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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Consolidated net income$ 81,259$ 73,002
Adjustments to reconcile net income to net cash provided by operating activities:  
Deferred tax (benefit) expense(4,938)5,120
Depreciation and amortization12,92510,154
Amortization of programming rights209,047157,189
Amortization of sublicensing rights and own production cost1,7963,889
Stock based compensation expense15,59225,004
Equity in income of unconsolidated investees(514)(272)
Foreign currency losses/ (gains)307(1,055)
Impairment loss16,843 
Changes in operating assets and liabilities:  
Trade accounts receivable10,242(9,496)
Prepayments(8,727)(1,076)
Other assets(4,338)(8,424)
Accounts payable and accrued liabilities(5,188)9,259
Deferred revenue(1,026)4,042
Other liabilities(12,860)(12,575)
Dividends received from equity investees533307
Acquisition of programming and sublicensing rights(253,960)(183,261)
Net cash provided by operating activities56,99371,807
CASH FLOWS FROM INVESTING ACTIVITIES:  
Acquisitions of property and equipment and intangible assets(16,037)(11,775)
Acquisitions of businesses, net of cash acquired(24,476)(13,340)
Proceeds from sale of businesses, net of cash disposed 2,026
Receipts from/(investments in) deposits38,646(64,741)
Net cash used in investing activities(1,867)(87,830)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Proceeds from exercise of stock options5,35235,305
Repayments of loans (28,250)
Decrease in restricted cash 126
Dividends paid to stockholders(59,714)(30,288)
Dividends paid to noncontrolling interest(4,813)(3,787)
Net cash used in financing activities(59,175)(26,894)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS1,332152
Net decrease in cash and cash equivalents(2,717)(42,765)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD59,56584,441
CASH AND CASH EQUIVALENTS AT END OF PERIOD$ 56,848$ 41,676