XML 33 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 33,612 $ 23,694
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred tax expense (benefit) 304 (15)
Depreciation and amortization 5,157 3,936
Amortization of programming rights 75,759 70,738
Amortization of sublicensing rights and own production cost 2,735 314
Stock based compensation expense 2,911 6,219
Equity in income of unconsolidated investees (159) (177)
Foreign currency losses (gains) 1,404 (1,133)
Changes in operating assets and liabilities:    
Trade accounts receivable (16,079) (166)
Prepayments 4,371 (2,136)
Other assets (2,678) 1,211
Accounts payable and accrued liabilities 1,206 3,368
Deferred revenue (1,596) (358)
Other liabilities (13,243) (15,805)
Dividends received from equity investees 344  
Acquisition of programming and sublicensing rights (85,198) (77,410)
Net cash provided by operating activities 8,850 12,280
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of property and equipment and intangible assets (3,002) (4,031)
Acquisitions of businesses, net of cash acquired   (7,726)
Receipts from deposits 26,296 38,597
Net cash provided by investing activities 23,294 26,840
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 4,615 3,901
Proceeds from overdraft, net 678  
Dividends paid to stockholders (20,561) (25,115)
Dividends paid to noncontrolling interest (515) (186)
Net cash used in financing activities (15,783) (21,400)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 1,965 4,262
Net increase in cash and cash equivalents 18,326 21,982
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 12,331 59,565
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 30,657 $ 81,547