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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenue $ 3,773,684 $ 3,835,246 $ 8,658,521 $ 8,185,945
Operating expenses:        
Direct operating expenses 2,800,429 2,924,356 6,279,447 5,991,547
Selling, general and administrative expenses 542,547 524,654 1,520,910 1,435,703
Depreciation and amortization 126,306 99,606 329,044 277,262
Loss (gain) on disposal of operating assets (305) 10,318 (553) 10,464
Corporate expenses 44,666 42,093 121,909 108,055
Operating income 260,041 234,219 407,764 362,914
Interest expense 36,587 35,993 109,894 104,196
Interest income (5,863) (2,260) (12,229) (6,148)
Equity in loss (earnings) of nonconsolidated affiliates 2,681 (4) (6,291) (3,406)
Other expense, net 5,384 262 1,551 7,033
Income before income taxes 221,252 200,228 314,839 261,239
Income tax expense 27,280 17,031 59,988 35,714
Net income 193,972 183,197 254,851 225,525
Net income attributable to noncontrolling interests 15,047 10,514 25,015 17,389
Net income attributable to common stockholders of Live Nation $ 178,925 $ 172,683 $ 229,836 $ 208,136
Basic net income per common share available to common stockholders of Live Nation $ 0.74 $ 0.73 $ 0.86 $ 0.74
Diluted net income per common share available to common stockholders of Live Nation $ 0.71 $ 0.70 $ 0.83 $ 0.71
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Weighted average common shares—basic 210,621,971 207,614,413 209,849,058 207,228,034
Weighted average common shares—diluted 218,957,376 216,788,983 218,485,494 215,406,201
Reconciliation of net income available to common stockholders [Abstract]        
Net income attributable to common stockholders of Live Nation $ 178,925 $ 172,683 $ 229,836 $ 208,136
Accretion of redeemable noncontrolling interests (23,580) (20,789) (49,407) (54,347)
Net income available to common stockholders of Live Nation—basic 155,345 151,894 180,429 153,789
Convertible debt interest, net of tax 0 319 265 0
Net income available to common stockholders of Live Nation—diluted $ 155,345 $ 152,213 $ 180,694 $ 153,789

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