|
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $) In Thousands, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets |
|
|
| Cash and cash equivalents |
$ 1,606,658 |
$ 1,382,029 |
| Accounts receivable, less allowance of $20,141 and $17,489, respectively |
434,543 |
419,301 |
| Prepaid expenses |
573,843 |
440,272 |
| Other current assets |
38,069 |
26,089 |
| Total current assets |
2,653,113 |
2,267,691 |
| Property, plant and equipment |
|
|
| Land, buildings and improvements |
795,031 |
808,116 |
| Computer equipment and capitalized software |
457,301 |
454,925 |
| Furniture and other equipment |
207,831 |
209,624 |
| Construction in progress |
86,096 |
78,111 |
| Property, plant and equipment, gross |
1,546,259 |
1,550,776 |
| Less accumulated depreciation |
870,467 |
855,439 |
| Property, plant and equipment, net |
675,792 |
695,337 |
| Intangible assets |
|
|
| Definite-lived intangible assets, net |
664,998 |
682,713 |
| Indefinite-lived intangible assets |
369,324 |
369,480 |
| Goodwill |
1,421,618 |
1,479,037 |
| Other long-term assets |
553,556 |
474,103 |
| Total assets |
6,338,401 |
5,968,361 |
| Current liabilities |
|
|
| Accounts payable, client accounts |
734,540 |
658,108 |
| Accounts payable |
59,762 |
74,151 |
| Accrued expenses |
544,471 |
675,880 |
| Deferred revenue |
1,081,883 |
543,122 |
| Current portion of long-term debt, net |
64,104 |
47,443 |
| Other current liabilities |
22,221 |
12,035 |
| Total current liabilities |
2,506,981 |
2,010,739 |
| Long-term debt, net |
1,968,771 |
1,995,957 |
| Long-term deferred income taxes |
195,387 |
196,759 |
| Other long-term liabilities |
111,894 |
112,204 |
| Commitments and contingent liabilities |
|
|
| Redeemable noncontrolling interests |
166,816 |
168,855 |
| Stockholders’ equity |
|
|
| Common stock |
2,009 |
2,004 |
| Additional paid-in capital |
2,416,164 |
2,414,428 |
| Accumulated deficit |
(1,100,882) |
(1,042,603) |
| Cost of shares held in treasury |
(6,865) |
(6,865) |
| Accumulated other comprehensive loss |
(114,478) |
(70,010) |
| Total Live Nation stockholders’ equity |
1,195,948 |
1,296,954 |
| Noncontrolling interests |
192,604 |
186,893 |
| Total equity |
1,388,552 |
1,483,847 |
| Total liabilities and equity |
$ 6,338,401 |
$ 5,968,361 |