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Consolidated Balance Sheets (Subsidiary) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 52,619 $ 99,788
Receivables, net of allowance for doubtful accounts of $11,418 and $11,195 as of 2022 and 2021, respectively 285,039 269,917
Other current assets 26,894 18,902
Total current assets 364,552 388,607
Property, plant and equipment 4,109,146 3,782,288
Less accumulated depreciation and amortization (2,609,447) (2,445,014)
Net property, plant and equipment 1,499,699 1,337,274
Operating lease right of use assets 1,271,631 1,224,672
Financing lease right of use assets 14,037 16,890
Goodwill 2,035,269 1,936,426
Intangible assets, net (note 3) 1,206,625 1,045,177
Other assets 83,401 98,448
Total assets 6,475,214 6,047,494
Current liabilities:    
Trade accounts payable 19,643 16,429
Current maturities of long-term debt 249,785 174,778
Current operating lease liabilities 205,838 198,286
Current financing lease liabilities 1,331 1,331
Accrued expenses (note 4) 117,593 135,038
Deferred income 131,847 137,103
Total current liabilities 726,037 662,965
Long-term debt, net of deferred financing costs of $32,022 and $36,274 in 2022 and 2021, respectively (note 9) 3,063,020 2,838,817
Operating lease liabilities (note 7) 1,035,655 995,356
Financing lease liabilities 15,945 17,277
Deferred income tax liabilities 9,651 6,416
Asset retirement obligation 390,442 269,367
Other liabilities 39,090 40,207
Total liabilities 5,279,840 4,830,405
Stockholder’s equity:    
Additional paid-in-capital 2,061,671 2,001,399
Accumulated comprehensive (loss) income (659) 855
Accumulated deficit (804,382) (734,415)
Stockholders’ equity 1,195,374 1,217,089
Total liabilities and stockholders’ equity 6,475,214 6,047,494
LAMAR MEDIA CORP. AND SUBSIDIARIES    
Current assets:    
Cash and cash equivalents 52,119 99,288
Receivables, net of allowance for doubtful accounts of $11,418 and $11,195 as of 2022 and 2021, respectively 285,039 269,917
Other current assets 26,894 18,902
Total current assets 364,052 388,107
Property, plant and equipment 4,109,146 3,782,288
Less accumulated depreciation and amortization (2,609,447) (2,445,014)
Net property, plant and equipment 1,499,699 1,337,274
Operating lease right of use assets 1,271,631 1,224,672
Financing lease right of use assets 14,037 16,890
Goodwill 2,025,117 1,926,274
Intangible assets, net (note 3) 1,206,158 1,044,709
Other assets 77,778 93,105
Total assets 6,458,472 6,031,031
Current liabilities:    
Trade accounts payable 19,643 16,429
Current maturities of long-term debt 249,785 174,778
Current operating lease liabilities 205,838 198,286
Current financing lease liabilities 1,331 1,331
Accrued expenses (note 4) 108,724 127,318
Deferred income 131,847 137,103
Total current liabilities 717,168 655,245
Long-term debt, net of deferred financing costs of $32,022 and $36,274 in 2022 and 2021, respectively (note 9) 3,063,020 2,838,817
Operating lease liabilities (note 7) 1,035,655 995,356
Financing lease liabilities 15,945 17,277
Deferred income tax liabilities 9,651 6,416
Asset retirement obligation 390,442 269,367
Other liabilities 39,090 40,207
Total liabilities 5,270,971 4,822,685
Stockholder’s equity:    
Common stock, $0.01 par value, authorized 3,000 shares; 100 shares issued and outstanding at 2022 and 2021 0 0
Additional paid-in-capital 3,132,178 3,071,905
Accumulated comprehensive (loss) income (659) 855
Accumulated deficit (1,944,018) (1,864,414)
Stockholders’ equity 1,187,501 1,208,346
Total liabilities and stockholders’ equity $ 6,458,472 $ 6,031,031