SALEM MEDIA GROUP, INC. /DE/ (SALM) › Shareholders' EquitySALEM MEDIA GROUP, INC. /DE/ (SALM) — Shareholders' EquityAnnual figures by fiscal year, from SEC filings.2008: $203.12M2009: $197.20M2010: $196.40M2011: $203.05M2012: $206.07M2013: $201.78M2014: $201.47M2015: $207.22M2016: $211.19M2017: $231.28M2018: $221.87M2019: $189.66M2020: $135.28M2021: $178.21M2022: $175.36M$175.36M2008Shareholders' Equity (USD)2022Fiscal YearShareholders' EquityChange YoY2022$175.36M-1.6%2021$178.21M+31.7%2020$135.28M-28.7%2019$189.66M-14.5%2018$221.87M-4.1%2017$231.28M+9.5%2016$211.19M+1.9%2015$207.22M+2.9%2014$201.47M-0.2%2013$201.78M-2.1%2012$206.07M+1.5%2011$203.05M+3.4%2010$196.40M-0.4%2009$197.20M-2.9%2008$203.12M—Other metrics: RevenueCost of RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per Share