Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenue $ 10,787,800 $ 9,687,222 $ 7,826,336
Operating expenses:      
Direct operating expenses 7,967,932 7,181,898 5,639,177
Selling, general and administrative expenses 1,997,028 1,907,723 1,548,450
Depreciation and amortization 386,529 372,201 318,584
Loss (gain) on disposal of operating assets 10,369 (969) 124
Corporate expenses 153,406 134,972 125,061
Operating income (loss) 272,536 91,397 194,940
Interest expense 138,505 106,722 106,506
Loss on extinguishment of debt 2,471 1,048 14,049
Interest income (8,961) (5,717) (2,573)
Equity in losses (earnings) of nonconsolidated affiliates (2,747) (1,161) 17,802
Other expense (income), net 12,163 (115) 10,830
Income (loss) before income taxes 131,105 (9,380) 48,326
Income tax expense (benefit) 40,765 (17,154) 28,029
Net income 90,340 7,774 20,297
Net income attributable to noncontrolling interests $ 30,091 $ 13,789 $ 17,355
Basic and diluted net loss per common share available to common stockholders of Live Nation $ (0.09) $ (0.48) $ (0.23)
Weighted average common shares outstanding:      
Basic and diluted (in shares) 207,441,468 204,923,740 202,076,243
Net income (loss) attributable to common stockholders of Live Nation $ 60,249 $ (6,015) $ 2,942
Reconciliation to net loss available to common stockholders of Live Nation:      
Net income (loss) attributable to common stockholders of Live Nation 60,249 (6,015) 2,942
Accretion of redeemable noncontrolling interests (77,900) (91,631) (49,952)
Basic and diluted net loss available to common stockholders of Live Nation $ (17,651) $ (97,646) $ (47,010)