Live Nation Entertainment, Inc.

10-K & 10-Q Filings

Live Nation Entertainment, Inc. is the largest live entertainment company in the world, connecting over 765 million fans to their favorite live events through concerts, ticketing, and sponsorship and advertising. The company's business strategy is to grow its global leadership position in live entertainment by expanding its concert platform, growing revenue per show, investing in product improvements, selling more tickets, and growing sponsorship and advertising partnerships. Live Nation's reportable segments are Concerts, Ticketing, and Sponsorship & Advertising. The company's Concerts segment involves the global promotion of live music events, operation and management of music venues, production of music festivals, and provision of management and other services to artists. The Ticketing segment is primarily an agency business that sells tickets for events on behalf of its clients and retains a portion of the service charge as its fee. The Sponsorship & Advertising segment employs a sales force that creates and maintains relationships with sponsors through a combination of strategic, international, national, and local opportunities. Live Nation's website is www.livenationentertainment.com, and its ticker symbol is "LYV" on the New York Stock Exchange.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$5384.00
5819.05
6478.55
6866.96
7245.73
8354.93
10337.45
10787.80
11547.97
1861.18
6268.45
16681.25
22749.07
3127.39
3799.53
12.76%21.49%Cost of Revenue (-)
$3789.49
4151.28
4680.51
4919.97
5196.47
6082.71
7748.79
7967.93
8467.18
1402.40
4355.99
12337.52
17292.02
2115.59
2646.46
13.49%25.09%Gross Profit (+)
$1594.51
1667.77
1798.04
1946.99
2049.26
2272.23
2588.66
2819.87
3080.79
458.78
1912.46
4343.73
5457.06
1011.80
1153.07
10.80%13.96%Selling, General & Administrative (-)
$1111.97
1143.63
1226.89
1330.16
1397.91
1548.45
1907.72
1997.03
2145.49
1524.34
1754.82
2955.88
3557.17
690.32
981.56
10.18%42.19%Depreciation & Amortization (-)
$343.02
429.56
368.92
368.14
397.24
403.65
455.53
386.53
443.99
485.02
416.28
449.98
516.80
115.19
132.59
3.47%15.11%Non-recurring Operating Expenses (-)
$8.05
3.37
6.44
145.02
14.10
Operating Expenses (-)
$1574.22
1690.44
1658.38
1939.83
1917.89
2077.29
2497.26
2547.33
2755.94
2111.97
2330.32
3611.61
4390.85
869.02
1189.58
8.92%36.89%Costs & Expenses (Total) (-)
$5363.70
5841.71
6338.89
6859.80
7114.36
8159.99
10246.05
10515.26
11223.13
3514.37
6686.30
15949.14
21682.87
2984.61
3836.04
12.35%28.53%Operating Income/Loss (+)
$18.34
-21.64
139.66
7.16
131.37
194.94
91.40
272.54
324.84
-1653.19
-417.86
732.12
1066.20
142.78
-36.51
40.30%-125.57%Non-operating Income/Expense (+)
$-5.45
-13.22
-33.14
-0.67
-22.14
-40.11
5.94
-2.93
17.78
23.36
89.03
51.81
178.59
32.84
120.40
266.64%Interest Expense (-)
$120.41
123.74
111.66
106.31
102.88
106.51
106.72
138.50
157.52
226.83
282.44
278.48
350.24
89.22
80.69
9.31%-9.55%Earnings before Tax (+)
$-96.63
-132.16
-5.14
-99.82
6.35
48.33
-9.38
131.10
185.10
-1856.66
-611.27
505.45
894.54
68.03
3.20
-95.30%Tax Expense (-)
$-26.22
29.74
30.88
