Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Revenue $ 2,502,008 $ 2,262,236 $ 5,295,109 $ 4,865,447
Operating expenses:        
Direct operating expenses 1,876,519 1,698,731 3,792,366 3,485,583
Selling, general and administrative expenses 349,676 325,005 978,006 900,246
Depreciation and amortization 97,925 92,729 256,732 257,582
Gain on disposal of operating assets (1,696) (9,060) (4,977) (42,856)
Corporate expenses 26,647 26,442 73,538 68,909
Acquisition transaction expenses 2,333 2,352 5,462 5,329
Operating income (loss) 150,604 126,037 193,982 190,654
Interest expense 28,113 29,393 80,195 87,585
Loss on extinguishment of debt 233 36,269 233 36,269
Interest income (864) (1,547) (2,676) (4,205)
Equity in losses (earnings) of nonconsolidated affiliates (2,155) 2,363 (5,921) (2,848)
Other expense (income), net 12,587 (5,269) 11,081 2,237
Income before income taxes 112,690 64,828 111,070 71,616
Income tax expense (benefit) (3,137) 14,410 (482) 26,370
Net income 115,827 50,418 111,552 45,246
Net income attributable to noncontrolling interests 10,664 6,644 15,903 6,581
Net income attributable to common stockholders of Live Nation Entertainment, Inc. $ 105,163 $ 43,774 $ 95,649 $ 38,665
Basic net income per common share attributable to common stockholders of Live Nation Entertainment, Inc. (in dollars per share) $ 0.52 $ 0.22 $ 0.46 $ 0.20
Diluted net income per common share attributable to common stockholders of Live Nation Entertainment, Inc. (in dollars per share) $ 0.49 $ 0.22 $ 0.45 $ 0.19
Weighted average common shares outstanding:        
Basic (in shares) 199,261,810 196,396,704 198,612,221 192,792,286
Diluted (in shares) 221,581,583 202,109,783 206,233,574 197,266,289