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10-Q Filing

Live Nation Entertainment, Inc. CIK: 1335258 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001335258-18-000064
Period End Date 20180331
Filing Date 20180503
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance lyv-20180331.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $32.76M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.94B USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $31.43M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.83B USD Point-in-time
Accounts receivable, less allowance of $31,429 and $32,755, respectively AccountsReceivableNetCurrent $783.81M USD Point-in-time
Accounts receivable, less allowance of $31,429 and $32,755, respectively AccountsReceivableNetCurrent $725.30M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $546.71M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $867.94M USD Point-in-time
Restricted cash RestrictedCashCurrent $6.38M USD Point-in-time
Restricted cash RestrictedCashCurrent $3.50M USD Point-in-time
Other current assets OtherAssetsCurrent $44.16M USD Point-in-time
Other current assets OtherAssetsCurrent $51.90M USD Point-in-time
Total current assets AssetsCurrent $3.15B USD Point-in-time
Total current assets AssetsCurrent $4.64B USD Point-in-time
Land, buildings and improvements LandBuildingsAndImprovements $960.38M USD Point-in-time
Land, buildings and improvements LandBuildingsAndImprovements $955.94M USD Point-in-time
Computer equipment and capitalized software ComputerEquipmentAndCapitalizedSoftware $672.83M USD Point-in-time
Computer equipment and capitalized software ComputerEquipmentAndCapitalizedSoftware $610.92M USD Point-in-time
Furniture and other equipment FurnitureAndFixturesGross $312.96M USD Point-in-time
Furniture and other equipment FurnitureAndFixturesGross $314.42M USD Point-in-time
Construction in progress ConstructionInProgressGross $133.91M USD Point-in-time
Construction in progress ConstructionInProgressGross $105.25M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $2.05B USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $2.01B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.17B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.13B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $886.90M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $885.94M USD Point-in-time
Definite-lived intangible assets, net FiniteLivedIntangibleAssetsNet $759.33M USD Point-in-time
Definite-lived intangible assets, net FiniteLivedIntangibleAssetsNet $729.26M USD Point-in-time
Indefinite-lived intangible assets IndefiniteLivedIntangibleAssetsExcludingGoodwill $369.02M USD Point-in-time
Indefinite-lived intangible assets IndefiniteLivedIntangibleAssetsExcludingGoodwill $369.14M USD Point-in-time
Goodwill Goodwill $1.77B USD Point-in-time
Goodwill Goodwill $1.75B USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $612.71M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $684.82M USD Point-in-time
Total assets Assets $9.12B USD Point-in-time
Total assets Assets $7.50B USD Point-in-time
Accounts payable, client accounts AccountsPayableClientAccounts $948.64M USD Point-in-time
Accounts payable, client accounts AccountsPayableClientAccounts $1.12B USD Point-in-time
Accounts payable AccountsPayableCurrent $79.41M USD Point-in-time
Accounts payable AccountsPayableCurrent $85.67M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $1.02B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $1.11B USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.04B USD Point-in-time
Deferred revenue DeferredRevenueCurrent $925.22M USD Point-in-time
Current portion of long-term debt, net LongTermDebtAndCapitalLeaseObligationsCurrent $347.59M USD Point-in-time
Current portion of long-term debt, net LongTermDebtAndCapitalLeaseObligationsCurrent $119.41M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $58.83M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $160.64M USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.44B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.58B USD Point-in-time
Long-term debt, net LongTermDebtAndCapitalLeaseObligations $2.75B USD Point-in-time
Long-term debt, net LongTermDebtAndCapitalLeaseObligations $1.95B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $137.63M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $138.52M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $174.39M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $156.00M USD Point-in-time
Commitments and contingent liabilities CommitmentsAndContingencies - USD Point-in-time
Commitments and contingent liabilities CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $264.70M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $244.73M USD Point-in-time
Common stock CommonStockValue $2.07M USD Point-in-time
Common stock CommonStockValue $2.08M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.35B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.37B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.08B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.11B USD Point-in-time
