Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 4,884,729,000 $ 2,537,787,000
Accounts receivable, less allowance of $50,491 and $72,904, respectively 1,066,573,000 486,734,000
Prepaid expenses 654,894,000 577,130,000
Restricted cash 3,063,000 8,652,000
Other current assets 74,834,000 39,465,000
Total current assets 6,684,093,000 3,649,768,000
Property, plant and equipment, net 1,091,929,000 1,101,414,000
Operating lease assets 1,538,911,000 1,424,223,000
Intangible assets    
Definite-lived intangible assets, net 1,026,338,000 855,600,000
Indefinite-lived intangible assets 369,028,000 369,058,000
Goodwill 2,590,869,000 2,129,203,000
Long-term advances 552,697,000 668,756,000
Other long-term assets 548,453,000 391,281,000
Total assets 14,402,318,000 10,589,303,000
Current liabilities    
Accounts payable, client accounts 1,532,345,000 744,096,000
Accounts payable 110,623,000 86,356,000
Accrued expenses 1,645,906,000 894,149,000
Deferred revenue 2,774,792,000 1,839,323,000
Current portion of long-term debt, net 585,254,000 53,415,000
Current portion of operating lease liabilities 123,715,000 107,147,000
Other current liabilities 83,087,000 72,083,000
Total current liabilities 6,855,722,000 3,796,569,000
Long-term debt, net 5,145,484,000 4,855,096,000
Long-term operating lease liabilities 1,606,064,000 1,445,674,000
Long-term deferred income taxes 236,549,000 170,759,000
Other long-term liabilities 431,581,000 353,267,000
Commitments and contingent liabilities
Redeemable noncontrolling interests 551,921,000 272,449,000
Stockholders' equity    
Common stock, $0.01 par value; 450,000,000 shares authorized; 225,082,603 and 218,423,061 shares issued and 224,674,579 and 218,015,037 shares outstanding in 2021 and 2020, respectively 2,220,000 2,145,000
Additional paid-in capital 2,897,695,000 2,386,790,000
Accumulated deficit (3,327,737,000) (2,676,833,000)
Cost of shares held in treasury (6,865,000) (6,865,000)
Accumulated other comprehensive loss (147,964,000) (177,009,000)
Total Live Nation stockholders' equity (582,651,000) (471,772,000)
Noncontrolling interests 394,197,000 338,020,000
Total equity (188,454,000) (133,752,000)
Total liabilities and equity 14,402,318,000 10,589,303,000
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