Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA (Tables)

v2.4.0.8
SEGMENT DATA (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Results of Operations Related to Reportable Segments of the Entity
The following table presents the results of operations for the Company’s reportable segments for the three and six months ended June 30, 2014 and 2013:
 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Three Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,172,166

 
$
371,000

 
$
79,162

 
$
70,903

 
$
839

 
$

 
$
(28,285
)
 
$
1,665,785

Direct operating expenses
969,991

 
183,269

 
47,242

 
9,995

 
1,590

 

 
(27,391
)
 
1,184,696

 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Selling, general and administrative expenses
166,890

 
111,882

 
34,029

 
12,244

 
880

 

 

 
325,925

Depreciation and amortization
26,189

 
40,968

 
7,665

 
1,739

 
10

 
542

 
(894
)
 
76,219

Loss (gain) on disposal of operating assets
(3,745
)
 
(43
)
 
1

 

 

 

 

 
(3,787
)
Corporate expenses

 

 

 

 

 
25,717

 

 
25,717

Acquisition transaction expenses
456

 
58

 
(265
)
 

 

 
1,080

 

 
1,329

Operating income (loss)
$
12,385

 
$
34,866

 
$
(9,510
)
 
$
46,925

 
$
(1,641
)
 
$
(27,339
)
 
$

 
$
55,686

Intersegment revenue
$
25,604

 
$
187

 
$
2,494

 
$

 
$

 
$

 
$
(28,285
)
 
$

Three Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,193,006

 
$
337,827

 
$
99,739

 
$
71,240

 
$
791

 
$

 
$
(23,090
)
 
$
1,679,513

Direct operating expenses
992,476

 
160,021

 
68,920

 
13,311

 
(2,206
)
 

 
(22,604
)
 
1,209,918

Selling, general and administrative expenses
159,517

 
101,919

 
22,476

 
10,959

 
848

 

 

 
295,719

Depreciation and amortization
35,068

 
36,685

 
10,136

 
596

 
11

 
678

 
(486
)
 
82,688

Loss (gain) on disposal of operating assets
(31,332
)
 
42

 
1,091

 

 

 

 

 
(30,199
)
Corporate expenses

 

 

 

 

 
21,812

 

 
21,812

Acquisition transaction expenses
313

 

 
17

 

 

 
1,439

 

 
1,769

Operating income (loss)
$
36,964

 
$
39,160

 
$
(2,901
)
 
$
46,374

 
$
2,138

 
$
(23,929
)
 
$

 
$
97,806

Intersegment revenue
$
21,254

 
$
714

 
$
1,122

 
$

 
$

 
$

 
$
(23,090
)
 
$

Six Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,834,656

 
$
725,461

 
$
151,718

 
$
116,291

 
$
1,585

 
$

 
$
(36,610
)
 
$
2,793,101

Direct operating expenses
1,487,146

 
355,860

 
89,318

 
18,059

 
681

 

 
(35,217
)
 
1,915,847

Selling, general and administrative expenses
316,806

 
225,902

 
59,822

 
24,165

 
1,635

 

 

 
628,330

Depreciation and amortization
54,709

 
86,951

 
15,436

 
1,943

 
20

 
1,141

 
(1,393
)
 
158,807

 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Loss (gain) on disposal of operating assets
(3,235
)
 
(117
)
 
34

 

 

 
37

 

 
(3,281
)
Corporate expenses

 

 

 

 

 
46,891

 

 
46,891

Acquisition transaction expenses
783

 
63

 
188

 

 

 
2,095

 

 
3,129

Operating income (loss)
$
(21,553
)
 
$
56,802

 
$
(13,080
)
 
$
72,124

 
$
(751
)
 
$
(50,164
)
 
$

 
$
43,378

Intersegment revenue
$
33,034

 
$
460

 
$
3,116

 
$

 
$

 
$

 
$
(36,610
)
 
$

Capital expenditures
$
18,306

 
$
37,438

 
$
943

 
$
449

 
$

 
$
5,271

 
$

 
$
62,407

Six Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,706,541

 
$
662,962

 
$
150,010

 
$
111,387

 
$
1,584

 
$

 
$
(29,273
)
 
$
2,603,211

Direct operating expenses
1,382,728

 
315,083

 
100,332

 
20,175

 
(3,171
)
 

 
(28,295
)
 
1,786,852

Selling, general and administrative expenses
296,835

 
213,859

 
42,514

 
20,647

 
1,386

 

 

 
575,241

Depreciation and amortization
63,770

 
79,498

 
20,170

 
738

 
185

 
1,470

 
(978
)
 
164,853

Loss (gain) on disposal of operating assets
(34,462
)
 
(20
)
 
679

 

 
7

 

 

 
(33,796
)
Corporate expenses

 

 

 

 

 
42,467

 

 
42,467

Acquisition transaction expenses
547

 
24

 
145

 

 

 
2,261

 

 
2,977

Operating income (loss)
$
(2,877
)
 
$
54,518

 
$
(13,830
)
 
$
69,827

 
$
3,177

 
$
(46,198
)
 
$

 
$
64,617

Intersegment revenue
$
26,967

 
$
981

 
$
1,325

 
$

 
$

 
$

 
$
(29,273
)
 
$

Capital expenditures
$
31,444

 
$
42,993

 
$
282

 
$
300

 
$

 
$
(171
)
 
$

 
$
74,848