Live Nation Entertainment (LYV) Financials

$134.28 -1.84 (-1.35%)

Closing price 03:59 PM Eastern

Extended Trading

$133.27 -1.01 (-0.76%)

As of 07:52 PM Eastern

Annual Income Statements for Live Nation Entertainment

This table shows Live Nation Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-33	-47	-98	-18	70	-1,725	-651	266	557	896
Consolidated Net Income / (Loss)	-16	20	7.77	90	118	-1,828	-609	375	704	1,131
Net Income / (Loss) Continuing Operations	-16	20	7.77	90	118	-1,828	-609	375	704	1,131
Total Pre-Tax Income	6.35	48	-9.38	131	185	-1,857	-611	491	913	739
Total Operating Income	131	195	91	273	325	-1,653	-418	722	1,085	825
Total Gross Profit	2,049	2,187	2,505	2,820	3,081	459	1,912	4,334	5,476	5,827
Total Revenue	7,246	7,826	9,687	10,788	11,548	1,861	6,268	16,681	22,726	23,156
Operating Revenue	7,246	7,826	9,687	10,788	11,548	1,861	6,268	16,681	22,726	23,156
Total Cost of Revenue	5,196	5,639	7,182	7,968	8,467	1,402	4,356	12,348	17,251	17,328
Operating Cost of Revenue	5,196	5,639	7,182	7,968	8,467	1,402	4,356	12,348	17,251	17,328
Total Operating Expenses	1,918	1,992	2,414	2,547	2,756	2,112	2,330	3,612	4,391	5,003
Selling, General & Admin Expense	1,520	1,674	2,043	2,150	2,314	1,626	1,915	3,194	3,888	4,464
Depreciation Expense	397	319	372	387	444	485	416	450	517	550
Other Special Charges / (Income)	0.85	0.12	-0.97	10	-2.37	0.50	-1.21	-32	-14	-11
Total Other Income / (Expense), net	-125	-147	-101	-141	-140	-203	-193	-232	-172	-85
Interest Expense	103	121	108	141	158	227	282	278	369	329
Interest & Investment Income	5.03	-15	6.88	12	21	4.55	93	88	232	140
Other Income / (Expense), net	-27	-11	0.12	-12	-3.20	19	-3.69	-41	-35	104
Income Tax Expense	22	28	-17	41	67	-29	-2.48	116	209	-392
Net Income / (Loss) Attributable to Noncontrolling Interest	17	17	14	30	48	-103	42	108	147	235
Basic Earnings per Share	($0.33)	($0.23)	($0.48)	($0.09)	($0.02)	($8.12)	($3.09)	$0.53	$1.35	$2.77
Weighted Average Basic Shares Outstanding	200.97M	202.08M	204.92M	207.44M	210.08M	212.27M	217.19M	224.81M	228.63M	230.12M
Diluted Earnings per Share	($0.33)	($0.23)	($0.48)	($0.09)	($0.02)	($8.12)	($3.09)	$0.52	$1.34	$2.74
Weighted Average Diluted Shares Outstanding	200.97M	202.08M	204.92M	207.44M	210.08M	212.27M	217.19M	231.56M	230.98M	236.35M
Weighted Average Basic & Diluted Shares Outstanding	200.97M	202.08M	204.92M	207.44M	210.08M	212.27M	217.19M	231.59M	230.80M	233.40M

This table shows Live Nation Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	361	-233	-3.17	294	521	-255	-47	298	452	193
Consolidated Net Income / (Loss)	397	-202	44	331	581	-253	-32	376	516	271
Net Income / (Loss) Continuing Operations	397	-204	44	331	581	-253	-32	376	516	271
Total Pre-Tax Income	439	-172	68	373	632	-159	3.20	456	586	-306
Total Operating Income	506	-130	143	386	654	-98	-37	466	640	-244
Total Gross Profit	1,446	989	1,012	1,466	1,857	1,141	1,153	1,615	1,871	1,188
Total Revenue	6,154	4,291	3,127	5,631	8,155	5,814	3,800	6,023	7,651	5,682
Operating Revenue	6,154	4,291	3,127	5,631	8,155	5,814	3,800	6,023	7,651	5,682
Total Cost of Revenue	4,708	3,302	2,116	4,165	6,298	4,672	2,646	4,408	5,780	4,493
Operating Cost of Revenue	4,708	3,302	2,116	4,165	6,298	4,672	2,646	4,408	5,780	4,493
Total Operating Expenses	939	1,121	869	1,080	1,203	1,239	1,190	1,149	1,231	1,433
Selling, General & Admin Expense	873	987	753	950	1,074	1,111	1,058	1,012	1,098	1,296
Depreciation Expense	102	131	115	137	131	134	133	138	137	143
Other Special Charges / (Income)	-35	0.47	0.50	-7.01	-1.58	-5.84	-0.65	-0.78	-3.97	-5.62
Total Other Income / (Expense), net	-67	-42	-75	-13	-22	-62	40	-9.43	-54	-62
Interest Expense	71	73	89	82	86	111	81	80	88	80
Interest & Investment Income	12	50	44	62	83	42	43	50	22	24
Other Income / (Expense), net	-7.96	-19	-30	6.60	-19	7.33	77	21	12	-6.19
Income Tax Expense	42	30	24	42	50	94	35	80	70	-578
Net Income / (Loss) Attributable to Noncontrolling Interest	36	30	47	38	60	1.96	15	78	64	78
Basic Earnings per Share	$1.47	($1.24)	($0.25)	$1.04	$2.01	($1.45)	($0.53)	$1.05	$1.72	$0.53
Weighted Average Basic Shares Outstanding	225.76M	224.81M	228.16M	228.54M	228.79M	228.63M	229.47M	229.92M	230.37M	230.12M
Diluted Earnings per Share	$1.39	($1.14)	($0.25)	$1.02	$1.93	($1.36)	($0.53)	$1.03	$1.66	$0.58
Weighted Average Diluted Shares Outstanding	243.69M	231.56M	228.16M	243.66M	244.16M	230.98M	229.47M	245.00M	245.32M	236.35M
Weighted Average Basic & Diluted Shares Outstanding	230.88M	231.59M	229.89M	230.15M	230.33M	230.80M	231.44M	232.11M	232.35M	233.40M

