v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 9,077,847 $ 7,094,200
Accounts Receivable, after Allowance for Credit Loss, Current 1,965,296 2,009,055
Prepaid expenses 2,217,054 1,453,732
Other current assets 381,342 417,405
Total current assets 13,641,539 10,974,392
Property, plant and equipment, net 3,664,231 3,415,771
Operating lease assets 1,910,332 1,869,753
Intangible assets    
Definite-lived intangible assets, net 1,071,290 1,078,453
Indefinite-lived intangible assets, net 368,961 369,015
Goodwill 2,933,243 2,889,178
Long-term advances 667,912 631,071
Other long-term assets 1,810,584 1,684,900
Total assets 26,068,092 22,912,533
Current liabilities    
Accounts payable, client accounts 2,174,981 1,941,389
Accrued expenses and accounts payable 3,562,342 3,555,811
Deferred revenue 7,410,720 4,461,959
Current portion of long-term debt, net 1,800,776 [1] 587,630
Other current liabilities 467,757 482,061
Total current liabilities 15,416,576 11,028,850
Long-term debt, net 6,709,420 7,612,018
Long-term operating lease liabilities 2,073,207 2,036,974
Other long-term liabilities 435,347 415,844
Commitments and contingent liabilities (see Note 6)
Redeemable noncontrolling interests 951,724 924,472
Stockholders' equity    
Common stock 2,333 2,328
Additional paid-in capital 1,405,279 1,455,925
Accumulated deficit (1,431,082) (1,041,978)
Cost of shares held in treasury (30,396) (30,396)
Accumulated other comprehensive loss (85,538) (114,872)
Total Live Nation stockholders' equity (139,404) 271,007
Noncontrolling interests 621,222 623,368
Total equity 481,818 894,375
Total liabilities and equity $ 26,068,092 $ 22,912,533
[1]
As of March 31, 2026, the current portion includes the full principal amount of the 3.125% convertible senior notes due 2029 (the “2029 Notes”) as, in accordance with the 2029 Notes indenture, the closing price of our common stock achieved specified targets during the three months ended March 31, 2026, which gives the holders of the 2029 Notes the option to surrender all or any portion of the 2029 Notes. The Company can elect to settle any surrendered 2029 Notes with common stock and/or cash. The surrender window is currently from April 1, 2026 through June 30, 2026 and may be extended at each quarter end thereafter depending on our future stock price.