EX-99.2
Published on November 9, 2021
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, |
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2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Revenue | $ | 262,568 | $ | 216,934 | $ | 659,216 | $ | 535,970 | |||||||||||||||
Operating expenses: | |||||||||||||||||||||||
Direct operating expenses (excludes depreciation and amortization) | 187,080 | 172,049 | 554,087 | 476,541 | |||||||||||||||||||
Selling, general and administrative expenses (excludes depreciation and amortization) |
61,040 | 56,469 | 173,936 | 156,026 | |||||||||||||||||||
Corporate expenses (excludes depreciation and amortization) | 17,691 | 648 | 32,465 | 15,505 | |||||||||||||||||||
Depreciation and amortization | 22,509 | 21,385 | 64,740 | 61,891 | |||||||||||||||||||
Other operating expense (income), net | (189) | 4,002 | (244) | 9,522 | |||||||||||||||||||
Operating loss | (25,563) | (37,619) | (165,768) | (183,515) | |||||||||||||||||||
Interest expense, net | (5,970) | (4,720) | (18,094) | (10,109) | |||||||||||||||||||
Other income (expense), net | (10,987) | 11,877 | (871) | (8,656) | |||||||||||||||||||
Loss before income taxes | (42,520) | (30,462) | (184,733) | (202,280) | |||||||||||||||||||
Income tax benefit (expense) | 4,776 | 1,845 | 6,131 | (4,783) | |||||||||||||||||||
Consolidated net loss | (37,744) | (28,617) | (178,602) | (207,063) | |||||||||||||||||||
Less amount attributable to noncontrolling interest | — | 1 | — | 4 | |||||||||||||||||||
Net loss attributable to the Company | $ | (37,744) | $ | (28,618) | $ | (178,602) | $ | (207,067) |