Annual report pursuant to Section 13 and 15(d)

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

v3.10.0.1
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Dec. 31, 2018
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
LIVE NATION ENTERTAINMENT, INC.
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
Allowance for Doubtful Accounts
Description
 
Balance at Beginning of Period
 
Charges of Costs, Expenses and Other
 
Write-off of Accounts Receivable
 
Other
 
Balance at End of Period
 
 
(in thousands)
Year ended December 31, 2016
 
$
17,168

 
$
16,699

 
$
(3,927
)
 
$
(306
)
(1) 
$
29,634

 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2017
 
$
29,634

 
$
16,664

 
$
(14,846
)
 
$
1,303

(1) 
$
32,755

 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2018
 
$
32,755

 
$
21,378

 
$
(19,777
)
 
$
(131
)
(1) 
$
34,225

_________________
(1) Foreign currency adjustments and acquisitions.
LIVE NATION ENTERTAINMENT, INC.
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
Deferred Tax Asset Valuation Allowance
Description
 
Balance at Beginning of Period
 
Charges of Costs, Expenses and Other
 
Deletions
 
Other (1)
 
Balance at End of Period
 
 
(in thousands)
Year ended December 31, 2016
 
$
658,104

 
$
11,820

 
$
—

 
$
11,642

 
$
681,566

 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2017
 
$
681,566

 
$
18,067

 
$
—

 
$
(103,196
)
 
$
596,437

 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2018
 
$
596,437

 
$
(8,845
)
 
$
—

 
$
(56,950
)
 
$
530,642

________________________
(1) During 2018, 2017 and 2016, the valuation allowance was adjusted for acquisitions, divestitures and foreign currency adjustments. The 2017 valuation allowance was also reduced due to the reduction in the federal income tax rate to 21%. This reduced the previously fully valued United States deferred tax asset. The 2018 valuation allowance was also reduced for decreases in fully valued deferred tax assets, primarily United States foreign tax credits utilized to offset the transition tax liability under the provisions of the TCJA and declining net operating loss carryforwards due to improved profitability.