Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Revenue $ 2,179,258 $ 1,765,777 $ 3,386,974 $ 2,886,089
Operating expenses:        
Direct operating expenses 1,605,688 1,279,099 2,389,891 2,000,388
Selling, general and administrative expenses 374,826 329,570 712,040 643,702
Depreciation and amortization 95,424 88,571 190,379 173,112
Gain on disposal of operating assets (279) (76) (254) (37)
Corporate expenses 29,440 26,368 54,049 50,614
Operating income (loss) 74,159 42,245 40,869 18,310
Interest expense 25,284 25,650 50,716 51,013
Interest income (650) (394) (1,206) (1,959)
Equity in losses (earnings) of nonconsolidated affiliates 305 367 (287) (2,613)
Other expense (income), net 7,353 (8,500) (1,194) 12,528
Income (loss) before income taxes 41,867 25,122 (7,160) (40,659)
Income tax expense 5,406 4,910 12,333 5,655
Net income (loss) 36,461 20,212 (19,493) (46,314)
Net income (loss) attributable to noncontrolling interests (1,280) 5,156 (12,716) (3,091)
Net income (loss) attributable to common stockholders of Live Nation $ 37,741 $ 15,056 $ (6,777) $ (43,223)
Basic and diluted net income (loss) per common share available to common stockholders of Live Nation $ 0.13 $ 0.06 $ (0.16) $ (0.25)
Weighted average common shares outstanding:        
Basic (in shares) 201,896,009 200,767,811 201,796,075 200,463,314
Diluted (in shares) 208,601,733 208,778,589 201,796,075 200,463,314
Reconciliation to net income (loss) available to common stockholders of Live Nation:        
Net income (loss) attributable to common stockholders of Live Nation $ 37,741 $ 15,056 $ (6,777) $ (43,223)
Accretion of redeemable noncontrolling interests (11,292) (3,105) (24,628) (6,993)
Basic and diluted net income (loss) available to common stockholders of Live Nation $ 26,449 $ 11,951 $ (31,405) $ (50,216)