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

Exhibit 99.2

CLEAR CHANNEL INTERNATIONAL B.V. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF LOSS

(UNAUDITED)

(In thousands)			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Revenue			$	247,124					$	107,346					$	396,648					$	319,036
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)			197,525						130,896						367,007						304,492
Selling, general and administrative expenses (excludes depreciation and amortization)			63,529						46,426						112,896						99,557
Corporate expenses (excludes depreciation and amortization)			5,420						6,163						14,774						14,857
Depreciation and amortization			21,934						20,150						42,231						40,506
Other operating expense (income), net			(1,290)						3,180						(55)						5,520
Operating loss			(39,994)						(99,469)						(140,205)						(145,896)
Interest expense, net			(5,982)						(2,806)						(12,124)						(5,389)
Other income (expense), net			2,264						(3,077)						10,116						(20,533)
Loss before income taxes			(43,712)						(105,352)						(142,213)						(171,818)
Income tax benefit (expense)			(774)						813						1,355						(6,628)
Consolidated net loss			(44,486)						(104,539)						(140,858)						(178,446)
Less amount attributable to noncontrolling interest			—						—						—						3
Net loss attributable to the Company			$	(44,486)					$	(104,539)					$	(140,858)					$	(178,449)