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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1222621115362226
Cash and cash equivalents1222621115362226
Receivables241255236202190174170
Prepaid expense  8151494443
Other current assets18292652403934
Other undisclosed current assets    211
Total current assets:381310364421316282273
Noncurrent Assets
Finance lease, right-of-use asset20 
Operating lease, right-of-use asset1,2221,321
Property, plant and equipment1,2821,3491,2951,2141,1831,0951,084
Intangible assets, net (including goodwill)2,8272,9052,8352,5372,3641,9491,880
Goodwill1,9121,9121,9191,7401,7261,5471,513
Intangible assets, net (excluding goodwill)914992915796637403367
Deferred costs     2833
Other noncurrent assets61575143383737
Deferred tax assets, net    13
Other undisclosed noncurrent assets      (1)
Total noncurrent assets:5,4115,6314,1813,7943,5853,1103,046
TOTAL ASSETS:5,7915,9414,5454,2143,9003,3923,319
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities117122144216152133168
Accounts payable12152118181716
Accrued liabilities105107122198134115109
Employee-related liabilities      14
Interest and dividends payable      29
Deferred revenue111127
Debt12442320418342116
Deferred revenue and credits93918885
Contract with customer, liability107
Other undisclosed current liabilities195     (43)
Total current liabilities:548673455326277242225
Noncurrent Liabilities
Long-term debt and lease obligation3,7763,8222,6852,5392,3151,8981,884
Long-term debt, excluding current maturities2,7642,7542,6852,5392,3151,8981,884
Finance lease, liability19 
Operating lease, liability9941,068
Liabilities, other than long-term debt264261273246238231228
Asset retirement obligations223226223215211206204
Deferred tax liabilities, net21122 
Deferred income tax liabilities5 
Other liabilities37343030262323
Other undisclosed noncurrent liabilities 6     
Total noncurrent liabilities:4,0414,0882,9582,7852,5542,1292,112
Total liabilities:4,5894,7613,4133,1112,8312,3712,337
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2031,1801,1321,1031,0701,021981
Treasury stock, value(45)(34)(25)(21)(12)(6) 
Additional paid in capital1,9641,9221,8521,7621,7131,6641,612
Accumulated other comprehensive income (loss)1101(1)(1)2
Accumulated deficit(717)(708)(695)(639)(631)(636)(633)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:1,2031,1801,1321,1031,0701,021981
TOTAL LIABILITIES AND EQUITY:5,7915,9414,5454,2143,9003,3923,319

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,5691,7541,6271,5411,5001,3531,287
Revenue, net1,5411,5001,3531,287
Cost of revenue(753)(796)(763)(718)(715)(659)(673)
Cost of goods and services sold(558)(590)(562)(541)(526)(474)(453)
Gross profit:816957865823785694614
Operating expenses(406)(440)(404)(368)(346)(311)(335)
Operating income:410518461455439383279
Nonoperating expense(162)(150)(145)(128)(127)(98)(135)
Interest and debt expense(25)(151)(15)(0)(3)(98)(131)
Other undisclosed income from continuing operations before equity method investments, income taxes      131
Income from continuing operations before equity method investments, income taxes:223217301327309186143
Other undisclosed income from continuing operations before income taxes25151150398 
Income from continuing operations before income taxes:248368316327312285143
Income tax expense (benefit)(5)4(11)(9)(13)(22)110
Net income attributable to parent:243372305318299263254
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:243372305317298262253

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:243372305318299263254
Comprehensive income:243372305318299263254
Other undisclosed comprehensive income (loss), net of tax, attributable to parent01(1)21(4)(1)
Comprehensive income, net of tax, attributable to parent:244373304320299259252

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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