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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,538 2,3721,8251,5271,303
Cash and cash equivalents2,538 2,3721,8251,5271,303
Restricted cash and investments9 7   
Receivables487 829725569453
Inventory, net of allowances, customer advances and progress billings22 13171514
Inventory22 13171514
Prepaid expense577 598547528496
Other current assets39 43555036
Other undisclosed current assets(22) (13)(17)(15)(14)
Total current assets:3,650 3,8483,1532,6742,288
Noncurrent Assets
Operating lease, right-of-use asset1,424 
Property, plant and equipment1,101 947886752731
Intangible assets, net (including goodwill)3,354 2,8532,8532,9282,751
Goodwill2,129 1,8231,7551,7471,604
Intangible assets, net (excluding goodwill)1,225 1,0301,0981,1811,147
Prepaid expense669 421   
Other noncurrent assets391 428613411385
Total noncurrent assets:6,940 4,6494,3524,0913,868
TOTAL ASSETS:10,589 8,4977,5046,7646,156
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities981 1,3361,195837745
Accounts payable86 90865559
Accrued liabilities894 1,2451,109781687
Deferred revenue1,839 
Debt53 823485342
Deferred revenue and credits925805619
Other liabilities72 671613932
Other undisclosed current liabilities851 2,265949726663
Total current liabilities:3,797 3,7503,5772,4602,101
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,855 2,7331,9522,2602,003
Operating lease, liability1,446 
Other undisclosed long-term debt and lease obligation3,409 2,7331,9522,2602,003
Liabilities, other than long-term debt353 205174150342
Deferred tax liabilities, net   199
Deferred income tax liabilities171 
Other liabilities183 205174150142
Other undisclosed noncurrent liabilities1,446 137138198 
Total noncurrent liabilities:6,654 3,0752,2642,6072,344
Total liabilities:10,451 6,8255,8415,0684,446
Temporary equity, carrying amount272 329245347264
Stockholders' equity
Stockholders' equity attributable to parent(472) 1,0991,1811,1261,237
Common stock2 2222
Treasury stock, value(7) (7)(7)(7)(7)
Additional paid in capital2,387 2,2682,3742,3812,429
Accumulated other comprehensive loss(177) (145)(109)(177)(112)
Accumulated deficit(2,677) (1,019)(1,079)(1,073)(1,075)
Stockholders' equity attributable to noncontrolling interest338 244237224210
Total stockholders' equity:(134) 1,3431,4181,3501,447
TOTAL LIABILITIES AND EQUITY:10,589 8,4977,5046,7646,156

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,861 10,78810,3378,3557,246
Cost of revenue
(Cost of Goods and Services Sold)
(1,402) (7,968)(7,749)(6,083)(5,196)
Gross profit:459 2,8202,5892,2722,049
Operating expenses(2,112) (2,547)(2,497)(2,077)(1,918)
Operating income (loss):(1,653) 27391195131
Nonoperating income (expense)29 (3)6(8)(24)
Investment income, nonoperating12 9634
Other nonoperating income (expense)17 (12)0(11)(27)
Interest and debt expense(227) (141)(108)(121)(103)
Income (loss) from continuing operations before equity method investments, income taxes:(1,851) 128(11)665
Income (loss) from equity method investments(5) 31(18)2
Income (loss) from continuing operations before income taxes:(1,857) 131(9)486
Income tax expense (benefit)29 (41)17(28)(22)
Net income (loss):(1,828) 90820(16)
Net income (loss) attributable to noncontrolling interest103 (30)(14)(17)(17)
Net income (loss) attributable to parent:(1,725) 60(6)3(33)
Preferred stock dividends and other adjustments1 (78)(92)(50)(33)
Net loss available to common stockholders, diluted:(1,723) (18)(98)(47)(66)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1,828) 90820(16)
Other comprehensive income (loss)(31) (37)68(65)(42)
Comprehensive income (loss):(1,859) 5476(45)(57)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest103 (30)(14)(17)(17)
Comprehensive income (loss), net of tax, attributable to parent:(1,756) 2462(62)(74)

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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