This table details how cash moves in and out of Live Nation Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-79	225	299	549	96	72	2,341	732	619	-133
Net Cash From Operating Activities	308	599	624	942	470	-1,083	1,781	1,835	1,363	1,725
Net Cash From Continuing Operating Activities	308	599	624	942	470	-1,083	1,781	1,835	1,363	1,725
Net Income / (Loss) Continuing Operations	-16	20	7.77	90	118	-1,828	-609	375	704	1,131
Consolidated Net Income / (Loss)	-16	20	7.77	90	118	-1,828	-609	375	704	1,131
Depreciation Expense	134	139	150	185	220	246	223	226	267	300
Amortization Expense	274	277	97	100	328	320	305	95	351	356
Non-Cash Adjustments To Reconcile Net Income	59	87	312	305	92	137	97	457	223	-4.92
Changes in Operating Assets and Liabilities, net	-143	76	58	260	-288	42	1,764	683	-181	-57
Net Cash From Investing Activities	-291	-426	-328	-497	-691	-224	-567	-785	-696	-854
Net Cash From Continuing Investing Activities	-291	-426	-328	-497	-691	-224	-567	-785	-696	-854
Purchase of Property, Plant & Equipment	-142	-174	-238	-240	-324	-214	-153	-347	-439	-667
Acquisitions	-124	-247	-84	-202	-335	-61	-502	-354	-109	-153
Sale and/or Maturity of Investments	-	8.05	9.66	34	15	100	114	24	19	72
Other Investing Activities, net	-24	-14	-15	-89	-47	-49	-27	-107	-167	-107
Net Cash From Financing Activities	-44	99	-127	189	329	1,350	1,171	-143	-87	-659
Net Cash From Continuing Financing Activities	-44	99	-127	189	329	1,350	1,171	-143	-87	-659
Repayment of Debt	-71	-617	-111	-405	-437	-31	-110	-46	-731	-1,960
Payment of Dividends	-37	-76	-62	-78	-134	-109	-70	-145	-257	-269
Issuance of Debt	57	844	61	859	937	1,607	904	122	1,061	1,672
Issuance of Common Equity	0.71	0.09	11	4.90	14	5.42	472	15	20	3.00
Other Financing Activities, net	6.53	-53	-26	-192	-52	-123	-25	-89	-179	-104
Effect of Exchange Rate Changes	-52	-	-	-	-12	-	-44	-	-	-345
Cash Interest Paid	93	97	87	100	104	166	224	181	57	131
Cash Income Taxes Paid	44	30	45	60	67	26	16	44	175	254

This table details how cash moves in and out of Live Nation Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-910	664	1,385	139	-1,189	284	270	-100	-909	605
Net Cash From Operating Activities	-619	907	1,156	491	-892	608	989	412	-721	1,045
Net Cash From Continuing Operating Activities	-619	907	1,156	491	-892	608	989	412	-721	1,045
Net Income / (Loss) Continuing Operations	397	-202	44	331	554	-225	-32	376	505	282
Consolidated Net Income / (Loss)	397	-202	44	331	554	-225	-32	376	505	282
Depreciation Expense	49	63	58	70	66	73	71	76	76	78
Amortization Expense	73	-129	82	92	-102	279	90	87	84	96
Non-Cash Adjustments To Reconcile Net Income	46	285	72	24	223	-96	-51	-34	56	24
Changes in Operating Assets and Liabilities, net	-1,184	889	900	-27	-1,632	578	912	-93	-1,441	565
Net Cash From Investing Activities	-115	-425	-60	-239	-165	-232	-171	-264	-208	-211
Net Cash From Continuing Investing Activities	-115	-425	-60	-239	-165	-232	-171	-264	-208	-211
Purchase of Property, Plant & Equipment	-76	-141	-117	-86	-102	-134	-134	-200	-158	-175
Acquisitions	-26	-236	90	-82	-61	-56	-14	-40	-39	-60
Sale and/or Maturity of Investments	5.40	7.92	2.83	5.46	1.26	9.03	2.64	19	1.50	49
Other Investing Activities, net	-18	-56	-36	-77	-2.80	-51	-25	-43	-13	-26
Net Cash From Financing Activities	-38	32	226	-152	-29	-132	-478	-165	-49	34
Net Cash From Continuing Financing Activities	-38	32	226	-152	-29	-132	-478	-165	-49	34
Repayment of Debt	-6.28	-16	-606	-7.26	-12	-106	-374	-4.01	-6.74	-1,576
Payment of Dividends	-38	-18	-58	-90	-20	-90	-73	-120	-29	-48
Issuance of Debt	1.74	117	988	-1.03	1.54	73	0.56	0.32	1.15	1,670
Other Financing Activities, net	4.46	-51	-104	-63	1.23	-14	-32	-41	-18	-12
Effect of Exchange Rate Changes	-	-	-	-	-	-	-69	-	-	-262

This table presents Live Nation Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,156	6,764	7,504	8,497	10,976	10,589	14,402	16,461	19,030	19,639
Total Current Assets	2,288	2,674	3,153	3,848	4,193	3,650	6,684	8,160	9,533	9,290
Cash & Equivalents	1,303	1,527	1,825	2,372	2,470	2,538	4,885	5,606	6,232	6,095
Restricted Cash	-	-	3.50	6.66	3.88	8.65	3.06	5.92	7.09	11
Accounts Receivable	453	569	725	829	995	487	1,067	1,465	2,025	1,747
Prepaid Expenses	496	528	547	598	667	577	655	950	1,148	1,247
Other Current Assets	36	50	52	43	57	39	75	132	122	190
Plant, Property, & Equipment, net	731	752	886	947	1,118	1,101	1,092	1,488	2,101	2,442
Total Noncurrent Assets	3,137	3,339	3,466	3,702	5,665	5,838	6,626	6,814	7,395	7,907
Goodwill	1,604	1,747	1,755	1,823	1,998	2,129	2,591	2,529	2,691	2,621
Intangible Assets	1,147	1,181	1,098	1,030	1,239	1,225	1,395	1,419	1,539	1,366
Other Noncurrent Operating Assets	385	411	613	849	2,427	2,484	2,640	2,865	3,164	3,919
Total Liabilities & Shareholders' Equity	6,156	6,764	7,504	8,497	10,976	10,589	14,402	16,461	19,030	19,639
Total Liabilities	4,446	5,068	5,841	6,825	9,062	10,451	14,039	15,697	17,618	17,834
Total Current Liabilities	2,101	2,460	3,577	3,750	4,108	3,797	6,856	8,303	9,984	9,358
Short-Term Debt	42	53	348	82	38	53	585	620	1,134	261
Accounts Payable	722	782	1,034	1,127	1,106	830	1,643	1,971	2,134	2,103
Accrued Expenses	687	781	1,109	1,245	1,391	894	1,646	2,368	3,031	3,057
Current Deferred Revenue	619	805	925	1,228	1,391	1,839	2,775	3,135	3,398	3,721
Other Current Liabilities	32	39	161	67	181	179	207	209	287	216
Total Noncurrent Liabilities	2,344	2,607	2,264	3,075	4,955	6,654	7,183	7,394	7,633	8,475
Long-Term Debt	2,003	2,260	1,952	2,733	3,271	4,855	5,145	5,283	5,459	6,177
Noncurrent Deferred & Payable Income Tax Liabilities	199	198	138	137	178	-	-	-	-	140
Other Noncurrent Operating Liabilities	142	150	174	205	1,505	1,799	2,038	2,110	2,174	2,158
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	264	347	245	329	449	272	552	670	860	1,126
Total Equity & Noncontrolling Interests	1,447	1,350	1,418	1,343	1,464	-134	-188	94	552	819
Total Preferred & Common Equity	1,237	1,126	1,181	1,099	1,146	-472	-583	-368	-52	173
Preferred Stock	-	-	-	-	-	-	-	-	-	0.00
Total Common Equity	1,237	1,126	1,181	1,099	1,146	-472	-583	-368	-52	173
Common Stock	2,431	2,383	2,376	2,270	2,248	2,389	2,900	2,701	2,370	2,062
Retained Earnings	-1,075	-1,073	-1,079	-1,019	-949	-2,677	-3,328	-2,971	-2,443	-1,547
Treasury Stock	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87
Accumulated Other Comprehensive Income / (Loss)	-112	-177	-109	-145	-146	-177	-148	-90	27	-335
Noncontrolling Interest	210	224	237	244	318	338	394	461	604	646

