$LAMR
LAMAR ADVERTISING CO/NEW

2013 Q3 Form 10-Q Financial Statement

#000119312513430534 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $321.1M $306.3M
YoY Change 4.85% 3.23%
Cost Of Revenue $109.6M $103.8M
YoY Change 5.59% 0.58%
Gross Profit $211.5M $202.4M
YoY Change 4.5% 4.6%
Gross Profit Margin 65.86% 66.08%
Selling, General & Admin $67.70M $65.70M
YoY Change 3.04% 3.46%
% of Gross Profit 32.01% 32.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.20M $73.90M
YoY Change -0.95% -1.73%
% of Gross Profit 34.61% 36.51%
Operating Expenses $145.1M $139.7M
YoY Change 3.87% 0.72%
Operating Profit $67.23M $63.52M
YoY Change 5.84% 14.61%
Interest Expense $37.68M $38.53M
YoY Change -2.22% -9.4%
% of Operating Profit 56.04% 60.66%
Other Income/Expense, Net -$37.64M -$40.37M
YoY Change -6.78% -5.13%
Pretax Income $29.59M $23.15M
YoY Change 27.83% 79.86%
Income Tax $12.50M $11.66M
% Of Pretax Income 42.24% 50.34%
Net Earnings $17.09M $11.50M
YoY Change 48.7% 187.98%
Net Earnings / Revenue 5.32% 3.75%
Basic Earnings Per Share $0.18 $0.12
Diluted Earnings Per Share $0.18 $0.12
COMMON SHARES
Basic Shares Outstanding 94.53M shares 93.42B shares
Diluted Shares Outstanding 94.93M shares 93.73B shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $182.7M $38.40M
YoY Change 375.78% -7.47%
Cash & Equivalents $182.7M $38.45M
Short-Term Investments
Other Short-Term Assets $28.39M $27.71M
YoY Change 2.47% -67.21%
Inventory
Prepaid Expenses $60.13M $55.43M
Receivables $179.4M $164.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $461.7M $297.1M
YoY Change 55.39% 3.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.143B $1.146B
YoY Change -0.22% -5.79%
Goodwill $1.502B $1.435B
YoY Change 4.69%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $43.65M $40.74M
YoY Change 7.14% -45.68%
Total Long-Term Assets $3.164B $3.096B
YoY Change 2.19% -3.7%
TOTAL ASSETS
Total Short-Term Assets $461.7M $297.1M
Total Long-Term Assets $3.164B $3.096B
Total Assets $3.625B $3.393B
YoY Change 6.84% -3.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.11M $13.35M
YoY Change 20.65% -37.31%
Accrued Expenses $125.2M $100.0M
YoY Change 25.18% 1.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $393.8M $35.65M
YoY Change 1004.63% 291.79%
Total Short-Term Liabilities $598.7M $196.3M
YoY Change 205.01% 11.08%
LONG-TERM LIABILITIES
Long-Term Debt $1.749B $2.040B
YoY Change -14.26% -7.87%
Other Long-Term Liabilities $20.11M $14.81M
YoY Change 35.82% -92.27%
Total Long-Term Liabilities $1.769B $2.055B
YoY Change -13.9% -14.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $598.7M $196.3M
Total Long-Term Liabilities $1.769B $2.055B
Total Liabilities $2.692B $2.532B
YoY Change 6.31% -5.34%
SHAREHOLDERS EQUITY
Retained Earnings -$640.9M -$681.3M
YoY Change -5.93%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $893.8M $889.6M
YoY Change 0.47%
Treasury Stock Shares 17.22M shares 17.12M shares
Shareholders Equity $933.5M $860.9M
YoY Change
Total Liabilities & Shareholders Equity $3.625B $3.393B
YoY Change 6.84% -3.1%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $17.09M $11.50M
YoY Change 48.7% 187.98%
Depreciation, Depletion And Amortization $73.20M $73.90M
YoY Change -0.95% -1.73%
Cash From Operating Activities $142.7M $119.3M
YoY Change 19.61% 6.23%
INVESTING ACTIVITIES
Capital Expenditures -$25.00M -$28.20M
YoY Change -11.35% -1.05%
Acquisitions
YoY Change
Other Investing Activities -$49.90M -$40.00M
YoY Change 24.75% 684.31%
Cash From Investing Activities -$74.70M -$68.20M
YoY Change 9.53% 102.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.500M -112.1M
YoY Change -95.99% 103.45%
NET CHANGE
Cash From Operating Activities 142.7M 119.3M
Cash From Investing Activities -74.70M -68.20M
Cash From Financing Activities -4.500M -112.1M
Net Change In Cash 63.50M -61.00M
YoY Change -204.1% -358.47%
FREE CASH FLOW
Cash From Operating Activities $142.7M $119.3M
Capital Expenditures -$25.00M -$28.20M
Free Cash Flow $167.7M $147.5M
YoY Change 13.69% 4.76%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38448000
CY2013Q3 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
3.25 pure
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
17216635 shares
CY2013Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
125206000
CY2013Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2142814000
