XML 19 R10.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Income and Comprehensive Income (Subsidiary) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statements of Income    
Net revenues $ 471,332 $ 451,388
Operating expenses (income)    
Direct advertising expenses (exclusive of depreciation and amortization) 168,432 157,772
General and administrative expenses (exclusive of depreciation and amortization) 85,135 83,084
Corporate expenses (exclusive of depreciation and amortization) 28,527 22,012
Depreciation and amortization 73,125 68,627
Gain on disposition of assets (2,688) (563)
Total operating expenses 352,531 330,932
Operating income 118,801 120,456
Other expense (income)    
Interest income (461) (215)
Interest expense 41,444 26,786
Equity in earnings of investee (178) (746)
Total other expense (income) 40,805 25,825
Income before income tax expense 77,996 94,631
Income tax expense 1,798 2,480
Net income 76,198 92,151
Earnings attributable to non-controlling interest 157 0
Net income attributable to controlling interest 76,041 92,151
Statements of Comprehensive Income    
Net income 76,041 92,151
Other comprehensive (loss) income    
Foreign currency translation adjustments (2) 314
Comprehensive income 76,196 92,465
Earnings attributable to non-controlling interest (157) 0
Comprehensive income attributable to controlling interest 76,039 92,465
LAMAR MEDIA CORP. AND SUBSIDIARIES    
Statements of Income    
Net revenues 471,332 451,388
Operating expenses (income)    
Direct advertising expenses (exclusive of depreciation and amortization) 168,432 157,772
General and administrative expenses (exclusive of depreciation and amortization) 85,135 83,084
Corporate expenses (exclusive of depreciation and amortization) 28,391 21,876
Depreciation and amortization 73,125 68,627
Gain on disposition of assets (2,688) (563)
Total operating expenses 352,395 330,796
Operating income 118,937 120,592
Other expense (income)    
Interest income (461) (215)
Interest expense 41,444 26,786
Equity in earnings of investee (178) (746)
Total other expense (income) 40,805 25,825
Income before income tax expense 78,132 94,767
Income tax expense 1,798 2,480
Net income 76,334 92,287
Earnings attributable to non-controlling interest 157 0
Net income attributable to controlling interest 76,177 92,287
Statements of Comprehensive Income    
Net income 76,177 92,287
Other comprehensive (loss) income    
Foreign currency translation adjustments (2) 314
Comprehensive income 76,332 92,601
Earnings attributable to non-controlling interest (157) 0
Comprehensive income attributable to controlling interest $ 76,175 $ 92,601