This table presents Live Nation Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Assets	15,787	16,461	18,870	19,925	19,141	19,030	20,030	20,454	19,747	19,639
Total Current Assets	7,927	8,160	10,097	10,777	10,007	9,533	10,428	10,684	9,775	9,290
Cash & Equivalents	4,951	5,606	6,992	7,129	5,949	6,232	6,502	6,399	5,490	6,095
Restricted Cash	5.03	5.92	5.47	7.77	6.85	7.09	7.64	11	11	11
Accounts Receivable	1,990	1,465	1,657	1,890	2,503	2,025	2,280	2,464	2,694	1,747
Prepaid Expenses	909	950	1,323	1,629	1,425	1,148	1,474	1,672	1,446	1,247
Other Current Assets	73	132	119	122	124	122	164	139	134	190
Plant, Property, & Equipment, net	1,098	1,488	1,887	1,904	1,956	2,101	2,117	2,236	2,376	2,442
Total Noncurrent Assets	6,762	6,814	6,885	7,244	7,178	7,395	7,486	7,534	7,596	7,907
Goodwill	2,548	2,529	2,577	2,619	2,654	2,691	2,699	2,664	2,670	2,621
Intangible Assets	1,326	1,419	1,423	1,496	1,500	1,539	1,541	1,476	1,428	1,366
Other Noncurrent Operating Assets	2,887	2,865	2,885	3,128	3,024	3,164	3,246	3,395	3,498	3,919
Total Liabilities & Shareholders' Equity	15,787	16,461	18,870	19,925	19,141	19,030	20,030	20,454	19,747	19,639
Total Liabilities	14,789	15,697	18,080	18,800	17,440	17,618	18,577	18,896	17,793	17,834
Total Current Liabilities	7,634	8,303	9,374	10,024	8,752	9,984	11,328	11,627	9,681	9,358
Short-Term Debt	620	620	64	51	51	1,134	1,137	1,137	582	261
Accounts Payable	1,776	1,971	1,989	1,965	2,019	2,134	2,127	2,107	2,376	2,103
Accrued Expenses	2,764	2,368	2,002	2,779	3,315	3,031	2,766	3,359	3,454	3,057
Current Deferred Revenue	2,269	3,135	5,103	5,026	3,084	3,398	5,025	4,799	3,035	3,721
Other Current Liabilities	206	209	216	203	283	287	273	225	234	216
Total Noncurrent Liabilities	7,155	7,394	8,706	8,777	8,688	7,633	7,249	7,269	8,113	8,475
Long-Term Debt	5,120	5,283	6,548	6,555	6,546	5,459	5,082	5,081	5,673	6,177
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	-	0.00	0.00	-	-	0.00	-	-	140
Other Noncurrent Operating Liabilities	2,035	2,110	2,158	2,222	2,142	2,174	2,167	2,188	2,440	2,158
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	599	670	710	754	836	860	984	1,007	1,024	1,126
Total Equity & Noncontrolling Interests	399	94	79	371	865	552	469	551	930	819
Total Preferred & Common Equity	-75	-368	-461	-187	222	-52	-115	-43	288	173
Preferred Stock	-	-	-	-	-	-	-	-	-	0.00
Total Common Equity	-75	-368	-461	-187	222	-52	-115	-43	288	173
Common Stock	2,854	2,701	2,538	2,441	2,414	2,370	2,311	2,243	2,217	2,062
Retained Earnings	-2,768	-2,971	-2,974	-2,681	-2,197	-2,443	-2,455	-2,157	-1,748	-1,547
Treasury Stock	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87
Accumulated Other Comprehensive Income / (Loss)	-154	-90	-17	59	12	27	36	-123	-175	-335
Noncontrolling Interest	473	461	540	559	643	604	584	594	642	646

