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Condensed Consolidated Statements of Income and Comprehensive Income (Subsidiary) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statements of Income        
Net revenues $ 565,251 $ 541,137 $ 1,063,401 $ 1,012,469
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 183,265 171,783 358,910 340,215
General and administrative expenses (exclusive of depreciation and amortization) 88,341 90,525 177,502 175,660
Corporate expenses (exclusive of depreciation and amortization) 33,051 28,556 68,755 57,083
Depreciation and amortization 77,191 75,158 152,419 148,283
Gain on disposition of assets (824) (1,676) (3,012) (4,364)
Total operating expenses 381,024 364,346 754,574 716,877
Operating income 184,227 176,791 308,827 295,592
Other (income) expense        
Interest income (572) (477) (1,039) (938)
Interest expense 44,337 43,649 88,824 85,093
Equity in (earnings) loss of investee (4) (449) 555 (627)
Total other (income) expense 43,761 42,723 88,340 83,528
Income before income tax expense 140,466 134,068 220,487 212,064
Income tax expense 2,872 3,180 4,394 4,978
Net income 137,594 130,888 216,093 207,086
Net income attributable to non-controlling interest 228 268 503 425
Net income attributable to controlling interest 137,366 130,620 215,590 206,661
Statements of Comprehensive Income        
Net income 137,594 130,888 216,093 207,086
Other comprehensive loss        
Foreign currency translation adjustments (431) 403 (823) 401
Comprehensive income 137,163 131,291 215,270 207,487
Net income attributable to non-controlling interest 228 268 503 425
Comprehensive income attributable to controlling interest 136,935 131,023 214,767 207,062
LAMAR MEDIA CORP. AND SUBSIDIARIES        
Statements of Income        
Net revenues 565,251 541,137 1,063,401 1,012,469
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 183,265 171,783 358,910 340,215
General and administrative expenses (exclusive of depreciation and amortization) 88,341 90,525 177,502 175,660
Corporate expenses (exclusive of depreciation and amortization) 32,870 28,447 68,436 56,838
Depreciation and amortization 77,191 75,158 152,419 148,283
Gain on disposition of assets (824) (1,676) (3,012) (4,364)
Total operating expenses 380,843 364,237 754,255 716,632
Operating income 184,408 176,900 309,146 295,837
Other (income) expense        
Interest income (572) (477) (1,039) (938)
Interest expense 44,337 43,649 88,824 85,093
Equity in (earnings) loss of investee (4) (449) 555 (627)
Total other (income) expense 43,761 42,723 88,340 83,528
Income before income tax expense 140,647 134,177 220,806 212,309
Income tax expense 2,872 3,180 4,394 4,978
Net income 137,775 130,997 216,412 207,331
Net income attributable to non-controlling interest 228 268 503 425
Net income attributable to controlling interest 137,547 130,729 215,909 206,906
Statements of Comprehensive Income        
Net income 137,775 130,997 216,412 207,331
Other comprehensive loss        
Foreign currency translation adjustments (431) 403 (823) 401
Comprehensive income 137,344 131,400 215,589 207,732
Net income attributable to non-controlling interest 228 268 503 425
Comprehensive income attributable to controlling interest $ 137,116 $ 131,132 $ 215,086 $ 207,307