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Condensed Consolidated Statements of Cash Flows (Unaudited) (Subsidiary) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 92,151 $ 38,329
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 68,627 60,749
Stock-based compensation 1,780 3,675
Amortization included in interest expense 1,471 1,371
Gain on disposition of assets (563) (415)
Loss on extinguishment of debt 0 21,604
Equity in earnings of investee (746) 0
Deferred tax benefit (342) (1,020)
Provision for doubtful accounts (39) (371)
Decrease (increase) in:    
Receivables 14,394 22,691
Prepaid expenses (5,537) (1,408)
Other assets (8,265) (5,438)
(Decrease) increase in:    
Trade accounts payable (1,496) (1,147)
Accrued expenses (22,500) (22,182)
Operating lease liabilities (30,786) (34,250)
Other liabilities (6,111) 1,130
Net cash provided by (used in) operating activities 102,038 83,318
Cash flows from investing activities:    
Acquisitions (55,293) (3,333)
Capital expenditures (28,759) (16,332)
Proceeds from disposition of assets and investments 710 1,842
Net cash used in investing activities (83,342) (17,823)
Cash flows from financing activities:    
Principal payments on long-term debt (92) (96)
Principal payments on financing leases (333) (483)
Payments on revolving credit facility (50,000) 0
Proceeds received from revolving credit facility 165,000 25,000
Redemption of senior notes 0 (668,688)
Proceeds received from note offering 0 550,000
Proceeds received from accounts receivable securitization program 0 32,500
Debt issuance costs 0 (8,067)
Distributions to non-controlling interest (46) (24)
Net cash used in financing activities (2,713) (144,088)
Effect of exchange rate changes in cash and cash equivalents 107 70
Net increase (decrease) in cash and cash equivalents 16,090 (78,523)
Cash and cash equivalents at beginning of period 99,788 121,569
Cash and cash equivalents at end of period 115,878 43,046
Supplemental disclosures of cash flow information:    
Cash paid for interest 25,378 43,343
Cash paid for foreign, state and federal income taxes 3,716 1,429
LAMAR MEDIA CORP. AND SUBSIDIARIES    
Cash flows from operating activities:    
Net income 92,287 38,466
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 68,627 60,749
Stock-based compensation 1,780 3,675
Amortization included in interest expense 1,471 1,371
Gain on disposition of assets (563) (415)
Loss on extinguishment of debt 0 21,604
Equity in earnings of investee (746) 0
Deferred tax benefit (342) (1,020)
Provision for doubtful accounts (39) (371)
Decrease (increase) in:    
Receivables 14,394 22,691
Prepaid expenses (5,537) (1,408)
Other assets (8,265) (5,438)
(Decrease) increase in:    
Trade accounts payable (1,496) (1,147)
Accrued expenses (22,500) (22,182)
Operating lease liabilities (30,786) (34,250)
Other liabilities (37,889) (13,533)
Net cash provided by (used in) operating activities 70,396 68,792
Cash flows from investing activities:    
Acquisitions (55,293) (3,333)
Capital expenditures (28,759) (16,332)
Proceeds from disposition of assets and investments 710 1,842
Net cash used in investing activities (83,342) (17,823)
Cash flows from financing activities:    
Principal payments on long-term debt (92) (96)
Principal payments on financing leases (333) (483)
Payments on revolving credit facility (50,000) 0
Proceeds received from revolving credit facility 165,000 25,000
Redemption of senior notes 0 (668,688)
Proceeds received from note offering 0 550,000
Proceeds received from accounts receivable securitization program 0 32,500
Debt issuance costs 0 (8,067)
Distributions to non-controlling interest (46) (24)
Contributions from (to) parent 36,447 21,831
Dividends (to) from parent (122,047) (81,535)
Net cash used in financing activities 28,929 (129,562)
Effect of exchange rate changes in cash and cash equivalents 107 70
Net increase (decrease) in cash and cash equivalents 16,090 (78,523)
Cash and cash equivalents at beginning of period 99,288 121,069
Cash and cash equivalents at end of period 115,378 42,546
Supplemental disclosures of cash flow information:    
Cash paid for interest 25,378 43,343
Cash paid for foreign, state and federal income taxes $ 3,716 $ 1,429