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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 6,023,416 $ 5,630,723 $ 9,822,945 $ 8,758,113
Operating expenses:        
Direct operating expenses 4,408,209 4,164,778 7,054,666 6,280,367
Selling, general and administrative expenses 926,222 868,595 1,907,781 1,558,916
Depreciation and amortization 137,729 136,514 270,323 251,699
Gain (Loss) on Disposition of Other Assets 779 7,013 1,430 6,509
Corporate expenses 86,216 81,478 162,293 144,493
Operating income 465,819 386,371 429,312 529,147
Interest expense 79,970 81,995 160,661 171,210
Loss on extinguishment of debt 0 0 0 18,366
Interest income (44,425) (56,452) (87,682) (96,765)
Equity in earnings of nonconsolidated affiliates (5,376) (5,558) (5,460) (9,665)
Other expense (income), net (20,742) (6,599) (97,796) 4,984
Income before income taxes 456,392 372,985 459,589 441,017
Income tax expense 80,164 41,648 115,578 65,488
Net income 376,228 331,337 344,011 375,529
Net income attributable to noncontrolling interests 78,258 37,655 92,774 85,016
Net income attributable to common stockholders of Live Nation $ 297,970 $ 293,682 $ 251,237 $ 290,513
Basic net income per common share available to common stockholders of Live Nation $ 1.05 $ 1.04 $ 0.52 $ 0.78
Diluted net income per common share available to common stockholders of Live Nation $ 1.03 $ 1.02 $ 0.51 $ 0.78
Weighted average common shares outstanding:        
Basic 229,921,527 228,536,179 229,696,356 228,350,537
Diluted 245,002,995 243,660,186 232,024,314 230,490,937
Reconciliation to net income (loss) available to common stockholders of Live Nation:        
Net income attributable to common stockholders of Live Nation $ 297,970 $ 293,682 $ 251,237 $ 290,513
Accretion of redeemable noncontrolling interests (57,325) (56,621) (132,435) (111,554)
Net income available to common stockholders of Live Nation—basic 240,645 237,061 118,802 178,959
Convertible debt interest, net of tax 10,790 10,804 0 0
Net income available to common stockholders of Live Nation—diluted $ 251,435 $ 247,865 $ 118,802 $ 178,959