Live Nation Entertainment

Entertainment & Publishing event management promotional products tickets

Live Nation Entertainment is an American global entertainment company that operates in these main industries within the live entertainment business: live music events and associated venue operations, sponsorship and advertising sales, ticketing services and artist management.
The live music industry includes concert promotion and/or production of music events or tours. The sponsorship and advertising industry within the live entertainment business involves the sale of international, national, regional and local advertising and promotional programs to a variety of companies to advertise or promote their brand, product or service. Ticketing services include the sale of tickets primarily through online and mobile channels but also through phone, outlet and box office channels. Artist management sector primarily provide services to music recording artists to manage their careers.

Company Growth (employees)

Type

Public

HQ

Beverly Hills, US

Founded

2005

Size (employees)

8,300 (est)+8%

Website

Live Nation Entertainment was founded in 2005 and is headquartered in Beverly Hills, US

Key People at Live Nation Entertainment

Michael Rapino

Michael Rapino

President, Chief Executive Officer and Director

Kathy Willard

Kathy Willard

Chief Financial Officer

Joe Berchtold

Joe Berchtold

Chief Operating Officer

Live Nation Entertainment Office Locations

Live Nation Entertainment has an office in Beverly Hills

Beverly Hills, US (HQ)

9348 Civic Center Dr

Live Nation Entertainment Data and Metrics

Live Nation Entertainment Financial Metrics

Live Nation Entertainment's revenue was reported to be $1.4 b in Q1, 2017

Summary

USD

Live Nation Entertainment's current market capitalization is $7.4 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	6.5 b	6.9 b	7.2 b	8.4 b
Revenue growth, %		6%	6%	15%
General and administrative expense				1.5 b
Operating expense total				1.5 b
EBIT	139.7 m	7.2 m	131.4 m	194.9 m
EBIT margin, %	2%	0%	2%	2%
Interest expense	111.7 m	106.3 m	102.9 m	106.5 m
Interest income	(5.1 m)	(3.6 m)	(3.5 m)	(2.6 m)
Pre tax profit	(5.1 m)	(99.8 m)	6.4 m	48.3 m
Income tax expense	30.9 m	4.6 m	22.1 m	28 m
Net Income	(36 m)	(104.5 m)	(15.8 m)	20.3 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	1.7 b	2.5 b	1.1 b	1.8 b	2.6 b	1.2 b	2.2 b	3.2 b	1.4 b
General and administrative expense	325.9 m	349.7 m	314.5 m	326.8 m	362 m	336.2 m	374.8 m	414.4 m	383.3 m
Operating expense total	325.9 m	349.7 m	314.5 m	326.8 m	362 m	336.2 m	374.8 m	414.4 m	383.3 m
EBIT	55.7 m	150.6 m	(23.9 m)	42.2 m	153.5 m	(33.3 m)	74.2 m	191.3 m	(21.4 m)
EBIT margin, %	3%	6%	(2%)	2%	6%	(3%)	3%	6%	(2%)
Interest expense	27.6 m	28.1 m	25.4 m	25.7 m	25.8 m	25.4 m	25.3 m	25.2 m	26 m
Interest income	(1.1 m)	(864 k)	(1.6 m)	(394 k)	(460 k)	(556 k)	(650 k)	(625 k)	(945 k)
Pre tax profit	30.5 m	112.7 m	(65.8 m)	25.1 m	118 m	(49 m)	41.9 m	146.6 m	(41.2 m)
Income tax expense	4.7 m	(3.1 m)	745 k	4.9 m	13.6 m	6.9 m	5.4 m	13.8 m	6.5 m
Net Income	(4.3 m)	111.6 m	(66.5 m)	(46.3 m)	58.1 m	(56 m)	(19.5 m)	113.3 m	(47.8 m)

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	1.3 b	1.4 b	1.3 b	1.5 b
Current Assets	2.2 b	2.3 b	2.3 b	2.7 b
PP&E	706.8 m	695.3 m	731.3 m	751.5 m
Goodwill	1.5 b	1.5 b	1.6 b	1.7 b
Total Assets	5.7 b	6 b	6.2 b	6.8 b
Accounts Payable	111.3 m	74.2 m	58.6 m	55 m
Total Debt	1.8 b	2.1 b	2 b	2.3 b
Current Liabilities	2.3 b	2 b	2.1 b	2.5 b
Additional Paid-in Capital	2.4 b	2.4 b	2.4 b	2.4 b
Retained Earnings	(951.8 m)	(1 b)	(1.1 b)	(1.1 b)
Total Equity	1.6 b	1.5 b	1.4 b	1.3 b
Debt to Equity Ratio	1.1 x	1.4 x	1.4 x	1.7 x
Debt to Assets Ratio	0.3 x	0.3 x	0.3 x	0.3 x
Financial Leverage	3.6 x	4 x	4.3 x	5 x

