Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 1,071,412 $ 844,253
Accounts receivable, less allowance of $15,049 as of March 31, 2012 and $16,986 as of December 31, 2011 421,919 389,346
Prepaid expenses 504,463 316,491
Other current assets 35,015 26,700
Total current assets 2,032,809 1,576,790
Property, plant and equipment    
Land, buildings and improvements 853,059 851,812
Computer equipment and capitalized software 272,088 261,475
Furniture and other equipment 176,447 172,250
Construction in progress 69,013 60,652
Property, plant and equipment, gross 1,370,607 1,346,189
Less accumulated depreciation 655,732 626,053
Property, plant and equipment, net 714,875 720,136
Intangible assets    
Definite-lived intangible assets, net 846,147 873,712
Indefinite-lived intangible assets 377,465 377,160
Goodwill 1,277,732 1,257,644
Investments in nonconsolidated affiliates 60,118 55,796
Other long-term assets 240,593 226,533
Total assets 5,549,739 5,087,771
Current liabilities    
Accounts payable, client accounts 568,419 473,956
Accounts payable 109,776 87,627
Accrued expenses 549,815 579,566
Deferred revenue 713,989 273,536
Current portion of long-term debt 51,218 52,632
Other current liabilities 19,536 25,236
Total current liabilities 2,012,753 1,492,553
Long-term debt, net 1,662,167 1,663,056
Long-term deferred income taxes 177,433 186,298
Other long-term liabilities 113,068 120,693
Commitments and contingent liabilities (Note 5)      
Redeemable noncontrolling interests 8,824 8,277
Stockholders' equity    
Common stock 1,869 1,868
Additional paid-in capital 2,248,130 2,243,587
Accumulated deficit (814,341) (745,191)
Cost of shares held in treasury (475) (2,787)
Accumulated other comprehensive loss (11,056) (36,374)
Total Live Nation Entertainment, Inc. stockholders' equity 1,424,127 1,461,103
Noncontrolling interests 151,367 155,791
Total stockholders' equity 1,575,494 1,616,894
Total liabilities and stockholders' equity $ 5,549,739 $ 5,087,771