Live nation entertainment, inc. (LYV)
Income statement / 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
Revenue

1,365,693

2,889,448

3,773,684

3,157,009

1,727,828

2,601,855

3,835,246

2,868,315

1,482,384

2,320,450

3,440,308

2,683,585

1,242,879

1,268,946

3,170,416

2,179,258

1,207,716

1,736,725

2,622,917

1,765,777

1,120,312

1,571,855

2,502,008

1,665,785

1,127,316

1,613,100

2,262,236

1,679,513

923,698

1,437,227

1,963,146

1,550,677

867,997

1,185,682

1,790,025

1,558,882

849,409

1,237,846

1,835,806

1,266,735

723,361

Operating expenses:
Direct operating expenses

873,820

2,187,735

2,800,429

2,327,414

1,151,604

1,976,385

2,924,356

2,135,107

932,084

1,750,226

2,633,940

2,022,471

775,261

821,283

2,428,003

1,605,688

784,203

1,221,763

1,974,322

1,279,099

721,289

1,127,603

1,876,519

1,184,696

731,151

1,194,924

1,698,731

1,209,918

576,934

1,048,271

1,457,423

1,106,869

538,714

817,909

1,286,304

1,138,151

547,124

888,976

1,388,295

896,283

484,756

Selling, general and administrative expenses

514,021

624,576

542,547

513,497

464,866

561,325

524,654

476,438

434,611

614,166

475,864

434,385

383,308

421,998

414,412

374,826

337,214

402,520

365,220

329,570

314,545

359,310

349,676

325,925

302,405

326,646

325,005

295,719

279,522

310,708

283,846

280,943

268,135

289,743

282,462

266,795

272,969

285,302

244,694

252,899

231,596

Depreciation and amortization

122,080

114,947

126,306

103,826

98,912

109,267

99,606

89,785

87,871

121,276

89,228

81,165

80,532

23,343

104,862

95,424

94,955

125,075

99,054

88,571

84,541

111,411

97,925

76,219

82,588

111,341

92,729

82,688

82,165

170,901

84,684

94,259

79,713

105,269

83,341

76,927

77,481

124,476

70,249

64,308

62,633

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Loss (gain) on disposal of operating assets

-130

1,820

305

101

147

95

-10,318

-108

-38

462

-37

-115

659

-125

-253

279

-25

-257

-625

76

-39

-483

1,696

3,787

-506

-4,597

9,060

30,199

3,597

259

60

-93

288

-112

-231

660

-1,295

2,781

779

637

-4,571

Corporate expenses

28,312

46,930

44,666

40,787

36,456

45,351

42,093

32,152

33,810

37,261

39,892

32,016

25,803

39,412

31,600

29,440

24,609

27,031

30,186

26,368

24,360

30,367

26,647

25,717

21,174

25,476

26,442

21,812

20,655

31,890

30,842

27,415

23,217

39,146

27,385

24,590

21,036

23,586

27,660

21,882

37,124

Acquisition transaction expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-527

-

2,333

1,329

1,800

1,110

2,352

1,769

1,208

2,035

1,896

-1,870

1,309

187

5,493

706

1,665

4,363

2,581

6,394

9,017

Operating loss

-172,670

-82,920

260,041

171,586

-23,863

-90,378

234,219

134,725

-6,030

-202,017

201,347

113,433

-21,366

-37,215

191,286

74,159

-33,290

-40,448

153,510

42,245

-23,935

-186,818

150,604

55,686

-12,308

-50,994

126,037

97,806

-33,189

-126,319

104,515

42,968

-42,803

-66,684

104,809

52,373

-72,161

-86,076

103,106

25,606

-106,336

Interest expense

43,999

47,627

36,587

36,792

36,515

36,780

35,993

35,519

32,684

28,255

26,627

26,878

26,010

30,541

25,249

25,284

25,432

26,024

25,844

25,650

25,363

25,884

28,346

27,590

24,492

24,074

29,393

30,041

28,151

29,007

35,535

29,488

29,710

29,952

30,388

30,845

29,229

30,754

29,280

29,932

26,561

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

0

-1,049

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-36,269

-

-

0

460

-

-

0

0

0

0

-143

0

-21,172

0

Interest income

4,473

2,177

5,863

3,818

2,548

2,813

2,260

2,705

1,183

2,270

1,471

1,031

945

742

625

650

556

1,109

460

394

1,565

930

864

1,146

666

866

1,547

890

1,768

1,345

994

931

900

1,367

1,023

1,298

527

1,628

709

791

643

Equity in earnings of nonconsolidated affiliates

2,572

-834

-2,681

5,828

3,144

-659

4

-313

3,715

-899

-816

536

2,340

-618

-17,471

-305

592

929

-2,040

-367

2,980

-1,755

2,155

960

2,806

-1,992

-2,363

2,629

2,582

1,122

3,117

1,801

3,881

2,193

2,777

1,778

994

2,044

629

1,708

547

Other expense (income), net

-4,628

-531

-5,384

430

3,403

-5,130

-262

-6,443

-328

-5,273

-920

3,466

2,842

-9,418

-2,606

-7,353

8,547

-6,513

-8,127

8,500

-21,028

2,825

-12,587

330

1,176

-559

5,269

-3,868

-3,638

-4,266

6,575

-5,424

1,782

700

-6,461

-1,331

585

2,344

212

565

1,068

Loss before income taxes

-214,252

-129,735

221,252

144,870

-51,283

-130,134

200,228

95,155

-34,144

-233,125

174,455

90,539

-41,249

-91,099

146,585

41,867

-49,027

-70,947

117,959

25,122

-65,781

-210,890

112,690

30,532

-32,152

-76,753

64,828

67,416

-60,628

-157,125

80,126

10,788

-65,950

-92,376

71,760

23,273

-99,284

-110,957

75,376

-22,434

-130,639

Income tax expense (benefit)

