Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenue $ 575,946 $ 74,084 $ 866,555 $ 1,439,777
Operating expenses:        
Direct operating expenses 243,120 194,557 377,086 1,068,377
Selling, general and administrative expenses 328,894 323,352 651,747 837,373
Depreciation and amortization 103,647 122,767 212,523 244,847
Loss (gain) on disposal of operating assets (28) 559 110 689
Corporate expenses 27,598 20,916 55,546 49,228
Operating loss (127,285) (588,067) (430,457) (760,737)
Interest expense 68,909 52,689 139,739 96,688
Interest income (1,471) (2,429) (2,620) (6,902)
Equity in losses of nonconsolidated affiliates 2,998 6,613 2,417 4,041
Loss (gain) from sale of investments in nonconsolidated affiliates (993) (35) 52,947 (35)
Other expense (income), net 9,461 (5,208) 7,462 (580)
Loss before income taxes (208,175) (639,767) (524,508) (854,019)
Income tax expense (benefit) 2,285 (29,183) 8,674 (32,513)
Net loss (210,460) (610,584) (533,182) (821,506)
Net loss attributable to noncontrolling interests (14,795) (43,067) (30,324) (69,205)
Net loss attributable to common stockholders of Live Nation $ (195,665) $ (567,517) $ (502,858) $ (752,301)
Basic and diluted net loss per common share available to common stockholders of Live Nation $ (0.90) $ (2.67) $ (2.34) $ (3.62)
Weighted average common shares outstanding:        
Basic and diluted 215,702,508 211,693,923 215,120,467 211,371,109
Reconciliation to net income (loss) available to common stockholders of Live Nation:        
Net loss attributable to common stockholders of Live Nation $ (195,665) $ (567,517) $ (502,858) $ (752,301)
Accretion of redeemable noncontrolling interests 951 1,595 35 (12,945)
Basic and diluted net loss available to common stockholders of Live Nation $ (194,714) $ (565,922) $ (502,823) $ (765,246)