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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES:    
Advertising $ 180,669 $ 163,105
Sublicensing and own production revenue 9,241 1,862
Other revenue 1,210 574
Total operating revenues 191,120 165,541
EXPENSES:    
Direct operating expenses (exclusive of amortization of programming rights, sublicensing rights and own production cost, shown below; exclusive of depreciation and amortization of $3,194 and $4,111 for the three months ended March 31, 2011 and 2012, respectively; and exclusive of stock-based compensation of $2,029 and $933 for the three months ended March 31, 2011 and 2012, respectively) (11,859) (10,710)
Selling, general and administrative (exclusive of depreciation and amortization of $742 and $1,046 for the three months ended March 31, 2011 and 2012, respectively; and exclusive of stock-based compensation of $4,190 and $1,978 for the three months ended March 31, 2011 and 2012, respectively) (42,728) (37,696)
Stock-based compensation expense (2,911) (6,219)
Amortization of programming rights (75,759) (70,738)
Amortization of sublicensing rights and own production cost (2,735) (314)
Depreciation and amortization (exclusive of amortization of programming rights, sublicensing rights and own production cost) (5,157) (3,936)
Total operating expenses (141,149) (129,613)
OPERATING INCOME 49,971 35,928
FOREIGN CURRENCY (LOSSES) GAINS (1,404) 1,133
INTEREST INCOME 2,129 1,486
INTEREST EXPENSE (201) (100)
OTHER NON-OPERATING INCOME (LOSS), net 229 (27)
EQUITY IN INCOME OF INVESTEE COMPANIES 159 177
Income before income tax 50,883 38,597
INCOME TAX EXPENSE (17,271) (14,903)
CONSOLIDATED NET INCOME 33,612 23,694
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (990) (902)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 32,622 $ 22,792
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.21 $ 0.15
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.21 $ 0.14
Weighted average common shares outstanding-basic (in shares) 157,495,591 157,001,909
Weighted average common shares outstanding-diluted (in shares) 157,805,484 158,002,195
Dividends declared per share (in dollars per share) $ 0.13 $ 0.16