Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 1,001,055 $ 844,253
Accounts receivable, less allowance of $19,794 in 2012 and $16,986 in 2011 415,790 389,346
Prepaid expenses 359,936 316,491
Other current assets 36,031 26,700
Total current assets 1,812,812 1,576,790
Property, plant and equipment    
Land, buildings and improvements 852,175 851,812
Computer equipment and capitalized software 338,919 261,475
Furniture and other equipment 200,743 172,250
Construction in progress 56,822 60,652
Property, plant and equipment, gross 1,448,659 1,346,189
Less accumulated depreciation 726,873 626,053
Property, plant and equipment, net 721,786 720,136
Intangible assets    
Definite-lived intangible assets, net 724,463 873,712
Indefinite-lived intangible assets 377,463 377,160
Goodwill 1,357,827 1,257,644
Investments in nonconsolidated affiliates 46,160 55,796
Other long-term assets 250,295 216,106
Total assets 5,290,806 5,077,344
Current liabilities    
Accounts payable, client accounts 557,953 473,956
Accounts payable 102,718 87,627
Accrued expenses 626,723 579,566
Deferred revenue 402,002 273,536
Current portion of long-term debt 62,050 52,632
Other current liabilities 16,726 25,236
Total current liabilities 1,768,172 1,492,553
Long-term debt, net 1,677,955 1,652,629
Long-term deferred income taxes 199,596 186,298
Other long-term liabilities 94,409 120,693
Commitments and contingent liabilities      
Redeemable noncontrolling interests 42,100 8,277
Stockholders' equity    
Preferred stock - Series A Junior Participating, $.01 par value; 20,000,000 shares authorized; no shares issued and outstanding 0 0
Preferred stock, $.01 par value; 30,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $.01 par value; 450,000,000 shares authorized; 190,853,380 and 189,536,279 shares issued and outstanding in 2012 and 2011, respectively 1,877 1,868
Additional paid-in capital 2,272,882 2,243,587
Accumulated deficit (908,418) (745,191)
Cost of shares held in treasury (578,570 shares in 2011) 0 (2,787)
Accumulated other comprehensive loss (10,923) (36,374)
Total Live Nation Entertainment, Inc. stockholders' equity 1,355,418 1,461,103
Noncontrolling interests 153,156 155,791
Total stockholders' equity 1,508,574 1,616,894
Total liabilities and stockholders' equity $ 5,290,806 $ 5,077,344