XML 25 R10.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Income and Comprehensive Income (Subsidiary) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statements of Income        
Net revenues $ 564,135 $ 542,609 $ 1,627,536 $ 1,555,078
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 182,585 175,188 541,495 515,403
General and administrative expenses (exclusive of depreciation and amortization) 91,006 81,283 268,508 256,943
Corporate expenses (exclusive of depreciation and amortization) 31,350 24,248 100,105 81,331
Depreciation and amortization 75,112 74,636 227,531 222,919
Gain on disposition of assets (2,474) (879) (5,486) (5,243)
Operating expenses (income) 377,579 354,476 1,132,153 1,071,353
Operating income 186,556 188,133 495,383 483,725
Other (income) expense        
Loss on extinguishment of debt 270 115 270 115
Interest income (662) (621) (1,701) (1,559)
Interest expense 42,937 45,070 131,761 130,163
Equity in earnings of investee (2,642) (699) (2,087) (1,326)
Total other (income) expense 39,903 43,865 128,243 127,393
Income before income tax (benefit) expense 146,653 144,268 367,140 356,332
Income tax (benefit) expense (1,169) 3,843 3,225 8,821
Net income 147,822 140,425 363,915 347,511
Net income attributable to non-controlling interest 346 408 849 833
Net income attributable to controlling interest 147,476 140,017 363,066 346,678
Statements of Comprehensive Income        
Net income (loss) 147,822 140,425 363,915 347,511
Other comprehensive income (loss)        
Foreign currency translation adjustments 37 (643) (786) (242)
Comprehensive income 147,859 139,782 363,129 347,269
Net income attributable to non-controlling interest 346 408 849 833
Comprehensive income attributable to controlling interest 147,513 139,374 362,280 346,436
LAMAR MEDIA CORP. AND SUBSIDIARIES        
Statements of Income        
Net revenues 564,135 542,609 1,627,536 1,555,078
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 182,585 175,188 541,495 515,403
General and administrative expenses (exclusive of depreciation and amortization) 91,006 81,284 268,508 256,944
Corporate expenses (exclusive of depreciation and amortization) 31,239 24,110 99,675 80,948
Depreciation and amortization 75,112 74,636 227,531 222,919
Gain on disposition of assets (2,474) (879) (5,486) (5,243)
Operating expenses (income) 377,468 354,339 1,131,723 1,070,971
Operating income 186,667 188,270 495,813 484,107
Other (income) expense        
Loss on extinguishment of debt 270 115 270 115
Interest income (662) (621) (1,701) (1,559)
Interest expense 42,937 45,070 131,761 130,163
Equity in earnings of investee (2,642) (699) (2,087) (1,326)
Total other (income) expense 39,903 43,865 128,243 127,393
Income before income tax (benefit) expense 146,764 144,405 367,570 356,714
Income tax (benefit) expense (1,169) 3,843 3,225 8,821
Net income 147,933 140,562 364,345 347,893
Net income attributable to non-controlling interest 346 408 849 833
Net income attributable to controlling interest 147,587 140,154 363,496 347,060
Statements of Comprehensive Income        
Net income (loss) 147,933 140,562 364,345 347,893
Other comprehensive income (loss)        
Foreign currency translation adjustments 37 (643) (786) (242)
Comprehensive income 147,970 139,919 363,559 347,651
Net income attributable to non-controlling interest 346 408 849 833
Comprehensive income attributable to controlling interest $ 147,624 $ 139,511 $ 362,710 $ 346,818