Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA (Tables)

v2.4.0.6
SEGMENT DATA (Tables)
12 Months Ended
Dec. 31, 2012
SEGMENT DATA [Abstract]  
Segment Data
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