Live Nation Entertainment (LYV) FY2016 results: revenue $7.8 billion, up 8.0% on the year
Live Nation Entertainment, Inc. (LYV) reported revenue of $7.8 billion for fiscal 2016, the year ended 31 December 2016, up 8.0% on the year before. Net income was $3 million, and diluted earnings per share $-0.23. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$7.8 billion
+8.0% on the year
FY2009FY2016
Operating margin
2.5%
1.8% a year earlier
FY2009FY2016
Net income
$3 million
FY2009FY2016
Diluted EPS
-$0.23
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
7,826
7,246
6,867
+8.0%
Selling, general and administrative
1,548
1,412
1,337
+9.7%
Operating income
195
131
7.2
+48.4%
Operating margin
2.5%
1.8%
0.1%
Interest expense
107
103
106
+3.5%
Pre-tax income
48.3
6.4
-99.8
+660.7%
Income tax
28.0
22.1
4.6
+26.7%
Effective tax rate
58.0%
348.2%
n/a
Net income
2.9
-32.5
-90.8
Net margin
0.0%
-0.4%
-1.3%
Diluted EPS
-$0.23
-$0.33
-$0.49
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
599
308
292
+94.5%
Capital expenditure
174
142
140
+22.0%
Free cash flow
425
165
153
+157.0%
Free cash flow margin
5.4%
2.3%
2.2%
Cash from investing
-426
-291
-392
Cash from financing
99.2
-44.1
226
Depreciation and amortisation
319
397
368
-19.8%
Share-based compensation
32.7
33.4
39.0
-1.9%
Shares outstanding at period end
204m
202m
201m
+0.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,126
1,237
1,297
-9.0%
Non-controlling interest
224
210
187
+6.4%
Redeemable equity
347
264
169
+31.6%
Debt
2,313
2,045
2,043
+13.1%
Other liabilities
2,755
2,401
2,272
+14.7%
Total liabilities and equity
6,764
6,156
5,968
+9.9%
Fixed assets
752
731
695
+2.8%
Goodwill
1,747
1,604
1,479
+8.9%
Intangible assets
812
778
683
+4.4%
Cash and equivalents
1,527
1,303
1,382
+17.1%
Receivables
569
453
419
+25.7%
Inventory
15.1
14.4
12.8
+5.0%
Other assets
1,343
1,273
1,297
+5.5%
Total assets
6,764
6,156
5,968
+9.9%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.