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
December 31,
Years Ended
December 31,
2021202020212020
Revenue$349,689 $268,425 $1,008,905 $804,395 
Operating expenses:
Direct operating expenses(1)
204,177 177,085 758,264 653,626 
Selling, general and administrative expenses(1)
62,778 59,567 236,714 215,593 
Corporate expenses(1)
10,431 5,500 42,896 21,005 
Depreciation and amortization21,749 23,039 86,489 84,930 
Other operating expense (income), net(585)2,401 (829)11,923 
Operating income (loss)51,139 833 (114,629)(182,682)
Interest expense, net(21,524)(7,538)(39,618)(17,647)
Other income, net5,235 18,836 4,364 10,180 
Income (loss) before income taxes34,850 12,131 (149,883)(190,149)
Income tax benefit (expense)(2,360)(956)3,771 (5,739)
Consolidated net income (loss)32,490 11,175 (146,112)(195,888)
Less amount attributable to noncontrolling interest98 (2)98 
Net income (loss) attributable to the Company$32,392 $11,177 $(146,210)$(195,890)

(1)Excludes depreciation and amortization