»¨¶¼Ó°ÊÓ

Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations (Tables)

v3.25.4
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2025
Discontinued Operations Ìý
Schedule of certain financial information for Live Nation

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​

​

​

​

ÌýÌý​Ìý​Ìý​

December 31, 2024

ÌýÌý​Ìý​Ìý​

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​

amounts in millions

​

Current assets

​

$

9,290

Ìý

Total assets

​

$

19,639

Ìý

Current liabilities

​

$

9,358

​

Total liabilities

​

$

17,694

​

Redeemable noncontrolling interests

​

$

1,126

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Equity

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$

819

​

​

​

​

​

​

​

​

​

​

​

YearsÌýendedÌýDecemberÌý31,

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​

2024

ÌýÌý​Ìý​Ìý​

2023

ÌýÌý​Ìý​Ìý​

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amounts in millions

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Revenue

​

$

23,156

Ìý

22,726

Ìý

Operating income (loss)

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$

825

​

1,085

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Net earnings (loss)

​

$

1,131

​

704

​

Net earnings (loss) attributable to Live Nation stockholders

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$

896

​

557

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Schedule of balance sheet and income statement of discontinued operations

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ÌýÌý​Ìý​Ìý​

December 31, 2024

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amountsÌýinÌýmillions

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Assets

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Current assets

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$

326

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Investments in affiliates, accounted for using the equity method

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Ìý

430

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Deferred income tax assets

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​

235

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Total assets

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$

991

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​

​

​

​

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Liabilities

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​

​

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Long-term debt

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$

1,556

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Other liabilities

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Ìý

1

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Total liabilities

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$

1,557

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Years ended December 31,

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ÌýÌý​Ìý​Ìý​

2025

ÌýÌý​Ìý​Ìý​

2024

ÌýÌý​Ìý​Ìý​

2023

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​

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amountsÌýinÌýmillions

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Revenue

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$

—

Ìý

6,004

Ìý

8,953

​

Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below)

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—

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2,852

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4,209

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Operating expense

​

Ìý

—

Ìý

461

Ìý

681

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Selling, general and administrative

​

Ìý

35

Ìý

1,041

Ìý

1,545

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Impairment, restructuring and acquisition costs

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​

—

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3,339

​

66

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Depreciation and amortization

​

Ìý

—

Ìý

421

Ìý

624

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Litigation settlements, net of recoveries

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​

—

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—

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31

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​

​

Ìý

35

Ìý

8,114

Ìý

7,156

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Operating income (loss)

​

Ìý

(35)

Ìý

(2,110)

Ìý

1,797

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Other income (expense):

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​

​

​

​

​

​

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Interest expense

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Ìý

(28)

Ìý

(378)

Ìý

(548)

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Share of earnings (losses) of affiliates, net

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143

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236

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148

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Realized and unrealized gains (losses) on financial instruments, net

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​

(141)

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(244)

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(211)

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Other, net

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Ìý

12

Ìý

146

Ìý

(98)

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Ìý

(14)

Ìý

(240)

Ìý

(709)

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Earnings (loss) from discontinued operations before income taxes

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Ìý

(49)

Ìý

(2,350)

Ìý

1,088

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Income tax (expense) benefit

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Ìý

8

Ìý

(81)

Ìý

(199)

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Net earnings (loss) from discontinued operations

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Ìý

(41)

Ìý

(2,431)

Ìý

889

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Less net earnings (loss) from discontinued operations attributable to the noncontrolling interests

​

Ìý

—

Ìý

(410)

Ìý

202

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Net earnings (loss) from discontinued operations attributable to »¨¶¼Ó°ÊÓ stockholders

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$

(41)

Ìý

(2,021)

Ìý

687

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​