XML 11 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES:        
Advertising $ 199,945 $ 124,912 $ 363,050 $ 241,895
Sublicensing and own production revenue 3,597 5,316 5,459 11,255
Other revenue 942 271 1,515 549
Total operating revenues 204,484 130,499 370,024 253,699
EXPENSES:        
Direct operating expenses (exclusive of amortization of programming rights, sublicensing rights and own production cost, shown below; exclusive of depreciation and amortization of $2,852 and $3,286 for the three months and $5,617 and $6,480 for the six months ended June 30, 2010 and 2011, respectively; and exclusive of stock-based compensation of $2,642 and $2,407 for the three months and $5,291 and $4,436 for the six months ended June 30, 2010 and 2011, respectively) (10,757) (9,107) (21,467) (18,931)
Selling, general and administrative (exclusive of depreciation and amortization of $506 and $923 for the three months and $1,118 and $1,665 for the six months ended June 30, 2010 and 2011, respectively; and exclusive of stock-based compensation of $5,831 and $6,210 for the three months and $10,512 and $10,400 for the six months ended June 30, 2010 and 2011, respectively) (43,171) (17,200) (80,867) (32,777)
Stock-based compensation expense (8,617) (8,473) (14,836) (15,803)
Amortization of programming rights (75,474) (58,328) (146,211) (107,789)
Amortization of sublicensing rights and own production cost (511) (1,224) (825) (2,580)
Depreciation and amortization (exclusive of amortization of programming rights, sublicensing rights and own production cost) (4,209) (3,358) (8,145) (6,735)
Total operating expenses (142,739) (97,690) (272,351) (184,615)
OPERATING INCOME 61,745 32,809 97,673 69,084
FOREIGN CURRENCY GAINS 614 1,155 1,747 883
INTEREST INCOME 1,253 811 2,739 2,170
INTEREST EXPENSE (163) (217) (263) (909)
OTHER NON-OPERATING INCOME, net 247 359 220 1,983
EQUITY IN INCOME OF INVESTEE COMPANIES 190 119 367 213
Income before income tax 63,886 35,036 102,483 73,424
INCOME TAX EXPENSE (23,597) (13,313) (38,501) (25,574)
CONSOLIDATED NET INCOME 40,289 21,723 63,982 47,850
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (1,821) (819) (2,722) (1,747)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 38,468 $ 20,904 $ 61,260 $ 46,103
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.24 $ 0.13 $ 0.39 $ 0.30
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.24 $ 0.13 $ 0.39 $ 0.30
Weighted average common shares outstanding-basic (in shares) 157,266,697 155,558,204 157,135,034 154,896,650
Weighted average common shares outstanding-diluted (in shares) 158,164,349 155,942,834 158,087,005 155,315,572
Dividends declared per share (in dollars per share) $ 0.22 $ 0.07 $ 0.38 $ 0.13