| Summarized financial information |
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September 30, 2024 |
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December 31, 2023 |
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amounts in millions |
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Current assets |
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$ |
9,775 |
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9,533 |
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Property, plant and equipment, net |
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2,376 |
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2,101 |
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Intangible assets |
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|
1,428 |
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1,539 |
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Goodwill |
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2,670 |
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2,691 |
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Investments in affiliates |
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|
515 |
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448 |
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Other assets |
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2,983 |
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2,718 |
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Total assets |
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$ |
19,747 |
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19,030 |
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Current liabilities |
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$ |
9,681 |
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9,984 |
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Long-term debt, net |
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5,673 |
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5,459 |
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Other liabilities |
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|
2,439 |
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2,175 |
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Redeemable noncontrolling interests |
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|
1,024 |
|
860 |
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Equity |
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|
930 |
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552 |
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Total liabilities and equity |
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$ |
19,747 |
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19,030 |
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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amounts in millions |
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Revenue |
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$ |
7,651 |
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8,155 |
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17,474 |
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16,907 |
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Operating expenses: |
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Direct operating expenses |
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5,780 |
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6,298 |
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12,840 |
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12,590 |
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Selling, general and administrative expenses |
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|
1,005 |
|
974 |
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2,913 |
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2,533 |
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Depreciation and amortization |
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|
137 |
|
131 |
|
407 |
|
382 |
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Other operating expenses |
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|
89 |
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98 |
|
250 |
|
236 |
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7,011 |
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7,501 |
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16,410 |
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15,741 |
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Operating income (loss) |
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|
640 |
|
654 |
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1,064 |
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1,166 |
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Interest expense |
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(88) |
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(86) |
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(249) |
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(257) |
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Other income (expense), net |
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|
34 |
|
64 |
|
226 |
|
147 |
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Earnings (loss) before income taxes |
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|
586 |
|
632 |
|
1,041 |
|
1,056 |
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Income tax (expense) benefit |
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(70) |
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(51) |
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(192) |
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(127) |
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Net earnings (loss) |
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|
516 |
|
581 |
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849 |
|
929 |
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Less net earnings (loss) attributable to noncontrolling interests |
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|
64 |
|
60 |
|
154 |
|
139 |
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Net earnings (loss) attributable to Live Nation stockholders |
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$ |
452 |
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521 |
|
695 |
|
790 |
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