Lamar Advertising Company (LAMR)

Lamar Advertising Company Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	555.68	593.07	362.94	496.84	438.65	388.09
Depreciation & Amortization	330.45	326.33	462.97	293.42	349.45	271.29
Stock-Based Compensation	34.59	33.96	44.53	22.65	23.14	37.37
Other Adjustments	-4.27	-66.06	0.19	12.6	-1.65	28.08
Change in Receivables	-25.52	-15.51	-43	-28.74	-22.51	-24.68
Changes in Accounts Payable	1.17	-0.77	3.26	-0.31	1.18	1.31
Changes in Accrued Expenses	-6.04	8.11	18.9	-1.71	-10.77	9.55
Changes in Other Operating Activities	-9.34	-15.07	23.83	-11.14	4.14	23.41
Operating Cash Flow	883.69	864.05	873.61	783.61	781.61	734.42
Operating Cash Flow Growth	-0.80%	-1.09%	11.48%	0.26%	6.43%	28.87%
Capital Expenditures	-184.05	-180.8	-125.28	-178.27	-167.08	-126.09
Sale of Property, Plant & Equipment	22.05	127.18	5.71	7.05	15.65	6.48
Purchases of Investments	-	-	-	-	-	-30
Payments for Business Acquisitions	-227.52	-191.08	-45.39	-138.96	-479.77	-312.26
Other Investing Activities	-	0.07	0.07	0.06	12.12	0.11
Investing Cash Flow	-389.45	-244.63	-164.91	-310.12	-619.07	-461.76
Short-Term Debt Issued	561.5	616.4	869.4	517.9	710	380
Short-Term Debt Repaid	-748.9	-900.4	-655.4	-492.9	-765	-152.5
Net Short-Term Debt Issued (Repaid)	-187.4	-284	214	25	-55	227.5
Long-Term Debt Issued	-	1,098	-	-	350	550
Long-Term Debt Repaid	-0.45	-600.42	-350.4	-0.38	-0.37	-669.07
Net Long-Term Debt Issued (Repaid)	-0.45	497.83	-350.4	-0.38	349.64	-119.07
Issuance of Common Stock	19	17.69	20.98	15.69	18.89	19.04
Repurchase of Common Stock	-137.64	-157.92	-5.34	-5.99	-10.51	-6.07
Net Common Stock Issued (Repurchased)	-118.64	-140.24	15.64	9.7	8.39	12.98
Common Dividends Paid	-659.76	-656.22	-579.21	-510.62	-508.61	-405.17
Other Financing Activities	-23.22	-21.69	-3.45	-5.34	-3.73	-10.76
Financing Cash Flow	-491.22	-604.32	-703.43	-481.64	-209.32	-294.52
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.14	0.25	-0.42	0.13	-0.39	0.08
Net Cash Flow	3.16	15.35	4.86	-8.01	-47.17	-21.78
Free Cash Flow	699.64	683.25	748.33	605.34	614.53	608.33
Free Cash Flow Growth	2.40%	-8.70%	23.62%	-1.50%	1.02%	19.84%
FCF Margin	30.57%	30.15%	33.91%	28.68%	30.24%	34.03%
Free Cash Flow Per Share	6.90	6.72	7.30	5.93	6.05	6.00
Levered Free Cash Flow	493.66	938.41	608.78	622.01	909.83	675.63
Unlevered Free Cash Flow	847.14	884.98	909.16	764.39	732.8	688.52

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q