Lamar Advertising Company (LAMR)

Lamar Advertising Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,138	2,111	2,032	1,787	1,569	1,754
Revenue Growth (YoY)	4.18%	3.88%	13.69%	13.93%	-10.54%	7.77%
Cost of Revenue	704.01	696.8	667.29	576.51	557.66	590.08
Gross Profit	1,434	1,414	1,365	1,211	1,011	1,164
Selling, General & Admin	462.01	450.81	453.12	420.53	358.82	403.04
Other Operating Expenses	290.55	287.95	333.73	269.18	242.27	242.79
Operating Expenses	752.56	738.75	786.85	689.71	601.09	645.83
Operating Income	681.23	675.43	578	521.19	410.11	517.74
Interest Expense / Income	177.56	174.51	127.51	106.38	137.62	150.62
Other Expense / Income	-3.77	-4.62	-5.61	17.46	24.44	-0.76
Pretax Income	507.45	505.55	456.1	397.35	248.05	367.89
Income Tax	9.51	9.78	17.45	9.26	4.66	-4.22
Net Income	497.95	495.76	438.65	388.09	243.39	372.11
Preferred Dividends	0.37	0.37	0.37	0.37	0.37	0.37
Net Income Common	497.58	495.4	438.28	387.73	243.02	371.75
Net Income Growth	17.86%	13.03%	13.04%	59.54%	-34.63%	21.94%
Shares Outstanding (Basic)	102	102	102	101	101	100
Shares Outstanding (Diluted)	102	102	102	101	101	100
Shares Change	0.47%	0.46%	0.28%	0.44%	0.58%	1.25%
EPS (Basic)	4.88	4.86	4.32	3.83	2.41	3.71
EPS (Diluted)	4.87	4.85	4.31	3.83	2.41	3.71
EPS Growth	17.35%	12.53%	12.53%	58.92%	-35.04%	20.45%
Free Cash Flow	620	605.34	614.53	608.33	507.6	489.91
Free Cash Flow Per Share	6.07	5.94	6.05	6.01	5.04	4.89
Dividend Per Share	5.050	5.000	5.000	4.000	2.500	3.840
Dividend Growth	-1.94%	0%	25.00%	60.00%	-34.90%	5.21%
Gross Margin	67.07%	66.99%	67.16%	67.75%	64.45%	66.35%
Operating Margin	31.87%	32.00%	28.44%	29.16%	26.14%	29.52%
Profit Margin	23.28%	23.47%	21.57%	21.69%	15.49%	21.20%
Free Cash Flow Margin	29.00%	28.68%	30.24%	34.03%	32.35%	27.94%
Effective Tax Rate	1.87%	1.93%	3.83%	2.33%	1.88%	-1.15%
EBITDA	980.53	973.48	933.06	775.02	636.97	768.53
EBITDA Margin	45.87%	46.11%	45.92%	43.36%	40.60%	43.82%
Depreciation & Amortization	295.53	293.42	349.45	271.29	251.3	250.03
EBIT	685.01	680.06	583.61	503.73	385.67	518.51
EBIT Margin	32.04%	32.22%	28.72%	28.18%	24.58%	29.57%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).