$LAMR
LAMAR ADVERTISING CO/NEW

2016 Q3 Form 10-Q Financial Statement

#000156459016027400 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $387.5M $350.7M
YoY Change 10.5% 4.69%
Cost Of Revenue $131.8M $121.7M
YoY Change 8.3% 8.27%
Gross Profit $255.7M $229.0M
YoY Change 11.66% 2.88%
Gross Profit Margin 65.98% 65.3%
Selling, General & Admin $86.80M $76.10M
YoY Change 14.06% 7.79%
% of Gross Profit 33.95% 33.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.30M $46.40M
YoY Change 6.25% -26.0%
% of Gross Profit 19.28% 20.26%
Operating Expenses $136.1M $122.6M
YoY Change 11.01% -10.77%
Operating Profit $119.6M $111.6M
YoY Change 7.13% 29.78%
Interest Expense $31.10M $24.71M
YoY Change 25.87% 1.19%
% of Operating Profit 26.01% 22.13%
Other Income/Expense, Net -$31.10M -$24.71M
YoY Change 25.88% 1.23%
Pretax Income $88.67M $86.94M
YoY Change 2.0% 41.09%
Income Tax $3.613M $972.0K
% Of Pretax Income 4.07% 1.12%
Net Earnings $85.06M $85.97M
YoY Change -1.05% 145.26%
Net Earnings / Revenue 21.95% 24.51%
Basic Earnings Per Share $0.87 $0.89
Diluted Earnings Per Share $0.87 $0.89
COMMON SHARES
Basic Shares Outstanding 97.25M 96.54M
Diluted Shares Outstanding 97.88M 96.60M

