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Condensed Consolidated Balance Sheets (Subsidiary) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 36,405 $ 44,605
Receivables, net of allowance for doubtful accounts of $11,952 and $12,477 in 2024 and 2023, respectively 298,509 301,189
Other current assets 41,162 27,392
Total current assets 376,076 373,186
Property, plant and equipment 4,289,440 4,274,831
Less accumulated depreciation and amortization (2,731,409) (2,708,361)
Net property, plant and equipment 1,558,031 1,566,470
Operating lease right of use assets 1,302,629 1,315,433
Financing lease right of use assets 10,471 11,184
Goodwill 2,035,220 2,035,271
Intangible assets, net 1,150,081 1,171,434
Other assets 92,559 90,644
Total assets 6,525,067 6,563,622
Current liabilities:    
Trade accounts payable 18,435 18,238
Current maturities of long-term debt, net of deferred financing costs of $339 and $380 in 2024 and 2023, respectively 585,763 250,018
Current operating lease liabilities 174,955 210,568
Current financing lease liabilities 1,331 1,331
Accrued expenses 79,483 107,195
Deferred income 132,644 126,547
Total current liabilities 992,611 713,897
Long-term debt, net of deferred financing costs of $27,380 and $28,865 in 2024 and 2023, respectively 2,815,573 3,091,109
Operating lease liabilities 1,066,058 1,075,285
Financing lease liabilities 14,282 14,614
Deferred income tax liabilities 12,293 12,047
Asset retirement obligation 396,539 397,991
Other liabilities 44,074 41,891
Total liabilities 5,341,430 5,346,834
Stockholders’ equity:    
Additional paid-in capital 2,129,944 2,103,282
Accumulated comprehensive loss (820) (428)
Accumulated deficit (874,130) (819,235)
Non-controlling interest 1,228 414
Stockholder's equity 1,183,637 1,216,788
Total liabilities and stockholders’ equity 6,525,067 6,563,622
LAMAR MEDIA CORP. AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents 35,905 44,105
Receivables, net of allowance for doubtful accounts of $11,952 and $12,477 in 2024 and 2023, respectively 298,509 301,189
Other current assets 41,162 27,392
Total current assets 375,576 372,686
Property, plant and equipment 4,289,440 4,274,831
Less accumulated depreciation and amortization (2,731,409) (2,708,361)
Net property, plant and equipment 1,558,031 1,566,470
Operating lease right of use assets 1,302,629 1,315,433
Financing lease right of use assets 10,471 11,184
Goodwill 2,025,068 2,025,119
Intangible assets, net 1,149,613 1,170,967
Other assets 86,937 85,021
Total assets 6,508,325 6,546,880
Current liabilities:    
Trade accounts payable 18,435 18,238
Current maturities of long-term debt, net of deferred financing costs of $339 and $380 in 2024 and 2023, respectively 585,763 250,018
Current operating lease liabilities 174,955 210,568
Current financing lease liabilities 1,331 1,331
Accrued expenses 69,524 97,464
Deferred income 132,644 126,547
Total current liabilities 982,652 704,166
Long-term debt, net of deferred financing costs of $27,380 and $28,865 in 2024 and 2023, respectively 2,815,573 3,091,109
Operating lease liabilities 1,066,058 1,075,285
Financing lease liabilities 14,282 14,614
Deferred income tax liabilities 12,293 12,047
Asset retirement obligation 396,539 397,991
Other liabilities 44,074 41,891
Total liabilities 5,331,471 5,337,103
Stockholders’ equity:    
Common stock, value 0 0
Additional paid-in capital 3,200,451 3,173,789
Accumulated comprehensive loss (820) (428)
Accumulated deficit (2,024,005) (1,963,998)
Non-controlling interest 1,228 414
Stockholder's equity 1,176,854 1,209,777
Total liabilities and stockholders’ equity $ 6,508,325 $ 6,546,880