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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES:        
Advertising $ 183,393 $ 199,945 $ 364,062 $ 363,050
Sublicensing and own production revenue 3,049 3,597 12,290 5,459
Other revenue 1,142 942 2,352 1,515
Total operating revenues 187,584 204,484 378,704 370,024
EXPENSES:        
Direct operating expenses (exclusive of amortization of programming rights, sublicensing rights and own production cost, shown below; exclusive of depreciation and amortization of $3,286 and $4,098 for the three months and $6,480 and $8,209 for the six months ended June 30, 2011 and 2012, respectively; and exclusive of stock-based compensation of $2,407 and $(121) for the three months and $4,436 and $812 for the six months ended June 30, 2011 and 2012, respectively) (11,332) (10,757) (23,191) (21,467)
Selling, general and administrative (exclusive of depreciation and amortization of $923 and $885 for the three months and $1,665 and $1,931 for the six months ended June 30, 2011 and 2012, respectively; and exclusive of stock-based compensation of $6,210 and $831 for the three months and $10,400 and $2,809 for the six months ended June 30, 2011 and 2012, respectively) (41,543) (43,171) (84,271) (80,867)
Stock-based compensation expense (710) (8,617) (3,621) (14,836)
Amortization of programming rights (79,391) (75,474) (155,150) (146,211)
Amortization of sublicensing rights and own production cost (503) (511) (3,238) (825)
Depreciation and amortization (exclusive of amortization of programming rights, sublicensing rights and own production cost) (4,983) (4,209) (10,140) (8,145)
Total operating expenses (138,462) (142,739) (279,611) (272,351)
OPERATING INCOME 49,122 61,745 99,093 97,673
FOREIGN CURRENCY GAINS 1,955 614 551 1,747
INTEREST INCOME 1,859 1,253 3,988 2,739
INTEREST EXPENSE (164) (163) (365) (263)
OTHER NON-OPERATING INCOME, net 617 247 846 220
EQUITY IN INCOME OF INVESTEE COMPANIES 275 190 434 367
Income before income tax 53,664 63,886 104,547 102,483
INCOME TAX EXPENSE (18,225) (23,597) (35,496) (38,501)
CONSOLIDATED NET INCOME 35,439 40,289 69,051 63,982
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (1,393) (1,821) (2,383) (2,722)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 34,046 $ 38,468 $ 66,668 $ 61,260
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.22 $ 0.24 $ 0.42 $ 0.39
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.22 $ 0.24 $ 0.42 $ 0.39
Weighted average common shares outstanding-basic (in shares) 158,160,719 157,266,697 157,648,016 157,135,034
Weighted average common shares outstanding-diluted (in shares) 158,160,719 158,164,349 157,880,218 158,087,005
Dividends declared per share (in dollars per share) $ 0.13 $ 0.22 $ 0.26 $ 0.38