LAMAR ADVERTISING CO/NEW LAMR Income Statement

Lamar advertising co/new (LAMR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net revenues
406,569	462,659	457,786	448,742	384,457	427,898	418,498	419,800	361,026	398,475	399,345	397,078	346,362	386,717	387,516	387,528	338,533	355,969	350,701	344,249	302,477	336,696	334,998	330,433	284,933	320,352	321,141	327,744	276,605	302,340	306,286	304,872	266,238	285,466	296,701	293,345	255,202	275,684	286,138	286,366	244,103	271,766	274,736
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)
149,494	154,372	148,846	146,390	140,470	142,072	140,699	140,784	138,293	138,984	134,977	135,075	131,844	132,369	131,778	132,725	128,725	122,901	121,676	115,951	113,232	115,096	112,388	114,277	111,508	109,962	109,640	110,723	106,519	106,199	103,845	105,071	103,423	103,243	103,200	103,058	99,551	100,495	99,595	99,825	98,552	97,630	99,444
General and administrative expenses (exclusive of depreciation and amortization)
82,204	80,110	80,561	78,416	79,293	76,368	73,166	69,686	70,208	69,777	68,500	65,921	72,031	68,689	67,487	66,457	66,790	62,758	59,489	60,729	59,206	58,888	58,181	56,054	57,677	55,416	57,033	55,987	63,138	54,045	52,153	52,027	53,095	50,932	51,866	48,572	51,067	52,362	51,428	48,275	47,071	44,225	48,275
Corporate expenses (exclusive of depreciation and amortization)
18,491	25,770	23,185	18,674	17,029	20,869	20,776	20,147	21,104	13,893	15,088	16,730	16,633	20,934	19,359	20,047	16,026	20,025	16,654	19,689	15,391	20,254	16,505	17,035	15,284	11,761	14,843	16,010	14,598	13,050	13,590	13,956	12,490	12,537	11,648	10,797	11,551	12,567	12,062	12,276	10,472	10,345	10,783
Depreciation and amortization
62,313	62,878	63,951	61,693	61,506	58,010	55,089	55,322	56,840	56,101	51,796	51,782	51,425	52,229	49,307	51,933	51,489	47,037	46,441	48,725	49,230	55,185	62,675	71,049	69,526	81,087	73,183	72,408	73,901	76,800	73,915	72,995	72,373	78,185	75,171	72,410	73,873	78,579	77,617	78,165	78,342	83,529	83,489
Gain on disposition of assets
2,504	1,881	199	537	4,624	32	-407	1,843	-8,701	287	2,734	607	1,036	2,874	189	705	11,327	1,535	5,203	191	1,836	1,191	775	1,020	206	1,710	787	701	606	8,508	739	3,634	936	2,581	609	911	6,447	1,144	1,137	1,446	1,173	3,222	1,221
Total Operating Expenses
309,998	321,249	316,344	304,636	293,674	297,287	290,137	284,096	295,146	278,468	267,627	268,901	270,897	271,347	267,742	270,457	251,703	251,186	239,057	244,903	235,223	248,232	248,974	257,395	253,789	256,516	253,912	254,427	257,550	241,586	242,764	240,415	240,445	242,316	241,276	233,926	229,595	242,859	239,565	237,095	233,264	232,507	240,770
Operating income
96,571	141,410	141,442	144,106	90,783	130,611	128,361	135,704	65,880	120,007	131,718	128,177	75,465	115,370	119,774	117,071	86,830	104,783	111,644	99,346	67,254	88,464	86,024	73,038	31,144	63,836	67,229	73,317	19,055	60,754	63,522	64,457	25,793	43,150	55,425	59,419	25,607	32,825	46,573	49,271	10,839	39,259	33,966
Other expense (income)
Loss on extinguishment of debt
-18,179	-	-	-	-	0	0	0	-15,429	-	-	-71	-	0	0	-56	-3,142	-	-	-	-	0	0	-20,847	-5,176	-	-	-	-	-9,676	-1,984	0	-29,972	-	-451	0	-	0	0	-17,137	-261	131	3,539
Other-than-temporary impairment of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,069	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,445	-
Interest income
190	211	168	232	153	221	157	132	24	0	2	0	4	0	2	3	1	6	2	24	2	3	11	43	45	44	42	51	28	61	147	65	58	58	428	51	32	177	14	87	89	128	169
Interest expense
36,553	36,376	38,323	38,322	37,595	32,411	31,850	31,892	33,579	32,870	32,064	31,979	31,483	31,219	31,102	31,299	30,068	24,480	24,709	24,712	24,532	24,482	24,418	26,086	30,268	34,013	37,677	37,887	36,700	40,012	38,534	38,633	39,914	41,636	42,530	43,307	43,620	44,726	45,352	46,640	49,330	52,090	56,645
