Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA (Tables)

v3.3.1.900
SEGMENT DATA (Tables)
12 Months Ended
Dec. 31, 2015
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 years ending December 31, 2015, 2014 and 2013:
 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
4,964,991

 
$
1,639,564

 
$
434,201

 
$
333,726

 
$
3,176

 
$

 
$
(129,927
)
 
$
7,245,731

Direct operating expenses
4,220,963

 
808,697

 
245,781

 
47,760

 
1,068

 

 
(127,796
)
 
5,196,473

Selling, general and administrative expenses
690,381

 
487,495

 
160,176

 
57,681

 
2,175

 

 

 
1,397,908

Depreciation and amortization
146,795

 
184,129

 
54,980

 
9,932

 
46

 
3,490

 
(2,131
)
 
397,241

Loss on disposal of operating assets
430

 
26

 
215

 

 

 
174

 

 
845

Corporate expenses

 

 

 

 

 
107,794

 

 
107,794

Acquisition transaction expenses
11,727

 
988

 
1,232

 

 

 
151

 

 
14,098

Operating income (loss)
$
(105,305
)
 
$
158,229

 
$
(28,183
)
 
$
218,353

 
$
(113
)
 
$
(111,609
)
 
$

 
$
131,372

Intersegment revenue
$
113,391

 
$
1,150

 
$
15,386

 
$

 
$

 
$

 
$
(129,927
)
 
$

Capital expenditures
$
40,053

 
$
93,323

 
$
1,924

 
$
4,836

 
$

 
$
5,011

 
$

 
$
145,147

2014
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
4,726,877

 
$
1,557,254

 
$
389,437

 
$
300,279

 
$
3,171

 
$

 
$
(110,054
)
 
$
6,866,964

 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Direct operating expenses
4,016,540

 
763,280

 
212,302

 
37,973

 
(2,174
)
 

 
(107,952
)
 
4,919,969

Selling, general and administrative expenses
666,475

 
471,982

 
138,066

 
50,292

 
3,345

 

 

 
1,330,160

Depreciation and amortization
115,088

 
204,901

 
43,343

 
4,281

 
40

 
2,592

 
(2,102
)
 
368,143

Goodwill impairment
117,013

 

 
17,948

 

 

 

 

 
134,961

Loss (gain) on disposal of operating assets
(2,954
)
 
(1,583
)
 
34

 

 
(29
)
 
38

 

 
(4,494
)
Corporate expenses

 

 

 

 

 
101,000

 

 
101,000

Acquisition transaction expenses
5,171

 
1,381

 
566

 

 
38

 
2,905

 

 
10,061

Operating income (loss)
$
(190,456
)
 
$
117,293

 
$
(22,822
)
 
$
207,733

 
$
1,951

 
$
(106,535
)
 
$

 
$
7,164

Intersegment revenue
$
97,642

 
$
1,150

 
$
11,262

 
$

 
$

 
$

 
$
(110,054
)
 
$

Capital expenditures
$
35,006

 
$
89,990

 
$
1,892

 
$
1,834

 
$
6

 
$
9,490

 
$

 
$
138,218

2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
4,517,191

 
$
1,407,817

 
$
352,947

 
$
284,692

 
$
3,164

 
$

 
$
(87,264
)
 
$
6,478,547

Direct operating expenses
3,829,991

 
672,221

 
218,113

 
45,021

 
380

 

 
(85,219
)
 
4,680,507

Selling, general and administrative expenses
632,614

 
442,788

 
103,304

 
45,618

 
2,568

 

 

 
1,226,892

Depreciation and amortization
132,386

 
190,801

 
42,613

 
2,351

 
206

 
2,611

 
(2,045
)
 
368,923

Loss (gain) on disposal of operating assets
(38,927
)
 
(4
)
 
665

 

 
7

 

 

 
(38,259
)
Corporate expenses

 

 

 

 

 
94,385

 

 
94,385

Acquisition transaction expenses
723

 
245

 
3

 
64

 

 
5,404

 

 
6,439

Operating income (loss)
$
(39,596
)
 
$
101,766

 
$
(11,751
)
 
$
191,638

 
$
3

 
$
(102,400
)
 
$

 
$
139,660

Intersegment revenue
$
77,050

 
$
2,295

 
$
7,919

 
$

 
$

 
$

 
$
(87,264
)
 
$

Capital expenditures
$
45,925

 
$
90,132

 
$
2,255

 
$
1,424

 
$

 
$
1,303

 
$

 
$
141,039

Schedule of Revenue and Long-Lived Assets, by Geographical Areas
The following table provides revenue and long-lived assets for the Company’s foreign operations included in the consolidated financial statements:
 
 
United Kingdom Operations
 
Other Foreign Operations
 
Total Foreign Operations
 
Total Domestic Operations
 
Consolidated Total
 
 
(in thousands)
2015
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
672,802

 
$
1,534,629

 
$
2,207,431

 
$
5,038,300

 
$
7,245,731

Long-lived assets
 
$
74,517

 
$
126,194

 
$
200,711

 
$
530,571

 
$
731,282

 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
772,445

 
$
1,591,643

 
$
2,364,088

 
$
4,502,876

 
$
6,866,964

Long-lived assets
 
$
71,269

 
$
105,937

 
$
177,206

 
$
518,131

 
$
695,337

 
 
 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
716,982

 
$
1,773,088

 
$
2,490,070

 
$
3,988,477

 
$
6,478,547

Long-lived assets
 
$
76,607

 
$
116,859

 
$
193,466

 
$
513,334

 
$
706,800