Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 2,537,787,000 $ 2,470,362,000
Accounts receivable, less allowance of $72,904 and $50,516, respectively 486,734,000 994,606,000
Prepaid expenses 577,130,000 667,044,000
Restricted cash 8,652,000 3,880,000
Other current assets 39,465,000 57,007,000
Total current assets 3,649,768,000 4,192,899,000
Property, plant and equipment, net 1,101,414,000 1,117,932,000
Operating lease assets 1,424,223,000 1,402,019,000
Intangible assets    
Definite-lived intangible assets, net 855,600,000 870,141,000
Indefinite-lived intangible assets 369,058,000 368,954,000
Goodwill 2,129,203,000 1,998,498,000
Long-term advances 668,756,000 593,699,000
Other long-term assets 391,281,000 431,473,000
Total assets 10,589,303,000 10,975,615,000
Current liabilities    
Accounts payable, client accounts 744,096,000 1,005,888,000
Accounts payable 86,356,000 100,237,000
Accrued expenses 894,149,000 1,391,486,000
Deferred revenue 1,839,323,000 1,391,032,000
Current portion of long-term debt, net 53,415,000 37,795,000
Current portion of operating lease liabilities 107,147,000 121,950,000
Other current liabilities 72,083,000 59,211,000
Total current liabilities 3,796,569,000 4,107,599,000
Long-term debt, net 4,855,096,000 3,271,262,000
Long-term operating lease liabilities 1,445,674,000 1,374,481,000
Long-term deferred income taxes 170,759,000 178,173,000
Other long-term liabilities 182,508,000 130,648,000
Commitments and contingent liabilities
Redeemable noncontrolling interests 272,449,000 449,498,000
Stockholders’ equity    
Common stock, $0.01 par value; 450,000,000 shares authorized; 218,423,061 and 214,117,644 shares issued and 218,015,037 and 213,709,620 shares outstanding in 2020 and 2019, respectively 2,145,000 2,113,000
Additional paid-in capital 2,386,790,000 2,245,619,000
Accumulated deficit (2,676,833,000) (949,334,000)
Cost of shares held in treasury (408,024 shares) (6,865,000) (6,865,000)
Accumulated other comprehensive loss (177,009,000) (145,713,000)
Total Live Nation stockholders’ equity (471,772,000) 1,145,820,000
Noncontrolling interests 338,020,000 318,134,000
Total equity (133,752,000) 1,463,954,000
Total liabilities and equity 10,589,303,000 10,975,615,000
Series A Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock—Series A Junior Participating, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding 0 0
Preferred stock, $0.01 par value; 30,000,000 shares authorized; no shares issued and outstanding 0 0
Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock—Series A Junior Participating, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding 0 0
Preferred stock, $0.01 par value; 30,000,000 shares authorized; no shares issued and outstanding $ 0 $ 0