Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenue $ 2,818,693 $ 2,179,258 $ 4,231,874 $ 3,386,974
Operating expenses:        
Direct operating expenses 2,142,874 1,605,688 3,068,374 2,389,891
Selling, general and administrative expenses 434,385 374,826 817,693 712,040
Depreciation and amortization 95,870 95,424 196,465 190,379
Loss (gain) on disposal of operating assets 115 (279) (544) (254)
Corporate expenses 32,016 29,440 57,819 54,049
Operating income (loss) 113,433 74,159 92,067 40,869
Interest expense 27,927 25,284 53,937 50,716
Interest income (1,031) (650) (1,976) (1,206)
Equity in losses (earnings) of nonconsolidated affiliates (536) 305 (2,876) (287)
Other expense (income), net (3,466) 7,353 (6,308) (1,194)
Income (loss) before income taxes 90,539 41,867 49,290 (7,160)
Income tax expense 9,984 5,406 16,505 12,333
Net income (loss) 80,555 36,461 32,785 (19,493)
Net loss attributable to noncontrolling interests (923) (1,280) (15,700) (12,716)
Net income (loss) attributable to common stockholders of Live Nation $ 81,478 $ 37,741 $ 48,485 $ (6,777)
Basic net income (loss) per common share available to common stockholders of Live Nation $ 0.31 $ 0.13 $ 0.08 $ (0.16)
Diluted net income (loss) per common share available to common stockholders of Live Nation $ 0.29 $ 0.13 $ 0.08 $ (0.16)
Weighted average common shares outstanding:        
Basic (in shares) 204,688,374 201,896,009 204,212,281 201,796,075
Diluted (in shares) 213,879,152 208,601,733 213,119,962 201,796,075
Reconciliation to net income (loss) available to common stockholders of Live Nation:        
Net income (loss) attributable to common stockholders of Live Nation $ 81,478 $ 37,741 $ 48,485 $ (6,777)
Accretion of redeemable noncontrolling interests (18,837) (11,292) (31,414) (24,628)
Basic and diluted net income (loss) available to common stockholders of Live Nation $ 62,641 $ 26,449 $ 17,071 $ (31,405)