Live Nation Entertainment Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
LYV$175.25-3.3%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023
CONSOLIDATED BALANCE SHEETS
| September 30, 2024 | December 31, 2023As Revised | |
|---|---|---|
| ASSETS · (in thousands) | ||
| Current assets | ||
| Cash and cash equivalents | $5,489,919 | $6,231,866 |
| Accounts receivable, less allowance of $87,122 and $82,350, respectively | 2,693,998 | 2,024,649 |
| Prepaid expenses | 1,446,397 | 1,147,581 |
| Restricted cash | 10,884 | 7,090 |
| Other current assets | 133,956 | 122,163 |
| Total current assets | 9,775,154 | 9,533,349 |
| Property, plant and equipment, net | 2,375,868 | 2,101,463 |
| Operating lease assets | 1,642,298 | 1,606,389 |
| Intangible assets | ||
| Definite-lived intangible assets, net | 1,047,987 | 1,161,621 |
| Indefinite-lived intangible assets, net | 380,458 | 377,349 |
| Goodwill | 2,670,008 | 2,691,466 |
| Long-term advances | 577,229 | 623,154 |
| Other long-term assets | 1,278,068 | 934,849 |
| Total assets | $19,747,070 | $19,029,640 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable, client accounts | $2,081,034 | $1,866,864 |
| Accounts payable | 294,765 | 267,493 |
| Accrued expenses | 3,454,183 | 3,030,812 |
| Deferred revenue | 3,034,514 | 3,398,028 |
| Current portion of long-term debt, net | 582,088 | 1,134,386 |
| Current portion of operating lease liabilities | 167,035 | 158,421 |
| Other current liabilities | 66,959 | 128,430 |
| Total current liabilities | 9,680,578 | 9,984,434 |
| Long-term debt, net | 5,672,804 | 5,459,026 |
| Long-term operating lease liabilities | 1,766,897 | 1,686,091 |
| Other long-term liabilities | 673,141 | 488,159 |
| Commitments and contingent liabilities (see Note 6) | ||
| Redeemable noncontrolling interests | 1,023,907 | 859,930 |
| Stockholders' equity | ||
| Common stock | 2,310 | 2,298 |
| Additional paid-in capital | 2,214,938 | 2,367,918 |
| Accumulated deficit | (1,747,806) | (2,443,106) |
| Cost of shares held in treasury | (6,865) | (6,865) |
| Accumulated other comprehensive income (loss) | (174,611) | 27,450 |
| Total Live Nation stockholders' equity | 287,966 | (52,305) |
| Noncontrolling interests | 641,777 | 604,305 |
| Total equity | 929,743 | 552,000 |
| Total liabilities and equity | $19,747,070 | $19,029,640 |
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