Live Nation Entertainment, Inc. (LYV) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4702,3721,8251,5271,3031,3821,299
Cash and cash equivalents2,4702,3721,8251,5271,3031,3821,299
Restricted cash and investments47     
Receivables995829725569453419439
Inventory, net of allowances, customer advances and progress billings16131715141312
Inventory16131715141312
Prepaid expense667598547528496440378
Other current assets57435550362643
Other undisclosed current assets(16)(13)(17)(15)(14)(13)(12)
Total current assets:4,1933,8483,1532,6742,2882,2682,160
Noncurrent Assets
Operating lease, right-of-use asset1,402
Property, plant and equipment1,118947886752731695707
Long-term investments and receivables     12740
Long-term investments     12740
Intangible assets, net (including goodwill)3,2382,8532,8532,9282,7512,5312,520
Goodwill1,9981,8231,7551,7471,6041,4791,467
Intangible assets, net (excluding goodwill)1,2391,0301,0981,1811,1471,0521,053
Prepaid expense594421   246151
Deferred costs     2015
Other noncurrent assets431428613411385494296
Other undisclosed noncurrent assets     (394)(206)
Total noncurrent assets:6,7834,6494,3524,0913,8683,7213,523
TOTAL ASSETS:10,9768,4977,5046,7646,1565,9885,684
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4921,3361,195837745890933
Accounts payable1009086555974111
Accrued liabilities1,3911,2451,109781687676669
Employee-related liabilities     140153
Deferred revenue1,391
Debt3882348534247278
Deferred revenue and credits925805619543486
Other liabilities596716139321254
Other undisclosed current liabilities1,1282,265949726663518503
Total current liabilities:4,1083,7503,5772,4602,1012,0112,256
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2712,7331,9522,2602,0032,0161,530
Operating lease, liability1,374
Other undisclosed long-term debt and lease obligation1,8972,7331,9522,2602,0032,0161,530
Liabilities, other than long-term debt309205174150342370265
Deferred revenue and credits   55
Accounts payable and accrued liabilities     56 
Deferred tax liabilities, net   199197162
Deferred income tax liabilities178
Liability for uncertainty in income taxes      13
Other liabilities13120517415014211285
Other undisclosed noncurrent liabilities1,374137138198 (61)(18)
Total noncurrent liabilities:4,9553,0752,2642,6072,3442,3251,777
Total liabilities:9,0626,8255,8415,0684,4464,3364,033
Temporary equity, carrying amount44932924534726416961
Stockholders' equity
Stockholders' equity attributable to parent1,1461,0991,1811,1261,2371,2971,409
Common stock2222222
Treasury stock, value(7)(7)(7)(7)(7)(7)(7)
Additional paid in capital2,2462,2682,3742,3812,4292,4142,368
Accumulated other comprehensive loss(146)(145)(109)(177)(112)(70)(2)
Accumulated deficit(949)(1,019)(1,079)(1,073)(1,075)(1,043)(952)
Stockholders' equity attributable to noncontrolling interest318244237224210187181
Total stockholders' equity:1,4641,3431,4181,3501,4471,4841,590
TOTAL LIABILITIES AND EQUITY:10,9768,4977,5046,7646,1565,9885,684

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11,54810,78810,3378,3557,2466,8676,479
Cost of revenue
(Cost of Goods and Services Sold)
(8,467)(7,968)(7,749)(6,083)(5,196)(4,920)(4,681)
Gross profit:3,0812,8202,5892,2722,0491,9471,798
Operating expenses(2,756)(2,547)(2,497)(2,077)(1,918)(1,957)(1,684)
Other undisclosed operating income     1726
Operating income:325273911951317140
Nonoperating income (expense)12(3)6(8)(24)(34)(1)
Investment income, nonoperating14963445
Foreign currency transaction loss, before tax     (29)(3)
Other nonoperating income (expense)(2)(12)0(11)(27)(8)(3)
Interest and debt expense(158)(141)(108)(121)(103)(107)(148)
Income (loss) from continuing operations before equity method investments, income taxes:180128(11)665(133)(9)
Income (loss) from equity method investments531(18)241
Other undisclosed income from continuing operations before income taxes     293
Income (loss) from continuing operations before income taxes:185131(9)486(100)(5)
Income tax expense (benefit)(67)(41)17(28)(22)(5)(31)
Net income (loss):11890820(16)(104)(36)
Net income (loss) attributable to noncontrolling interest(48)(30)(14)(17)(17)14(7)
Net income (loss) attributable to parent:7060(6)3(33)(91)(43)
Preferred stock dividends and other adjustments(75)(78)(92)(50)(33)(6) 
Net loss available to common stockholders, diluted:(5)(18)(98)(47)(66)(96)(43)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):11890820(16)(104)(36)
Other comprehensive income (loss)(0)(37)68(65)(42)(68)9
Comprehensive income (loss):1185476(45)(57)(172)(27)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(48)(30)(14)(17)(17)147
Other undisclosed comprehensive loss, net of tax, attributable to parent      (15)
Comprehensive income (loss), net of tax, attributable to parent:692462(62)(74)(158)(35)

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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