Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA (Tables)

v3.10.0.1
SEGMENT DATA (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Results of Operations Related to Reportable Segments of the Entity
The following table presents the results of operations for the Company’s reportable segments for the years ending December 31, 2018, 2017 and 2016:
 
Concerts
 
Sponsorship
& Advertising
 
Ticketing
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
(in thousands)
2018
 
 
 
 
 
 
 
 
 
 
Revenue
$
8,770,031

 
$
503,968

 
$
1,529,566

 
$
3,724

 
$

 
$
(19,489
)
 
$
10,787,800

Direct operating expenses
7,340,757

 
92,494

 
549,265

 
4,905

 

 
(19,489
)
 
7,967,932

Selling, general and administrative expenses
1,248,346

 
97,540

 
634,829

 
16,313

 

 

 
1,997,028

Depreciation and amortization
206,772

 
30,779

 
143,551

 
817

 
4,610

 

 
386,529

Loss (gain) on disposal of operating assets
10,361

 
2

 
7

 

 
(1
)
 

 
10,369

Corporate expenses

 

 

 

 
153,406

 

 
153,406

Operating income (loss)
$
(36,205
)
 
$
283,153

 
$
201,914

 
$
(18,311
)
 
$
(158,015
)
 
$

 
$
272,536

Intersegment revenue
$
5,193

 
$

 
$
14,296

 
$

 
$

 
$
(19,489
)
 
$

Capital expenditures
$
129,129

 
$
7,541

 
$
110,202

 
$
169

 
$
15,273

 
$

 
$
262,314

2017
 
 
 
 
 
 
 
 
 
 
Revenue
$
7,892,076

 
$
445,148

 
$
1,346,510

 
$
21,012

 
$

 
$
(17,524
)
 
$
9,687,222

Direct operating expenses
6,641,071

 
78,725

 
460,881

 
18,746

 

 
(17,525
)
 
7,181,898

Selling, general and administrative expenses
1,119,335

 
87,268

 
681,948

 
19,172

 

 

 
1,907,723

Depreciation and amortization
226,315

 
27,669

 
112,727

 
432

 
5,057

 
1

 
372,201

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
$
1,061

 
$

 
$
16,463

 
$

 
$

 
$
(17,524
)
 
$

Capital expenditures
$
109,801

 
$
6,701

 
$
105,317

 
$
149

 
$
25,926

 
$

 
$
247,894

2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
6,283,521

 
$
377,618

 
$
1,166,029

 
$
7,978

 
$

 
$
(8,810
)
 
$
7,826,336

Direct operating expenses
5,202,097

 
60,218

 
382,690

 
2,902

 

 
(8,730
)
 
5,639,177

 
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

 
98,290

 
2,940

 
4,433

 

 
318,584

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
$
202

 
$

 
$
8,528

 
$
80

 
$

 
$
(8,810
)
 
$

Capital expenditures
$
87,306

 
$
2,161

 
$
91,285

 
$
1,028

 
$
7,824

 
$

 
$
189,604

Schedule of Revenue and Long-Lived Assets, by Geographical Areas
The following table provides revenue and long-lived assets for the Company’s foreign operations included in the consolidated financial statements:
 
Total Foreign Operations
 
Total Domestic Operations
 
Consolidated Total
 
(in thousands)
2018
 
 
 
 
 
Revenue
$
3,661,222

 
$
7,126,578

 
$
10,787,800

Long-lived assets
$
199,299

 
$
747,294

 
$
946,593

2017
 
 
 
 
 
Revenue
$
3,408,661

 
$
6,278,561

 
$
9,687,222

Long-lived assets
$
201,724

 
$
684,212

 
$
885,936

2016
 
 
 
 
 
Revenue
$
2,436,033

 
$
5,390,303

 
$
7,826,336

Long-lived assets
$
174,160

 
$
577,376

 
$
751,536