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

LEASES Leases (Tables)

6 Months Ended

Jun. 30, 2019

The significant components of operating lease expense are as follows:



	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
	(in thousands)
Operating lease cost	$	49,110		$	95,839
Variable and short-term lease cost	34,064			47,829
Sublease income	(4,888		)	(8,629		)
Net lease cost	$	78,286		$	135,039

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



	Six Months Ended June 30, 2019
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	94,562
Lease assets obtained in exchange for lease obligations	$	128,175

Future maturities of our operating lease liabilities at June 30, 2019 are as follows:



	(in thousands)
July 1 - December 31, 2019	$	83,879
2020	182,103
2021	161,123
2022	154,944
2023	147,285
Thereafter	1,150,313
Total lease payments	1,879,647
Less: Interest	620,689
Present value of lease liabilities	$	1,258,958

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



	June 30, 2019
Weighted average remaining lease term (in years)	13.5
Weighted average discount rate	5.75	%