Non-operating (Income) Expenses
-54,542	-36,165	-38,155	-38,090	-37,442	-32,190	-31,693	-31,760	-48,984	-32,870	-32,062	-32,050	-31,479	-31,219	-31,100	-31,352	-33,209	-24,474	-24,707	-24,688	-24,530	-24,479	-24,407	-46,890	-39,468	-48,314	-37,635	-37,836	-36,672	-49,627	-40,371	-38,568	-69,828	-41,804	-42,553	-43,256	-43,588	-44,549	-45,338	-63,690	-49,502	-50,386	-52,937
Income before income tax expense
42,029	105,245	103,287	106,016	53,341	98,421	96,668	103,944	16,896	87,137	99,656	96,127	43,986	84,151	88,674	85,719	53,621	80,309	86,937	74,658	42,724	63,985	61,617	26,148	-8,324	15,522	29,594	35,481	-17,617	11,127	23,151	25,889	-44,035	1,346	12,872	16,163	-17,981	-11,724	1,235	-14,419	-38,663	-11,127	-18,971
Income tax expense
1,536	2,492	3,578	-12,380	2,088	2,728	2,612	3,513	1,844	-27	3,325	3,733	2,199	3,626	3,613	3,810	2,307	3,780	972	15,298	2,008	-143,898	26,567	10,726	-3,487	5,336	12,500	12,359	-7,354	5,839	11,655	11,967	-21,219	-3,334	8,880	4,737	-4,741	-4,605	454	-5,482	-13,836	-6,346	-7,134
Net income
40,493	102,753	99,709	118,396	51,253	95,693	94,056	100,431	15,052	87,164	96,331	92,394	41,787	80,525	85,061	81,909	51,314	76,529	85,965	59,360	40,716	207,883	35,050	15,422	-4,837	10,186	17,094	23,122	-10,263	5,288	11,496	13,922	-22,816	4,680	3,992	11,426	-13,240	-7,119	781	-8,937	-24,827	-4,781	-11,837
Cash dividends declared and paid on preferred stock
91	92	91	91	91	92	91	91	91	92	91	91	91	92	91	91	91	92	91	91	91	92	91	91	91	92	91	91	91	92	91	91	91	92	91	91	91	92	91	91	91	91	91
Net income applicable to common stock
40,402	102,661	99,618	118,305	51,162	95,601	93,965	100,340	14,961	87,072	96,240	92,303	41,696	80,433	84,970	81,818	51,223	76,437	85,874	59,269	40,625	207,791	34,959	15,331	-4,928	10,094	17,003	23,031	-10,354	5,196	11,405	13,831	-22,907	4,588	3,901	11,335	-13,331	-7,211	690	-9,028	-24,918	-4,872	-11,928
Earnings per share:
Basic earnings per share
0.40	1.03	0.99	1.18	0.51	0.97	0.95	1.02	0.15	0.89	0.98	0.94	0.43	0.83	0.87	0.84	0.53	-	0.89	0.61	-	-	-	-	-	-	0.18	0.24	-	-	0.12	0.15	-	-	0.04	0.12	-	-	0.01	-0.10	-	-0.05	-0.13
Diluted earnings per share
0.40	1.03	0.99	1.18	0.51	0.96	0.95	1.02	0.15	0.89	0.98	0.94	0.42	0.81	0.87	0.84	0.53	-	0.89	0.61	-	-	-	-	-	-	0.18	0.24	-	-	0.12	0.15	-	-	0.04	0.12	-	-	0.01	-0.10	-	-0.05	-0.13
Basic and diluted earnings per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.42	-	0.37	0.16	-0.05	-	-	-	-0.11	-	-	-	-0.25	-	-	-	-0.14	-	-	-	-0.27	-	-
Cash dividends declared per share of common stock
1.00	0.96	0.96	0.96	0.96	0.92	0.91	0.91	0.91	0.83	0.83	0.83	0.83	0.76	0.76	0.75	0.75	0.69	0.69	0.69	0.68	-	0.83	0.83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares used in computing earnings per share:
Weighted average common shares outstanding basic
100,589	100,470	100,329	100,012	99,710	99,492	98,943	98,532	98,301	98,160	98,044	97,941	97,575	97,349	97,254	97,121	96,793	96,634	96,541	96,405	95,704	95,461	95,330	95,174	94,906	94,707	94,528	94,337	93,974	-279,421,469	93,423,063	93,257,798	93,114,125	278,317,276	92,901,470	92,840	92,681	368,768,127	92,315	92,202	91,983	91,770	91,686
Incremental common shares from dilutive stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	423	415	0	559	398	475	0	-590,972	306,449	285,673	0	1,115,366	175,149	356	0	-	413	-	0	-	0
Incremental common shares from convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Weighted average common shares outstanding diluted
100,875	100,622	100,522	100,222	99,915	99,530	99,253	98,834	98,726	98,396	98,490	98,442	98,149	97,782	97,881	97,731	97,378	96,673	96,602	96,482	95,742	94,886	95,753	95,590	94,906	95,266	94,927	94,813	93,974	-280,012,441	93,729,512	93,543,471	93,114,125	279,432,642	93,076,619	93,196	92,681	368,767,713	92,728	92,202	91,983	91,770	91,686
