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 | — | 3 | |||||||||||||||||||||
Net loss attributable to the Company | $ | (96,372) | $ | (73,910) |