-3,330

6,904

27,280

28,750

3,958

5,051

17,031

11,799

6,884

-59,344

25,685

9,984

6,521

1,872

13,824

5,406

6,927

2,890

13,577

4,910

745

5,112

-3,137

4,710

-2,055

4,508

14,410

8,401

3,559

8,280

11,950

5,228

4,278

3,320

8,739

6,659

-44,942

4,399

10,338

8,408

-7,991

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-115,356

65,038

-30,842

-122,648

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-335

-3,213

-377

-303

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

Net loss attributable to noncontrolling interests

-26,138

23,308

15,047

12,765

-2,797

12,702

10,514

13,997

-7,122

17,112

12,377

-923

-14,777

8,389

21,682

-1,280

-11,436

4,497

15,333

5,156

-8,247

-29,546

10,664

2,888

2,351

782

6,644

885

-948

-5,688

10,228

-2,132

-1,078

3,829

11,309

3,357

-5,882

8,706

10,818

1,568

-738

Net loss attributable to common stockholders of Live Nation

-184,784

-159,947

178,925

103,355

-52,444

-147,887

172,683

69,359

-33,906

-190,893

136,393

81,478

-32,993

-101,360

111,079

37,741

-44,518

-78,334

89,049

15,056

-58,279

-186,456

105,163

22,934

-32,448

-82,043

43,774

58,130

-63,239

-159,717

57,948

7,692

-69,150

-99,525

51,712

13,257

-48,460

-124,397

51,007

-32,787

-122,213

Loss from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.72

0.32

-0.19

-0.83

Loss from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.02

0.00

0.00

Basic and diluted net loss per common share available to common stockholders of Live Nation

-

-

-

-

-

-

-

-

-0.24

-

-

-

-0.22

-

-

-

-0.29

-

-

-

-0.31

-

-

0.11

-0.17

-

-

0.30

-0.33

-0.86

0.31

0.04

-0.37

-

-

-

-

-0.72

0.30

-0.19

-0.83

Basic and diluted net loss per common share available to common stockholders of Live Nation

-0.94

-

0.74

0.43

-0.31

-

0.73

0.25

-

-

0.56

0.31

-

-

0.51

0.13

-

-

0.39

0.06

-

-

0.52

-

-

-

0.22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net income per common share available to common stockholders of Live Nation

-

-

0.71

0.41

-

-

0.70

0.24

-

-

0.53

0.29

-

-

0.49

0.13

-

-

0.38

-

-

-

0.49

-

-

-

0.22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic and diluted

211,048

-

-

209,998

208,908

-

-

207,331

206,728

-

-

-

203,730

-

-

-

201,696

-

-

-

-

-

-

-

197,857

-

-

-

188,827

-

-

-

186,521

-

-

-

-

-

-

-

-

Weighted average common shares—basic

-

-

210,621

-

-

-

207,614

-

-

-

205,287

204,688

-

-

202,118

201,896

-

-

201,392

200,767

200,155

-

199,261

198,701

-

-

196,396

193,069

-

-

187,153

186,893

-

-

-

-

-

-

-

-

-

Weighted average common shares—diluted

-

-

218,957

219,977

-

-

216,788

215,105

-

-

223,132

213,879

-

-

217,690

208,601

-

-

208,738

208,778

-

-

221,581

205,989

-

-

202,109

196,770

-

-

189,754

189,325

-

-

-

-

-

-

-

-

-

Reconciliation of net income available to common stockholders [Abstract]
Net loss attributable to common stockholders of Live Nation

-184,784

-159,947

178,925

103,355

-52,444

-147,887

172,683

69,359

-33,906

-190,893

136,393

81,478

-32,993

-101,360

111,079

37,741

-44,518

-78,334

89,049

15,056

-58,279

-186,456

105,163

22,934

-32,448

-82,043

43,774

58,130

-63,239

-159,717

57,948

7,692

-69,150

-99,525

51,712

13,257

-48,460

-124,397

51,007

-32,787

-122,213

Accretion of redeemable noncontrolling interests

14,540

25,364

23,580

13,515

12,312

23,554

20,789

17,172

16,385

38,820

21,397

18,837

12,577

16,748

8,576

11,292

13,336

16,067

10,118

3,105

3,889

-

1,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss available to common stockholders of Live Nation—basic and diluted

-199,324

-185,311

155,345

89,840

-64,756

-171,441

151,894

52,187

-50,291

-

114,996

-

-

-118,108

102,503

26,449

-57,854

-94,401

78,931

11,951

-62,168

-

103,965

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible debt interest, net of tax

-

-

0

86

-

-

319

0

-

-

3,336

-

-

-

3,274

-

-

-

0

-

-

-

4,813

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income available to common stockholders of Live Nation—diluted

-

-

155,345

89,926

-

-

152,213

52,187

-

-

118,332

62,641

-45,570

-

105,777

-

-

-

78,931

-

-

-

108,778

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-