Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 7,094,200,000 $ 6,095,424,000
Accounts receivable, less allowance of $73,912 and $72,663, respectively 2,009,055,000 1,747,316,000
Prepaid expenses 1,453,732,000 1,247,184,000
Other current assets 417,405,000 200,213,000
Total current assets 10,974,392,000 9,290,137,000
Property, plant and equipment, net 3,415,771,000 2,441,872,000
Operating lease assets 1,869,753,000 1,618,033,000
Intangible assets    
Definite-lived intangible assets, net 1,078,453,000 985,812,000
Indefinite-lived intangible assets, net 369,015,000 380,558,000
Goodwill 2,889,178,000 2,620,911,000
Long-term advances 631,071,000 520,482,000
Other long-term assets 1,684,900,000 1,780,966,000
Total assets 22,912,533,000 19,638,771,000
Current liabilities    
Accounts payable, client accounts 1,941,389,000 1,859,678,000
Accrued expenses and accounts payable 3,555,811,000 3,300,312,000
Deferred revenue 4,461,959,000 3,721,092,000
Long-Term Debt and Lease Obligation, Current 587,630,000 260,901,000
Other current liabilities 482,061,000 216,297,000
Total current liabilities 11,028,850,000 9,358,279,000
Long-term debt, net 7,612,018,000 6,177,168,000
Operating Lease, Liability, Noncurrent 2,036,974,000 1,680,266,000
Other long-term liabilities 415,844,000 477,763,000
Commitments and Contingencies
Redeemable noncontrolling interests 924,472,000 1,126,302,000
Stockholders' equity    
Common stock, $0.01 par value; 450,000,000 shares authorized; 235,995,577 and 234,771,759 shares issued and 235,421,446 and 234,363,735 shares outstanding in 2025 and 2024, respectively 2,328,000 2,313,000
Additional paid-in capital 1,455,925,000 2,059,746,000
Accumulated deficit (1,041,978,000) (1,546,819,000)
Cost of shares held in treasury (30,396,000) (6,865,000)
Accumulated other comprehensive loss (114,872,000) (335,112,000)
Total Live Nation stockholders' equity 271,007,000 173,263,000
Noncontrolling interests 623,368,000 645,730,000
Total equity 894,375,000 818,993,000
Total liabilities and equity 22,912,533,000 19,638,771,000
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