Lamar Advertising Company (LAMR) financial statements (2021 and earlier)

Company profile

Business Address C/O LAMAR ADVERTISING COMPANY
BATON ROUGE, LA 70808
State of Incorp. DE
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12269177497262317
Cash and cash equivalents12269177497262317
Receivables241226232251255265249
Other current assets18253537292836
Total current assets:381320444785310317302
Noncurrent Assets
Finance lease, right-of-use asset20      
Operating lease, right-of-use asset1,2221,2651,2931,3281,3211,296 
Property, plant and equipment1,2821,2941,3201,3441,3491,3411,316
Intangible assets, net (including goodwill)2,8272,8422,8672,8832,9052,9222,836
Goodwill1,9121,9121,9121,9121,9121,9031,883
Intangible assets, net (excluding goodwill)9149309559719921,020954
Other noncurrent assets61575753575654
Other undisclosed noncurrent assets      1,291
Total noncurrent assets:5,4115,4595,5375,6085,6315,6155,497
TOTAL ASSETS:5,7915,7785,9826,3935,9415,9325,799
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11788857412210396
Accounts payable12111213151816
Accrued liabilities1057773621078580
Deferred revenue111117126123127130 
Debt1241319342423387210
Contract with customer, liability127
Other undisclosed current liabilities195176174   172
Total current liabilities:548512394539673620604
Noncurrent Liabilities
Long-term debt and lease obligation3,7763,8664,2014,4543,8223,8802,763
Long-term debt, excluding current maturities2,7642,8333,1473,3822,7542,8362,763
Finance lease, liability19      
Operating lease, liability9941,0331,0541,0721,0681,044 
Liabilities, other than long-term debt264262263257261259262
Asset retirement obligations223224225227226226224
Deferred tax liabilities, net5
Deferred income tax liabilities544    
Other liabilities37343430343333
Other undisclosed noncurrent liabilities   5651,031
Total noncurrent liabilities:4,0414,1274,4644,7164,0884,1444,055
Total liabilities:4,5894,6394,8585,2554,7614,7644,660
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2031,1391,1231,1381,1801,1681,139
Treasury stock, value(45)(44)(44)(44)(34)(34)(34)
Additional paid in capital1,9641,9591,9561,9521,9221,9161,891
Accumulated other comprehensive income (loss)10(0)(1)101
Accumulated deficit(717)(776)(788)(769)(708)(715)(718)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:1,2031,1391,1231,1381,1801,1681,139
TOTAL LIABILITIES AND EQUITY:5,7915,7785,9826,3935,9415,9325,799

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues429386348407463458449
Cost of revenue(105)(215)(215)(226)(125)(236)(227)
Cost of goods and services sold(138)(136)(134)(149)(154)(149)(146)
Gross profit:323171133181337222222
Operating expenses(182)(65)(66)(84)(196)(80)(78)
Operating income:1411066697141141144
Nonoperating expense(30)(42)(35)(55)(36)(38)(38)
Interest and debt expense (7)(0)(18)(36)(38)(38)
Income from continuing operations before equity method investments, income taxes:111573124696568
Other undisclosed income from continuing operations before income taxes 7018363838
Income from continuing operations before income taxes:111643142105103106
Income tax expense (benefit)(2)(1)0(2)(2)(4)12
Net income attributable to parent:109633140103100118
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:109633140103100118

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:109633140103100118
Comprehensive income:109633140103100118
Other undisclosed comprehensive income (loss), net of tax, attributable to parent101(2)0(0)0
Comprehensive income, net of tax, attributable to parent:109633239103100119

Statements sources

The financial statements are based on the company's filings with the 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.

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