Income StatementBalance SheetCash FlowSegments
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Lamar Advertising Cash Flow Statement

Operating, investing, and financing cash movements

Lamar Advertising generated $883.7M in operating cash flow over the trailing twelve months. After $184.1M in capital expenditures, free cash flow was $699.6M. Free cash flow decreased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$883.7MNet Cash From Investing (TTM)-$389.5MNet Cash From Financing (TTM)-$491.2MCapital Expenditures (TTM)$184.1MDepreciation And Amortization Cf (TTM)$330.5MNet Change In Cash (TTM)$3.2M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$15.4B
P/E Ratio28.08
ROE54.61%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$14.3M$22.1M$64.9M$46.8M$57.2M$58.6M
Capital expenditures$43.0M$29.9M$38.2M$49.9M$62.9M$33.1M
Proceeds from disposals of property, plant and equipment$464.0K$117.5M$3.9M$2.3M$3.5M$12.3M
Net cash from investing activities-$56.9M$65.4M-$99.2M-$94.3M-$116.6M-$79.4M
Proceeds from sale of property, plant and equipment$464.0K$117.5M$3.9M$2.3M$3.5M$12.3M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from lines of credit$135.0M$202.0M$240.0M——$80.0M
Proceeds from lines of credit$135.0M$202.0M$240.0M——$80.0M
Proceeds from Lines of Credit$135.0M$202.0M$240.0M——$80.0M
Repayments of Lines of Credit$171.0M$200.0M$92.0M$434.0M$0.0$0.0
Proceeds from issuance of debt$0.0$0.0$442.0M——$494.0K
Repayments of debt$102.0K$103.0K$105.0K$105.0K$599.7M$133.0K
Dividends paid$169.3M$159.2M$157.2M$157.4M$182.5M$162.7M
Finance Lease, Principal Payments$333.0K$333.0K$333.0K$332.0K$333.0K$333.0K
Payments of Ordinary Dividends$169.3M$159.2M$157.2M$157.4M$182.5M$162.7M
Proceeds from trade receivable securitization facility, net$200.0K$0.0$29.4M$0.0$145.0M$67.1M
Proceeds from issuances of debt$0.0$0.0———$494.0K
Repayments Of Accounts Receivable Securitization$0.0$26.5M$2.9M$70.0M$75.0M$75.0M
Repayments of Senior Debt$87.5M$150.0M$150.0M$150.0M$150.0M—
Finance lease prepayments$333.0K$333.0K$333.0K$332.0K$333.0K$333.0K
Proceeds from Borrowings on Revolving Credit Facility$135.0M$202.0M$240.0M——$80.0M
Repayments of Lines of Credit$171.0M$200.0M$92.0M$434.0M$0.0$0.0
Net cash from financing activities-$202.2M-$206.5M-$110.9M-$175.0M-$111.9M-$93.4M
Payments for finance leases$333.0K$333.0K$333.0K$332.0K$333.0K$333.0K
Net Proceeds from (Repayments of) Other Long-Term Debt$100.0K$105.0K$105.0K$105.0K$105.0K—
Borrowings Under Acquisition Credit Facilities$135.0M$202.0M$240.0M——$80.0M
Repayments of Acquisition Credit Facilities$171.0M$200.0M$92.0M$434.0M$0.0$0.0
Proceeds from issuance of common stock$3.8M$4.5M$4.1M$4.3M$4.7M$5.8M
Proceeds from Secured Lines of Credit$135.0M$202.0M$240.0M——$80.0M
Repurchases of common stock—$26.4M$131.6M——$6.1M
Repayments of lines of credit$171.0M$200.0M$92.0M$434.0M$0.0$0.0
Distributions to Affiliates$19.0K$553.0K$442.0K$3.0M$2.3M$2.6M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Share of Profits (Losses) of Related Party$3.0M$380.0K-$174.0K$0.0$0.0$0.0
Amortization of debt issuance costs$1.5M$1.5M$1.5M$1.5M$1.7M$1.7M
Change in accounts payable$521.0K$2.3M——-$790.0K$4.2M
Change in accrued liabilities$16.9M-$6.9M-$1.1M$3.9M$12.3M-$21.1M
Change in other assets$4.6M$13.0M——$7.8M$9.0M
Change in other liabilities—$6.1M$24.1M-$28.4M-$12.1M$7.9M
Change in prepaid expenses$1.0M$6.3M—-$4.9M$3.3M$1.9M
Change in receivables—-$25.5M$39.5M$0.0$2.9M-$15.5M
Benefit from Receivables$3.9M$1.2M$2.1M$3.6M$2.6M$2.2M
Deferred income taxes-$679.0K-$8.3M-$51.0K-$157.0K—$1.8M
Depreciation and amortization$235.4M$77.8M$78.1M$86.3M$84.1M$81.9M
Equity in income of investees$3.0M$380.0K-$174.0K$0.0$0.0$0.0
Gain (loss) on sale of assets$571.0K$69.8M$4.2M$2.2M$0.0$12.6M
Income (Loss) from Equity Method Investments$3.0M$380.0K-$174.0K$0.0$0.0$0.0
Income (Loss) from Equity Method Investments$3.0M$380.0K-$174.0K$0.0$0.0$0.0
Income (Loss) from Equity Method Investments$3.0M$380.0K-$174.0K$0.0$0.0$0.0
Net cash from operating activities$279.3M$127.7M$229.5M$235.7M$271.2M$147.4M
Net income$0.0$139.2M$155.0M$144.1M$154.7M$101.8M
Amortization expense related to capitalized debt issuance costs$1.5M$1.5M$1.5M$1.5M$1.7M$1.7M
Gain (Loss) on Disposition of Assets$571.0K$69.8M$4.2M$2.2M$0.0$12.6M
Equity in earnings (losses) of equity method investees$3.0M$380.0K-$174.0K$0.0$0.0$0.0
Accounts payable$521.0K$2.3M——-$790.0K$4.2M
Operating lease liabilities$30.6M-$31.8M——$32.9M-$36.3M
Increase (Decrease) in Other Operating Assets$4.6M$13.0M——$7.8M$9.0M
Increase (Decrease) in Prepaid Expense$1.0M$6.3M—-$4.9M$3.3M$1.9M
Accounts Receivable, Credit Loss Expense (Reversal)$3.9M$1.2M$2.1M$3.6M$2.6M$2.2M
Income (Loss) from Equity Method Investments$3.0M$380.0K-$174.0K$0.0$0.0$0.0
Provision for credit losses$3.9M$1.2M$2.1M$3.6M$2.6M$2.2M
Stock-based compensation$6.8M$10.6M$7.1M$7.6M$8.7M$11.2M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$236.3M$97.9M$191.3M$185.8M$208.3M$114.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$299.0K$7.0K$271.0K—$105.0K-$108.0K
Net increase (decrease) in cash$20.0M-$13.3M$19.6M-$33.7M$42.8M-$25.5M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$1.4M$7.0M$7.6M$7.2M$7.2M$2.9M
Interest paid$38.6M$36.9M$39.1M$38.9M$33.4M$33.5M