XML 1037 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 21,494 $ 115,471
Receivables, net of allowance for doubtful accounts 235,576 201,699
Prepaid lease and contract expenses 80,684 70,755
Other current assets 25,915 32,594
Total current assets 363,669 420,519
Property, plant and equipment 3,525,725 3,384,723
Less accumulated depreciation and amortization (2,230,677) (2,170,585)
Net property, plant and equipment 1,295,048 1,214,138
Goodwill 1,919,386 1,740,454
Intangible assets, net 915,453 796,348
Other assets 51,085 42,886
Total assets 4,544,641 4,214,345
Current liabilities:    
Trade accounts payable 21,246 17,961
Current maturities of long-term debt, net of deferred financing costs 204,120 17,664
Accrued expenses 122,467 197,675
Deferred income 107,202 92,694
Total current liabilities 455,035 325,994
Long-term debt, net of deferred financing costs 2,684,568 2,539,026
Deferred income tax liabilities 20,734 884
Asset retirement obligation 222,989 215,089
Other liabilities 29,531 29,859
Total liabilities 3,412,857 3,110,852
Long-term debt, net of deferred financing costs 2,684,568 2,539,026
Stockholders’ equity:    
Additional paid-in-capital 1,852,421 1,762,499
Accumulated comprehensive income 12 1,302
Accumulated deficit (695,337) (639,106)
Cost of shares held in treasury, 388,903 and 331,284 shares in 2018 and 2017, respectively (25,412) (21,300)
Stockholders’ equity 1,131,784 1,103,493
Total liabilities and stockholders’ equity 4,544,641 4,214,345
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]    
Current assets:    
Cash and cash equivalents 20,994 114,971
Receivables, net of allowance for doubtful accounts 235,576 201,699
Prepaid lease and contract expenses 80,684 70,755
Other current assets 25,915 32,594
Total current assets 363,169 420,019
Property, plant and equipment 3,525,725 3,384,723
Less accumulated depreciation and amortization (2,230,677) (2,170,585)
Net property, plant and equipment 1,295,048 1,214,138
Goodwill 1,909,235 1,730,303
Intangible assets, net 914,984 795,879
Other assets 45,450 37,603
Total assets 4,527,886 4,197,942
Current liabilities:    
Trade accounts payable 21,246 17,961
Current maturities of long-term debt, net of deferred financing costs 204,120 17,664
Accrued expenses 117,300 193,667
Deferred income 107,202 92,694
Total current liabilities 449,868 321,986
Long-term debt, net of deferred financing costs 2,684,568 2,539,026
Deferred income tax liabilities 20,734 884
Asset retirement obligation 222,989 215,089
Other liabilities 29,531 29,859
Total liabilities 3,407,690 3,106,844
Long-term debt, net of deferred financing costs 2,684,568 2,539,026
Stockholders’ equity:    
Additional paid-in-capital 2,922,907 2,832,940
Accumulated comprehensive income 12 1,302
Accumulated deficit (1,802,723) (1,743,144)
Stockholders’ equity 1,120,196 1,091,098
Total liabilities and stockholders’ equity 4,527,886 4,197,942
Series AA Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Common Class A [Member]    
Stockholders’ equity:    
Common stock, value 86 84
Common Class B [Member]    
Stockholders’ equity:    
Common stock, value $ 14 $ 14