 4, 2021 |
| FY2019 | Dec 31, 2017 | $231.28M | Mar 13, 2020 |
| FY2018 | Jan 3, 2017 | $211.19M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $211.19M | Mar 16, 2018 |
| FY2017 | Dec 31, 2015 | $207.22M | Mar 16, 2018 |
| FY2017 | Dec 31, 2014 | $201.47M | Mar 16, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $24.09M | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | $23.99M | Mar 13, 2023 |
| FY2021 | Jul 1, 2021 | $200.0K | Mar 4, 2022 |
| FY2022 | Dec 31, 2020 | $23.76M | Mar 13, 2023 |
| FY2021 | Dec 31, 2019 | $24.00M | Mar 4, 2022 |
| FY2020 | Dec 31, 2018 | $26.79M | Mar 4, 2021 |
| FY2019 | Dec 31, 2017 | $26.42M | Mar 13, 2020 |
| FY2018 | Jan 3, 2017 | $25.61M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $25.61M | Mar 16, 2018 |
| FY2017 | Dec 31, 2015 | $24.56M | Mar 16, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | ($39.75M) | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | ($36.51M) | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | ($78.02M) | Mar 4, 2022 |
| FY2020 | Dec 31, 2019 | $23.29M | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | $10.37M | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $20.37M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $2.52M | Mar 16, 2018 |
| FY2017 | Dec 31, 2015 | $321.0K | Mar 16, 2018 |
| FY2017 | Dec 31, 2014 | ($4.22M) | Mar 16, 2018 |
| FY2014 | Dec 31, 2013 | ($2.06M) | Mar 13, 2015 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $0 | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | $1.79M | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | $6.33M | Mar 4, 2022 |
| FY2021 | Dec 31, 2019 | $6.0K | Mar 4, 2022 |
| FY2020 | Dec 31, 2018 | $117.0K | Mar 4, 2021 |
| FY2019 | Dec 31, 2017 | $3.0K | Mar 13, 2020 |
| FY2017 | Dec 31, 2016 | $130.0K | Mar 16, 2018 |
| FY2017 | Dec 31, 2015 | $98.0K | Mar 16, 2018 |
| FY2017 | Dec 31, 2014 | $33.0K | Mar 16, 2018 |
| FY2016 | Dec 31, 2013 | $65.0K | Mar 10, 2017 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $162.72M | Mar 13, 2023 |
| FY2021 | Dec 31, 2021 | $174.91M | Mar 4, 2022 |
| FY2020 | Dec 31, 2020 | $221.34M | Mar 4, 2021 |
| FY2019 | Dec 31, 2019 | $232.26M | Mar 13, 2020 |
| FY2018 | Dec 31, 2018 | $19.66M | Mar 13, 2019 |
| FY2018 | Dec 31, 2017 | $9.00M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $0 | Mar 16, 2018 |
| FY2014 | Mar 14, 2013 | $0 | Mar 13, 2015 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | 0 | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | 1 | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | (2) | Mar 4, 2022 |
| FY2020 | Dec 31, 2019 | (1) | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | 0 | Mar 13, 2020 |
| FY2017 | Dec 31, 2017 | 0 | Mar 16, 2018 |
| FY2017 | Sep 30, 2017 | 0 | Mar 16, 2018 |
| FY2017 | Jun 30, 2017 | 0 | Mar 16, 2018 |
| FY2017 | Mar 31, 2017 | 0 | Mar 16, 2018 |
| FY2017 | Dec 31, 2016 | 0 | Mar 16, 2018 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | 0 | Mar 13, 2023 |
| FY2022 | Dec 31, 2021 | 1 | Mar 13, 2023 |
| FY2021 | Dec 31, 2020 | (2) | Mar 4, 2022 |
| FY2020 | Dec 31, 2019 | (1) | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | 0 | Mar 13, 2020 |
| FY2017 | Dec 31, 2017 | 0 | Mar 16, 2018 |
| FY2017 | Sep 30, 2017 | 0 | Mar 16, 2018 |
| FY2017 | Jun 30, 2017 | 0 | Mar 16, 2018 |
| FY2017 | Mar 31, 2017 | 0 | Mar 16, 2018 |
| FY2017 | Dec 31, 2016 | 0 | Mar 16, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2021 | Dec 31, 2021 | $0 | Mar 4, 2022 |
| FY2021 | Dec 31, 2020 | $667.0K | Mar 4, 2022 |
| FY2020 | Mar 31, 2020 | $700.0K | Mar 4, 2021 |
| FY2020 | Dec 31, 2019 | $5.83M | Mar 4, 2021 |
| FY2019 | Dec 31, 2018 | $6.81M | Mar 13, 2020 |
| FY2018 | Dec 31, 2017 | $6.79M | Mar 13, 2019 |
| FY2017 | Dec 29, 2017 | $1.70M | Mar 16, 2018 |
| FY2017 | Sep 29, 2017 | $1.70M | Mar 16, 2018 |
| FY2017 | Jun 30, 2017 | $1.70M | Mar 16, 2018 |
| FY2017 | Mar 30, 2017 | $1.70M | Mar 16, 2018 |