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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 38,329 $ 40,493
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 60,749 62,313
Stock-based compensation 3,675 3,437
Amortization included in interest expense 1,371 1,378
Gain on disposition of assets (415) (2,504)
Loss on extinguishment of debt 21,604 18,179
Deferred tax benefit (1,020) (419)
Provision for doubtful accounts (371) 3,206
Decrease (increase) in:    
Receivables 22,691 (290)
Prepaid expenses (1,408) 815
Other assets (5,438) (9,600)
(Decrease) increase in:    
Trade accounts payable (1,147) 91
Accrued expenses (22,182) (20,982)
Operating lease liabilities (34,250) (28,324)
Other liabilities 1,130 (4,861)
Net cash provided by operating activities 83,318 62,932
Cash flows from investing activities:    
Acquisitions (3,333) (13,565)
Capital expenditures (16,332) (25,709)
Proceeds from disposition of assets and investments 1,842 3,686
Net cash used in investing activities (17,823) (35,588)
Cash flows from financing activities:    
Cash used for purchase of treasury stock (5,717) (10,068)
Net proceeds from issuance of common stock 7,396 3,212
Principal payments on long-term debt (96) (89)
Principal payments on financing leases (483) 0
Payments on revolving credit facility 0 (180,000)
Proceeds received from revolving credit facility 25,000 655,000
Redemption of senior notes (668,688) (519,139)
Proceeds received from note offering 550,000 1,000,000
Proceeds received from accounts receivable securitization program 32,500 0
Proceeds received from senior credit facility term loans 0 598,500
Payments on senior credit facility term loans 0 (978,097)
Debt issuance costs (8,067) (24,042)
Distributions to non-controlling interest (24) (860)
Dividends/distributions (75,909) (100,778)
Net cash (used in) provided by financing activities (144,088) 443,639
Effect of exchange rate changes in cash and cash equivalents 70 (532)
Net (decrease) increase in cash and cash equivalents (78,523) 470,451
Cash and cash equivalents at beginning of period 121,569 26,188
Cash and cash equivalents at end of period 43,046 496,639
Supplemental disclosures of cash flow information:    
Cash paid for interest 43,343 42,982
Cash paid for foreign, state and federal income taxes 1,429 1,878
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]    
Cash flows from operating activities:    
Net income 38,466 40,617
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 60,749 62,313
Stock-based compensation 3,675 3,437
Amortization included in interest expense 1,371 1,378
Gain on disposition of assets (415) (2,504)
Loss on extinguishment of debt 21,604 18,179
Deferred tax benefit (1,020) (419)
Provision for doubtful accounts (371) 3,206
Decrease (increase) in:    
Receivables 22,691 (290)
Prepaid expenses (1,408) 815
Other assets (5,438) (9,600)
(Decrease) increase in:    
Trade accounts payable (1,147) 91
Accrued expenses (22,182) (20,982)
Operating lease liabilities (34,250) (28,324)
Other liabilities (13,533) (31,293)
Net cash provided by operating activities 68,792 36,624
Cash flows from investing activities:    
Acquisitions (3,333) (13,565)
Capital expenditures (16,332) (25,709)
Proceeds from disposition of assets and investments 1,842 3,686
Net cash used in investing activities (17,823) (35,588)
Cash flows from financing activities:    
Principal payments on long-term debt (96) (89)
Principal payments on financing leases (483) 0
Payments on revolving credit facility 0 (180,000)
Proceeds received from revolving credit facility 25,000 655,000
Redemption of senior notes (668,688) (519,139)
Proceeds received from note offering 550,000 1,000,000
Proceeds received from accounts receivable securitization program 32,500 0
Proceeds received from senior credit facility term loans 0 598,500
Payments on senior credit facility term loans 0 (978,097)
Debt issuance costs (8,067) (24,042)
Distributions to non-controlling interest (24) (860)
Contributions from parent 21,831 29,429
Dividend to parent (81,535) (110,755)
Net cash (used in) provided by financing activities (129,562) 469,947
Effect of exchange rate changes in cash and cash equivalents 70 (532)
Net (decrease) increase in cash and cash equivalents (78,523) 470,451
Cash and cash equivalents at beginning of period 121,069 25,688
Cash and cash equivalents at end of period 42,546 496,139
Supplemental disclosures of cash flow information:    
Cash paid for interest 43,343 42,982
Cash paid for foreign, state and federal income taxes $ 1,429 $ 1,878