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.50M $29.10M
YoY Change 28.87% 3.93%
Cash & Equivalents $37.48M $29.08M
Short-Term Investments
Other Short-Term Assets $38.73M $39.09M
YoY Change -0.91% 12.92%
Inventory
Prepaid Expenses $70.19M $63.61M
Receivables $207.5M $187.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $355.2M $320.8M
YoY Change 10.72% 1.9%
LONG-TERM ASSETS
Property, Plant & Equipment $1.180B $1.089B
YoY Change 8.33% -0.59%
Goodwill $1.727B $1.543B
YoY Change 11.89% 2.05%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $39.39M $36.95M
YoY Change 6.58% -1.26%
Total Long-Term Assets $3.547B $3.096B
YoY Change 14.59% 1.33%
TOTAL ASSETS
Total Short-Term Assets $355.2M $320.8M
Total Long-Term Assets $3.547B $3.096B
Total Assets $3.903B $3.416B
YoY Change 14.23% 1.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.64M $16.64M
YoY Change 6.01% -7.47%
Accrued Expenses $110.1M $96.85M
YoY Change 13.73% 3.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $28.82M $19.38M
YoY Change 48.73% 24.2%
Total Short-Term Liabilities $259.1M $232.2M
YoY Change 11.56% 3.31%
LONG-TERM LIABILITIES
Long-Term Debt $2.351B $1.949B
YoY Change 20.63% 1.22%
Other Long-Term Liabilities $23.91M $22.06M
YoY Change 8.34% -3.73%
Total Long-Term Liabilities $2.375B $1.971B
YoY Change 20.5% 1.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $259.1M $232.2M
Total Long-Term Liabilities $2.375B $1.971B
Total Liabilities $2.846B $2.411B
YoY Change 18.07% -4.44%
SHAREHOLDERS EQUITY
Retained Earnings -$637.4M -$645.5M
YoY Change -1.27% -15.11%
Common Stock $1.706B $1.658B
YoY Change 2.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.30M $6.099M
YoY Change 101.72% -99.32%
Treasury Stock Shares $216.1K 104.8K shares
Shareholders Equity $1.056B $1.006B
YoY Change
Total Liabilities & Shareholders Equity $3.903B $3.416B
YoY Change 14.23% 1.38%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $85.06M $85.97M
YoY Change -1.05% 145.26%
Depreciation, Depletion And Amortization $49.30M $46.40M
YoY Change 6.25% -26.0%
Cash From Operating Activities $126.8M $125.3M
YoY Change 1.2% -3.47%
INVESTING ACTIVITIES
Capital Expenditures -$27.30M -$24.40M
YoY Change 11.89% -17.57%
Acquisitions
YoY Change
Other Investing Activities -$18.90M -$61.30M
YoY Change -69.17% 39.32%
Cash From Investing Activities -$46.20M -$85.60M
YoY Change -46.03% 16.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -84.60M -36.80M
YoY Change 129.89% -40.74%
NET CHANGE
Cash From Operating Activities 126.8M 125.3M
Cash From Investing Activities -46.20M -85.60M
Cash From Financing Activities -84.60M -36.80M
Net Change In Cash -4.000M 2.900M
YoY Change -237.93% -149.15%
FREE CASH FLOW
Cash From Operating Activities $126.8M $125.3M
Capital Expenditures -$27.30M -$24.40M
Free Cash Flow $154.1M $149.7M
YoY Change 2.94% -6.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37479000
CY2016Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
207507000
us-gaap Net Income Loss
NetIncomeLoss
218284000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
228014000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
85965000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
204319000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
972000
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
38734000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9730000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
85061000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18278000
CY2015Q4 us-gaap Assets Current
AssetsCurrent
281732000
CY2015Q4 us-gaap Goodwill
Goodwill
1546594000
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1095137000
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3273931000
CY2016Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2094330000
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2044102000
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1179601000
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
39218000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3198000
us-gaap Investment Income Interest
InvestmentIncomeInterest
6000
CY2016Q3 us-gaap Interest Expense
InterestExpense
31102000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
21700000
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2052000
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
22628000
CY2015Q4 us-gaap Liabilities
Liabilities
2342685000
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1664038000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1178000
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-635799000
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
6099000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1021059000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3363744000
CY2015Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
115208000
CY2015Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
87661000
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1874941000
CY2016Q3 us-gaap Assets Current
AssetsCurrent
355242000
CY2016Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2351198000
CY2016Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1745000
CY2015Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
206234000
us-gaap Costs And Expenses
CostsAndExpenses
719183000
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
17452000
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
402886000
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
16509000
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
37395000
CY2015Q4 us-gaap Assets
Assets
3363744000
CY2016Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
49307000
CY2015Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
16654000
CY2016Q3 us-gaap Advertising Revenue Cost
AdvertisingRevenueCost
131778000
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67487000
CY2016Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
19359000
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
104836
CY2015Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
4823000
CY2015Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
23211000
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-31100000
CY2016Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.76
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96602429
CY2015Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
91000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
88674000
CY2015Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.69
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97254125
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96541766
CY2015Q3 us-gaap Interest Expense
InterestExpense
24709000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97881878
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
84970000
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
85874000
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.89
CY2016Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
91000
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8984000
CY2016Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
24829000
CY2016Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
1336000
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
59489000
CY2016Q3 us-gaap Goodwill
Goodwill
1726724000
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22327000
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
174398000
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
44437000
CY2015Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
1352000
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
39386000
CY2016Q3 us-gaap Assets
Assets
3902520000
CY2016Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
17637000
CY2016Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
28824000
CY2016Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
110145000
CY2016Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
102485000
CY2016Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
210275000
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
23905000
CY2016Q3 us-gaap Liabilities
Liabilities
2846214000
CY2016Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1705910000
CY2016Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-27000
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-637372000
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
12303000
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
216088
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
7230000
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
1056306000
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3902520000
CY2016Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10668000
CY2015Q3 us-gaap Advertising Revenue
AdvertisingRevenue
350701000
us-gaap Advertising Revenue
AdvertisingRevenue
997427000
us-gaap Advertising Revenue
AdvertisingRevenue
1113577000
us-gaap Advertising Revenue Cost
AdvertisingRevenueCost
350859000
CY2016Q3 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
5403000
CY2015Q3 us-gaap Advertising Revenue Cost
AdvertisingRevenueCost
121676000
us-gaap Advertising Revenue Cost
AdvertisingRevenueCost
393228000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
111644000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
200734000
us-gaap Costs And Expenses
CostsAndExpenses
789902000
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
601567000
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
259091000
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
236830000
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1713000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
84733000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9391000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
300000000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3043000
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29078000
us-gaap Interest Paid
InterestPaid
77934000
us-gaap Income Taxes Paid
IncomeTaxesPaid
9412000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-95661000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9572000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
78825000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
80764000
us-gaap Investment Income Interest
InvestmentIncomeInterest
28000
us-gaap Interest Expense
InterestExpense
92469000
us-gaap Operating Income Loss
OperatingIncomeLoss
278244000
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-16000
us-gaap Interest Expense
InterestExpense
73953000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-73925000
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
28000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7753000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-150000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3613000
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-24707000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
