Live Nation Entertainment Quarterly report pursuant to Section 13 or 15(d)

LEASES Leases (Tables)

3 Months Ended

Mar. 31, 2019

The significant components of operating lease expense are as follows:



	Three Months Ended March 31, 2019
	(in thousands)
Operating lease cost	$	46,729
Variable and short-term lease cost	13,765
Sublease income	(3,741		)
Net lease cost	$	56,753

Supplemental cash flow information for our operating leases is as follows:



	Three Months Ended March 31, 2019
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	48,940
Lease assets obtained in exchange for lease obligations	$	27,872

Future maturities of our operating lease liabilities at March 31, 2019 are as follows:



	(in thousands)
April 1 - December 31, 2019	$	120,219
2020	168,770
2021	147,980
2022	145,247
2023	137,072
Thereafter	1,052,820
Total lease payments	1,772,108
Less: Interest	587,976
Present value of lease liabilities	$	1,184,132

The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:



	March 31, 2019
Weighted average remaining lease term (in years)	13.5
Weighted average discount rate	5.76	%