This table displays calculated financial ratios and metrics derived from Live Nation Entertainment's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.52%	8.01%	23.78%	11.36%	7.05%	-83.88%	236.80%	166.11%	36.24%	1.89%
EBITDA Growth	33.74%	17.18%	-43.76%	61.72%	59.33%	-222.82%	109.96%	841.86%	66.36%	-4.93%
EBIT Growth	9,642.49%	76.68%	-50.29%	184.52%	23.53%	-608.14%	74.21%	261.50%	54.18%	-11.55%
NOPAT Growth	-6,602.41%	125.11%	-21.86%	193.53%	10.47%	-657.83%	74.72%	288.50%	51.64%	50.86%
Net Income Growth	84.90%	228.71%	-61.70%	1,062.08%	30.85%	-1,646.20%	66.69%	161.53%	87.89%	60.72%
EPS Growth	32.65%	30.30%	-108.70%	81.25%	77.78%	-40,500.00%	61.95%	116.83%	157.69%	104.48%
Operating Cash Flow Growth	5.37%	94.49%	4.14%	51.01%	-50.11%	-330.61%	264.35%	3.06%	-25.73%	26.57%
Free Cash Flow Firm Growth	-212.80%	111.05%	704.28%	-48.46%	-302.88%	-110.64%	210.13%	-29.82%	-82.31%	615.97%
Invested Capital Growth	5.98%	1.24%	-14.06%	-1.18%	30.32%	-9.01%	-51.76%	-12.58%	67.48%	20.99%
Revenue Q/Q Growth	2.33%	-5.64%	12.18%	2.68%	2.55%	-58.76%	64.84%	10.52%	7.18%	-0.66%
EBITDA Q/Q Growth	41.77%	-2.35%	-50.42%	27.88%	34.28%	-39.23%	166.06%	-19.66%	16.55%	-4.18%
EBIT Q/Q Growth	417.42%	0.18%	-63.71%	75.23%	3.52%	-21.58%	38.90%	-5.87%	4.35%	-13.23%
NOPAT Q/Q Growth	-3,005.97%	-25.83%	-62.61%	-36.58%	0.89%	-22.63%	38.67%	-11.77%	-8.74%	80.33%
Net Income Q/Q Growth	90.02%	-48.53%	-91.22%	74.59%	-1.22%	-21.80%	33.11%	-9.60%	-10.83%	77.55%
EPS Q/Q Growth	0.00%	0.00%	-1,300.00%	76.32%	0.00%	0.00%	60.49%	-27.78%	-20.24%	230.12%
Operating Cash Flow Q/Q Growth	8.49%	35.37%	-30.52%	104.31%	-34.66%	-108.33%	98.23%	8.95%	-17.81%	33.09%
Free Cash Flow Firm Q/Q Growth	-51.03%	-15.37%	-16.47%	642.42%	-661.18%	-6.75%	-0.13%	327.83%	-64.98%	166.85%
Invested Capital Q/Q Growth	-11.45%	-11.93%	-14.50%	-23.68%	-4.97%	-10.71%	-8.64%	-40.78%	-24.58%	-21.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.28%	27.95%	25.86%	26.14%	26.68%	24.65%	30.51%	25.98%	24.09%	25.17%
EBITDA Margin	7.07%	7.67%	3.49%	5.06%	7.53%	-57.42%	1.70%	6.01%	7.34%	6.84%
Operating Margin	1.81%	2.49%	0.94%	2.53%	2.81%	-88.83%	-6.67%	4.33%	4.77%	3.56%
EBIT Margin	1.44%	2.35%	0.94%	2.41%	2.79%	-87.81%	-6.73%	4.08%	4.62%	4.01%
Profit (Net Income) Margin	-0.22%	0.26%	0.08%	0.84%	1.02%	-98.21%	-9.71%	2.25%	3.10%	4.88%
Tax Burden Percent	-248.21%	42.00%	-82.88%	68.91%	63.86%	98.44%	99.59%	76.36%	77.06%	152.97%
Interest Burden Percent	6.10%	26.25%	-10.25%	50.35%	57.55%	113.60%	145.00%	72.05%	87.01%	79.65%
Effective Tax Rate	348.21%	58.00%	0.00%	31.09%	36.14%	0.00%	0.00%	23.64%	22.94%	-52.97%
Return on Invested Capital (ROIC)	-13.68%	3.32%	2.77%	8.85%	8.54%	-44.09%	-15.78%	48.77%	59.27%	64.62%
ROIC Less NNEP Spread (ROIC-NNEP)	30.55%	-4.74%	-6.17%	-12.61%	-5.49%	-86.04%	-35.52%	17.59%	18.29%	16.97%
Return on Net Nonoperating Assets (RNNOA)	12.74%	-2.13%	-2.31%	-3.43%	-1.95%	-134.04%	-226.68%	17.70%	5.43%	2.76%
Return on Equity (ROE)	-0.94%	1.19%	0.46%	5.42%	6.59%	-178.13%	-242.47%	66.47%	64.70%	67.38%
Cash Return on Invested Capital (CROIC)	-19.49%	2.08%	17.89%	10.04%	-17.78%	-34.66%	54.05%	62.19%	8.82%	45.63%
Operating Return on Assets (OROA)	1.72%	2.85%	1.28%	3.25%	3.30%	-15.16%	-3.37%	4.41%	5.92%	4.80%
Return on Assets (ROA)	-0.26%	0.31%	0.11%	1.13%	1.21%	-16.95%	-4.87%	2.43%	3.97%	5.85%
Return on Common Equity (ROCE)	-0.71%	0.83%	0.32%	3.70%	4.13%	-58.51%	509.12%	-56.04%	-12.49%	2.43%
Return on Equity Simple (ROE_SIMPLE)	-1.27%	1.80%	0.66%	8.22%	10.32%	387.43%	104.49%	-101.91%	-1,345.57%	652.84%
Net Operating Profit after Tax (NOPAT)	-326	82	64	188	207	-1,157	-293	551	836	1,261
NOPAT Margin	-4.50%	1.05%	0.66%	1.74%	1.80%	-62.18%	-4.67%	3.31%	3.68%	5.45%
Net Nonoperating Expense Percent (NNEP)	-44.23%	8.06%	8.94%	21.47%	14.04%	41.95%	19.74%	31.18%	40.98%	47.65%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.19%	11.70%	17.38%
Cost of Revenue to Revenue	71.72%	72.05%	74.14%	73.86%	73.32%	75.35%	69.49%	74.02%	75.91%	74.83%
SG&A Expenses to Revenue	20.98%	21.38%	21.09%	19.93%	20.04%	87.39%	30.55%	19.15%	17.11%	19.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.47%	25.46%	24.92%	23.61%	23.87%	113.47%	37.18%	21.65%	19.32%	21.61%
Earnings before Interest and Taxes (EBIT)	104	184	92	260	322	-1,634	-422	681	1,050	928
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	512	600	338	546	870	-1,069	106	1,002	1,667	1,585
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.02	4.81	7.45	9.39	13.33	0.00	0.00	0.00	0.00	173.67
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.69	0.69	0.91	0.96	1.32	8.57	4.29	0.97	0.95	1.30
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	218.55	0.00	0.00	60.43	38.71	33.57
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.46%	0.00%	0.00%	1.65%	2.58%	2.98%
Enterprise Value to Invested Capital (EV/IC)	2.52	2.73	4.57	5.37	6.14	7.57	23.77	16.62	13.23	15.06
Enterprise Value to Revenue (EV/Rev)	0.85	0.86	1.01	1.05	1.46	10.17	4.58	1.05	1.03	1.39
Enterprise Value to EBITDA (EV/EBITDA)	12.08	11.27	28.89	20.75	19.40	0.00	269.55	17.49	14.02	20.31
Enterprise Value to EBIT (EV/EBIT)	59.38	36.76	106.61	43.51	52.47	0.00	0.00	25.74	22.27	34.68
Enterprise Value to NOPAT (EV/NOPAT)	0.00	82.67	152.49	60.33	81.35	0.00	0.00	31.78	27.96	25.52
Enterprise Value to Operating Cash Flow (EV/OCF)	20.10	11.30	15.65	12.03	35.92	0.00	16.11	9.55	17.15	18.66
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	131.80	23.62	53.22	0.00	0.00	28.63	24.92	187.94	36.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.20	1.36	1.38	1.68	1.73	35.39	15.77	7.73	4.67	3.31
Long-Term Debt to Equity	1.17	1.33	1.17	1.63	1.71	35.01	14.16	6.92	3.87	3.18
Financial Leverage	0.42	0.45	0.37	0.27	0.35	1.56	6.38	1.01	0.30	0.16
Leverage Ratio	3.60	3.79	4.25	4.80	5.43	10.51	49.77	27.38	16.31	11.52
Compound Leverage Factor	0.22	1.00	-0.44	2.42	3.13	11.94	72.17	19.73	14.19	9.17
