Segment Data |
The Company manages its working capital on a consolidated basis. Accordingly, segment assets are not reported to, or used by, the Company's management to allocate resources to or assess performance of the segments, and therefore, total segment assets have not been disclosed.
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Artist |
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Concerts |
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Ticketing |
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Nation |
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eCommerce |
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Sponsorship |
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Other |
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Corporate |
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Eliminations |
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Consolidated |
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(in thousands) |
|
Three Months Ended June 30, 2011 |
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|
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Revenue |
|
$ |
1,082,229 |
|
|
$ |
283,828 |
|
|
$ |
118,430 |
|
|
$ |
37,369 |
|
|
$ |
49,627 |
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|
$ |
807 |
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|
$ |
1 |
|
|
$ |
(13,409 |
) |
|
$ |
1,558,882 |
|
Direct operating expenses |
|
|
921,480 |
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|
134,291 |
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|
|
81,386 |
|
|
|
6,242 |
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|
|
9,669 |
|
|
|
- |
|
|
|
(1,713 |
) |
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|
(13,204 |
) |
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|
1,138,151 |
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Selling, general and administrative expenses |
|
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142,315 |
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|
78,855 |
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|
21,609 |
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|
16,032 |
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7,481 |
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|
503 |
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|
|
- |
|
|
|
- |
|
|
|
266,795 |
|
Depreciation and amortization |
|
|
28,302 |
|
|
|
31,976 |
|
|
|
13,131 |
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|
|
3,177 |
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|
|
89 |
|
|
|
13 |
|
|
|
444 |
|
|
|
(205 |
) |
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|
76,927 |
|
Loss (gain) on sale of operating assets |
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|
(678 |
) |
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|
(76 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
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|
94 |
|
|
|
- |
|
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|
- |
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(660 |
) |
Corporate expenses |
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|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
24,590 |
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|
- |
|
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|
24,590 |
|
Acquisition transaction expenses |
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(1,261 |
) |
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|
682 |
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|
|
(2,774 |
) |
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|
- |
|
|
|
- |
|
|
|
- |
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|
4,059 |
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|
- |
|
|
|
706 |
|
Operating income (loss) |
|
$ |
(7,929 |
) |
|
$ |
38,100 |
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$ |
5,078 |
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|
$ |
11,918 |
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|
$ |
32,388 |
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$ |
197 |
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$ |
(27,379 |
) |
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$ |
- |
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$ |
52,373 |
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Intersegment revenue |
|
$ |
7,351 |
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$ |
- |
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$ |
5,718 |
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|
$ |
340 |
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$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(13,409 |
) |
|
$ |
- |
|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
|
|
|
|
|
|
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|
Three Months Ended June 30, 2010 |
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Revenue |
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$ |
859,511 |
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$ |
264,421 |
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$ |
88,672 |
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$ |
18,895 |
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|
$ |
38,825 |
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|
$ |
974 |
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$ |
- |
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$ |
(4,563 |
) |
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$ |
1,266,735 |
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Direct operating expenses |
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|
706,079 |
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|
128,910 |
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|
55,907 |
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|
|
4,128 |
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|
5,902 |
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|
- |
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(1,124 |
) |
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(3,519 |
) |
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|
896,283 |
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Selling, general and administrative expenses |
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|
131,257 |
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|
77,016 |
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|
25,476 |
