Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 1,825,322 $ 1,526,591
Accounts receivable, less allowance of $32,755 and $29,634 in 2017 and 2016, respectively 725,304 568,936
Prepaid expenses 546,713 528,250
Other current assets 55,403 49,774
Total current assets 3,152,742 2,673,551
Property, plant and equipment    
Land, buildings and improvements 955,937 838,545
Computer equipment and capitalized software 610,924 524,571
Furniture and other equipment 312,962 256,765
Construction in progress 133,906 125,430
Property, plant and equipment, gross 2,013,729 1,745,311
Less accumulated depreciation 1,127,793 993,775
Property, plant and equipment, net 885,936 751,536
Intangible assets    
Definite-lived intangible assets, net 729,265 812,031
Indefinite-lived intangible assets 369,023 368,766
Goodwill 1,754,589 1,747,088
Other long-term assets 612,708 411,294
Total assets 7,504,263 6,764,266
Current liabilities    
Accounts payable, client accounts 948,637 726,475
Accounts payable 85,666 55,030
Accrued expenses 1,109,246 781,494
Deferred revenue 925,220 804,973
Current portion of long-term debt, net 347,593 53,317
Other current liabilities 160,638 39,055
Total current liabilities 3,577,000 2,460,344
Long-term debt, net 1,952,366 2,259,736
Long-term deferred income taxes 137,635 197,811
Other long-term liabilities 174,391 149,791
Commitments and contingent liabilities
Redeemable noncontrolling interests 244,727 347,068
Stockholders’ equity    
Common stock, $.01 par value; 450,000,000 shares authorized; 209,489,118 and 204,475,849 shares issued and 209,081,094 and 204,067,825 shares outstanding in 2017 and 2016, respectively 2,069 2,034
Additional paid-in capital 2,374,006 2,381,011
Accumulated deficit (1,079,472) (1,073,457)
Cost of shares held in treasury (408,024 shares) (6,865) (6,865)
Accumulated other comprehensive loss (108,542) (176,707)
Total Live Nation stockholders’ equity 1,181,196 1,126,016
Noncontrolling interests 236,948 223,500
Total equity 1,418,144 1,349,516
Total liabilities and equity 7,504,263 6,764,266
Series A Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock 0 0
Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock $ 0 $ 0