Lamar Advertising Company

(NASDAQ:LAMR)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	21,510	12,059	18,861	76,048
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	—	178,745	147,820	134,959
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	—	178,745	147,820	134,959
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	—	—	—	—
Prepaid Expenses	—	64,720	60,094	40,657
Current Deferred Income Taxes	—	8,422	8,227	19,857
Other Current Assets	—	20,153	28,167	29,004
Total Current Assets	—	284,099	263,169	300,525
Land and Improvements	—	—	—	242,383
Building and Improvements	—	—	—	108,314
Machinery Furniture and Equipment	—	—	—	110,902
Construction in Progress	—	—	—	—
Other Fixed Assets	—	2,851,951	2,756,288	2,224,517
Total Fixed Assets	—	2,851,951	2,756,288	2,686,116
Gross Fixed Assets	—	2,851,951	2,756,288	2,686,116
Accumulated Depreciation and Depletion	—	1,236,010	1,207,020	1,169,152
Net Fixed Assets	—	1,615,941	1,549,268	1,516,964
Intangibles	—	813,227	810,744	802,953
Cost in Excess	—	1,399,838	1,387,412	1,376,240
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	—	76,196	75,706	72,739
Total Non Current Assets	—	3,905,202	3,823,130	3,768,896
Total Assets	4,189,024	4,189,301	4,086,299	4,069,421
Liabilities
Current Liabilities
Accounts Payable	—	15,202	21,140	19,569
Notes Payable	—	—	—	—
Short Term Debt	—	35,927	32,017	31,742
Accrued Expenses	—	73,740	45,419	75,670
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	27,662	26,837	18,315
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	—	—	—	—
Total Current Liabilities	—	152,531	125,413	145,296
Non Current Liabilities
Long Term Debt	—	2,875,293	2,781,466	2,694,028
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	125,555	131,677	136,118
Other Non Current Liabilities	—	174,343	171,396	162,972
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	—	3,327,722	3,209,952	3,138,414
Total Liabilities	—	3,175,191	3,084,539	2,993,118
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	871,620	861,579	876,347	931,007
Common Par	—	108	108	108
Additional Paid in Capital	—	2,312,000	2,303,480	2,299,110
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	—	-574,895	-589,148	-587,523
Treasury Stock	—	-883,364	-842,978	-789,974
Other Equity Adjustments	—	7,730	4,885	9,286
Total Capitalization	871,620	3,736,872	3,657,813	3,625,035
Cash Flow	—	353,716	351,475	357,318
Working Capital	—	131,568	137,756	155,229
Free Cash Flow	—	-169,504	-95,983	-338,326
Invested Capital	871,620	3,736,872	3,657,813	3,625,035
Total Equity	871,620	861,579	876,347	931,007
Total Liabilities and Stock Equity	871,620	4,189,301	4,086,299	4,069,421

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	76,048	11,796	19,419	44,201
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	134,959	127,552	114,733	87,962
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	134,959	127,552	114,733	87,962
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	—	—	—	—
Prepaid Expenses	40,657	38,215	35,763	35,287
Current Deferred Income Taxes	19,857	34,224	7,128	6,899
Other Current Assets	29,004	18,983	10,232	8,231
Total Current Assets	300,525	230,770	187,275	182,580
Land and Improvements	242,383	178,942	115,449	90,951
Building and Improvements	108,314	90,627	72,718	69,993
Machinery Furniture and Equipment	110,902	108,172	91,847	82,133
Construction in Progress	—	—	—	—
Other Fixed Assets	2,224,517	2,055,236	1,911,429	1,834,302
Total Fixed Assets	2,686,116	2,432,977	2,191,443	2,077,379
Gross Fixed Assets	2,686,116	2,432,977	2,191,443	2,077,379
Accumulated Depreciation and Depletion	1,169,152	1,027,029	902,138	807,735
Net Fixed Assets	1,516,964	1,405,948	1,289,305	1,269,644
Intangibles	802,953	860,850	2,191,993	2,185,479
Cost in Excess	1,376,240	1,357,706	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	72,739	68,954	68,506	51,769
Total Non Current Assets	3,768,896	3,693,458	3,549,804	3,506,892
Total Assets	4,069,421	3,924,228	3,737,079	3,689,472
Liabilities
Current Liabilities
Accounts Payable	19,569	14,567	13,730	10,412
Notes Payable	—	—	—	—
Short Term Debt	31,742	8,648	2,788	72,510
Accrued Expenses	75,670	69,940	61,996	50,513
Accrued Liabilities	—	—	—	—
Deferred Revenues	18,315	17,824	14,945	14,669
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	—	—	—	—
Total Current Liabilities	145,296	110,979	93,459	148,104
Non Current Liabilities
Long Term Debt	2,694,028	1,981,820	1,573,538	1,587,424
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	136,118	140,019	107,696	76,240
Other Non Current Liabilities	162,972	152,877	144,904	141,357
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	3,138,414	2,385,695	1,919,597	1,953,125
Total Liabilities	2,993,118	2,274,716	1,826,138	1,805,021
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	931,007	1,538,533	1,817,482	1,736,347
Common Par	108	107	106	105
Additional Paid in Capital	2,299,110	2,250,716	2,196,691	2,131,449
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-587,523	-315,072	-353,793	-395,207
Treasury Stock	-789,974	-399,471	-25,522	—
Other Equity Adjustments	9,286	2,253	—	—
Total Capitalization	3,625,035	3,520,353	3,391,020	3,323,771
Cash Flow	357,318	350,012	333,961	312,176
Working Capital	155,229	119,791	93,816	34,476
Free Cash Flow	-338,326	-86,847	80,547	51,228
Invested Capital	3,625,035	3,520,353	3,391,020	3,323,771
Total Equity	931,007	1,538,533	1,817,482	1,736,347
Total Liabilities and Stock Equity	4,069,421	3,924,228	3,737,079	3,689,472