Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Revenue $ 8,354,934 $ 7,245,731 $ 6,866,964
Operating expenses:      
Direct operating expenses 6,082,708 5,196,473 4,919,969
Selling, general and administrative expenses 1,548,450 1,411,855 1,337,316
Depreciation and amortization 403,651 397,241 368,143
Goodwill impairment 0 0 134,961
Loss (gain) on disposal of operating assets 124 845 (4,494)
Corporate expenses 125,061 107,945 103,905
Operating income (loss) 194,940 131,372 7,164
Interest expense 106,506 102,881 106,312
Loss on extinguishment of debt 14,049 0 188
Interest income (2,573) (3,528) (3,606)
Equity in losses (earnings) of nonconsolidated affiliates 17,802 (1,502) (4,166)
Other expense, net 10,830 27,168 8,256
Income (loss) before income taxes 48,326 6,353 (99,820)
Income tax expense 28,029 22,122 4,630
Net income (loss) 20,297 (15,769) (104,450)
Net income (loss) attributable to noncontrolling interests 17,355 16,739 (13,643)
Net income (loss) attributable to common stockholders of Live Nation $ 2,942 $ (32,508) $ (90,807)
Basic and diluted net loss per common share available to common stockholders of Live Nation $ (0.23) $ (0.33) $ (0.49)
Weighted average common shares outstanding:      
Basic and diluted (in shares) 202,076,243 200,973,485 198,874,019
Reconciliation to net loss available to common stockholders of Live Nation:      
Net income (loss) attributable to common stockholders of Live Nation $ 2,942 $ (32,508) $ (90,807)
Accretion of redeemable noncontrolling interests (49,952) (33,179) (5,660)
Basic and diluted net loss available to common stockholders of Live Nation $ (47,010) $ (65,687) $ (96,467)