Statements of Comprehensive Income
Net income
40,493	102,753	99,709	118,396	51,253	95,693	94,056	100,431	15,052	87,164	96,331	92,394	41,787	80,525	85,061	81,909	51,314	76,529	85,965	59,360	40,716	207,883	35,050	15,422	-4,837	10,186	17,094	23,122	-10,263	5,288	11,496	13,922	-22,816	4,680	3,992	11,426	-13,240	-7,119	781	-8,937	-24,827	-4,781	-11,837
Other comprehensive (loss) income
Foreign currency translation adjustments
-1,598	301	-174	287	259	-691	221	-277	-543	-178	1,216	745	143	-597	-328	11	1,468	-716	-1,713	407	-1,610	-1,160	800	-669	-384	-38	-534	-873	-666	-1,700	1,152	-785	681	519	-1,704	-334	735	-	-	-	-	-	-
Comprehensive income
38,895	103,054	99,535	118,683	51,512	95,002	94,277	100,154	14,509	86,986	97,547	93,139	41,930	79,928	84,733	81,920	52,782	75,813	84,252	59,767	39,106	206,985	34,250	16,091	-5,221	9,080	17,628	22,249	-10,929	4,892	12,648	13,137	-22,135	5,199	2,288	11,092	-12,505	-	-	-	-	-	-
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues
406,569	462,659	457,786	448,742	384,457	427,898	418,498	419,800	361,026	398,475	399,345	397,078	346,362	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Direct advertising expenses (exclusive of depreciation and amortization)
149,494	154,372	148,846	146,390	140,470	142,072	140,699	140,784	138,293	138,984	134,977	135,075	131,844	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses (exclusive of depreciation and amortization)
82,204	80,110	80,561	78,416	79,293	76,368	73,166	69,686	70,208	69,777	68,500	65,921	72,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate expenses (exclusive of depreciation and amortization)
18,367	25,662	23,062	18,585	16,920	20,774	20,667	20,058	20,998	13,808	14,982	16,645	16,527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
62,313	62,878	63,951	61,693	61,506	58,010	55,089	55,322	56,840	56,101	51,796	51,782	51,425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
2,504	1,881	199	537	4,624	32	-407	1,843	-8,701	287	2,734	607	1,036	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses
309,874	321,141	316,221	304,547	293,565	297,192	290,028	284,007	295,040	278,383	267,521	268,816	270,791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
96,695	141,518	141,565	144,195	90,892	130,706	128,470	135,793	65,986	120,092	131,824	128,262	75,571	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-18,179	-	-	-	-	0	0	0	-15,429	-	-	-71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
190	211	168	232	153	221	157	132	24	0	2	0	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
36,553	36,376	38,323	38,322	37,595	32,411	31,850	31,892	33,579	32,870	32,064	31,979	31,483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-operating (Income) Expenses
-54,542	-36,165	-38,155	-38,090	-37,442	-32,190	-31,693	-31,760	-48,984	-32,870	-32,062	-32,050	-31,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense
42,153	105,353	103,410	106,105	53,450	98,516	96,777	104,033	17,002	87,222	99,762	96,212	44,092	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
1,536	2,492	3,578	-12,380	2,088	2,728	2,612	3,513	1,844	-27	3,325	3,733	2,199	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
40,617	102,861	99,832	118,485	51,362	95,788	94,165	100,520	15,158	87,249	96,437	92,479	41,893	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustments
-1,598	301	-174	287	259	-691	221	-277	-543	-178	1,216	745	143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
39,019	103,162	99,658	118,772	51,621	95,097	94,386	100,243	14,615	87,071	97,653	93,224	42,036	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-