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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,1296,9925,6064,9515,8605,872
Cash and cash equivalents7,1296,9925,6064,9515,8605,872
Restricted cash and investments856563
Receivables1,8901,6571,4651,9901,4561,210
Inventory, net of allowances, customer advances and progress billings   39   
Inventory   39   
Prepaid expense1,6291,3239509091,154963
Other current assets122119132737562
Other undisclosed current assets   (39)   
Total current assets:10,77710,0978,1607,9278,5518,110
Noncurrent Assets
Operating lease, right-of-use asset1,5831,5811,5711,6161,5971,650
Property, plant and equipment1,9041,8871,4881,0981,0891,086
Intangible assets, net (including goodwill)4,1164,0013,9493,8753,9423,978
Goodwill2,6192,5772,5292,5482,5632,605
Intangible assets, net (excluding goodwill)1,4961,4231,4191,3261,3791,373
Prepaid expense655595569596612577
Other noncurrent assets891709725675630605
Total noncurrent assets:9,1488,7728,3017,8607,8707,896
TOTAL ASSETS:19,92518,87016,46115,78716,42116,007
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0722,1752,5492,9592,4131,578
Accounts payable29417318019522067
Accrued liabilities2,7792,0022,3682,7642,1931,511
Deferred revenue5,0265,1033,1352,2693,7664,050
Debt5164620620607611
Other liabilities567369657795
Other undisclosed current liabilities1,8181,9591,9311,7221,7691,943
Total current liabilities:10,0249,3748,3037,6348,6328,278
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,5556,5485,2835,1205,1405,147
Other undisclosed long-term debt and lease obligation6,5556,5485,2833,4313,4903,438
Liabilities, other than long-term debt2,2222,1582,110345399437
Other liabilities562511456345399437
Operating lease, liability1,6601,6471,6551,6891,6501,709
Other undisclosed noncurrent liabilities    1,6891,6501,709
Total noncurrent liabilities:8,7778,7067,3947,1557,1897,292
Total liabilities:18,80018,08015,69714,78915,82115,571
Temporary equity, carrying amount754710670599565582
Equity
Equity, attributable to parent(187)(461)(368)(75)(410)(518)
Common stock222222
Treasury stock, value(7)(7)(7)(7)(7)(7)
Additional paid in capital2,4392,5362,6982,8522,8542,889
Accumulated other comprehensive income (loss)59(17)(90)(154)(130)(84)
Accumulated deficit(2,681)(2,974)(2,971)(2,768)(3,130)(3,317)
Equity, attributable to noncontrolling interest559540461473445372
Total equity:371799439935(146)
TOTAL LIABILITIES AND EQUITY:19,92518,87016,46115,78716,42116,007

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues5,6313,1274,2916,1544,4341,803
Cost of revenue
(Cost of Goods and Services Sold)
(4,165)(2,116)(3,292)(4,708)(3,267)(1,071)
Gross profit:1,4661,0129991,4461,167732
Operating expenses(1,080)(869)(1,119)(939)(848)(705)
Operating income (loss):386143(120)50631927
Nonoperating income (expense)632917188(2)
Investment income, nonoperating56403126147
Other nonoperating income (expense)7(12)(14)(8)(6)(9)
Interest and debt expense(82)(108)(73)(71)(68)(67)
Income (loss) from continuing operations before equity method investments, income taxes:36764(176)454258(42)
Income (loss) from equity method investments6419(14)24
Income (loss) from continuing operations before income taxes:37368(157)439260(37)
Income tax expense(42)(24)(11)(42)(32)(12)
Income (loss) from continuing operations:33144(168)397228(49)
Income (loss) before gain (loss) on sale of properties:397228(49)
Net income (loss):33144(168)397228(49)
Net loss attributable to noncontrolling interest(38)(47)(35)(36)(41)(1)
Net income (loss) attributable to parent:294(3)(203)361188(50)
Preferred stock dividends and other adjustments(57)(55)(49)(30)(33)(36)
Net income (loss) available to common stockholders, basic:237(58)(252)331155(86)
Interest on convertible debt11  66 
Other undisclosed net loss available to common stockholders, diluted   (12)   
Net income (loss) available to common stockholders, diluted:248(58)(264)338162(86)

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):33144(168)397228(49)
Other comprehensive income  7364  64
Other undisclosed comprehensive income (loss)77  (24)(45) 
Comprehensive income (loss):408117(104)37318315
Comprehensive loss, net of tax, attributable to noncontrolling interest(38)(47)(35)(36)(41)(1)
Comprehensive income (loss), net of tax, attributable to parent:37069(139)33714313

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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