4 unchanged sentences
Purchase of Equity Securities
−Removed: The following table provides information regarding repurchases of our common stock during the year ended December 31, 2019.
+Added: The following table provides information regarding repurchases of our common stock during the quarter ended December 31, 2020.
Period Total Number of Shares Purchased (1)
2 unchanged sentences
Maximum Fair Value of Shares that May Yet Be Purchased Under the Program (2)
−Removed: January 2019 7,979 $52.87
−Removed: February 2019 12,846 $54.20
−Removed: March 2019 129,479 $63.32
−Removed: April 2019 10,162 $64.91
−Removed: May 2019 4,366 $64.68
−Removed: June 2019 — —
−Removed: July 2019 1,115 $70.33
−Removed: August 2019 1,600 $72.11
−Removed: September 2019 1,843 $68.06
October 2020 1,313 $54.94
1 unchanged sentence
December 2020 30,541 $72.72
−Removed: (1) Represents shares of common stock that employees surrendered as part of the default option to satisfy withholding taxes in connection with the vesting of restricted stock awards under our stock incentive plan.
+Added: Represents shares of common stock that employees surrendered as part of the default option to satisfy withholding taxes in connection with the vesting of restricted stock awards, and in respect of the exercise price and withholding taxes for net stock option exercises where no resulting shares were sold, under our stock incentive plan.
Pursuant to the terms of our stock plan, such shares revert to available shares under the plan.
1 unchanged sentence
Accordingly, there were no shares purchased as part of a publicly announced program.
−Removed: See footnote (1).
Dividend Policy
−Removed: From inception and through December 31, 2019, we have not declared or paid any dividends.
−Removed: We presently intend to retain any future earnings to finance the expansion of our business and to make debt repayments as they become due.
−Removed: Therefore, we do not expect to pay any cash dividends in the foreseeable future.
−Removed: Moreover, the terms of our senior secured credit facility limit the amount of funds that we will have available to declare and distribute as dividends on our common stock.
−Removed: Payment of future cash dividends, if any, will be at the discretion of our board of directors in accordance with applicable laws after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs, plans for expansion and contractual restrictions with respect to the payment of dividends.
+Added: Information regarding our dividend policy can be found in Part II —Financial Information —Item 8.—Financial Statements and Supplementary Data—Note 11—Equity.
Recent Sales of Unregistered Securities
SELECTED FINANCIAL DATA
−Removed: The Selected Financial Data should be read in conjunction with Item 7.—Management’s Discussion and Analysis of Financial Condition and Results of Operations.
−Removed: Year Ended December 31,
−Removed: 2019 2018 2017 2016 2015
−Removed: (in thousands except per share data)
−Removed: Results of Operations Data (1) :
−Removed: Revenue $ 11,547,969 $ 10,787,800 $ 9,687,222 $ 7,826,336 $ 6,776,584
−Removed: Operating income (2)
−Removed: $ 324,844 $ 272,536 $ 91,397 $ 194,940 $ 131,372
−Removed: Income (loss) before income taxes (2)
−Removed: $ 185,104 $ 131,105 $ (9,380) $ 48,326 6,353
−Removed: Net income (loss) attributable to common stockholders of Live Nation (3)
−Removed: $ 69,889 $ 60,249 $ (6,015) $ 2,942 $ (32,508)
−Removed: Basic and diluted net loss available to common stockholders of Live Nation $ (4,882) $ (17,651) $ (97,646) $ (47,010) $ (65,687)
−Removed: Basic and diluted net loss per common share available to common stockholders of Live Nation (4)
−Removed: $ (0.02) $ (0.09) $ (0.48) $ (0.23) $ (0.33)
−Removed: Cash dividends per share $ — $ — $ — $ — $ —
−Removed: As of December 31,
−Removed: 2019 2018 2017 2016 2015
−Removed: (in thousands)
−Removed: Balance Sheet Data (1) :
−Removed: Total assets (5)
−Removed: $ 10,975,615 $ 8,496,886 $ 7,504,263 $ 6,764,266 $ 6,156,241
−Removed: Long-term debt, net (including current maturities) $ 3,309,057 $ 2,815,020 $ 2,299,959 $ 2,313,053 $ 2,045,014
−Removed: Redeemable noncontrolling interests $ 449,498 $ 329,355 $ 244,727 $ 347,068 $ 263,715
−Removed: Acquisitions and dispositions along with changes in foreign exchange rates can significantly impact the comparability of the historical consolidated financial data reflected in this schedule of Selected Financial Data.
−Removed: The year ended December 31, 2017 includes the accrual of a $110.0 million legal settlement entered into in January 2018.
−Removed: In addition, the years ended December 31, 2018 and 2017, include $10.5 million and $20.0 million, respectively, of goodwill impairments recorded in conjunction with our annual impairment tests.
−Removed: The year ended December 31, 2017 includes the accrual of a $110.0 million legal settlement entered into in January 2018, and a $55.7 million income tax benefit from the 2017 United States tax reform change.
−Removed: Financial Statements and Supplementary Data—Note 9—Income Taxes for further discussion of the 2017 tax reform change.
−Removed: In addition, the years ended December 31, 2018 and 2017, include $10.5 million and $20.0 million, respectively, of goodwill impairments recorded in conjunction with our annual impairment tests.
−Removed: The year ended December 31, 2018 includes a loss of $0.05 per common share, on a basic and diluted basis, from the impact of the goodwill impairment.
−Removed: The year ended December 31, 2017 includes a loss of $0.36 per common share from the impact of the legal settlement and goodwill impairment offset by the tax benefit from the 2017 tax reform change.
−Removed: Total assets as of December 31, 2019 includes operating lease assets of $1.4 billion as a result of our adoption of the new lease accounting guidance on January 1, 2019.
−Removed: Financial Statements and Supplementary Data—Note 1—The Company and Summary of Significant Accounting Policies for further discussion of the impacts of the new lease guidance.
+Added: Information is within Part II—Financial Information—Item 8.—Financial Statements and Supplementary Data and should be read in conjunction with Item 7.—Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.