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Live Nation Entertainment EBIT

: $-1,333 Mil (TTM As of Sep. 2020)
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Live Nation Entertainment's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $-493 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-1,333 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Live Nation Entertainment's annualized ROC % for the quarter that ended in Sep. 2020 was -22.35%. Live Nation Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -77.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Live Nation Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -6.68%.


Live Nation Entertainment EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Live Nation Entertainment Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 109.23 154.83 98.39 272.08 342.63

Live Nation Entertainment Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 257.84 -82.11 -170.25 -587.08 -493.27

Live Nation Entertainment EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was -82.108 (Dec. 2019 ) + -170.253 (Mar. 2020 ) + -587.078 (Jun. 2020 ) + -493.269 (Sep. 2020 ) = $-1,333 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Live Nation Entertainment  (NYSE:LYV) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Live Nation Entertainment's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

ROC % (Q: Sep. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2020 ) + Invested Capital (Q: Sep. 2020 ))/ count )
=-2016.932 * ( 1 - 3.02% )/( (8632.462 + 8873.466)/ 2 )
=-1956.0206536/8752.964
=-22.35 %

where

Invested Capital(Q: Jun. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=11622.3 - 2048.94 - ( 3290.052 - max(0, 3492.296 - 4433.194+3290.052))
=8632.462

Invested Capital(Q: Sep. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10885.431 - 1734.985 - ( 2625.082 - max(0, 3582.877 - 3859.857+2625.082))
=8873.466

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

2. Joel Greenblatt's definition of Return on Capital:

Live Nation Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2020  Q: Sep. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1973.076/( ( (2542.314 + max(-2165.796, 0)) + (2568.13 + max(-2181.577, 0)) )/ 2 )
=-1973.076/( ( 2542.314 + 2568.13 )/ 2 )
=-1973.076/2555.222
=-77.22 %

where Working Capital is:

Working Capital(Q: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(618.58 + 0 + 524.562) - (2048.94 + 1157.311 + 102.687)
=-2165.796

Working Capital(Q: Sep. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(564.873 + 0 + 669.902) - (1734.985 + 1631.715 + 49.652)
=-2181.577

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Live Nation Entertainment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2020 )
=-1332.708/19939.518
=-6.68 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Live Nation Entertainment EBIT Related Terms


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