Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA Segment Data (Tables)

v3.3.0.814
SEGMENT DATA Segment Data (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2015 and 2014:
 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,991,909

 
$
426,177

 
$
136,675

 
$
126,576

 
$
793

 
$

 
$
(59,213
)
 
$
2,622,917

Direct operating expenses
1,722,880

 
210,022

 
83,171

 
16,978

 

 

 
(58,729
)
 
1,974,322

Selling, general and administrative expenses
185,729

 
119,842

 
41,814

 
14,190

 
400

 

 

 
361,975

Depreciation and amortization
36,075

 
46,533

 
13,152

 
2,525

 
12

 
1,241

 
(484
)
 
99,054

Loss (gain) on disposal of operating assets
250

 
188

 
187

 

 

 

 

 
625

Corporate expenses

 

 

 

 

 
29,988

 

 
29,988

Acquisition transaction expenses
2,334

 
587

 
324

 

 

 
198

 

 
3,443

Operating income (loss)
$
44,641

 
$
49,005

 
$
(1,973
)
 
$
92,883

 
$
381

 
$
(31,427
)
 
$

 
$
153,510

Intersegment revenue
$
52,522

 
$
690

 
$
6,001

 
$

 
$

 
$

 
$
(59,213
)
 
$

Three Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
Revenue
$
1,925,462

 
$
386,131

 
$
130,935

 
$
114,614

 
$
792

 
$

 
$
(55,926
)
 
$
2,502,008

Direct operating expenses
1,658,028

 
187,548

 
75,642

 
13,534

 
(2,473
)
 

 
(55,760
)
 
1,876,519

Selling, general and administrative expenses
186,415

 
113,483

 
35,400

 
13,098

 
1,280

 

 

 
349,676

Depreciation and amortization
30,155

 
55,521

 
10,498

 
1,264

 
11

 
642

 
(166
)
 
97,925

Loss (gain) on disposal of operating assets
(112
)
 
(1,584
)
 

 

 

 

 

 
(1,696
)
Corporate expenses

 

 

 

 

 
26,647

 

 
26,647

Acquisition transaction expenses
1,109

 
695

 
247

 

 

 
282

 

 
2,333

Operating income (loss)
$
49,867

 
$
30,468

 
$
9,148

 
$
86,718

 
$
1,974

 
$
(27,571
)
 
$

 
$
150,604

Intersegment revenue
$
48,737

 
$
690

 
$
6,499

 
$

 
$

 
$

 
$
(55,926
)
 
$

Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
3,883,525

 
$
1,162,004

 
$
302,455

 
$
259,744

 
$
2,377

 
$

 
$
(101,099
)
 
$
5,509,006

 
Concerts
 
Ticketing
 
Artist
Nation
 
Sponsorship
& Advertising
 
Other
 
Corporate
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
Direct operating expenses
3,284,359

 
566,759

 
183,807

 
38,323

 
1,068

 

 
(99,606
)
 
3,974,710

Selling, general and administrative expenses
494,067

 
348,996

 
117,506

 
41,140

 
1,650

 

 

 
1,003,359

Depreciation and amortization
105,289

 
125,390

 
33,943

 
6,738

 
36

 
2,263

 
(1,493
)
 
272,166

Loss (gain) on disposal of operating assets
421

 
9

 
187

 

 

 
(29
)
 

 
588

Corporate expenses

 

 

 

 

 
80,690

 

 
80,690

Acquisition transaction expenses
3,109

 
1,020

 
1,434

 

 

 
110

 

 
5,673

Operating income (loss)
$
(3,720
)
 
$
119,830

 
$
(34,422
)
 
$
173,543

 
$
(377
)
 
$
(83,034
)
 
$

 
$
171,820

Intersegment revenue
$
91,834

 
$
1,150

 
$
8,115

 
$

 
$

 
$

 
$
(101,099
)
 
$

Capital expenditures
$
27,055

 
$
60,413

 
$
1,538

 
$
4,138

 
$
(13
)
 
$
1,715

 
$

 
$
94,846

Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
3,760,118

 
$
1,111,592

 
$
282,653

 
$
230,905

 
$
2,377

 
$

 
$
(92,536
)
 
$
5,295,109

Direct operating expenses
3,145,174

 
543,408

 
164,960

 
31,593

 
(1,792
)
 

 
(90,977
)
 
3,792,366

Selling, general and administrative expenses
503,221

 
339,385

 
95,222

 
37,263

 
2,915

 

 

 
978,006

Depreciation and amortization
84,864

 
142,472

 
25,934

 
3,207

 
31

 
1,783

 
(1,559
)
 
256,732

Loss (gain) on disposal of operating assets
(3,347
)
 
(1,701
)
 
34

 

 

 
37

 

 
(4,977
)
Corporate expenses

 

 

 

 

 
73,538

 

 
73,538

Acquisition transaction expenses
1,892

 
758

 
435

 

 

 
2,377

 

 
5,462

Operating income (loss)
$
28,314

 
$
87,270

 
$
(3,932
)
 
$
158,842

 
$
1,223

 
$
(77,735
)
 
$

 
$
193,982

Intersegment revenue
$
81,771

 
$
1,150

 
$
9,615

 
$

 
$

 
$

 
$
(92,536
)
 
$

Capital expenditures
$
24,647

 
$
59,791

 
$
1,503

 
$
579

 
$
6

 
$
5,464

 
$

 
$
91,990