Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenue $ 290,609 $ 1,365,693
Operating expenses:    
Direct operating expenses 133,966 873,820
Selling, general and administrative expenses 322,853 514,021
Depreciation and amortization 108,876 122,080
Loss on disposal of operating assets 138 130
Corporate expenses 27,948 28,312
Operating loss (303,172) (172,670)
Interest expense 70,830 43,999
Interest income (1,149) (4,473)
Equity in earnings of nonconsolidated affiliates (581) (2,572)
Gain from sale of investments in nonconsolidated affiliates 55,933 3,555
Other expense (income), net (6) 8,183
Loss before income taxes (316,333) (214,252)
Income tax expense (benefit) 6,389 (3,330)
Net loss (322,722) (210,922)
Net loss attributable to noncontrolling interests (15,529) (26,138)
Net loss attributable to common stockholders of Live Nation $ (307,193) $ (184,784)
Basic and diluted net loss per common share available to common stockholders of Live Nation $ (1.44) $ (0.94)
Weighted average common shares outstanding:    
Basic and diluted 214,531,958 211,048,294
Reconciliation to net income (loss) available to common stockholders of Live Nation:    
Net loss attributable to common stockholders of Live Nation $ (307,193) $ (184,784)
Accretion of redeemable noncontrolling interests (916) (14,540)
Basic and diluted net loss available to common stockholders of Live Nation $ (308,109) $ (199,324)