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

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA Segment Data (Tables)

SEGMENT DATA Segment Data (Tables)

6 Months Ended

Jun. 30, 2018

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 six months ended June 30, 2018 and 2017:



	Concerts		Sponsorship & Advertising		Ticketing			Other			Corporate			Eliminations			Consolidated
	(in thousands)
Three Months Ended June 30, 2018
Revenue	$	2,380,736	$	139,938	$	351,195		$	1,177		$	—		$	(4,731	)	$	2,868,315
Direct operating expenses	1,990,254		29,200		119,787			597			—			(4,731		)	2,135,107
Selling, general and administrative expenses	302,019		23,114		147,350			3,955			—			—			476,438
Depreciation and amortization	46,519		7,132		34,989			178			967			—			89,785
Loss (gain) on disposal of operating assets	114		—		(6		)	—			—			—			108
Corporate expenses	—		—		—			—			32,152			—			32,152
Operating income (loss)	$	41,830	$	80,492	$	49,075		$	(3,553	)	$	(33,119	)	$	—		$	134,725
Intersegment revenue	$	—	$	—	$	4,731		$	—		$	—		$	(4,731	)	$	—
Three Months Ended June 30, 2017
Revenue	$	2,249,851	$	124,563	$	311,181		$	867		$	—		$	(2,877	)	$	2,683,585
Direct operating expenses	1,895,588		25,571		103,186			1,003			—			(2,877		)	2,022,471
Selling, general and administrative expenses	270,488		22,211		136,677			5,009			—			—			434,385
Depreciation and amortization	46,131		6,401		27,565			103			965			—			81,165
Loss (gain) on disposal of operating assets	95		—		7			—			13			—			115
Corporate expenses	—		—		—			—			32,016			—			32,016
Operating income (loss)	$	37,549	$	70,380	$	43,746		$	(5,248	)	$	(32,994	)	$	—		$	113,433
Intersegment revenue	$	667	$	—	$	2,210		$	—		$	—		$	(2,877	)	$	—



	Concerts			Sponsorship & Advertising		Ticketing		Other			Corporate			Eliminations			Consolidated
	(in thousands)
Six Months Ended June 30, 2018
Revenue	$	3,419,657		$	214,496	$	723,568	$	1,954		$	—		$	(8,976	)	$	4,350,699
Direct operating expenses	2,786,419			44,951		244,071		726			—			(8,976		)	3,067,191
Selling, general and administrative expenses	563,110			43,209		296,933		7,797			—			—			911,049
Depreciation and amortization	92,054			14,742		68,622		387			1,851			—			177,656
Loss on disposal of operating assets	135			—		11		—			—			—			146
Corporate expenses	—			—		—		—			65,962			—			65,962
Operating income (loss)	$	(22,061	)	$	111,594	$	113,931	$	(6,956	)	$	(67,813	)	$	—		$	128,695
Intersegment revenue	$	—		$	—	$	8,976	$	—		$	—		$	(8,976	)	$	—
Capital expenditures	$	49,488		$	1,892	$	43,562	$	26		$	2,969		$	—		$	97,937
Six Months Ended June 30, 2017
Revenue	$	3,113,128		$	188,551	$	624,019	$	6,714		$	—		$	(5,948	)	$	3,926,464
Direct operating expenses	2,560,333			37,145		204,919		1,282			—			(5,947		)	2,797,732
Selling, general and administrative expenses	499,068			41,669		266,714		10,242			—			—			817,693
Depreciation and amortization	92,573			12,911		54,102		212			1,900			(1		)	161,697
Loss (gain) on disposal of operating assets	(588		)	—		7		—			37			—			(544		)
Corporate expenses	—			—		—		—			57,819			—			57,819
Operating income (loss)	$	(38,258	)	$	96,826	$	98,277	$	(5,022	)	$	(59,756	)	$	—		$	92,067
Intersegment revenue	$	1,813		$	—	$	4,135	$	—		$	—		$	(5,948	)	$	—
Capital expenditures	$	55,006		$	3,161	$	51,068	$	65		$	16,753		$	—		$	126,053