Live nation entertainment, inc. (LYV)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss

-210,922

-136,639

193,972

116,120

-55,241

-135,185

183,197

83,356

-41,028

-173,781

148,770

80,555

-47,770

-92,971

132,761

36,461

-55,954

-73,837

104,382

20,212

-66,526

-216,002

115,827

25,822

-30,097

-81,261

50,418

59,015

-64,187

-165,405

68,176

5,560

-70,228

-95,696

63,021

16,614

-54,342

-115,691

61,825

-31,219

-122,951

Reconciling items:
Depreciation

57,844

57,455

56,989

54,343

51,672

51,658

48,225

43,356

42,137

42,104

35,817

35,801

35,912

35,188

36,618

34,413

33,069

36,303

34,140

31,571

32,134

34,028

31,234

31,287

30,619

31,721

31,033

29,082

30,328

33,804

31,098

30,755

28,936

34,993

35,249

29,988

28,947

45,334

29,543

29,725

30,971

Amortization

64,236

57,492

69,317

49,483

47,240

57,609

51,381

46,429

45,734

79,172

53,411

45,364

44,620

-11,845

68,244

61,011

61,886

88,772

64,914

57,000

52,407

77,383

66,691

44,932

51,969

79,620

61,696

53,606

51,837

137,097

53,586

63,504

50,777

70,276

48,092

46,939

48,534

79,142

40,706

34,583

31,662

Amortization of non-recoupable ticketing contract advances

18,811

26,182

19,853

17,030

17,237

24,194

19,608

16,340

19,945

28,442

20,124

14,705

20,063

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

6,205

-11,388

-1,010

-1,698

-2,430

-5,766

-5,786

4,371

3,799

-9,399

-3,335

-8,729

-7,658

-1,925

-3,076

-3,229

226

-4,237

-3,341

-3,605

-4,924

-5,235

-4,103

-31,341

-17,932

-3,666

2,726

-6,149

Impairment of operational assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,373

Amortization of debt issuance costs and discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

4,771

2,624

2,608

2,591

2,911

2,673

2,657

2,644

2,663

3,274

5,364

4,737

4,778

4,988

5,251

5,170

5,281

4,534

3,478

3,403

3,352

3,294

3,237

3,176

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,439

1,043

783

Amortization of debt discount/premium, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,585

1,487

2,037

Provision for uncollectible accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,055

1,472

14,945

244

Non-cash compensation expense

11,732

11,861

11,998

11,721

13,205

11,267

11,369

12,076

10,870

18,834

7,820

8,165

7,936

7,486

8,093

8,221

8,923

7,767

8,032

8,065

9,497

7,498

8,963

12,550

10,018

5,191

9,105

7,814

6,305

9,468

9,676

8,940

8,979

9,489

8,364

7,485

24,707

6,863

12,734

10,376

22,422

Unrealized changes in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,863

80

-4,327

-4,581

206

-1,590

4,536

19

Loss (gain) on disposal of operating assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,696

3,787

-506

-4,597

9,060

30,199

3,597

259

60

-93

288

-112

-231

660

-1,295

2,446

-2,434

-9,488

4,874

Equity in losses (earnings) of nonconsolidated affiliates, net of distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,316

-3,312

35

1,895

-15,881

-2,363

2,629

2,582

1,122

3,117

1,801

3,881

2,193

2,777

1,778

994

2,044

629

2,802

-547

Other, net

11,376

-5,978

21,534

-8,752

-3,150

-2,765

12,219

472

-6,166

-8,319

15,513

-6,867

-2,410

3,461

2,095

2,776

-4,621

-566

11,597

-3,080

3,574

10,312

1,249

-3,421

3,173

1,726

-2,577

3,047

-691

-8,426

2,137

-1,880

107

-6,572

1,187

2,589

315

-

-

-

-

Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Decrease (increase) in accounts receivable

