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,
2022202120222021
Revenue$239,197 $262,568 $736,616 $659,216 
Operating expenses:
Direct operating expenses(1)
171,060 187,080 530,351 554,087 
Selling, general and administrative expenses(1)
54,219 61,040 162,604 173,936 
Corporate expenses(1)
11,425 17,691 36,634 32,821 
Depreciation and amortization16,628 22,509 54,851 64,740 
Other operating expense (income), net87 (189)(1,553)(600)
Operating loss(14,222)(25,563)(46,271)(165,768)
Interest expense, net(11,265)(5,970)(31,397)(18,094)
Other expense, net(36,985)(10,987)(81,364)(871)
Loss before income taxes(62,472)(42,520)(159,032)(184,733)
Income tax benefit (expense)(765)4,776 (1,346)6,131 
Consolidated net loss(63,237)(37,744)(160,378)(178,602)
Less amount attributable to noncontrolling interest— — (66)— 
Net loss attributable to the Company$(63,237)$(37,744)$(160,312)$(178,602)

(1)Excludes depreciation and amortization