Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 1,303,125 $ 1,382,029
Accounts receivable, less allowance of $17,168 and $17,489 in 2015 and 2014, respectively 452,600 419,301
Prepaid expenses 496,226 440,272
Other current assets 36,364 26,089
Total current assets 2,288,315 2,267,691
Property, plant and equipment    
Land, buildings and improvements 840,032 808,116
Computer equipment and capitalized software 505,233 454,925
Furniture and other equipment 233,271 209,624
Construction in progress 47,684 78,111
Property, plant and equipment, gross 1,626,220 1,550,776
Less accumulated depreciation 894,938 855,439
Property, plant and equipment, net 731,282 695,337
Intangible assets    
Definite-lived intangible assets, net 777,763 682,713
Indefinite-lived intangible assets 369,317 369,480
Goodwill 1,604,315 1,479,037
Other long-term assets 385,249 474,103
Total assets 6,156,241 5,968,361
Current liabilities    
Accounts payable, client accounts 662,941 658,108
Accounts payable 58,607 74,151
Accrued expenses 686,664 675,880
Deferred revenue 618,640 543,122
Current portion of long-term debt, net 42,352 47,443
Other current liabilities 32,002 12,035
Total current liabilities 2,101,206 2,010,739
Long-term debt, net 2,002,662 1,995,957
Long-term deferred income taxes 199,472 196,759
Other long-term liabilities $ 142,267 $ 112,204
Commitments and contingent liabilities
Redeemable noncontrolling interests $ 263,715 $ 168,855
Stockholders’ equity    
Common stock, $.01 par value; 450,000,000 shares authorized; 202,891,231 and 201,601,859 shares issued and 202,483,207 and 201,193,835 shares outstanding in 2015 and 2014, respectively 2,020 2,004
Additional paid-in capital 2,428,566 2,414,428
Accumulated deficit (1,075,111) (1,042,603)
Cost of shares held in treasury (408,024 shares) (6,865) (6,865)
Accumulated other comprehensive loss (111,657) (70,010)
Total Live Nation stockholders’ equity 1,236,953 1,296,954
Noncontrolling interests 209,966 186,893
Total equity 1,446,919 1,483,847
Total liabilities and equity 6,156,241 5,968,361
Series A Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock 0 0
Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock $ 0 $ 0