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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,2325,9497,1296,9925,6064,951
Cash and cash equivalents6,2325,9497,1296,9925,6064,951
Restricted cash and investments778565
Receivables2,0692,5031,8901,6571,4651,990
Inventory, net of allowances, customer advances and progress billings 45   39 
Inventory 45   39 
Prepaid expense1,1481,4251,6291,323950909
Other current assets12212412211913273
Other undisclosed current assets (45)   (39) 
Total current assets:9,57810,00710,77710,0978,1607,927
Noncurrent Assets
Operating lease, right-of-use asset1,6061,5941,5831,5811,5711,616
Property, plant and equipment2,1011,9561,9041,8871,4881,098
Intangible assets, net (including goodwill)4,2304,1544,1164,0013,9493,875
Goodwill2,6912,6542,6192,5772,5292,548
Intangible assets, net (excluding goodwill)1,5391,5001,4961,4231,4191,326
Prepaid expense623511655595569596
Other noncurrent assets935920891709725675
Total noncurrent assets:9,4969,1349,1488,7728,3017,860
TOTAL ASSETS:19,07419,14119,92518,87016,46115,787
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2743,5923,0722,1752,5492,959
Accounts payable267277294173180195
Accrued liabilities3,0063,3152,7792,0022,3682,764
Deferred revenue3,3983,0845,0265,1033,1352,269
Debt1,134515164620620
Other liabilities12813256736965
Other undisclosed current liabilities2,0251,8921,8181,9591,9311,722
Total current liabilities:9,9608,75210,0249,3748,3037,634
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,4596,5466,5556,5485,2835,120
Other undisclosed long-term debt and lease obligation5,4596,5466,5556,5485,2833,431
Liabilities, other than long-term debt2,1742,1422,2222,1582,110345
Other liabilities488469562511456345
Operating lease, liability1,6861,6741,6601,6471,6551,689
Other undisclosed noncurrent liabilities      1,689
Total noncurrent liabilities:7,6338,6888,7778,7067,3947,155
Total liabilities:17,59317,44018,80018,08015,69714,789
Temporary equity, carrying amount894836754710670599
Equity
Equity, attributable to parent(17)222(187)(461)(368)(75)
Common stock222222
Treasury stock, value(7)(7)(7)(7)(7)(7)
Additional paid in capital2,3682,4112,4392,5362,6982,852
Accumulated other comprehensive income (loss)271259(17)(90)(154)
Accumulated deficit(2,408)(2,197)(2,681)(2,974)(2,971)(2,768)
Equity, attributable to noncontrolling interest604643559540461473
Total equity:5878653717994399
TOTAL LIABILITIES AND EQUITY:19,07419,14119,92518,87016,46115,787

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues5,8398,1525,6313,1274,2916,154
Cost of revenue
(Cost of Goods and Services Sold)
(4,681)(6,330)(4,165)(2,116)(3,292)(4,708)
Gross profit:1,1581,8221,4661,0129991,446
Operating expenses(1,239)(1,203)(1,080)(869)(1,119)(939)
Operating income (loss):(81)619386143(120)506
Nonoperating income525963291718
Investment income, nonoperating637856403126
Other nonoperating income (expense)(11)(19)7(12)(14)(8)
Interest and debt expense(93)(86)(82)(108)(73)(71)
Income (loss) from continuing operations before equity method investments, income taxes:(123)59136764(176)454
Income (loss) from equity method investments(21)56419(14)
Income (loss) from continuing operations before income taxes:(143)59737368(157)439
Income tax expense(39)(56)(42)(24)(11)(42)
Income (loss) from continuing operations:(182)54133144(168)397
Income before gain (loss) on sale of properties:397
Net income (loss):(182)54133144(168)397
Net loss attributable to noncontrolling interest(29)(57)(38)(47)(35)(36)
Net income (loss) attributable to parent:(211)483294(3)(203)361
Preferred stock dividends and other adjustments(75)(61)(57)(55)(49)(30)
Net income (loss) available to common stockholders, basic:(286)423237(58)(252)331
Interest on convertible debt  1111  6
Other undisclosed net loss available to common stockholders, diluted (8)   (12) 
Net income (loss) available to common stockholders, diluted:(294)433248(58)(264)338

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(182)54133144(168)397
Other comprehensive income15  7364 
Other undisclosed comprehensive income (loss)  (47)77  (24)
Comprehensive income (loss):(167)494408117(104)373
Comprehensive loss, net of tax, attributable to noncontrolling interest(29)(57)(38)(47)(35)(36)
Comprehensive income (loss), net of tax, attributable to parent:(196)43637069(139)337

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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