Lamar Advertising (LAMR) FY2022 results: revenue $2.0 billion, up 13.7% on the year
Lamar Advertising Co. (LAMR) reported revenue of $2.0 billion for fiscal 2022, the year ended 31 December 2022, up 13.7% on the year before. Net income was $439 million, up 13.0%, and diluted earnings per share $4.31. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$2.0 billion
+13.7% on the year
FY2016FY2022
Operating margin
28.4%
29.2% a year earlier
FY2016FY2022
Net income
$439 million
+13.0% on the year
FY2016FY2022
Diluted EPS
$4.31
+12.5% on the year
FY2016FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
782
734
570
+6.4%
Capital expenditure
167
126
62.3
+32.5%
Free cash flow
615
608
508
+1.0%
Free cash flow margin
30.2%
34.0%
32.4%
Cash from investing
-619
-462
-96.9
Cash from financing
-209
-295
-378
Depreciation and amortisation
349
271
251
+28.8%
Share-based compensation
23.1
37.4
18.8
-38.1%
Buybacks
10.5
6.1
10.5
+73.2%
Dividends paid
509
405
252
+25.5%
Dividend per share
$5.00
$4.00
$2.50
+25.0%
Diluted shares, weighted
102m
101m
101m
+0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,195
1,217
1,203
-1.8%
Non-controlling interest
0.0
n/a
n/a
Debt
3,313
3,014
2,887
+9.9%
Operating lease liabilities
1,036
995
994
+4.0%
Finance lease liabilities
15.9
17.3
18.6
-7.7%
Other liabilities
915
804
690
+13.8%
Total liabilities and equity
6,475
6,047
5,791
+7.1%
Fixed assets
1,500
1,337
1,282
+12.1%
Goodwill
2,035
1,936
1,912
+5.1%
Intangible assets
1,207
1,045
914
+15.4%
Cash and equivalents
52.6
99.8
122
-47.3%
Receivables
285
270
241
+5.6%
Other assets
1,396
1,359
1,320
+2.7%
Total assets
6,475
6,047
5,791
+7.1%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.