2013 Q2 Form 10-Q Financial Statement

#000133525813000021 Filed on August 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $1.680B $1.551B
YoY Change 8.31% -0.53%
Cost Of Revenue $1.210B $1.107B
YoY Change 9.31% -2.75%
Gross Profit $469.6M $443.8M
YoY Change 5.81% 5.49%
Gross Profit Margin 27.96% 28.62%
Selling, General & Admin $295.7M $280.9M
YoY Change 5.26% -3.59%
% of Gross Profit 62.97% 63.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $82.70M $94.30M
YoY Change -12.3% 22.47%
% of Gross Profit 17.61% 21.25%
Operating Expenses $295.7M $280.9M
YoY Change 5.26% -23.72%
Operating Profit $97.81M $42.97M
YoY Change 127.63% -18.0%
Interest Expense $30.04M $29.49M
YoY Change 1.88% -206.07%
% of Operating Profit 30.71% 68.63%
Other Income/Expense, Net -$3.868M -$5.424M
YoY Change -28.69% 317.23%
Pretax Income $67.42M $10.79M
YoY Change 524.92% -53.7%
Income Tax $8.401M $5.228M
% Of Pretax Income 12.46% 48.46%
Net Earnings $58.13M $7.692M
YoY Change 655.72% -42.17%
Net Earnings / Revenue 3.46% 0.5%
Basic Earnings Per Share $0.30
Diluted Earnings Per Share $0.30 $40.68K
COMMON SHARES
Basic Shares Outstanding 193.1M shares 186.9M shares
Diluted Shares Outstanding 196.8M shares 189.3M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.385B $1.005B
YoY Change 37.81% 0.1%
Cash & Equivalents $1.385B $1.005B
Short-Term Investments
Other Short-Term Assets $60.21M $678.0M
YoY Change -91.12% 24.63%
Inventory
Prepaid Expenses $607.4M
Receivables $634.5M $492.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.687B $2.176B
YoY Change 23.5% 6.93%
LONG-TERM ASSETS
Property, Plant & Equipment $692.7M $713.0M
YoY Change -2.85% -2.99%
Goodwill $1.369B
YoY Change
Intangibles
YoY Change
Long-Term Investments $52.44M $63.00M
YoY Change -16.77% 36.96%
Other Assets $236.9M $247.0M
YoY Change -4.09% -1.2%
Total Long-Term Assets $3.395B $3.572B
YoY Change -4.94% -1.24%
TOTAL ASSETS
Total Short-Term Assets $2.687B $2.176B
Total Long-Term Assets $3.395B $3.572B
Total Assets $6.083B $5.748B
YoY Change 5.82% 1.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $167.8M $667.0M
YoY Change -74.84% 6.72%
Accrued Expenses $631.2M $598.0M
YoY Change 5.55% 2.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $62.00M $58.00M
YoY Change 6.9% 0.0%
Total Short-Term Liabilities $2.517B $2.171B
YoY Change 15.92% 12.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.662B $1.682B
YoY Change -1.19% 0.42%
Other Long-Term Liabilities $87.41M $106.0M
YoY Change -17.54% -34.97%
Total Long-Term Liabilities $87.41M $1.788B
YoY Change -95.11% -2.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.517B $2.171B
Total Long-Term Liabilities $87.41M $1.788B
Total Liabilities $2.604B $4.343B
YoY Change -40.04% 6.03%
SHAREHOLDERS EQUITY
Retained Earnings -$913.5M
YoY Change
Common Stock $1.959M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.392B $1.406B
YoY Change
Total Liabilities & Shareholders Equity $6.083B $5.748B
YoY Change 5.82% 1.7%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $58.13M $7.692M
YoY Change 655.72% -42.17%
Depreciation, Depletion And Amortization $82.70M $94.30M
YoY Change -12.3% 22.47%
Cash From Operating Activities $109.8M $45.30M
YoY Change 142.38% 824.49%
INVESTING ACTIVITIES
Capital Expenditures -$51.00M -$36.30M
YoY Change 40.5% 36.98%
Acquisitions
YoY Change
Other Investing Activities $48.90M -$70.10M
YoY Change -169.76% 995.31%
Cash From Investing Activities -$2.100M -$106.4M
YoY Change -98.03% 223.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.80M 16.80M
YoY Change 142.86% -52.41%
NET CHANGE
Cash From Operating Activities 109.8M 45.30M
Cash From Investing Activities -2.100M -106.4M
Cash From Financing Activities 40.80M 16.80M
Net Change In Cash 148.5M -44.30M
YoY Change -435.21% -706.85%
FREE CASH FLOW
Cash From Operating Activities $109.8M $45.30M
Capital Expenditures -$51.00M -$36.30M
Free Cash Flow $160.8M $81.60M
YoY Change 97.06% 159.87%

Facts In Submission

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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Document Period End Date
DocumentPeriodEndDate
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dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001335258
CY2013Q3 dei Entity Common Stock Shares Outstanding
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Live Nation Entertainment, Inc.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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