Form: 8-K

Current report filing

May 10, 2021


Exhibit 99.2
CLEAR CHANNEL INTERNATIONAL B.V. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF LOSS

(UNAUDITED)

(In thousands) Three Months Ended
March 31,
2021 2020
Revenue $ 149,524  $ 211,690 
Operating expenses:
Direct operating expenses (excludes depreciation and amortization) 169,482  173,596 
Selling, general and administrative expenses (excludes depreciation and amortization)
49,367  53,131 
Corporate expenses (excludes depreciation and amortization) 9,354  8,694 
Depreciation and amortization 20,297  20,356 
Other operating expense, net 1,235  2,340 
Operating loss (100,211) (46,427)
Interest expense, net (6,142) (2,583)
Other income (expense), net 7,852  (17,456)
Loss before income taxes (98,501) (66,466)
Income tax benefit (expense) 2,129  (7,441)
Consolidated net loss (96,372) (73,907)
Less amount attributable to noncontrolling interest — 
Net loss attributable to the Company $ (96,372) $ (73,910)