Live Nation Entertainment (LYV) FY2012 results: revenue $5.8 billion, up 8.1% on the year
Live Nation Entertainment, Inc. (LYV) reported revenue of $5.8 billion for fiscal 2012, the year ended 31 December 2012, up 8.1% on the year before. Net income was -$163 million, and diluted earnings per share $-0.87. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$5.8 billion
+8.1% on the year
FY2009FY2012
Operating margin
-0.4%
0.3% a year earlier
FY2009FY2012
Net income
-$163 million
FY2009FY2012
Diluted EPS
-$0.87
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
5,819
5,384
5,064
+8.1%
Selling, general and administrative
1,144
1,112
1,014
+2.8%
Operating income
-21.6
18.3
-63.7
Operating margin
-0.4%
0.3%
-1.3%
Interest expense
124
120
117
+2.8%
Pre-tax income
-132
-96.6
-189
Income tax
29.7
-26.2
15.2
Net income
-163
-83.0
-228
Net margin
-2.8%
-1.5%
-4.5%
Diluted EPS
-$0.87
-$0.46
-$1.39
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
367
136
159
+170.5%
Capital expenditure
124
108
75.6
+15.2%
Free cash flow
243
28.2
82.9
+762.6%
Free cash flow margin
4.2%
0.5%
1.6%
Cash from investing
-204
-152
453
Cash from financing
-19.9
-44.4
49.1
Depreciation and amortisation
430
343
322
+25.2%
Share-based compensation
37.1
50.0
52.4
-25.9%
Buybacks
0.0
0.0
1.6
Diluted shares, weighted
187m
182m
164m
+2.5%
Shares outstanding at period end
191m
190m
175m
+0.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,355
1,461
1,364
-7.2%
Non-controlling interest
153
156
137
-1.7%
Redeemable equity
42.1
8.3
108
+408.6%
Debt
1,740
1,705
1,732
+2.0%
Other liabilities
2,000
1,747
1,854
+14.5%
Total liabilities and equity
5,291
5,077
5,196
+4.2%
Fixed assets
722
720
737
+0.2%
Goodwill
1,358
1,258
1,226
+8.0%
Intangible assets
724
874
997
-17.1%
Cash and equivalents
1,001
844
893
+18.6%
Receivables
416
389
330
+6.8%
Inventory
12.0
12.9
18.5
-7.1%
Other assets
1,058
979
994
+8.0%
Total assets
5,291
5,077
5,196
+4.2%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.