Debt to Total Capital	54.45%	57.69%	58.04%	62.74%	63.36%	97.25%	94.04%	88.55%	82.36%	76.80%
Short-Term Debt to Total Capital	1.13%	1.33%	8.77%	1.83%	0.72%	1.06%	9.60%	9.30%	14.17%	3.11%
Long-Term Debt to Total Capital	53.32%	56.36%	49.27%	60.91%	62.64%	96.19%	84.43%	79.25%	68.19%	73.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	12.61%	14.23%	12.15%	12.77%	14.70%	12.10%	15.52%	16.97%	18.29%	21.14%
Common Equity to Total Capital	32.94%	28.08%	29.81%	24.49%	21.94%	-9.35%	-9.56%	-5.51%	-0.65%	2.07%
Debt to EBITDA	3.99	3.85	6.81	5.16	3.80	-4.59	53.86	5.89	3.96	4.06
Net Debt to EBITDA	1.45	1.31	1.40	0.80	0.96	-2.21	7.92	0.29	0.21	0.21
Long-Term Debt to EBITDA	3.91	3.76	5.78	5.00	3.76	-4.54	48.36	5.27	3.27	3.90
Debt to NOPAT	-6.27	28.25	35.95	14.99	15.95	-4.24	-19.59	10.71	7.89	5.10
Net Debt to NOPAT	-2.28	9.61	7.36	2.33	4.02	-2.04	-2.88	0.53	0.42	0.26
Long-Term Debt to NOPAT	-6.14	27.60	30.52	14.55	15.77	-4.20	-17.59	9.58	6.53	4.90
Altman Z-Score	1.70	1.70	1.97	2.12	2.05	0.21	1.15	1.50	1.90	2.23
Noncontrolling Interest Sharing Ratio	24.66%	30.65%	31.32%	31.63%	37.39%	67.15%	309.98%	184.31%	119.30%	96.40%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.09	0.88	1.03	1.02	0.96	0.98	0.98	0.95	0.99
Quick Ratio	0.84	0.85	0.71	0.85	0.84	0.80	0.87	0.85	0.83	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-465	51	413	213	-432	-910	1,002	703	124	891
Operating Cash Flow to CapEx	216.05%	344.45%	261.51%	392.60%	145.19%	-506.86%	1,165.80%	528.52%	310.75%	258.79%
Free Cash Flow to Firm to Interest Expense	-4.52	0.43	3.83	1.51	-2.74	-4.01	3.55	2.52	0.34	2.71
Operating Cash Flow to Interest Expense	2.99	4.97	5.79	6.68	2.98	-4.78	6.30	6.59	3.70	5.25
Operating Cash Flow Less CapEx to Interest Expense	1.61	3.52	3.57	4.98	0.93	-5.72	5.76	5.34	2.51	3.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.20	1.21	1.36	1.35	1.19	0.17	0.50	1.08	1.28	1.20
Accounts Receivable Turnover	16.62	15.32	14.97	13.88	12.66	2.51	8.07	13.18	13.02	12.28
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.16	10.56	11.83	11.77	11.19	1.68	5.72	12.93	12.66	10.19
Accounts Payable Turnover	7.15	7.50	7.91	7.37	7.58	1.45	3.52	6.83	8.40	8.18
Days Sales Outstanding (DSO)	21.96	23.82	24.38	26.30	28.82	145.25	45.22	27.70	28.03	29.73
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	51.06	48.64	46.14	49.51	48.14	252.01	103.63	53.42	43.43	44.62
Cash Conversion Cycle (CCC)	-29.10	-24.82	-21.76	-23.21	-19.32	-106.76	-58.40	-25.72	-15.41	-14.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,453	2,483	2,134	2,109	2,748	2,501	1,206	1,055	1,766	2,137
Invested Capital Turnover	3.04	3.17	4.20	5.09	4.76	0.71	3.38	14.76	16.11	11.86
Increase / (Decrease) in Invested Capital	138	31	-349	-25	639	-247	-1,294	-152	712	371
Enterprise Value (EV)	6,187	6,768	9,756	11,330	16,877	18,926	28,679	17,524	23,377	32,194
Market Capitalization	4,972	5,411	8,803	10,320	15,274	15,954	26,890	16,102	21,558	30,090
Book Value per Share	$6.11	$5.54	$5.71	$5.24	$5.36	($2.17)	($2.59)	($1.59)	($0.23)	$0.75
Tangible Book Value per Share	($7.48)	($8.86)	($8.08)	($8.37)	($9.79)	($17.62)	($20.34)	($18.69)	($18.59)	($16.41)
Total Capital	3,756	4,010	3,963	4,487	5,223	5,047	6,094	6,667	8,005	8,383
Total Debt	2,045	2,313	2,300	2,815	3,309	4,909	5,731	5,903	6,593	6,438
Total Long-Term Debt	2,003	2,260	1,952	2,733	3,271	4,855	5,145	5,283	5,459	6,177
Net Debt	742	786	471	437	835	2,362	843	291	354	332
Capital Expenditures (CapEx)	142	174	238	240	324	214	153	347	439	667
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,074	-1,260	-1,905	-2,198	-2,351	-2,640	-4,474	-5,136	-5,556	-5,913
Debt-free Net Working Capital (DFNWC)	229	267	-77	180	123	-93	414	476	683	193
Net Working Capital (NWC)	187	213	-424	98	85	-147	-172	-144	-451	-68
Net Nonoperating Expense (NNE)	-310	62	56	97	89	671	316	177	132	130
Net Nonoperating Obligations (NNO)	742	786	471	437	835	2,362	843	291	354	192
Total Depreciation and Amortization (D&A)	408	416	246	286	548	566	528	321	617	656
Debt-free, Cash-free Net Working Capital to Revenue	-14.82%	-16.10%	-19.67%	-20.37%	-20.36%	-141.84%	-71.38%	-30.79%	-24.45%	-25.54%
Debt-free Net Working Capital to Revenue	3.17%	3.41%	-0.79%	1.67%	1.07%	-5.02%	6.60%	2.85%	3.01%	0.83%
Net Working Capital to Revenue	2.58%	2.72%	-4.38%	0.91%	0.74%	-7.89%	-2.74%	-0.86%	-1.98%	-0.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.33)	($0.23)	($0.48)	($0.09)	($0.02)	($8.12)	($3.09)	$0.66	$1.38	$2.77
Adjusted Weighted Average Basic Shares Outstanding	202.46M	204.76M	208.17M	210.90M	214.53M	218.05M	224.63M	224.81M	228.63M	230.12M
Adjusted Diluted Earnings per Share	($0.33)	($0.23)	($0.48)	($0.09)	($0.02)	($8.12)	($3.09)	$0.64	$1.37	$2.74
Adjusted Weighted Average Diluted Shares Outstanding	202.46M	204.76M	208.17M	210.90M	214.53M	218.05M	224.63M	231.56M	230.98M	236.35M
Adjusted Basic & Diluted Earnings per Share	($0.33)	($0.23)	($0.48)	($0.09)	($0.02)	($8.12)	($3.09)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	200.97M	202.08M	204.92M	207.44M	210.08M	212.27M	217.19M	231.59M	230.80M	233.40M
Normalized Net Operating Profit after Tax (NOPAT)	93	137	63	195	206	-1,157	-293	527	825	569
Normalized NOPAT Margin	1.28%	1.74%	0.65%	1.81%	1.78%	-62.16%	-4.68%	3.16%	3.63%	2.46%
Pre Tax Income Margin	0.09%	0.62%	-0.10%	1.22%	1.60%	-99.76%	-9.75%	2.94%	4.02%	3.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.01	1.53	0.85	1.85	2.04	-7.21	-1.49	2.44	2.85	2.83
NOPAT to Interest Expense	-3.17	0.68	0.59	1.33	1.32	-5.10	-1.04	1.98	2.27	3.84
EBIT Less CapEx to Interest Expense	-0.37	0.09	-1.36	0.15	-0.01	-8.15	-2.03	1.20	1.66	0.80
NOPAT Less CapEx to Interest Expense	-4.55	-0.76	-1.62	-0.37	-0.74	-6.04	-1.58	0.73	1.08	1.81
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-237.27%	372.81%	796.49%	86.31%	113.37%	-5.94%	-11.45%	38.68%	36.57%	23.81%
Augmented Payout Ratio	-237.27%	372.81%	796.49%	86.31%	113.37%	-5.94%	-11.45%	38.68%	36.57%	23.81%

