Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF OPERATIONS

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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Revenue $ 11,547,969 $ 10,787,800 $ 9,687,222
Operating expenses:      
Direct operating expenses 8,467,182 7,967,932 7,181,898
Selling, general and administrative expenses 2,145,486 1,997,028 1,907,723
Depreciation and amortization 443,991 386,529 372,201
Loss (gain) on disposal of operating assets (2,373) 10,369 (969)
Corporate expenses 168,839 153,406 134,972
Operating income (loss) 324,844 272,536 91,397
Interest expense 157,521 140,976 107,770
Interest income (14,406) (8,961) (5,717)
Equity in earnings of nonconsolidated affiliates (5,457) (2,747) (1,161)
Other expense (income), net 2,082 12,163 (115)
Income (loss) before income taxes 185,104 131,105 (9,380)
Income tax expense (benefit) 66,892 40,765 (17,154)
Net income 118,212 90,340 7,774
Net income attributable to noncontrolling interests 48,323 30,091 13,789
Net income (loss) attributable to common stockholders of Live Nation $ 69,889 $ 60,249 $ (6,015)
Basic and diluted net loss per common share available to common stockholders of Live Nation $ (0.02) $ (0.09) $ (0.48)
Weighted average common shares outstanding:      
Basic and diluted (in shares) 210,082,696 207,441,468 204,923,740
Reconciliation to net loss available to common stockholders of Live Nation:      
Net income (loss) attributable to common stockholders of Live Nation $ 69,889 $ 60,249 $ (6,015)
Accretion of redeemable noncontrolling interests (74,771) (77,900) (91,631)
Basic and diluted net loss available to common stockholders of Live Nation $ (4,882) $ (17,651) $ (97,646)