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, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Revenue $ 10,337,448 $ 8,354,934 $ 7,245,731
Operating expenses:      
Direct operating expenses 7,748,791 6,082,708 5,196,473
Selling, general and administrative expenses 1,907,723 1,548,450 1,411,855
Depreciation and amortization 455,534 403,651 397,241
Loss (gain) on disposal of operating assets (969) 124 845
Corporate expenses 134,972 125,061 107,945
Operating income (loss) 91,397 194,940 131,372
Interest expense 106,722 106,506 102,881
Loss on extinguishment of debt 1,048 14,049 0
Interest income (5,717) (2,573) (3,528)
Equity in losses (earnings) of nonconsolidated affiliates (1,161) 17,802 (1,502)
Other expense (income), net (115) 10,830 27,168
Income before income taxes (9,380) 48,326 6,353
Income tax expense (benefit) (17,154) 28,029 22,122
Net income (loss) 7,774 20,297 (15,769)
Net income attributable to noncontrolling interests 13,789 17,355 16,739
Net income (loss) attributable to common stockholders of Live Nation $ (6,015) $ 2,942 $ (32,508)
Basic and diluted net loss per common share available to common stockholders of Live Nation $ (0.48) $ (0.23) $ (0.33)
Weighted average common shares outstanding:      
Basic and diluted (in shares) 204,923,740 202,076,243 200,973,485
Reconciliation to net loss available to common stockholders of Live Nation:      
Net income (loss) attributable to common stockholders of Live Nation $ (6,015) $ 2,942 $ (32,508)
Accretion of redeemable noncontrolling interests (91,631) (49,952) (33,179)
Basic and diluted net loss available to common stockholders of Live Nation $ (97,646) $ (47,010) $ (65,687)