Cost of shares held in treasury TreasuryStockValue $6.87M USD Point-in-time
Cost of shares held in treasury TreasuryStockValue $6.87M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-92.28M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-108.54M USD Point-in-time
Total Live Nation stockholders equity StockholdersEquity $1.18B USD Point-in-time
Total Live Nation stockholders equity StockholdersEquity $1.14B USD Point-in-time
Noncontrolling interests MinorityInterest $236.95M USD Point-in-time
Noncontrolling interests MinorityInterest $234.55M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.42B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.37B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $9.12B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $7.50B USD Point-in-time
Income Statement 45 line items
Line Item Tag Value Unit Period
Revenue Revenues $1.48B USD 1 Quarter
Revenue Revenues $1.24B USD 1 Quarter
Direct operating expenses DirectOperatingCosts $775.26M USD 1 Quarter
Direct operating expenses DirectOperatingCosts $932.08M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $434.61M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $383.31M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $80.53M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $87.87M USD 1 Quarter
Loss (gain) on disposal of operating assets GainLossOnDispositionOfAssets $659.00K USD 1 Quarter
Loss (gain) on disposal of operating assets GainLossOnDispositionOfAssets $-38.00K USD 1 Quarter
Corporate expenses OtherGeneralExpense $25.80M USD 1 Quarter
Corporate expenses OtherGeneralExpense $33.81M USD 1 Quarter
Operating loss OperatingIncomeLoss $-6.03M USD 1 Quarter
Operating loss OperatingIncomeLoss $-21.37M USD 1 Quarter
Interest expense InterestExpense $29.74M USD 1 Quarter
Interest expense InterestExpense $26.01M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-2.90M USD Point-in-time
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-2.94M USD 1 Quarter
Interest income InvestmentIncomeInterest $945.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $1.18M USD 1 Quarter
Equity in earnings of nonconsolidated affiliates IncomeLossFromEquityMethodInvestments $3.71M USD 1 Quarter
Equity in earnings of nonconsolidated affiliates IncomeLossFromEquityMethodInvestments $2.34M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $2.84M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-328.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-41.25M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-34.14M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $6.52M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $6.88M USD 1 Quarter
Net loss ProfitLoss $-41.03M USD 1 Quarter
Net loss ProfitLoss $-47.77M USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-7.12M USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-14.78M USD 1 Quarter
Net loss attributable to common stockholders of Live Nation NetIncomeLoss $-32.99M USD 1 Quarter
Net loss attributable to common stockholders of Live Nation NetIncomeLoss $-33.91M USD 1 Quarter
Basic and diluted net loss per common share available to common stockholders of Live Nation EarningsPerShareBasicAndDiluted $-0.24 USD 1 Quarter
Basic and diluted net loss per common share available to common stockholders of Live Nation EarningsPerShareBasicAndDiluted $-0.22 USD 1 Quarter
Basic and diluted (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 206.73M shares 1 Quarter
Basic and diluted (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 203.73M shares 1 Quarter
Net loss attributable to common stockholders of Live Nation NetIncomeLoss $-32.99M USD 1 Quarter
Net loss attributable to common stockholders of Live Nation NetIncomeLoss $-33.91M USD 1 Quarter
Accretion of redeemable noncontrolling interests TemporaryEquityAccretionToRedemptionValueAdjustment $16.39M USD 1 Quarter
Accretion of redeemable noncontrolling interests TemporaryEquityAccretionToRedemptionValueAdjustment $12.58M USD 1 Quarter
Net loss available to common stockholders of Live Nationbasic and diluted NetIncomeLossAvailableToCommonStockholdersDiluted $-50.29M USD 1 Quarter
Net loss available to common stockholders of Live Nationbasic and diluted NetIncomeLossAvailableToCommonStockholdersDiluted $-45.57M USD 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-41.03M USD 1 Quarter
Net loss ProfitLoss $-47.77M USD 1 Quarter
Depreciation Depreciation $42.14M USD 1 Quarter
Depreciation Depreciation $35.91M USD 1 Quarter
Amortization AdjustmentForAmortization $44.62M USD 1 Quarter
Amortization AdjustmentForAmortization $45.73M USD 1 Quarter
Amortization of non-recoupable ticketing contract advances AmortizationOfNonrecoupableTicketingContractAdvances $19.95M USD 1 Quarter
Amortization of non-recoupable ticketing contract advances AmortizationOfNonrecoupableTicketingContractAdvances $20.06M USD 1 Quarter
Non-cash compensation expense ShareBasedCompensation $7.94M USD 1 Quarter