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|
12,190 |
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|
|
6,445 |
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|
|
515 |
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|
|
- |
|
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|
- |
|
|
|
252,899 |
|
Depreciation and amortization |
|
|
21,753 |
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|
|
32,125 |
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|
|
10,426 |
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|
|
431 |
|
|
|
62 |
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|
8 |
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|
|
547 |
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|
|
(1,044 |
) |
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|
64,308 |
|
Loss (gain) on sale of operating assets |
|
|
(1,282 |
) |
|
|
646 |
|
|
|
(1 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
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|
(637 |
) |
Corporate expenses |
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|
- |
|
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|
- |
|
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|
- |
|
|
|
- |
|
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|
- |
|
|
|
- |
|
|
|
21,882 |
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|
|
- |
|
|
|
21,882 |
|
Acquisition transaction expenses |
|
|
161 |
|
|
|
- |
|
|
|
4,734 |
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|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,499 |
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|
|
- |
|
|
|
6,394 |
|
Operating income (loss) |
|
$ |
1,543 |
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|
$ |
25,724 |
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|
$ |
(7,870 |
) |
|
$ |
2,146 |
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|
$ |
26,416 |
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$ |
451 |
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|
$ |
(22,804 |
) |
|
$ |
- |
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$ |
25,606 |
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Intersegment revenue |
|
$ |
1,459 |
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|
$ |
365 |
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|
$ |
2,739 |
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$ |
- |
|
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$ |
- |
|
|
$ |
- |
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|
$ |
- |
|
|
$ |
(4,563 |
) |
|
$ |
- |
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|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2011 |
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|
|
|
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Revenue |
|
$ |
1,531,499 |
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|
$ |
580,165 |
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|
$ |
172,566 |
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|
$ |
66,816 |
|
|
$ |
74,423 |
|
|
$ |
1,606 |
|
|
$ |
333 |
|
|
$ |
(19,117 |
) |
|
$ |
2,408,291 |
|
Direct operating expenses |
|
|
1,287,634 |
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|
|
274,175 |
|
|
|
116,267 |
|
|
|
11,049 |
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|
|
15,864 |
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|
|
- |
|
|
|
(1,002 |
) |
|
|
(18,712 |
) |
|
|
1,685,275 |
|
Selling, general and administrative expenses |
|
|
268,616 |
|
|
|
155,965 |
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|
|
68,915 |
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|
|
30,031 |
|
|
|
15,177 |
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|
|
1,060 |
|
|
|
- |
|
|
|
- |
|
|
|
539,764 |
|
Depreciation and amortization |
|
|
54,715 |
|
|
|
66,940 |
|
|
|
26,612 |
|
|
|
5,465 |
|
|
|
188 |
|
|
|
27 |
|
|
|
866 |
|
|
|
(405 |
) |
|
|
154,408 |
|
Loss (gain) on sale of operating assets |
|
|
(690 |
) |
|
|
(91 |
) |
|
|
1,241 |
|
|
|
5 |
|
|
|
- |
|
|
|
170 |
|
|
|
- |
|
|
|
- |
|
|
|
635 |
|
Corporate expenses |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
45,626 |
|
|
|
- |
|
|
|
45,626 |
|
Acquisition transaction expenses |
|
|
(6,115 |
) |
|
|
951 |
|
|
|
(2,182 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
9,717 |
|
|
|
- |
|
|
|
2,371 |
|
Operating income (loss) |
|
$ |
(72,661 |
) |
|
$ |
82,225 |
|
|
$ |
(38,287 |
) |
|
$ |
20,266 |
|
|
$ |
43,194 |
|
|
$ |
349 |
|
|
$ |
(54,874 |
) |
|
$ |
- |
|
|
$ |
(19,788 |
) |
Intersegment revenue |
|
$ |
7,812 |
|
|
$ |
3,703 |
|
|
$ |
6,972 |
|
|
$ |
630 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(19,117 |
) |
|
$ |
- |
|
Capital expenditures |
|
$ |
10,852 |
|
|
$ |
24,752 |
|
|
$ |
2,294 |
|
|
$ |
2,763 |
|
|
$ |
92 |
|
|
$ |
- |
|
|
$ |
3,895 |
|
|
$ |
- |
|
|
$ |
44,648 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
1,267,620 |
|
|
$ |
473,547 |
|
|
$ |
158,268 |
|
|
$ |
36,979 |
|
|
$ |
60,062 |
|
|
$ |
1,914 |
|
|
$ |
- |
|
|
$ |
(8,294 |
) |
|
$ |
1,990,096 |
|
Direct operating expenses |
|
|
1,033,855 |
|
|
|
231,567 |
|
|
|
105,231 |
|
|
|
6,378 |
|
|
|
12,036 |
|
|
|
- |
|
|
|
(778 |
) |
|
|
(7,250 |
) |
|
|
1,381,039 |
|
Selling, general and administrative expenses |
|
|
256,104 |
|
|
|
146,577 |
|
|
|
46,603 |
|
|
|
20,580 |
|
|
|
13,364 |
|
|
|
1,267 |
|
|
|
- |
|
|
|
- |
|
|
|
484,495 |
|
Depreciation and amortization |
|
|
50,156 |
|
|
|
55,675 |
|
|
|
17,662 |
|
|
|
3,084 |
|
|
|
121 |
|
|
|
13 |
|
|
|
1,274 |
|
|
|
(1,044 |
) |
|
|
126,941 |
|
Loss (gain) on sale of |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
operating assets |
|
|
(1,269 |
) |
|
|
5,205 |
|
|
|
(1 |
) |
|
|
- |
|
|
|
6 |
|
|
|
(7 |
) |
|
|
- |
|
|
|
- |
|
|
|
3,934 |
|
Corporate expenses |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
59,006 |
|
|
|
- |
|
|
|
59,006 |
|
Acquisition transaction expenses |
|
|
145 |
|
|
|
- |
|
|
|
4,734 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
10,532 |
|
|
|
- |
|
|
|
15,411 |
|
Operating income (loss) |
|
$ |
(71,371 |
) |
|
$ |
34,523 |
|
|
$ |
(15,961 |
) |
|
$ |
6,937 |
|
|
$ |
34,535 |
|
|
$ |
641 |
|
|
$ |
(70,034 |
) |
|
$ |
- |
|
|
$ |
(80,730 |
) |
Intersegment revenue |
|
$ |
3,957 |
|
|
$ |
365 |
|
|
$ |
3,962 |
|
|
$ |
- |
|
|
$ |
10 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(8,294 |
) |
|
$ |
- |
|
Capital expenditures |
|
$ |
10,061 |
|
|
$ |
16,880 |
|
|
$ |
95 |
|
|
$ |
726 |
|
|
$ |
48 |
|
|
$ |
175 |
|
|
$ |
1,831 |
|
|
$ |
- |
|
|
$ |
29,816 |
|
|