Live Nation Entertainment, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $496.0M | $896.3M | $556.9M | $266.4M | $-650.9M | $-1.72B | $69.9M | $60.2M |
| Depreciation & Amortization | $638.9M | $549.9M | $516.8M | $450.0M | $416.3M | $485.0M | $444.0M | $386.5M |
| Depreciation | $374.3M | $300.0M | $266.6M | $225.8M | $222.8M | $245.7M | $220.5M | $185.4M |
| Amortization | $264.6M | $249.3M | $237.6M | $216.9M | $193.4M | $239.3M | $223.5M | $190.7M |
| Stock-Based Compensation | $155.2M | $110.3M | $116.0M | $110.0M | $209.3M | $116.9M | $48.8M | $45.6M |
| Net Cash from Operating Activities | $1.40B | $1.73B | $1.36B | $1.84B | $1.78B | $-1.08B | $469.8M | $941.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.06B | $646.6M | $438.6M | $347.2M | $152.7M | $213.7M | $323.6M | $239.8M |
| Business Acquisitions | $80.0M | $98.3M | $17.5M | $257.2M | $384.3M | $41.1M | $235.1M | $120.2M |
| Net Cash from Investing Activities | $-1.23B | $-854.3M | $-695.8M | $-784.7M | $-567.0M | $-224.1M | $-691.0M | $-496.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $23.5M | $0 | $0 | — | — | — | — | — |
| Net Cash from Financing Activities | $406.5M | $-658.6M | $-87.3M | $-143.3M | $1.17B | $1.35B | $328.9M | $188.8M |
| Net Change in Cash | $1.00B | $-132.8M | $618.8M | $732.4M | $2.34B | $72.2M | $96.0M | $549.4M |
| Free Cash Flow | $333.6M | $1.08B | $924.4M | $1.49B | $1.63B | $-1.30B | $146.2M | $701.8M |