Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA Segment Data (Tables)

v3.20.2
SEGMENT DATA Segment Data (Tables)
 6 Months Ended
Jun. 30, 2020
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 six months ended June 30, 2020 and 2019:
Concerts Ticketing Sponsorship
& Advertising		 Other Corporate Eliminations Consolidated
(in thousands)
Three Months Ended June 30, 2020
Revenue $ 141,823    $ (87,019)   $ 18,372    $ 805    $ —    $ 103    $ 74,084   
Direct operating expenses 182,217    8,051    4,186    —    —    103    194,557   
Selling, general and administrative expenses 174,554    127,811    17,783    3,204    —    —    323,352   
Depreciation and amortization 64,342    44,313    7,620    4,385    2,107    —    122,767   
Loss (gain) on disposal of operating assets 561    (1)   —    (1)   —    —    559   
Corporate expenses —    —    —    —    20,916    —    20,916   
Operating income (loss) $ (279,851)   $ (267,193)   $ (11,217)   $ (6,783)   $ (23,023)   $ —    $ (588,067)  
Intersegment revenue $ (136)   $ 33    $ —    $ —    $ —    $ 103    $ —   
Concerts Ticketing Sponsorship
& Advertising		 Other Corporate Eliminations Consolidated
(in thousands)
Three Months Ended June 30, 2019
Revenue $ 2,639,531    $ 370,765    $ 151,537    $ 790    $ —    $ (5,614)   $ 3,157,009   
Direct operating expenses 2,186,767    120,630    25,631    —    —    (5,614)   2,327,414   
Selling, general and administrative expenses 338,054    146,382    28,169    892    —    —    513,497   
Depreciation and amortization 54,219    39,513    6,374    138    3,582    —    103,826   
Loss (gain) on disposal of operating assets (210)   109    —    —    —    —    (101)  
Corporate expenses —    —    —    —    40,787    —    40,787   
Operating income (loss) $ 60,701    $ 64,131    $ 91,363    $ (240)   $ (44,369)   $ —    $ 171,586   
Intersegment revenue $ 2,131    $ 3,483    $ —    $ —    $ —    $ (5,614)   $ —   
Six Months Ended June 30, 2020
Revenue $ 1,135,216    $ 197,258    $ 108,633    $ 1,601    $ —    $ (2,931)   $ 1,439,777   
Direct operating expenses 933,122    112,464    25,722    —    —    (2,931)   1,068,377   
Selling, general and administrative expenses 505,830    285,357    40,770    5,416    —    —    837,373   
Depreciation and amortization 136,558    82,489    15,132    4,438    6,230    —    244,847   
Loss on disposal of operating assets 688    1    —    —    —    —    689   
Corporate expenses —    —    —    —    49,228    —    49,228   
Operating income (loss) $ (440,982)   $ (283,053)   $ 27,009    $ (8,253)   $ (55,458)   $ —    $ (760,737)  
Intersegment revenue $ 1,097    $ 1,834    $ —    $ —    $ —    $ (2,931)   $ —   
Capital expenditures $ 83,485    $ 39,237    $ 2,679    $ —    $ 5,542    $ —    $ 130,943   
Six Months Ended June 30, 2019
Revenue $ 3,957,648    $ 708,407    $ 226,615    $ 1,581    $ —    $ (9,414)   $ 4,884,837   
Direct operating expenses 3,217,036    232,379    39,017    —    —    (9,414)   3,479,018   
Selling, general and administrative expenses 633,819    292,272    50,606    1,666    —    —    978,363   
Depreciation and amortization 105,580    76,903    13,448    259    6,548    —    202,738   
Loss (gain) on disposal of operating assets (355)   107    —    —    —    —    (248)  
Corporate expenses —    —    —    —    77,243    —    77,243   
Operating income (loss) $ 1,568    $ 106,746    $ 123,544    $ (344)   $ (83,791)   $ —    $ 147,723   
Intersegment revenue $ 2,940    $ 6,474    $ —    $ —    $ —    $ (9,414)   $ —   
Capital expenditures $ 78,873    $ 48,745    $ 3,301    $ —    $ 9,231    $ —    $ 140,150