For the year ending 2025-12-31, LYV had $1,000,877K increase in cash & cash equivalents over the period. $333,611K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 690,740 | 1,131,124 | 734,317 | 409,193 |
| Depreciation | 374,301 | 300,003 | 266,590 | 225,770 |
| Amortization of definite-lived intangibles and indefinite-lived intangibles impairment loss | - | 249,920 | 250,207 | 224,206 |
| Amortization of definite-lived intangibles | 264,571 | - | - | - |
| Amortization of non-recoupable ticketing contract advances | 88,386 | 88,717 | 83,693 | 79,043 |
| Deferred income taxes | -20,502 | -708,570 | -44,018 | 7,199 |
| Amortization of debt issuance costs and discounts | 20,244 | 17,794 | 16,884 | 16,448 |
| Provision for uncollectible accounts receivable | 30,784 | 1,002 | 78,336 | 68,612 |
| Loss on extinguishment of debt | -780 | -2,563 | -18,504 | - |
| Stock-based compensation expense | 155,219 | 110,348 | 115,959 | 110,049 |
| Unrealized changes in fair value of contingent consideration | 91,455 | -21,721 | 40,151 | 56,704 |
| Gain on mark-to-market of equity investments | - | - | -47,878 | - |
| Equity in losses of nonconsolidated affiliates, net of distributions | -23,227 | -32,371 | -30,522 | -14,912 |
| Gain on mark-to-market of investments in nonconsolidated affiliates | - | -102,929 | - | - |
| Gain on mark-to-market of investments in nonconsolidated affiliates and crypto assets | -12,112 | - | - | - |
| Loss (gain) on sale of investments in nonconsolidated affiliates | - | - | 979 | -1,357 |
| (gain) loss on forward currency exchange contracts | - | 15,393 | - | - |
| Gain on sale of operating and fixed assets | 20,979 | - | - | - |
| Other, net | 3,052 | 11,159 | 11,509 | 19,283 |
| Decrease (increase) in accounts receivable | 147,892 | -181,430 | 550,670 | 463,977 |
| Increase in prepaid expenses and other assets | 343,315 | 22,192 | 202,834 | 267,945 |
| Increase (decrease) in accrued expenses, accounts payable and other liabilities | -138,407 | 13,782 | 460,496 | 1,002,158 |
| Increase in deferred revenue | 341,868 | 478,085 | 133,023 | 367,617 |
| Net cash provided by operating activities | 1,395,316 | 1,725,175 | 1,370,794 | 1,832,063 |
| Advances of notes receivable | 77,636 | 119,213 | 181,801 | 115,992 |
| Collections of notes receivable | 22,855 | 52,303 | 17,057 | 20,527 |
| Proceeds from sales of assets, investing activities | 25,536 | - | - | - |
| Investments made in nonconsolidated affiliates | 38,984 | 45,683 | 54,922 | 91,186 |
| Purchases of property, plant and equipment | 1,061,705 | 646,634 | 438,604 | 347,206 |
| Payments to acquire buildings | - | 20,000 | - | - |
| Cash paid for acquisition of right-of-use assets | 20,800 | - | - | - |
| Cash paid for acquisitions, net of cash acquired | 80,006 | 98,307 | 17,534 | 257,191 |
| Purchases of intangible assets | 7,832 | 8,522 | 36,653 | 6,080 |
| Proceeds from sale of investments in nonconsolidated affiliates | - | 19,594 | 1,524 | 3,863 |
| Cash derecognized from sale of investments in nonconsolidated affiliates | 1,363 | - | - | - |
| Other, net | -13,485 | -12,181 | -15,128 | -8,574 |
| Net cash used in investing activities | -1,226,450 | -854,281 | -695,805 | -784,691 |
| Proceeds from debt, net of debt issuance costs | 3,714,432 | 1,671,842 | 1,061,026 | 122,251 |
| Payments of long-term debt including extinguishment costs | 2,049,287 | 1,959,725 | 730,643 | 45,792 |
| Contributions from noncontrolling interests | 34,578 | 3,000 | 19,602 | 15,021 |
| Distributions to noncontrolling interests | 250,996 | 245,580 | 239,619 | 100,660 |
| Purchases and sales of noncontrolling interest, net | 883,634 | 69,935 | 113,768 | 48,306 |
| Proceeds from sale of common stock, net of issuance costs | - | - | 0 | 0 |
| Payments for capped call transactions | 0 | 0 | 75,500 | - |
| Proceeds from exercise of stock options | 5,081 | 26,052 | 19,264 | 35,775 |
| Taxes paid for net share settlement of equity awards | 126,691 | 59,756 | 9,484 | 76,925 |
| Common stock repurchases | 23,531 | - | - | - |
| Payments for deferred and contingent consideration | 11,785 | 23,733 | 17,757 | 44,220 |
| Other, net | -1,660 | -715 | -402 | -484 |
| Net cash provided by (used in) financing activities | 406,507 | -658,550 | -87,281 | -143,340 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 425,504 | -345,191 | 38,874 | -179,450 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,000,877 | -132,847 | 626,582 | 724,582 |
| Cash, cash equivalents and restricted cash at beginning of period | 6,106,109 | 6,238,956 | 5,612,374 | 4,887,792 |
| Cash, cash equivalents and restricted cash at end of period | 7,106,986 | 6,106,109 | 6,238,956 | 5,612,374 |
Live Nation Entertainment, Inc. (LYV)
Live Nation Entertainment, Inc. (LYV)