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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:          
Net income $ 71,922 $ 169,649 $ 372,111 $ 305,232 $ 317,676
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 126,311 123,199 250,028 225,261 211,104
Stock-based compensation 6,162 7,506 29,647 29,443 9,599
Amortization included in interest expense 2,878 2,670 5,365 4,920 5,120
Gain on disposition of assets and investments (3,519) (5,161) (7,241) 7,233 (4,664)
Loss on extinguishment of debt 18,184     15,429 71
Deferred tax benefit (1,313) (15,121) (14,130) 1,538 804
Provision for doubtful accounts 8,331 4,657 10,608 7,985 6,762
Decrease (increase) in:          
Receivables 13,772 (19,103) (28,357) (33,292) (17,524)
Prepaid lease expenses 623 20,173 275 (5,433) 309
Other assets (7,179) (11,108) (11,257) 2,828 (8,410)
(Decrease) increase in:          
Trade accounts payable (25) 1,520 700 1,366 309
Accrued expenses (12,012) (13,528) (1,597) (6,292) (9,508)
Operating lease liabilities (8,735) (45,836) 9,102    
Other liabilities (4,723) 17,532 15,611 8,628 (4,632)
Net cash provided by operating activities 210,677 237,049 630,865 564,846 507,016
Cash flows from investing activities:          
Acquisitions (26,153) (78,141) (226,278) (477,389) (297,305)
Capital expenditures (36,274) (60,560) (140,956) (117,638) (109,329)
Proceeds from disposition of assets and investments 4,750 2,100 5,438 6,648 6,053
Increase of notes receivable   (544) (448) 9 515
Proceeds received from property insurance claims     210 4,222  
Net cash used in investing activities (57,677) (137,145) (362,034) (584,148) (400,066)
Cash flows from financing activities:          
Cash used for purchase of treasury stock (10,124) (8,682) (8,882) (4,112) (8,997)
Net proceeds from issuance of common stock 5,648 15,612 44,262 62,662 26,684
Principal payments on long term debt (182) (14,421) (34,471) (27,328) (16,993)
Borrowings on long term debt 8,750        
Payments on revolving credit facility (805,000) (375,000) (625,000) (481,000) (477,000)
Proceeds received from revolving credit facility 655,000 220,000 495,000 563,000 495,000
Redemption of senior subordinated notes (519,139)     (509,790)  
Proceeds received from note offering 1,400,000 255,000 255,000    
Proceeds received from accounts receivable securitization program   9,000 9,000 175,000  
Payments on accounts receivable securitization program (175,000) (9,000) (9,000)    
Proceeds received from senior credit facility term loans 598,500     599,250 450,000
Payments on senior credit facility term loans (978,097)       (247,500)
Debt issuance costs (30,112) (4,435) (4,463) (7,616) (4,941)
Distributions to non-controlling interest (882) (285) (621) (541) (693)
Dividends/distributions (151,265) (192,136) (385,182) (443,088) (244,201)
Net cash used in financing activities (1,903) (104,347) (264,357) (73,563) (28,641)
Effect of exchange rate changes in cash and cash equivalents (192) 203 220 (1,112) 1,632
Net increase (decrease) in cash and cash equivalents 150,905 (4,240) 4,694 (93,977) 79,941
Cash and cash equivalents at beginning of period 26,188 21,494 21,494 115,471 35,530
Cash and cash equivalents at end of period 177,093 17,254 26,188 21,494 115,471
Supplemental disclosures of cash flow information:          
Cash paid for interest 68,784 66,968 139,585 136,711 123,213
Cash paid for foreign, state and federal income taxes 3,175 9,260 14,449 8,563 12,640
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]          
Cash flows from operating activities:          
Net income 72,151 169,847 372,540 305,631 318,058
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 126,311 123,199 250,028 225,261 211,104
Stock-based compensation 6,162 7,506 29,647 29,443 9,599
Amortization included in interest expense 2,878 2,670 5,365 4,920 5,120
Gain on disposition of assets and investments (3,519) (5,161) (7,241) 7,233 (4,664)
Loss on extinguishment of debt 18,184     15,429 71
Deferred tax benefit (1,313) (15,121) (14,130) 1,538 804
Provision for doubtful accounts 8,331 4,657 10,608 7,985 6,762
Decrease (increase) in:          
Receivables 13,772 (19,103) (28,357) (33,292) (17,524)
Prepaid lease expenses 623 20,173 275 (5,433) 309
Other assets (7,179) (11,108) (11,257) 3,270 (8,410)
(Decrease) increase in:          
Trade accounts payable (25) 1,520 700 1,366 309
Accrued expenses (12,012) (13,528) (1,597) (6,292) (9,416)
Operating lease liabilities (8,735) (45,836) 9,102    
Other liabilities (32,876) (5,371) (10,743) (19,974) (27,882)
Net cash provided by operating activities 182,753 214,344 604,940 537,085 484,240
Cash flows from investing activities:          
Acquisitions (26,153) (78,141) (226,278) (477,389) (297,305)
Capital expenditures (36,274) (60,560) (140,956) (117,638) (109,329)
Proceeds from disposition of assets and investments 4,750 2,100 5,438 6,648 6,053
Increase of notes receivable   (544) (448) 9 515
Proceeds received from property insurance claims     210 4,222 0
Net cash used in investing activities (57,677) (137,145) (362,034) (584,148) (400,066)
Cash flows from financing activities:          
Principal payments on long term debt (182) (14,421) (34,471) (27,328) (16,993)
Borrowings on long term debt 8,750        
Payments on revolving credit facility (805,000) (375,000) (625,000) (481,000) (477,000)
Proceeds received from revolving credit facility 655,000 220,000 495,000 563,000 495,000
Redemption of senior subordinated notes (519,139)     (509,790)  
Proceeds received from note offering 1,400,000 255,000 255,000    
Proceeds received from accounts receivable securitization program   9,000 9,000 175,000  
Payments on accounts receivable securitization program (175,000) (9,000) (9,000)    
Proceeds received from senior credit facility term loans 598,500     599,250 450,000
Payments on senior credit facility term loans (978,097)       (247,500)
Debt issuance costs (30,112) (4,435) (4,463) (7,616) (4,941)
Distributions to non-controlling interest (882) (285) (621) (541) (693)
Dividend to parent (161,208) (200,636) (393,700) (446,744) (252,925)
Contributions from parent 33,391 38,135 69,822 89,967 49,187
Net cash used in financing activities 26,021 (81,642) (238,433) (45,802) (5,865)
Effect of exchange rate changes in cash and cash equivalents (192) 203 221 (1,112) 1,632
Net increase (decrease) in cash and cash equivalents 150,905 (4,240) 4,694 (93,977) 79,941
Cash and cash equivalents at beginning of period 25,688 20,994 20,994 114,971 35,030
Cash and cash equivalents at end of period 176,593 16,754 25,688 20,994 114,971
Supplemental disclosures of cash flow information:          
Cash paid for interest 68,784 66,968 139,585 136,711 123,213
Cash paid for foreign, state and federal income taxes $ 3,175 $ 9,260 $ 14,449 $ 8,563 $ 12,640