Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA Segment Data (Tables)

v3.19.3
SEGMENT DATA Segment Data (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Results of Operations Related to Reportable Segments of the Entity
The following table presents the results of operations for our reportable segments for the three and nine months ended September 30, 2019 and 2018:
Concerts Ticketing Sponsorship
& Advertising		 Other Corporate Eliminations Consolidated
(in thousands)
Three Months Ended September 30, 2019
Revenue $ 3,173,843    $ 388,458    $ 215,247    $ 791    $ —    $ (4,655)   $ 3,773,684   
Direct operating expenses 2,636,344    127,123    41,617    —    —    (4,655)   2,800,429   
Selling, general and administrative expenses 355,198    157,590    29,055    704    —    —    542,547   
Depreciation and amortization 71,247    39,562    11,332    145    4,020    —    126,306   
Loss (gain) on disposal of operating assets (320)   15    —    —    —    —    (305)  
Corporate expenses —    —    —    —    44,666    —    44,666   
Operating income (loss) $ 111,374    $ 64,168    $ 133,243    $ (58)   $ (48,686)   $ —    $ 260,041   
Intersegment revenue $ 2,092    $ 2,563    $ —    $ —    $ —    $ (4,655)   $ —   
Three Months Ended September 30, 2018
Revenue $ 3,297,257    $ 368,312    $ 171,178    $ 932    $ —    $ (2,433)   $ 3,835,246   
Direct operating expenses 2,767,949    133,050    23,191    2,599    —    (2,433)   2,924,356   
Selling, general and administrative expenses 343,250    151,064    25,325    5,015    —    —    524,654   
Depreciation and amortization 54,404    34,677    8,871    212    1,442    —    99,606   
Loss (gain) on disposal of operating assets 10,317    2    —    —    (1)   —    10,318   
Corporate expenses —    —    —    —    42,093    —    42,093   
Operating income (loss) $ 121,337    $ 49,519    $ 113,791    $ (6,894)   $ (43,534)   $ —    $ 234,219   
Intersegment revenue $ 268    $ 2,165    $ —    $ —    $ —    $ (2,433)   $ —   
Nine Months Ended September 30, 2019
Revenue $ 7,131,491    $ 1,096,865    $ 441,862    $ 2,372    $ —    $ (14,069)   $ 8,658,521   
Direct operating expenses 5,853,380    359,502    80,634    —    —    (14,069)   6,279,447   
Selling, general and administrative expenses 989,017    449,862    79,661    2,370    —    —    1,520,910   
Depreciation and amortization 176,827    116,465    24,780    404    10,568    —    329,044   
Loss (gain) on disposal of operating assets (675)   122    —    —    —    —    (553)  
Corporate expenses —    —    —    —    121,909    —    121,909   
Operating income (loss) $ 112,942    $ 170,914    $ 256,787    $ (402)   $ (132,477)   $ —    $ 407,764   
Intersegment revenue $ 5,032    $ 9,037    $ —    $ —    $ —    $ (14,069)   $ —   
Capital expenditures $ 127,818    $ 78,414    $ 5,529    $ —    $ 17,374    $ —    $ 229,135   
Concerts Ticketing Sponsorship
& Advertising		 Other Corporate Eliminations Consolidated
(in thousands)
Nine Months Ended September 30, 2018
Revenue $ 6,716,914    $ 1,091,880    $ 385,674    $ 2,886    $ —    $ (11,409)   $ 8,185,945   
Direct operating expenses 5,554,368    377,121    68,142    3,325    —    (11,409)   5,991,547   
Selling, general and administrative expenses 906,360    447,997    68,534    12,812    —    —    1,435,703   
Depreciation and amortization 146,458    103,299    23,613    599    3,293    —    277,262   
Loss (gain) on disposal of operating assets 10,452    13    —    —    (1)   —    10,464   
Corporate expenses —    —    —    —    108,055    —    108,055   
Operating income (loss) $ 99,276    $ 163,450    $ 225,385    $ (13,850)   $ (111,347)   $ —    $ 362,914   
Intersegment revenue $ 268    $ 11,141    $ —    $ —    $ —    $ (11,409)   $ —   
Capital expenditures $ 88,338    $ 71,336    $ 4,241    $ 149    $ 8,839    $ —    $ 172,903