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, 2012

The following table presents the results of operations for the Company's reportable segments for the years ending December 31, 2012, 2011 and 2010:

								Artist			Sponsorship
		Concerts			Ticketing			Nation			& Advertising		Other			Corporate			Eliminations			Consolidated
	(in thousands)
2012
Revenue		$	3,870,371		$	1,374,049		$	399,940		$	247,921	$	2,997		$	-		$	(76,231	)	$	5,819,047
Direct operating expenses			3,274,951			651,055			263,896			34,738		816			-			(74,179	)		4,151,277
Selling, general and administrative expenses			569,570			434,310			99,786			38,198		1,768			-			-			1,143,632
Depreciation and amortization			145,552			165,947			115,696			1,187		398			2,829			(2,052	)		429,557
Loss (gain) on sale of operating assets			(453	)		(225	)		(42	)		-		206			-			-			(514	)
Corporate expenses			-			-			-			-		-			113,364			-			113,364
Acquisition transaction expenses			847			153			1,163			-		-			1,207			-			3,370
Operating income (loss)		$	(120,096	)	$	122,809		$	(80,559	)	$	173,798	$	(191	)	$	(117,400	)	$	-		$	(21,639	)
Intersegment revenue		$	65,559		$	2,771		$	7,901		$	-	$	-		$	-		$	(76,231	)	$	-
Capital expenditures		$	24,149		$	92,072		$	601		$	5,147	$	4		$	1,244		$	-		$	123,217

2011
Revenue		$	3,506,188		$	1,319,343		$	393,129		$	230,791	$	3,487		$	-		$	(68,940	)	$	5,383,998
Direct operating expenses			2,946,410			618,382			260,884			33,682		(1,839	)		-			(68,031	)		3,789,488
Selling, general and administrative expenses			535,500			428,364			113,199			32,787		2,119			-			-			1,111,969
Depreciation and amortization			132,441			158,071			50,412			483		54			2,466			(909	)		343,018
Loss (gain) on sale of operating assets			(880	)		(96	)		1,264			-		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	)	$	113,308		$	(24,872	)	$	163,839	$	2,464		$	(131,405	)	$	-		$	18,337
Intersegment revenue		$	58,866		$	1,452		$	8,622		$	-	$	-		$	-		$	(68,940	)	$	-
Capital expenditures		$	21,436		$	78,122		$	4,916		$	4,094	$	-		$	3,476		$	-		$	112,044

2010
Revenue		$	3,438,350		$	1,089,340		$	362,159		$	200,146	$	4,324		$	(333	)	$	(30,238	)	$	5,063,748
Direct operating expenses			2,910,334			513,311			233,016			28,512		-			1,502			(28,365	)		3,658,310
Selling, general and administrative expenses			524,672			362,416			93,995			30,707		2,701			-			-			1,014,491
Depreciation and amortization			139,129			139,007			41,520			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	)	$	68,640		$	(12,669	)	$	140,666	$	255		$	(132,079	)	$	-		$	(63,700	)
Intersegment revenue		$	16,876		$	-		$	13,362		$	-	$	-		$	-		$	(30,238	)	$	-
Capital expenditures		$	19,736		$	45,544		$	996		$	67	$	306		$	7,189		$	-		$	73,838

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 financial statements:

	United		Other		Total		Total
	Kingdom		Foreign		Foreign		Domestic		Consolidated
	Operations		Operations		Operations		Operations		Total
	(in thousands)
2012
Revenue	$	711,989	$	1,368,768	$	2,080,757	$	3,738,290	$	5,819,047
Long-lived assets	$	87,790	$	102,706	$	190,496	$	531,290	$	721,786

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

- 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.

+ References + Details

- 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.

+ References + Details