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Live Nation Entertainment Cash Flow Statement

Operating, investing, and financing cash movements

Live Nation Entertainment generated $4.9B in operating cash flow over the trailing twelve months. After $1.2B in capital expenditures, free cash flow was $4.3B. Free cash flow increased 0.5% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.3BNet 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)$2.9B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$40.1B
P/E Ratio129.80
ROE222.18%

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$309M
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$20M$20.8M———$0
Payment for (Proceeds from) Other Investing Activity-$6.6M-$6.5M-$2M$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
Proceeds from sale of assets$1.8M$6.4M$6.4M$6.4M$6.4M—
Net cash from investing activities-$211.5M-$217.4M-$275M-$340.3M-$393.7M-$417.7M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts receivable-$746.5M$70.5M$552.2M$131M—-$70.6M
Deferred income taxes-$694.5M$4.3M$20.9M$44.3M-$89.9M-$44.7M
Net cash from operating activities$1B$1.3B$223.5M——$2.3B
Net income$281.9M$46.3M$302.7M$478M—-$380M
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$60M$64.7M$68.3M—$69.7M
Amortization of non-recoupable ticketing contract advances$26.5M$24.7M$20.7M$16.5M$26.4M$26M
Depreciation$78.2M$89.5M$94.3M$97.3M$93.2M$99.6M
Unrealized changes in fair value of contingent consideration—$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$281M
Deferred revenue$766.7M$2.3B—-$1.9B$346.4M$3B
Increase (Decrease) in Prepaid Expense and Other Assets—$592.9M$229.6M——$784M
Loss (gain) on mark-to-market of investments in nonconsolidated affiliates and crypto assets-$25.7M-$3M-$3M-$3M-$3M—
Other Noncash Income (Expense)$10.1M$4.5M$5.2M——$6M
Accounts Receivable, Credit Loss Expense (Reversal)$2.1M$3.6M$10M$5.8M$11.4M-$1.2M
Stock-based compensation$24.9M$24.6M$61.5M$40.8M$28.3M$32.8M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contributions from noncontrolling interests—$4.6M$6.7M$2.7M$20.6M$11.3M
Proceeds from issuance of debt$1.7B$11.1M$51.7M$885.4M$2.8B$226.2M
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$32M$54.2M$38M
Capped call transactions for 3.125% convertible senior notes due 2029 APIC$0$0$0$0$0—
Other, net-$665K-$150K-$233K-$449K-$828K-$859K
Purchases and sales of noncontrolling interest$0$4.5M$201.6M$645.1M$32.5M$25.9M
Net cash from financing activities$0-$173.2M-$325.3M$175.7M$729.3M$117.5M
Proceeds from issuance of common stock$6.7M$2.6M$837K$1.6M$27K$783K
Repurchases of common stock$0$5.9M$5.9M$5.9M$5.9M—
Taxes paid for net share settlement$18.9M$65M$21.6M$33.1M$7M$47.9M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$890.2M$1.2B———$2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$262.2M$131.5M$278.2M—$62M-$54.6M
Net increase (decrease) in cash—$1.1B——$343.9M$2B
Payments Of Merger Related Costs Financing Activities$2.2M$1.2M$13.2M—$801K$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—