Live Nation Entertainment Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)

12 Months Ended

Dec. 31, 2011

The following table presents the results of operations for the Company's reportable segments for the years ending December 31, 2011, 2010 and 2009:

	Concerts			Ticketing			Artist Nation			eCommerce			Sponsorship		Other			Corporate			Eliminations			Consolidated
2011	(in thousands)
Revenue	$	3,506,188		$	1,190,556		$	393,129		$	144,410		$	179,734	$	3,487		$	-		$	(33,506	)	$	5,383,998
Direct operating expenses		2,946,410			560,655			260,884			22,804			33,171		(1,839	)		-			(32,597	)		3,789,488
Selling, general and administrative expenses		535,500			364,043			113,199			70,697			26,411		2,119			-			-			1,111,969
Depreciation and amortization		132,441			147,443			50,412			10,628			483		54			2,466			(909	)		343,018
Loss (gain) on sale of operating assets		(880	)		(101	)		1,264			5			-		689			1			-			978
Corporate expenses		-			-			-			-			-		-			112,157			-			112,157
Acquisition transaction expenses		(2,286	)		1,314			(7,758	)		-			-		-			16,781			-			8,051
Operating income (loss)	$	(104,997	)	$	117,202		$	(24,872	)	$	40,276		$	119,669	$	2,464		$	(131,405	)	$	-		$	18,337
Intersegment revenue	$	18,387		$	5,045		$	8,622		$	1,452		$	-	$	-		$	-		$	(33,506	)	$	-
Capital expenditures	$	21,436		$	71,300		$	4,916		$	6,822		$	4,094	$	-		$	3,476		$	-		$	112,044

2010
Revenue	$	3,438,350		$	1,039,886		$	362,159		$	87,858		$	161,742	$	4,324		$	(333	)	$	(30,238	)	$	5,063,748
Direct operating expenses		2,910,334			502,375			233,016			11,093			28,355		-			1,502			(28,365	)		3,658,310
Selling, general and administrative expenses		524,672			325,664			93,995			41,520			25,939		2,701			-			-			1,014,491
Depreciation and amortization		139,129			131,533			41,520			7,474			255		1,362			2,266			(1,873	)		321,666
Loss (gain) on sale of operating assets		(4,848	)		5,186			20			-			6		6			4			-			374
Corporate expenses		-			-			-			-			-		-			110,252			-			110,252
Acquisition transaction expenses		(2,424	)		780			6,277			-			-		-			17,722			-			22,355
Operating income (loss)	$	(128,513	)	$	74,348		$	(12,669	)	$	27,771		$	107,187	$	255		$	(132,079	)	$	-		$	(63,700	)
Intersegment revenue	$	15,709		$	1,167		$	13,362		$	-		$	-	$	-		$	-		$	(30,238	)	$	-
Capital expenditures	$	19,736		$	43,099		$	996		$	2,445		$	67	$	306		$	7,189		$	-		$	73,838

2009
Revenue	$	3,704,322		$	61,622		$	251,499		$	16,205		$	161,042	$	4,859		$	-		$	(18,528	)	$	4,181,021
Direct operating expenses		3,102,212			24,056			202,281			3,228			44,917		(170	)		(751	)		(18,528	)		3,357,245
Selling, general and administrative expenses		510,975			28,381			36,692			17,440			20,179		4,042			-			-			617,709
Depreciation and amortization		129,742			10,275			9,963			5,240			341		276			2,281			-			158,118
Goodwill impairment		9,085			-			-			-			-		-			-			-			9,085
Loss (gain) on sale of operating assets		(2,969	)		5			9			-			-		(30	)		2			-			(2,983	)
Corporate expenses		-			-			-			-			-		-			58,160			-			58,160
Acquisition transaction expenses		1,117			-			-			-			-		50			34,876			-			36,043
Operating income (loss)	$	(45,840	)	$	(1,095	)	$	2,554		$	(9,703	)	$	95,605	$	691		$	(94,568	)	$	-		$	(52,356	)
Intersegment revenue	$	-		$	-		$	18,528		$	-		$	-	$	-		$	-		$	(18,528	)	$	-
Capital expenditures	$	37,047		$	7,690		$	345		$	2,956		$	320	$	998		$	1,801		$	-		$	51,157

Revenue and Long-lived Assets by Geographic Region

The following table provides revenue and long-lived assets for the Company's foreign operations included in the consolidated amounts above:

	United Kingdom Operations		Other Foreign Operations		Total Foreign Operations		Total Domestic Operations		Consolidated Total
	(in thousands)
2011
Revenue	$	686,982	$	1,387,295	$	2,074,277	$	3,309,721	$	5,383,998
Long-lived assets	$	85,614	$	99,459	$	185,073	$	535,063	$	720,136

2010
Revenue	$	575,985	$	1,044,288	$	1,620,273	$	3,443,475	$	5,063,748
Long-lived assets	$	73,634	$	82,624	$	156,258	$	580,806	$	737,064

2009
Revenue	$	535,795	$	918,795	$	1,454,590	$	2,726,431	$	4,181,021
Long-lived assets	$	84,235	$	113,174	$	197,409	$	552,575	$	749,984

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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