Salem Communications Corp.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 236,934 229,179 218,166 206,458
Cost of Revenue 164,529 158,205 147,846 138,369
Gross Profit 72,405 70,974 70,320 68,089
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 21,430 18,892 17,503 16,613
Non-Recurring Items 1,444 6,896 - -
Other 15,262 14,647 14,971 14,588
Operating Income 34,533 30,490 41,999 36,633
Income From Continuing Operations
Add'l Income/Expense Items (24,268) (952) 2,288 (1,920)
Earnings Before Interest and Tax 10,001 29,587 40,134 34,968
Interest Expense 16,892 24,911 27,665 30,297
Earnings Before Tax (6,891) 4,676 12,469 4,671
Income Tax (4,192) 153 6,110 2,695
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (2,699) 4,523 6,359 1,976
Non Recurring Events
Discontinued Operations (37) (95) (741) (44)
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (2,736) 4,428 5,618 1,932
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (2,736) 4,428 5,618 1,932