CY2013Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1748980000
CY2013Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1866423000
CY2013Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2463129000
CY2013Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
16111000
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
598655000
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4973000
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
20109000
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
933491000
CY2013Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2149281000
CY2013Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9000000
CY2013Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
30892000
CY2013Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
243027000
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-640891000
CY2013Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
63504000
CY2013Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2147369000
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
99461000
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2127720000
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1760090000
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2432518000
CY2013Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
2130000
CY2013Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1620142000
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3625422000
CY2013Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
126253000
CY2013Q3 us-gaap Long Term Debt
LongTermDebt
2142814000
CY2013Q3 us-gaap Liabilities
Liabilities
2691931000
CY2013Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
197934000
CY2013Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
393834000
CY2013Q3 us-gaap Assets Current
AssetsCurrent
461682000
CY2013Q3 us-gaap Goodwill
Goodwill
1502400000
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
43648000
CY2013Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
60133000
CY2013Q3 us-gaap Assets
Assets
3625422000
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
182665000
CY2013Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
179434000
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3009498000
CY2013Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
441767000
CY2013Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
83776000
CY2013Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2061909000
CY2013Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
32850000
CY2013Q3 us-gaap Other Assets Current
OtherAssetsCurrent
28390000
CY2013Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
14513000
CY2013Q3 us-gaap Goodwill Gross
GoodwillGross
1755936000
CY2013Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
11060000
CY2013Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
961000
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
893832000
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1143075000
CY2013Q3 lamr Minimum Senior Leverage Ratio For Applicability Of Restriction On Transfer
MinimumSeniorLeverageRatioForApplicabilityOfRestrictionOnTransfer
3.0 pure
CY2013Q3 lamr Balance Of Permitted Transfers To Parent Company
BalanceOfPermittedTransfersToParentCompany
1973528000
CY2013Q3 lamr Description Of Provisions On Senior Credit Facility Transfers To Parent Company Subject To Additional Restrictions
DescriptionOfProvisionsOnSeniorCreditFacilityTransfersToParentCompanySubjectToAdditionalRestrictions
The total holdings debt ratio is greater than 5.75 to 1 or (y) the senior debt ratio is greater than 3.25 to 1.0, and (ii) if under the indenture for Lamar Media's 9 3/4% senior notes and as defined therein, its senior leverage ratio is greater than or equal to 3.0 to 1.
CY2013Q3 lamr Description Of Position On Senior Credit Facility Transfers To Parent Company Not Subject To Additional Restrictions
DescriptionOfPositionOnSeniorCreditFacilityTransfersToParentCompanyNotSubjectToAdditionalRestrictions
The total holdings debt ratio was less than 5.75 to 1 and Lamar Media's senior debt ratio was less than 3.25 to 1 and its senior leverage ratio was less than 3.0 to 1; therefore, transfers to Lamar Advertising were not subject to any additional restrictions under the senior credit facility or pursuant to the indenture governing the 9 3/4% senior notes.
