LAMAR ADVERTISING CO/NEW LAMR Income Statement

Lamar advertising co/new (LAMR)

Income statement / TTM

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
1,775,756	1,753,644	1,718,883	1,679,595	1,650,653	1,627,222	1,597,799	1,578,646	1,555,924	1,541,260	1,529,502	1,517,673	1,508,123	1,500,294	1,469,546	1,432,731	1,389,452	1,353,396	1,334,123	1,318,420	1,304,604	1,287,060	1,270,716	1,256,859	1,254,170	1,245,842	1,227,830	1,212,975	1,190,103	1,179,736	1,162,862	1,153,277	1,141,750	1,130,714	1,120,932	1,110,369	1,103,390	1,092,291	1,088,373	1,076,971	0	0	0
Operating expenses (income)
Direct advertising expenses (exclusive of depreciation and amortization)
599,102	590,078	577,778	569,631	564,025	561,848	558,760	553,038	547,329	540,880	534,265	531,066	528,716	525,597	516,129	506,027	489,253	473,760	465,955	456,667	454,993	453,269	448,135	445,387	441,833	436,844	433,081	427,286	421,634	418,538	415,582	414,937	412,924	409,052	406,304	402,699	399,466	398,467	395,602	395,451	0	0	0
General and administrative expenses (exclusive of depreciation and amortization)
321,291	318,380	314,638	307,243	298,513	289,428	282,837	278,171	274,406	276,229	275,141	274,128	274,664	269,423	263,492	255,494	249,766	242,182	238,312	237,004	232,329	230,800	227,328	226,180	226,113	231,574	230,203	225,323	221,363	211,320	208,207	207,920	204,465	202,437	203,867	203,429	203,132	199,136	190,999	187,846	0	0	0
Corporate expenses (exclusive of depreciation and amortization)
86,120	84,658	79,757	77,348	78,821	82,896	75,920	70,232	66,815	62,344	69,385	73,656	76,973	76,366	75,457	72,752	72,394	71,759	71,988	71,839	69,185	69,078	60,585	58,923	57,898	57,212	58,501	57,248	55,194	53,086	52,573	50,631	47,472	46,533	46,563	46,977	48,456	47,377	45,155	43,876	0	0	0
Depreciation and amortization
250,835	250,028	245,160	236,298	229,927	225,261	223,352	220,059	216,519	211,104	207,232	204,743	204,894	204,958	199,766	196,900	193,692	191,433	199,581	215,815	238,139	258,435	284,337	294,845	296,204	300,579	296,292	297,024	297,611	296,083	297,468	298,724	298,139	299,639	300,033	302,479	308,234	312,703	317,653	323,525	0	0	0
Gain on disposition of assets
5,121	7,241	5,392	4,786	6,092	-7,233	-6,978	-3,837	-5,073	4,664	7,251	4,706	4,804	15,095	13,756	18,770	18,256	8,765	8,421	3,993	4,822	3,192	3,711	3,723	3,404	3,804	10,602	10,554	13,487	13,817	7,890	7,760	5,037	10,548	9,111	9,639	10,174	4,900	6,978	7,062	0	0	0
Total Operating Expenses
1,252,227	1,235,903	1,211,941	1,185,734	1,165,194	1,166,666	1,147,847	1,125,337	1,110,142	1,085,893	1,078,772	1,078,887	1,080,443	1,061,249	1,041,088	1,012,403	986,849	970,369	967,415	977,332	989,824	1,008,390	1,016,674	1,021,612	1,018,644	1,022,405	1,007,475	996,327	982,315	965,210	965,940	964,452	957,963	947,113	947,656	945,945	949,114	952,783	942,431	943,636	0	0	0
Operating income
523,529	517,741	506,942	493,861	485,459	460,556	449,952	453,309	445,782	455,367	450,730	438,786	427,680	439,045	428,458	420,328	402,603	383,027	366,708	341,088	314,780	278,670	254,042	235,247	235,526	223,437	220,355	216,648	207,788	214,526	196,922	188,825	183,787	183,601	173,276	164,424	154,276	139,508	145,942	133,335	0	0	0
Other expense (income)
Loss on extinguishment of debt
0	-	-	-	-	-15,429	-15,500	0	0	-	-	0	-	-3,198	0	0	0	-	-	-	-	-26,023	0	0	0	-	-	-	-	-41,632	-32,407	-30,423	0	-	0	0	-	-17,398	-17,267	-13,728	0	0	0
Other-than-temporary impairment of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,069	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Interest income
801	764	774	763	663	534	313	158	26	6	6	6	9	6	12	12	33	34	31	40	59	102	143	174	182	165	182	287	301	331	328	609	595	569	688	274	310	367	318	473	0	0	0
Interest expense
149,574	150,616	146,651	140,178	133,748	129,732	130,191	130,405	130,492	128,396	126,745	125,783	125,103	123,688	116,949	110,556	103,969	98,433	98,435	98,144	99,518	105,254	114,785	128,044	139,845	146,277	152,276	153,133	153,879	157,093	158,717	162,713	167,387	171,093	174,183	177,005	180,338	186,048	193,412	204,705	0	0	0
Non-operating (Income) Expenses
-166,952	-149,852	-145,877	-139,415	-133,085	-144,627	-145,307	-145,676	-145,966	-128,461	-126,810	-125,848	-125,150	-126,880	-120,135	-113,742	-107,078	-98,399	-98,404	-98,104	-120,306	-135,244	-159,079	-172,307	-163,253	-160,457	-161,770	-164,506	-165,238	-198,394	-190,571	-192,753	-197,441	-171,201	-173,946	-176,731	-197,165	-203,079	-208,916	-216,515	0	0	0
Income before income tax expense
356,577	367,889	361,065	354,446	352,374	315,929	304,645	307,633	299,816	326,906	323,920	312,938	302,530	312,165	308,323	306,586	295,525	284,628	268,304	242,984	194,474	143,426	94,963	62,940	72,273	62,980	58,585	52,142	42,550	16,132	6,351	-3,928	-13,654	12,400	-670	-12,307	-42,889	-63,571	-62,974	-83,180	0	0	0
