XML 19 R10.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Income and Comprehensive Income (Subsidiary) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statements of Income        
Net revenues $ 541,137 $ 517,852 $ 1,012,469 $ 969,240
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 171,783 166,723 340,215 324,495
General and administrative expenses (exclusive of depreciation and amortization) 90,525 90,658 175,660 173,742
Corporate expenses (exclusive of depreciation and amortization) 28,556 27,591 57,083 49,603
Depreciation and amortization 75,158 67,750 148,283 136,377
Gain on disposition of assets (1,676) (1,374) (4,364) (1,937)
Total operating expenses 364,346 351,348 716,877 682,280
Operating income 176,791 166,504 295,592 286,960
Other (income) expense        
Interest income (477) (279) (938) (494)
Interest expense 43,649 29,493 85,093 56,279
Equity in earnings of investee (449) (355) (627) (1,101)
Total other (income) expense 42,723 28,859 83,528 54,684
Income before income tax expense 134,068 137,645 212,064 232,276
Income tax expense 3,180 3,440 4,978 5,920
Net income 130,888 134,205 207,086 226,356
Earnings attributable to non-controlling interest 268 0 425 0
Net income attributable to controlling interest 130,620 134,205 206,661 226,356
Statements of Comprehensive Income        
Net income 130,888 134,205 207,086 226,356
Other comprehensive income (loss)        
Foreign currency translation adjustments 403 (683) 401 (369)
Comprehensive income 131,291 133,522 207,487 225,987
Earnings attributable to non-controlling interest (268) 0 (425) 0
Comprehensive income attributable to controlling interest 131,023 133,522 207,062 225,987
LAMAR MEDIA CORP. AND SUBSIDIARIES        
Statements of Income        
Net revenues 541,137 517,852 1,012,469 969,240
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 171,783 166,723 340,215 324,495
General and administrative expenses (exclusive of depreciation and amortization) 90,525 90,658 175,660 173,742
Corporate expenses (exclusive of depreciation and amortization) 28,447 27,481 56,838 49,357
Depreciation and amortization 75,158 67,750 148,283 136,377
Gain on disposition of assets (1,676) (1,374) (4,364) (1,937)
Total operating expenses 364,237 351,238 716,632 682,034
Operating income 176,900 166,614 295,837 287,206
Other (income) expense        
Interest income (477) (279) (938) (494)
Interest expense 43,649 29,493 85,093 56,279
Equity in earnings of investee (449) (355) (627) (1,101)
Total other (income) expense 42,723 28,859 83,528 54,684
Income before income tax expense 134,177 137,755 212,309 232,522
Income tax expense 3,180 3,440 4,978 5,920
Net income 130,997 134,315 207,331 226,602
Earnings attributable to non-controlling interest 268 0 425 0
Net income attributable to controlling interest 130,729 134,315 206,906 226,602
Statements of Comprehensive Income        
Net income 130,997 134,315 207,331 226,602
Other comprehensive income (loss)        
Foreign currency translation adjustments 403 (683) 401 (369)
Comprehensive income 131,400 133,632 207,732 226,233
Earnings attributable to non-controlling interest (268) 0 (425) 0
Comprehensive income attributable to controlling interest $ 131,132 $ 133,632 $ 207,307 $ 226,233