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Summarized Financial Information of Subsidiaries
 9 Months Ended
Sep. 30, 2024
LAMAR MEDIA CORP. AND SUBSIDIARIES  
Condensed Income Statements, Captions [Line Items]  
Summarized Financial Information of Subsidiaries Summarized Financial Information of Subsidiaries
Summarized financial information for Lamar Media, subsidiary guarantors and non-guarantor subsidiaries is presented below. Lamar Media and its subsidiary guarantors have fully and unconditionally guaranteed Lamar Media’s obligations with respect to its publicly issued notes. All guarantees are joint and several. As a result of these guarantee arrangements, we are required to present the following summarized financial information. The following summarized financial information should be read in conjunction with the accompanying consolidated financial statements and notes. Separate financial statements of Lamar Media’s subsidiary guarantors are not included because the guarantors are each a consolidated subsidiary of Lamar Media, Lamar Media’s consolidated financial statements have been filed, and the guaranteed securities are debt securities with Lamar Media as the issuer. The accounts for all companies reflected herein are presented using the equity method of accounting for investments in subsidiaries.
LAMAR MEDIA CORP.
AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements
(Unaudited)
(In Thousands, Except for Share Data)
Summarized Balance Sheet as of September 30, 2024
Lamar
Media Corp.		Guarantor
Subsidiaries		Non-
Guarantor
Subsidiaries		EliminationsLamar Media
Consolidated
Current assets$19,443 $37,482 $354,895 $— $411,820 
Noncurrent assets4,544,652 6,334,441 300,552 (5,088,141)6,091,504 
Current liabilities73,169 383,052 272,074 — 728,295 
Noncurrent liabilities3,284,935 1,510,404 404,352 (631,298)4,568,393 
Non-controlling interest— 1,999 (1,354)— 645 

Summarized Balance Sheet as of December 31, 2023
Lamar Media
Corp.		Guarantor
Subsidiaries		Non-
Guarantor
Subsidiaries		EliminationsLamar Media
Consolidated
Current assets$33,875 $28,905 $309,906 $— $372,686 
Noncurrent assets4,596,516 6,359,236 318,095 (5,099,653)6,174,194 
Current liabilities45,225 387,408 271,533 — 704,166 
Noncurrent liabilities3,375,803 1,476,097 368,208 (587,171)4,632,937 
Non-controlling interest— 964 (550)— 414 
Summarized Statements of Income and Comprehensive Income
for the Nine Months Ended September 30, 2024
Lamar Media
Corp.		Guarantor
Subsidiaries		Non-
Guarantor
Subsidiaries		EliminationsLamar Media
Consolidated
Net revenues$— $1,592,981 $36,253 $(1,698)$1,627,536 
Operating expenses (income)— 1,096,444 36,977 (1,698)1,131,723 
Operating income (loss)— 496,537 (724)— 495,813 
Net income (loss)363,496 491,782 (7,381)(483,552)364,345 
Net income (loss) attributable to controlling interest363,496 491,201 (7,649)(483,552)363,496 
LAMAR MEDIA CORP.
AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements
(Unaudited)
(In Thousands, Except for Share Data)
Summarized Statements of Income and Comprehensive Income
for the Nine Months Ended September 30, 2023
Lamar Media
Corp.		Guarantor
Subsidiaries		Non-
Guarantor
Subsidiaries		EliminationsLamar Media
Consolidated
Net revenues$— $1,525,275 $31,810 $(2,007)$1,555,078 
Operating expenses (income)— 1,039,312 33,666 (2,007)1,070,971 
Operating income (loss)— 485,963 (1,856)— 484,107 
Net income (loss)347,060 480,045 (12,851)(466,361)347,893 
Net income (loss) attributable to controlling interest347,060 479,788 (13,427)(466,361)347,060