-227,913

-232,273

135,490

165,938

90,637

-410,443

316,856

175,936

53,080

-261,733

112,678

275,517

6,558

-199,215

173,673

154,792

16,878

-164,871

110,048

74,358

47,700

-179,349

67,177

48,548

77,980

-140,905

-76,000

119,415

63,146

-165,994

82,969

76,970

26,374

-84,585

16,159

99,819

48,414

-148,822

89,744

18,385

45,274

Increase in prepaid expenses and other assets

207,157

-86,782

-123,017

68,253

312,032

-66,013

-272,445

199,663

405,036

-40,720

-127,261

95,083

311,447

-45,184

-233,767

102,156

305,294

-92,137

-102,557

107,178

210,388

37,331

-101,589

133,542

162,276

-30,503

-179,815

50,004

180,243

-70,632

-145,617

123,163

181,927

-47,610

-163,865

59,888

78,273

-87,858

-128,018

389,218

-150,772

Increase in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,915

14,113

16,496

-3,184

32,368

29,579

32,474

-15,396

-24,572

33,069

29,215

27,283

889

19,012

36,744

14,603

-20,015

60,723

-13,625

Decrease in accounts payable, accrued expenses and other liabilities

-316,204

-181,592

129,792

50,795

-44,915

-160,973

372,367

59,747

52,318

-62,643

159,174

321,170

56,600

-101,250

108,137

107,794

79,094

-117,332

86,876

22,400

11,536

-61,733

-7,493

76,697

38,067

-146,595

107,509

108,436

21,773

-74,458

43,553

39,930

54,787

34,499

-97,585

91,977

-22,074

-85,814

68,556

78,950

-61,306

Increase in deferred revenue

996,798

251,073

-741,545

-260,608

839,371

345,499

-948,229

-150,203

1,097,472

10,604

-844,747

-99,055

959,971

280,638

-827,188

3,803

707,038

99,478

-666,942

57,152

563,260

150,203

-584,796

-23,015

531,338

82,571

-634,229

84,632

503,814

70,606

-512,467

133,320

433,301

3,627

-360,944

-4,345

297,557

8,736

-427,271

168,775

293,192

Net cash provided by operating activities

631,675

436,861

-260,401

-175,727

469,050

686,010

-264,250

-255,672

775,498

205,288

-386,475

42,972

761,737

479,223

-391,459

-6,423

517,398

322,778

-377,400

14,815

347,661

298,695

-346,835

-26,302

366,608

166,823

-115,809

109,887

270,460

278,059

-221,089

45,356

264,772

163,246

-160,206

4,897

127,768

144,812

-154,573

78,778

89,501

CASH FLOWS FROM INVESTING ACTIVITIES
Advances of notes receivable

10,688

25,925

10,179

9,894

4,037

-

-

-

-

-

-

-

-

-

-

-

-

5,461

8,691

13,472

664

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-167

-459

-

-153

619

19

Collections of notes receivable

10,218

3,074

4,805

4,259

1,078

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from nonconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,364

973

1,767

2,497

6,041

163

540

469

1,323

7,141

340

-156

5,055

128

836

Investments made in nonconsolidated affiliates

-

-

-

-

-

-

-

-

-

3,013

3,948

7,601

10,608

10,294

5,120

8,343

5,165

4,868

6,107

7,110

3,913

8,276

9,812

689

823

2,123

4,473

1,069

1,963

576

354

1,994

864

9,333

511

5,440

486

2,683

775

0

0

Purchases of property, plant and equipment

84,563

97,744

89,882

78,804

57,136

76,119

63,073

55,516

45,125

53,936

55,892

69,726

58,881

54,087

40,860

48,199

30,681

44,985

30,162

37,979

29,365

41,339

31,860

41,865

24,523

31,291

26,892

51,015

25,670

31,439

29,587

34,768

28,017

37,927

24,922

26,440

18,211

26,413

19,083

16,999

13,083

Proceeds from disposal of operating assets, net of cash divested

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-468

2,016

72,970

8,100

505

2,140

0

5,648

30

198

4,479

2,684

13,637

1,366

110

20,643

Cash paid for acquisitions, net of cash acquired

32,508

126,996

20,480

77,713

9,882

21,940

5,032

73,034

20,222

29,137

2,190

11,919

4,700

98,559

-9,253

78,940

43,378

2,409

18,127

53,365

15,879

161,716

24,009

12,884

11,634

67,119

2,652

23,427

339

-

-

-

-

13,966

5,595

12,615

7,289

69,201

5,412

10,000

-576,144

Purchases of intangible assets

-

-

-

-

-

2,455

5,555

1,706

25,914

6,082

2,817

1,473

605

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

17

9

3,084

1,467

10,002

2,473

15

-4

107

419

8

-5,838

7,201

Other, net

4,830

-1,794

-2,183

-14,913

14,893

-695

-1,187

2,347

-2,535

-3,707

-130

-801

233

-993

-7,014

-1,816

6,520

-6,129

96

1,432

762

-16,438

1,787

-920

554

-219

111

538

514

172

1,240

228

-525

1,422

1,408

-139

664

-909

543

115

-412

Net cash used in investing activities

-122,371

-287,643

-121,703

-196,784

-84,870

-118,053

-64,461

-225,669

-88,726

-92,087

-63,559

-96,913

-75,027

-166,303

-40,764

-133,666

-85,744

-63,861

-63,183

-113,358

-50,583

-225,163

-71,514

-57,947

-37,534

-115,062

-21,748

-2,106

-18,636

-35,987

-29,247

-106,387

-32,170

-64,622

-30,304

-32,899

-24,192

-84,811

-19,553

-20,419

577,770

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt, net of debt issuance costs

