LAMAR ADVERTISING CO/NEW
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
LAMR$163.40+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
December 31, 2025 and 2024
| 2025 | 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $64,812 | $49,461 |
| Receivables, net of allowance for doubtful accounts of $11,856 and $12,404 as of 2025 and 2024, respectively | 341,222 | 334,798 |
| Other current assets | 53,689 | 41,009 |
| Total current assets | 459,723 | 425,268 |
| Property, plant and equipment (note 5) | 4,766,872 | 4,574,894 |
| Less accumulated depreciation and amortization | (3,087,972) | (2,974,085) |
| Net property, plant and equipment | 1,678,900 | 1,600,809 |
| Operating lease right of use assets | 1,504,170 | 1,355,231 |
| Financing lease right of use assets | 5,478 | 8,331 |
| Goodwill (note 6) | 2,111,257 | 2,035,082 |
| Intangible assets, net (note 6) | 1,113,829 | 1,062,601 |
| Other assets | 58,597 | 99,227 |
| Total assets | $6,931,954 | $6,586,549 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | $16,469 | $21,586 |
| Current maturities of long-term debt, net of deferred financing costs of $396 and $611 in 2025 and 2024, respectively (note 9) | 250,044 | 249,806 |
| Current operating lease liabilities (note 7) | 232,457 | 218,108 |
| Current financing lease liabilities (note 7) | 1,331 | 1,331 |
| Accrued expenses (note 8) | 138,675 | 133,943 |
| Deferred income | 155,067 | 153,700 |
| Total current liabilities | 794,043 | 778,474 |
| Long-term debt, net of deferred financing costs of $29,517 and $22,826 in 2025 and 2024, respectively (note 9) | 3,168,863 | 2,961,058 |
| Operating lease liabilities (note 7) | 1,254,080 | 1,114,407 |
| Financing lease liabilities (note 7) | 11,952 | 13,283 |
| Deferred income tax liabilities (note 12) | 749 | 8,006 |
| Asset retirement obligation (note 10) | 624,925 | 614,713 |
| Other liabilities | 52,563 | 48,588 |
| Total liabilities | 5,907,175 | 5,538,529 |
| Stockholders’ equity (note 14): | ||
| Series AA preferred stock, par value $0.001, $63.80 cumulative dividends, 5,720 shares authorized; 5,720 shares issued and outstanding at 2025 and 2024 | — | — |
| Class A common stock, par value $0.001, 362,500,000 shares authorized, 89,249,234 and 88,867,481 shares issued and 86,910,542 and 87,976,923 outstanding at 2025 and 2024, respectively | 89 | 89 |
| Class B common stock, par value $0.001, 37,500,000 shares authorized, 14,420,085 shares issued and outstanding at 2025 and 2024 | 14 | 14 |
| Additional paid-in-capital | 2,350,546 | 2,159,292 |
| Accumulated comprehensive loss | (2,803) | (2,954) |
| Accumulated deficit | (1,105,651) | (1,036,582) |
| Cost of shares held in treasury, 2,338,692 and 890,558 shares at 2025 and 2024, respectively | (230,609) | (72,688) |
| Non-controlling interest | 13,193 | 849 |
| Stockholders’ equity | 1,024,779 | 1,048,020 |
| Total liabilities and stockholders’ equity | $6,931,954 | $6,586,549 |
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