1025000
us-gaap Operating Income Loss
OperatingIncomeLoss
323675000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
219857000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8369000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
300000000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
273496000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
15152000
us-gaap Share Based Compensation
ShareBasedCompensation
19650000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
39072000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97056456
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.23
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
8521000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
337826000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2916000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5923000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
526029000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.25
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3498000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1327000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7457000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96220306
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
19758000
us-gaap Share Based Compensation
ShareBasedCompensation
17508000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-761000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.26
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5831000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
313470000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97631606
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
20645000
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-328000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
84252000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
185768000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96284482
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.87
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.93
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.06
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4494000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
183125000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-5623000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1151000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3993000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
123291000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
219435000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
218011000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.93
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4845000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
7745000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
198721000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18278000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
24633000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15015000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11265000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
302000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
155200000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
235000000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
408000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
400000000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
315000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-195714000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-597085000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6204000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6099000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2036000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-112677000
us-gaap Interest Paid
InterestPaid
91952000
us-gaap Income Taxes Paid
IncomeTaxesPaid
11023000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
915000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26035000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
218698000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
179690000
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.87
CY2015Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.88
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.24
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.87
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1117020000
CY2015Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
84867000
CY2015Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.88
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.25
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2016Q3 lamr Preferred Stock Dividend Shares
PreferredStockDividendShares
15.95
CY2015Q3 lamr Preferred Stock Dividend Shares
PreferredStockDividendShares
15.95
lamr Preferred Stock Dividend Shares
PreferredStockDividendShares
47.85
CY2015Q4 lamr Balance Of Permitted Transfers To Parent Company
BalanceOfPermittedTransfersToParentCompany
2487196000
CY2016Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
535029000
CY2016Q3 lamr Business Acquisition Cost Of Acquired Entity Noncash Consideration One
BusinessAcquisitionCostOfAcquiredEntityNoncashConsiderationOne
9000000
lamr Business Acquisition Gain Loss Recognized
BusinessAcquisitionGainLossRecognized
8599000
CY2016Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
94965000
CY2016Q3 lamr Business Acquisitions Purchase Price Allocation Goodwill Amount
BusinessAcquisitionsPurchasePriceAllocationGoodwillAmount
180001000
CY2016Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
4697000
CY2016Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
3169000
CY2016Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
6255000
CY2016Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
535029000
CY2016Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
388074000
CY2016Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
85090000
CY2016Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.87
CY2015Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
375939000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1083278000
CY2016Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.87
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.
CY2016Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2468044000
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1866477000
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2208699000
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1805813000
CY2016Q3 us-gaap Goodwill Gross
GoodwillGross
1980260000
CY2016Q3 lamr Goodwill Accumulated Amortization
GoodwillAccumulatedAmortization
253536000
CY2015Q4 us-gaap Goodwill Gross
GoodwillGross
1800130000
CY2015Q4 lamr Goodwill Accumulated Amortization
GoodwillAccumulatedAmortization
253536000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
4568000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
3216000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
3743000
CY2016Q3 lamr Balance Of Permitted Transfers To Parent Company
BalanceOfPermittedTransfersToParentCompany
2639956000
lamr Description Of Provisions On Senior Credit Facility Transfers To Parent Company Subject To Additional Restrictions
DescriptionOfProvisionsOnSeniorCreditFacilityTransfersToParentCompanySubjectToAdditionalRestrictions
(i) the total debt ratio is equal to or greater than 6.0 to 1 or (ii) the senior debt ratio is equal to or greater than 3.5 to 1.
CY2016Q3 lamr Minimum Holding Debt Ratio For Applicability Of Restriction On Transfer
MinimumHoldingDebtRatioForApplicabilityOfRestrictionOnTransfer
6.0
lamr Description Of Position On Senior Credit Facility Transfers To Parent Company Not Subject To Additional Restrictions
DescriptionOfPositionOnSeniorCreditFacilityTransfersToParentCompanyNotSubjectToAdditionalRestrictions
The total debt ratio was less than 6.0 to 1 and Lamar Media's senior debt ratio was less than 3.5 to 1; therefore, dividends or distributions to Lamar Advertising were not subject to any additional restrictions under the senior credit facility.
CY2016Q3 lamr Maximum Actual Holdings Debt Ratio
MaximumActualHoldingsDebtRatio
6.0
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2016Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2410254000
CY2016Q3 lamr Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
34227000
CY2016Q3 lamr Debt Instrument Carrying Amount Non Current
DebtInstrumentCarryingAmountNonCurrent
2376027000
CY2016Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
30232000
CY2016Q3 us-gaap Long Term Debt
LongTermDebt
2380022000
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1919484000
CY2015Q4 lamr Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
21332000
CY2015Q4 lamr Debt Instrument Carrying Amount Non Current
DebtInstrumentCarryingAmountNonCurrent
1898152000
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
28034000
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
1891450000
CY2014Q2 lamr Line Of Credit Facility Amended And Restated Date
LineOfCreditFacilityAmendedAndRestatedDate
2014-04-18
CY2016Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
184896000
CY2016Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
9104000
CY2016Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2517113000
lamr Preferred Stock Dividend Shares
PreferredStockDividendShares
47.85
CY2016Q3 us-gaap Line Of Credit
LineOfCredit
206000000
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3139239000
CY2016Q3 us-gaap Advertising Revenue
AdvertisingRevenue
387516000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
86937000
CY2016Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
70186000
CY2015Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2000
us-gaap Net Income Loss
NetIncomeLoss
186041000
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
273000
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
273000

Files In Submission

Name View Source Status
0001564590-16-027400-index-headers.html Edgar Link pending
0001564590-16-027400-index.html Edgar Link pending
0001564590-16-027400.txt Edgar Link pending
0001564590-16-027400-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lamr-10q_20160930.htm Edgar Link pending
lamr-20160930.xml Edgar Link completed
lamr-20160930.xsd Edgar Link pending
lamr-20160930_cal.xml Edgar Link unprocessable
lamr-20160930_def.xml Edgar Link unprocessable
lamr-20160930_lab.xml Edgar Link unprocessable
lamr-20160930_pre.xml Edgar Link unprocessable
lamr-ex12a_6.htm Edgar Link pending
lamr-ex12b_10.htm Edgar Link pending
lamr-ex311_8.htm Edgar Link pending
lamr-ex312_9.htm Edgar Link pending
lamr-ex321_7.htm Edgar Link pending
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
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.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