Live Nation Entertainment Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	690.74	1,131	703.8	374.58	-608.79
Depreciation & Amortization	638.87	549.92	516.8	449.98	416.28
Stock-Based Compensation	155.22	110.35	115.96	110.05	209.34
Other Adjustments	198.23	-717.33	163.71	224.99	-10.25
Change in Receivables	-147.89	181.43	-525.74	-444.5	-485.21
Changes in Accrued Expenses	-138.41	13.78	450.37	1,028	1,316
Changes in Unearned Revenue	341.87	478.09	140.92	359.72	847.95
Changes in Other Operating Activities	-343.32	-22.19	-202.83	-267.95	95.53
Operating Cash Flow	1,395	1,725	1,363	1,835	1,781
Operating Cash Flow Growth	-19.12%	26.57%	-25.72%	3.06%	-
Capital Expenditures	-1,062	-646.63	-438.6	-347.21	-152.73
Sale of Property, Plant & Equipment	25.54	7.37	1.48	-	-
Purchases of Intangible Assets	-7.83	-8.52	-36.65	-6.08	-7.1
Purchases of Investments	-116.62	-164.9	-236.72	-207.18	-139.49
Proceeds from Sale of Investments	21.49	71.9	18.58	24.39	114.27
Payments for Business Acquisitions	-80.01	-98.31	-17.53	-257.19	-384.25
Other Investing Activities	-7.32	-15.19	13.65	8.57	2.34
Investing Cash Flow	-1,226	-854.28	-695.81	-784.69	-566.96
Long-Term Debt Issued	3,714	1,672	1,061	122.25	903.83
Long-Term Debt Repaid	-2,049	-1,960	-730.64	-45.79	-109.71
Net Long-Term Debt Issued (Repaid)	1,665	-287.88	330.38	76.46	794.12
Issuance of Common Stock	5.08	26.05	19.26	35.78	480.25
Repurchase of Common Stock	-23.53	-	-	-	-
Net Common Stock Issued (Repurchased)	-18.45	26.05	19.26	35.78	480.25
Other Financing Activities	-1,240	-396.72	-436.93	-255.57	-103.04
Financing Cash Flow	406.51	-658.55	-87.28	-143.34	1,171
Effect of Exchange Rate Changes on Cash and Cash Equivalents	425.5	-345.19	38.87	-174.61	-43.59
Net Cash Flow	1,001	-132.85	618.76	732.4	2,341
Free Cash Flow	333.61	1,079	924.37	1,488	1,628
Free Cash Flow Growth	-69.07%	16.68%	-37.87%	-8.60%	-
FCF Margin	1.32%	4.66%	4.07%	8.92%	25.97%
Free Cash Flow Per Share	1.44	4.56	4.00	6.43	7.49
Levered Free Cash Flow	1,598	981.37	1,354	1,566	2,666
Unlevered Free Cash Flow	275.98	1,634	1,303	1,774	2,107

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.