This table displays calculated financial ratios and metrics derived from Live Nation Entertainment's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	128.02%	58.73%	73.47%	26.98%	32.52%	35.49%	21.49%	6.97%	-6.17%	-2.27%
EBITDA Growth	142.11%	-798.32%	79.73%	21.84%	-3.58%	221.67%	-20.49%	17.00%	35.62%	-129.44%
EBIT Growth	299.58%	-39.92%	538.85%	25.29%	27.32%	39.15%	-64.06%	23.82%	2.74%	-176.68%
NOPAT Growth	258.61%	-4.36%	389.62%	22.78%	31.37%	24.70%	296.67%	11.88%	-6.44%	-149.64%
Net Income Growth	357.48%	-24.48%	190.27%	45.08%	46.30%	-25.17%	-172.90%	13.55%	-11.31%	207.22%
EPS Growth	631.58%	-21.28%	35.90%	54.55%	38.85%	-19.30%	-112.00%	0.98%	-13.99%	142.65%
Operating Cash Flow Growth	-326.09%	19.95%	-3.54%	40.63%	-44.12%	-32.90%	-14.45%	-16.07%	19.20%	71.80%
Free Cash Flow Firm Growth	-100.16%	-94.97%	-99.58%	-69.88%	1,672.61%	-1,384.48%	-5,029.40%	-268.78%	385.20%	30.56%
Invested Capital Growth	34.88%	-12.58%	26.58%	23.54%	31.50%	67.48%	187.96%	129.88%	15.61%	20.99%
Revenue Q/Q Growth	38.78%	-30.27%	-27.11%	80.05%	44.82%	-28.71%	-34.93%	58.53%	27.02%	-25.74%
EBITDA Q/Q Growth	36.14%	-134.58%	945.26%	119.38%	7.75%	-56.37%	224.78%	222.82%	24.90%	-109.47%
EBIT Q/Q Growth	58.86%	-129.86%	184.00%	248.29%	61.44%	-114.27%	154.94%	1,099.99%	33.96%	-138.44%
NOPAT Q/Q Growth	63.83%	-119.87%	210.51%	270.08%	75.29%	-111.39%	745.05%	4.38%	46.58%	-130.39%
Net Income Q/Q Growth	74.01%	-150.89%	126.36%	649.77%	75.47%	-143.54%	82.29%	1,267.79%	37.07%	-47.37%
EPS Q/Q Growth	110.61%	-182.01%	75.49%	508.00%	89.22%	-170.47%	55.08%	294.34%	61.17%	-65.06%
Operating Cash Flow Q/Q Growth	-277.32%	246.46%	27.90%	-57.52%	-281.72%	168.18%	62.55%	-58.33%	-274.94%	244.97%
Free Cash Flow Firm Q/Q Growth	-100.34%	2,450.56%	-88.30%	2,797.90%	-82.33%	-2,019.90%	53.31%	0.77%	150.80%	-374.75%
Invested Capital Q/Q Growth	270.12%	-40.78%	-61.71%	47.22%	293.96%	-24.58%	-36.64%	17.52%	98.14%	-21.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.49%	23.05%	32.35%	26.03%	22.77%	19.63%	30.35%	26.82%	24.45%	20.91%
EBITDA Margin	10.08%	-5.00%	8.09%	9.86%	7.33%	4.49%	5.29%	10.78%	10.60%	-1.35%
Operating Margin	8.23%	-3.03%	4.57%	6.86%	8.02%	-1.68%	-0.96%	7.73%	8.36%	-4.30%
EBIT Margin	8.10%	-3.47%	3.61%	6.98%	7.78%	-1.56%	1.07%	8.08%	8.52%	-4.41%
Profit (Net Income) Margin	6.46%	-4.71%	1.41%	5.88%	7.13%	-4.35%	-0.85%	6.25%	6.74%	4.78%
Tax Burden Percent	90.46%	117.66%	64.96%	88.83%	92.04%	158.79%	-1,007.73%	82.44%	88.01%	-88.68%
Interest Burden Percent	88.16%	115.52%	60.30%	94.91%	99.57%	176.07%	7.88%	93.80%	89.89%	122.18%
Effective Tax Rate	9.54%	0.00%	35.04%	11.17%	7.96%	0.00%	1,107.73%	17.56%	11.99%	0.00%
Return on Invested Capital (ROIC)	72.44%	-31.29%	147.74%	217.63%	75.88%	-18.99%	289.50%	154.83%	67.92%	-35.71%
ROIC Less NNEP Spread (ROIC-NNEP)	66.01%	-50.91%	167.06%	221.29%	73.04%	-76.19%	407.95%	156.98%	61.16%	126.28%
Return on Net Nonoperating Assets (RNNOA)	102.06%	-51.23%	-68.52%	-83.29%	38.57%	-22.61%	-122.91%	-42.24%	23.35%	20.55%
Return on Equity (ROE)	174.49%	-82.51%	79.22%	134.33%	114.45%	-41.60%	166.59%	112.59%	91.27%	-15.17%
Cash Return on Invested Capital (CROIC)	10.60%	62.19%	169.48%	121.37%	17.23%	8.82%	-7.12%	-2.89%	13.22%	45.63%
Operating Return on Assets (OROA)	8.40%	-3.75%	3.73%	7.37%	9.45%	-1.99%	1.29%	9.53%	10.21%	-5.28%
Return on Assets (ROA)	6.70%	-5.10%	1.46%	6.22%	8.66%	-5.58%	-1.02%	7.37%	8.08%	5.72%
Return on Common Equity (ROCE)	-68.67%	69.57%	-63.26%	-46.53%	6.24%	8.03%	-42.77%	-9.68%	12.73%	-0.55%
Return on Equity Simple (ROE_SIMPLE)	-555.73%	0.00%	-109.00%	-323.04%	355.94%	0.00%	-572.93%	-1,624.33%	221.23%	0.00%
Net Operating Profit after Tax (NOPAT)	458	-91	93	343	602	-69	368	384	563	-171
NOPAT Margin	7.44%	-2.12%	2.97%	6.10%	7.38%	-1.18%	9.68%	6.38%	7.36%	-3.01%
Net Nonoperating Expense Percent (NNEP)	6.43%	19.62%	-19.32%	-3.66%	2.84%	57.20%	-118.45%	-2.15%	6.76%	-161.99%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.52%	-	-	-	-0.96%	-	-	-	-2.36%
Cost of Revenue to Revenue	76.51%	76.95%	67.65%	73.97%	77.23%	80.37%	69.65%	73.18%	75.55%	79.09%
SG&A Expenses to Revenue	14.18%	23.00%	24.09%	16.87%	13.17%	19.10%	27.84%	16.81%	14.36%	22.80%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.27%	26.12%	27.79%	19.17%	14.75%	21.32%	31.31%	19.08%	16.09%	25.22%
Earnings before Interest and Taxes (EBIT)	498	-149	113	393	634	-91	41	487	652	-251
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	620	-214	253	555	598	261	201	649	811	-77
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	86.19	0.00	0.00	0.00	88.25	173.67
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.16	0.97	0.90	1.09	0.90	0.95	1.04	0.91	1.09	1.30
Price to Earnings (P/E)	57.51	60.43	47.26	46.66	31.38	38.71	46.87	41.40	55.94	33.57
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.74%	1.65%	2.12%	2.14%	3.19%	2.58%	2.13%	2.42%	1.79%	2.98%
Enterprise Value to Invested Capital (EV/IC)	10.86	16.62	42.29	36.55	9.07	13.23	22.05	16.91	10.28	15.06
Enterprise Value to Revenue (EV/Rev)	1.28	1.05	0.95	1.13	1.00	1.03	1.09	0.97	1.19	1.39
Enterprise Value to EBITDA (EV/EBITDA)	15.51	17.49	12.62	14.96	14.84	14.02	19.04	16.03	16.83	20.31
Enterprise Value to EBIT (EV/EBIT)	26.74	25.74	21.60	24.98	21.11	22.27	26.74	21.95	26.01	34.68
Enterprise Value to NOPAT (EV/NOPAT)	30.95	31.78	24.49	28.36	23.17	27.96	36.46	31.06	39.80	25.52
Enterprise Value to Operating Cash Flow (EV/OCF)	11.48	9.55	9.54	11.25	12.80	17.15	21.30	20.54	21.47	18.66
Enterprise Value to Free Cash Flow (EV/FCFF)	117.70	24.92	27.88	33.28	59.78	187.94	0.00	0.00	83.40	36.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.75	7.73	8.37	5.87	3.88	4.67	4.28	3.99	3.20	3.31
Long-Term Debt to Equity	5.13	6.92	8.29	5.83	3.85	3.87	3.50	3.26	2.90	3.18
Financial Leverage	1.55	1.01	-0.41	-0.38	0.53	0.30	-0.30	-0.27	0.38	0.16
Leverage Ratio	23.90	27.38	28.46	21.07	12.94	16.31	17.35	15.05	10.64	11.52
