Quarterly report pursuant to Section 13 or 15(d)

EQUITY Equity (Tables)

v3.8.0.1
EQUITY Equity (Tables)
9 Months Ended
Sep. 30, 2017
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, 2017:
 
Live Nation
Stockholders’ Equity
 
Noncontrolling
Interests
 
Total
Equity
 
Redeemable
Noncontrolling
Interests
 
(in thousands)
 
(in thousands)
Balance at December 31, 2016
$
1,126,016

 
$
223,500

 
$
1,349,516

 
$
347,068

Non-cash compensation expense
23,921

 

 
23,921

 

Common stock issued under stock plans, net of shares withheld for employee taxes
(5,329
)
 

 
(5,329
)
 

Exercise of stock options
44,746

 

 
44,746

 

Acquisitions

 
6,036

 
6,036

 
(1,985
)
Purchases of noncontrolling interests
(1,402
)
 
(1,594
)
 
(2,996
)
 
(1,329
)
Redeemable noncontrolling interests fair value adjustments
(52,811
)
 

 
(52,811
)
 
52,811

Contributions received

 
7,971

 
7,971

 

Cash distributions

 
(8,226
)
 
(8,226
)
 
(14,222
)
Other
114

 
477

 
591

 
(1,339
)
Comprehensive income (loss):
 
 
 
 

 
 
Net income (loss)
184,878

 
7,404

 
192,282

 
(10,727
)
Foreign currency translation adjustments
58,761

 

 
58,761

 


Other
80

 

 
80

 

Balance at September 30, 2017
$
1,378,974

 
$
235,568

 
$
1,614,542

 
$
370,277

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, 2017:
 
Foreign Currency Items
 
Other
 
Total
 
(in thousands)
Balance at December 31, 2016
$
(176,246
)
 
$
(461
)
 
$
(176,707
)
Other comprehensive income before reclassifications
58,761

 
80

 
58,841

Net other comprehensive income
58,761

 
80

 
58,841

Balance at September 30, 2017
$
(117,485
)
 
$
(381
)
 
$
(117,866
)
Weighted Average Number of 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,
 
2017
 
2016
 
2017
 
2016
Weighted average common shares—basic
205,287,843

 
202,118,412

 
204,574,742

 
201,904,305

Effect of dilutive securities:
 
 
 
 
 
 
 
      Stock options and restricted stock
9,914,361

 
7,641,823

 
9,311,710

 
6,951,096

      Convertible senior notes
7,929,982

 
7,929,982

 

 

Weighted average common shares—diluted
223,132,186

 
217,690,217

 
213,886,452

 
208,855,401

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,
 
2017
 
2016
 
2017
 
2016
Options to purchase shares of common stock
8,000

 
1,726,732

 
810,796

 
5,309,138

Restricted stock awards—unvested
196,484

 
316,810

 
219,084

 
319,310

Conversion shares related to the convertible senior notes

 

 
7,929,982

 
7,929,982

Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding
204,484

 
2,043,542

 
8,959,862

 
13,558,430