v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands |
3 Months Ended |
|
|
Income Statement [Abstract] |
|
|
Revenue |
$ 1,482,384
|
$ 1,242,879
|
Operating expenses: |
|
|
Direct operating expenses |
932,084
|
775,261
|
Selling, general and administrative expenses |
434,611
|
383,308
|
Depreciation and amortization |
87,871
|
80,532
|
Loss (gain) on disposal of operating assets |
38
|
(659)
|
Corporate expenses |
33,810
|
25,803
|
Operating loss |
(6,030)
|
(21,366)
|
Interest expense |
29,741
|
26,010
|
Loss on extinguishment of debt |
2,943
|
0
|
Interest income |
(1,183)
|
(945)
|
Equity in earnings of nonconsolidated affiliates |
(3,715)
|
(2,340)
|
Other expense (income), net |
328
|
(2,842)
|
Loss before income taxes |
(34,144)
|
(41,249)
|
Income tax expense |
6,884
|
6,521
|
Net loss |
(41,028)
|
(47,770)
|
Net loss attributable to noncontrolling interests |
(7,122)
|
(14,777)
|
Net loss attributable to common stockholders of Live Nation |
$ (33,906)
|
$ (32,993)
|
Basic and diluted net loss per common share available to common stockholders of Live Nation |
$ (0.24)
|
$ (0.22)
|
Weighted average common shares outstanding: |
|
|
Basic and diluted (in shares) |
206,728,167
|
203,730,897
|
Reconciliation to net loss available to common stockholders of Live Nation: |
|
|
Net loss attributable to common stockholders of Live Nation |
$ (33,906)
|
$ (32,993)
|
Accretion of redeemable noncontrolling interests |
(16,385)
|
(12,577)
|
Net loss available to common stockholders of Live Nation—basic and diluted |
$ (50,291)
|
$ (45,570)
|
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