419,418

936,796

46

1

557

1,546

0

461

856,660

1,599

3,764

54,617

932

-

-

-

-

-

-

-

-

127

646

514,569

43

32,855

780,955

102

89,267

56,838

423,016

28,683

29,587

-73

160

0

-756

34,724

-505

1,171,334

147,303

Payments on long-term debt

6,032

406,776

8,558

8,360

13,573

9,300

18,446

50,800

321,850

26,247

10,401

62,432

11,775

578,036

10,155

8,876

9,764

40,659

5,740

8,488

8,682

8,759

229,888

8,579

6,547

32,320

747,889

9,714

96,674

67,573

413,265

7,378

36,844

8,639

7,618

9,514

5,567

41,308

9,205

989,186

193,321

Contributions from noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

81

96

0

0

267

695

0

0

130

711

0

0

0

415

1

5

8

Distributions to noncontrolling interests

15,114

34,294

9,809

13,489

49,884

17,836

10,208

11,620

19,523

23,159

4,354

6,296

12,227

29,852

3,068

6,749

15,462

16,811

4,464

5,512

3,858

8,549

5,928

13,841

4,195

5,002

10,446

715

1,221

10,877

1,013

4,963

3,226

6,614

-45,750

11,420

48,579

4,417

2,340

1,511

6,687

Purchases and sales of noncontrolling interests, net

14,030

21,262

27,542

0

1,463

6,663

21,878

26,860

104,233

60,779

2,624

3,008

5,098

-

-

-

-

261

0

1,189

8,302

863

0

3,426

102

50,801

75

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

6,354

12,117

11,001

21,628

14,623

4,933

64

679

-

-

-

-

7,655

2,405

3,818

7,919

4,517

7,144

51,117

22,332

217

67

451

408

-505

128

2,079

1,003

4,114

272

2,091

2,163

Proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

57,656

18,836

0

0

0

0

Equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

317

40

Payments for purchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,567

Payments for deferred and contingent consideration

-

-

-

-

-

2,545

1,584

2,875

11,780

1,734

0

13,075

1,074

-1,270

18,077

-11,946

15,678

2,320

325

2,125

2,000

0

181

3,590

1,951

61

0

0

750

0

0

0

10,585

10,000

0

3,500

10,307

5,161

0

4,175

6,934

Other, net

-1,820

-

-

15,451

-7,128

-

-

23

4,876

-2,642

0

95

2,547

4,196

-592

-452

-13,064

-10,204

7,773

-3,748

-1,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Financing Activities, Total

382,422

468,499

-41,700

-26,419

-71,491

-79,342

-46,605

-89,419

404,150

-101,420

-1,498

-19,098

-5,067

208,912

-40,606

-15,805

-53,289

-10,673

-1,086

-8,047

-24,315

-25,282

-232,946

488,951

-4,752

-50,716

29,689

40,790

13,221

-24,700

8,546

16,793

-20,530

-25,171

-9,139

35,301

-45,370

-18,303

-11,777

138,241

-59,075

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

-84,257

47,731

-52,381

-283

-6,700

-20,210

-15,199

-77,710

29,039

12,072

35,635

62,331

20,356

-33,698

436

-31,288

17,791

-6,502

-22,767

25,751

-48,134

-24,521

-32,091

7,842

5,636

-4,439

25,186

-9,726

-19,685

12

20,422

-22,135

15,087

-11,773

-21,738

9,475

36,222

-4,556

41,591

-21,869

-19,954

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total

807,469

665,448

-476,185

-399,213

305,989

468,405

-390,515

-648,470

1,119,961

23,853

-415,897

-10,708

701,999

488,134

-472,393

-187,182

396,156

241,742

-464,436

-80,839

224,629

23,729

-683,386

412,544

329,958

-3,394

-82,682

138,845

245,360

217,384

-221,368

-66,373

227,159

61,680

-221,387

16,774

94,428

37,142

-144,312

174,731

588,242

SUPPLEMENTAL DISCLOSURE