← Live Nation Entertainment, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $2.9m | ($6.0m) | $60.2m | $69.9m | ($1.7b) | ($650.9m) | $296.0m | $563.3m | $896.3m | $496.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($47.0m) | ($97.6m) | ($17.7m) | ($4.9m) | ($1.7b) | ($670.7m) | $149.2m | $315.8m | $638.2m | ($54.8m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $17.4m | $13.8m | $30.1m | $48.3m | ($103.3m) | $42.1m | $113.2m | $171.0m | $234.8m | $194.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $20.3m | $7.8m | $90.3m | $118.2m | ($1.8b) | ($608.8m) | $409.2m | $734.3m | $1.1b | $690.7m | |
| Amortization | $264.4m | $305.9m | $201.2m | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $12.6m | $13.2m | $20.2m | $24.1m | $32.8m | $37.3m | $16.4m | $16.9m | $17.8m | $7.1m | |
| Amortization of Debt Issuance Costs and Discounts | $12.6m | $13.2m | $20.2m | $24.1m | $32.8m | $37.3m | $16.4m | $16.9m | $17.8m | $20.2m | |
| Amortization of Intangible Assets | $178.1m | $202.6m | $190.7m | $223.5m | $239.3m | $193.4m | $216.9m | $237.6m | $249.3m | $264.6m | |
| Amortization of definite-lived intangibles | — | — | — | — | — | — | — | $250.2m | $249.9m | $264.6m | |
| Amortization of non-recoupable ticketing contract advances | $85.1m | $83.3m | $80.1m | $80.3m | $48.0m | $74.4m | $79.0m | $83.7m | $88.7m | $88.4m | |
| Depreciation | $139.3m | $149.6m | $185.4m | $220.5m | $245.7m | $222.8m | $225.8m | $266.6m | $300.0m | $374.3m | |
| Depreciation and amortization | $403.7m | $455.5m | $386.5m | $444.0m | $485.0m | $416.3m | $450.0m | $516.8m | $549.9m | $638.9m | |
| Deferred Income Tax Expense (Benefit) | ($7.9m) | ($71.5m) | ($6.2m) | ($465k) | ($37.9m) | ($9.6m) | $7.2m | ($44.0m) | ($708.6m) | ($20.5m) | |
| Deferred income taxes | ($7.9m) | ($71.5m) | ($6.2m) | ($465k) | ($37.9m) | ($9.6m) | $7.2m | ($44.0m) | ($708.6m) | ($20.5m) | |
| Equity Method Investment, Other than Temporary Impairment | $16.5m | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $20.0m | $10.5m | $0 | $0 | $0 | — | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $26.8m | $23.6m | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | — | — | — | — | — | — | — | — | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $55.0m | $15.4m | $47.5m | $45.8m | $76.9m | $9.5m | $59.8m | $126.7m | |
| Share-based Payment Arrangement, Expense | $32.7m | $42.8m | $45.6m | $48.8m | $116.9m | $209.3m | $110.0m | $116.0m | $110.3m | $155.2m | |
| Share-based Payment Arrangement, Noncash Expense | $32.7m | $42.8m | $45.6m | $48.8m | $116.9m | $209.3m | $110.0m | $116.0m | $110.3m | $155.2m | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | — | $21.0m | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | — | $11.0m | $18.5m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($124k) | $969k | ($10.4m) | $2.4m | ($503k) | $1.2m | $32.1m | $13.9m | $11.0m | $18.5m | |
| Gain (Loss) on Extinguishment of Debt | ($14.0m) | ($1.0m) | ($2.5m) | — | — | $0 | $0 | ($18.5m) | ($2.6m) | ($780k) | |
| Income (Loss) from Equity Method Investments | ($17.8m) | $1.2m | $2.7m | $5.5m | ($5.5m) | $2.5m | $10.6m | ($5.5m) | ($16.7m) | $3.2m | |
| Income Tax Expense (Benefit) | $28.0m | ($17.2m) | $40.8m | $66.9m | ($28.9m) | ($2.5m) | $96.3m | $160.2m | ($391.7m) | $339.8m | |
| Loss on extinguishment of debt | $14.0m | $1.0m | $2.5m | — | — | $0 | $0 | ($18.5m) | ($2.6m) | ($780k) | |
| Other Nonoperating Income (Expense) | ($10.8m) | $115k | ($12.2m) | ($2.1m) | $17.1m | ($3.7m) | ($36.8m) | ($34.9m) | $103.9m | ($57.5m) | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($27.5m) | ($6.9m) | ($11.7m) | ($14.2m) | ($18.3m) | ($11.2m) | ($14.9m) | ($30.5m) | ($32.4m) | ($23.2m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Advances of notes receivable | ($17.2m) | ($19.1m) | ($90.7m) | ($50.0m) | ($57.0m) | ($28.9m) | ($116.0m) | ($181.8m) | ($119.2m) | ($77.6m) | |