Compound Leverage Factor	21.07	31.64	17.16	20.00	12.89	28.72	1.37	14.12	9.57	14.07
Debt to Total Capital	85.19%	88.55%	89.33%	85.45%	79.50%	82.36%	81.06%	79.96%	76.20%	76.80%
Short-Term Debt to Total Capital	9.20%	9.30%	0.86%	0.67%	0.61%	14.17%	14.82%	14.63%	7.09%	3.11%
Long-Term Debt to Total Capital	76.00%	79.25%	88.47%	84.78%	78.89%	68.19%	66.24%	65.34%	69.11%	73.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	15.91%	16.97%	16.89%	16.97%	17.82%	18.29%	20.43%	20.59%	20.29%	21.14%
Common Equity to Total Capital	-1.11%	-5.51%	-6.23%	-2.42%	2.67%	-0.65%	-1.50%	-0.56%	3.51%	2.07%
Debt to EBITDA	4.60	5.89	4.89	4.55	4.61	3.96	4.62	4.32	3.78	4.06
Net Debt to EBITDA	0.63	0.29	-0.29	-0.37	0.45	0.21	-0.22	-0.13	0.46	0.21
Long-Term Debt to EBITDA	4.11	5.27	4.84	4.51	4.58	3.27	3.77	3.53	3.43	3.90
Debt to NOPAT	9.19	10.71	9.48	8.62	7.20	7.89	8.84	8.36	8.94	5.10
Net Debt to NOPAT	1.25	0.53	-0.55	-0.69	0.70	0.42	-0.41	-0.26	1.08	0.26
Long-Term Debt to NOPAT	8.19	9.58	9.39	8.56	7.15	6.53	7.23	6.83	8.11	4.90
Altman Z-Score	1.55	1.34	1.34	1.55	1.79	1.70	1.74	1.73	2.03	2.03
Noncontrolling Interest Sharing Ratio	139.36%	184.31%	179.86%	134.64%	94.55%	119.30%	125.67%	108.60%	86.05%	96.40%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	0.98	1.08	1.08	1.14	0.95	0.92	0.92	1.01	0.99
Quick Ratio	0.91	0.85	0.92	0.90	0.97	0.83	0.78	0.76	0.85	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2.58	61	7.93	230	41	-780	-391	-388	197	-542
Operating Cash Flow to CapEx	-817.71%	642.05%	988.87%	573.30%	-871.73%	454.94%	737.67%	206.42%	-456.09%	597.61%
Free Cash Flow to Firm to Interest Expense	-0.04	0.83	0.09	2.80	0.47	-7.01	-4.85	-4.85	2.24	-6.78
Operating Cash Flow to Interest Expense	-8.78	12.46	12.96	5.99	-10.35	5.46	12.26	5.15	-8.20	13.08
Operating Cash Flow Less CapEx to Interest Expense	-9.85	10.52	11.65	4.94	-11.54	4.26	10.59	2.66	-9.99	10.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.04	1.08	1.03	1.06	1.21	1.28	1.20	1.18	1.20	1.20
Accounts Receivable Turnover	9.52	13.18	12.56	11.48	9.44	13.02	11.90	10.94	8.97	12.28
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.11	12.93	12.11	12.83	13.89	12.66	11.70	11.51	10.76	10.19
Accounts Payable Turnover	6.61	6.83	6.93	7.52	8.36	8.40	8.66	8.87	7.99	8.18
Days Sales Outstanding (DSO)	38.35	27.70	29.06	31.80	38.67	28.03	30.68	33.36	40.69	29.73
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	55.23	53.42	52.64	48.57	43.64	43.43	42.14	41.13	45.70	44.62
Cash Conversion Cycle (CCC)	-16.88	-25.72	-23.58	-16.77	-4.97	-15.41	-11.46	-7.77	-5.02	-14.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,781	1,055	404	594	2,342	1,766	1,163	1,367	2,708	2,137
Invested Capital Turnover	9.73	14.76	49.82	35.70	10.29	16.11	29.90	24.29	9.23	11.86
Increase / (Decrease) in Invested Capital	461	-152	85	113	561	712	759	772	366	371
Enterprise Value (EV)	19,343	17,524	17,076	21,727	21,232	23,377	25,639	23,105	27,834	32,194
Market Capitalization	17,487	16,102	16,211	20,945	19,112	21,558	24,362	21,695	25,414	30,090
Book Value per Share	($0.32)	($1.59)	($1.99)	($0.82)	$0.96	($0.23)	($0.50)	($0.19)	$1.24	$0.75
Tangible Book Value per Share	($17.17)	($18.69)	($19.26)	($18.72)	($17.08)	($18.59)	($18.98)	($18.07)	($16.42)	($16.41)
Total Capital	6,737	6,667	7,401	7,731	8,297	8,005	7,672	7,776	8,209	8,383
Total Debt	5,740	5,903	6,612	6,606	6,597	6,593	6,219	6,218	6,255	6,438
Total Long-Term Debt	5,120	5,283	6,548	6,555	6,546	5,459	5,082	5,081	5,673	6,177
Net Debt	784	291	-386	-530	641	354	-290	-191	754	332
Capital Expenditures (CapEx)	76	141	117	86	102	134	134	200	158	175
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,044	-5,136	-6,211	-6,332	-4,650	-5,556	-6,273	-6,215	-4,824	-5,913
Debt-free Net Working Capital (DFNWC)	912	476	787	805	1,306	683	237	194	677	193
Net Working Capital (NWC)	293	-144	723	753	1,255	-451	-901	-943	95	-68
Net Nonoperating Expense (NNE)	61	111	49	12	20	185	400	7.77	47	-442
Net Nonoperating Obligations (NNO)	784	291	-386	-530	641	354	-290	-191	754	192
Total Depreciation and Amortization (D&A)	122	-66	140	162	-36	351	161	163	159	174
Debt-free, Cash-free Net Working Capital to Revenue	-26.79%	-30.79%	-34.49%	-32.97%	-21.93%	-24.45%	-26.78%	-26.10%	-20.70%	-25.54%
Debt-free Net Working Capital to Revenue	6.04%	2.85%	4.37%	4.19%	6.16%	3.01%	1.01%	0.82%	2.90%	0.83%
Net Working Capital to Revenue	1.94%	-0.86%	4.02%	3.92%	5.92%	-1.98%	-3.85%	-3.96%	0.41%	-0.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.47	($1.24)	($0.25)	$1.04	$1.85	($1.45)	($0.53)	$1.05	$1.72	$0.53
Adjusted Weighted Average Basic Shares Outstanding	225.76M	224.81M	228.16M	228.54M	228.79M	228.63M	229.47M	229.92M	230.37M	230.12M
Adjusted Diluted Earnings per Share	$1.39	($1.14)	($0.25)	$1.02	$1.78	($1.36)	($0.53)	$1.03	$1.66	$0.58
Adjusted Weighted Average Diluted Shares Outstanding	243.69M	231.56M	0.00	243.66M	244.16M	230.98M	229.47M	245.00M	245.32M	236.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	230.88M	231.59M	229.89M	230.15M	230.33M	230.80M	231.44M	232.11M	232.35M	233.40M
Normalized Net Operating Profit after Tax (NOPAT)	426	-91	93	337	600	-73	-26	383	559	-175
Normalized NOPAT Margin	6.92%	-2.11%	2.98%	5.99%	7.36%	-1.25%	-0.68%	6.36%	7.31%	-3.08%
Pre Tax Income Margin	7.14%	-4.01%	2.18%	6.62%	7.75%	-2.74%	0.08%	7.58%	7.66%	-5.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.07	-2.05	1.26	4.79	7.36	-0.81	0.50	6.08	7.41	-3.13
NOPAT to Interest Expense	6.49	-1.25	1.04	4.19	6.98	-0.62	4.56	4.80	6.40	-2.14
EBIT Less CapEx to Interest Expense	5.99	-3.99	-0.05	3.75	6.17	-2.01	-1.16	3.59	5.61	-5.32
NOPAT Less CapEx to Interest Expense	5.42	-3.19	-0.27	3.14	5.79	-1.82	2.90	2.31	4.60	-4.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	38.19%	38.68%	31.82%	33.59%	23.48%	36.57%	41.41%	43.06%	48.87%	23.81%
Augmented Payout Ratio	38.19%	38.68%	31.82%	33.59%	23.48%	36.57%	41.41%	43.06%	48.87%	23.81%

