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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 5,630,723 $ 4,434,174 $ 8,758,113 $ 6,236,982
Operating expenses:        
Direct operating expenses 4,164,778 3,267,023 6,280,367 4,338,045
Selling, general and administrative expenses 868,595 672,213 1,558,916 1,242,395
Depreciation and amortization 136,514 115,927 251,699 216,396
Gain (Loss) on Disposition of Other Assets 7,013 (1,065) 6,509 (2,730)
Corporate expenses 81,478 59,247 144,493 91,657
Operating income 386,371 318,699 529,147 345,759
Interest expense 81,995 68,435 171,210 135,208
Loss on extinguishment of debt 0 0 18,366 0
Interest income (56,452) (13,192) (96,765) (20,756)
Equity in earnings of nonconsolidated affiliates (5,558) (1,955) (9,665) (6,243)
Other expense (income), net (6,599) 5,039 4,984 14,438
Income before income taxes 372,985 260,372 441,017 223,112
Income tax expense 41,648 31,995 65,488 43,691
Net income 331,337 228,377 375,529 179,421
Net income attributable to noncontrolling interests 37,655 40,577 85,016 41,803
Net income attributable to common stockholders of Live Nation $ 293,682 $ 187,800 $ 290,513 $ 137,618
Basic net loss per common share available to common stockholders of Live Nation $ 1.04 $ 0.69 $ 0.78 $ 0.31
Diluted net loss per common share available to common stockholders of Live Nation $ 1.02 $ 0.66 $ 0.78 $ 0.30
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 228,536,179 224,674,447 228,350,537 223,290,226
Weighted Average Number of Shares Outstanding, Diluted 243,660,186 243,634,764 230,490,937 231,367,674
Reconciliation to net income (loss) available to common stockholders of Live Nation:        
Net income attributable to common stockholders of Live Nation $ 293,682 $ 187,800 $ 290,513 $ 137,618
Accretion of redeemable noncontrolling interests (56,621) (32,560) (111,554) (68,274)
Net income available to common stockholders of Live Nation—basic 237,061 155,240 178,959 69,344
Interest on Convertible Debt, Net of Tax 10,804 6,365 0 0
Net income available to common stockholders of Live Nation—diluted $ 247,865 $ 161,605 $ 178,959 $ 69,344