Non-cash compensation expense ShareBasedCompensation $10.87M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-6.17M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-2.41M USD 1 Quarter
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $53.08M USD 1 Quarter
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $6.56M USD 1 Quarter
Increase in prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $405.04M USD 1 Quarter
Increase in prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $311.45M USD 1 Quarter
Increase in accounts payable, accrued expenses and other liabilities IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities $52.32M USD 1 Quarter
Increase in accounts payable, accrued expenses and other liabilities IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities $56.60M USD 1 Quarter
Increase in deferred revenue IncreaseDecreaseInDeferredRevenue $1.10B USD 1 Quarter
Increase in deferred revenue IncreaseDecreaseInDeferredRevenue $959.97M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $775.50M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $761.74M USD 1 Quarter
Investments made in nonconsolidated affiliates PaymentsToAcquireEquityMethodInvestments $3.00M USD 1 Quarter
Investments made in nonconsolidated affiliates PaymentsToAcquireEquityMethodInvestments $10.61M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $58.88M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $45.12M USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $4.70M USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $20.22M USD 1 Quarter
Purchases of intangible assets PaymentsToAcquireIntangibleAssets $25.91M USD 1 Quarter
Purchases of intangible assets PaymentsToAcquireIntangibleAssets $605.00K USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $233.00K USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-5.53M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-75.03M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-88.73M USD 1 Quarter
Proceeds from long-term debt, net of debt issuance costs ProceedsFromDebtNetOfIssuanceCosts $856.66M USD 1 Quarter
Proceeds from long-term debt, net of debt issuance costs ProceedsFromDebtNetOfIssuanceCosts $932.00K USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $11.78M USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $321.85M USD 1 Quarter
Distributions to noncontrolling interests PaymentsOfDividendsMinorityInterest $12.23M USD 1 Quarter
Distributions to noncontrolling interests PaymentsOfDividendsMinorityInterest $19.52M USD 1 Quarter
Purchases and sales of noncontrolling interests, net PurchasesAndSalesOfNoncontrollingInterest $104.23M USD 1 Quarter
Purchases and sales of noncontrolling interests, net PurchasesAndSalesOfNoncontrollingInterest $5.10M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $7.92M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $21.63M USD 1 Quarter
Payments for deferred and contingent consideration PaymentsOfMergerRelatedCostsFinancingActivities $11.78M USD 1 Quarter
Payments for deferred and contingent consideration PaymentsOfMergerRelatedCostsFinancingActivities $1.07M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-3.05M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $2.55M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-5.07M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $404.15M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $20.36M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.04M USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $1.12B USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $702.00M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.95B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.23B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.83B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.53B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.95B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.23B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.83B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.53B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-41.03M USD 1 Quarter
Net loss ProfitLoss $-47.77M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $11.40M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $16.26M USD 1 Quarter
Other OtherComprehensiveIncomeOtherNetOfTax - USD 1 Quarter
Other OtherComprehensiveIncomeOtherNetOfTax $80.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-36.29M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-24.77M USD 1 Quarter
Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-7.12M USD 1 Quarter
Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-14.78M USD 1 Quarter
Comprehensive loss attributable to common stockholders of Live Nation ComprehensiveIncomeNetOfTax $-21.52M USD 1 Quarter
Comprehensive loss attributable to common stockholders of Live Nation ComprehensiveIncomeNetOfTax $-17.64M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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