| Schedule Of Equity Ownership And Carrying Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2021 |
|
December 31, 2020 |
|
|
|
Percentage |
|
Fair Value |
|
Carrying |
|
Carrying |
|
|
|
ownership |
|
(Level 1) |
|
amount |
|
amount |
|
|
|
|
dollar amounts in millions |
|
Liberty SiriusXM Group |
|
|
|
|
|
|
|
|
|
|
|
Live Nation |
|
31% |
|
$ |
8,336 |
|
$ |
89 |
|
163 |
|
Sirius XM Canada |
|
70% |
|
|
NA |
|
|
642 |
|
643 |
|
Other |
|
|
|
|
|
|
|
74 |
|
80 |
|
Total Liberty SiriusXM Group |
|
|
|
|
|
|
|
805 |
|
886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Braves Group |
|
|
|
|
|
|
|
|
|
|
|
Other |
|
NA |
|
|
NA |
|
|
110 |
|
94 |
|
Total Braves Group |
|
|
|
|
|
|
|
110 |
|
94 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Formula One Group |
|
|
|
|
|
|
|
|
|
|
|
Other |
|
various |
|
|
NA |
|
|
30 |
|
38 |
|
Total Formula One Group |
|
|
|
|
|
|
|
30 |
|
38 |
|
Consolidated Liberty |
|
|
|
|
|
|
$ |
945 |
|
1,018 |
|
|
| Summarized financial information |
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
|
2021 |
|
2020 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
6,684 |
|
3,650 |
|
Property, plant and equipment, net |
|
|
1,092 |
|
1,101 |
|
Intangible assets |
|
|
1,395 |
|
1,225 |
|
Goodwill |
|
|
2,591 |
|
2,129 |
|
Other assets |
|
|
2,640 |
|
2,484 |
|
Total assets |
|
$ |
14,402 |
|
10,589 |
|
|
|
|
|
|
|
|
Current liabilities |
|
$ |
6,856 |
|
3,797 |
|
Long-term debt, net |
|
|
5,145 |
|
4,855 |
|
Other liabilities |
|
|
2,037 |
|
1,799 |
|
Redeemable noncontrolling interests |
|
|
552 |
|
272 |
|
Equity |
|
|
(188) |
|
(134) |
|
Total liabilities and equity |
|
$ |
14,402 |
|
10,589 |
|
Consolidated Statements of Operations
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2021 |
|
2020 |
|
2019 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
6,268 |
|
1,861 |
|
11,548 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
Direct operating expenses |
|
|
4,356 |
|
1,402 |
|
8,467 |
|
Selling, general and administrative expenses |
|
|
1,755 |
|
1,524 |
|
2,145 |
|
Depreciation and amortization |
|
|
416 |
|
485 |
|
444 |
|
Other operating expenses |
|
|
159 |
|
103 |
|
167 |
|
|
|
|
6,686 |
|
3,514 |
|
11,223 |
|
Operating income (loss) |
|
|
(418) |
|
(1,653) |
|
325 |
|
Interest expense |
|
|
(282) |
|
(227) |
|
(158) |
|
Other income (expense), net |
|
|
89 |
|
23 |
|
18 |
|
Earnings (loss) before income taxes |
|
|
(611) |
|
(1,857) |
|
185 |
|
Income tax (expense) benefit |
|
|
2 |
|
29 |
|
(67) |
|
Net earnings (loss) |
|
|
(609) |
|
(1,828) |
|
118 |
|
Less net earnings (loss) attributable to noncontrolling interests |
|
|
42 |
|
(103) |
|
48 |
|
Net earnings (loss) attributable to Live Nation stockholders |
|
$ |
(651) |
|
(1,725) |
|
70 |
|
|