4.63
22.12
28.03
-17.15
40.77
66.89
-28.88
-2.48
96.25
160.23
23.84
35.41
48.55%Income/Loss (Continuing Operations) (+)
$-70.40
-161.90
-36.02
-104.45
-15.77
20.30
7.77
90.34
118.21
-1827.79
-608.79
409.19
734.32
44.19
-32.22
-172.90%Income/Loss (Discontinued Operations) (+)
$
Profit/Loss (+)
$-70.40
-161.90
-36.02
-104.45
-15.77
20.30
7.77
90.34
118.21
-1827.79
-608.79
409.19
734.32
44.19
-32.22
-172.90%Net Income/Loss (NCI) (-)
$12.61
1.33
7.36
-13.64
16.74
17.36
13.79
30.09
48.32
-103.25
42.12
113.21
171.04
47.36
14.52
24.27%-69.35%Net Income/Loss (+)
$-83.02
-163.23
-43.38
-90.81
-32.51
2.94
-6.01
60.25
69.89
-1724.54
-650.90
295.99
563.28
-3.17
-46.73
-1374.69%Preferred & Other Distributions (-)
$
33.18
49.95
91.63
77.90
74.77
-1.18
19.77
146.77
247.44
54.93
75.11
36.73%Net Income/Loss (Common) (+)
$-83.02
-163.23
-43.38
-90.81
-65.69
-47.01
-97.65
-17.65
-4.88
-1723.36
-670.67
149.22
315.84
-58.10
-121.84
-109.70%EPS (Basic)
$-0.46
-0.87
-0.22
-0.49
-0.33
-0.23
-0.48
-0.09
-0.02
-8.12
-3.09
0.66
1.38
-0.25
-0.53
-112.00%EPS (Diluted)
$
-0.22
-0.49
-0.33
-0.23
-0.48
-0.09
-0.02
-8.12
-3.09
0.64
1.37
-0.25
-0.53
-112.00%Weighted Avg Shares (Basic)
189.54
186.96
193.89
198.87
200.97
202.08
204.92
207.44
210.08
212.27
217.19
224.81
228.63
228.16
229.47
1.57%0.57%Weighted Avg Shares (Diluted)
186.96
193.89
198.87
200.97
202.08
204.92
207.44
210.08
212.27
217.19
231.56
230.98
229.47
Cash
$
1299.18
1382.03
1303.13
1526.59
1825.32
2378.20
2474.24
2546.44
4887.79
5612.37
6238.96
6997.45
6509.35
-6.98%Receivables
$389.35
415.79
439.15
419.30
452.60
568.94
725.30
829.32
944.09
486.73
1066.57
1465.38
2069.05
1657.21
2279.91
14.94%37.57%Prepaid Expenses (Current)
$316.49
359.94
378.34
440.27
496.23
528.25
546.71
597.87
667.04
577.13
654.89
949.83
1147.58
1323.20
1474.30
11.33%11.42%Other Assets (Current)
$870.95
1037.09
43.43
26.09
36.36
49.77
55.40
42.69
107.52
39.47
74.83
131.94
122.16
119.26
164.23
-15.10%37.71%Assets (Current)
$1576.79
1812.81
2160.10
2267.69
2288.32
2673.55
3152.74
3848.07
4192.90
3649.77
6684.09
8159.52
9577.75
10097.12
10427.78
16.22%3.27%Securities & Long-term Investments
$55.80
46.16
Property, Plant & Equipment (Net)
$2066.32
2170.45
706.80
695.34
731.28
751.54
885.94
946.59
2519.95
2525.64
2630.84
3059.06
3707.85
1887.07
2116.63
4.99%12.16%Accumulated Depreciation
$626.05
726.87
795.73
855.44
894.94
993.77
1127.79
1270.34
Goodwill & Intangibles
$1257.64
2459.75
2520.28
2531.23
2751.39
2927.89
2852.88
2853.25
3237.59
3353.86
3986.24
3948.71
4230.44
4000.63
4240.16
10.64%5.99%Other Assets
$1339.82
1441.39
296.33
494.10
385.25
411.29
612.71
848.97
1025.17
1060.04
1101.15
1293.55
1558.00
2884.77
3245.62
1.27%12.51%Assets (Non-current)
$3510.98
3477.99
3523.42
3720.67
3867.93
4090.71
4351.52
4648.81
6782.72
6939.53
7718.23
8301.32
9496.29
8772.47
9602.41
8.65%9.46%Assets (Total)
$5087.77
5290.81
5683.52
5988.36
6156.24
6764.27
7504.26
8496.89
10975.61
10589.30
14402.32
16460.84
19074.04
18869.59
20030.19
11.64%6.15%Accounts Payable
$667.19
729.44
780.12
750.03
745.27
836.52
1194.91
1335.72
1491.72
980.50
1756.53
2548.51
3273.77
172.65
248.20
