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Consolidated Statements of Cash Flows (Subsidiary) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 496,836 $ 438,647 $ 388,090
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 293,423 349,449 271,294
Non-cash compensation 22,649 23,136 37,368
Amortization included in interest expense 6,538 6,158 5,877
Gain on disposition of assets (5,474) (15,721) (2,115)
Loss on extinguishment of debt 115 0 21,604
Equity in earnings of investee (3,696) (4,315) (3,384)
Deferred income tax expense 2,384 3,212 1,574
Provision for doubtful accounts 12,737 9,013 4,527
(Increase) decrease in:      
Receivables (28,744) (22,511) (24,684)
Prepaid expenses 1,087 (906) (5,493)
Other assets (3,363) 2,711 5,030
(Decrease) increase in:      
Trade accounts payable (307) 1,176 1,308
Accrued expenses (1,708) (10,773) 9,553
Operating lease liabilities 2,490 7,198 3,819
Other liabilities (11,354) (4,862) 20,049
Cash flows provided by operating activities 783,613 781,612 734,417
Cash flows from investing activities:      
Capital expenditures (178,271) (167,078) (126,090)
Acquisitions (138,961) (479,766) (312,257)
Payment for investments in equity securities 0 0 (30,000)
Decrease in notes receivable 62 12,124 107
Proceeds from disposition of assets and investments 7,051 15,649 6,480
Cash flows used in investing activities (310,119) (619,071) (461,760)
Cash flows from financing activities:      
Proceeds received from revolving credit facility 403,000 445,000 200,000
Payments on revolving credit facility (378,000) (575,000) (25,000)
Principal payments on long-term debt (381) (365) (378)
Principal payments on financing leases (1,331) (1,331) (1,331)
Proceeds received from senior credit facility term loans 0 350,000 0
Proceeds received from accounts receivable securitization program 114,900 265,000 180,000
Payments on accounts receivable securitization program (114,900) (190,000) (127,500)
Debt issuance costs (2,951) (1,583) (8,823)
Proceeds received from note offering 0 0 550,000
Redemption of senior notes and senior subordinated notes 0 0 (668,688)
Distributions to non-controlling interest (1,056) (814) (601)
Cash flows used in financing activities (481,635) (209,319) (294,519)
Effect of exchange rate changes in cash and cash equivalents 127 (391) 81
Net decrease in cash and cash equivalents (8,014) (47,169) (21,781)
Cash and cash equivalents at beginning of period 52,619 99,788 121,569
Cash and cash equivalents at end of period 44,605 52,619 99,788
Supplemental disclosures of cash flow information:      
Cash paid for interest 168,011 120,000 112,080
Cash paid for state and federal income taxes 11,432 16,325 8,388
LAMAR MEDIA CORP. AND SUBSIDIARIES      
Cash flows from operating activities:      
Net income 497,333 439,149 388,908
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 293,423 349,449 271,294
Non-cash compensation 22,649 23,136 37,368
Amortization included in interest expense 6,538 6,158 5,877
Gain on disposition of assets (5,474) (15,721) (2,115)
Loss on extinguishment of debt 115 0 21,604
Equity in earnings of investee (3,696) (4,315) (3,384)
Deferred income tax expense 2,384 3,212 1,574
Provision for doubtful accounts 12,737 9,013 4,527
(Increase) decrease in:      
Receivables (28,744) (22,511) (24,684)
Prepaid expenses 1,087 (906) (5,493)
Other assets (3,363) 2,711 5,030
(Decrease) increase in:      
Trade accounts payable (307) 1,176 1,308
Accrued expenses (1,708) (10,773) 9,553
Operating lease liabilities 2,490 7,198 3,819
Other liabilities (39,154) (47,110) 360
Cash flows provided by operating activities 756,310 739,866 715,546
Cash flows from investing activities:      
Capital expenditures (178,271) (167,078) (126,090)
Acquisitions (138,961) (479,766) (312,257)
Payment for investments in equity securities 0 0 (30,000)
Decrease in notes receivable 62 12,124 107
Proceeds from disposition of assets and investments 7,051 15,649 6,480
Cash flows used in investing activities (310,119) (619,071) (461,760)
Cash flows from financing activities:      
Proceeds received from revolving credit facility 403,000 445,000 200,000
Payments on revolving credit facility (378,000) (575,000) (25,000)
Principal payments on long-term debt (381) (365) (378)
Principal payments on financing leases (1,331) (1,331) (1,331)
Proceeds received from senior credit facility term loans 0 350,000 0
Proceeds received from accounts receivable securitization program 114,900 265,000 180,000
Payments on accounts receivable securitization program (114,900) (190,000) (127,500)
Debt issuance costs (2,951) (1,583) (8,823)
Proceeds received from note offering 0 0 550,000
Redemption of senior notes and senior subordinated notes 0 0 (668,688)
Distributions to non-controlling interest (1,056) (814) (601)
Dividends (to) from parent (516,240) (518,753) (410,875)
Contributions from parent 42,627 60,273 37,548
Cash flows used in financing activities (454,332) (167,573) (275,648)
Effect of exchange rate changes in cash and cash equivalents 127 (391) 81
Net decrease in cash and cash equivalents (8,014) (47,169) (21,781)
Cash and cash equivalents at beginning of period 52,119 99,288 121,069
Cash and cash equivalents at end of period 44,105 52,119 99,288
Supplemental disclosures of cash flow information:      
Cash paid for interest 168,011 120,000 112,080
Cash paid for state and federal income taxes $ 11,432 $ 16,325 $ 8,388