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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) (Subsidiary) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statements of Income        
Net revenues $ 517,852 $ 445,052 $ 969,240 $ 815,933
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 166,723 140,448 324,495 271,663
General and administrative expenses (exclusive of depreciation and amortization) 90,658 75,834 173,742 148,483
Corporate expenses (exclusive of depreciation and amortization) 27,591 20,643 49,603 38,403
Depreciation and amortization 67,750 60,622 136,377 121,371
Gain on disposition of assets (1,374) (1,481) (1,937) (1,896)
Total operating expenses 351,348 296,066 682,280 578,024
Operating income 166,504 148,986 286,960 237,909
Other expense (income)        
Loss on extinguishment of debt 0 0 0 21,604
Interest income (279) (182) (494) (356)
Interest expense 29,493 26,359 56,279 54,513
Equity in earnings of investee (355) 0 (1,101) 0
Total other expense (income) 28,859 26,177 54,684 75,761
Income before income tax expense 137,645 122,809 232,276 162,148
Income tax expense 3,440 3,200 5,920 4,210
Net income 134,205 119,609 226,356 157,938
Statements of Comprehensive Income        
Net income 134,205 119,609 226,356 157,938
Other comprehensive (loss) income        
Comprehensive income 133,522 119,909 225,987 158,442
LAMAR MEDIA CORP. AND SUBSIDIARIES        
Statements of Income        
Net revenues 517,852 445,052 969,240 815,933
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 166,723 140,448 324,495 271,663
General and administrative expenses (exclusive of depreciation and amortization) 90,658 75,519 173,742 148,168
Corporate expenses (exclusive of depreciation and amortization) 27,481 20,534 49,357 38,157
Depreciation and amortization 67,750 60,622 136,377 121,371
Gain on disposition of assets (1,374) (1,481) (1,937) (1,896)
Total operating expenses 351,238 295,642 682,034 577,463
Operating income 166,614 149,410 287,206 238,470
Other expense (income)        
Loss on extinguishment of debt 0 0 0 21,604
Interest income (279) (182) (494) (356)
Interest expense 29,493 26,359 56,279 54,513
Equity in earnings of investee (355) 0 (1,101) 0
Total other expense (income) 28,859 26,177 54,684 75,761
Income before income tax expense 137,755 123,233 232,522 162,709
Income tax expense 3,440 3,200 5,920 4,210
Net income 134,315 120,033 226,602 158,499
Statements of Comprehensive Income        
Net income 134,315 120,033 226,602 158,499
Other comprehensive (loss) income        
Foreign currency translations (683) 300 (369) 504
Comprehensive income $ 133,632 $ 120,333 $ 226,233 $ 159,003