Live Nation Entertainment Inc. (LYV) Financial Statements (2024 and earlier)

Company Profile

Business Address 9348 CIVIC CENTER DRIVE
BEVERLY HILLS, CA 90210
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 79 - Amusement And Recreation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,2325,6064,8852,5382,4702,372
Cash and cash equivalents6,2325,6064,8852,5382,4702,372
Restricted cash and investments763947
Receivables2,0691,4651,067487995829
Inventory, net of allowances, customer advances and progress billings 453934221613
Inventory 453934221613
Prepaid expense1,148950655577667598
Other current assets12213275395743
Other undisclosed current assets (45)(39)(34)(22)(16)(13)
Total current assets:9,5788,1606,6843,6504,1933,848
Noncurrent Assets
Operating lease, right-of-use asset1,6061,5711,5391,4241,402
Property, plant and equipment2,1011,4881,0921,1011,118947
Intangible assets, net (including goodwill)4,2303,9493,9863,3543,2382,853
Goodwill2,6912,5292,5912,1291,9981,823
Intangible assets, net (excluding goodwill)1,5391,4191,3951,2251,2391,030
Prepaid expense623569553669594421
Other noncurrent assets935725548391431428
Total noncurrent assets:9,4968,3017,7186,9406,7834,649
TOTAL ASSETS:19,07416,46114,40210,58910,9768,497
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2742,5491,7579811,4921,336
Accounts payable2671801118610090
Accrued liabilities3,0062,3681,6468941,3911,245
Deferred revenue3,3983,1352,7751,8391,391
Debt1,134620585533882
Other liabilities1286983725967
Other undisclosed current liabilities2,0251,9311,6568511,1282,265
Total current liabilities:9,9608,3036,8563,7974,1083,750
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,4595,2835,1454,8553,2712,733
Other undisclosed long-term debt and lease obligation5,4595,2833,5393,4091,8972,733
Liabilities, other than long-term debt2,1742,110432353309205
Deferred income tax liabilities    171178
Other liabilities488456432183131205
Operating lease, liability1,6861,6551,6061,4461,374
Other undisclosed noncurrent liabilities   1,6061,4461,374137
Total noncurrent liabilities:7,6337,3947,1836,6544,9553,075
Total liabilities:17,59315,69714,03910,4519,0626,825
Temporary equity, carrying amount894670552272449329
Equity
Equity, attributable to parent(17)(368)(583)(472)1,1461,099
Common stock222222
Treasury stock, value(7)(7)(7)(7)(7)(7)
Additional paid in capital2,3682,6982,8982,3872,2462,268
Accumulated other comprehensive income (loss)27(90)(148)(177)(146)(145)
Accumulated deficit(2,408)(2,971)(3,328)(2,677)(949)(1,019)
Equity, attributable to noncontrolling interest604461394338318244
Total equity:58794(188)(134)1,4641,343
TOTAL LIABILITIES AND EQUITY:19,07416,46114,40210,58910,9768,497

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues22,74916,6816,2681,86111,54810,788
Cost of revenue
(Cost of Goods and Services Sold)
(17,292)(12,338)(4,356)(1,402)(8,467)(7,968)
Gross profit:5,4574,3441,9124593,0812,820
Operating expenses(4,391)(3,612)(2,330)(2,112)(2,756)(2,547)
Operating income (loss):1,066732(418)(1,653)325273
Nonoperating income (expense)20341872912(3)
Investment income, nonoperating237789012149
Other nonoperating income (expense)(35)(37)(4)17(2)(12)
Interest and debt expense(369)(278)(282)(227)(158)(141)
Income (loss) from continuing operations before equity method investments, income taxes:900495(614)(1,851)180128
Income (loss) from equity method investments(5)113(5)53
Income (loss) from continuing operations before income taxes:895505(611)(1,857)185131
Income tax expense (benefit)(160)(96)229(67)(41)
Income (loss) from continuing operations:734409(609)(1,828)11890
Income (loss) before gain (loss) on sale of properties:(609)(1,828)11890
Net income (loss):734409(609)(1,828)11890
Net income (loss) attributable to noncontrolling interest(171)(113)(42)103(48)(30)
Net income (loss) attributable to parent:563296(651)(1,725)7060
Preferred stock dividends and other adjustments(247)(147)(20)1(75)(78)
Net income (loss) available to common stockholders, basic:316149(671)(1,723)(5)(18)
Interest on convertible debt      
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:316149(671)(1,723)(5)(18)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):734409(609)(1,828)11890
Other comprehensive income (loss)1185829(31)(0)(37)
Other undisclosed comprehensive income      
Comprehensive income (loss):852467(580)(1,859)11854
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(171)(113)(42)103(48)(30)
Comprehensive income (loss), net of tax, attributable to parent:681354(622)(1,756)6924

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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