EX-99.2
Published on July 29, 2021
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, |
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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) |