14.17%43.76%Debt (Current)
$52.63
62.05
278.40
47.48
42.35
53.32
347.59
82.14
159.75
53.41
585.25
620.03
1134.39
63.87
1137.26
29.16%1680.59%Other Liabilities (Current)
$772.73
976.68
1197.00
1213.26
1313.58
1570.50
2034.49
2332.01
2456.13
2762.65
4513.94
5134.77
5551.74
9137.57
9942.95
17.86%8.81%Liabilities (Current)
$1492.55
1768.17
2255.52
2010.78
2101.21
2460.34
3577.00
3749.87
4107.60
3796.57
6855.72
8303.32
9959.90
9374.09
11328.41
17.14%20.85%Debt (Non-current)
$1663.06
1677.95
1530.48
2015.91
2002.66
2259.74
1952.37
2732.88
4645.74
4855.10
5145.48
5283.47
5459.03
6547.91
5082.21
10.41%-22.38%Other Liabilities
$306.99
294.00
307.71
477.82
605.45
694.67
556.75
671.40
758.32
2071.39
2589.57
2780.26
3067.96
2868.45
3150.38
21.15%9.83%Liabilities (Non-current)
$1970.05
1971.96
1838.20
2493.73
2608.12
2954.41
2509.12
3404.28
5404.06
6926.49
7735.05
8063.73
8526.98
9416.36
8232.59
12.99%-12.57%Liabilities (Total)
$3462.60
3740.13
4093.71
4504.51
4709.32
5414.75
6086.12
7154.14
9511.66
10723.06
14590.77
16367.04
18486.89
18790.44
19561.00
14.98%4.10%Treasury Stock
$-2.79
6.87
6.87
6.87
6.87
6.87
6.87
6.87
6.87
6.87
6.87
6.87
6.87
6.87
0.00%Retained Earnings
$-745.19
-908.42
-951.80
-1042.60
-1075.11
-1073.46
-1079.47
-1019.22
-949.33
-2676.83
-3327.74
-2971.23
-2407.95
-2974.40
-2454.68
17.47%AOCI
$-36.37
-10.92
-2.37
-70.01
-111.66
-176.71
-108.54
-145.23
-145.71
-177.01
-147.96
-90.08
27.45
-17.43
35.82
305.56%Shareholder's Equity
$1616.89
1508.57
1589.81
1483.85
1446.92
1349.52
1418.14
1342.74
1463.95
-133.75
-188.45
93.80
587.16
79.15
469.19
-8.09%492.81%Liabilities & Equity
$5087.77
5290.81
5683.52
5988.36
6156.24
6764.27
7504.26
8496.89
10975.61
10589.30
14402.32
16460.84
19074.04
18869.59
20030.19
11.64%6.15%Net Income/Loss
$-70.40
-161.90
-36.02
-104.45
-15.77
20.30
7.77
90.34
118.21
-1827.79
-608.79
409.19
734.32
44.19
-32.22
-172.90%Depreciation & Amortization
$356.08
446.25
389.11
384.18
408.13
416.25
468.71
406.75
244.57
278.49
260.10
242.22
283.47
62.34
136.54
-1.88%119.02%Increase/Decrease in Working Capital
$-26.32
-320.40
-51.48
140.31
141.33
-82.19
-128.99
-266.33
287.91
-79.46
-1773.99
-637.85
159.98
-902.30
-917.40
-1.67%Share-based Compensation
$50.05
37.06
28.41
39.03
33.36
32.72
42.76
45.58
48.78
116.89
209.34
110.05
115.96
27.57
31.40
7.25%13.90%Adjustments to Reconcile Net Income
$206.11
529.00
453.49
373.86
315.97
577.19
615.23
851.25
351.57
744.40
2389.35
1422.87
636.48
1111.66
1021.09
9.85%-8.15%Net Cash (Operating)
$135.71
367.10
417.47
269.41
300.20
597.49
623.01
941.59
469.78
-1083.39
1780.57
1832.06
1370.79
1155.85
988.87
21.25%-14.45%Capital Expenditure
$-172.72
-226.09
155.94
365.74
263.43
420.61
322.53
442.19
658.18
274.93
654.67
701.66
547.71
26.96
148.11
449.38%Net Cash (Investing)
$-152.02
-203.79
-143.66
-384.29
-290.99
-426.48
-327.59
-496.91
-691.00
-224.06
-566.96
-784.69
-695.80
-59.79
-170.70
-185.50%Increase/Decrease in Debt
$30.67
1063.18
16.58
-253.77
-63.57
-606.83
-110.86
-400.40
-437.27
-30.99
-109.70
-45.79
-730.64
-604.58
-373.25
38.26%Increase/Decrease in Equity
$76.49
51.07
22.57
14.10
30.65
30.62
35.77
