EX-99.2
Published on August 9, 2022
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