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,
			2022						2021						2022						2021
Revenue			$	280,347					$	247,124					$	497,419					$	396,648
Operating expenses:
Direct operating expenses(1)			180,332						197,525						359,291						367,007
Selling, general and administrative expenses(1)			56,428						63,529						108,385						112,896
Corporate expenses(1)			12,653						5,432						25,209						15,130
Depreciation and amortization			18,779						21,934						38,223						42,231
Other operating income, net			(3,419)						(1,302)						(1,640)						(411)
Operating income (loss)			15,574						(39,994)						(32,049)						(140,205)
Interest expense, net			(10,111)						(5,982)						(20,132)						(12,124)
Other income (expense), net			(32,569)						2,264						(44,379)						10,116
Loss before income taxes			(27,106)						(43,712)						(96,560)						(142,213)
Income tax benefit (expense)			(3,669)						(774)						(581)						1,355
Consolidated net loss			(30,775)						(44,486)						(97,141)						(140,858)
Less amount attributable to noncontrolling interest			(66)						—						(66)						—
Net loss attributable to the Company			$	(30,709)					$	(44,486)					$	(97,075)					$	(140,858)

(1)Excludes depreciation and amortization