v3.25.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 7,056,975 $ 6,095,424
Accounts receivable 2,464,829 1,747,316
Prepaid expenses 1,911,706 1,247,184
Restricted cash 12,625 10,685
Other current assets 377,016 189,528
Total current assets 11,823,151 9,290,137
Property, plant and equipment, net 2,949,293 2,441,872
Operating lease assets 1,738,218 1,618,033
Intangible assets    
Definite-lived intangible assets, net 1,091,697 985,812
Indefinite-lived intangible assets, net 369,073 380,558
Goodwill 2,820,918 2,620,911
Long-term advances 626,920 520,482
Other long-term assets 1,731,063 1,780,966
Total assets 23,150,333 19,638,771
Current liabilities    
Accounts payable, client accounts 2,116,846 1,859,678
Accounts payable 404,877 242,978
Accrued expenses 3,285,866 3,057,334
Deferred revenue 5,910,068 3,721,092
Current portion of long-term debt, net 1,485,353 [1] 260,901
Current portion of operating lease liabilities 158,577 153,406
Other current liabilities 96,985 62,890
Total current liabilities 13,458,572 9,358,279
Long-term debt, net 4,990,995 6,177,168
Long-term operating lease liabilities 1,784,719 1,680,266
Other long-term liabilities 610,465 477,763
Commitments and contingent liabilities (see Note 6)
Redeemable noncontrolling interests 1,377,665 1,126,302
Stockholders' equity    
Common stock 2,324 2,313
Additional paid-in capital 1,788,393 2,059,746
Accumulated deficit (1,271,336) (1,546,819)
Cost of shares held in treasury (6,865) (6,865)
Accumulated other comprehensive loss (152,446) (335,112)
Total Live Nation stockholders' equity 360,070 173,263
Noncontrolling interests 567,847 645,730
Total equity 927,917 818,993
Total liabilities and equity $ 23,150,333 $ 19,638,771
[1] As of June 30, 2025, the current portion includes the full principal amount of the 3.125% convertible senior notes due 2029 (the “2029 Notes”) as, in accordance with the 2029 Notes indenture, the closing price of our common stock achieved specified targets during the three months ended June 30, 2025, which gives the holders of the 2029 Notes the option to surrender all or any portion of the 2029 Notes. The Company can elect to settle any surrendered 2029 Notes with common stock and/or cash. The surrender window is currently from July 1, 2025 through September 30, 2025 and may be extended at each quarter end thereafter depending on our future stock price.

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