EQUITY (Tables)
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12 Months Ended |
Dec. 31, 2021 |
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| Equity [Abstract] |
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| Reconciliation Of Common Stock Issued |
The following table reconciles common stock reported in the consolidated statements of changes in equity to the consolidated balance sheets.
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December 31, |
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2021 |
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2020 |
| Common shares issued as reported in the consolidated statement of changes in equity |
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221,964,734 |
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214,466,988 |
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| Unissued retirement eligible restricted stock awards |
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65,625 |
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— |
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| Unvested restricted stock awards |
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860,244 |
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1,589,073 |
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| Unvested deferred stock awards issued |
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2,192,000 |
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2,367,000 |
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| Common shares issued as reported in the consolidated balance sheets |
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225,082,603 |
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218,423,061 |
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| Change in Noncontrolling Ownership Interest |
The following schedule reflects the change in ownership interests for these transactions:
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Year Ended December 31, |
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2021 |
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2020 |
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2019 |
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(in thousands) |
Net income (loss) attributable to common stockholders of Live Nation |
$ |
(650,904) |
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$ |
(1,724,535) |
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$ |
69,889 |
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| Transfers of noncontrolling interests: |
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Changes in Live Nation’s additional paid-in capital for purchases of noncontrolling interests, net of transaction costs |
(110) |
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14,336 |
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(23,878) |
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Changes in Live Nation’s additional paid-in capital for sales of noncontrolling interests, net of transaction costs |
(289) |
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(7,667) |
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— |
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| Net transfers of noncontrolling interests |
(399) |
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6,669 |
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(23,878) |
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Change from net income (loss) attributable to common stockholders of Live Nation and net transfers of noncontrolling interests |
$ |
(651,303) |
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$ |
(1,717,866) |
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$ |
46,011 |
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| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following table presents changes in the components of AOCI, net of taxes, for the years ended December 31, 2021, 2020 and 2019:
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Loss on Cash Flow Hedges |
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Foreign Currency Items |
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Total |
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(in thousands) |
| Balance at December 31, 2018 |
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$ |
— |
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$ |
(145,231) |
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$ |
(145,231) |
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| Other comprehensive loss before reclassifications |
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— |
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(482) |
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(482) |
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| Amount reclassified from AOCI |
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— |
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— |
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— |
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| Net other comprehensive loss |
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— |
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(482) |
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(482) |
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| Balance at December 31, 2019 |
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— |
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(145,713) |
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(145,713) |
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| Other comprehensive income (loss) before reclassifications |
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(36,689) |
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291 |
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(36,398) |
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| Amount reclassified from AOCI |
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5,102 |
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— |
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5,102 |
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| Net other comprehensive income (loss) |
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(31,587) |
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291 |
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(31,296) |
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| Balance at December 31, 2020 |
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(31,587) |
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(145,422) |
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(177,009) |
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| Other comprehensive income before reclassifications |
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15,204 |
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6,016 |
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21,220 |
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| Amount reclassified from AOCI |
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7,825 |
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— |
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7,825 |
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| Net other comprehensive income |
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23,029 |
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6,016 |
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29,045 |
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| Balance at December 31, 2021 |
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$ |
(8,558) |
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$ |
(139,406) |
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$ |
(147,964) |
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| Potentially Dilutive Securities Excluded From Diluted Net Income Per Common Share |
The following table shows securities excluded from the calculation of diluted net income per common share because such securities were anti-dilutive:
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Year Ended December 31, |
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2021 |
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2020 |
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2019 |
| Options to purchase shares of common stock |
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7,719,714 |
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9,323,323 |
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11,347,305 |
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| Restricted and deferred stock awards—unvested |
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3,052,244 |
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3,956,073 |
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3,655,582 |
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Conversion shares related to convertible senior notes |
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11,864,035 |
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11,014,846 |
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8,374,536 |
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Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding |
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22,635,993 |
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24,294,242 |
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23,377,423 |
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