Income StatementBalance SheetCash FlowSegments
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Live Nation Entertainment Cash Flow Statement

Operating, investing, and financing cash movements

Live Nation Entertainment generated $2.5B in operating cash flow over the trailing twelve months. After $1.2B in capital expenditures, free cash flow was $2.8B. Free cash flow increased 1.6% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.5BNet Cash From Investing (TTM)-$1.4BNet Cash From Financing (TTM)$697.2MCapital Expenditures (TTM)$1.2BDepreciation And Amortization Cf (TTM)$658.7MNet Change In Cash (TTM)$1.9B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$39.6B
P/E Ratio128.04
ROE-1,849.61%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)$10.1M$4.5M$5.2M-$2.3M—$6.0M
Other non-cash income (expense)$10.1M$4.5M$5.2M-$2.3M—$6.0M
Other non-cash income (expense)$10.1M$4.5M$5.2M-$2.3M—$6.0M
Change in accounts receivable-$746.5M$70.5M$552.2M$131.0M—-$70.6M
Benefit from Receivables$2.1M$3.6M$10.0M$5.8M$11.4M-$1.2M
Deferred income taxes-$694.5M$4.3M$20.9M$44.3M-$89.9M-$44.7M
Other Non-Cash Income (Expense)$10.1M$4.5M$5.2M-$2.3M—$6.0M
Other Non-cash Income (Expense)$10.1M$4.5M$5.2M-$2.3M—$6.0M
Other Non-cash Income (Expense)$10.1M$4.5M$5.2M-$2.3M—$6.0M
Foreign Currency Transaction Gain (Loss)—-$13.4M———$17.3M
Net cash from operating activities$1.0B$1.3B$223.5M-$95.7M$0.0$2.3B
Net income$281.9M$46.3M$302.7M$478.0M—-$380.0M
Other non-cash income (expense)$10.1M$4.5M$5.2M-$2.3M—$6.0M
Non-cash interest expense$4.6M$3.7M$4.4M$5.3M$6.9M$5.2M
Amortization of definite-lived intangibles$62.5M$66.1M$66.1M$66.1M$66.1M—
Amortization of definite-lived intangibles$64.4M$60.0M$64.7M$68.3M—$69.7M
Amortization of non-recoupable ticketing contract advances$26.5M$24.7M$20.7M$16.5M$26.4M$26.0M
Depreciation$78.2M$89.5M$94.3M$97.3M$93.2M$99.6M
Unrealized changes in fair value of contingent consideration$0.0$1.2M$8.1M$7.7M$74.4M$10.4M
Foreign currency remeasurement (loss) gain on debt—-$13.4M———$17.3M
Gain on mark-to-market of investments in nonconsolidated affiliates—$5.5M———$6.2M
Income Loss From Equity Method Investments Net Of Dividends Or Distributions-$11.8M-$3.5M-$5.3M-$7.8M-$6.7M-$4.6M
Increase (decrease) in accrued expenses, accounts payable and other liabilities—-$545.9M$771.7M$794.1M-$1.2B$281.0M
Deferred revenue$766.7M$2.3B-$377.8M-$1.9B$346.4M$3.0B
Increase (Decrease) in Prepaid Expense and Other Assets—$592.9M$229.6M-$421.4M—$784.0M
Loss (gain) on mark-to-market of investments in nonconsolidated affiliates and crypto assets-$25.7M-$3.0M-$3.0M-$3.0M-$3.0M—
Other Noncash Income (Expense)$10.1M$4.5M$5.2M-$2.3M—$6.0M
Accounts Receivable, Credit Loss Expense (Reversal)$2.1M$3.6M$10.0M$5.8M$11.4M-$1.2M
Other Non-cash Income and Expense$10.1M$4.5M$5.2M-$2.3M—$6.0M
Other Non-Cash Adjustments$10.1M$4.5M$5.2M-$2.3M—$6.0M
Other Non-Cash Income and Expense$10.1M$4.5M$5.2M-$2.3M—$6.0M
