EX-99.2 3 exhibit992-ccibvfinancials.htm EX-99.2 Document

Exhibit 99.2
CLEAR CHANNEL INTERNATIONAL B.V. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF LOSS
(UNAUDITED)

(In thousands)Three Months Ended
September 30,
Nine Months Ended
September 30,
2021202020212020
Revenue$262,568 $216,934 $659,216 $535,970 
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)187,080 172,049 554,087 476,541 
Selling, general and administrative expenses (excludes depreciation and amortization)
61,040 56,469 173,936 156,026 
Corporate expenses (excludes depreciation and amortization)17,691 648 32,465 15,505 
Depreciation and amortization22,509 21,385 64,740 61,891 
Other operating expense (income), net(189)4,002 (244)9,522 
Operating loss(25,563)(37,619)(165,768)(183,515)
Interest expense, net(5,970)(4,720)(18,094)(10,109)
Other income (expense), net(10,987)11,877 (871)(8,656)
Loss before income taxes(42,520)(30,462)(184,733)(202,280)
Income tax benefit (expense)4,776 1,845 6,131 (4,783)
Consolidated net loss(37,744)(28,617)(178,602)(207,063)
Less amount attributable to noncontrolling interest— — 
Net loss attributable to the Company$(37,744)$(28,618)$(178,602)$(207,067)