Revenue during the year grew 15.31 percent to $8,354.93 million from $7,245.73 million in the previous year. Total expenses were 97.67 percent of annual revenues, down from 98.19 percent for the last year. This has led to an improvement of 52 basis points in operating margin to 2.33 percent.

Operating income for the year was $194.94 million, compared with $131.37 million in the previous year.

However, the adjusted operating income for the year stood at $640.10 million compared to $578.10 million in the prior year.

The company has spent $426.48 million cash to meet investing activities during the year as against cash outgo of $290.98 million in the last year.

Cash flow from financing activities was $99.21 million for the year as against cash outgo of $44.12 million in the last year period.

Cash and cash equivalents stood at $1,526.59 million as on Dec. 31, 2016, up 17.15 percent or $223.47 million from $1,303.12 million on Dec. 31, 2015.

Working capital increases
Live Nation Entertainment, Inc. has recorded an increase in the working capital over the last year. It stood at $213.21 million as at Dec. 31, 2016, up 13.95 percent or $26.10 million from $187.11 million on Dec. 31, 2015. Current ratio was at 1.09 as on Dec. 31, 2016, down from 1.09 on Dec. 31, 2015.

Days sales outstanding went down to 26 days for the year compared with 27 days for the same period last year.

Debt moves up
Live Nation Entertainment, Inc. has witnessed an increase in total debt over the last one year. It stood at $2,313.05 million as on Dec. 31, 2016, up 13.11 percent or $268.04 million from $2,045.01 million on Dec. 31, 2015. Total debt was 34.20 percent of total assets as on Dec. 31, 2016, compared with 33.22 percent on Dec. 31, 2015. Debt to equity ratio was at 1.71 as on Dec. 31, 2016, up from 1.41 as on Dec. 31, 2015. Interest coverage ratio improved to 1.83 for the year from 1.28 for the same period last year.