Live Nation Entertainment, Inc. (LYV) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8852,538 2,3721,8251,527
Cash and cash equivalents4,8852,538 2,3721,8251,527
Restricted cash and investments39 7  
Receivables1,067487 829725569
Inventory, net of allowances, customer advances and progress billings3422 131715
Inventory3422 131715
Prepaid expense655577 598547528
Other current assets7539 435550
Other undisclosed current assets(34)(22) (13)(17)(15)
Total current assets:6,6843,650 3,8483,1532,674
Noncurrent Assets
Operating lease, right-of-use asset1,5391,424 
Property, plant and equipment1,0921,101 947886752
Intangible assets, net (including goodwill)3,9863,354 2,8532,8532,928
Goodwill2,5912,129 1,8231,7551,747
Intangible assets, net (excluding goodwill)1,3951,225 1,0301,0981,181
Prepaid expense553669 421  
Other noncurrent assets548391 428613411
Total noncurrent assets:7,7186,940 4,6494,3524,091
TOTAL ASSETS:14,40210,589 8,4977,5046,764
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,757981 1,3361,195837
Accounts payable11186 908655
Accrued liabilities1,646894 1,2451,109781
Deferred revenue2,7751,839 
Debt58553 8234853
Deferred revenue and credits925805
Other liabilities8372 6716139
Other undisclosed current liabilities1,656851 2,265949726
Total current liabilities:6,8563,797 3,7503,5772,460
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,1454,855 2,7331,9522,260
Operating lease, liability1,6061,446 
Other undisclosed long-term debt and lease obligation3,5393,409 2,7331,9522,260
Liabilities, other than long-term debt432353 205174150
Deferred income tax liabilities 171 
Other liabilities432183 205174150
Other undisclosed noncurrent liabilities1,6061,446 137138198
Total noncurrent liabilities:7,1836,654 3,0752,2642,607
Total liabilities:14,03910,451 6,8255,8415,068
Temporary equity, carrying amount552272 329245347
Stockholders' equity
Stockholders' equity attributable to parent(583)(472) 1,0991,1811,126
Common stock22 222
Treasury stock, value(7)(7) (7)(7)(7)
Additional paid in capital2,8982,387 2,2682,3742,381
Accumulated other comprehensive loss(148)(177) (145)(109)(177)
Accumulated deficit(3,328)(2,677) (1,019)(1,079)(1,073)
Stockholders' equity attributable to noncontrolling interest394338 244237224
Total stockholders' equity:(188)(134) 1,3431,4181,350
TOTAL LIABILITIES AND EQUITY:14,40210,589 8,4977,5046,764

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues6,2681,861 10,78810,3378,355
Cost of revenue
(Cost of Goods and Services Sold)
(4,356)(1,402) (7,968)(7,749)(6,083)
Gross profit:1,912459 2,8202,5892,272
Operating expenses(2,330)(2,112) (2,547)(2,497)(2,077)
Operating income (loss):(418)(1,653) 27391195
Nonoperating income (expense)8729 (3)6(8)
Investment income, nonoperating9012 963
Other nonoperating income (expense)(4)17 (12)0(11)
Interest and debt expense(282)(227) (141)(108)(121)
Income (loss) from continuing operations before equity method investments, income taxes:(614)(1,851) 128(11)66
Income (loss) from equity method investments3(5) 31(18)
Income (loss) from continuing operations before income taxes:(611)(1,857) 131(9)48
Income tax expense (benefit)229 (41)17(28)
Net income (loss):(609)(1,828) 90820
Net income (loss) attributable to noncontrolling interest(42)103 (30)(14)(17)
Net income (loss) attributable to parent:(651)(1,725) 60(6)3
Preferred stock dividends and other adjustments(20)1 (78)(92)(50)
Net loss available to common stockholders, diluted:(671)(1,723) (18)(98)(47)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(609)(1,828) 90820
Other comprehensive income (loss)29(31) (37)68(65)
Comprehensive income (loss):(580)(1,859) 5476(45)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(42)103 (30)(14)(17)
Comprehensive income (loss), net of tax, attributable to parent:(622)(1,756) 2462(62)

Statements sources

The financial statements are based on the company's filings with the 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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