$LAMR
LAMAR ADVERTISING CO/NEW

2013 Q2 Form 10-Q Financial Statement

#000119312513327135 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $327.7M $304.9M
YoY Change 7.5% 3.93%
Cost Of Revenue $110.7M $105.1M
YoY Change 5.33% 1.94%
Gross Profit $217.0M $199.8M
YoY Change 8.61% 4.99%
Gross Profit Margin 66.21% 65.54%
Selling, General & Admin $69.60M $66.00M
YoY Change 5.45% 11.11%
% of Gross Profit 32.07% 33.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $72.40M $73.00M
YoY Change -0.82% 0.83%
% of Gross Profit 33.36% 36.54%
Operating Expenses $144.4M $138.9M
YoY Change 3.96% 5.47%
Operating Profit $73.32M $64.46M
YoY Change 13.75% 9.99%
Interest Expense $37.89M $38.63M
YoY Change -1.93% -189.22%
% of Operating Profit 51.68% 59.94%
Other Income/Expense, Net -$37.84M -$38.57M
YoY Change -1.9%
Pretax Income $35.48M $25.89M
YoY Change 37.05% 59.81%
Income Tax $12.36M $11.97M
% Of Pretax Income 34.83% 46.22%
Net Earnings $23.12M $13.92M
YoY Change 66.08% 22.12%
Net Earnings / Revenue 7.05% 4.57%
Basic Earnings Per Share $0.24 $0.15
Diluted Earnings Per Share $0.24 $0.15
COMMON SHARES
Basic Shares Outstanding 94.34M shares 93.26B shares
Diluted Shares Outstanding 94.81M shares 93.54B shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $118.9M $98.90M
YoY Change 20.22% 428.88%
Cash & Equivalents $118.9M $98.92M
Short-Term Investments
Other Short-Term Assets $33.57M $102.2M
YoY Change -67.16% 7.13%
Inventory
Prepaid Expenses $61.77M
Receivables $177.7M $159.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $401.4M $360.6M
YoY Change 11.31% 28.83%
LONG-TERM ASSETS
Property, Plant & Equipment $1.150B $1.157B
YoY Change -0.56% -5.97%
Goodwill $1.491B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $42.77M $79.40M
YoY Change -46.13% -0.63%
Total Long-Term Assets $3.157B $3.100B
YoY Change 1.84% -4.86%
TOTAL ASSETS
Total Short-Term Assets $401.4M $360.6M
Total Long-Term Assets $3.157B $3.100B
Total Assets $3.559B $3.461B
YoY Change 2.83% -2.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.30M $11.90M
YoY Change 37.0% -5.56%
Accrued Expenses $99.27M $88.50M
YoY Change 12.17% -1.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $384.2M $158.0M
YoY Change 143.18% 22471.43%
Total Short-Term Liabilities $559.4M $309.0M
YoY Change 81.03% 100.65%
LONG-TERM LIABILITIES
Long-Term Debt $1.765B $2.032B
YoY Change -13.14% -11.09%
Other Long-Term Liabilities $19.18M $198.1M
YoY Change -90.32% 3.28%
Total Long-Term Liabilities $1.784B $2.230B
YoY Change -20.0% -9.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $559.4M $309.0M
Total Long-Term Liabilities $1.784B $2.230B
Total Liabilities $2.649B $2.621B
YoY Change 1.08% -3.55%
SHAREHOLDERS EQUITY
Retained Earnings -$659.1M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $893.8M
YoY Change
Treasury Stock Shares 17.22M shares
Shareholders Equity $909.2M $839.6M
YoY Change
Total Liabilities & Shareholders Equity $3.559B $3.461B
YoY Change 2.83% -2.19%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $23.12M $13.92M
YoY Change 66.08% 22.12%
Depreciation, Depletion And Amortization $72.40M $73.00M
YoY Change -0.82% 0.83%
Cash From Operating Activities $100.3M $97.30M
YoY Change 3.08% 15.01%
INVESTING ACTIVITIES
Capital Expenditures -$26.90M -$29.80M
YoY Change -9.73% 15.06%
Acquisitions
YoY Change
Other Investing Activities -$25.90M -$5.300M
YoY Change 388.68% 2550.0%
Cash From Investing Activities -$52.90M -$35.10M
YoY Change 50.71% 34.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.300M 1.100M
YoY Change -400.0% -101.52%
NET CHANGE
Cash From Operating Activities 100.3M 97.30M
Cash From Investing Activities -52.90M -35.10M
Cash From Financing Activities -3.300M 1.100M
Net Change In Cash 44.10M 63.30M
YoY Change -30.33% -558.7%
FREE CASH FLOW
Cash From Operating Activities $100.3M $97.30M
Capital Expenditures -$26.90M -$29.80M
Free Cash Flow $127.2M $127.1M
YoY Change 0.08% 15.02%

Facts In Submission

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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Type
DocumentType
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dei Document Period End Date
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dei Entity Central Index Key
EntityCentralIndexKey
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dei Current Fiscal Year End Date
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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
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us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-58000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49542000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Interest Expense
InterestExpense
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4640000
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NetCashProvidedByUsedInOperatingActivities
134023000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
500000000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2012Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
65000
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2012Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2012Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
3634000
CY2012Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
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CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2012Q2 us-gaap Advertising Revenue Cost
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CY2012Q2 us-gaap Costs And Expenses
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CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2012Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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CY2012Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13137000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012Q2 us-gaap Interest Expense
InterestExpense
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CY2013Q2 us-gaap Investment Income Interest
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51000
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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32421000
CY2013Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
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CY2013Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
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CY2013Q2 us-gaap Operating Income Loss
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CY2013Q2 us-gaap Earnings Per Share Basic
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CY2013Q2 us-gaap Advertising Revenue Cost
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CY2013Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2013Q2 us-gaap Nonoperating Income Expense
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CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
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AdvertisingRevenue
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CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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CY2013Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
91000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
20382000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11166000
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21164000
CY2013Q2 us-gaap Interest Expense
InterestExpense
37887000

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