Live Nation Entertainment Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value of Assets and Liabilities Measured on a Recurring Basis

In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis, which are classified on the balance sheets as cash and cash equivalents, other current assets, other current liabilities and other long-term liabilities:



	Fair Value Measurements at December 31, 2018								Fair Value Measurements at December 31, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
			(in thousands)								(in thousands)
Assets:
Cash equivalents	$	86,046	$	—	$	—	$	86,046	$	58,063	$	—	$	—	$	58,063
Forward currency contracts	—		779		—		779		—		114		—		114
Total	$	86,046	$	779	$	—	$	86,825	$	58,063	$	114	$	—	$	58,177
Liabilities:
Forward currency contracts	$	—	$	260	$	—	$	260	$	—	$	1,276	$	—	$	1,276
Put option	—		—		8,002		8,002		—		—		5,768		5,768
Subsidiary equity awards	—		—		3,571		3,571		—		—		—		—
Contingent consideration	—		—		62,475		62,475		—		—		70,039		70,039
Total	$	—	$	260	$	74,048	$	74,308	$	—	$	1,276	$	75,807	$	77,083

Fair Value of Debt

The following table presents the estimated fair values of the Company’s senior notes and convertible senior notes at December 31, 2018 and 2017:



	Estimated Fair Value at:
	December 31, 2018		December 31, 2017
	Level 2
	(in thousands)
4.875% Senior Notes due 2024	$	552,368	$	592,325
5.625% Senior Notes due 2026	$	302,097	$	—
5.375% Senior Notes due 2022	$	251,390	$	259,233
2.5% Convertible Senior Notes due 2023	$	561,699	$	—
2.5% Convertible Senior Notes due 2019	$	40,710	$	310,635

Fair Value of Assets Measured on a Non-recurring Basis

The following table shows the fair value of the Company’s financial assets that have been adjusted to fair value on a non-recurring basis which had a significant impact on the Company’s results of operations for the years ended December 31, 2018 and 2017:



	Fair Value		Fair Value Measurements Using						Loss
Description	Measurement		Level 1		Level 2		Level 3		(Gain)
	(in thousands)
2018
Goodwill	$	20,332	$	—	$	—	$	20,332	$	10,500
2017
Goodwill	$	30,832	$	—	$	—	$	30,832	$	20,000