Quarterly report pursuant to Section 13 or 15(d)

EQUITY Equity (Tables)

v3.10.0.1
EQUITY Equity (Tables)
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Reconciliation of Carrying Amount of Equity and Redeemable Noncontrolling Interests
The following table shows the reconciliation of the carrying amount of stockholders’ equity attributable to Live Nation, equity attributable to noncontrolling interests, total equity and also redeemable noncontrolling interests for the nine months ended September 30, 2018:
 
Live Nation
Stockholders’ Equity
 
Noncontrolling
Interests
 
Total
Equity
 
Redeemable
Noncontrolling
Interests
 
(in thousands)
 
(in thousands)
Balance at December 31, 2017
$
1,181,196

 
$
236,948

 
$
1,418,144

 
$
244,727

Non-cash compensation expense
34,415

 

 
34,415

 

Common stock issued under stock plans, net of shares withheld for employee taxes
(8,685
)
 

 
(8,685
)
 

Exercise of stock options
16,447

 

 
16,447

 

Fair value of convertible debt conversion feature, net of issuance costs
62,624

 

 
62,624

 

Repurchase of convertible debt conversion feature
(92,641
)
 

 
(92,641
)
 

Acquisitions

 
21,770

 
21,770

 
20,911

Divestitures

 
(6,684
)
 
(6,684
)
 

Purchases of noncontrolling interests
(4,784
)
 
(1,526
)
 
(6,310
)
 
(10,356
)
Sales of noncontrolling interests
1,410

 
(980
)
 
430

 

Redeemable noncontrolling interests fair value adjustments
(54,246
)
 

 
(54,246
)
 
54,246

Contributions received

 
7,501

 
7,501

 
1,806

Cash distributions

 
(33,481
)
 
(33,481
)
 
(7,870
)
Other
(107
)
 
(2,439
)
 
(2,546
)
 
28

Comprehensive income (loss):
 
 
 
 

 
 
Net income
208,136

 
12,431

 
220,567

 
4,958

Foreign currency translation adjustments
(26,376
)
 

 
(26,376
)
 

Balance at September 30, 2018
$
1,317,389

 
$
233,540

 
$
1,550,929

 
$
308,450

Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in the components of AOCI, net of taxes, for the nine months ended September 30, 2018:
 
Total (Foreign Currency Items)
 
(in thousands)
Balance at December 31, 2017
$
(108,542
)
Other comprehensive income before reclassifications
(26,376
)
Net other comprehensive income
(26,376
)
Balance at September 30, 2018
$
(134,918
)
Computation of Weighted Average Common Shares Outstanding
The following table sets forth the computation of weighted average common shares outstanding:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2018
 
2017
 
2018
 
2017
Weighted average common shares—basic
207,614,413

 
205,287,843

 
207,228,034

 
204,574,742

Effect of dilutive securities:
 
 
 
 
 
 
 
     Stock options and restricted stock
8,347,718

 
9,914,361

 
8,178,167

 
9,311,710

     Convertible senior notes
826,852

 
7,929,982

 

 

Weighted average common shares—diluted
216,788,983

 
223,132,186

 
215,406,201

 
213,886,452

Potentially Dilutive Securities Excluded From Diluted Net Income (Loss) Per Common Share
The following table shows securities excluded from the calculation of diluted net income (loss) per common share because such securities are anti-dilutive:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2018
 
2017
 
2018
 
2017
Options to purchase shares of common stock
604,781

 
8,000

 
604,781

 
810,796

Restricted and deferred stock—unvested
2,483,572

 
196,484

 
2,498,072

 
219,084

Conversion shares related to the convertible senior notes
8,085,275

 

 
8,912,127

 
7,929,982

Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding
11,173,628

 
204,484

 
12,014,980

 
8,959,862