v3.25.0.1
LONG-LIVED ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
LONG-LIVED ASSETS [Abstract]  
Property, Plant and Equipment
Property, plant and equipment consisted of the following:
December 31,
20242023
(in thousands)
    Land, buildings and improvements$2,325,929 $2,043,595 
    Computer equipment and capitalized software867,294 888,065 
    Furniture and other equipment757,803 646,966 
    Construction in progress386,880 317,028 
Property, plant and equipment, gross4,337,906 3,895,654 
    Less: accumulated depreciation1,896,034 1,794,191 
Property, plant and equipment, net$2,441,872 $2,101,463 
Gross Carrying Amount and Accumulated Amortization of Definite-Lived Intangible Assets
The following table presents the changes in the gross carrying amount and accumulated amortization of definite-lived intangible assets for the years ended December 31, 2024 and 2023:
Revenue-
generating
contracts		Client /
vendor
relationships		Venue managementTrademarks
and
naming
rights
Technology and Other (1)
Total
 (in thousands)
Balance as of December 31, 2022:
Gross carrying amount
$824,785 $563,210 $148,022 $188,596 $35,736 $1,760,349 
Accumulated amortization
(316,581)(209,518)(58,588)(97,931)(27,109)(709,727)
Net
508,204 353,692 89,434 90,665 8,627 1,050,622 
Gross carrying amount:
Acquisitions and additions—current year136,117 46,767 77,329 — 21,789 282,002 
Acquisitions and additions—prior year(1,830)(6,681)(11)— — (8,522)
Foreign exchange
57,797 17,070 3,960 8,151 (104)86,874 
Other (2)
(91,612)(36,930)(2,512)(13,254)(37,201)(181,509)
Net change
100,472 20,226 78,766 (5,103)(15,516)178,845 
Accumulated amortization:
Amortization
(103,756)(75,994)(22,186)(18,390)(17,303)(237,629)
Foreign exchange
(7,900)(3,019)(1,132)(1,448)(408)(13,907)
Other (2)
91,612 36,882 2,688 13,733 38,775 183,690 
Net change
(20,044)(42,131)(20,630)(6,105)21,064 (67,846)
Balance as of December 31, 2023:
Gross carrying amount
925,257 583,436 226,788 183,493 20,220 1,939,194 
Accumulated amortization
(336,625)(251,649)(79,218)(104,036)(6,045)(777,573)
Net
588,632 331,787 147,570 79,457 14,175 1,161,621 
Gross carrying amount:
Acquisitions and additions—current year68,453 52,406 35,273 7,331 7,551 171,014 
Acquisitions and additions—prior year826 4,066 3 — — 4,895 
Foreign exchange
(96,995)(32,993)(6,954)(14,096)(709)(151,747)
Other (2)
(77,947)(39,343)(23,930)(14,240)(825)(156,285)
Net change
(105,663)(15,864)4,392 (21,005)6,017 (132,123)
Accumulated amortization:
Amortization
(111,711)(86,637)(23,978)(17,791)(9,142)(249,259)
Foreign exchange
29,331 12,013 2,185 5,096 89 48,714 
Other (2)
79,707 39,892 24,066 11,763 1,432 156,860 
Net change
(2,673)(34,732)2,273 (932)(7,621)(43,685)
Balance as of December 31, 2024:
Gross carrying amount
819,594 567,572 231,180 162,488 26,237 1,807,071 
Accumulated amortization
(339,298)(286,381)(76,945)(104,968)(13,667)(821,259)
Net
$480,296 $281,191 $154,235 $57,520 $12,570 $985,812 
___________________
(1) Other primarily includes intangible assets for non-compete agreements.
(2) Other primarily includes netdowns of fully amortized or impaired assets.
Weighted Average Lives of Additions to Definite-Lived Intangible Assets
The additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows:
  
Weighted-Average Life
20242023
(in years)
Revenue-generating contracts95
Client/vendor relationships54
Trademarks and naming rights60
Technology33
Venue management611
All categories78
Estimate of Amortization Expense for Each of the Five Succeeding Fiscal Years for Definite-Lived Intangible Assets
The following table presents our estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets that exist at December 31, 2024:
 
 (in thousands)
2025$223,347 
2026$187,016 
2027$149,931 
2028$129,323 
2029$109,702 
Changes in Goodwill by Segment
The following table presents the changes in the carrying amount of goodwill in each of our reportable segments for the years ended December 31, 2024 and 2023:
ConcertsTicketingSponsorship
& Advertising		Total
 (in thousands)
Balance as of December 31, 2022:
Goodwill $1,349,426 $979,742 $635,575 $2,964,743 
Accumulated impairment losses (435,363)— — (435,363)
                 Net914,063 979,742 635,575 2,529,380 
Acquisitions—current year90,298 — — 90,298 
Acquisitions—prior year1,657 143 — 1,800 
Dispositions(6,183)— — (6,183)
Foreign exchange4,381 32,645 39,145 76,171 
Balance as of December 31, 2023:
Goodwill 1,439,579 1,012,530 674,720 3,126,829 
Accumulated impairment losses (435,363)— — (435,363)
                 Net1,004,216 1,012,530 674,720 2,691,466 
Acquisitions—current year41,095 507 1,015 42,617 
Acquisitions—prior year4,136 — — 4,136 
Foreign exchange(22,708)(48,816)(45,784)(117,308)
Balance as of December 31, 2024:
Goodwill1,462,102 964,221 629,951 3,056,274 
Accumulated impairment losses(435,363)— — (435,363)
                 Net$1,026,739 $964,221 $629,951 $2,620,911