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Schedule of Real Estate and Accumulated Depreciation (Subsidiary)
 12 Months Ended
Dec. 31, 2022
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]  
Schedule of Real Estate and Accumulated Depreciation
SCHEDULE III
LAMAR ADVERTISING COMPANY
AND SUBSIDIARIES
Schedule of Real Estate and Accumulated Depreciation
December 31, 2022, 2021 and 2020
(In thousands)
Description(1)
Encumbrances
Initial Cost(2)
Gross Carrying
Amount(3)
Accumulated
Depreciation		Construction
Date		Acquisition
Date		Useful Lives
363,044 Displays
— — $3,745,006 $(2,440,956)VariousVarious
5 to 20 years
(1)No single asset exceeded 5% of the total gross carrying amount at December 31, 2022
(2)This information is omitted, as it would be impracticable to compile such information on a site-by-site basis
(3)Includes sites under construction
The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation.
December 31, 2022December 31, 2021December 31, 2020
Gross real estate assets:
Balance at the beginning of the year$3,439,618 $3,293,778 $3,333,590 
Capital expenditures on new advertising displays(4)
85,972 45,427 21,598 
Capital expenditures on improvements/redevelopments of existing advertising displays23,850 21,287 13,021 
Capital expenditures other recurring(5)
141,030 88,697 12,631 
Land acquisitions(6)
31,061 17,151 8,980 
Acquisition of advertising displays(7)
64,223 17,662 4,446 
Assets sold or written-off(39,149)(44,466)(100,906)
Foreign exchange(1,599)82 418 
Balance at the end of the year$3,745,006 $3,439,618 $3,293,778 
Accumulated depreciation:
Balance at the beginning of the year$2,287,590 $2,192,700 $2,166,579 
Depreciation185,820 126,805 111,049 
Assets sold or written-off(31,514)(31,971)(85,267)
Foreign exchange(940)56 339 
Balance at the end of the year$2,440,956 $2,287,590 $2,192,700 
(4)Includes non-cash amounts of $2,367, $1,541 and $621  at December 31, 2022, 2021 and 2020, respectively
(5)Includes non-cash amounts of $103,019 and $48,848 at December 31, 2022 and 2021, respectively, related to the revision in cost estimate included in the calculation of asset retirement obligations
(6)Includes preliminary allocation of assets acquired during 2022 and 2021
(7)Includes non-cash amounts of $11,132 and $3,843 at December 31, 2022 and 2021, respectively
LAMAR MEDIA CORP. AND SUBSIDIARIES  
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]  
Schedule of Real Estate and Accumulated Depreciation
SCHEDULE III
LAMAR MEDIA CORP.
AND SUBSIDIARIES
Schedule of Real Estate and Accumulated Depreciation
December 31, 2022, 2021 and 2020
(In thousands)
Description(1)
Encumbrances
Initial Cost(2)
Gross Carrying Amount(3)
Accumulated DepreciationConstruction DateAcquisition DateUseful Lives
363,044 Displays
— — $3,745,006 $(2,440,956)VariousVarious
5 to 20 years
(1)No single asset exceeded 5% of the total gross carrying amount at December 31, 2022
(2)This information is omitted, as it would be impracticable to compile such information on a site-by-site basis
(3)Includes sites under construction
The following table summarizes activity for the Company’s real estate assets, which consists of advertising displays and the related accumulated depreciation.
December 31, 2022December 31, 2021December 31, 2020
Gross real estate assets:
Balance at the beginning of the year$3,439,618 $3,293,778 $3,333,590 
Capital expenditures on new advertising displays(4)
85,972 45,427 21,598 
Capital expenditures on improvements/redevelopments of existing advertising displays23,850 21,287 13,021 
Capital expenditures other recurring(5)
141,030 88,697 12,631 
Land acquisitions(6)
31,061 17,151 8,980 
Acquisition of advertising displays(7)
64,223 17,662 4,446 
Assets sold or written-off(39,149)(44,466)(100,906)
Foreign exchange(1,599)82 418 
Balance at the end of the year$3,745,006 $3,439,618 $3,293,778 
Accumulated depreciation:
Balance at the beginning of the year$2,287,590 $2,192,700 $2,166,579 
Depreciation185,820 126,805 111,049 
Assets sold or written-off(31,514)(31,971)(85,267)
Foreign exchange(940)56 339 
Balance at the end of the year$2,440,956 $2,287,590 $2,192,700 
(4)Includes non-cash amounts of $2,367, $1,541 and $621 at December 31, 2022, 2021 and 2020, respectively
(5)Includes non-cash amounts of $103,019 and $48,848 at December 31, 2022 and 2021, respectively, related to the revision in cost estimate included in the calculation of asset retirement obligations
(6)Includes preliminary allocation of assets acquired during 2022 and 2021
(7)Includes non-cash amounts of $11,132 and $3,843 and at December 31, 2022 and 2021, respectively