| 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 |
èßäÉçÇø SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Canada |
​ |
70% |
​ |
$ |
NA |
Ìý |
$ |
611 |
Ìý |
597 |
​ |
Live Nation (a) |
​ |
​ |
​ |
​ |
NA |
​ |
​ |
NA |
​ |
158 |
​ |
Other |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
104 |
​ |
68 |
​ |
Total èßäÉçÇø SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
715 |
​ |
823 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Other (a) |
Ìý |
various |
​ |
Ìý |
NA |
Ìý |
​ |
41 |
Ìý |
34 |
​ |
Total Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
41 |
Ìý |
34 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
èßäÉçÇø Live Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Live Nation (a) |
​ |
30% |
​ |
​ |
6,519 |
Ìý |
​ |
307 |
​ |
NA |
​ |
Other (a) |
​ |
​ |
​ |
​ |
NA |
​ |
​ |
26 |
​ |
NA |
​ |
Total èßäÉçÇø Live Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
333 |
​ |
NA |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Other |
​ |
​ |
​ |
​ |
NA |
​ |
​ |
NA |
​ |
95 |
​ |
Total Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
NA |
​ |
95 |
​ |
Consolidated èßäÉçÇø |
​ |
​ |
​ |
​ |
​ |
​ |
$ |
1,089 |
​ |
952 |
​ |
| (a) |
èßäÉçÇø’s interests in Live Nation and certain other equity affiliates were reattributed to the èßäÉçÇø Live Group effective August 3, 2023. èßäÉçÇø’s share of earnings (losses) related to these affiliates were reflected in the results of the èßäÉçÇø SiriusXM Group and the Formula One Group prior to the Reclassification and are reflected in the results of the èßäÉçÇø Live Group following the Reclassification.
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| Summarized financial information |
Consolidated Balance Sheets
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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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