CY2013Q3 lamr Maximum Actual Holdings Debt Ratio
MaximumActualHoldingsDebtRatio
5.75 pure
CY2013Q3 lamr Maximum Actual Senior Leverage Ratio
MaximumActualSeniorLeverageRatio
3.0 pure
CY2013Q3 lamr Goodwill Accumulated Amortization
GoodwillAccumulatedAmortization
253536000
CY2013Q3 lamr Minimum Holding Debt Ratio For Applicability Of Restriction On Transfer
MinimumHoldingDebtRatioForApplicabilityOfRestrictionOnTransfer
5.75 pure
CY2013Q3 lamr Business Acquisitions Purchase Price Allocation Goodwill Amount
BusinessAcquisitionsPurchasePriceAllocationGoodwillAmount
17358000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33503000
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
17119205 shares
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
159829000
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2940449000
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
468312000
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2009191000
CY2012Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
37787000
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
30546000
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
13539000
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
197457000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
5978000
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
16388000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
874833000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7615000
CY2012Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
25867000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-674143000
CY2012Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
51323000
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1540879000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3514030000
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
107973000
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
2160854000
CY2012Q4 us-gaap Liabilities
Liabilities
2639197000
CY2012Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
189659000
CY2012Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
33134000
CY2012Q4 us-gaap Assets Current
AssetsCurrent
301235000
CY2012Q4 us-gaap Goodwill
Goodwill
1485150000
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
41187000
CY2012Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
41132000
CY2012Q4 us-gaap Assets
Assets
3514030000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
58911000
CY2012Q4 us-gaap Goodwill Gross
GoodwillGross
1738686000
CY2012Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
10817000
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
889631000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1180359000
CY2012Q4 lamr Balance Of Permitted Transfers To Parent Company
BalanceOfPermittedTransfersToParentCompany
1706875000
CY2012Q4 lamr Goodwill Accumulated Amortization
GoodwillAccumulatedAmortization
253536000
dei Trading Symbol
TradingSymbol
LAMR
dei Entity Registrant Name
EntityRegistrantName
LAMAR ADVERTISING CO/NEW
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0001090425
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Terms Of Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward
Vesting terms ranging from three to five years and include 1) options that vest in one-fifth increments beginning on the grant date and continuing on each of the first four anniversaries of the grant date and 2) options that cliff-vest on the fifth anniversary of the grant date.
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94692129000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
409500000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.36
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.36
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
294684000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94282629000 shares
us-gaap Interest Paid
InterestPaid
85170000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
53315000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
2094000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32520000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
83776000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33252000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2392000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
83776000
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
361000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
24441000
us-gaap Income Taxes Paid
IncomeTaxesPaid
2467000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
90000
us-gaap Investment Income Interest
InvestmentIncomeInterest
121000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1204000
us-gaap Operating Income Loss
OperatingIncomeLoss
165458000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
34409000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
17852000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
939747000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1005000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
22485000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-112143000
us-gaap Net Income Loss
NetIncomeLoss
33525000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
273000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4200000
us-gaap Advertising Revenue
AdvertisingRevenue
931347000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
77677000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
2525000
us-gaap Costs And Expenses
CostsAndExpenses
765889000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
176158000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13293000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
273000
us-gaap Advertising Revenue Cost
AdvertisingRevenueCost
326882000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
219492000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
17037000
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
45451000
us-gaap Share Based Compensation
ShareBasedCompensation
23107000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4949000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
123754000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
18116000
us-gaap Interest Expense
InterestExpense
112264000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15711000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4771000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-157043000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
6095000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11354000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8408000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
2236000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19790000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-594000
lamr Reduced Percentage Of Consolidated Excess Cash Flow To Repay Outstanding Loan Two
ReducedPercentageOfConsolidatedExcessCashFlowToRepayOutstandingLoanTwo
0.00 pure
lamr Description Of Interest Computation On Basis Of Period
DescriptionOfInterestComputationOnBasisOfPeriod
360-day year comprised of twelve 30-day months
lamr Line Of Credit Additional Borrowing Capacity
LineOfCreditAdditionalBorrowingCapacity
200000000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
20674000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93550891000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
