|
Cash Flow for
Salem Communications Corporation
(SALM)
|
|
|
|
|
|
|
| Cash Flow |
in Thousands of Dollars |
|
|
| Net Income |
- |
- |
1,976 |
(8,263) |
(35,090) |
| Depreciation |
14,647 |
14,971 |
14,588 |
15,120 |
16,102 |
| Amortization |
1,470 |
1,742 |
1,828 |
1,421 |
12,100 |
| Amortization of Intagibles |
- |
- |
- |
- |
- |
| Deferred Income Taxes |
(101) |
5,404 |
2,387 |
(3,161) |
(18,145) |
| Operating Gains/Losses |
1,137 |
(1,984) |
2,087 |
1,092 |
(6,892) |
| Extraordinary Gains/Losses |
- |
- |
- |
- |
- |
| Decrease in Receivables |
(2,556) |
(633) |
(4,407) |
(3,618) |
(3,023) |
| Decrease in Inventories |
- |
- |
- |
- |
- |
| Decrease in Prepaid Expenses |
118 |
(81) |
(175) |
(430) |
81 |
| Decrease in Other Current Assets |
- |
- |
- |
- |
- |
| Increase in Payables |
- |
- |
710 |
643 |
(1,396) |
| Increase in Other Current Liabilities |
(30) |
(5) |
123 |
(260) |
1,844 |
| Decrease in Other Working Capital |
1,051 |
2,965 |
403 |
(274) |
110 |
| Other Non-Cash Items |
12,060 |
4,709 |
3,297 |
37,198 |
70,663 |
| Net Cash from Continuing Operations |
30,849 |
31,705 |
22,817 |
39,468 |
36,354 |
| Net Cash from Discontinued Operations |
(1) |
(625) |
(262) |
(83) |
(1,222) |
| Cash from Operating Activities |
30,848 |
31,080 |
22,555 |
39,385 |
35,132 |
|
|
| Sale of Property, Plant, Equipment |
907 |
- |
- |
2,725 |
9,253 |
| Sale of Long Term Investments |
- |
- |
- |
- |
- |
| Sale of Short Term Investments |
- |
- |
- |
- |
- |
| Purchase of Property, Plant, Equipment |
(3,330) |
(3,151) |
(3,090) |
- |
(21,493) |
| Acquisitions |
(7,365) |
(6,000) |
(3,470) |
(3,745) |
(1,339) |
| Purchase of Long Term Investments |
- |
- |
- |
- |
- |
| Purchase of Short Term Investments |
- |
- |
- |
- |
- |
| Other Investment Changes, Net |
- |
- |
(7,217) |
(1,831) |
(6,954) |
| Cash from Investing Activities |
(19,066) |
(3,757) |
(14,522) |
(2,851) |
(8,683) |
| Cash from Discontinued Investing Activities |
- |
744 |
(745) |
- |
11,850 |
|
| Issuance of Debt |
154,169 |
121,050 |
54,000 |
313,095 |
15,000 |
| Issuance of Capital Stock |
409 |
24 |
338 |
- |
- |
| Repayment of Debt |
(42,625) |
(35,116) |
(64,086) |
(326,634) |
(35,100) |
| Repurchase of Capital Stock |
- |
- |
- |
- |
(1,396) |
| Payment of Cash Dividends |
(3,412) |
- |
(4,840) |
- |
- |
| Other Financing Charges, Net |
24,659 |
(1,642) |
(1,562) |
(15,942) |
(3,508) |
| Cash from Financing Activities |
(11,469) |
(28,084) |
(16,150) |
(29,481) |
(25,004) |
| Cash from Discontinued Financing Activities |
- |
- |
- |
- |
- |
|
|
| Effect of Exchange Rate Changes |
- |
- |
- |
- |
- |
| Net Change in Cash |
313 |
(761) |
(8,117) |
7,053 |
1,445 |
|
| Cash at Beginning of Year |
67 |
828 |
8,945 |
1,892 |
447 |
| Cash at End of Period |
380 |
67 |
828 |
8,945 |
1,892 |
| Foreign Sales |
- |
- |
- |
- |
N/A |
| Domestic Sales |
- |
- |
- |
- |
N/A |
|
|
|