Frequently Asked Questions About Live Nation Entertainment's Financials

When does Live Nation Entertainment's financial year end?

According to the most recent income statement we have on file, Live Nation Entertainment's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Live Nation Entertainment's net income changed over the last 9 years?

Live Nation Entertainment's net income appears to be on a downward trend, with a most recent value of $1.13 billion in 2024, falling from -$15.77 million in 2015. The previous period was $703.80 million in 2023. Check out Live Nation Entertainment's forecast to explore projected trends and price targets.

What is Live Nation Entertainment's operating income?

Live Nation Entertainment's total operating income in 2024 was $824.51 million, based on the following breakdown:

Total Gross Profit: $5.83 billion
Total Operating Expenses: $5.00 billion

How has Live Nation Entertainment revenue changed over the last 9 years?

Over the last 9 years, Live Nation Entertainment's total revenue changed from $7.25 billion in 2015 to $23.16 billion in 2024, a change of 219.6%.

How much debt does Live Nation Entertainment have?

Live Nation Entertainment's total liabilities were at $17.83 billion at the end of 2024, a 1.2% increase from 2023, and a 301.2% increase since 2015.

How much cash does Live Nation Entertainment have?

In the past 9 years, Live Nation Entertainment's cash and equivalents has ranged from $1.30 billion in 2015 to $6.23 billion in 2023, and is currently $6.10 billion as of their latest financial filing in 2024.

How has Live Nation Entertainment's book value per share changed over the last 9 years?

Over the last 9 years, Live Nation Entertainment's book value per share changed from 6.11 in 2015 to 0.75 in 2024, a change of -87.8%.

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This page (NYSE:LYV) was last updated on 5/6/2025 by MarketBeat.com Staff

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Live Nation Entertainment (LYV) Financials

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