Live Nation Entertainment (LYV) FY2023 results: revenue $22.7 billion, up 36.4% on the year
Live Nation Entertainment, Inc. (LYV) reported revenue of $22.7 billion for fiscal 2023, the year ended 31 December 2023, up 36.4% on the year before. Net income was $557 million, up 109.0%, and diluted earnings per share $1.37. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$22.7 billion
+36.4% on the year
FY2016FY2023
Operating margin
4.8%
4.3% a year earlier
FY2016FY2023
Net income
$557 million
+109.0% on the year
FY2016FY2023
Diluted EPS
$1.37
+114.1% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,363
1,832
1,781
-25.6%
Capital expenditure
439
347
153
+26.3%
Free cash flow
924
1,485
1,628
-37.7%
Free cash flow margin
4.1%
8.9%
26.0%
Cash from investing
-696
-785
-567
Cash from financing
-87.3
-143
1,171
Depreciation and amortisation
517
450
416
+14.8%
Share-based compensation
116
110
209
+5.4%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
231m
232m
217m
-0.3%
Shares outstanding at period end
233m
231m
225m
+0.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-52.3
-368
-583
Non-controlling interest
604
461
394
+31.0%
Redeemable equity
860
670
552
+28.4%
Debt
6,593
5,903
5,731
+11.7%
Operating lease liabilities
1,686
1,655
1,606
+1.9%
Other liabilities
9,338
8,139
6,702
+14.7%
Total liabilities and equity
19,030
16,461
14,402
+15.6%
Fixed assets
2,101
1,488
1,092
+41.3%
Goodwill
2,691
2,529
2,591
+6.4%
Intangible assets
1,162
1,051
1,026
+10.6%
Cash and equivalents
6,232
5,606
4,885
+11.2%
Receivables
2,025
1,465
1,067
+38.2%
Inventory
45.1
38.7
33.8
+16.6%
Other assets
4,773
4,283
3,708
+11.5%
Total assets
19,030
16,461
14,402
+15.6%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.