Live Nation Entertainment (LYV) FY2015 results: revenue $7.2 billion, up 5.5% on the year
Live Nation Entertainment, Inc. (LYV) reported revenue of $7.2 billion for fiscal 2015, the year ended 31 December 2015, up 5.5% on the year before. Net income was -$33 million, and diluted earnings per share $-0.33. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$7.2 billion
+5.5% on the year
FY2009FY2015
Operating margin
1.8%
0.1% a year earlier
FY2009FY2015
Net income
-$33 million
FY2009FY2015
Diluted EPS
-$0.33
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
7,246
6,867
6,479
+5.5%
Selling, general and administrative
1,412
1,337
1,227
+5.6%
Operating income
131
7.2
140
+1,733.8%
Operating margin
1.8%
0.1%
2.2%
Interest expense
103
106
112
-3.2%
Pre-tax income
6.4
-99.8
-5.1
Income tax
22.1
4.6
30.9
+377.8%
Effective tax rate
348.2%
n/a
n/a
Net income
-32.5
-90.8
-43.4
Net margin
-0.4%
-1.3%
-0.7%
Diluted EPS
-$0.33
-$0.49
-$0.22
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
308
292
431
+5.4%
Capital expenditure
142
140
135
+2.1%
Free cash flow
165
153
296
+8.4%
Free cash flow margin
2.3%
2.2%
4.6%
Cash from investing
-291
-392
-158
Cash from financing
-44.1
226
33.0
Depreciation and amortisation
397
368
369
+7.9%
Share-based compensation
33.4
39.0
28.4
-14.5%
Shares outstanding at period end
202m
201m
200m
+0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,237
1,297
1,409
-4.6%
Non-controlling interest
210
187
181
+12.3%
Redeemable equity
264
169
61.0
+56.2%
Debt
2,045
2,043
1,809
+0.1%
Other liabilities
2,401
2,272
2,224
+5.6%
Total liabilities and equity
6,156
5,968
5,684
+3.1%
Fixed assets
731
695
707
+5.2%
Goodwill
1,604
1,479
1,467
+8.5%
Intangible assets
778
683
677
+13.9%
Cash and equivalents
1,303
1,382
1,299
-5.7%
Receivables
453
419
439
+7.9%
Inventory
14.4
12.8
12.3
+12.2%
Other assets
1,273
1,297
1,083
-1.9%
Total assets
6,156
5,968
5,684
+3.1%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.