Live Nation Entertainment Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA (Tables)

12 Months Ended

Dec. 31, 2017

The following table presents the results of operations for the Company’s reportable segments for the years ending December 31, 2017, 2016 and 2015:



	Concerts			Sponsorship & Advertising		Ticketing		Other			Corporate			Eliminations			Consolidated
	(in thousands)
2017
Revenue	$	7,892,076		$	445,148	$	2,143,800	$	21,012		$	—		$	(164,588	)	$	10,337,448
Direct operating expenses	6,641,071			78,725		1,170,121		18,746			—			(159,872		)	7,748,791
Selling, general and administrative expenses	1,119,335			87,268		681,948		19,172			—			—			1,907,723
Depreciation and amortization	226,315			27,669		200,777		432			5,057			(4,716		)	455,534
Loss (gain) on disposal of operating assets	(1,056		)	—		49		—			38			—			(969		)
Corporate expenses	—			—		—		—			134,972			—			134,972
Operating income (loss)	$	(93,589	)	$	251,486	$	90,905	$	(17,338	)	$	(140,067	)	$	—		$	91,397
Intersegment revenue	$	148,125		$	—	$	16,463	$	—		$	—		$	(164,588	)	$	—
Capital expenditures	$	109,801		$	6,701	$	105,317	$	149		$	25,926		$	—		$	247,894
2016
Revenue	$	6,283,521		$	377,618	$	1,827,930	$	7,978		$	—		$	(142,113	)	$	8,354,934
Direct operating expenses	5,202,097			60,218		956,956		2,902			—			(139,465		)	6,082,708



	Concerts			Sponsorship & Advertising		Ticketing		Other			Corporate			Eliminations			Consolidated
	(in thousands)
Selling, general and administrative expenses	950,060			71,089		510,490		16,811			—			—			1,548,450
Depreciation and amortization	194,715			18,206		185,925		2,940			4,433			(2,568		)	403,651
Loss (gain) on disposal of operating assets	(61		)	—		68		—			117			—			124
Corporate expenses	—			—		—		—			125,141			(80		)	125,061
Operating income (loss)	$	(63,290	)	$	228,105	$	174,491	$	(14,675	)	$	(129,691	)	$	—		$	194,940
Intersegment revenue	$	133,505		$	—	$	8,528	$	80		$	—		$	(142,113	)	$	—
Capital expenditures	$	87,306		$	2,161	$	91,285	$	1,028		$	7,824		$	—		$	189,604
2015
Revenue	$	5,382,965		$	333,726	$	1,639,564	$	3,176		$	—		$	(113,700	)	$	7,245,731
Direct operating expenses	4,450,517			47,760		808,697		1,068			—			(111,569		)	5,196,473
Selling, general and administrative expenses	863,516			57,681		488,483		2,175			—			—			1,411,855
Depreciation and amortization	201,775			9,932		184,129		46			3,490			(2,131		)	397,241
Loss on disposal of operating assets	645			—		26		—			174			—			845
Corporate expenses	—			—		—		—			107,945			—			107,945
Operating income (loss)	$	(133,488	)	$	218,353	$	158,229	$	(113	)	$	(111,609	)	$	—		$	131,372
Intersegment revenue	$	104,571		$	—	$	9,129	$	—		$	—		$	(113,700	)	$	—
Capital expenditures	$	41,977		$	4,836	$	93,323	$	—		$	5,011		$	—		$	145,147

The following table provides revenue and long-lived assets for the Company’s foreign operations included in the consolidated financial statements: