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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 134,680 $ 269,358
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 187,548 187,150
Stock-based compensation 11,046 18,078
Amortization included in interest expense 4,467 4,012
Gain on disposition of assets (4,823) (5,360)
Loss on extinguishment of debt 25,235  
Deferred tax benefit (1,870) (14,459)
Provision for doubtful accounts 9,442 7,607
Decrease (increase) in:    
Receivables 19,253 (35,739)
Prepaid lease expenses 1,002 21,201
Other assets 2,110 (7,688)
(Decrease) increase in:    
Trade accounts payable (186) 2,829
Accrued expenses (11,597) (18,015)
Operating lease liabilities 625 (41,215)
Other liabilities (15,475) 20,211
Net cash provided by operating activities 361,457 407,970
Cash flows from investing activities:    
Acquisitions (28,747) (214,559)
Capital expenditures (44,633) (97,680)
Proceeds received from property insurance claims   210
Proceeds from disposition of assets and investments 5,699 2,658
Increase in notes receivable   (448)
Net cash (used in) provided by investing activities (67,681) (309,819)
Cash flows from financing activities:    
Cash used for purchase of treasury stock (10,124) (8,682)
Net proceeds from issuance of common stock 7,740 40,136
Principal payments on long term debt (273) (24,446)
Borrowings on long term debt 8,750  
Payments on revolving credit facility (805,000) (495,000)
Proceeds received from revolving credit facility 725,000 430,000
Redemption of senior notes and senior subordinated notes (1,058,596)  
Proceeds received from note offerings 1,549,250 255,000
Proceeds received from accounts receivable securitization program 122,500 9,000
Payments on accounts receivable securitization program (175,000) (9,000)
Proceeds received from senior credit facility term loans 598,500  
Payments on senior credit facility term loans (978,097)  
Debt issuance costs (32,667) (4,454)
Distributions to non-controlling interest (1,475) (439)
Dividends/distributions (201,772) (288,617)
Net cash used in financing activities (251,264) (96,502)
Effect of exchange rate changes in cash and cash equivalents (72) 144
Net increase in cash and cash equivalents 42,440 1,793
Cash and cash equivalents at beginning of period 26,188 21,494
Cash and cash equivalents at end of period 68,628 23,287
Supplemental disclosures of cash flow information:    
Cash paid for interest 115,999 113,580
Cash paid for foreign, state and federal income taxes 3,558 12,532
LAMAR MEDIA CORP. AND SUBSIDIARIES [Member]    
Cash flows from operating activities:    
Net income 135,046 269,679
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 187,548 187,150
Stock-based compensation 11,046 18,078
Amortization included in interest expense 4,467 4,012
Gain on disposition of assets (4,823) (5,360)
Loss on extinguishment of debt 25,235  
Deferred tax benefit (1,870) (14,459)
Provision for doubtful accounts 9,442 7,607
Decrease (increase) in:    
Receivables 19,253 (35,739)
Prepaid lease expenses 1,002 21,201
Other assets 2,110 (7,688)
(Decrease) increase in:    
Trade accounts payable (186) 2,829
Accrued expenses (11,597) (18,015)
Operating lease liabilities 625 (41,215)
Other liabilities (44,865) (3,872)
Net cash provided by operating activities 332,433 384,208
Cash flows from investing activities:    
Acquisitions (28,747) (214,559)
Capital expenditures (44,633) (97,680)
Proceeds received from property insurance claims   210
Proceeds from disposition of assets and investments 5,699 2,658
Increase in notes receivable   (448)
Net cash (used in) provided by investing activities (67,681) (309,819)
Cash flows from financing activities:    
Principal payments on long term debt (273) (24,446)
Borrowings on long term debt 8,750  
Payments on revolving credit facility (805,000) (495,000)
Proceeds received from revolving credit facility 725,000 430,000
Redemption of senior notes and senior subordinated notes (1,058,596)  
Proceeds received from note offerings 1,549,250 255,000
Proceeds received from accounts receivable securitization program 122,500 9,000
Payments on accounts receivable securitization program (175,000) (9,000)
Proceeds received from senior credit facility term loans 598,500  
Payments on senior credit facility term loans (978,097)  
Debt issuance costs (32,667) (4,454)
Distributions to non-controlling interest (1,475) (439)
Contributions from parent 36,492 63,626
Dividend to parent (211,624) (297,027)
Net cash used in financing activities (222,240) (72,740)
Effect of exchange rate changes in cash and cash equivalents (72) 144
Net increase in cash and cash equivalents 42,440 1,793
Cash and cash equivalents at beginning of period 25,688 20,994
Cash and cash equivalents at end of period 68,128 22,787
Supplemental disclosures of cash flow information:    
Cash paid for interest 115,999 113,580
Cash paid for foreign, state and federal income taxes $ 3,558 $ 12,532