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Live Nation Entertainment cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$861M in Q3 2026 · $893M over twelve months

Operating cash flow−$658M
Capital spending−$203M
Free cash flow−$861M
Cash / net income-1.2×

Analysis

In Q3 2026, Live Nation Entertainment generated −$658M of operating cash flow and spent $203M on capital projects, leaving free cash flow of −$861M. That is $490M less than in Q3 2025 (−$371M).

Over the twelve months to Sep 30, 2026, operating cash flow was $2.0B; the largest uses were capital spending ($1.2B), acquisitions ($584M), other financing ($358M); besides operations, cash came from net borrowing (+) / repaid (−) ($2.2B), shares issued ($5.3M); the cash balance rose by $1.6B.

Operating cash flow was −$658M against net income of $567M — -1.2× profit, less cash than reported earnings, worth checking against working capital. The largest differences: deferred revenue −$3.0B, prepaid and other assets +$498M, receivables −$375M.

Free cash flow

Live Nation Entertainment: free cash flow by quarterLive Nation Entertainment: free cash flow by quarter$890MQ4 2024$1.2BQ1 2025−$39.9MQ2 2025−$371MQ3 2025−$406MQ4 2025$2.0BQ1 2026$130MQ2 2026−$861MQ3 2026
Operating cash flow less capital spending.
Live Nation Entertainment: operating cash flow against capital spendingLive Nation Entertainment: operating cash flow against capital spendingOperating cash flowCapital spending$1.0B$155MQ4 2024$1.3B$171MQ1 2025$223M$263MQ2 2025−$95.7M$276MQ3 2025−$53.7M$352MQ4 2025$2.3B$309MQ1 2026$419M$290MQ2 2026−$658M$203MQ3 2026
Latest (Q3 2026): Operating cash flow −$658M, Capital spending $203M.

Capital allocation, year by year

Live Nation Entertainment: where the cash came from (up) and went (down), by fiscal yearLive Nation Entertainment: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $1.8BFY2021: Net borrowing $794MFY2021: Shares issued $455MFY2021: Capital spending −$153MFY2021: Acquisitions −$384M$3.0BFY2021FY2022: Operating cash flow $1.8BFY2022: Net borrowing $76.5MFY2022: Shares issued $35.8MFY2022: Capital spending −$347MFY2022: Acquisitions −$257M$1.9BFY2022FY2023: Operating cash flow $1.4BFY2023: Net borrowing $330MFY2023: Shares issued $19.3MFY2023: Capital spending −$439MFY2023: Acquisitions −$17.5M$1.7BFY2023FY2024: Operating cash flow $1.7BFY2024: Net borrowing −$288MFY2024: Shares issued $26.1MFY2024: Capital spending −$647MFY2024: Acquisitions −$98.3M$1.8BFY2024FY2025: Operating cash flow $1.4BFY2025: Net borrowing $1.7BFY2025: Shares issued $5.1MFY2025: Capital spending −$1.1BFY2025: Acquisitions −$80.0MFY2025: Buybacks −$23.5M$3.1BFY2025
Over these 5 years operating cash flow totalled $8.1B; the largest uses were capital spending ($2.6B) and acquisitions ($837M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$8.3B
Debt$9.7B
Net debt$1.5B
Due within a year$588M
Cash runway2.4 years

Live Nation Entertainment is burning cash: its operations consume cash, a free cash flow of −$3.4B a year at the current rate against $8.3B of cash and investments: a runway of about 2.4 years; $588M of debt also comes due within a year, which the cash covers before any new financing.

Live Nation Entertainment: debt maturities by year (FY2025)Live Nation Entertainment: debt maturities by year (FY2025)$588MYear 1$2.2BYear 2$1.5BYear 3$1.1BYear 4$143MYear 5$2.7BAfter year 5
Principal due in each year as disclosed in the annual report, against $8.3B of cash and investments now.

Where the cash came from and went

Live Nation Entertainment: sources (+) and uses (−) of cash, Q3 2026Live Nation Entertainment: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$808MOperating cash flow−$658MNet borrowing (+) / repaid (−)$583MAcquisitions−$330MCapital spending−$203MOther investing−$88.1MTaxes on employees’ shares−$44.9MOther financing−$44.0MPartners−$22.6MExchange rates−$1.2MShares issued$172K
Live Nation Entertainment: sources (+) and uses (−) of cash, TTM to Q3 2026Live Nation Entertainment: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$2.2BOperating cash flow$2.0BCash drawn (+) / kept (−)−$1.6BCapital spending−$1.2BAcquisitions−$584MOther financing−$358MPartners−$217MOther investing−$154MTaxes on employees’ shares−$116MExchange rates−$63.5MShares issued$5.3M

From profit to cash

Live Nation Entertainment: net income to operating cash flow, Q3 2026Live Nation Entertainment: net income to operating cash flow, Q3 2026Net income$567MDepreciation & amortization$183MStock-based pay$47.3MDeferred taxes$130MOther non-cash$3.8MReceivables−$375MDeferred revenue−$3.0BPrepaid and other assets$498MOperating cash flow−$658M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$658M−$203M−$330M$583M$172K$808M−$861M
Q2 2026$419M−$290M−$129M$565M$4.3M−$80.7M$130M
Q1 2026$2.3B−$309M−$113M$220M$783K−$2.0B$2.0B
Q4 2025−$53.7M−$352M−$11.7M$828M$27K−$344M−$406M
Q3 2025−$95.7M−$276M−$18.2M$878M$1.6M$307M−$371M
Q2 2025$223M−$263M−$18.7M$34.9M$837K$98.6M−$39.9M
Q1 2025$1.3B−$171M−$31.3M−$75.8M$2.6M−$1.1B$1.2B
Q4 2024$1.0B−$155M−$48.9M$94.6M$6.7M−$605M$890M

Live Nation Entertainment: income statement and cash flow

Live Nation Entertainment, Q3 2026: revenue $10.1B (+19% year over year), operating margin 8.8%. The chart follows the revenue to costs, profit and cash.

Live Nation Entertainment: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.