LAMAR ADVERTISING CO/NEW
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
LAMR$163.40+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $101,845 | $139,229 |
| Adjustments to reconcile net income to cash flows provided by operating activities | ||
| Depreciation and amortization | 81,939 | 77,821 |
| Stock-based compensation | 11,203 | 10,577 |
| Amortization included in interest expense | 1,693 | 1,523 |
| Gain on disposition of assets and investments | (12,602) | (69,785) |
| Equity in earnings of investee | — | (380) |
| Deferred tax expense (benefit) | 1,778 | (8,268) |
| Provision for doubtful accounts | 2,177 | 1,195 |
| Changes in operating assets and liabilities | ||
| Decrease (increase) in: | ||
| Receivables | 15,461 | 25,469 |
| Prepaid expenses | (1,912) | (6,332) |
| Other assets | (9,004) | (12,984) |
| Increase (decrease) in: | ||
| Trade accounts payable | 4,194 | 2,250 |
| Accrued expenses | (21,054) | (6,907) |
| Operating lease liabilities | (36,274) | (31,763) |
| Other liabilities | 7,946 | 6,100 |
| Cash flows provided by operating activities | 147,390 | 127,745 |
| Cash flows from investing activities: | ||
| Acquisitions | (58,584) | (22,143) |
| Capital expenditures | (33,140) | (29,887) |
| Proceeds from disposition of assets and investments | 12,330 | 117,456 |
| Cash flows (used in) provided by investing activities | (79,394) | 65,426 |
| Cash flows from financing activities: | ||
| Cash used for purchase of treasury stock | (6,083) | (26,368) |
| Net proceeds from issuance of common stock | 5,803 | 4,493 |
| Principal payments on long-term debt | (133) | (103) |
| Principal payments on financing leases | (333) | (333) |
| Payments on revolving credit facility | — | (200,000) |
| Proceeds received from revolving credit facility | 80,000 | 202,000 |
| Payments on accounts receivable securitization program | (75,000) | (26,500) |
| Proceeds received from accounts receivable securitization program | 67,100 | — |
| Debt issuance costs | 494 | — |
| Distributions to non-controlling interest | (2,578) | (553) |
| Dividends/distributions | (162,697) | (159,158) |
| Cash flows used in financing activities | (93,427) | (206,522) |
| Effect of exchange rate changes in cash and cash equivalents | (108) | 7 |
| Net decrease in cash and cash equivalents | (25,539) | (13,344) |
| Cash and cash equivalents at beginning of period | 64,812 | 49,461 |
| Cash and cash equivalents at end of period | $39,273 | $36,117 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $33,460 | $36,937 |
| Cash paid for foreign, state and federal income taxes | $2,934 | $7,032 |
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