Lamar Advertising Company (LAMR)

Lamar Advertising Company Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	587.15	361.87	495.76	438.65	388.09
Depreciation & Amortization	326.33	462.97	293.42	349.45	271.29
Other Amortization	6.28	6.33	6.54	6.16	5.88
Gain (Loss) on Sale of Assets	-75.94	-6.06	-5.47	-15.72	-2.12
Stock-Based Compensation	33.96	44.53	22.65	23.14	37.37
Income (Loss) on Equity Investments	-0.21	-5.09	-3.7	-4.32	-3.38
Change in Accounts Receivable	-15.51	-43	-28.74	-22.51	-24.68
Change in Accounts Payable	-0.77	3.26	-0.31	1.18	1.31
Change in Other Net Operating Assets	-6.97	42.73	-12.85	-6.63	32.96
Other Operating Activities	0.31	-2.69	3.57	3.21	23.18
Operating Cash Flow	864.05	873.61	783.61	781.61	734.42
Operating Cash Flow Growth	-1.09%	11.48%	0.26%	6.43%	28.87%
Acquisition of Real Estate Assets	-161.91	-113.91	-166.23	-167.08	-126.09
Sale of Real Estate Assets	127.18	5.71	7.05	15.65	6.48
Net Sale / Acq. of Real Estate Assets	-34.74	-108.21	-159.18	-151.43	-119.61
Cash Acquisition	-191.08	-45.39	-138.96	-479.77	-312.26
Investment in Marketable & Equity Securities	-	-	-	-	-30
Other Investing Activities	0.07	0.07	0.06	12.12	0.11
Investing Cash Flow	-244.63	-164.91	-310.12	-619.07	-461.76
Short-Term Debt Issued	174.4	86.4	114.9	-	-
Long-Term Debt Issued	1,540	783	403	1,060	930
Total Debt Issued	1,715	869.4	517.9	1,060	930
Short-Term Debt Repaid	-174.4	-86.4	-114.9	-	-
Long-Term Debt Repaid	-1,328	-920.73	-379.71	-766.7	-822.9
Total Debt Repaid	-1,502	-1,007	-494.61	-766.7	-822.9
Net Debt Issued (Repaid)	212.5	-137.73	23.29	293.3	107.1
Issuance of Common Stock	17.69	20.98	15.69	18.89	19.04
Repurchase of Common Stock	-157.92	-5.34	-5.99	-10.51	-6.07
Common Dividends Paid	-655.86	-578.85	-510.25	-508.25	-404.81
Preferred Dividends Paid	-0.37	-0.37	-0.37	-0.37	-0.37
Total Dividends Paid	-656.22	-579.21	-510.62	-508.61	-405.17
Other Financing Activities	-20.36	-2.12	-4.01	-2.4	-9.42
Foreign Exchange Rate Adjustments	0.25	-0.42	0.13	-0.39	0.08
Net Cash Flow	15.35	4.86	-8.01	-47.17	-21.78
Cash Interest Paid	148.33	165.83	168.01	120	112.08
Cash Income Tax Paid	29.1	8.51	11.43	16.33	8.39
Levered Free Cash Flow	537.7	645.27	454.69	443.49	478.58
Unlevered Free Cash Flow	631.69	746.25	557.22	517.03	539.19
Change in Working Capital	-23.25	2.99	-41.9	-27.97	9.58

Updated Feb 20, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q