Stock-based compensation$24.9M$24.6M$61.5M$40.8M$28.3M$32.8M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$48.9M$31.3M$18.7M$18.2M$11.7M$113.2M
Capital expenditures$154.9M$170.8M$263.4M$275.6M$351.9M$309.0M
Proceeds from Sale of Assets (Investing)$1.8M$6.4M$6.4M$6.4M$6.4M—
Cash derecognized from sale of investments in nonconsolidated affiliates—$340.8K$340.8K$340.8K$340.8K—
Cash Paid for Acquisition of Right-of-Use Assets$20.0M$20.8M$0.0$0.0$0.0$0.0
Payment for (Proceeds from) Other Investing Activity-$6.6M-$6.5M-$2.0M$21.4M-$26.4M-$10.1M
Payments to Acquire Equity Method Investments$11.2M$3.9M$10.6M$14.7M$9.8M$9.6M
Payments to notes receivables$26.3M$6.4M$12.8M$39.4M$19.1M$1.9M
Proceeds From Collection Of Notes Receivable$29.5M$9.4M$8.4M$3.8M$1.3M$5.9M
Net cash from investing activities-$211.5M-$217.4M-$275.0M-$340.3M-$393.7M-$417.7M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Borrowings, Net of Issuance Costs$1.7B$11.1M$51.7M$885.4M$2.8B$226.2M
Proceeds from minority shareholders$0.0$4.6M$6.7M$2.7M$20.6M$11.3M
Repayments of debt$1.6B$86.8M$16.8M$6.9M$1.9B$6.6M
Distributions to noncontrolling interests$45.7M$33.7M$131.1M$32.0M$54.2M$38.0M
Capped call transactions for 3.125% convertible senior notes due 2029 APIC$0.0$0.0$0.0$0.0$0.0—
Other, net-$665.0K-$150.0K-$233.0K-$449.0K-$828.0K-$859.0K
Purchases and sales of noncontrolling interest$0.0$4.5M$201.6M$645.1M$32.5M$25.9M
Proceeds from Debt Financing, Net of Issuance Costs$1.7B$11.1M$51.7M$885.4M$2.8B$226.2M
Net proceeds from sales of subsidiary shares$0.0$4.6M$6.7M$2.7M$20.6M$11.3M
Payment of Deferred Purchase Consideration-$665.0K-$150.0K-$233.0K-$449.0K-$828.0K-$859.0K
Noncontrolling interest transactions and other-$665.0K-$150.0K-$233.0K-$449.0K-$828.0K-$859.0K
Proceeds from Minority Shareholders$0.0$4.6M$6.7M$2.7M$20.6M$11.3M
Proceeds from Sale of Noncontrolling Interests$0.0$4.6M$6.7M$2.7M$20.6M$11.3M
Net cash from financing activities$0.0-$173.2M-$325.3M$175.7M$729.3M$117.5M
Noncontrolling Interests Activity and Other-$665.0K-$150.0K-$233.0K-$449.0K-$828.0K-$859.0K
Proceeds from Minority Shareholders$0.0$4.6M$6.7M$2.7M$20.6M$11.3M
Proceeds from issuance of common stock$6.7M$2.6M$837.0K$1.6M$27.0K$783.0K
Repurchases of common stock$0.0$5.9M$5.9M$5.9M$5.9M—
Proceeds from Minority Shareholders$0.0$4.6M$6.7M$2.7M$20.6M$11.3M
Taxes paid for net share settlement$18.9M$65.0M$21.6M$33.1M$7.0M$47.9M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$890.2M$1.2B-$39.9M-$371.3M—$2.0B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$262.2M$131.5M$278.2M-$46.2M$62.0M-$54.6M
Net increase (decrease) in cash—$1.1B-$98.6M-$306.5M$343.9M$2.0B
Payments Of Merger Related Costs Financing Activities$2.2M$1.2M$13.2M-$3.4M$801.0K$1.5M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$33.2M$29.7M$29.7M$29.7M$29.7M—
Income Taxes Paid, Net$63.4M$78.3M$78.3M$78.3M$78.3M—