Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - Clear Channel Outdoor Holdings, Inc. | exhibit991-ccohearningsrel.htm |
| 8-K - 8-K - Clear Channel Outdoor Holdings, Inc. | cco-20210225.htm |
Exhibit 99.2
CLEAR CHANNEL INTERNATIONAL B.V. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF LOSS
(UNAUDITED)
| (In thousands) | Three Months Ended December 31, 2020 | Years Ended December 31, | |||||||||||||||||||||
| 2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
| Revenue | $ | 268,425 | $ | 326,998 | $ | 804,395 | $ | 1,111,770 | |||||||||||||||
| Operating expenses: | |||||||||||||||||||||||
| Direct operating expenses (excludes depreciation and amortization) | 177,085 | 204,926 | 653,626 | 744,571 | |||||||||||||||||||
Selling, general and administrative expenses (excludes depreciation and amortization) | 59,567 | 62,609 | 215,593 | 235,917 | |||||||||||||||||||
| Corporate expenses (excludes depreciation and amortization) | 5,500 | 55 | 21,005 | 25,996 | |||||||||||||||||||
| Depreciation and amortization | 23,039 | 22,204 | 84,930 | 80,642 | |||||||||||||||||||
| Other operating income (expense), net | (2,401) | 2,818 | (11,923) | 2,744 | |||||||||||||||||||
| Operating income (loss) | 833 | 40,022 | (182,682) | 27,388 | |||||||||||||||||||
| Interest expense, net | 7,538 | 5,590 | 17,647 | 36,878 | |||||||||||||||||||
| Loss on extinguishment of debt | — | — | — | 10,961 | |||||||||||||||||||
| Other income, net | 18,836 | 10,678 | 10,180 | 170 | |||||||||||||||||||
| Income (loss) before income taxes | 12,131 | 45,110 | (190,149) | (20,281) | |||||||||||||||||||
| Income tax expense | (956) | (61,927) | (5,739) | (63,717) | |||||||||||||||||||
| Consolidated net income (loss) | 11,175 | (16,817) | (195,888) | (83,998) | |||||||||||||||||||
| Less amount attributable to noncontrolling interest | (2) | — | 2 | 2 | |||||||||||||||||||
| Net income (loss) attributable to the Company | $ | 11,177 | $ | (16,817) | $ | (195,890) | $ | (84,000) | |||||||||||||||