Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF OPERATIONS

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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Revenues $ 16,681,254 $ 6,268,447 $ 1,861,178
Operating expenses:      
Direct operating expenses 12,337,524 4,355,989 1,402,400
Selling, general and administrative expenses 2,955,884 1,754,822 1,524,342
Depreciation and amortization 449,976 416,277 485,025
Loss (gain) on disposal of operating assets (32,082) (1,211) 503
Corporate expenses 237,834 160,428 102,100
Operating income (loss) 732,118 (417,858) (1,653,192)
Interest expense 278,483 282,440 226,832
Interest income (77,620) (6,625) (11,737)
Equity in losses (earnings) of nonconsolidated affiliates (10,571) (2,520) 5,458
Loss (gain) from sale of investments in nonconsolidated affiliates (448) (83,578) 1,727
Other expense (income), net 36,827 3,692 (18,807)
Income (loss) before income taxes 505,447 (611,267) (1,856,665)
Income tax expense (benefit) 96,254 (2,481) (28,875)
Net income (loss) 409,193 (608,786) (1,827,790)
Net income (loss) attributable to noncontrolling interests 113,207 42,118 (103,255)
Net income (loss) attributable to common stockholders of Live Nation $ 295,986 $ (650,904) $ (1,724,535)
Earnings Per Share, Basic $ 0.66 $ (3.09) $ (8.12)
Earnings Per Share, Diluted $ 0.64 $ (3.09) $ (8.12)
Weighted average common shares outstanding:      
Weighted average common shares—basic 224,809,558 217,190,862 212,270,944
Weighted average common shares—diluted 231,556,866 217,190,862 212,270,944
Reconciliation to net income (loss) available to common stockholders of Live Nation:      
Net income (loss) attributable to common stockholders of Live Nation $ 295,986 $ (650,904) $ (1,724,535)
Accretion of redeemable noncontrolling interests (146,770) (19,771) 1,180
Net income (loss) available to common stockholders, basic and diluted, total $ 149,216 $ (670,675) $ (1,723,355)