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