Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA (Tables)

v3.20.4
SEGMENT DATA (Tables)
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table presents the results of operations for our reportable segments for the years ending December 31, 2020, 2019 and 2018:
Concerts Ticketing Sponsorship
& Advertising		 Other Corporate Eliminations Consolidated
  (in thousands)
2020
Revenue $ 1,468,433  $ 188,383  $ 203,676  $ 3,233  $ —  $ (2,547) $ 1,861,178 
Direct operating expenses 1,222,997  129,433  52,517  —  —  (2,547) 1,402,400 
Selling, general and administrative expenses 937,651  501,032  75,669  9,990  —  —  1,524,342 
Depreciation and amortization 266,255  169,921  30,617  6,684  11,548  —  485,025 
Loss (gain) on disposal of operating assets 505  (1) —  (1) —  —  503 
Corporate expenses —  —  —  —  102,100  —  102,100 
Operating income (loss) $ (958,975) $ (612,002) $ 44,873  $ (13,440) $ (113,648) $ —  $ (1,653,192)
Intersegment revenue $ 712  $ 1,835  $ —  $ —  $ —  $ (2,547) $ — 
Capital expenditures $ 119,730  $ 77,018  $ 5,781  $ —  $ 6,886  $ —  $ 209,415 
2019
Revenue $ 9,428,094  $ 1,545,189  $ 590,274  $ 3,162  $ —  $ (18,750) $ 11,547,969 
Direct operating expenses 7,857,437  514,169  114,326  —  —  (18,750) 8,467,182 
Selling, general and administrative expenses 1,386,928  642,052  112,594  3,912  —  —  2,145,486 
Depreciation and amortization 239,682  156,894  33,084  364  13,967  —  443,991 
Loss (gain) on disposal of operating assets (2,490) 116  —  —  1  —  (2,373)
Corporate expenses —  —  —  —  168,839  —  168,839 
Operating income (loss) $ (53,463) $ 231,958  $ 330,270  $ (1,114) $ (182,807) $ —  $ 324,844 
Intersegment revenue $ 6,672  $ 12,078  $ —  $ —  $ —  $ (18,750) $ — 
Capital expenditures $ 186,819  $ 105,246  $ 10,261  $ —  $ 35,252  $ —  $ 337,578 
2018
Revenue $ 8,770,031  $ 1,529,566  $ 503,968  $ 3,724  $ —  $ (19,489) $ 10,787,800 
Direct operating expenses 7,340,757  549,265  92,494  4,905  —  (19,489) 7,967,932 
Selling, general and administrative expenses 1,248,346  634,829  97,540  16,313  —  —  1,997,028 
Depreciation and amortization 206,772  143,551  30,779  817  4,610  —  386,529 
Loss (gain) on disposal of operating assets 10,361  7  2  —  (1) —  10,369 
Corporate expenses —  —  —  —  153,406  —  153,406 
Operating income (loss) $ (36,205) $ 201,914  $ 283,153  $ (18,311) $ (158,015) $ —  $ 272,536 
Intersegment revenue $ 5,193  $ 14,296  $ —  $ —  $ —  $ (19,489) $ — 
Capital expenditures $ 129,129  $ 110,202  $ 7,541  $ 169  $ 15,273  $ —  $ 262,314 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
The following table provides revenue and long-lived assets for our foreign operations included in the consolidated financial statements:
United Kingdom Operations Other Foreign Operations Total Foreign Operations Total Domestic Operations Consolidated Total
(in thousands)
2020
Revenue $ 194,177  $ 472,364  $ 666,541  $ 1,194,637  $ 1,861,178 
Long-lived assets $ 91,192  $ 184,679  $ 275,871  $ 825,543  $ 1,101,414 
2019
Revenue $ 838,940  $ 3,076,486  $ 3,915,426  $ 7,632,543  $ 11,547,969 
Long-lived assets $ 77,084  $ 186,265  $ 263,349  $ 854,583  $ 1,117,932 
2018
Revenue $ 793,596  $ 2,867,626  $ 3,661,222  $ 7,126,578  $ 10,787,800 
Long-lived assets $ 71,298  $ 128,001  $ 199,299  $ 747,294  $ 946,593