285270000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.04
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.04
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
253349000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93265621000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3650000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2329000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
54738000
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-118000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8381000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1906000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
14328000
us-gaap Investment Income Interest
InvestmentIncomeInterest
270000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1048000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-31956000
us-gaap Operating Income Loss
OperatingIncomeLoss
153772000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
3878000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
14325000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
916282000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
5309000
us-gaap Interest Paid
InterestPaid
102334000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5005000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1048000
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
722296000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-148767000
us-gaap Net Income Loss
NetIncomeLoss
2602000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
273000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1113000
us-gaap Advertising Revenue
AdvertisingRevenue
877396000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
77747000
us-gaap Costs And Expenses
CostsAndExpenses
723624000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
157275000
CY2012Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.13
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93423063000 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
306449000 shares
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-121582000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
273000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
100000000
us-gaap Advertising Revenue Cost
AdvertisingRevenueCost
312339000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
219283000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1099000
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
40036000
us-gaap Share Based Compensation
ShareBasedCompensation
10902000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4308000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4945000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4312000
us-gaap Interest Expense
InterestExpense
117081000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9809000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5023000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
500000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-127344000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
7134000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
15000000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
13101000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
8000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2403000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
522000
lamr Non Cash Acquisition Of Outdoor Advertising Assets
NonCashAcquisitionOfOutdoorAdvertisingAssets
3098000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93729512000 shares
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2012Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.13
CY2013Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.20
CY2013Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.20
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94528877000 shares
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12648000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11405000
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
147000
CY2012Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1984000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
63522000
CY2012Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
12142000
CY2012Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
317586000
CY2012Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
739000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
23151000
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1152000
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-40371000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
11496000
CY2012Q3 us-gaap Advertising Revenue
AdvertisingRevenue
306286000
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
242764000
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
52153000
CY2012Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
91000
CY2012Q3 us-gaap Advertising Revenue Cost
AdvertisingRevenueCost
103845000
CY2012Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
73915000
CY2012Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
13590000
CY2012Q3 us-gaap Interest Expense
InterestExpense
38534000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11655000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94927069000 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
398192000 shares
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18874000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18249000
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
42000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
69272000
CY2013Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
18504000
CY2013Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
324941000
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
534000
CY2013Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
787000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
31637000
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-37635000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
18340000
CY2013Q3 us-gaap Advertising Revenue
AdvertisingRevenue
323184000
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
253912000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
57033000
CY2013Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
91000
CY2013Q3 us-gaap Advertising Revenue Cost
AdvertisingRevenueCost
109640000
CY2013Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
73183000
CY2013Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
14843000
CY2013Q3 us-gaap Interest Expense
InterestExpense
37677000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13297000

Files In Submission

Name View Source Status
0001193125-13-430534-index-headers.html Edgar Link pending
0001193125-13-430534-index.html Edgar Link pending
0001193125-13-430534.txt Edgar Link pending
0001193125-13-430534-xbrl.zip Edgar Link pending
d599934d10q.htm Edgar Link pending
d599934dex12a.htm Edgar Link pending
d599934dex12b.htm Edgar Link pending
d599934dex311.htm Edgar Link pending
d599934dex312.htm Edgar Link pending
d599934dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lamr-20130930.xml Edgar Link completed
lamr-20130930.xsd Edgar Link pending
lamr-20130930_cal.xml Edgar Link unprocessable
lamr-20130930_def.xml Edgar Link unprocessable
lamr-20130930_lab.xml Edgar Link unprocessable
lamr-20130930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending