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)

6 Months Ended

Jun. 30, 2014

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, 2014 and 2013:



	Concerts		Ticketing		Artist Nation		Sponsorship & Advertising		Other		Corporate		Eliminations			Consolidated
							(in thousands)
Three Months Ended June 30, 2014
Revenue	$	1,172,166	$	371,000	$	79,162	$	70,903	$	839	$	—	$	(28,285	)	$	1,665,785
Direct operating expenses	969,991		183,269		47,242		9,995		1,590		—		(27,391		)	1,184,696



	Concerts			Ticketing			Artist Nation			Sponsorship & Advertising		Other			Corporate			Eliminations			Consolidated
										(in thousands)
Selling, general and administrative expenses	166,890			111,882			34,029			12,244		880			—			—			325,925
Depreciation and amortization	26,189			40,968			7,665			1,739		10			542			(894		)	76,219
Loss (gain) on disposal of operating assets	(3,745		)	(43		)	1			—		—			—			—			(3,787		)
Corporate expenses	—			—			—			—		—			25,717			—			25,717
Acquisition transaction expenses	456			58			(265		)	—		—			1,080			—			1,329
Operating income (loss)	$	12,385		$	34,866		$	(9,510	)	$	46,925	$	(1,641	)	$	(27,339	)	$	—		$	55,686
Intersegment revenue	$	25,604		$	187		$	2,494		$	—	$	—		$	—		$	(28,285	)	$	—
Three Months Ended June 30, 2013
Revenue	$	1,193,006		$	337,827		$	99,739		$	71,240	$	791		$	—		$	(23,090	)	$	1,679,513
Direct operating expenses	992,476			160,021			68,920			13,311		(2,206		)	—			(22,604		)	1,209,918
Selling, general and administrative expenses	159,517			101,919			22,476			10,959		848			—			—			295,719
Depreciation and amortization	35,068			36,685			10,136			596		11			678			(486		)	82,688
Loss (gain) on disposal of operating assets	(31,332		)	42			1,091			—		—			—			—			(30,199		)
Corporate expenses	—			—			—			—		—			21,812			—			21,812
Acquisition transaction expenses	313			—			17			—		—			1,439			—			1,769
Operating income (loss)	$	36,964		$	39,160		$	(2,901	)	$	46,374	$	2,138		$	(23,929	)	$	—		$	97,806
Intersegment revenue	$	21,254		$	714		$	1,122		$	—	$	—		$	—		$	(23,090	)	$	—
Six Months Ended June 30, 2014
Revenue	$	1,834,656		$	725,461		$	151,718		$	116,291	$	1,585		$	—		$	(36,610	)	$	2,793,101
Direct operating expenses	1,487,146			355,860			89,318			18,059		681			—			(35,217		)	1,915,847
Selling, general and administrative expenses	316,806			225,902			59,822			24,165		1,635			—			—			628,330
Depreciation and amortization	54,709			86,951			15,436			1,943		20			1,141			(1,393		)	158,807



	Concerts			Ticketing			Artist Nation			Sponsorship & Advertising		Other			Corporate			Eliminations			Consolidated
										(in thousands)
Loss (gain) on disposal of operating assets	(3,235		)	(117		)	34			—		—			37			—			(3,281		)
Corporate expenses	—			—			—			—		—			46,891			—			46,891
Acquisition transaction expenses	783			63			188			—		—			2,095			—			3,129
Operating income (loss)	$	(21,553	)	$	56,802		$	(13,080	)	$	72,124	$	(751	)	$	(50,164	)	$	—		$	43,378
Intersegment revenue	$	33,034		$	460		$	3,116		$	—	$	—		$	—		$	(36,610	)	$	—
Capital expenditures	$	18,306		$	37,438		$	943		$	449	$	—		$	5,271		$	—		$	62,407
Six Months Ended June 30, 2013
Revenue	$	1,706,541		$	662,962		$	150,010		$	111,387	$	1,584		$	—		$	(29,273	)	$	2,603,211
Direct operating expenses	1,382,728			315,083			100,332			20,175		(3,171		)	—			(28,295		)	1,786,852
Selling, general and administrative expenses	296,835			213,859			42,514			20,647		1,386			—			—			575,241
Depreciation and amortization	63,770			79,498			20,170			738		185			1,470			(978		)	164,853
Loss (gain) on disposal of operating assets	(34,462		)	(20		)	679			—		7			—			—			(33,796		)
Corporate expenses	—			—			—			—		—			42,467			—			42,467
Acquisition transaction expenses	547			24			145			—		—			2,261			—			2,977
Operating income (loss)	$	(2,877	)	$	54,518		$	(13,830	)	$	69,827	$	3,177		$	(46,198	)	$	—		$	64,617
Intersegment revenue	$	26,967		$	981		$	1,325		$	—	$	—		$	—		$	(29,273	)	$	—
Capital expenditures	$	31,444		$	42,993		$	282		$	300	$	—		$	(171	)	$	—		$	74,848

- 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