Income tax expense
-4,774	-4,222	-3,986	-4,952	10,941	10,697	7,942	8,655	8,875	9,230	12,883	13,171	13,248	13,356	13,510	10,869	22,357	22,058	-125,620	-100,025	-104,597	-110,092	39,142	25,075	26,708	22,841	23,344	22,499	22,107	8,242	-931	-3,706	-10,936	5,542	4,271	-4,155	-14,374	-23,469	-25,210	-32,798	0	0	0
Net income
361,351	372,111	365,051	359,398	341,433	305,232	296,703	298,978	290,941	317,676	311,037	299,767	289,282	298,809	294,813	295,717	273,168	262,570	393,924	343,009	299,071	253,518	55,821	37,865	45,565	40,139	35,241	29,643	20,443	7,890	7,282	-222	-2,718	6,858	-4,941	-8,152	-28,515	-40,102	-37,764	-50,382	0	0	0
Cash dividends declared and paid on preferred stock
365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	365	364	364	0	0	0
Net income applicable to common stock
360,986	371,746	364,686	359,033	341,068	304,867	296,338	298,613	290,576	317,311	310,672	299,402	288,917	298,444	294,448	295,352	272,803	262,205	393,559	342,644	298,706	253,153	55,456	37,500	45,200	39,774	34,876	29,278	20,078	7,525	6,917	-587	-3,083	6,493	-5,306	-8,517	-28,880	-40,467	-38,128	-50,746	0	0	0
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
361,351	372,111	365,051	359,398	341,433	305,232	296,703	298,978	290,941	317,676	311,037	299,767	289,282	298,809	294,813	295,717	273,168	262,570	393,924	343,009	299,071	253,518	55,821	37,865	45,565	40,139	35,241	29,643	20,443	7,890	7,282	-222	-2,718	6,858	-4,941	-8,152	-28,515	-40,102	-37,764	-50,382	0	0	0
Other comprehensive (loss) income
Foreign currency translation adjustments
-1,184	673	-319	76	-488	-1,290	-777	218	1,240	1,926	1,507	-37	-771	554	435	-950	-554	-3,632	-4,076	-1,563	-2,639	-1,413	-291	-1,625	-1,829	-2,111	-3,773	-2,087	-1,999	-652	1,567	-1,289	-838	-784	0	0	0	-	-	-	-	-	-
Comprehensive income
360,167	372,784	364,732	359,474	340,945	303,942	295,926	299,196	292,181	319,602	312,544	299,730	288,511	299,363	295,248	294,767	272,614	258,938	390,110	340,108	296,432	252,105	54,200	37,578	43,736	38,028	33,840	28,860	19,748	8,542	8,849	-1,511	-3,556	6,074	0	0	0	-	-	-	-	-	-
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]
Net revenues
1,775,756	1,753,644	1,718,883	1,679,595	1,650,653	1,627,222	1,597,799	1,578,646	1,555,924	1,541,260	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Direct advertising expenses (exclusive of depreciation and amortization)
599,102	590,078	577,778	569,631	564,025	561,848	558,760	553,038	547,329	540,880	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses (exclusive of depreciation and amortization)
321,291	318,380	314,638	307,243	298,513	289,428	282,837	278,171	274,406	276,229	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate expenses (exclusive of depreciation and amortization)
85,676	84,229	79,341	76,946	78,419	82,497	75,531	69,846	66,433	61,962	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
250,835	250,028	245,160	236,298	229,927	225,261	223,352	220,059	216,519	211,104	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
5,121	7,241	5,392	4,786	6,092	-7,233	-6,978	-3,837	-5,073	4,664	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses
1,251,783	1,235,474	1,211,525	1,185,332	1,164,792	1,166,267	1,147,458	1,124,951	1,109,760	1,085,511	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
523,973	518,170	507,358	494,263	485,861	460,955	450,341	453,695	446,164	455,749	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
0	-	-	-	-	-15,429	-15,500	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
801	764	774	763	663	534	313	158	26	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
149,574	150,616	146,651	140,178	133,748	129,732	130,191	130,405	130,492	128,396	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-operating (Income) Expenses
-166,952	-149,852	-145,877	-139,415	-133,085	-144,627	-145,307	-145,676	-145,966	-128,461	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense
357,021	368,318	361,481	354,848	352,776	316,328	305,034	308,019	300,198	327,288	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-4,774	-4,222	-3,986	-4,952	10,941	10,697	7,942	8,655	8,875	9,230	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
361,795	372,540	365,467	359,800	341,835	305,631	297,092	299,364	291,323	318,058	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustments
-1,184	673	-319	76	-488	-1,290	-777	218	1,240	1,926	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
360,611	373,213	365,148	359,876	341,347	304,341	296,315	299,582	292,563	319,984	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-