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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities  
Net income$ 62,522$ 85,405
Adjustments to reconcile net income to net cash provided by operating activities:  
Amortization and write-off of film and other inventory costs257,403269,840
Stock-based compensation expense22,13422,403
Depreciation and amortization2,5974,693
Revenue earned against deferred revenue and other advances(69,287)(56,699)
Deferred taxes, net27,501(1,236)
Changes in operating assets and liabilities:  
Trade accounts receivable13,776(1,128)
Receivable from Paramount65,37751,293
Film and other inventory costs(350,783)(342,498)
Prepaid expenses and other assets(5,621)(17,134)
Accounts payable and accrued liabilities(33,424)9,312
Payable to former stockholder(33,219)12,299
Income taxes payable/receivable, net(2,204)(2,140)
Deferred revenue and other advances89,27945,736
Net cash provided by operating activities46,05180,146
Investing activities  
Purchases of property, plant and equipment(28,928)(37,777)
Investment in unconsolidated affiliate(5,000)0
Net cash used in investing activities(33,928)(37,777)
Financing Activities  
Receipts from exercise of stock options68,801
Excess tax benefits from employee equity awards301,139
Deferred financing costs(338)0
Purchase of treasury stock(26,044)(113,954)
Net cash used in financing activities(26,346)(104,014)
Decrease in cash and cash equivalents(14,223)(61,645)
Cash and cash equivalents at beginning of period163,819231,245
Cash and cash equivalents at end of period149,596169,600
Supplemental disclosure of cash flow information:  
Cash paid during the period for income taxes, net of amounts refunded1,7905,513
Cash paid during the period for interest, net of amounts capitalized$ 484$ 404