LIVE NATION ENTERTAINMENT, INC. (LYV) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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LIVE NATION ENTERTAINMENT, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Other, net → investing reconciliation: $3,854,000.00Collections of notes receivable → investing reconciliation: $1,499,000.00investing reconciliation → Purchases of property, plant and equipment: $158,061,000.00investing reconciliation → Cash acquired from (paid for) acquisitions, net of cash paid (acquired): $31,877,000.00investing reconciliation → Advances of notes receivable: $16,922,000.00investing reconciliation → Investments made in nonconsolidated affiliates: $3,886,000.00investing reconciliation → Purchases of intangible assets: $3,000,000.00Proceeds from exercise of stock options → financing reconciliation: $6,523,000.00Contributions from noncontrolling interests → financing reconciliation: $2,972,000.00Proceeds from long-term debt, net of debt issuance costs → financing reconciliation: $1,152,000.00Other, net → financing reconciliation: $698,000.00financing reconciliation → Distributions to noncontrolling interests: $27,926,000.00financing reconciliation → Purchases of noncontrolling interests, net: $21,955,000.00financing reconciliation → Payments on long-term debt: $7,435,000.00financing reconciliation → Taxes paid for net share settlement of equity awards: $2,322,000.00financing reconciliation → Payments for deferred and contingent consideration: $1,191,000.00Net cash used in operating activities → operating reconciliation: $720,902,000.00Net income → operating reconciliation: $505,195,000.00Increase in prepaid expenses and other assets → operating reconciliation: $304,206,000.00Increase in accounts payable, accrued expenses and other liabilities → operating reconciliation: $195,901,000.00Depreciation → operating reconciliation: $75,673,000.00Amortization of definite-lived intangibles and indefinite-lived intangibles impairment loss → operating reconciliation: $61,328,000.00Stock-based compensation expense → operating reconciliation: $25,712,000.00Amortization of non-recoupable ticketing contract advances → operating reconciliation: $16,996,000.00Equity in losses of nonconsolidated affiliates, net of distributions → operating reconciliation: $14,915,000.00Provision for uncollectible accounts receivable → operating reconciliation: $8,705,000.00Unrealized changes in fair value of contingent consideration → operating reconciliation: $6,120,000.00Amortization of debt issuance costs and discounts → operating reconciliation: $5,287,000.00Other, net → operating reconciliation: $354,000.00Remaining operating cash flows, net (calculated) → operating reconciliation: $105,000.00operating reconciliation → Decrease in deferred revenue: $1,804,783,000.00operating reconciliation → Increase in accounts receivable: $128,635,000.00operating reconciliation → Deferred income tax benefit: $7,981,000.00Net cash used in financing activities → financing reconciliation: $49,484,000.00Net cash used in investing activities → investing reconciliation: $208,393,000.00Exchange-rate effect → Cash sources and uses: $70,042,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $6,409,540,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $5,500,803,000.00Cash sources and uses → Net cash used in investing activities: $208,393,000.00Cash sources and uses → Net cash used in financing activities: $49,484,000.00Cash sources and uses → Net cash used in operating activities: $720,902,000.00Net income: $505,195,000.00Net income+$505.20 MDepreciation: $75,673,000.00Depreciation expense+$75.67 MAmortization of definite-lived intangibles and indefinite-lived intangibles impairment loss: $61,328,000.00Definite-lived intangible amort.+$61.33 MAmortization of non-recoupable ticketing contract advances: $16,996,000.00Non-recoupable advance amort.+$17.00 MDeferred income tax benefit: -$7,981,000.00Deferred income taxes−$7.98 MAmortization of debt issuance costs and discounts: $5,287,000.00Debt cost amortization+$5.29 MLoss on extinguishment of debt: -$0.00Stock-based compensation expense: $25,712,000.00Stock-based compensation+$25.71 MUnrealized changes in fair value of contingent consideration: $6,120,000.00Contingent consideration FV+$6.12 MEquity in losses of nonconsolidated affiliates, net of distributions: $14,915,000.00Equity-method income, net+$14.92 MProvision for uncollectible accounts receivable: $8,705,000.00Credit loss provision+$8.71 MOther, net: $354,000.00Other non-cash items+$354.00 KIncrease in accounts receivable: -$128,635,000.00Accounts receivable−$128.64 MIncrease in prepaid expenses and other assets: $304,206,000.00Prepaid & other assets+$304.21 MIncrease in accounts payable, accrued expenses and other liabilities: $195,901,000.00Accrued expenses & payables+$195.90 MDecrease in deferred revenue: -$1,804,783,000.00Unearned revenue−$1.80 BRemaining operating cash flows, net (calculated): $105,000.00Remaining operating (calculated)+$105.00 KNet cash used in operating activities: -$720,902,000.00. Cash required to fund net payments.Operating cash−$720.90 Moperating reconciliation: $1,941,399,000.00Proceeds from long-term debt, net of debt issuance costs: $1,152,000.00Debt issued, net of costs+$1.15 MPayments on long-term debt: -$7,435,000.00Long-term debt repaid−$7.44 MContributions from noncontrolling interests: $2,972,000.00From noncontrolling interests+$2.97 MDistributions to noncontrolling interests: -$27,926,000.00Noncontrolling dividends−$27.93 MPurchases of noncontrolling interests, net: -$21,955,000.00NCI purchases, net−$21.96 MCapped call transactions for 3.125% convertible senior notes due 2029: $0.00Proceeds from exercise of stock options: $6,523,000.00Stock option exercises+$6.52 MTaxes paid for net share settlement of