| Summarized financial information |
Consolidated Balance Sheets
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December 31, |
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​ |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
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​ |
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amounts in millions |
​ |
Current assets |
​ |
$ |
8,160 |
Ìý |
6,684 |
Ìý |
Property, plant and equipment, net |
​ |
Ìý |
1,488 |
Ìý |
1,092 |
Ìý |
Intangible assets |
​ |
​ |
1,419 |
​ |
1,395 |
​ |
Goodwill |
​ |
Ìý |
2,529 |
Ìý |
2,591 |
Ìý |
Other assets |
​ |
​ |
2,865 |
​ |
2,640 |
​ |
Total assets |
​ |
$ |
16,461 |
Ìý |
14,402 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current liabilities |
​ |
$ |
8,303 |
​ |
6,856 |
​ |
Long-term debt, net |
​ |
​ |
5,283 |
​ |
5,145 |
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Other liabilities |
​ |
​ |
2,111 |
​ |
2,037 |
​ |
Redeemable noncontrolling interests |
​ |
​ |
670 |
​ |
552 |
​ |
Equity |
​ |
​ |
94 |
​ |
(188) |
​ |
Total liabilities and equity |
​ |
$ |
16,461 |
​ |
14,402 |
​ |
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Consolidated Statements of Operations
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YearsÌýendedÌýDecemberÌý31, |
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​ |
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2022 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
​ |
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amounts in millions |
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Revenue |
​ |
$ |
16,681 |
Ìý |
6,268 |
Ìý |
1,861 |
​ |
Operating expenses: |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
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Direct operating expenses |
​ |
​ |
12,337 |
​ |
4,356 |
​ |
1,402 |
​ |
Selling, general and administrative expenses |
​ |
Ìý |
2,956 |
Ìý |
1,755 |
Ìý |
1,524 |
​ |
Depreciation and amortization |
​ |
​ |
450 |
​ |
416 |
​ |
485 |
​ |
Other operating expenses |
​ |
​ |
206 |
​ |
159 |
​ |
103 |
​ |
​ |
​ |
​ |
15,949 |
Ìý |
6,686 |
Ìý |
3,514 |
​ |
Operating income (loss) |
​ |
​ |
732 |
​ |
(418) |
​ |
(1,653) |
​ |
Interest expense |
​ |
​ |
(278) |
​ |
(282) |
​ |
(227) |
​ |
Other income (expense), net |
​ |
​ |
51 |
​ |
89 |
​ |
23 |
​ |
Earnings (loss) before income taxes |
​ |
​ |
505 |
​ |
(611) |
​ |
(1,857) |
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Income tax (expense) benefit |
​ |
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(96) |
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2 |
​ |
29 |
​ |
Net earnings (loss) |
​ |
​ |
409 |
​ |
(609) |
​ |
(1,828) |
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Less net earnings (loss) attributable to noncontrolling interests |
​ |
​ |
113 |
​ |
42 |
​ |
(103) |
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Net earnings (loss) attributable to Live Nation stockholders |
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$ |
296 |
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(651) |
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(1,725) |
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