Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 1,526,591 $ 1,303,125
Accounts receivable, less allowance of $29,634 and $17,168 in 2016 and 2015, respectively 568,936 452,600
Prepaid expenses 528,250 496,226
Other current assets 49,774 36,364
Total current assets 2,673,551 2,288,315
Property, plant and equipment    
Land, buildings and improvements 838,545 840,032
Computer equipment and capitalized software 524,571 505,233
Furniture and other equipment 256,765 233,271
Construction in progress 125,430 47,684
Property, plant and equipment, gross 1,745,311 1,626,220
Less accumulated depreciation 993,775 894,938
Property, plant and equipment, net 751,536 731,282
Intangible assets    
Definite-lived intangible assets, net 812,031 777,763
Indefinite-lived intangible assets 368,766 369,317
Goodwill 1,747,088 1,604,315
Other long-term assets 411,294 385,249
Total assets 6,764,266 6,156,241
Current liabilities    
Accounts payable, client accounts 726,475 662,941
Accounts payable 55,030 58,607
Accrued expenses 781,494 686,664
Deferred revenue 804,973 618,640
Current portion of long-term debt, net 53,317 42,352
Other current liabilities 39,055 32,002
Total current liabilities 2,460,344 2,101,206
Long-term debt, net 2,259,736 2,002,662
Long-term deferred income taxes 197,811 199,472
Other long-term liabilities 149,791 142,267
Commitments and contingent liabilities
Redeemable noncontrolling interests 347,068 263,715
Stockholders’ equity    
Common stock, $.01 par value; 450,000,000 shares authorized; 204,475,849 and 202,891,231 shares issued and 204,067,825 and 202,483,207 shares outstanding in 2016 and 2015, respectively 2,034 2,020
Additional paid-in capital 2,381,011 2,428,566
Accumulated deficit (1,073,457) (1,075,111)
Cost of shares held in treasury (408,024 shares) (6,865) (6,865)
Accumulated other comprehensive loss (176,707) (111,657)
Total Live Nation stockholders’ equity 1,126,016 1,236,953
Noncontrolling interests 223,500 209,966
Total equity 1,349,516 1,446,919
Total liabilities and equity 6,764,266 6,156,241
Series A Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock 0 0
Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock $ 0 $ 0