|
EQUITY (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Equity [Abstract] |
|
| Change in Ownership Interest |
The following schedule reflects the change in ownership interests for these transactions:
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Year Ended December 31, |
|
2014 |
|
2013 |
|
2012 |
|
(in thousands) |
Net loss attributable to common stockholders of Live Nation |
$ |
(90,807 |
) |
|
$ |
(43,378 |
) |
|
$ |
(163,227 |
) |
Transfers of noncontrolling interest: |
|
|
|
|
|
Changes in Live Nation’s additional paid-in capital for purchase of noncontrolling interests, net of transaction costs |
(3,796 |
) |
|
(17,732 |
) |
|
43 |
|
Changes in Live Nation’s additional paid-in capital for sale of noncontrolling interests, net of transaction costs |
(11,748 |
) |
|
— |
|
|
— |
|
Net transfers of noncontrolling interest |
(15,544 |
) |
|
(17,732 |
) |
|
43 |
|
Change from net loss attributable to common stockholders of Live Nation and transfers from noncontrolling interests |
$ |
(106,351 |
) |
|
$ |
(61,110 |
) |
|
$ |
(163,184 |
) |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following table presents changes in the components of AOCI, net of taxes, for the years ended December 31, 2014, 2013 and 2012:
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Gains and Losses on Cash Flow Hedges |
|
Defined Benefit Pension Items |
|
Foreign Currency Items |
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Total |
|
|
(in thousands) |
Balance at December 31, 2011 |
|
$ |
(431 |
) |
|
$ |
(221 |
) |
|
$ |
(35,722 |
) |
|
$ |
(36,374 |
) |
Other comprehensive income (loss) before reclassifications |
|
(148 |
) |
|
(390 |
) |
|
26,005 |
|
|
25,467 |
|
Amount reclassified from AOCI |
|
(16 |
) |
|
— |
|
|
— |
|
|
(16 |
) |
Net other comprehensive income (loss) |
|
(164 |
) |
|
(390 |
) |
|
26,005 |
|
|
25,451 |
|
Balance at December 31, 2012 |
|
(595 |
) |
|
(611 |
) |
|
(9,717 |
) |
|
(10,923 |
) |
Other comprehensive income before reclassifications |
|
20 |
|
|
— |
|
|
8,037 |
|
|
8,057 |
|
Amount reclassified from AOCI |
|
496 |
|
|
— |
|
|
— |
|
|
496 |
|
Net other comprehensive income |
|
516 |
|
|
— |
|
|
8,037 |
|
|
8,553 |
|
Balance at December 31, 2013 |
|
(79 |
) |
|
(611 |
) |
|
(1,680 |
) |
|
(2,370 |
) |
Other comprehensive income (loss) before reclassifications |
|
(6 |
) |
|
30 |
|
|
(67,724 |
) |
|
(67,700 |
) |
Amount reclassified from AOCI |
|
60 |
|
|
— |
|
|
— |
|
|
60 |
|
Net other comprehensive income (loss) |
|
54 |
|
|
30 |
|
|
(67,724 |
) |
|
(67,640 |
) |
Balance at December 31, 2014 |
|
$ |
(25 |
) |
|
$ |
(581 |
) |
|
$ |
(69,404 |
) |
|
$ |
(70,010 |
) |
|
| Earnings Per Share |
The following table sets forth the computation of basic and diluted net income (loss) per common share:
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Year ended December 31, |
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|
2014 |
|
2013 |
|
2012 |
|
(in thousands except share and per share data) |
Net loss attributable to common stockholders of Live Nation |
|
$ |
(90,807 |
) |
|
$ |
(43,378 |
) |
|
$ |
(163,227 |
) |
Accretion of redeemable noncontrolling interests |
|
(5,660 |
) |
|
(569 |
) |
|
(801 |
) |
Net loss available to common stockholders of Live Nation—basic and diluted |
|
$ |
(96,467 |
) |
|
$ |
(43,947 |
) |
|
$ |
(164,028 |
) |
|
|
|
|
|
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|
Weighted average common shares—basic and diluted |
|
198,874,019 |
|
|
193,885,066 |
|
|
186,955,748 |
|
|
|
|
|
|
|
|
Basic and diluted net loss available to common stockholders of Live Nation |
|
$ |
(0.49 |
) |
|
$ |
(0.23 |
) |
|
$ |
(0.88 |
) |
|
| Potentially Dilutive Securities Excluded From Diluted Net Income Per Common Share |
The following table shows securities excluded from the calculation of diluted net income per common share because such securities were anti-dilutive:
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Year Ended December 31, |
|
2014 |
|
2013 |
|
2012 |
|
(in thousands) |
Options to purchase shares of common stock |
16,999 |
|
|
16,628 |
|
|
24,722 |
|
Restricted stock awards and units—unvested |
1,171 |
|
|
2,210 |
|
|
3,207 |
|
Warrants |
— |
|
|
— |
|
|
500 |
|
Conversion shares related to convertible senior notes |
7,930 |
|
|
8,105 |
|
|
8,105 |
|
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding |
26,100 |
|
|
26,943 |
|
|
36,534 |
|
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