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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $ (66,526)us-gaap_ProfitLoss | $ (30,097)us-gaap_ProfitLoss |
| Reconciling items: | ||
| Depreciation | 32,134us-gaap_Depreciation | 30,619us-gaap_Depreciation |
| Amortization | 52,407us-gaap_AdjustmentForAmortization | 51,969us-gaap_AdjustmentForAmortization |
| Deferred income tax expense (benefit) | 4,371us-gaap_DeferredIncomeTaxExpenseBenefit | (8,729)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Amortization of debt issuance costs, discounts and premium, net | 2,644us-gaap_AmortizationOfFinancingCostsAndDiscounts | 4,737us-gaap_AmortizationOfFinancingCostsAndDiscounts |
| Non-cash compensation expense | 9,497us-gaap_ShareBasedCompensation | 10,018us-gaap_ShareBasedCompensation |
| Loss on disposal of operating assets | 39us-gaap_GainLossOnDispositionOfAssets | 506us-gaap_GainLossOnDispositionOfAssets |
| Equity in earnings of nonconsolidated affiliates, net of distributions | (71)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions | (1,895)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions |
| Other, net | (3,542)us-gaap_OtherNoncashIncomeExpense | (3,173)us-gaap_OtherNoncashIncomeExpense |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | ||
| Increase in accounts receivable | (47,700)us-gaap_IncreaseDecreaseInAccountsReceivable | (77,980)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Increase in prepaid expenses | (166,759)us-gaap_IncreaseDecreaseInPrepaidExpense | (162,276)us-gaap_IncreaseDecreaseInPrepaidExpense |
| Increase in other assets | (43,629)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (16,496)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Increase in accounts payable, accrued expenses and other liabilities | 6,421lyv_IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities | 38,067lyv_IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities |
| Increase in deferred revenue | 563,260us-gaap_IncreaseDecreaseInDeferredRevenue | 531,338us-gaap_IncreaseDecreaseInDeferredRevenue |
| Net cash provided by operating activities | 342,546us-gaap_NetCashProvidedByUsedInOperatingActivities | 366,608us-gaap_NetCashProvidedByUsedInOperatingActivities |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Investments made in nonconsolidated affiliates | (3,913)us-gaap_PaymentsToAcquireEquityMethodInvestments | (823)us-gaap_PaymentsToAcquireEquityMethodInvestments |
| Purchases of property, plant and equipment | (29,365)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (24,523)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Cash paid for acquisitions, net of cash acquired | (15,879)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (11,634)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| Other, net | (1,426)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (554)us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash used in investing activities | (50,583)us-gaap_NetCashProvidedByUsedInInvestingActivities | (37,534)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from long-term debt, net of debt issuance costs | 101us-gaap_ProceedsFromDebtNetOfIssuanceCosts | 43us-gaap_ProceedsFromDebtNetOfIssuanceCosts |
| Payments on long-term debt | (8,682)us-gaap_RepaymentsOfLongTermDebt | (6,547)us-gaap_RepaymentsOfLongTermDebt |
| Contributions from noncontrolling interests | 0us-gaap_ProceedsFromMinorityShareholders | 81us-gaap_ProceedsFromMinorityShareholders |
| Distributions to noncontrolling interests | (3,858)us-gaap_PaymentsOfDividendsMinorityInterest | (4,195)us-gaap_PaymentsOfDividendsMinorityInterest |
| Purchases and sales of noncontrolling interests, net | (8,302)lyv_PurchasesAndSalesOfNoncontrollingInterest | (102)lyv_PurchasesAndSalesOfNoncontrollingInterest |
| Proceeds from exercise of stock options | 3,541us-gaap_ProceedsFromStockOptionsExercised | 7,919us-gaap_ProceedsFromStockOptionsExercised |
| Payments for deferred and contingent consideration | (2,000)us-gaap_PaymentsOfMergerRelatedCostsFinancingActivities | (1,951)us-gaap_PaymentsOfMergerRelatedCostsFinancingActivities |
| Net cash used in financing activities | (19,200)us-gaap_NetCashProvidedByUsedInFinancingActivities | (4,752)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of exchange rate changes on cash and cash equivalents | (48,134)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 5,636us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net increase in cash and cash equivalents | 224,629us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 329,958us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 1,382,029us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,299,184us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | $ 1,606,658us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 1,629,142us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received, the amount of obligations and expenses incurred but not paid and in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. No definition available.
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| X | ||||||||||
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- Definition
The cash inflow (outflow) to purchase or sell noncontrolled interest, which generally occurs when noncontrolling shareholders increase or reduce their ownership stake (in a subsidiary of the entity). No definition available.
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| X | ||||||||||
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- Definition
The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the undistributed income (or loss) of equity method investments, net of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations; such investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for financing costs associated with business combinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from additional borrowings, net of cash paid to third parties in connection with debt origination. No definition available.
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- Definition
Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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