Lamar Advertising Company (LAMR)

Lamar Advertising Company Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	433.66	361.87	495.76	438.65	388.09	243.39
Depreciation & Amortization	477.64	462.97	293.42	349.45	271.29	251.3
Other Amortization	6.1	6.33	6.54	6.16	5.88	5.91
Gain (Loss) on Sale of Assets	-76.69	-6.06	-5.47	-15.72	-2.12	-9.03
Stock-Based Compensation	32.12	44.53	22.65	23.14	37.37	18.77
Income (Loss) on Equity Investments	-3.21	-5.09	-3.7	-4.32	-3.38	-
Change in Accounts Receivable	-0.69	-43	-28.74	-22.51	-24.68	1.29
Change in Accounts Payable	0.54	3.26	-0.31	1.18	1.31	0.84
Change in Other Net Operating Assets	-4.54	42.73	-12.85	-6.63	32.96	20.24
Other Operating Activities	-3.46	-2.69	3.57	3.21	23.18	24.44
Operating Cash Flow	872.2	873.61	783.61	781.61	734.42	569.87
Operating Cash Flow Growth	2.79%	11.48%	0.26%	6.43%	28.87%	-9.67%
Acquisition of Real Estate Assets	-143.8	-113.91	-166.23	-167.08	-126.09	-62.27
Sale of Real Estate Assets	124.17	5.71	7.05	15.65	6.48	10.97
Net Sale / Acq. of Real Estate Assets	-19.63	-108.21	-159.18	-151.43	-119.61	-51.3
Cash Acquisition	-148.2	-45.39	-138.96	-479.77	-312.26	-45.58
Investment in Marketable & Equity Securities	-	-	-	-	-30	-
Other Investing Activities	0.07	0.07	0.06	12.12	0.11	-
Investing Cash Flow	-184.92	-164.91	-310.12	-619.07	-461.76	-96.89
Long-Term Debt Issued	-	869.4	517.9	1,060	930	3,004
Long-Term Debt Repaid	-	-1,007	-494.61	-766.7	-822.9	-3,096
Net Debt Issued (Repaid)	106.7	-137.73	23.29	293.3	107.1	-91.81
Issuance of Common Stock	16.77	20.98	15.69	18.89	19.04	11.15
Repurchase of Common Stock	-157.92	-5.34	-5.99	-10.51	-6.07	-10.49
Common Dividends Paid	-642.68	-578.85	-510.25	-508.25	-404.81	-251.94
Preferred Dividends Paid	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37
Total Dividends Paid	-643.05	-579.21	-510.62	-508.61	-405.17	-252.31
Other Financing Activities	-17.13	-2.12	-4.01	-2.4	-9.42	-34.46
Foreign Exchange Rate Adjustments	-0.15	-0.42	0.13	-0.39	0.08	0.31
Net Cash Flow	-7.49	4.86	-8.01	-47.17	-21.78	95.38
Cash Interest Paid	153.5	165.83	168.01	120	112.08	130.86
Cash Income Tax Paid	23.29	8.51	11.43	16.33	8.39	4.03
Levered Free Cash Flow	618.29	645.27	454.69	443.49	478.58	382.56
Unlevered Free Cash Flow	712.3	746.25	557.22	517.03	539.19	462.67
Change in Working Capital	-4.69	2.99	-41.9	-27.97	9.58	22.37

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q