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, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Revenue $ 6,268,447 $ 1,861,178 $ 11,547,969
Operating expenses:      
Direct operating expenses 4,355,989 1,402,400 8,467,182
Selling, general and administrative expenses 1,754,822 1,524,342 2,145,486
Depreciation and amortization 416,277 485,025 443,991
Loss (gain) on disposal of operating assets (1,211) 503 (2,373)
Corporate expenses 160,428 102,100 168,839
Operating income (loss) (417,858) (1,653,192) 324,844
Interest expense 282,440 226,832 157,521
Interest income (6,625) (11,737) (14,406)
Equity in losses (earnings) of nonconsolidated affiliates (2,520) 5,458 (5,457)
Gain (Loss) on Investments (83,578) 1,727 (1,119)
Other expense (income), net 3,692 (18,807) 3,201
Income (loss) before income taxes (611,267) (1,856,665) 185,104
Income tax expense (benefit) (2,481) (28,875) 66,892
Net income (loss) (608,786) (1,827,790) 118,212
Net income (loss) attributable to noncontrolling interests 42,118 (103,255) 48,323
Net income (loss) attributable to common stockholders of Live Nation $ (650,904) $ (1,724,535) $ 69,889
Basic and diluted net loss per common share available to common stockholders of Live Nation $ (3.09) $ (8.12) $ (0.02)
Weighted average common shares outstanding:      
Basic and diluted 217,190,862 212,270,944 210,082,696
Reconciliation to net loss available to common stockholders of Live Nation:      
Net income (loss) attributable to common stockholders of Live Nation $ (650,904) $ (1,724,535) $ 69,889
Accretion of redeemable noncontrolling interests (19,771) 1,180 (74,771)
Basic and diluted net loss available to common stockholders of Live Nation $ (670,675) $ (1,723,355) $ (4,882)