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	1.5 b	1.1 b	1.7 b	1.5 b	1 b	2.2 b
Current Assets	2.8 b	2.3 b	3 b	3 b	2.4 b	3.6 b
PP&E	701.8 m	719.5 m	722.8 m	712.8 m	720.6 m	782.2 m
Goodwill	1.6 b	1.6 b	1.6 b	1.7 b	1.7 b	1.7 b
Total Assets	6.7 b	6.3 b	6.9 b	7 b	6.4 b	7.8 b
Accounts Payable	86.1 m	88.2 m	76.2 m	103.7 m	66.3 m	68.3 m
Current Liabilities	2.7 b	2.1 b	2.9 b	3 b	2.3 b	3.5 b
Common Stock	2 m	2 m	2 m	2 m	2 m	2 m
Additional Paid-in Capital	2.4 b	2.4 b	2.4 b	2.4 b	2.4 b	2.4 b
Retained Earnings	(1.1 b)	(996.8 m)	(1.1 b)	(1.1 b)	(972.1 m)	(1.1 b)
Total Equity	1.4 b	1.5 b	1.4 b	1.4 b	1.5 b	1.3 b
Financial Leverage	4.6 x	4 x	4.9 x	5 x	4.2 x	5.8 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(36 m)	(104.5 m)	(15.8 m)	20.3 m
Depreciation and Amortization				139.3 m
Accounts Receivable	11.5 m	(14.4 m)	(67.2 m)	(146.1 m)
Cash From Operating Activities	417.5 m	269.4 m	300.2 m	597.5 m
Purchases of PP&E	(134.9 m)	(139.6 m)	(142.5 m)	(173.8 m)
Cash From Investing Activities	(143.7 m)	(384.3 m)	(291 m)	(426.5 m)
Long-term Borrowings	(886.6 m)	(253.8 m)	(63.6 m)	(606.8 m)
Cash From Financing Activities	33 m	240.9 m	(36.5 m)	99.2 m
Income Taxes Paid	45.6 m	41.5 m	44.3 m	30.3 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	(4.3 m)	111.6 m	(66.5 m)	(46.3 m)	58.1 m	(56 m)	(19.5 m)	113.3 m	(47.8 m)
Depreciation and Amortization	61.9 m	93.1 m	32.1 m	63.7 m	97.8 m	33.1 m	67.5 m	104.1 m	35.9 m
Accounts Receivable	(126.5 m)	(193.7 m)	(47.7 m)	(122.1 m)	(232.1 m)	(16.9 m)	(171.7 m)	(345.3 m)	(6.6 m)
Cash From Operating Activities	338.5 m	(13.8 m)	342.5 m	357.2 m	(22.6 m)	517.4 m	511 m	119.5 m	760.7 m
Purchases of PP&E	(66.4 m)	(98.2 m)	(29.4 m)	(67.3 m)	(97.5 m)	(30.7 m)	(78.9 m)	(119.7 m)	(58.9 m)
Cash From Investing Activities	(93.6 m)	(159.7 m)	(50.6 m)	(163.9 m)	(227.1 m)	(85.7 m)	(219.4 m)	(260.2 m)	(75 m)
Long-term Borrowings	(15.1 m)		(8.7 m)	(17.2 m)	(22.9 m)	(9.8 m)	(18.6 m)	(28.8 m)	(11.8 m)
Cash From Financing Activities	484.2 m	251.3 m	(19.2 m)	(27 m)	(25.8 m)	(53.3 m)	(69.1 m)	(109.7 m)	(5.1 m)

Ratios

Live Nation Entertainment Market Value History

Market Position of Live Nation Entertainment

Competitors

Ticket Alternative

Entertainment & Publishing - Private

Entertainment & Publishing - Private

Technology - Private

Technology - Private

Compare competitors

Live Nation Entertainment Online and Social Media Presence

Live Nation Entertainment Company Life and Culture

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