19.26
0.99
1.79
-10.86%79.78%Interest Expenses
$107.29
107.97
86.67
89.34
92.62
96.68
87.11
100.28
103.92
166.40
224.40
180.88
57.37
-5.08%Dividends Paid
$
17.38
32.51
30.64
55.13
46.04
59.19
107.48
41.62
52.37
100.66
239.62
54.91
56.16
2.27%Net Cash (Financing)
$-44.38
-19.89
32.98
240.86
-36.47
99.21
-127.08
188.78
328.89
1350.08
1171.33
-143.34
-87.28
225.70
-478.36
-311.94%Cash Taxes Paid
$37.75
-2.24
45.57
41.47
44.29
30.31
44.87
60.02
66.94
26.15
15.91
43.86
175.15
13.64%Effect of Exchange Rate
$12.19
13.39
-8.66
-43.13
-51.65
-46.76
130.39
-84.08
-11.63
29.57
-43.59
-179.45
38.87
63.32
-69.42
10.15%-209.64%Increase/Decrease in Cash
$-48.51
156.80
298.13
82.84
-78.90
223.47
298.73
549.38
96.04
72.20
2341.35
724.58
626.58
1385.08
270.39
-80.48%Cash (Beginning)
$892.76
844.25
1001.05
1299.18
1382.03
1303.13
1526.59
1828.82
2378.20
2474.24
2546.44
4887.79
5612.37
5612.37
6238.96
16.56%11.16%Cash (Ending)
$844.25
1001.05
1299.18
1382.03
1303.13
1526.59
1825.32
2378.20
2474.24
2546.44
4887.79
5612.37
6238.96
6997.45
6509.35
18.14%-6.98%NOPAT
$23.31
-16.77
-1099.17
10.14
-784.43
72.67
258.54
147.78
207.37
-1678.90
-416.16
668.59
857.44
92.74
367.89
35.04%296.67%Gross Margin %
29.62%
28.66%
27.75%
28.35%
28.28%
27.20%
25.04%
26.14%
26.68%
24.65%
30.51%
26.04%
23.99%
32.35%
30.35%
Operating Margin %
0.34%
-0.37%
2.16%
0.10%
1.81%
2.33%
0.88%
2.53%
2.81%
-88.83%
-6.67%
4.39%
4.69%
4.57%
-0.96%
NOPAT Margin %
0.43%
-0.29%
-16.97%
0.15%
-10.83%
0.87%
2.50%
1.37%
1.80%
-90.21%
-6.64%
4.01%
3.77%
2.97%
9.68%
Net Margin %
-1.54%
-2.81%
-0.67%
-1.32%
-0.45%
0.04%
-0.06%
0.56%
0.61%
-92.66%
-10.38%
1.77%
2.48%
-0.10%
-1.23%
Tax Rate %
-27.14%
22.50%
887.04%
-41.55%
697.10%
62.72%
-182.88%
45.78%
36.16%
-1.56%
0.41%
8.68%
19.58%
35.04%
1107.73%
ROA
0.46%
-0.32%
-19.34%
0.17%
-12.74%
1.07%
3.45%
1.74%
1.89%
-15.85%
-2.89%
4.06%
4.50%
0.49%
1.84%
ROE
1.44%
-1.11%
-69.14%
0.68%
-54.21%
5.38%
18.23%
11.01%
14.17%
1255.24%
220.83%
712.81%
146.03%
117.18%
78.41%
ROIC
0.70%
-0.36%
-33.17%
0.30%
-20.90%
1.82%
6.75%
3.88%
3.57%
-35.21%
-8.40%
11.19%
11.62%
2.09%
6.98%
Asset Turnover
1.06
1.10
1.14
1.15
1.18
1.24
1.38
1.27
1.05
0.18
0.44
1.01
1.19
0.17
0.19
Equity Multiplier
3.15
3.51
3.57
4.04
4.25
5.01
5.29
6.33
7.50
-79.17
-76.42
175.49
32.49
238.41
42.69
Current Ratio
1.06
1.03
0.96
1.13
1.09
1.09
0.88
1.03
1.02
0.96
0.97
0.98
0.96
1.08
0.92
Quick Ratio
0.26
0.24
0.77
0.90
0.84
0.85
0.71
0.86
0.83
0.80
0.87
0.85
0.83
0.92
0.78
Debt/Equity Ratio
1.06
1.15
1.14
1.39
1.41
1.71
1.62
2.10
3.28
-36.70
-30.41
62.94
11.23
83.54
13.26
Interest Coverage Ratio
0.17
-0.20
1.61
0.08
1.42
2.02
1.05
2.72
3.13
-9.93
-1.86
4.05
18.59
Working Capital/Sales
0.01
0.03
0.04
0.04
0.01
0.00
0.00
-0.60
-0.27
-0.06
-0.02
-0.46
-0.29
Dividend Payout Ratio %
1.58%
320.63%
3.91%
75.87%
17.81%
40.05%
51.83%
2.48%
12.58%
15.06%
27.95%
59.21%
15.27%
Total Payout
$0.13
-955.21
87.47
375.63
186.83
758.64
192.93
537.29
634.55
208.37
355.86
291.55
1008.37
658.50
427.63
111.34%-35.06%Payout Ratio %
0.54%
-5695.85%
7.96%
3704.30%
23.82%
1044.01%
74.62%
363.58%
305.99%
12.41%
85.51%
43.61%
117.60%
710.02%
116.24%