| Cash Paid for Acquisition of Right-of-Use Assets | — | — | — | — | — | — | — | $0 | $20.0m | $20.8m | |
| Cash paid for acquisitions, net of cash acquired | ($211.6m) | ($47.9m) | ($120.2m) | ($235.1m) | ($41.1m) | ($384.3m) | ($257.2m) | ($17.5m) | ($98.3m) | ($80.0m) | |
| Collections of notes receivable | $8.1m | $9.7m | $33.9m | $13.2m | $81.0m | $23.8m | $20.5m | $17.1m | $52.3m | $22.9m | |
| Decrease (increase) in accounts receivable | ($146.1m) | ($133.0m) | ($135.4m) | ($159.8m) | $490.6m | ($485.2m) | ($464.0m) | ($550.7m) | $181.4m | ($147.9m) | |
| Equity in losses of nonconsolidated affiliates, net of distributions | $27.5m | $6.9m | $11.7m | $14.2m | $18.3m | $11.2m | $14.9m | $30.5m | $32.4m | $23.2m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($8.8m) | $3.1m | ($11.6m) | $3.2m | $9.0m | $20.6m | $55.8m | $74.5m | $14.7m | ($61.1m) | |
| Gain (Loss) on Investments | — | — | — | — | — | $83.6m | $448k | ($341k) | — | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | — | — | — | — | $15.4m | — | |
| Gain on mark-to-market of investments in nonconsolidated affiliates and crypto assets | — | — | — | — | — | — | — | $47.9m | $102.9m | $12.1m | |
| Gain on sale of operating and fixed assets | — | — | — | — | — | — | — | ($3.0m) | ($7.9m) | ($21.0m) | |
| Goodwill | $1.7b | $1.8b | $1.8b | $2.0b | $2.1b | $2.6b | $2.5b | $2.7b | $2.6b | $2.9b | |
| Income taxes, net of refunds | $30.3m | $44.9m | $60.0m | $66.9m | $26.2m | $15.9m | $43.9m | $175.1m | $253.7m | $313.0m | |
| Increase (Decrease) in Accounts Receivable | $146.1m | $133.0m | $135.4m | $159.8m | ($490.6m) | $485.2m | $464.0m | $550.7m | ($181.4m) | $147.9m | |
| Increase (decrease) in accrued expenses, accounts payable and other liabilities | $193.8m | $474.3m | $323.5m | ($45.9m) | ($1.4b) | $1.3b | $1.0b | $460.5m | $13.8m | ($138.4m) | |
| Increase in deferred revenue | $164.3m | $26.8m | $344.5m | $88.3m | $826.7m | $847.9m | $367.6m | $133.0m | $478.1m | $341.9m | |
| Increase in prepaid expenses and other assets | ($129.7m) | ($239.1m) | ($266.2m) | ($170.5m) | $141.6m | $95.5m | ($267.9m) | ($202.8m) | ($22.2m) | ($343.3m) | |
| Interest, net of interest income | $96.7m | $87.1m | $100.3m | $103.9m | $166.4m | $224.4m | $180.9m | $57.4m | $131.2m | $118.6m | |
| Investment Income, Interest | $2.6m | $5.7m | $9.0m | $14.4m | $11.7m | $6.6m | $77.6m | $237.8m | $156.3m | $150.4m | |
| Investments made in nonconsolidated affiliates | ($28.9m) | ($25.2m) | ($46.5m) | ($57.3m) | ($11.2m) | ($110.6m) | ($91.2m) | ($54.9m) | ($45.7m) | ($39.0m) | |
| Other, net | ($14.0m) | ($5.5m) | ($4.3m) | $0 | $36k | $106k | ($484k) | ($402k) | ($715k) | ($1.7m) | |
| Payments for capped call transactions | — | — | — | — | — | $0 | $0 | ($75.5m) | $0 | $0 | |
| Payments for deferred and contingent consideration | ($20.5m) | ($15.9m) | ($18.8m) | ($26.5m) | ($67.0m) | ($17.3m) | ($44.2m) | ($17.8m) | ($23.7m) | ($11.8m) | |
| Proceeds from Sales of Assets, Investing Activities | — | — | — | — | — | — | — | $1.5m | $7.4m | $25.5m | |
| Proceeds from Stock Options Exercised | $20.3m | $51.1m | $22.6m | $14.1m | $30.6m | $30.6m | $35.8m | $19.3m | $26.1m | $5.1m | |
| Proceeds from exercise of stock options | $20.3m | $51.1m | $22.6m | $14.1m | $30.6m | $30.6m | $35.8m | $19.3m | $26.1m | $5.1m | |
| Provision for uncollectible accounts receivable | $21.7m | $20.3m | $26.3m | $27.9m | $43.1m | ($17.8m) | $68.6m | $78.3m | $1.0m | $30.8m | |
| Purchases of intangible assets | ($6.2m) | ($11.0m) | ($35.6m) | ($42.3m) | ($8.9m) | ($7.1m) | ($6.1m) | ($36.7m) | ($8.5m) | ($7.8m) | |
| Stock-based compensation expense | $32.7m | $42.8m | $45.6m | $48.8m | $116.9m | $209.3m | $110.0m | $116.0m | $110.3m | $155.2m | |
