v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue $ 6,153,535 $ 2,698,722 $ 12,390,517 $ 3,565,277
Operating expenses:        
Direct operating expenses 4,707,848 1,969,912 9,045,893 2,346,998
Selling, general and administrative expenses 805,910 446,929 2,048,305 1,098,676
Depreciation and amortization 102,093 101,235 318,489 313,758
Loss (gain) on disposal of operating assets (35,285) (1,148) (32,555) (1,038)
Corporate expenses 66,720 44,649 158,377 100,195
Operating income (loss) 506,249 137,145 852,008 (293,312)
Interest expense 70,514 70,407 205,722 210,146
Interest income (25,809) (1,333) (46,565) (3,953)
Equity in losses (earnings) of nonconsolidated affiliates 14,283 (7,025) 8,040 (4,608)
Gain from sale of investments in nonconsolidated affiliates 0 30,633 448 83,580
Other expense, net 7,960 12,441 22,846 19,903
Income (loss) before income taxes 439,301 93,288 662,413 (431,220)
Income tax expense 41,898 6,421 85,589 15,095
Net income (loss) 397,403 86,867 576,824 (446,315)
Net income attributable to noncontrolling interests 36,001 39,989 77,804 9,665
Net income (loss) attributable to common stockholders of Live Nation $ 361,402 $ 46,878 $ 499,020 $ (455,980)
Basic net loss per common share available to common stockholders of Live Nation $ 1.47 $ 0.20 $ 1.79 $ (2.13)
Diluted net loss per common share available to common stockholders of Live Nation $ 1.39 $ 0.19 $ 1.73 $ (2.13)
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 225,761,777 216,888,355 224,123,130 215,716,239
Weighted Average Number of Shares Outstanding, Diluted 243,686,803 223,800,400 239,617,920 215,716,239
Reconciliation to net income (loss) available to common stockholders of Live Nation:        
Net income (loss) attributable to common stockholders of Live Nation $ 361,402 $ 46,878 $ 499,020 $ (455,980)
Accretion of redeemable noncontrolling interests (29,915) (4,245) (97,723) (4,210)
Net income (loss) available to common stockholders of Live Nation—basic 331,487 42,633 401,297 (460,190)
Interest on Convertible Debt, Net of Tax 6,365 0 12,124 0
Net income (loss) available to common stockholders of Live Nation—diluted $ 337,852 $ 42,633 $ 413,421 $ (460,190)

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