v3.20.4
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Revenue $ 1,861,178 $ 11,547,969 $ 10,787,800
Operating expenses:      
Direct operating expenses 1,402,400 8,467,182 7,967,932
Selling, general and administrative expenses 1,524,342 2,145,486 1,997,028
Depreciation and amortization 485,025 443,991 386,529
Loss (gain) on disposal of operating assets 503 (2,373) 10,369
Corporate expenses 102,100 168,839 153,406
Operating income (loss) (1,653,192) 324,844 272,536
Interest expense 226,832 157,521 140,976
Interest income (11,737) (14,406) (8,961)
Equity in losses (earnings) of nonconsolidated affiliates 5,458 (5,457) (2,747)
Other expense (income), net (17,080) 2,082 12,163
Income (loss) before income taxes (1,856,665) 185,104 131,105
Income tax expense (benefit) (28,875) 66,892 40,765
Net income (1,827,790) 118,212 90,340
Net income (loss) attributable to noncontrolling interests (103,255) 48,323 30,091
Net income (loss) attributable to common stockholders of Live Nation $ (1,724,535) $ 69,889 $ 60,249
Basic and diluted net loss per common share available to common stockholders of Live Nation $ (8.12) $ (0.02) $ (0.09)
Weighted average common shares outstanding:      
Basic and diluted (in shares) 212,270,944 210,082,696 207,441,468
Reconciliation to net loss available to common stockholders of Live Nation:      
Net income (loss) attributable to common stockholders of Live Nation $ (1,724,535) $ 69,889 $ 60,249
Accretion of redeemable noncontrolling interests 1,180 (74,771) (77,900)
Basic and diluted net loss available to common stockholders of Live Nation $ (1,723,355) $ (4,882) $ (17,651)

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