XML 64 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 33,212 $ 58,911
Receivables, net of allowance for doubtful accounts 161,741 159,829
Prepaid expenses 42,048 41,132
Deferred income tax assets 10,378 10,817
Other current assets 34,679 30,546
Total current assets 282,058 301,235
Property, plant and equipment 3,036,456 2,940,449
Less accumulated depreciation and amortization (1,914,527) (1,760,090)
Net property, plant and equipment 1,121,929 1,180,359
Goodwill 1,503,553 1,485,150
Intangible assets, net 419,385 468,312
Deferred financing costs, net of accumulated amortization 30,290 37,787
Other assets 44,403 41,187
Total assets 3,401,618 3,514,030
Current liabilities:    
Trade accounts payable 13,341 13,539
Current maturities of long-term debt 55,935 33,134
Accrued expenses 98,924 99,461
Deferred income 77,153 72,974
Total current liabilities 245,353 219,108
Long-term debt 1,882,867 2,127,720
Deferred income tax liabilities 119,150 99,530
Asset retirement obligation 200,831 189,659
Other liabilities 20,471 16,388
Total liabilities 2,468,672 2,652,405
Stockholder's equity:    
Additional paid-in-capital 2,470,375 2,432,518
Accumulated comprehensive income 3,867 5,978
Accumulated deficit (647,577) (687,351)
Stockholder's equity 932,946 861,625
Cost of shares held in treasury, 17,216,635 and 17,119,205 shares in 2013 and 2012, respectively (893,831) (889,631)
Total liabilities and stockholder's equity 3,401,618 3,514,030
LAMAR MEDIA CORP [Member]
   
Current assets:    
Cash and cash equivalents 32,712 58,411
Receivables, net of allowance for doubtful accounts 161,741 159,829
Prepaid expenses 42,048 41,132
Deferred income tax assets 10,378 10,817
Other current assets 34,679 30,546
Total current assets 281,558 300,735
Property, plant and equipment 3,036,456 2,940,449
Less accumulated depreciation and amortization (1,914,527) (1,760,090)
Net property, plant and equipment 1,121,929 1,180,359
Goodwill 1,493,401 1,474,998
Intangible assets, net 418,919 467,837
Deferred financing costs, net of accumulated amortization 28,336 35,834
Other assets 39,118 35,901
Total assets 3,383,261 3,495,664
Current liabilities:    
Trade accounts payable 13,341 13,539
Current maturities of long-term debt 55,935 33,134
Accrued expenses 95,632 96,860
Deferred income 77,153 72,974
Total current liabilities 242,061 216,507
Long-term debt 1,882,867 2,127,720
Deferred income tax liabilities 152,541 132,785
Asset retirement obligation 200,831 189,659
Other liabilities 20,471 16,388
Total liabilities 2,498,771 2,683,059
Stockholder's equity:    
Common stock, value      
Additional paid-in-capital 2,644,015 2,606,157
Accumulated comprehensive income 3,867 5,978
Accumulated deficit (1,763,392) (1,799,530)
Stockholder's equity 884,490 812,605
Total liabilities and stockholder's equity 3,383,261 3,495,664
Series AA Preferred Stock [Member]
   
Stockholder's equity:    
Preferred stock, value      
Preferred Class A [Member]
   
Stockholder's equity:    
Preferred stock, value      
Common Class A [Member]
   
Stockholder's equity:    
Common stock, value 97 96
Common Class B [Member]
   
Stockholder's equity:    
Common stock, value $ 15 $ 15