XML 28 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents (Note 4) $ 25,808 $ 12,331
Short-term investments (Note 4) 98,355 117,233
Trade accounts receivable, net of allowance for doubtful accounts (December 31, 2011-$977; June 30, 2012-$1,301) 25,615 21,831
Taxes reclaimable 24,597 20,311
Prepayments 59,454 57,091
Programming rights, net (Note 6) 135,490 106,947
Deferred tax assets 24,472 20,086
Other current assets 2,567 1,351
TOTAL CURRENT ASSETS 396,358 357,181
PROPERTY AND EQUIPMENT, net 43,595 46,299
INTANGIBLE ASSETS, net:    
Broadcasting licenses 160,069 159,369
Cable network connections 25,827 28,148
Trade names 5,127 5,213
Network affiliation agreements 1,040 2,120
Other intangible assets 2,870 3,197
Net intangible assets 194,933 198,047
GOODWILL (Note 7) 161,266 164,375
PROGRAMMING RIGHTS, net (Note 6) 76,003 92,134
INVESTMENTS IN AND ADVANCES TO INVESTEES 4,798 5,041
PREPAYMENTS 2,545 3,012
DEFERRED TAX ASSETS 22,885 26,015
OTHER NON-CURRENT ASSETS 2,612 997
TOTAL ASSETS 904,995 893,101
CURRENT LIABILITIES:    
Bank overdraft (Note 4)   16,941
Accounts payable 75,881 69,891
Accrued liabilities 25,711 21,393
Taxes payable 28,370 31,905
Deferred revenue 9,768 7,367
Deferred tax liabilities 12,697 12,613
TOTAL CURRENT LIABILITIES 152,427 160,110
DEFERRED TAX LIABILITIES 39,766 35,783
COMMITMENTS AND CONTINGENCIES (Note 11)      
STOCKHOLDERS' EQUITY:    
Common stock ($0.01 par value; shares authorized 175,772,173; shares issued and outstanding December 31, 2011-157,320,070; June 30, 2012-158,160,719) 1,582 1,573
Additional paid-in capital 489,476 481,969
Retained earnings 347,730 322,184
Accumulated other comprehensive loss (128,575) (111,754)
Non-controlling interest 2,589 3,236
TOTAL STOCKHOLDERS' EQUITY 712,802 697,208
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 904,995 $ 893,101