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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (8,894) $ (1,814)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 145,368 146,283
Non-cash equity based compensation 7,033 4,678
Amortization included in interest expense 8,771 9,141
Gain on disposition of assets (4,570) (7,358)
Loss on extinguishment of debt 29,972   
Deferred tax benefit (10,035) (1,207)
Provision for doubtful accounts 2,740 2,716
(Increase) decrease in:    
Receivables (14,828) (17,008)
Prepaid expenses (18,275) (18,535)
Other assets (5,538) 306
Increase (decrease) in:    
Trade accounts payable (1,211) (523)
Accrued expenses (8,310) (7,771)
Other liabilities 11,800 1,531
Net cash provided by operating activities 134,023 110,439
Cash flows from investing activities:    
Acquisitions (14,305) (9,181)
Capital expenditures (49,542) (54,653)
Proceeds from disposition of assets 4,640 9,293
Payments received on notes receivable 113 180
Net cash used in investing activities (59,094) (54,361)
Cash flows from financing activities:    
Debt issuance costs (14,104)  
Cash used for purchase of treasury stock (1,113) (3,481)
Net proceeds from issuance of common stock 4,174 2,786
Principal payments on long term debt (46) (128,441)
Proceeds received from note offering 500,000  
Payment on senior subordinated notes (598,181)  
Proceeds received from senior credit facility term loan 100,000  
Dividends (182) (182)
Net cash used in financing activities (9,452) (129,318)
Effect of exchange rate changes in cash and cash equivalents (58) 224
Net increase (decrease) in cash and cash equivalents 65,419 (73,016)
Cash and cash equivalents at beginning of period 33,503 91,679
Cash and cash equivalents at end of period 98,922 18,663
Supplemental disclosures of cash flow information:    
Cash paid for interest 72,779 77,812
Cash paid for foreign, state and federal income taxes 1,533 1,069
LAMAR MEDIA CORP. AND SUBSIDIARIES
   
Cash flows from operating activities:    
Net loss (8,833) (1,728)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 145,368 146,283
Non-cash equity based compensation 7,033 4,678
Amortization included in interest expense 8,771 9,141
Gain on disposition of assets (4,570) (7,358)
Loss on extinguishment of debt 29,972  
Deferred tax benefit (9,897) (1,106)
Provision for doubtful accounts 2,740 2,716
(Increase) decrease in:    
Receivables (14,828) (17,008)
Prepaid expenses (18,275) (18,535)
Other assets (5,538) 317
Increase (decrease) in:    
Trade accounts payable (1,211) (523)
Accrued expenses (8,310) (7,771)
Other liabilities 4,291 (721)
Net cash provided by operating activities 126,713 108,385
Cash flows from investing activities:    
Acquisitions (14,305) (9,181)
Capital expenditures (49,542) (54,653)
Proceeds from disposition of assets 4,640 9,293
Payments received on notes receivable 113 180
Net cash used in investing activities (59,094) (54,361)
Cash flows from financing activities:    
Debt issuance costs (14,104)  
Principal payments on long term debt (46) (128,441)
Proceeds received from note offering 500,000  
Proceeds received from senior credit facility term loan 100,000  
Payment on senior subordinated notes (598,181)  
Contributions from parent 10,928 7,463
Dividend to parent (1,113) (3,481)
Net cash used in financing activities (2,516) (124,459)
Effect of exchange rate changes in cash and cash equivalents (58) 224
Net increase (decrease) in cash and cash equivalents 65,045 (70,211)
Cash and cash equivalents at beginning of period 33,377 88,565
Cash and cash equivalents at end of period 98,422 18,354
Supplemental disclosures of cash flow information:    
Cash paid for interest 72,779 77,812
Cash paid for foreign, state and federal income taxes $ 1,533 $ 1,069