Operating

Live Nation Entertainment·Cash Flow Statement·20 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Deferred revenue	—	-$1.8B	$766.7M	$2.3B	—	-$1.9B	$346.4M	$3B
Net cash from operating activities	$412.1M	—	$1B	$1.3B	$223.5M	—	—	$2.3B
Increase (Decrease) in Prepaid Expense and Other Assets	$285.2M	—	—	$592.9M	$229.6M	—	—	$784M
Net income	$376.2M	$515.7M	$281.9M	$46.3M	$302.7M	$478M	—	-$380M
Increase (decrease) in accrued expenses, accounts payable and other liabilities	$576.1M	$156.1M	—	-$545.9M	$771.7M	$794.1M	-$1.2B	$281M
Depreciation	$75.6M	$75.7M	$78.2M	$89.5M	$94.3M	$97.3M	$93.2M	$99.6M
Change in accounts receivable	$218.5M	$99.3M	-$746.5M	$70.5M	$552.2M	$131M	—	-$70.6M
Amortization of definite-lived intangibles	$62.2M	$61.3M	$64.4M	$60M	$64.7M	$68.3M	—	$69.7M
Deferred income taxes	-$349K	-$8M	-$694.5M	$4.3M	$20.9M	$44.3M	-$89.9M	-$44.7M
Stock-based compensation	$28.3M	$25.7M	$24.9M	$24.6M	$61.5M	$40.8M	$28.3M	$32.8M
Amortization of non-recoupable ticketing contract advances	$21.2M	$17M	$26.5M	$24.7M	$20.7M	$16.5M	$26.4M	$26M
Foreign currency remeasurement (loss) gain on debt	—	—	—	-$13.4M	—	—	—	$17.3M
Unrealized changes in fair value of contingent consideration	-$41.4M	—	—	$1.2M	$8.1M	$7.7M	$74.4M	$10.4M
Gain on mark-to-market of investments in nonconsolidated affiliates	—	—	—	$5.5M	—	—	—	$6.2M
Other Noncash Income (Expense)	—	$4.6M	$10.1M	$4.5M	$5.2M	—	—	$6M
Non-cash interest expense	$3.9M	$5.3M	$4.6M	$3.7M	$4.4M	$5.3M	$6.9M	$5.2M
Income Loss From Equity Method Investments Net Of Dividends Or Distributions	-$2.1M	-$14.9M	-$11.8M	-$3.5M	-$5.3M	-$7.8M	-$6.7M	-$4.6M
Accounts Receivable, Credit Loss Expense (Reversal)	-$11.1M	$8.7M	$2.1M	$3.6M	$10M	$5.8M	$11.4M	-$1.2M
Amortization of definite-lived intangibles	$62.5M	$62.5M	$62.5M	$66.1M	$66.1M	$66.1M	$66.1M	—
Loss (gain) on mark-to-market of investments in nonconsolidated affiliates and crypto assets	-$25.7M	-$25.7M	-$25.7M	-$3M	-$3M	-$3M	-$3M	—

Metrics

Loss (gain) on mark-to-market of investments in nonconsolidated affiliates and crypto assets

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Other Noncash Income (Expense)

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Accounts Receivable, Credit Loss Expense (Reversal)

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Stock-based compensation

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Operating

Breakdown

Metrics

Change in accounts receivable

Deferred income taxes

Net cash from operating activities

Net income

Non-cash interest expense

Amortization of definite-lived intangibles

Amortization of definite-lived intangibles

Amortization of non-recoupable ticketing contract advances

Depreciation

Unrealized changes in fair value of contingent consideration

Foreign currency remeasurement (loss) gain on debt

Gain on mark-to-market of investments in nonconsolidated affiliates

Income Loss From Equity Method Investments Net Of Dividends Or Distributions

Increase (decrease) in accrued expenses, accounts payable and other liabilities

Deferred revenue

Increase (Decrease) in Prepaid Expense and Other Assets

Loss (gain) on mark-to-market of investments in nonconsolidated affiliates and crypto assets

Other Noncash Income (Expense)

Accounts Receivable, Credit Loss Expense (Reversal)

Stock-based compensation