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

LEASES (Tables)

3 Months Ended

Mar. 31, 2021

The significant components of operating lease expense are as follows:


	Three Months Ended March 31,
		2021		2020
		(in thousands)
Operating lease cost		$	55,299	$	62,128
Variable and short-term lease cost		9,453		12,522
Sublease income		(2,282)		(4,151)
Net lease cost		$	62,470	$	70,499

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


	Three Months Ended March 31,
	2021		2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	58,914	$	58,908
Lease assets obtained in exchange for lease obligations, net of terminations	$	6,771	$	55,042

Future maturities of our operating lease liabilities at March 31, 2021 are as follows:


	(in thousands)
April 1 - December 31, 2021	$	135,266
2022	199,696
2023	199,743
2024	182,932
2025	171,636
Thereafter	1,464,421
Total lease payments	2,353,694
Less: Interest	834,029
Present value of lease liabilities	$	1,519,665

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


	March 31, 2021		December 31, 2020
Weighted average remaining lease term (in years)	13.8		13.9
Weighted average discount rate	6.43	%	6.31	%