| Unrealized changes in fair value of contingent consideration | ($5.7m) | $18.0m | $14.1m | $6.7m | ($24.4m) | ($6.7m) | $56.7m | $40.2m | ($21.7m) | $91.5m | |
| Net Cash Provided by (Used in) Operating Activities | $597.5m | $623.0m | $941.6m | $469.8m | ($1.1b) | $1.8b | $1.8b | $1.4b | $1.7b | $1.4b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $173.8m | $238.4m | $239.8m | $323.6m | $213.7m | $152.7m | $347.2m | $438.6m | $646.6m | $1.1b | |
| Payments to Acquire Businesses, Net of Cash Acquired | $211.6m | $47.9m | $120.2m | $235.1m | $41.1m | $384.3m | $257.2m | $17.5m | $98.3m | $80.0m | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | $83.6m | ($1.4m) | $979k | — | — | |
| Proceeds (cash derecognized) from sale of investments in nonconsolidated affiliates | — | — | $0 | $1.5m | $19.0m | $90.4m | $3.9m | $1.5m | $19.6m | — | |
| Payments for (Proceeds from) Other Investing Activities | ($11.4m) | ($14.1m) | ($2.1m) | ($4.0m) | ($7.9m) | ($2.3m) | ($8.6m) | ($15.1m) | ($12.2m) | ($13.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($426.5m) | ($327.6m) | ($496.9m) | ($691.0m) | ($224.1m) | ($567.0m) | ($784.7m) | ($695.8m) | ($854.3m) | ($1.2b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from debt, net of debt issuance costs | $844.5m | $60.9m | $858.7m | $937.4m | $1.6b | $903.8m | $122.3m | $1.1b | $1.7b | $3.7b | |
| Payments of long-term debt including extinguishment costs | ($606.8m) | ($110.9m) | ($400.4m) | ($437.3m) | ($31.0m) | ($109.7m) | ($45.8m) | ($730.6m) | ($2.0b) | ($2.0b) | |
| Repayments of Long-term Debt | $606.8m | $110.9m | $400.4m | $437.3m | $31.0m | $109.7m | $45.8m | $730.6m | $2.0b | $2.0b | |
| Common stock repurchases | — | — | — | — | — | — | — | $0 | $0 | $23.5m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $23.5m | |
| Contributions from noncontrolling interests | $88k | $10.7m | $4.9m | $14.3m | $5.4m | $22.0m | $15.0m | $19.6m | $3.0m | $34.6m | |
| Distributions to noncontrolling interests | ($55.1m) | ($46.0m) | ($59.2m) | ($107.5m) | ($41.6m) | ($52.4m) | ($100.7m) | ($239.6m) | ($245.6m) | ($251.0m) | |
| Proceeds from Noncontrolling Interests | — | $10.7m | $4.9m | $14.3m | $5.4m | $22.0m | $15.0m | $19.6m | $3.0m | $34.6m | |
| Purchases and sales of noncontrolling interest, net | ($69.1m) | ($71.5m) | ($159.6m) | ($50.3m) | ($106.2m) | ($9.6m) | ($48.3m) | ($113.8m) | ($69.9m) | ($883.6m) | |
| Proceeds from (Payments for) Other Financing Activities | ($14.0m) | ($5.5m) | ($4.3m) | $0 | $36k | $106k | ($484k) | ($402k) | ($715k) | ($1.7m) | |
| Net Cash Provided by (Used in) Financing Activities | $99.2m | ($127.1m) | $188.8m | $328.9m | $1.4b | $1.2b | ($143.3m) | ($87.3m) | ($658.5m) | $406.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($46.8m) | $130.4m | ($84.1m) | ($11.6m) | $29.6m | ($43.6m) | ($179.4m) | $38.9m | ($345.2m) | $425.5m | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($46.8m) | $130.4m | ($84.1m) | ($11.6m) | $29.6m | ($43.6m) | ($179.4m) | $38.9m | ($345.2m) | $425.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($46.8m) | $130.4m | ($84.1m) | $96.0m | $72.2m | $2.3b | $724.6m | $626.6m | ($132.8m) | $1.0b | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $224.7m | $299.2m | $549.4m | $96.0m | $72.2m | $2.3b | $724.6m | $626.6m | ($132.8m) | $1.0b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($46.8m) | $130.4m | $2.4b | $2.5b | $2.5b | $4.9b | $5.6b | $6.2b | $6.1b | $7.1b | |
| Cash, cash equivalents and restricted cash at beginning of period | $1.5b | $1.8b | $2.4b | $2.5b | $2.5b | $4.9b | $5.6b | $6.2b | $6.1b | $7.1b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $103.9m | $166.4m | $224.4m | $180.9m | $57.4m | $131.2m | $118.6m | |
| Income Taxes Paid, Net | $30.3m | $44.9m | $60.0m | $66.9m | $26.2m | $15.9m | $43.9m | $175.1m | $253.7m | $313.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.