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, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenue $ 2,868,315 $ 2,683,585 $ 4,350,699 $ 3,926,464
Operating expenses:        
Direct operating expenses 2,135,107 2,022,471 3,067,191 2,797,732
Selling, general and administrative expenses 476,438 434,385 911,049 817,693
Depreciation and amortization 89,785 81,165 177,656 161,697
Loss (gain) on disposal of operating assets 108 115 146 (544)
Corporate expenses 32,152 32,016 65,962 57,819
Operating income 134,725 113,433 128,695 92,067
Interest expense 35,992 26,878 65,733 52,888
Loss (gain) on extinguishment of debt (473) 1,049 2,470 1,049
Interest income (2,705) (1,031) (3,888) (1,976)
Equity in loss (earnings) of nonconsolidated affiliates 313 (536) (3,402) (2,876)
Other expense (income), net 6,443 (3,466) 6,771 (6,308)
Income before income taxes 95,155 90,539 61,011 49,290
Income tax expense 11,799 9,984 18,683 16,505
Net income 83,356 80,555 42,328 32,785
Net income (loss) attributable to noncontrolling interests 13,997 (923) 6,875 (15,700)
Net income attributable to common stockholders of Live Nation $ 69,359 $ 81,478 $ 35,453 $ 48,485
Earnings Per Share, Basic $ 0.25 $ 0.31 $ 0.01 $ 0.08
Earnings Per Share, Diluted $ 0.24 $ 0.29 $ 0.01 $ 0.08
Weighted average common shares outstanding:        
Weighted average common shares—basic 207,331,781 204,688,374 207,031,642 204,212,281
Weighted average common shares—diluted 215,105,119 213,879,152 215,075,203 213,119,962
Reconciliation to net income available to common stockholders of Live Nation:        
Net income attributable to common stockholders of Live Nation $ 69,359 $ 81,478 $ 35,453 $ 48,485
Accretion of redeemable noncontrolling interests (17,172) (18,837) (33,557) (31,414)
Net income available to common stockholders of Live Nation—basic and diluted $ 52,187 $ 62,641 $ 1,896 $ 17,071