| Quarterly Financial Information [Text Block] |
QUARTERLY RESULTS OF OPERATIONS (Unaudited)
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March 31, |
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June 30, |
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September 30, |
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December 31, |
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2019 |
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2018 |
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2019 |
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2018 |
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2019 |
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2018 |
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2019 |
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2018 |
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(in thousands) |
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| Revenue |
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$ |
1,727,828 |
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$ |
1,482,384 |
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$ |
3,157,009 |
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$ |
2,868,315 |
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$ |
3,773,684 |
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$ |
3,835,246 |
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$ |
2,889,448 |
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$ |
2,601,855 |
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Operating income (loss) |
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$ |
(23,863) |
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$ |
(6,030) |
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$ |
171,586 |
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$ |
134,725 |
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$ |
260,041 |
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$ |
234,219 |
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$ |
(82,920) |
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$ |
(90,378) |
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| Net income (loss) |
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$ |
(55,241) |
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$ |
(41,028) |
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$ |
116,120 |
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$ |
83,356 |
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$ |
193,972 |
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$ |
183,197 |
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$ |
(136,639) |
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$ |
(135,185) |
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Net income (loss) attributable to common stockholders of Live Nation |
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$ |
(52,444) |
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$ |
(33,906) |
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$ |
103,355 |
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$ |
69,359 |
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$ |
178,925 |
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$ |
172,683 |
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$ |
(159,947) |
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$ |
(147,887) |
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Basic net income (loss) available to common stockholders of Live Nation |
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$ |
(64,756) |
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$ |
(50,291) |
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$ |
89,840 |
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$ |
52,187 |
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$ |
155,345 |
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$ |
151,894 |
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$ |
(185,311) |
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$ |
(171,441) |
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Diluted net income (loss) available to common stockholders of Live Nation |
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$ |
(64,756) |
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$ |
(50,291) |
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$ |
89,926 |
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$ |
52,187 |
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$ |
155,345 |
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$ |
152,213 |
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$ |
(185,311) |
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$ |
(171,441) |
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Basic net income (loss) per common share available to common stockholders of Live Nation |
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$ |
(0.31) |
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$ |
(0.24) |
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$ |
0.43 |
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$ |
0.25 |
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$ |
0.74 |
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$ |
0.73 |
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$ |
(0.88) |
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$ |
(0.82) |
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Diluted net income (loss) per common share available to common stockholders of Live Nation |
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$ |
(0.31) |
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$ |
(0.24) |
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$ |
0.41 |
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$ |
0.24 |
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$ |
0.71 |
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$ |
0.70 |
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$ |
(0.88) |
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$ |
(0.82) |
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The following summarizes unusual or infrequent items affecting the quarterly results of operations:
2019
We recorded impairment charges of $19.4 million in the third quarter of 2019 primarily related to intangible assets for revenue-generating contracts in the Concerts and Sponsorship & Advertising segments. See Note 2—Long-Lived Assets and Note 6—Fair Value Measurements for further discussion.
2018
We recorded a goodwill impairment of $10.5 million in the fourth quarter of 2018 in connection with our annual impairment test. See Note 2—Long-Lived Assets and Note 6—Fair Value Measurements for further discussion.
We recorded a net foreign exchange rate loss of $8.4 million in the second quarter of 2018, as a component of other expense (income), net.
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