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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenue $ 3,157,009 $ 2,868,315 $ 4,884,837 $ 4,350,699
Operating expenses:        
Direct operating expenses 2,327,414 2,135,107 3,479,018 3,067,191
Selling, general and administrative expenses 513,497 476,438 978,363 911,049
Depreciation and amortization 103,826 89,785 202,738 177,656
Loss (gain) on disposal of operating assets (101) 108 (248) 146
Corporate expenses 40,787 32,152 77,243 65,962
Operating income 171,586 134,725 147,723 128,695
Interest expense 36,792 35,519 73,307 68,203
Interest income (3,818) (2,705) (6,366) (3,888)
Equity in loss (earnings) of nonconsolidated affiliates (5,828) 313 (8,972) (3,402)
Other expense (income), net (430) 6,443 (3,833) 6,771
Income before income taxes 144,870 95,155 93,587 61,011
Income tax expense 28,750 11,799 32,708 18,683
Net income 116,120 83,356 60,879 42,328
Net income attributable to noncontrolling interests 12,765 13,997 9,968 6,875
Net income attributable to common stockholders of Live Nation $ 103,355 $ 69,359 $ 50,911 $ 35,453
Basic net income per common share available to common stockhodlers of Live Nation $ 0.43 $ 0.25 $ 0.12 $ 0.01
Diluted net income per common share available to common stockholders of Live Nation $ 0.41 $ 0.24 $ 0.11 $ 0.01
Weighted average common shares outstanding:        
Weighted average common shares—basic 209,998,048 207,331,781 209,456,196 207,031,642
Weighted average common shares—diluted 219,977,612 215,105,119 219,107,351 215,075,203
Reconciliation to net loss available to common stockholders of Live Nation:        
Net income attributable to common stockholders of Live Nation $ 103,355 $ 69,359 $ 50,911 $ 35,453
Accretion of redeemable noncontrolling interests (13,515) (17,172) (25,827) (33,557)
Net income available to common stockholders of Live Nation—basic 89,840 52,187 25,084 1,896
Convertible debt interest, net of tax 86 0 0 0
Net income available to common stockholders of Live Nation—diluted $ 89,926 $ 52,187 $ 25,084 $ 1,896

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