Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA Segment Data (Tables)

v3.2.0.727
SEGMENT DATA Segment Data (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Results of Operations Related to Reportable Segments of the Entity
The following table presents the results of operations for the Company’s reportable segments for the three and six months ended June 30, 2015 and 2014:
 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Three Months Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,268,382

 
$
360,197

 
$
87,835

 
$
81,071

 
$
791

 
$

 
$
(32,499
)
 
$
1,765,777

Direct operating expenses
1,075,507

 
171,045

 
53,806

 
10,717

 

 

 
(31,976
)
 
1,279,099

Selling, general and administrative expenses
157,348

 
116,741

 
38,478

 
13,856

 
416

 

 

 
326,839

Depreciation and amortization
40,033

 
35,561

 
10,756

 
2,225

 
13

 
506

 
(523
)
 
88,571

Loss (gain) on disposal of operating assets
(55
)
 
(30
)
 

 

 

 
9

 

 
(76
)
Corporate expenses

 

 

 

 

 
26,342

 

 
26,342

Acquisition transaction expenses
1,341

 
286

 
1,104

 

 

 
26

 

 
2,757

Operating income (loss)
$
(5,792
)
 
$
36,594

 
$
(16,309
)
 
$
54,273

 
$
362

 
$
(26,883
)
 
$

 
$
42,245

Intersegment revenue
$
30,572

 
$
460

 
$
1,467

 
$

 
$

 
$

 
$
(32,499
)
 
$

Three Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,172,166

 
$
371,000

 
$
79,162

 
$
70,903

 
$
839

 
$

 
$
(28,285
)
 
$
1,665,785

Direct operating expenses
969,991

 
183,269

 
47,242

 
9,995

 
1,590

 

 
(27,391
)
 
1,184,696

Selling, general and administrative expenses
166,890

 
111,882

 
34,029

 
12,244

 
880

 

 

 
325,925

 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Depreciation and amortization
26,189

 
40,968

 
7,665

 
1,739

 
10

 
542

 
(894
)
 
76,219

Loss (gain) on disposal of operating assets
(3,745
)
 
(43
)
 
1

 

 


 

 

 
(3,787
)
Corporate expenses

 

 

 

 


 
25,717

 

 
25,717

Acquisition transaction expenses
456

 
58

 
(265
)
 

 


 
1,080

 

 
1,329

Operating income (loss)
$
12,385

 
$
34,866

 
$
(9,510
)
 
$
46,925

 
$
(1,641
)
 
$
(27,339
)
 
$

 
$
55,686

Intersegment revenue
$
25,604

 
$
187

 
$
2,494

 
$

 
$

 
$

 
$
(28,285
)
 
$

Six Months Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,891,616

 
$
735,827

 
$
165,780

 
$
133,168

 
$
1,584

 
$

 
$
(41,886
)
 
$
2,886,089

Direct operating expenses
1,561,479

 
356,737

 
100,636

 
21,345

 
1,068

 

 
(40,877
)
 
2,000,388

Selling, general and administrative expenses
308,338

 
229,154

 
75,692

 
26,950

 
1,250

 

 

 
641,384

Depreciation and amortization
69,214

 
78,857

 
20,791

 
4,213

 
24

 
1,022

 
(1,009
)
 
173,112

Loss (gain) on disposal of operating assets
171

 
(179
)
 

 

 

 
(29
)
 

 
(37
)
Corporate expenses

 

 

 

 

 
50,702

 

 
50,702

Acquisition transaction expenses
775

 
433

 
1,110

 

 

 
(88
)
 

 
2,230

Operating income (loss)
$
(48,361
)
 
$
70,825

 
$
(32,449
)
 
$
80,660

 
$
(758
)
 
$
(51,607
)
 
$

 
$
18,310

Intersegment revenue
$
39,311

 
$
460

 
$
2,115

 
$

 
$

 
$

 
$
(41,886
)
 
$

Capital expenditures
$
18,880

 
$
42,117

 
$
868

 
$
1,721

 
$
(13
)
 
$
438

 
$

 
$
64,011

 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Six Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,834,656

 
$
725,461

 
$
151,718

 
$
116,291

 
$
1,585

 
$

 
$
(36,610
)
 
$
2,793,101

Direct operating expenses
1,487,146

 
355,860

 
89,318

 
18,059

 
681

 

 
(35,217
)
 
1,915,847

Selling, general and administrative expenses
316,806

 
225,902

 
59,822

 
24,165

 
1,635

 

 

 
628,330

Depreciation and amortization
54,709

 
86,951

 
15,436

 
1,943

 
20

 
1,141

 
(1,393
)
 
158,807

Loss (gain) on disposal of operating assets
(3,235
)
 
(117
)
 
34

 

 

 
37

 

 
(3,281
)
Corporate expenses

 

 

 

 

 
46,891

 

 
46,891

Acquisition transaction expenses
783

 
63

 
188

 

 

 
2,095

 

 
3,129

Operating income (loss)
$
(21,553
)
 
$
56,802

 
$
(13,080
)
 
$
72,124

 
$
(751
)
 
$
(50,164
)
 
$

 
$
43,378

Intersegment revenue
$
33,034

 
$
460

 
$
3,116

 
$

 
$

 
$

 
$
(36,610
)
 
$

Capital expenditures
$
18,306

 
$
37,438

 
$
943

 
$
449

 
$

 
$
5,271

 
$

 
$
62,407