Lamar Advertising Company (LAMR) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10012226211153622
Cash and cash equivalents10012226211153622
Receivables270241255236202190174
Prepaid expense   81514944
Other current assets19182926524039
Other undisclosed current assets     21
Total current assets:389381310364421316282
Noncurrent Assets
Finance lease, right-of-use asset1720 
Operating lease, right-of-use asset1,2251,2221,321
Property, plant and equipment1,3371,2821,3491,2951,2141,1831,095
Intangible assets, net (including goodwill)2,9822,8272,9052,8352,5372,3641,949
Goodwill1,9361,9121,9121,9191,7401,7261,547
Intangible assets, net (excluding goodwill)1,045914992915796637403
Deferred costs      28
Other noncurrent assets98615751433837
Total noncurrent assets:5,6595,4115,6314,1813,7943,5853,110
TOTAL ASSETS:6,0475,7915,9414,5454,2143,9003,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities151117122144216152133
Accounts payable16121521181817
Accrued liabilities135105107122198134115
Deferred revenue137111127
Debt176124423204183421
Deferred revenue and credits939188
Contract with customer, liability107
Other undisclosed current liabilities198195     
Total current liabilities:663548673455326277242
Noncurrent Liabilities
Long-term debt and lease obligation3,8513,7763,8222,6852,5392,3151,898
Long-term debt, excluding current maturities2,8392,7642,7542,6852,5392,3151,898
Finance lease, liability1719 
Operating lease, liability9959941,068
Liabilities, other than long-term debt316264261273246238231
Asset retirement obligations269223226223215211206
Deferred tax liabilities, net21122
Deferred income tax liabilities65 
Other liabilities40373430302623
Other undisclosed noncurrent liabilities  6    
Total noncurrent liabilities:4,1674,0414,0882,9582,7852,5542,129
Total liabilities:4,8304,5894,7613,4133,1112,8312,371
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2171,2031,1801,1321,1031,0701,021
Treasury stock, value(51)(45)(34)(25)(21)(12)(6)
Additional paid in capital2,0011,9641,9221,8521,7621,7131,664
Accumulated other comprehensive income (loss)11101(1)(1)
Accumulated deficit(734)(717)(708)(695)(639)(631)(636)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:1,2171,2031,1801,1321,1031,0701,021
TOTAL LIABILITIES AND EQUITY:6,0475,7915,9414,5454,2143,9003,392

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,7871,5691,7541,6271,5411,5001,353
Revenue, net1,5411,5001,353
Cost of revenue(815)(753)(796)(763)(718)(715)(659)
Cost of goods and services sold(577)(558)(590)(562)(541)(526)(474)
Gross profit:972816957865823785694
Operating expenses(451)(406)(440)(404)(368)(346)(311)
Operating income:521410518461455439383
Nonoperating expense(124)(162)(150)(145)(128)(127)(98)
Interest and debt expense(22)(25)(151)(15)(0)(3)(98)
Income from continuing operations before equity method investments, income taxes:376223217301327309186
Other undisclosed income from continuing operations before income taxes2225151150398
Income from continuing operations before income taxes:397248368316327312285
Income tax expense (benefit)(9)(5)4(11)(9)(13)(22)
Net income attributable to parent:388243372305318299263
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:388243372305317298262

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:388243372305318299263
Comprehensive income:388243372305318299263
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)01(1)21(4)
Comprehensive income, net of tax, attributable to parent:388244373304320299259

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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