Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v3.24.1.u1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Revenue $ 3,799,529 $ 3,127,390
Operating expenses:    
Direct operating expenses 2,646,457 2,115,589
Selling, general and administrative expenses 981,559 690,321
Depreciation and amortization 132,594 115,185
Loss (gain) on disposal of operating assets 651 (504)
Corporate expenses 76,077 63,015
Operating income (loss) (36,507) 142,776
Interest expense 80,691 89,215
Loss on extinguishment of debt 0 18,366
Interest income (43,257) (40,313)
Equity in earnings of nonconsolidated affiliates (84) (4,107)
Other expense (income), net (77,054) 11,583
Income before income taxes 3,197 68,032
Income tax expense 35,414 23,840
Net income (loss) (32,217) 44,192
Net income attributable to noncontrolling interests 14,516 47,361
Net loss attributable to common stockholders of Live Nation $ (46,733) $ (3,169)
Earnings Per Share, Basic $ (0.53) $ (0.25)
Earnings Per Share, Diluted $ (0.53) $ (0.25)
Weighted average common shares outstanding:    
Weighted Average Number of Shares Outstanding, Basic 229,471,184 228,162,831
Weighted Average Number of Shares Outstanding, Diluted 229,471,184 228,162,831
Reconciliation to net income (loss) available to common stockholders of Live Nation:    
Net loss attributable to common stockholders of Live Nation $ (46,733) $ (3,169)
Accretion of redeemable noncontrolling interests (75,109) (54,933)
Net Income (Loss) Available to Common Stockholders, Basic, Total (121,842) (58,102)
Net Income (Loss) Available to Common Stockholders, Diluted, Total $ (121,842) $ (58,102)