equity awards: -$2,322,000.00Stock-award tax withholding−$2.32 MPayments for deferred and contingent consideration: -$1,191,000.00Acquisition-related payments−$1.19 MOther, net: $698,000.00Other financing, net+$698.00 KNet cash used in financing activities: -$49,484,000.00. Cash required to fund net payments.Financing cash−$49.48 Mfinancing reconciliation: $60,829,000.00Advances of notes receivable: -$16,922,000.00Notes receivable issued−$16.92 MCollections of notes receivable: $1,499,000.00Notes receivable collected+$1.50 MInvestments made in nonconsolidated affiliates: -$3,886,000.00Equity-method investments made−$3.89 MPurchases of property, plant and equipment: -$158,061,000.00PP&E purchases−$158.06 MCash acquired from (paid for) acquisitions, net of cash paid (acquired): -$31,877,000.00Acquisitions, net of cash−$31.88 MPurchases of intangible assets: -$3,000,000.00Intangible asset purchases−$3.00 MOther, net: $3,854,000.00Other investing, net+$3.85 MNet cash used in investing activities: -$208,393,000.00. Cash required to fund net payments.Investing cash−$208.39 Minvesting reconciliation: $213,746,000.00Cash sources and uses: $6,479,582,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $6,409,540,000.00Beginning cash$6.41 BEnding cash: Cash, cash equivalents, and restricted cash: $5,500,803,000.00Ending cash$5.50 BExchange-rate effect: $70,042,000.00FX effect+$70.04 MCASH RECONCILIATIONInvestingflowsFinancingflowsOperatingflowsFree cash flow−$878.96 MOperating cash − cash spent on PP&ECash flow / Net income−1.43×Operating cash flow ÷ net incomeNet cash change−$908.74 MEnding cash − beginning cash
Chart details

LIVE NATION ENTERTAINMENT, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
6,409,540,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 720,902,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Gain on mark-to-market of investments in nonconsolidated affiliates), so Gain on mark-to-market of investments in nonconsolidated affiliates cannot be separated for this quarter. It may combine inflows and outflows.
Net income
505,195,000 US dollars
Depreciation
75,673,000 US dollars
Amortization of definite-lived intangibles and indefinite-lived intangibles impairment loss
61,328,000 US dollars
Amortization of non-recoupable ticketing contract advances
16,996,000 US dollars
Deferred income tax benefit
negative 7,981,000 US dollars
Amortization of debt issuance costs and discounts
5,287,000 US dollars
Loss on extinguishment of debt
0 US dollars
Stock-based compensation expense
25,712,000 US dollars
Unrealized changes in fair value of contingent consideration
6,120,000 US dollars
Equity in losses of nonconsolidated affiliates, net of distributions
14,915,000 US dollars
Provision for uncollectible accounts receivable
8,705,000 US dollars
Other, net
354,000 US dollars
Increase in accounts receivable
negative 128,635,000 US dollars
Increase in prepaid expenses and other assets
304,206,000 US dollars
Increase in accounts payable, accrued expenses and other liabilities
195,901,000 US dollars
Decrease in deferred revenue
negative 1,804,783,000 US dollars
Remaining operating cash flows, net (calculated)
105,000 US dollars
Investing activities
negative 208,393,000 US dollars. Net cash used.
Advances of notes receivable
negative 16,922,000 US dollars
Collections of notes receivable
1,499,000 US dollars
Investments made in nonconsolidated affiliates
negative 3,886,000 US dollars
Purchases of property, plant and equipment
negative 158,061,000 US dollars
Cash acquired from (paid for) acquisitions, net of cash paid (acquired)
negative 31,877,000 US dollars
Purchases of intangible assets
negative 3,000,000 US dollars
Other, net
3,854,000 US dollars
Financing activities
negative 49,484,000 US dollars. Net cash used.
Proceeds from long-term debt, net of debt issuance costs
1,152,000 US dollars
Payments on long-term debt
negative 7,435,000 US dollars
Contributions from noncontrolling interests
2,972,000 US dollars
Distributions to noncontrolling interests
negative 27,926,000 US dollars
Purchases of noncontrolling interests, net
negative 21,955,000 US dollars
Capped call transactions for 3.125% convertible senior notes due 2029
0 US dollars
Proceeds from exercise of stock options
6,523,000 US dollars
Taxes paid for net share settlement of equity awards
negative 2,322,000 US dollars
Payments for deferred and contingent consideration
negative 1,191,000 US dollars
Other, net
698,000 US dollars
Operating adjustment reconciliation
1,941,399,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
60,829,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
213,746,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
70,042,000 US dollars
Ending cash on Sep 30, 2024
5,500,803,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
6,479,582,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 908,737,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−1.43×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
negative 720,902,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
158,061,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 878,963,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is $505.20 M, derived by subtracting the earlier cumulative period; the income statement reports $515.68 M for the same period. The difference is −$10.49 M. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 720,902,000 US dollars minus 158,061,000 US dollars equals negative 878,963,000 US dollars.
  • Cash-flow net income is $505.20 M, derived by subtracting the earlier cumulative period; the income statement reports $515.68 M for the same period. The difference is −$10.49 M. Neither amount has been adjusted.
LIVE NATION ENTERTAINMENT, INC. (LYV) FY2024 Q3 Statement of Cash Flows Sankey chart
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