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Summarized Financial Information of Subsidiaries (Subsidiary)
3 Months Ended
Mar. 31, 2025
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.
Summarized Balance Sheet as of March 31, 2025

Lamar
Media Corp.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
EliminationsLamar Media
Consolidated
Current assets$25,011 $68,802 $311,002 $— $404,815 
Noncurrent assets4,261,877 6,329,288 269,833 (4,735,381)6,125,617 
Current liabilities34,757 428,880 242,790 — 706,427 
Noncurrent liabilities3,228,036 1,773,209 368,648 (571,579)4,798,314 
Non-controlling interest— 2,412 (816)— 1,596 

Summarized Balance Sheet as of December 31, 2024

Lamar Media
Corp.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
EliminationsLamar Media
Consolidated
Current assets$38,950 $52,617 $333,201 $— $424,768 
Noncurrent assets4,302,475 6,368,402 297,831 (4,823,669)6,145,039 
Current liabilities50,707 444,841 272,265 — 767,813 
Noncurrent liabilities3,249,628 1,738,404 384,695 (612,672)4,760,055 
Non-controlling interest— 1,770 (921)— 849 
Summarized Statements of Income and Comprehensive Income
for the Three Months Ended March 31, 2025

Lamar Media
Corp.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
EliminationsLamar Media
Consolidated
Net revenues$— $493,982 $11,619 $(171)$505,430 
Operating expenses (income)
— 301,883 12,376 (171)314,088 
Operating income (loss)
— 192,099 (757)— 191,342 
Net income (loss)
138,864 178,458 (4,205)(173,779)139,338 
Net income (loss) attributable to controlling interest
138,864 178,238 (4,459)(173,779)138,864 

Summarized Statements of Income and Comprehensive Income
for the Three Months Ended March 31, 2024

Lamar Media
Corp.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
EliminationsLamar Media
Consolidated
Net revenues$— $487,788 $11,023 $(661)$498,150 
Operating expenses (income)
— 362,143 11,930 (661)373,412 
Operating income (loss)
— 125,645 (907)— 124,738 
Net income (loss)
78,362 124,048 (4,907)(118,866)78,637 
Net income (loss) attributable to controlling interest
78,362 123,960 (5,094)(118,866)78,362