LAMAR ADVERTISING CONEW
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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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Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $44,605 | $52,619 |
| Receivables, net of allowance for doubtful accounts of $12,477 and $11,418 as of 2023 and 2022, respectively | 301,189 | 285,039 |
| Other current assets | 27,392 | 26,894 |
| Total current assets | 373,186 | 364,552 |
| Property, plant and equipment (note 5) | 4,274,831 | 4,109,146 |
| Less accumulated depreciation and amortization | (2,708,361) | (2,609,447) |
| Net property, plant and equipment | 1,566,470 | 1,499,699 |
| Operating lease right of use assets | 1,315,433 | 1,271,631 |
| Financing lease right of use assets | 11,184 | 14,037 |
| Goodwill (note 6) | 2,035,271 | 2,035,269 |
| Intangible assets, net (note 6) | 1,171,434 | 1,206,625 |
| Other assets | 90,644 | 83,401 |
| Total assets | $6,563,622 | $6,475,214 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | $18,238 | $19,643 |
| Current maturities of long-term debt, net of deferred financing costs of $380 and $593 in 2023 and 2022, respectively (note 9) | 250,018 | 249,785 |
| Current operating lease liabilities (note 7) | 210,568 | 205,838 |
| Current financing lease liabilities (note 7) | 1,331 | 1,331 |
| Accrued expenses (note 8) | 107,195 | 117,593 |
| Deferred income | 126,547 | 131,847 |
| Total current liabilities | 713,897 | 726,037 |
| Long-term debt, net of deferred financing costs of $28,865 and $32,022 in 2023 and 2022, respectively (note 9) | 3,091,109 | 3,063,020 |
| Operating lease liabilities (note 7) | 1,075,285 | 1,035,655 |
| Financing lease liabilities (note 7) | 14,614 | 15,945 |
| Deferred income tax liabilities (note 12) | 12,047 | 9,651 |
| Asset retirement obligation (note 10) | 397,991 | 390,442 |
| Other liabilities | 41,891 | 39,090 |
| Total liabilities | 5,346,834 | 5,279,840 |
| Stockholders’ equity (note 14): | ||
| Series AA preferred stock, par value $0.001, $63.80 cumulative dividends, authorized 5,720 shares; 5,720 shares issued and outstanding at 2023 and 2022 | — | — |
| Class A common stock, par value $0.001, 362,500,000 shares authorized, 88,486,495 and 88,110,928 shares issued and 87,645,560 and 87,327,232 outstanding at 2023 and 2022, respectively | 88 | 88 |
| Class B common stock, par value $0.001, 37,500,000 shares authorized, 14,420,085 shares issued and outstanding at 2023 and 2022 | 14 | 14 |
| Additional paid-in-capital | 2,103,282 | 2,061,671 |
| Accumulated comprehensive loss | (428) | (659) |
| Accumulated deficit | (819,235) | (804,382) |
| Cost of shares held in treasury, 840,935 and 783,696 shares in 2023 and 2022, respectively | (67,347) | (61,358) |
| Non-controlling interest | 414 | — |
| Stockholders’ equity | 1,216,788 | 1,195,374 |
| Total liabilities and stockholders’ equity | $6,563,622 | $6,475,214 |
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