| Schedule Of Equity Ownership And Carrying Amount |
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DecemberÌý31,Ìý2023 |
​ |
DecemberÌý31,Ìý2022 |
Ìý |
​ |
ÌýÌýÌýÌý |
Percentage |
ÌýÌýÌýÌý |
Fair Value |
ÌýÌýÌýÌý |
Carrying |
ÌýÌýÌýÌý |
Carrying |
Ìý |
​ |
​ |
ownership |
​ |
(Level 1) |
​ |
amount |
​ |
amount |
Ìý |
|
​ |
​ |
dollarÌýamountsÌýinÌýmillions |
Ìý |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Canada |
​ |
70% |
​ |
$ |
NA |
Ìý |
$ |
611 |
Ìý |
597 |
​ |
Live Nation (a) |
​ |
​ |
​ |
​ |
NA |
​ |
​ |
NA |
​ |
158 |
​ |
Other |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
104 |
​ |
68 |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
715 |
​ |
823 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Other (a) |
Ìý |
various |
​ |
Ìý |
NA |
Ìý |
​ |
41 |
Ìý |
34 |
​ |
Total Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
41 |
Ìý |
34 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· Live Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Live Nation (a) |
​ |
30% |
​ |
​ |
6,519 |
Ìý |
​ |
307 |
​ |
NA |
​ |
Other (a) |
​ |
​ |
​ |
​ |
NA |
​ |
​ |
26 |
​ |
NA |
​ |
Total Â鶹×îгöÆ· Live Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
333 |
​ |
NA |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Other |
​ |
​ |
​ |
​ |
NA |
​ |
​ |
NA |
​ |
95 |
​ |
Total Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
NA |
​ |
95 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
$ |
1,089 |
​ |
952 |
​ |
| (a) |
Â鶹×îгöƷ’s interests in Live Nation and certain other equity affiliates were reattributed to the Â鶹×îгöÆ· Live Group effective August 3, 2023. Â鶹×îгöƷ’s share of earnings (losses) related to these affiliates were reflected in the results of the Â鶹×îгöÆ· SiriusXM Group and the Formula One Group prior to the Reclassification and are reflected in the results of the Â鶹×îгöÆ· Live Group following the Reclassification.
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| Summarized financial information |
Consolidated Balance Sheets
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​ |
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December 31, |
​ |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
|
​ |
​ |
amounts in millions |
​ |
Current assets |
​ |
$ |
9,578 |
Ìý |
8,160 |
Ìý |
Property, plant and equipment, net |
​ |
Ìý |
2,101 |
Ìý |
1,488 |
Ìý |
Intangible assets |
​ |
​ |
1,539 |
​ |
1,419 |
​ |
Goodwill |
​ |
Ìý |
2,691 |
Ìý |
2,529 |
Ìý |
Other assets |
​ |
​ |
3,165 |
​ |
2,865 |
​ |
Total assets |
​ |
$ |
19,074 |
Ìý |
16,461 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current liabilities |
​ |
$ |
9,960 |
​ |
8,303 |
​ |
Long-term debt, net |
​ |
​ |
5,459 |
​ |
5,283 |
​ |
Other liabilities |
​ |
​ |
2,174 |
​ |
2,111 |
​ |
Redeemable noncontrolling interests |
​ |
​ |
894 |
​ |
670 |
​ |
Equity |
​ |
​ |
587 |
​ |
94 |
​ |
Total liabilities and equity |
​ |
$ |
19,074 |
​ |
16,461 |
​ |
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Consolidated Statements of Operations
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​ |
​ |
YearsÌýendedÌýDecemberÌý31, |
​ |
​ |
​ |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
​ |
|
​ |
​ |
amounts in millions |
​ |
Revenue |
​ |
$ |
22,749 |
Ìý |
16,681 |
Ìý |
6,268 |
​ |
Operating expenses: |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
Direct operating expenses |
​ |
​ |
17,292 |
​ |
12,337 |
​ |
4,356 |
​ |
Selling, general and administrative expenses |
​ |
Ìý |
3,557 |
Ìý |
2,956 |
Ìý |
1,755 |
​ |
Depreciation and amortization |
​ |
​ |
517 |
​ |
450 |
​ |
416 |
​ |
Other operating expenses |
​ |
​ |
317 |
​ |
206 |
​ |
159 |
​ |
​ |
​ |
​ |
21,683 |
Ìý |
15,949 |
Ìý |
6,686 |
​ |
Operating income (loss) |
​ |
​ |
1,066 |
​ |
732 |
​ |
(418) |
​ |
Interest expense |
​ |
​ |
(350) |
​ |
(278) |
​ |
(282) |
​ |
Other income (expense), net |
​ |
​ |
178 |
​ |
51 |
​ |
89 |
​ |
Earnings (loss) before income taxes |
​ |
​ |
894 |
​ |
505 |
​ |
(611) |
​ |
Income tax (expense) benefit |
​ |
​ |
(160) |
​ |
(96) |
​ |
2 |
​ |
Net earnings (loss) |
​ |
​ |
734 |
​ |
409 |
​ |
(609) |
​ |
Less net earnings (loss) attributable to noncontrolling interests |
​ |
​ |
171 |
​ |
113 |
​ |
42 |
​ |
Net earnings (loss) attributable to Live Nation stockholders |
​ |
$ |
563 |
​ |
296 |
​ |
(651) |
​ |
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