LAMAR ADVERTISING CO/NEW
For the period ended Jun 30, 2026. Filed Aug 6, 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.
Jun 30, 2026 · Filed Aug 6, 2026
LAMR$163.40+2.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for the
Condensed Consolidated Statements of Cash Flows
(In thousands)
| Six Months EndedJune 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $266,485 | $294,245 |
| Adjustments to reconcile net income to cash flows provided by operating activities | ||
| Depreciation and amortization | 166,385 | 155,931 |
| Stock-based compensation | 25,269 | 17,725 |
| Amortization included in interest expense | 3,387 | 3,056 |
| Gain on disposition of assets and investments | (15,287) | (73,961) |
| Equity in earnings of investee | — | (206) |
| Deferred tax expense (benefit) | 1,561 | (8,319) |
| Provision for doubtful accounts | 4,792 | 3,274 |
| Changes in operating assets and liabilities | ||
| (Increase) decrease in: | ||
| Receivables | (41,190) | (14,000) |
| Prepaid expenses | (988) | (4,601) |
| Other assets | 5,734 | (10,571) |
| (Decrease) increase in: | ||
| Trade accounts payable | (490) | 759 |
| Accrued expenses | (14,371) | (8,050) |
| Operating lease liabilities | (33,754) | (28,272) |
| Other liabilities | 32,274 | 30,222 |
| Cash flows provided by operating activities | 399,807 | 357,232 |
| Cash flows from investing activities: | ||
| Acquisitions | (101,935) | (87,080) |
| Capital expenditures | (75,859) | (68,088) |
| Proceeds from disposition of assets and investments | 15,252 | 121,392 |
| Cash flows used in investing activities | (162,542) | (33,776) |
| Cash flows from financing activities: | ||
| Cash used for purchase of treasury stock | (6,083) | (157,921) |
| Net proceeds from issuance of common stock | 13,136 | 8,635 |
| Principal payments on long-term debt | (243) | (208) |
| Principal payments on financing leases | (666) | (666) |
| Payments on revolving credit facility | (80,000) | (292,000) |
| Proceeds received from revolving credit facility | 170,000 | 442,000 |
| Payments on accounts receivable securitization program | (135,000) | (29,400) |
| Proceeds received from accounts receivable securitization program | 135,000 | 29,400 |
| Debt issuance costs | 494 | — |
| Distributions to non-controlling interest | (5,012) | (995) |
| Dividends/distributions | (325,605) | (316,314) |
| Cash flows used in financing activities | (233,979) | (317,469) |
| Effect of exchange rate changes in cash and cash equivalents | (148) | 278 |
| Net increase in cash and cash equivalents | 3,138 | 6,265 |
| Cash and cash equivalents at beginning of period | 64,812 | 49,461 |
| Cash and cash equivalents at end of period | $67,950 | $55,726 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $80,789 | $76,035 |
| Cash paid for foreign, state and federal income taxes | $5,811 | $14,666 |
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