Live Nation Entertainment Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)

9 Months Ended

Sep. 30, 2012

Results of Operations Related to Reportable Segments of the Entity

The following table presents the results of operations for the Company's reportable segments for the three and nine months ending September 30, 2012 and 2011:

			Artist	Sponsorship
	Concerts	Ticketing	Nation	& Advertising	Other	Corporate	Eliminations	Consolidated
	(in thousands)
Three Months Ended September 30, 2012
Revenue	$1,429,912	$ 345,980	$ 127,924	$ 95,805	$ 1,147	$ -	$ (37,622)	$ 1,963,146
Direct operating expenses	1,235,786	161,566	85,097	11,102	994	-	(37,122)	1,457,423
Selling, general and
administrative expenses	146,528	104,098	22,146	10,760	314	-	-	283,846
Depreciation and amortization	27,508	43,315	13,203	320	49	789	(500)	84,684
Loss (gain) on sale of
operating assets	(8)	10	-	-	(62)	-	-	(60)
Corporate expenses	-	-	-	-	-	30,842	-	30,842
Acquisition transaction
expenses	1,032	381	-	-	-	483	-	1,896
Operating income (loss)	$ 19,066	$ 36,610	$ 7,478	$ 73,623	$ (148)	$ (32,114)	$ -	$ 104,515
Intersegment revenue	$ 33,510	$ (521)	$ 4,633	$ -	$ -	$ -	$ (37,622)	$ -

Three Months Ended September 30, 2011
Revenue	$1,280,297	$ 333,482	$ 121,375	$ 86,388	$ 779	$ -	$ (32,296)	$ 1,790,025
Direct operating expenses	1,066,140	159,630	80,994	12,528	-	(893)	(32,095)	1,286,304
Selling, general and
administrative expenses	131,805	120,947	20,551	8,036	1,123	-	-	282,462
Depreciation and amortization	33,103	38,954	10,693	88	13	691	(201)	83,341
Loss (gain) on sale of
operating assets	13	(2)	15	-	204	1	-	231
Corporate expenses	-	-	-	-	-	27,385	-	27,385
Acquisition transaction
expenses	826	216	276	-	-	4,175	-	5,493
Operating income (loss)	$ 48,410	$ 13,737	$ 8,846	$ 65,736	$ (561)	$ (31,359)	$ -	$ 104,809
Intersegment revenue	$ 25,455	$ 4,675	$ 2,166	$ -	$ -	$ -	$ (32,296)	$ -

Nine Months Ended September 30, 2012
Revenue	$2,954,635	$1,001,463	$ 298,570	$ 193,211	$ 2,345	$ -	$ (68,404)	$ 4,381,820
Direct operating expenses	2,475,222	467,808	199,106	27,160	571	-	(66,861)	3,103,006
Selling, general and
administrative expenses	423,213	312,099	67,540	28,741	1,331	-	-	832,924
Depreciation and amortization	100,004	121,284	36,271	341	72	2,227	(1,543)	258,656
Loss (gain) on sale of
operating assets	(477)	(145)	-	-	367	-	-	(255)
Corporate expenses	-	-	-	-	-	81,474	-	81,474
Acquisition transaction
expenses	(373)	46	401	-	-	1,261	-	1,335
Operating income (loss)	$ (42,954)	$ 100,371	$ (4,748)	$ 136,969	$ 4	$ (84,962)	$ -	$ 104,680
Intersegment revenue	$ 58,548	$ 2,175	$ 7,681	$ -	$ -	$ -	$ (68,404)	$ -
Capital expenditures	$ 17,385	$ 65,253	$ 476	$ 3,979	$ 3	$ 1,114	$ -	$ 88,210

Nine Months Ended September 30, 2011
Revenue	$2,811,796	$ 966,687	$ 293,941	$ 182,453	$ 2,385	$ 333	$ (59,279)	$ 4,198,316
Direct operating expenses	2,353,774	452,584	197,261	28,528	-	(1,895)	(58,673)	2,971,579
Selling, general and
administrative expenses	400,421	304,393	89,466	25,763	2,183	-	-	822,226
Depreciation and amortization	87,818	111,359	37,305	276	40	1,557	(606)	237,749
Loss (gain) on sale of
operating assets	(677)	(88)	1,256	-	374	1	-	866
Corporate expenses	-	-	-	-	-	73,011	-	73,011
Acquisition transaction
expenses	(5,289)	1,167	(1,906)	-	-	13,892	-	7,864
Operating income (loss)	$ (24,251)	$ 97,272	$ (29,441)	$ 127,886	$ (212)	$ (86,233)	$ -	$ 85,021
Intersegment revenue	$ 41,133	$ 9,008	$ 9,138	$ -	$ -	$ -	$ (59,279)	$ -
Capital expenditures	$ 15,825	$ 44,249	$ 3,658	$ 892	$ -	$ 4,606	$ -	$ 69,230

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details