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
March 31,
20222021
Revenue$217,072 $149,524 
Operating expenses:
Direct operating expenses(1)
178,959 169,482 
Selling, general and administrative expenses(1)
51,957 49,367 
Corporate expenses(1)
12,556 9,698 
Depreciation and amortization19,444 20,297 
Other operating expense, net1,779 891 
Operating loss(47,623)(100,211)
Interest expense, net(10,021)(6,142)
Other income (expense), net(11,810)7,852 
Loss before income taxes(69,454)(98,501)
Income tax benefit3,088 2,129 
Consolidated net loss$(66,366)$(96,372)

(1)Excludes depreciation and amortization