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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (1,814) $ (33,764)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 146,283 156,507
Non-cash equity based compensation 4,678 7,800
Amortization included in interest expense 9,141 8,042
Gain on disposition of assets (7,358) (2,619)
Loss on extinguishment of debt   17,398
Deferred tax benefit (1,207) (20,406)
Provision for doubtful accounts 2,716 3,779
(Increase) decrease in:    
Receivables (17,008) (9,274)
Prepaid expenses (18,535) (16,617)
Other assets 306 (385)
Increase (decrease) in:    
Trade accounts payable (523) (826)
Accrued expenses (7,771) (11,675)
Other liabilities 1,531 (4,790)
Net cash provided by operating activities 110,439 93,170
Cash flows from investing activities:    
Acquisitions (9,181) (1,354)
Capital expenditures (54,653) (15,688)
Proceeds from disposition of assets 9,293 3,726
Payments received on notes receivable 180 197
Net cash used in investing activities (54,361) (13,119)
Cash flows from financing activities:    
Debt issuance costs   (32,274)
Cash used for purchase of treasury stock (3,481) (1,629)
Net proceeds from issuance of common stock 2,786 3,971
Net payments under senior credit agreement (128,441) (150,198)
Net proceeds from senior credit agreement refinancing   5,360
Payment on convertible notes   (1,000)
Proceeds from note offering   400,000
Net payment on 7 1/4% Senior Subordinated Notes due 2013   (389,647)
Dividends (182) (182)
Net cash used in financing activities (129,318) (165,599)
Effect of exchange rate changes in cash and cash equivalents 224 171
Net decrease in cash and cash equivalents (73,016) (85,377)
Cash and cash equivalents at beginning of period 91,679 112,253
Cash and cash equivalents at end of period 18,663 26,876
Supplemental disclosures of cash flow information:    
Cash paid for interest 77,812 95,862
Cash paid for foreign, state and federal income taxes 1,069 2,106
LAMAR MEDIA CORP
   
Cash flows from operating activities:    
Net loss (1,728) (33,708)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 146,283 156,507
Non-cash equity based compensation 4,678 7,800
Amortization included in interest expense 9,141 7,990
Gain on disposition of assets (7,358) (2,619)
Loss on extinguishment of debt   17,402
Deferred tax benefit (1,106) (20,377)
Provision for doubtful accounts 2,716 3,779
(Increase) decrease in:    
Receivables (17,008) (9,274)
Prepaid expenses (18,535) (16,617)
Other assets 317 (385)
Increase (decrease) in:    
Trade accounts payable (523) (826)
Accrued expenses (7,771) (11,675)
Other liabilities (721) (4,791)
Net cash provided by operating activities 108,385 93,206
Cash flows from investing activities:    
Acquisitions (9,181) (1,354)
Capital expenditures (54,653) (15,688)
Proceeds from disposition of assets 9,293 3,726
Payments received on notes receivable 180 197
Net cash used in investing activities (54,361) (13,119)
Cash flows from financing activities:    
Debt issuance costs   (32,274)
Net payments under senior credit agreement (128,441) (150,198)
Net proceeds from senior credit agreement refinancing   5,360
Proceeds from note offering   400,000
Net payment on 7 1/4% Senior Subordinated Notes due 2013   (389,647)
Contributions from parent 7,463 3,971
Dividend to parent (3,481) (1,629)
Net cash used in financing activities (124,459) (164,417)
Effect of exchange rate changes in cash and cash equivalents 224 171
Net decrease in cash and cash equivalents (70,211) (84,159)
Cash and cash equivalents at beginning of period 88,565 105,306
Cash and cash equivalents at end of period 18,354 21,147
Supplemental disclosures of cash flow information:    
Cash paid for interest 77,812 95,821
Cash paid for foreign, state and federal income taxes $ 1,069 $ 2,106