Lamar Advertising Company (LAMR) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
C/O LAMAR ADVERTISING COMPANY BATON ROUGE, LA 70808 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 49 | 45 | 53 | 100 | 122 | 26 | |||
| Cash and cash equivalent | 49 | 45 | 53 | 100 | 122 | 26 | |||
| Receivables | 335 | 301 | 285 | 270 | 241 | 255 | |||
| Other current assets | 41 | 27 | 27 | 19 | 18 | 29 | |||
| Total current assets: | 425 | 373 | 365 | 389 | 381 | 310 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 8 | 11 | 14 | 17 | 20 | ||||
| Operating lease, right-of-use asset | 1,355 | 1,315 | 1,272 | 1,225 | 1,222 | 1,321 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,601 | 1,566 | 1,500 | 1,337 | 1,282 | 1,349 | |||
| Intangible asset, including goodwill, after accumulated amortization | 3,098 | 3,207 | 3,242 | 2,982 | 2,827 | 2,905 | |||
| Goodwill | 2,035 | 2,035 | 2,035 | 1,936 | 1,912 | 1,912 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 1,063 | 1,171 | 1,207 | 1,045 | 914 | 992 | |||
| Other noncurrent assets | 99 | 91 | 83 | 98 | 61 | 57 | |||
| Total noncurrent assets: | 6,161 | 6,190 | 6,111 | 5,659 | 5,411 | 5,631 | |||
| TOTAL ASSETS: | 6,587 | 6,564 | 6,475 | 6,047 | 5,791 | 5,941 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 156 | 125 | 137 | 151 | 117 | 122 | |||
| Accounts payable | 22 | 18 | 20 | 16 | 12 | 15 | |||
| Accrued liabilities | 134 | 107 | 118 | 135 | 105 | 107 | |||
| Deferred revenue | 154 | 127 | 132 | 137 | 111 | 127 | |||
| Debt | 251 | 251 | 251 | 176 | 124 | 423 | |||
| Other undisclosed current liabilities | 218 | 211 | 206 | 198 | 195 | ||||
| Total current liabilities: | 778 | 714 | 726 | 663 | 548 | 673 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,974 | 3,106 | 3,079 | 3,851 | 3,776 | 3,822 | |||
| Long-term debt, excluding current maturities | 2,961 | 3,091 | 3,063 | 2,839 | 2,764 | 2,754 | |||
| Finance lease, liability | 13 | 15 | 16 | 17 | 19 | ||||
| Liabilities, other than long-term debt | 1,786 | 1,527 | 1,475 | 316 | 264 | 261 | |||
| Asset retirement obligations | 615 | 398 | 390 | 269 | 223 | 226 | |||
| Deferred income tax liabilities | 8 | 12 | 10 | 6 | 5 | ||||
| Other liabilities | 49 | 42 | 39 | 40 | 37 | 34 | |||
| Operating lease, liability | 1,114 | 1,075 | 1,036 | 995 | 994 | 1,068 | |||
| Other undisclosed noncurrent liabilities | 6 | ||||||||
| Total noncurrent liabilities: | 4,760 | 4,633 | 4,554 | 4,167 | 4,041 | 4,088 | |||
| Total liabilities: | 5,539 | 5,347 | 5,280 | 4,830 | 4,589 | 4,761 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,047 | 1,216 | 1,195 | 1,217 | 1,203 | 1,180 | |||
| Treasury stock, value | (73) | (67) | (61) | (51) | (45) | (34) | |||
| Additional paid in capital | 2,159 | 2,103 | 2,062 | 2,001 | 1,964 | 1,922 | |||
| Accumulated other comprehensive income (loss) | (3) | (0) | (1) | 1 | 1 | 1 | |||
| Accumulated deficit | (1,037) | (819) | (804) | (734) | (717) | (708) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | 0 | |||||
| Equity, attributable to noncontrolling interest | 1 | 0 | |||||||
| Other undisclosed equity | 0 | 0 | |||||||
| Total equity: | 1,048 | 1,217 | 1,195 | 1,217 | 1,203 | 1,180 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,587 | 6,564 | 6,475 | 6,047 | 5,791 | 5,941 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,207 | 2,111 | 2,032 | 1,787 | 1,569 | 1,754 | ||
| Cost of revenue | (1,159) | (933) | (968) | (815) | (753) | (796) | ||
| Cost of product and service sold | (728) | (697) | (667) | (577) | (558) | (590) | ||
| Gross profit: | 1,048 | 1,178 | 1,064 | 972 | 816 | 957 | ||
| Operating expenses | (516) | (502) | (486) | (451) | (406) | (440) | ||
| Operating income: | 532 | 675 | 578 | 521 | 410 | 518 | ||
| Nonoperating expense | (165) | (169) | (122) | (124) | (162) | (150) | ||
| Interest and debt expense | (0) | (0) | (128) | (22) | (25) | (151) | ||
| Income from continuing operations before equity method investments, income taxes: | 367 | 507 | 329 | 376 | 223 | 217 | ||
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | 128 | 22 | 25 | 151 | ||
| Income from continuing operations before income taxes: | 367 | 507 | 456 | 397 | 248 | 368 | ||
| Income tax expense (benefit) | (5) | (10) | (17) | (9) | (5) | 4 | ||
| Income from continuing operations: | 363 | 497 | 439 | 388 | 243 | 372 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 388 | 243 | 372 | |
| Net income: | 363 | 497 | 439 | 388 | 243 | 372 | ||
| Other undisclosed net loss attributable to parent | (1) | (1) | ||||||
| Net income attributable to parent: | 362 | 496 | 439 | 388 | 243 | 372 | ||
| Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Net income available to common stockholders, diluted: | 362 | 495 | 438 | 388 | 243 | 372 | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 363 | 497 | 439 | 388 | 243 | 372 | ||
| Other undisclosed comprehensive income (loss) | (3) | 0 | ||||||
| Comprehensive income: | 360 | 497 | 439 | 388 | 243 | 372 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | (1) | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2) | (0) | 0 | 1 | ||||
| Comprehensive income, net of tax, attributable to parent: | 359 | 496 | 437 | 388 | 244 | 373 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.